Can I retire at age 59 with 761,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$62,843$62,283$61,737$61,204$60,683$58,835
2 years$31,110$30,531$29,969$29,425$28,897$27,051
3 years$20,534$19,952$19,392$18,853$18,333$16,547
4 years$15,247$14,667$14,112$13,582$13,075$11,363
5 years$12,076$11,499$10,952$10,433$9,940$8,305
6 years$9,962$9,390$8,851$8,343$7,865$6,310
7 years$8,453$7,886$7,355$6,859$6,396$4,921
8 years$7,322$6,759$6,238$5,754$5,306$3,910
9 years$6,442$5,885$5,372$4,901$4,469$3,149
10 years$5,739$5,188$4,684$4,225$3,808$2,564
11 years$5,164$4,618$4,124$3,677$3,275$2,104
12 years$4,686$4,145$3,660$3,225$2,838$1,738
13 years$4,281$3,746$3,270$2,847$2,475$1,443
14 years$3,934$3,405$2,938$2,528$2,169$1,203
15 years$3,634$3,110$2,652$2,254$1,910$1,006
16 years$3,372$2,854$2,405$2,018$1,688$844
17 years$3,140$2,628$2,188$1,813$1,497$710
18 years$2,935$2,429$1,998$1,634$1,331$598
19 years$2,751$2,251$1,829$1,477$1,186$504
20 years$2,586$2,092$1,678$1,337$1,060$426
21 years$2,437$1,948$1,544$1,214$948$360
22 years$2,302$1,819$1,423$1,104$850$305
23 years$2,179$1,701$1,314$1,005$763$259
24 years$2,066$1,594$1,215$917$686$219
25 years$1,962$1,496$1,125$837$617$186
26 years$1,866$1,406$1,044$765$556$158
27 years$1,778$1,323$969$701$501$134
28 years$1,696$1,246$901$642$452$114
29 years$1,620$1,176$838$589$408$97
30 years$1,549$1,111$781$540$369$82
31 years$1,483$1,050$728$496$334$70
32 years$1,421$993$679$456$302$59
33 years$1,363$941$634$419$273$51
34 years$1,308$892$593$386$247$43
35 years$1,257$846$554$355$224$37
36 years$1,209$803$518$327$203$31
37 years$1,163$762$485$301$184$26
38 years$1,120$724$454$278$167$23
39 years$1,079$689$426$256$151$19
40 years$1,040$655$399$236$137$16
41 years$1,004$624$374$218$124$14
42 years$969$594$351$201$113$12
43 years$936$566$329$186$102$10
44 years$904$540$309$171$93$9
45 years$874$515$290$158$84$7
46 years$845$491$273$146$77$6
47 years$818$468$256$135$70$5
48 years$792$447$241$125$63$4
49 years$767$427$226$115$57$4
50 years$743$408$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $761,000, adding $4,045 every year, while hoping to spend $53,585 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 36/47/17 Blend
58$761,000$761,000$761,000$761,000
59$842,794$802,461$790,666$868,634
60$871,745$784,768$760,139$870,037
61$901,853$764,412$726,794$866,204
62$933,180$741,205$690,479$860,931
63$965,791$714,951$651,037$854,120
64$999,757$685,439$608,302$845,666
65$1,035,155$652,448$562,103$835,459
66$1,072,066$615,743$512,258$823,386
67$1,110,579$575,077$458,581$809,325
68$1,150,789$530,186$400,874$793,152
69$1,192,798$480,794$338,932$774,734
70$1,236,718$426,608$272,541$753,933
71$1,282,669$367,317$201,477$730,606
72$1,330,781$302,596$125,506$704,600
73$1,381,194$232,097$44,384$675,760
74$1,434,062$155,456$0$643,921
75$1,489,550$72,287$0$616,565
76$1,547,839$0$0$594,950
77$1,609,122$0$0$580,097
78$1,673,614$0$0$603,846
79$1,741,545$0$0$628,902
80$1,813,168$0$0$655,363
81$1,888,757$0$0$683,336
82$1,968,611$0$0$712,938
83$2,053,058$0$0$744,296
84$2,142,452$0$0$777,550
85$2,237,185$0$0$812,851
86$2,337,681$0$0$850,367
87$2,444,404$0$0$890,280
88$2,557,864$0$0$932,789
89$2,678,618$0$0$978,112
90$2,807,273$0$0$1,026,489
91$2,944,498$0$0$1,078,182
92$3,091,022$0$0$1,133,477
93$3,247,647$0$0$1,192,690
94$3,415,250$0$0$1,256,167
95$3,594,792$0$0$1,324,285
96$3,787,331$0$0$1,397,461
97$3,994,024$0$0$1,476,151
98$4,216,141$0$0$1,560,856
99$4,455,078$0$0$1,652,126
100$4,712,367$0$0$1,750,566