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%18.9%
1 years$62,843$62,283$61,737$61,204$60,683$58,507
2 years$31,110$30,531$29,969$29,425$28,897$26,728
3 years$20,534$19,952$19,392$18,853$18,333$16,240
4 years$15,247$14,667$14,112$13,582$13,075$11,073
5 years$12,076$11,499$10,952$10,433$9,940$8,034
6 years$9,962$9,390$8,851$8,343$7,865$6,057
7 years$8,453$7,886$7,355$6,859$6,396$4,687
8 years$7,322$6,759$6,238$5,754$5,306$3,693
9 years$6,442$5,885$5,372$4,901$4,469$2,949
10 years$5,739$5,188$4,684$4,225$3,808$2,380
11 years$5,164$4,618$4,124$3,677$3,275$1,935
12 years$4,686$4,145$3,660$3,225$2,838$1,583
13 years$4,281$3,746$3,270$2,847$2,475$1,302
14 years$3,934$3,405$2,938$2,528$2,169$1,075
15 years$3,634$3,110$2,652$2,254$1,910$890
16 years$3,372$2,854$2,405$2,018$1,688$739
17 years$3,140$2,628$2,188$1,813$1,497$615
18 years$2,935$2,429$1,998$1,634$1,331$513
19 years$2,751$2,251$1,829$1,477$1,186$428
20 years$2,586$2,092$1,678$1,337$1,060$358
21 years$2,437$1,948$1,544$1,214$948$300
22 years$2,302$1,819$1,423$1,104$850$251
23 years$2,179$1,701$1,314$1,005$763$210
24 years$2,066$1,594$1,215$917$686$176
25 years$1,962$1,496$1,125$837$617$148
26 years$1,866$1,406$1,044$765$556$124
27 years$1,778$1,323$969$701$501$104
28 years$1,696$1,246$901$642$452$87
29 years$1,620$1,176$838$589$408$73
30 years$1,549$1,111$781$540$369$62
31 years$1,483$1,050$728$496$334$52
32 years$1,421$993$679$456$302$44
33 years$1,363$941$634$419$273$37
34 years$1,308$892$593$386$247$31
35 years$1,257$846$554$355$224$26
36 years$1,209$803$518$327$203$22
37 years$1,163$762$485$301$184$18
38 years$1,120$724$454$278$167$15
39 years$1,079$689$426$256$151$13
40 years$1,040$655$399$236$137$11
41 years$1,004$624$374$218$124$9
42 years$969$594$351$201$113$8
43 years$936$566$329$186$102$6
44 years$904$540$309$171$93$5
45 years$874$515$290$158$84$5
46 years$845$491$273$146$77$4
47 years$818$468$256$135$70$3
48 years$792$447$241$125$63$3
49 years$767$427$226$115$57$2
50 years$743$408$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $761,000, adding $2,651 every year, while hoping to spend $27,176 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: 62/21/17 Blend
58$761,000$761,000$761,000$761,000
59$841,357$801,024$789,228$889,753
60$898,260$811,359$786,752$932,980
61$960,056$821,289$783,282$976,853
62$1,027,217$830,767$778,757$1,024,106
63$1,100,258$839,740$773,111$1,075,073
64$1,179,751$848,153$766,276$1,130,117
65$1,266,320$855,948$758,181$1,189,641
66$1,360,656$863,060$748,751$1,254,089
67$1,463,517$869,424$737,908$1,323,952
68$1,575,738$874,968$725,571$1,399,769
69$1,698,238$879,617$711,652$1,482,137
70$1,832,029$883,289$696,063$1,571,714
71$1,978,225$885,899$678,711$1,669,225
72$2,138,052$887,356$659,495$1,775,472
73$2,312,859$887,563$638,315$1,891,336
74$2,504,134$886,416$615,061$2,017,793
75$2,713,513$883,808$589,623$2,155,916
76$2,942,798$879,621$561,882$2,306,892
77$3,193,974$873,733$531,716$2,472,027
78$3,469,227$866,014$498,996$2,652,763
79$3,770,964$856,324$463,588$2,850,693
80$4,101,836$844,518$425,352$3,067,569
81$4,464,764$830,440$384,142$3,305,328
82$4,862,963$813,924$339,804$3,566,104
83$5,299,977$794,798$292,178$3,852,251
84$5,779,707$772,876$241,099$4,166,366
85$6,306,452$747,962$186,391$4,511,311
86$6,884,948$719,849$127,872$4,890,245
87$7,520,410$688,319$65,353$5,306,649
88$8,218,585$653,140$0$5,764,365
89$8,985,803$614,066$0$6,267,876
90$9,829,038$570,839$0$6,834,269
91$10,755,974$523,185$0$7,456,869
92$11,775,076$470,813$0$8,141,393
93$12,895,668$413,417$0$8,894,145
94$14,128,026$350,675$0$9,722,076
95$15,483,470$282,243$0$10,632,842
96$16,974,473$207,762$0$11,634,887
97$18,614,776$126,849$0$12,737,516
98$20,419,521$39,102$0$13,950,983
99$22,405,390$0$0$15,286,593
100$24,590,764$0$0$16,769,725