Can I retire at age 59 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,925$62,365$61,818$61,284$60,763$59,439
2 years$31,151$30,571$30,009$29,464$28,935$27,608
3 years$20,561$19,978$19,418$18,878$18,357$17,068
4 years$15,267$14,686$14,131$13,600$13,093$11,852
5 years$12,092$11,514$10,966$10,446$9,953$8,764
6 years$9,975$9,402$8,862$8,354$7,875$6,739
7 years$8,464$7,896$7,365$6,868$6,405$5,321
8 years$7,331$6,768$6,246$5,762$5,313$4,283
9 years$6,451$5,893$5,380$4,908$4,475$3,496
10 years$5,747$5,194$4,690$4,230$3,813$2,885
11 years$5,171$4,624$4,129$3,682$3,279$2,401
12 years$4,692$4,151$3,664$3,229$2,841$2,012
13 years$4,286$3,751$3,274$2,851$2,478$1,695
14 years$3,939$3,409$2,942$2,531$2,172$1,435
15 years$3,639$3,115$2,656$2,257$1,912$1,219
16 years$3,376$2,858$2,408$2,021$1,690$1,039
17 years$3,144$2,632$2,191$1,816$1,499$887
18 years$2,939$2,432$2,000$1,636$1,333$760
19 years$2,755$2,254$1,831$1,479$1,188$652
20 years$2,590$2,094$1,680$1,339$1,061$560
21 years$2,441$1,951$1,546$1,215$949$482
22 years$2,305$1,821$1,425$1,105$851$415
23 years$2,181$1,703$1,315$1,006$764$358
24 years$2,068$1,596$1,217$918$687$309
25 years$1,965$1,497$1,127$838$618$266
26 years$1,869$1,407$1,045$766$557$230
27 years$1,780$1,325$970$702$502$199
28 years$1,698$1,248$902$643$453$172
29 years$1,622$1,177$839$589$409$149
30 years$1,551$1,112$782$541$369$129
31 years$1,485$1,051$729$497$334$112
32 years$1,423$995$680$457$302$97
33 years$1,365$942$635$420$273$84
34 years$1,310$893$593$386$248$72
35 years$1,259$847$555$356$224$63
36 years$1,210$804$519$328$203$54
37 years$1,165$763$486$302$184$47
38 years$1,121$725$455$278$167$41
39 years$1,080$690$426$256$151$35
40 years$1,042$656$399$237$137$31
41 years$1,005$625$375$218$125$27
42 years$970$595$351$201$113$23
43 years$937$567$330$186$103$20
44 years$905$540$309$172$93$17
45 years$875$515$291$159$85$15
46 years$847$492$273$146$77$13
47 years$819$469$256$135$70$11
48 years$793$448$241$125$63$10
49 years$768$428$226$116$57$9
50 years$744$409$213$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $762,000, adding $2,335 every year, while hoping to spend $31,187 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: 55/27/18 Blend
58$762,000$762,000$762,000$762,000
59$842,133$801,747$789,936$884,265
60$894,847$807,849$783,216$919,376
61$951,894$813,206$775,225$954,062
62$1,013,681$817,747$765,889$991,141
63$1,080,658$821,398$755,128$1,030,852
64$1,153,320$824,081$742,860$1,073,457
65$1,232,209$825,712$728,997$1,119,244
66$1,317,925$826,203$713,449$1,168,535
67$1,411,125$825,459$696,121$1,221,684
68$1,512,533$823,379$676,914$1,279,083
69$1,622,945$819,858$655,724$1,341,165
70$1,743,236$814,782$632,442$1,408,409
71$1,874,373$808,033$606,955$1,481,346
72$2,017,415$799,482$579,144$1,560,559
73$2,173,530$788,996$548,884$1,646,695
74$2,344,005$776,432$516,047$1,740,471
75$2,530,256$761,639$480,496$1,842,675
76$2,733,839$744,456$442,090$1,954,181
77$2,956,470$724,715$400,680$2,075,953
78$3,200,040$702,235$356,112$2,209,056
79$3,466,626$676,827$308,224$2,354,667
80$3,758,521$648,290$256,848$2,514,086
81$4,078,245$616,411$201,808$2,688,749
82$4,428,575$580,965$142,918$2,880,241
83$4,812,572$541,714$79,988$3,090,313
84$5,233,603$498,407$12,816$3,320,899
85$5,695,379$450,778$0$3,574,133
86$6,201,987$398,545$0$3,863,679
87$6,757,927$341,411$0$4,184,193
88$7,368,159$279,063$0$4,536,129
89$8,038,143$211,170$0$4,922,701
90$8,773,896$137,379$0$5,347,457
91$9,582,046$57,323$0$5,814,309
92$10,469,893$0$0$6,327,571
93$11,445,481$0$0$6,900,733
94$12,517,670$0$0$7,549,440
95$13,696,221$0$0$8,262,579
96$14,991,890$0$0$9,046,665
97$16,416,525$0$0$9,908,878
98$17,983,180$0$0$10,857,131
99$19,706,237$0$0$11,900,138
100$21,601,542$0$0$13,047,502