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%16.9%
1 years$62,925$62,365$61,818$61,284$60,763$59,055
2 years$31,151$30,571$30,009$29,464$28,935$27,227
3 years$20,561$19,978$19,418$18,878$18,357$16,703
4 years$15,267$14,686$14,131$13,600$13,093$11,505
5 years$12,092$11,514$10,966$10,446$9,953$8,436
6 years$9,975$9,402$8,862$8,354$7,875$6,430
7 years$8,464$7,896$7,365$6,868$6,405$5,032
8 years$7,331$6,768$6,246$5,762$5,313$4,012
9 years$6,451$5,893$5,380$4,908$4,475$3,244
10 years$5,747$5,194$4,690$4,230$3,813$2,650
11 years$5,171$4,624$4,129$3,682$3,279$2,183
12 years$4,692$4,151$3,664$3,229$2,841$1,810
13 years$4,286$3,751$3,274$2,851$2,478$1,509
14 years$3,939$3,409$2,942$2,531$2,172$1,263
15 years$3,639$3,115$2,656$2,257$1,912$1,061
16 years$3,376$2,858$2,408$2,021$1,690$894
17 years$3,144$2,632$2,191$1,816$1,499$755
18 years$2,939$2,432$2,000$1,636$1,333$639
19 years$2,755$2,254$1,831$1,479$1,188$542
20 years$2,590$2,094$1,680$1,339$1,061$460
21 years$2,441$1,951$1,546$1,215$949$391
22 years$2,305$1,821$1,425$1,105$851$332
23 years$2,181$1,703$1,315$1,006$764$283
24 years$2,068$1,596$1,217$918$687$241
25 years$1,965$1,497$1,127$838$618$205
26 years$1,869$1,407$1,045$766$557$175
27 years$1,780$1,325$970$702$502$149
28 years$1,698$1,248$902$643$453$128
29 years$1,622$1,177$839$589$409$109
30 years$1,551$1,112$782$541$369$93
31 years$1,485$1,051$729$497$334$79
32 years$1,423$995$680$457$302$68
33 years$1,365$942$635$420$273$58
34 years$1,310$893$593$386$248$50
35 years$1,259$847$555$356$224$42
36 years$1,210$804$519$328$203$36
37 years$1,165$763$486$302$184$31
38 years$1,121$725$455$278$167$27
39 years$1,080$690$426$256$151$23
40 years$1,042$656$399$237$137$19
41 years$1,005$625$375$218$125$17
42 years$970$595$351$201$113$14
43 years$937$567$330$186$103$12
44 years$905$540$309$172$93$10
45 years$875$515$291$159$85$9
46 years$847$492$273$146$77$8
47 years$819$469$256$135$70$6
48 years$793$448$241$125$63$6
49 years$768$428$226$116$57$5
50 years$744$409$213$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $762,000, adding $5,436 every year, while hoping to spend $40,963 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: 54/22/24 Blend
58$762,000$762,000$762,000$762,000
59$845,331$804,945$793,134$885,120
60$887,971$800,803$776,120$908,953
61$933,586$795,085$757,163$930,177
62$982,439$787,671$736,154$952,431
63$1,034,814$778,433$712,981$975,826
64$1,091,024$767,235$687,525$1,000,489
65$1,151,413$753,935$659,662$1,026,560
66$1,216,359$738,379$629,263$1,054,196
67$1,286,275$720,408$596,191$1,083,573
68$1,361,617$699,850$560,305$1,114,889
69$1,442,885$676,525$521,458$1,148,361
70$1,530,627$650,242$479,495$1,184,234
71$1,625,447$620,800$434,253$1,222,782
72$1,728,007$587,984$385,565$1,264,306
73$1,839,036$551,567$333,254$1,309,145
74$1,959,336$511,312$277,136$1,357,675
75$2,089,786$466,965$217,019$1,410,314
76$2,231,357$418,259$152,702$1,467,528
77$2,385,113$364,911$83,974$1,529,833
78$2,552,225$306,623$10,619$1,597,803
79$2,733,984$243,079$0$1,672,078
80$2,931,808$173,947$0$1,770,691
81$3,147,257$98,875$0$1,881,130
82$3,382,048$17,491$0$2,001,610
83$3,638,072$0$0$2,133,162
84$3,917,408$0$0$2,294,021
85$4,222,346$0$0$2,474,313
86$4,555,408$0$0$2,671,304
87$4,919,366$0$0$2,886,644
88$5,317,277$0$0$3,122,148
89$5,752,502$0$0$3,379,817
90$6,228,746$0$0$3,661,854
91$6,750,086$0$0$3,970,683
92$7,321,011$0$0$4,308,975
93$7,946,467$0$0$4,679,672
94$8,631,899$0$0$5,086,012
95$9,383,304$0$0$5,531,562
96$10,207,287$0$0$6,020,252
97$11,111,124$0$0$6,556,409
98$12,102,827$0$0$7,144,801
99$13,191,222$0$0$7,790,676
100$14,386,031$0$0$8,499,820