Can I retire at age 59 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$63,090$62,528$61,980$61,445$60,922$60,286
2 years$31,233$30,651$30,087$29,541$29,011$28,370
3 years$20,615$20,031$19,469$18,927$18,406$17,780
4 years$15,307$14,725$14,168$13,636$13,127$12,522
5 years$12,123$11,544$10,995$10,474$9,979$9,396
6 years$10,001$9,427$8,886$8,376$7,896$7,336
7 years$8,486$7,917$7,384$6,886$6,422$5,884
8 years$7,351$6,786$6,262$5,777$5,327$4,813
9 years$6,468$5,908$5,394$4,920$4,486$3,995
10 years$5,762$5,208$4,702$4,242$3,823$3,353
11 years$5,185$4,636$4,140$3,691$3,288$2,840
12 years$4,704$4,161$3,674$3,238$2,849$2,423
13 years$4,298$3,761$3,282$2,859$2,484$2,080
14 years$3,950$3,418$2,949$2,537$2,178$1,794
15 years$3,648$3,123$2,663$2,263$1,917$1,553
16 years$3,385$2,865$2,414$2,026$1,695$1,350
17 years$3,153$2,639$2,197$1,821$1,503$1,176
18 years$2,946$2,438$2,005$1,641$1,336$1,028
19 years$2,762$2,260$1,836$1,483$1,191$900
20 years$2,597$2,100$1,685$1,343$1,064$789
21 years$2,447$1,956$1,550$1,219$952$694
22 years$2,311$1,826$1,428$1,108$853$610
23 years$2,187$1,708$1,319$1,009$766$538
24 years$2,074$1,600$1,220$920$688$474
25 years$1,970$1,501$1,130$840$619$419
26 years$1,874$1,411$1,048$769$558$370
27 years$1,785$1,328$973$703$503$327
28 years$1,703$1,251$904$644$454$289
29 years$1,626$1,181$842$591$410$256
30 years$1,555$1,115$784$542$370$227
31 years$1,489$1,054$731$498$335$201
32 years$1,427$997$682$458$303$178
33 years$1,368$944$637$421$274$158
34 years$1,313$895$595$387$248$140
35 years$1,262$849$556$357$225$124
36 years$1,213$806$520$328$204$110
37 years$1,168$765$487$303$185$98
38 years$1,124$727$456$279$167$87
39 years$1,083$692$427$257$152$77
40 years$1,045$658$400$237$138$68
41 years$1,008$626$376$219$125$61
42 years$973$597$352$202$113$54
43 years$939$568$331$186$103$48
44 years$908$542$310$172$93$43
45 years$878$517$291$159$85$38
46 years$849$493$274$147$77$34
47 years$821$470$257$136$70$30
48 years$795$449$242$125$63$27
49 years$770$429$227$116$58$24
50 years$746$410$213$107$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $764,000, adding $6,278 every year, while hoping to spend $58,837 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: 64/14/22 Blend
58$764,000$764,000$764,000$764,000
59$848,404$807,912$796,070$897,500
60$872,339$784,897$760,136$908,323
61$896,743$758,783$721,026$912,964
62$921,603$729,355$678,573$916,684
63$946,900$696,388$632,599$919,398
64$972,613$659,640$582,920$921,013
65$998,717$618,859$529,345$921,430
66$1,025,180$573,778$471,672$920,544
67$1,051,968$524,112$409,692$918,239
68$1,079,037$469,562$343,186$914,393
69$1,106,341$409,812$271,924$908,873
70$1,133,822$344,528$195,668$901,536
71$1,161,418$273,355$114,169$892,229
72$1,189,054$195,922$27,165$880,788
73$1,216,649$111,833$0$867,033
74$1,244,107$20,672$0$866,190
75$1,271,321$0$0$870,443
76$1,298,171$0$0$885,270
77$1,324,521$0$0$902,899
78$1,350,218$0$0$920,038
79$1,375,090$0$0$936,564
80$1,398,943$0$0$952,340
81$1,421,563$0$0$967,212
82$1,442,708$0$0$981,011
83$1,462,108$0$0$993,543
84$1,479,463$0$0$1,004,597
85$1,494,437$0$0$1,013,935
86$1,506,656$0$0$1,021,291
87$1,515,705$0$0$1,026,371
88$1,521,121$0$0$1,028,848
89$1,522,390$0$0$1,028,358
90$1,518,942$0$0$1,024,497
91$1,510,141$0$0$1,016,817
92$1,495,285$0$0$1,004,819
93$1,473,594$0$0$987,953
94$1,444,203$0$0$965,607
95$1,406,153$0$0$937,103
96$1,358,384$0$0$901,691
97$1,299,719$0$0$858,541
98$1,228,858$0$0$806,733
99$1,144,361$0$0$745,251
100$1,044,636$0$0$672,968