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%15%
1 years$63,090$62,528$61,980$61,445$60,922$59,668
2 years$31,233$30,651$30,087$29,541$29,011$27,753
3 years$20,615$20,031$19,469$18,927$18,406$17,183
4 years$15,307$14,725$14,168$13,636$13,127$11,949
5 years$12,123$11,544$10,995$10,474$9,979$8,850
6 years$10,001$9,427$8,886$8,376$7,896$6,816
7 years$8,486$7,917$7,384$6,886$6,422$5,392
8 years$7,351$6,786$6,262$5,777$5,327$4,347
9 years$6,468$5,908$5,394$4,920$4,486$3,555
10 years$5,762$5,208$4,702$4,242$3,823$2,939
11 years$5,185$4,636$4,140$3,691$3,288$2,451
12 years$4,704$4,161$3,674$3,238$2,849$2,057
13 years$4,298$3,761$3,282$2,859$2,484$1,737
14 years$3,950$3,418$2,949$2,537$2,178$1,473
15 years$3,648$3,123$2,663$2,263$1,917$1,254
16 years$3,385$2,865$2,414$2,026$1,695$1,071
17 years$3,153$2,639$2,197$1,821$1,503$917
18 years$2,946$2,438$2,005$1,641$1,336$787
19 years$2,762$2,260$1,836$1,483$1,191$676
20 years$2,597$2,100$1,685$1,343$1,064$582
21 years$2,447$1,956$1,550$1,219$952$502
22 years$2,311$1,826$1,428$1,108$853$434
23 years$2,187$1,708$1,319$1,009$766$375
24 years$2,074$1,600$1,220$920$688$324
25 years$1,970$1,501$1,130$840$619$280
26 years$1,874$1,411$1,048$769$558$243
27 years$1,785$1,328$973$703$503$210
28 years$1,703$1,251$904$644$454$182
29 years$1,626$1,181$842$591$410$158
30 years$1,555$1,115$784$542$370$137
31 years$1,489$1,054$731$498$335$119
32 years$1,427$997$682$458$303$103
33 years$1,368$944$637$421$274$90
34 years$1,313$895$595$387$248$78
35 years$1,262$849$556$357$225$68
36 years$1,213$806$520$328$204$59
37 years$1,168$765$487$303$185$51
38 years$1,124$727$456$279$167$44
39 years$1,083$692$427$257$152$39
40 years$1,045$658$400$237$138$34
41 years$1,008$626$376$219$125$29
42 years$973$597$352$202$113$25
43 years$939$568$331$186$103$22
44 years$908$542$310$172$93$19
45 years$878$517$291$159$85$17
46 years$849$493$274$147$77$14
47 years$821$470$257$136$70$13
48 years$795$449$242$125$63$11
49 years$770$429$227$116$58$10
50 years$746$410$213$107$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $764,000, adding $6,767 every year, while hoping to spend $56,055 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: 53/42/5 Blend
58$764,000$764,000$764,000$764,000
59$848,908$808,416$796,574$892,616
60$875,855$788,386$763,617$902,911
61$903,671$765,497$727,678$907,358
62$932,387$739,547$688,596$910,826
63$962,033$710,327$646,206$913,229
64$992,640$677,614$600,335$914,480
65$1,024,243$641,170$550,800$914,484
66$1,056,876$600,747$497,411$913,142
67$1,090,574$556,081$439,971$910,349
68$1,125,375$506,891$378,273$905,993
69$1,161,318$452,884$312,099$899,955
70$1,198,443$393,746$241,226$892,111
71$1,236,793$329,149$165,416$882,328
72$1,276,413$258,744$84,424$870,465
73$1,317,348$182,163$0$856,376
74$1,359,647$99,018$0$840,009
75$1,403,360$8,899$0$825,907
76$1,448,540$0$0$809,400
77$1,495,242$0$0$831,281
78$1,543,525$0$0$858,157
79$1,593,450$0$0$885,951
80$1,645,080$0$0$914,697
81$1,698,484$0$0$944,435
82$1,753,731$0$0$975,204
83$1,810,896$0$0$1,007,046
84$1,870,058$0$0$1,040,005
85$1,931,300$0$0$1,074,129
86$1,994,709$0$0$1,109,467
87$2,060,378$0$0$1,146,071
88$2,128,405$0$0$1,183,998
89$2,198,893$0$0$1,223,305
90$2,271,953$0$0$1,264,055
91$2,347,701$0$0$1,306,316
92$2,426,262$0$0$1,350,156
93$2,507,768$0$0$1,395,652
94$2,592,359$0$0$1,442,884
95$2,680,186$0$0$1,491,937
96$2,771,408$0$0$1,542,902
97$2,866,197$0$0$1,595,878
98$2,964,736$0$0$1,650,969
99$3,067,220$0$0$1,708,287
100$3,173,861$0$0$1,767,952