Can I retire at age 59 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$63,173$62,610$62,061$61,525$61,002$60,618
2 years$31,274$30,691$30,127$29,580$29,049$28,661
3 years$20,642$20,057$19,494$18,952$18,430$18,051
4 years$15,327$14,744$14,187$13,654$13,144$12,777
5 years$12,139$11,560$11,009$10,487$9,992$9,637
6 years$10,015$9,439$8,897$8,387$7,906$7,565
7 years$8,498$7,927$7,394$6,895$6,430$6,101
8 years$7,360$6,795$6,270$5,784$5,334$5,019
9 years$6,476$5,916$5,401$4,927$4,492$4,190
10 years$5,769$5,215$4,708$4,247$3,828$3,539
11 years$5,191$4,642$4,145$3,696$3,292$3,016
12 years$4,710$4,167$3,679$3,242$2,853$2,589
13 years$4,303$3,766$3,287$2,862$2,488$2,237
14 years$3,955$3,423$2,953$2,541$2,181$1,942
15 years$3,653$3,127$2,666$2,266$1,920$1,693
16 years$3,389$2,869$2,417$2,029$1,697$1,481
17 years$3,157$2,642$2,200$1,823$1,505$1,300
18 years$2,950$2,441$2,008$1,643$1,338$1,144
19 years$2,766$2,263$1,838$1,484$1,192$1,009
20 years$2,600$2,103$1,687$1,344$1,065$891
21 years$2,450$1,958$1,552$1,220$953$789
22 years$2,314$1,828$1,430$1,109$854$699
23 years$2,190$1,710$1,321$1,010$767$621
24 years$2,077$1,602$1,221$922$689$552
25 years$1,972$1,503$1,131$842$620$491
26 years$1,876$1,413$1,049$770$559$437
27 years$1,787$1,330$974$704$504$389
28 years$1,705$1,253$906$645$455$347
29 years$1,628$1,182$843$592$410$310
30 years$1,557$1,116$785$543$371$277
31 years$1,491$1,055$732$499$335$247
32 years$1,428$999$683$458$303$221
33 years$1,370$946$638$422$274$197
34 years$1,315$896$596$388$249$177
35 years$1,264$850$557$357$225$158
36 years$1,215$807$521$329$204$141
37 years$1,169$766$488$303$185$126
38 years$1,126$728$457$279$168$113
39 years$1,085$693$428$257$152$101
40 years$1,046$659$401$237$138$91
41 years$1,009$627$376$219$125$81
42 years$974$597$353$202$113$73
43 years$941$569$331$187$103$65
44 years$909$542$311$172$93$58
45 years$879$517$292$159$85$52
46 years$850$493$274$147$77$47
47 years$822$471$257$136$70$42
48 years$796$450$242$126$64$38
49 years$771$429$227$116$58$34
50 years$747$410$214$107$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $765,000, adding $5,110 every year, while hoping to spend $22,471 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: 61/23/16 Blend
58$765,000$765,000$765,000$765,000
59$848,301$807,756$795,898$896,326
60$910,919$823,427$798,652$944,956
61$979,170$839,113$800,745$995,026
62$1,053,607$854,790$802,131$1,049,137
63$1,134,834$870,435$802,762$1,107,682
64$1,223,521$886,019$802,588$1,171,095
65$1,320,400$901,515$801,555$1,239,854
66$1,426,282$916,890$799,608$1,314,487
67$1,542,057$932,112$796,689$1,395,575
68$1,668,705$947,143$792,736$1,483,757
69$1,807,306$961,946$787,686$1,579,740
70$1,959,048$976,479$781,470$1,684,301
71$2,125,241$990,697$774,020$1,798,299
72$2,307,327$1,004,552$765,261$1,922,678
73$2,506,893$1,017,993$755,115$2,058,482
74$2,725,687$1,030,966$743,503$2,206,858
75$2,965,635$1,043,412$730,339$2,369,074
76$3,228,860$1,055,269$715,534$2,546,526
77$3,517,695$1,066,469$698,997$2,740,752
78$3,834,717$1,076,942$680,630$2,953,451
79$4,182,758$1,086,612$660,331$3,186,491
80$4,564,942$1,095,399$637,994$3,441,936
81$4,984,708$1,103,216$613,509$3,722,059
82$5,445,845$1,109,971$586,759$4,029,365
83$5,952,529$1,115,567$557,623$4,366,618
84$6,509,358$1,119,900$525,974$4,736,862
85$7,121,397$1,122,860$491,679$5,143,456
86$7,794,230$1,124,330$454,601$5,590,099
87$8,534,004$1,124,185$414,593$6,080,873
88$9,347,496$1,122,293$371,505$6,620,274
89$10,242,168$1,118,514$325,178$7,213,260
90$11,226,246$1,112,698$275,449$7,865,296
91$12,308,791$1,104,688$222,143$8,582,408
92$13,499,785$1,094,315$165,083$9,371,235
93$14,810,229$1,081,402$104,079$10,239,099
94$16,252,242$1,065,761$38,935$11,194,068
95$17,839,179$1,047,191$0$12,245,038
96$19,585,753$1,025,481$0$13,407,036
97$21,508,178$1,000,408$0$14,693,080
98$23,624,317$971,733$0$16,108,467
99$25,953,855$939,206$0$17,666,370
100$28,518,482$902,560$0$19,381,303