Can I retire at age 59 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$63,256$62,692$62,142$61,606$61,082$59,150
2 years$31,315$30,731$30,166$29,618$29,087$27,158
3 years$20,669$20,083$19,520$18,977$18,454$16,589
4 years$15,347$14,763$14,205$13,672$13,161$11,374
5 years$12,155$11,575$11,024$10,501$10,005$8,301
6 years$10,028$9,452$8,909$8,398$7,917$6,296
7 years$8,509$7,937$7,403$6,904$6,438$4,902
8 years$7,370$6,804$6,279$5,792$5,341$3,888
9 years$6,485$5,924$5,408$4,933$4,498$3,126
10 years$5,777$5,222$4,715$4,253$3,833$2,540
11 years$5,198$4,649$4,151$3,701$3,296$2,080
12 years$4,716$4,172$3,684$3,246$2,856$1,715
13 years$4,309$3,771$3,291$2,866$2,491$1,421
14 years$3,960$3,427$2,957$2,544$2,183$1,182
15 years$3,658$3,131$2,670$2,269$1,922$986
16 years$3,394$2,873$2,421$2,032$1,699$826
17 years$3,161$2,646$2,203$1,825$1,507$693
18 years$2,954$2,445$2,011$1,645$1,340$582
19 years$2,769$2,266$1,841$1,486$1,194$490
20 years$2,603$2,105$1,689$1,346$1,066$413
21 years$2,453$1,961$1,554$1,222$954$349
22 years$2,317$1,831$1,432$1,111$855$295
23 years$2,193$1,712$1,322$1,012$768$249
24 years$2,079$1,604$1,223$923$690$211
25 years$1,975$1,505$1,133$843$621$178
26 years$1,879$1,415$1,050$771$559$151
27 years$1,790$1,331$975$705$504$128
28 years$1,707$1,255$907$646$455$108
29 years$1,631$1,184$844$593$411$92
30 years$1,559$1,118$786$544$371$78
31 years$1,493$1,057$733$499$336$66
32 years$1,430$1,000$684$459$304$56
33 years$1,372$947$638$422$275$47
34 years$1,317$897$596$388$249$40
35 years$1,265$851$558$358$225$34
36 years$1,217$808$522$329$204$29
37 years$1,171$767$488$303$185$25
38 years$1,127$729$457$280$168$21
39 years$1,086$693$428$258$152$18
40 years$1,047$660$402$238$138$15
41 years$1,010$628$377$219$125$13
42 years$975$598$353$202$114$11
43 years$942$570$331$187$103$9
44 years$910$543$311$173$94$8
45 years$880$518$292$159$85$7
46 years$851$494$274$147$77$6
47 years$823$472$258$136$70$5
48 years$797$450$242$126$64$4
49 years$772$430$228$116$58$3
50 years$748$411$214$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $766,000, adding $2,612 every year, while hoping to spend $53,353 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: 49/36/15 Blend
58$766,000$766,000$766,000$766,000
59$846,826$806,228$794,355$884,683
60$876,435$788,966$764,199$893,797
61$907,276$769,070$731,244$897,958
62$939,419$746,355$695,341$901,304
63$972,937$720,624$656,333$903,777
64$1,007,912$691,669$614,055$905,317
65$1,044,429$659,272$568,336$905,860
66$1,082,584$623,199$518,998$905,343
67$1,122,476$583,204$465,853$903,699
68$1,164,216$539,028$408,706$900,857
69$1,207,921$490,396$347,353$896,746
70$1,253,720$437,017$281,581$891,294
71$1,301,752$378,583$211,167$884,425
72$1,352,169$314,772$135,879$876,062
73$1,405,133$245,239$55,474$866,128
74$1,460,824$169,623$0$854,541
75$1,519,435$87,541$0$846,077
76$1,581,177$0$0$845,590
77$1,646,279$0$0$844,714
78$1,714,993$0$0$880,424
79$1,787,590$0$0$918,188
80$1,864,368$0$0$958,164
81$1,945,653$0$0$1,000,526
82$2,031,799$0$0$1,045,466
83$2,123,194$0$0$1,093,190
84$2,220,262$0$0$1,143,926
85$2,323,467$0$0$1,197,923
86$2,433,316$0$0$1,255,453
87$2,550,365$0$0$1,316,815
88$2,675,222$0$0$1,382,334
89$2,808,552$0$0$1,452,370
90$2,951,087$0$0$1,527,314
91$3,103,626$0$0$1,607,596
92$3,267,048$0$0$1,693,689
93$3,442,314$0$0$1,786,110
94$3,630,481$0$0$1,885,428
95$3,832,709$0$0$1,992,265
96$4,050,269$0$0$2,107,307
97$4,284,558$0$0$2,231,307
98$4,537,112$0$0$2,365,090
99$4,809,616$0$0$2,509,563
100$5,103,921$0$0$2,665,724