Can I retire at age 59 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$63,338$62,774$62,224$61,686$61,162$59,323
2 years$31,356$30,772$30,206$29,657$29,125$27,287
3 years$20,696$20,110$19,545$19,001$18,478$16,700
4 years$15,367$14,783$14,224$13,689$13,179$11,474
5 years$12,171$11,590$11,038$10,515$10,018$8,391
6 years$10,041$9,464$8,921$8,409$7,927$6,379
7 years$8,520$7,948$7,413$6,913$6,447$4,977
8 years$7,380$6,813$6,287$5,799$5,348$3,957
9 years$6,493$5,932$5,415$4,940$4,504$3,189
10 years$5,784$5,229$4,721$4,258$3,838$2,598
11 years$5,205$4,655$4,156$3,706$3,300$2,133
12 years$4,722$4,178$3,688$3,251$2,860$1,763
13 years$4,314$3,775$3,295$2,870$2,494$1,465
14 years$3,965$3,432$2,961$2,547$2,186$1,222
15 years$3,663$3,135$2,673$2,272$1,925$1,023
16 years$3,398$2,876$2,424$2,034$1,701$859
17 years$3,165$2,649$2,206$1,828$1,508$722
18 years$2,958$2,448$2,013$1,647$1,341$609
19 years$2,773$2,269$1,843$1,488$1,196$514
20 years$2,607$2,108$1,692$1,348$1,068$435
21 years$2,457$1,964$1,556$1,223$956$368
22 years$2,320$1,833$1,434$1,112$857$312
23 years$2,196$1,714$1,324$1,013$769$264
24 years$2,082$1,606$1,224$924$691$224
25 years$1,977$1,507$1,134$844$622$191
26 years$1,881$1,417$1,052$772$560$162
27 years$1,792$1,333$977$706$505$138
28 years$1,709$1,256$908$647$456$117
29 years$1,633$1,185$845$593$412$99
30 years$1,561$1,119$787$545$372$85
31 years$1,495$1,058$734$500$336$72
32 years$1,432$1,001$685$460$304$61
33 years$1,374$948$639$423$275$52
34 years$1,319$899$597$389$249$44
35 years$1,267$852$558$358$226$38
36 years$1,218$809$522$330$204$32
37 years$1,172$768$489$304$185$27
38 years$1,129$730$458$280$168$23
39 years$1,088$694$429$258$152$20
40 years$1,049$661$402$238$138$17
41 years$1,012$629$377$220$125$14
42 years$977$599$354$203$114$12
43 years$943$571$332$187$103$10
44 years$911$544$311$173$94$9
45 years$881$519$292$160$85$8
46 years$852$495$275$147$77$6
47 years$825$472$258$136$70$5
48 years$798$451$243$126$64$5
49 years$773$430$228$116$58$4
50 years$749$411$214$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $767,000, adding $3,146 every year, while hoping to spend $46,236 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: 38/32/30 Blend
58$767,000$767,000$767,000$767,000
59$848,479$807,828$795,940$873,053
60$885,829$798,217$773,409$881,863
61$925,439$786,585$748,574$886,946
62$967,491$772,785$721,308$891,572
63$1,012,184$756,660$691,480$895,733
64$1,059,734$738,044$658,952$899,421
65$1,110,381$716,761$623,581$902,631
66$1,164,383$692,626$585,214$905,365
67$1,222,027$665,442$543,696$907,627
68$1,283,626$635,001$498,862$909,426
69$1,349,522$601,082$450,540$910,781
70$1,420,090$563,452$398,550$911,713
71$1,495,743$521,865$342,705$912,255
72$1,576,934$476,061$282,810$912,449
73$1,664,157$425,764$218,661$912,347
74$1,757,958$370,683$150,043$912,012
75$1,858,934$310,512$76,734$911,523
76$1,967,743$244,924$0$910,975
77$2,085,105$173,577$0$910,958
78$2,211,812$96,109$0$937,368
79$2,348,735$12,136$0$965,853
80$2,496,830$0$0$996,677
81$2,657,151$0$0$1,057,864
82$2,830,851$0$0$1,128,876
83$3,019,203$0$0$1,205,968
84$3,223,605$0$0$1,289,725
85$3,445,593$0$0$1,380,789
86$3,686,859$0$0$1,479,866
87$3,949,264$0$0$1,587,733
88$4,234,854$0$0$1,705,246
89$4,545,881$0$0$1,833,345
90$4,884,824$0$0$1,973,067
91$5,254,410$0$0$2,125,551
92$5,657,640$0$0$2,292,052
93$6,097,820$0$0$2,473,951
94$6,578,585$0$0$2,672,770
95$7,103,940$0$0$2,890,182
96$7,678,293$0$0$3,128,031
97$8,306,497$0$0$3,388,347
98$8,993,897$0$0$3,673,365
99$9,746,375$0$0$3,985,546
100$10,570,411$0$0$4,327,600