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%16%
1 years$63,338$62,774$62,224$61,686$61,162$59,659
2 years$31,356$30,772$30,206$29,657$29,125$27,620
3 years$20,696$20,110$19,545$19,001$18,478$17,018
4 years$15,367$14,783$14,224$13,689$13,179$11,775
5 years$12,171$11,590$11,038$10,515$10,018$8,675
6 years$10,041$9,464$8,921$8,409$7,927$6,645
7 years$8,520$7,948$7,413$6,913$6,447$5,227
8 years$7,380$6,813$6,287$5,799$5,348$4,190
9 years$6,493$5,932$5,415$4,940$4,504$3,405
10 years$5,784$5,229$4,721$4,258$3,838$2,798
11 years$5,205$4,655$4,156$3,706$3,300$2,318
12 years$4,722$4,178$3,688$3,251$2,860$1,934
13 years$4,314$3,775$3,295$2,870$2,494$1,622
14 years$3,965$3,432$2,961$2,547$2,186$1,366
15 years$3,663$3,135$2,673$2,272$1,925$1,155
16 years$3,398$2,876$2,424$2,034$1,701$979
17 years$3,165$2,649$2,206$1,828$1,508$832
18 years$2,958$2,448$2,013$1,647$1,341$709
19 years$2,773$2,269$1,843$1,488$1,196$605
20 years$2,607$2,108$1,692$1,348$1,068$517
21 years$2,457$1,964$1,556$1,223$956$442
22 years$2,320$1,833$1,434$1,112$857$379
23 years$2,196$1,714$1,324$1,013$769$325
24 years$2,082$1,606$1,224$924$691$279
25 years$1,977$1,507$1,134$844$622$239
26 years$1,881$1,417$1,052$772$560$206
27 years$1,792$1,333$977$706$505$177
28 years$1,709$1,256$908$647$456$152
29 years$1,633$1,185$845$593$412$131
30 years$1,561$1,119$787$545$372$112
31 years$1,495$1,058$734$500$336$97
32 years$1,432$1,001$685$460$304$83
33 years$1,374$948$639$423$275$72
34 years$1,319$899$597$389$249$62
35 years$1,267$852$558$358$226$53
36 years$1,218$809$522$330$204$46
37 years$1,172$768$489$304$185$40
38 years$1,129$730$458$280$168$34
39 years$1,088$694$429$258$152$29
40 years$1,049$661$402$238$138$25
41 years$1,012$629$377$220$125$22
42 years$977$599$354$203$114$19
43 years$943$571$332$187$103$16
44 years$911$544$311$173$94$14
45 years$881$519$292$160$85$12
46 years$852$495$275$147$77$10
47 years$825$472$258$136$70$9
48 years$798$451$243$126$64$8
49 years$773$430$228$116$58$7
50 years$749$411$214$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $767,000, adding $2,330 every year, while hoping to spend $45,240 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: 54/28/18 Blend
58$767,000$767,000$767,000$767,000
59$847,637$806,986$795,098$889,172
60$885,961$798,394$773,599$909,237
61$926,678$787,864$749,863$926,071
62$969,984$775,254$723,768$943,401
63$1,016,094$760,413$695,186$961,284
64$1,065,243$743,180$663,982$979,790
65$1,117,688$723,387$630,016$998,995
66$1,173,713$700,853$593,142$1,018,988
67$1,233,625$675,389$553,206$1,039,869
68$1,297,765$646,793$510,048$1,061,751
69$1,366,504$614,852$463,502$1,084,761
70$1,440,250$579,342$413,391$1,109,043
71$1,519,450$540,025$359,535$1,134,761
72$1,604,596$496,648$301,741$1,162,097
73$1,696,227$448,946$239,811$1,191,258
74$1,794,935$396,637$173,538$1,222,474
75$1,901,370$339,425$102,704$1,256,005
76$2,016,248$276,994$27,082$1,292,142
77$2,140,353$209,014$0$1,331,211
78$2,274,547$135,135$0$1,383,875
79$2,419,779$54,985$0$1,446,463
80$2,577,092$0$0$1,514,275
81$2,747,632$0$0$1,597,677
82$2,932,658$0$0$1,706,604
83$3,133,557$0$0$1,824,941
84$3,351,853$0$0$1,953,592
85$3,589,224$0$0$2,093,554
86$3,847,514$0$0$2,245,924
87$4,128,754$0$0$2,411,909
88$4,435,177$0$0$2,592,837
89$4,769,243$0$0$2,790,170
90$5,133,655$0$0$3,005,515
91$5,531,393$0$0$3,240,644
92$5,965,735$0$0$3,497,507
93$6,440,289$0$0$3,778,248
94$6,959,028$0$0$4,085,231
95$7,526,327$0$0$4,421,056
96$8,147,000$0$0$4,788,588
97$8,826,351$0$0$5,190,981
98$9,570,219$0$0$5,631,708
99$10,385,034$0$0$6,114,593
100$11,277,878$0$0$6,643,849