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%15.1%
1 years$63,338$62,774$62,224$61,686$61,162$59,878
2 years$31,356$30,772$30,206$29,657$29,125$27,837
3 years$20,696$20,110$19,545$19,001$18,478$17,227
4 years$15,367$14,783$14,224$13,689$13,179$11,974
5 years$12,171$11,590$11,038$10,515$10,018$8,863
6 years$10,041$9,464$8,921$8,409$7,927$6,823
7 years$8,520$7,948$7,413$6,913$6,447$5,394
8 years$7,380$6,813$6,287$5,799$5,348$4,346
9 years$6,493$5,932$5,415$4,940$4,504$3,552
10 years$5,784$5,229$4,721$4,258$3,838$2,935
11 years$5,205$4,655$4,156$3,706$3,300$2,446
12 years$4,722$4,178$3,688$3,251$2,860$2,052
13 years$4,314$3,775$3,295$2,870$2,494$1,731
14 years$3,965$3,432$2,961$2,547$2,186$1,467
15 years$3,663$3,135$2,673$2,272$1,925$1,248
16 years$3,398$2,876$2,424$2,034$1,701$1,065
17 years$3,165$2,649$2,206$1,828$1,508$911
18 years$2,958$2,448$2,013$1,647$1,341$781
19 years$2,773$2,269$1,843$1,488$1,196$671
20 years$2,607$2,108$1,692$1,348$1,068$578
21 years$2,457$1,964$1,556$1,223$956$498
22 years$2,320$1,833$1,434$1,112$857$429
23 years$2,196$1,714$1,324$1,013$769$371
24 years$2,082$1,606$1,224$924$691$320
25 years$1,977$1,507$1,134$844$622$277
26 years$1,881$1,417$1,052$772$560$240
27 years$1,792$1,333$977$706$505$208
28 years$1,709$1,256$908$647$456$180
29 years$1,633$1,185$845$593$412$156
30 years$1,561$1,119$787$545$372$135
31 years$1,495$1,058$734$500$336$117
32 years$1,432$1,001$685$460$304$102
33 years$1,374$948$639$423$275$88
34 years$1,319$899$597$389$249$76
35 years$1,267$852$558$358$226$66
36 years$1,218$809$522$330$204$58
37 years$1,172$768$489$304$185$50
38 years$1,129$730$458$280$168$43
39 years$1,088$694$429$258$152$38
40 years$1,049$661$402$238$138$33
41 years$1,012$629$377$220$125$28
42 years$977$599$354$203$114$25
43 years$943$571$332$187$103$21
44 years$911$544$311$173$94$19
45 years$881$519$292$160$85$16
46 years$852$495$275$147$77$14
47 years$825$472$258$136$70$12
48 years$798$451$243$126$64$11
49 years$773$430$228$116$58$9
50 years$749$411$214$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $767,000, adding $6,440 every year, while hoping to spend $43,437 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: 65/22/13 Blend
58$767,000$767,000$767,000$767,000
59$851,877$811,226$799,337$904,268
60$892,552$804,759$779,899$933,604
61$935,919$796,520$758,353$959,991
62$982,209$786,375$734,583$987,736
63$1,031,671$774,185$708,469$1,016,969
64$1,084,581$759,799$679,882$1,047,838
65$1,141,239$743,060$648,689$1,080,503
66$1,201,977$723,801$614,751$1,115,143
67$1,267,156$701,844$577,922$1,151,958
68$1,337,174$677,003$538,051$1,191,170
69$1,412,468$649,079$494,979$1,233,024
70$1,493,519$617,863$448,539$1,277,793
71$1,580,850$583,131$398,558$1,325,780
72$1,675,043$544,650$344,855$1,377,321
73$1,776,730$502,170$287,240$1,432,787
74$1,886,611$455,431$225,517$1,492,593
75$2,005,452$404,154$159,479$1,557,196
76$2,134,097$348,047$88,911$1,627,103
77$2,273,472$286,798$13,587$1,702,878
78$2,424,598$220,083$0$1,785,142
79$2,588,593$147,553$0$1,883,853
80$2,766,692$68,846$0$1,993,122
81$2,960,250$0$0$2,111,946
82$3,170,759$0$0$2,245,274
83$3,399,859$0$0$2,408,561
84$3,649,357$0$0$2,586,434
85$3,921,238$0$0$2,780,313
86$4,217,691$0$0$2,991,765
87$4,541,121$0$0$3,222,513
88$4,894,177$0$0$3,474,453
89$5,279,776$0$0$3,749,673
90$5,701,128$0$0$4,050,472
91$6,161,765$0$0$4,379,380
92$6,665,580$0$0$4,739,182
93$7,216,857$0$0$5,132,948
94$7,820,313$0$0$5,564,053
95$8,481,142$0$0$6,036,220
96$9,205,066$0$0$6,553,543
97$9,998,383$0$0$7,120,535
98$10,868,032$0$0$7,742,164
99$11,821,654$0$0$8,423,901
100$12,867,667$0$0$9,171,775