Can I retire at age 59 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$63,503$62,938$62,386$61,847$61,321$60,256
2 years$31,437$30,852$30,284$29,734$29,201$28,131
3 years$20,750$20,162$19,596$19,051$18,526$17,485
4 years$15,407$14,821$14,261$13,725$13,213$12,209
5 years$12,203$11,620$11,067$10,542$10,044$9,080
6 years$10,067$9,489$8,944$8,431$7,948$7,024
7 years$8,542$7,969$7,432$6,931$6,464$5,581
8 years$7,399$6,830$6,303$5,815$5,362$4,520
9 years$6,510$5,947$5,429$4,953$4,516$3,714
10 years$5,800$5,242$4,733$4,269$3,848$3,086
11 years$5,219$4,667$4,167$3,716$3,309$2,586
12 years$4,735$4,189$3,698$3,259$2,868$2,183
13 years$4,326$3,785$3,304$2,877$2,501$1,852
14 years$3,975$3,441$2,969$2,554$2,192$1,580
15 years$3,672$3,143$2,680$2,278$1,930$1,352
16 years$3,407$2,884$2,430$2,040$1,706$1,161
17 years$3,173$2,656$2,211$1,832$1,512$1,000
18 years$2,966$2,454$2,019$1,651$1,345$863
19 years$2,780$2,274$1,848$1,492$1,199$746
20 years$2,614$2,114$1,696$1,351$1,071$647
21 years$2,463$1,969$1,560$1,227$958$561
22 years$2,326$1,838$1,438$1,115$859$487
23 years$2,202$1,719$1,327$1,016$771$424
24 years$2,087$1,610$1,228$926$693$369
25 years$1,983$1,511$1,137$846$624$321
26 years$1,886$1,420$1,055$774$562$280
27 years$1,797$1,337$979$708$506$244
28 years$1,714$1,260$910$649$457$213
29 years$1,637$1,188$847$595$413$186
30 years$1,565$1,122$789$546$373$162
31 years$1,498$1,061$736$501$337$142
32 years$1,436$1,004$686$461$305$124
33 years$1,377$951$641$424$276$108
34 years$1,322$901$599$390$250$95
35 years$1,270$855$560$359$226$83
36 years$1,221$811$524$331$205$72
37 years$1,175$770$490$305$186$63
38 years$1,132$732$459$281$168$55
39 years$1,090$696$430$259$153$49
40 years$1,051$662$403$239$139$42
41 years$1,014$630$378$220$126$37
42 years$979$600$355$203$114$33
43 years$946$572$333$188$104$28
44 years$914$545$312$173$94$25
45 years$883$520$293$160$85$22
46 years$854$496$275$148$77$19
47 years$827$473$259$137$70$17
48 years$800$452$243$126$64$15
49 years$775$432$229$117$58$13
50 years$751$412$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $769,000, adding $2,067 every year, while hoping to spend $29,989 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: 38/43/19 Blend
58$769,000$769,000$769,000$769,000
59$849,570$808,813$796,894$876,938
60$904,318$816,537$791,681$904,578
61$963,645$823,634$785,290$931,435
62$1,027,987$830,042$777,647$959,837
63$1,097,823$835,695$768,679$989,941
64$1,173,678$840,521$758,307$1,021,920
65$1,256,133$844,447$746,450$1,055,966
66$1,345,825$847,391$733,022$1,092,294
67$1,443,454$849,268$717,934$1,131,141
68$1,549,793$849,989$701,091$1,172,772
69$1,665,690$849,456$682,396$1,217,480
70$1,792,080$847,569$661,746$1,265,588
71$1,929,991$844,219$639,033$1,317,460
72$2,080,556$839,291$614,146$1,373,494
73$2,245,019$832,664$586,967$1,434,135
74$2,424,754$824,207$557,373$1,499,874
75$2,621,270$813,784$525,236$1,571,258
76$2,836,231$801,251$490,423$1,648,891
77$3,071,466$786,452$452,792$1,733,443
78$3,328,992$769,225$412,197$1,825,655
79$3,611,030$749,397$368,486$1,926,351
80$3,920,024$726,786$321,499$2,036,439
81$4,258,666$701,198$271,069$2,156,928
82$4,629,921$672,429$217,021$2,288,932
83$5,037,057$640,261$159,175$2,433,687
84$5,483,668$604,466$97,339$2,592,558
85$5,973,719$564,801$31,316$2,767,055
86$6,511,572$521,010$0$2,958,851
87$7,102,035$472,822$0$3,177,728
88$7,750,403$419,951$0$3,425,088
89$8,462,510$362,094$0$3,696,880
90$9,244,780$298,931$0$3,995,652
91$10,104,294$230,125$0$4,324,213
92$11,048,849$155,318$0$4,685,670
93$12,087,037$74,135$0$5,083,449
94$13,228,324$0$0$5,521,335
95$14,483,136$0$0$6,010,045
96$15,862,964$0$0$6,586,132
97$17,380,464$0$0$7,219,816
98$19,049,583$0$0$7,916,935
99$20,885,685$0$0$8,683,923
100$22,905,701$0$0$9,527,867