Can I retire at age 59 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$63,668$63,101$62,548$62,008$61,481$60,965
2 years$31,519$30,932$30,363$29,812$29,276$28,757
3 years$20,804$20,214$19,647$19,101$18,574$18,067
4 years$15,447$14,860$14,298$13,761$13,247$12,756
5 years$12,234$11,650$11,096$10,570$10,070$9,597
6 years$10,093$9,513$8,967$8,453$7,968$7,513
7 years$8,564$7,989$7,452$6,949$6,480$6,043
8 years$7,418$6,848$6,320$5,830$5,376$4,957
9 years$6,527$5,963$5,443$4,966$4,527$4,126
10 years$5,815$5,256$4,745$4,280$3,858$3,474
11 years$5,232$4,679$4,178$3,725$3,318$2,952
12 years$4,747$4,200$3,708$3,268$2,875$2,526
13 years$4,337$3,795$3,313$2,885$2,507$2,175
14 years$3,986$3,450$2,976$2,561$2,198$1,882
15 years$3,682$3,151$2,687$2,284$1,935$1,635
16 years$3,416$2,891$2,436$2,045$1,710$1,426
17 years$3,182$2,663$2,217$1,837$1,516$1,247
18 years$2,973$2,461$2,024$1,656$1,348$1,094
19 years$2,788$2,280$1,853$1,496$1,202$961
20 years$2,620$2,119$1,700$1,355$1,073$846
21 years$2,469$1,974$1,564$1,230$961$746
22 years$2,332$1,842$1,441$1,118$861$659
23 years$2,207$1,723$1,331$1,018$773$583
24 years$2,093$1,615$1,231$929$695$516
25 years$1,988$1,515$1,140$848$625$457
26 years$1,891$1,424$1,057$776$563$406
27 years$1,801$1,340$982$710$508$360
28 years$1,718$1,263$913$650$458$320
29 years$1,641$1,191$849$596$414$284
30 years$1,569$1,125$791$547$374$253
31 years$1,502$1,064$738$503$338$225
32 years$1,440$1,006$688$462$306$200
33 years$1,381$953$643$425$277$178
34 years$1,325$903$600$391$250$159
35 years$1,274$857$561$360$227$141
36 years$1,225$813$525$331$206$126
37 years$1,178$772$491$305$186$112
38 years$1,135$734$460$281$169$100
39 years$1,093$698$431$260$153$89
40 years$1,054$664$404$239$139$79
41 years$1,017$632$379$221$126$71
42 years$982$602$355$204$114$63
43 years$948$574$334$188$104$56
44 years$916$547$313$174$94$50
45 years$886$521$294$160$86$45
46 years$857$497$276$148$78$40
47 years$829$475$259$137$71$36
48 years$802$453$244$127$64$32
49 years$777$433$229$117$58$28
50 years$753$413$215$108$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $771,000, adding $3,510 every year, while hoping to spend $41,544 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: 80/7/13 Blend
58$771,000$771,000$771,000$771,000
59$853,263$812,400$800,449$919,111
60$896,093$808,005$783,062$958,487
61$941,899$802,002$763,699$995,952
62$990,942$794,269$742,252$1,035,867
63$1,043,506$784,676$718,605$1,078,458
64$1,099,902$773,084$692,638$1,123,974
65$1,160,475$759,348$664,224$1,172,690
66$1,225,601$743,313$633,232$1,224,908
67$1,295,692$724,815$599,526$1,280,964
68$1,371,203$703,681$562,960$1,341,224
69$1,452,631$679,727$523,384$1,406,094
70$1,540,524$652,758$480,642$1,476,022
71$1,635,483$622,570$434,570$1,551,501
72$1,738,170$588,943$384,996$1,633,076
73$1,849,311$551,649$331,740$1,721,344
74$1,969,704$510,443$274,617$1,816,969
75$2,100,228$465,069$213,431$1,920,678
76$2,241,849$415,254$147,978$2,033,277
77$2,395,627$360,712$78,045$2,155,652
78$2,562,732$301,138$3,411$2,288,780
79$2,744,449$236,211$0$2,433,741
80$2,942,190$165,593$0$2,602,298
81$3,157,512$88,926$0$2,786,380
82$3,392,126$5,831$0$2,986,994
83$3,647,916$0$0$3,205,772
84$3,926,955$0$0$3,450,987
85$4,231,526$0$0$3,719,149
86$4,564,139$0$0$4,012,023
87$4,927,559$0$0$4,332,045
88$5,324,832$0$0$4,681,900
89$5,759,309$0$0$5,064,542
90$6,234,680$0$0$5,483,224
91$6,755,008$0$0$5,941,527
92$7,324,768$0$0$6,443,396
93$7,948,886$0$0$6,993,174
94$8,632,791$0$0$7,595,645
95$9,382,456$0$0$8,256,077
96$10,204,465$0$0$8,980,272
97$11,106,066$0$0$9,774,620
98$12,095,244$0$0$10,646,160
99$13,180,794$0$0$11,602,645
100$14,372,402$0$0$12,652,614