Can I retire at age 59 with 773,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$63,834$63,265$62,710$62,169$61,640$59,335
2 years$31,601$31,012$30,442$29,889$29,352$27,057
3 years$20,858$20,267$19,698$19,150$18,622$16,408
4 years$15,488$14,898$14,335$13,797$13,282$11,165
5 years$12,266$11,680$11,125$10,597$10,096$8,084
6 years$10,119$9,538$8,990$8,475$7,989$6,082
7 years$8,586$8,010$7,471$6,967$6,497$4,694
8 years$7,437$6,866$6,336$5,845$5,390$3,690
9 years$6,544$5,978$5,457$4,978$4,539$2,940
10 years$5,830$5,269$4,758$4,291$3,868$2,366
11 years$5,246$4,691$4,189$3,735$3,326$1,919
12 years$4,759$4,210$3,717$3,276$2,882$1,566
13 years$4,348$3,805$3,321$2,892$2,514$1,284
14 years$3,996$3,459$2,984$2,567$2,203$1,057
15 years$3,691$3,160$2,694$2,290$1,940$873
16 years$3,425$2,899$2,443$2,050$1,715$723
17 years$3,190$2,670$2,223$1,842$1,520$600
18 years$2,981$2,467$2,029$1,660$1,352$499
19 years$2,795$2,286$1,858$1,500$1,205$415
20 years$2,627$2,125$1,705$1,359$1,076$346
21 years$2,476$1,979$1,568$1,233$963$289
22 years$2,338$1,847$1,445$1,121$863$241
23 years$2,213$1,728$1,334$1,021$775$201
24 years$2,098$1,619$1,234$931$697$168
25 years$1,993$1,519$1,143$850$627$141
26 years$1,896$1,428$1,060$778$565$118
27 years$1,806$1,344$984$712$509$98
28 years$1,723$1,266$915$652$459$82
29 years$1,646$1,194$852$598$415$69
30 years$1,573$1,128$793$549$375$58
31 years$1,506$1,066$739$504$339$48
32 years$1,443$1,009$690$463$306$41
33 years$1,384$956$644$426$277$34
34 years$1,329$906$602$392$251$28
35 years$1,277$859$563$361$227$24
36 years$1,228$815$526$332$206$20
37 years$1,181$774$493$306$187$17
38 years$1,138$736$461$282$169$14
39 years$1,096$700$432$260$154$12
40 years$1,057$666$405$240$139$10
41 years$1,020$634$380$221$126$8
42 years$984$604$356$204$115$7
43 years$950$575$334$189$104$6
44 years$918$548$314$174$94$5
45 years$888$523$295$161$86$4
46 years$859$499$277$149$78$3
47 years$831$476$260$137$71$3
48 years$804$454$244$127$64$2
49 years$779$434$230$117$58$2
50 years$755$414$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $773,000, adding $2,442 every year, while hoping to spend $25,166 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: 38/48/14 Blend
58$773,000$773,000$773,000$773,000
59$854,365$813,396$801,414$883,123
60$914,734$826,476$801,485$916,961
61$980,417$839,353$800,715$950,896
62$1,051,929$851,992$799,049$987,023
63$1,129,839$864,352$796,430$1,025,553
64$1,214,769$876,392$792,797$1,066,718
65$1,307,408$888,067$788,088$1,110,772
66$1,408,510$899,330$782,236$1,158,000
67$1,518,910$910,128$775,172$1,208,714
68$1,639,522$920,408$766,824$1,263,260
69$1,771,355$930,110$757,115$1,322,019
70$1,915,521$939,173$745,965$1,385,415
71$2,073,241$947,529$733,292$1,453,913
72$2,245,862$955,109$719,008$1,528,029
73$2,434,867$961,836$703,022$1,608,332
74$2,641,888$967,631$685,238$1,695,454
75$2,868,723$972,407$665,556$1,790,088
76$3,117,352$976,074$643,871$1,893,003
77$3,389,956$978,536$620,075$2,005,048
78$3,688,937$979,690$594,053$2,127,160
79$4,016,940$979,425$565,685$2,260,375
80$4,376,878$977,628$534,846$2,405,838
81$4,771,962$974,174$501,405$2,564,810
82$5,205,726$968,933$465,227$2,738,688
83$5,682,066$961,766$426,167$2,929,012
84$6,205,271$952,527$384,078$3,137,483
85$6,780,068$941,060$338,804$3,365,979
86$7,411,662$927,199$290,181$3,616,574
87$8,105,790$910,770$238,041$3,891,556
88$8,868,770$891,587$182,205$4,193,455
89$9,707,564$869,455$122,488$4,525,058
90$10,629,842$844,164$58,698$4,889,446
91$11,644,054$815,496$0$5,290,017
92$12,759,509$783,217$0$5,731,923
93$13,986,465$747,081$0$6,227,351
94$15,336,223$706,827$0$6,772,124
95$16,821,235$662,179$0$7,371,319
96$18,455,222$612,846$0$8,030,533
97$20,253,299$558,520$0$8,755,941
98$22,232,122$498,874$0$9,554,354
99$24,410,045$433,565$0$10,433,284
100$26,807,289$362,229$0$11,401,014