Can I retire at age 59 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,916$63,347$62,791$62,249$61,720$60,697
2 years$31,642$31,052$30,481$29,928$29,390$28,363
3 years$20,885$20,293$19,723$19,175$18,646$17,647
4 years$15,508$14,918$14,354$13,814$13,299$12,334
5 years$12,282$11,696$11,139$10,611$10,110$9,183
6 years$10,132$9,550$9,002$8,486$7,999$7,111
7 years$8,597$8,020$7,481$6,976$6,506$5,657
8 years$7,447$6,875$6,344$5,852$5,397$4,587
9 years$6,552$5,986$5,464$4,985$4,545$3,773
10 years$5,837$5,276$4,764$4,297$3,873$3,139
11 years$5,253$4,697$4,194$3,740$3,331$2,634
12 years$4,766$4,216$3,722$3,280$2,886$2,226
13 years$4,354$3,810$3,325$2,896$2,517$1,892
14 years$4,001$3,463$2,988$2,571$2,206$1,615
15 years$3,696$3,164$2,698$2,293$1,943$1,384
16 years$3,429$2,903$2,446$2,053$1,717$1,191
17 years$3,194$2,673$2,226$1,844$1,522$1,027
18 years$2,985$2,470$2,032$1,662$1,354$887
19 years$2,798$2,289$1,860$1,502$1,206$769
20 years$2,631$2,127$1,707$1,360$1,078$667
21 years$2,479$1,981$1,570$1,235$964$579
22 years$2,341$1,850$1,447$1,122$864$504
23 years$2,216$1,730$1,336$1,022$776$439
24 years$2,101$1,621$1,236$932$697$383
25 years$1,995$1,521$1,144$851$628$334
26 years$1,898$1,430$1,061$779$565$291
27 years$1,808$1,345$986$713$510$254
28 years$1,725$1,268$916$653$460$222
29 years$1,648$1,196$853$599$415$194
30 years$1,576$1,129$794$550$375$170
31 years$1,508$1,068$740$505$339$149
32 years$1,445$1,010$691$464$307$130
33 years$1,386$957$645$427$278$114
34 years$1,331$907$603$392$251$100
35 years$1,278$860$563$361$228$88
36 years$1,229$816$527$333$206$77
37 years$1,183$775$493$307$187$67
38 years$1,139$737$462$283$170$59
39 years$1,098$701$433$261$154$52
40 years$1,058$667$406$240$139$45
41 years$1,021$635$380$222$127$40
42 years$985$604$357$205$115$35
43 years$952$576$335$189$104$30
44 years$920$549$314$174$95$27
45 years$889$523$295$161$86$23
46 years$860$499$277$149$78$21
47 years$832$476$260$137$71$18
48 years$805$455$245$127$64$16
49 years$780$434$230$117$58$14
50 years$756$415$216$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $774,000, adding $3,888 every year, while hoping to spend $27,524 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: 68/14/18 Blend
58$774,000$774,000$774,000$774,000
59$856,958$815,936$803,939$911,226
60$915,083$826,632$801,586$958,653
61$978,214$836,929$798,231$1,006,925
62$1,046,832$846,779$793,813$1,059,048
63$1,121,468$856,131$788,265$1,115,399
64$1,202,704$864,928$781,518$1,176,395
65$1,291,183$873,112$773,501$1,242,493
66$1,387,608$880,619$764,139$1,314,200
67$1,492,758$887,384$753,352$1,392,073
68$1,607,488$893,333$741,057$1,476,728
69$1,732,737$898,392$727,168$1,568,841
70$1,869,542$902,479$711,594$1,669,160
71$2,019,043$905,509$694,240$1,778,511
72$2,182,496$907,389$675,008$1,897,801
73$2,361,283$908,024$653,793$2,028,033
74$2,556,926$907,308$630,486$2,170,313
75$2,771,100$905,134$604,975$2,325,858
76$3,005,650$901,384$577,141$2,496,013
77$3,262,610$895,935$546,858$2,682,260
78$3,544,217$888,657$513,998$2,886,231
79$3,852,935$879,409$478,426$3,109,729
80$4,191,480$868,046$439,998$3,354,741
81$4,562,841$854,410$398,568$3,623,455
82$4,970,312$838,337$353,981$3,918,288
83$5,417,519$819,651$306,075$4,241,901
84$5,908,459$798,167$254,682$4,597,231
85$6,447,533$773,688$199,625$4,987,514
86$7,039,590$746,007$140,720$5,416,319
87$7,689,970$714,903$77,776$5,887,580
88$8,404,557$680,144$10,593$6,405,636
89$9,189,835$641,484$0$6,975,268
90$10,052,943$598,661$0$7,613,486
91$11,001,749$551,401$0$8,317,300
92$12,044,920$499,413$0$9,091,126
93$13,192,006$442,389$0$9,942,073
94$14,453,528$380,003$0$10,877,979
95$15,841,077$311,912$0$11,907,478
96$17,367,425$237,754$0$13,040,087
97$19,046,642$157,144$0$14,286,295
98$20,894,234$69,678$0$15,657,660
99$22,927,282$0$0$17,166,919
100$25,164,609$0$0$18,831,973