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%13.7%
1 years$63,916$63,347$62,791$62,249$61,720$60,772
2 years$31,642$31,052$30,481$29,928$29,390$28,438
3 years$20,885$20,293$19,723$19,175$18,646$17,719
4 years$15,508$14,918$14,354$13,814$13,299$12,403
5 years$12,282$11,696$11,139$10,611$10,110$9,249
6 years$10,132$9,550$9,002$8,486$7,999$7,174
7 years$8,597$8,020$7,481$6,976$6,506$5,716
8 years$7,447$6,875$6,344$5,852$5,397$4,643
9 years$6,552$5,986$5,464$4,985$4,545$3,827
10 years$5,837$5,276$4,764$4,297$3,873$3,189
11 years$5,253$4,697$4,194$3,740$3,331$2,681
12 years$4,766$4,216$3,722$3,280$2,886$2,270
13 years$4,354$3,810$3,325$2,896$2,517$1,933
14 years$4,001$3,463$2,988$2,571$2,206$1,654
15 years$3,696$3,164$2,698$2,293$1,943$1,420
16 years$3,429$2,903$2,446$2,053$1,717$1,224
17 years$3,194$2,673$2,226$1,844$1,522$1,058
18 years$2,985$2,470$2,032$1,662$1,354$916
19 years$2,798$2,289$1,860$1,502$1,206$795
20 years$2,631$2,127$1,707$1,360$1,078$692
21 years$2,479$1,981$1,570$1,235$964$602
22 years$2,341$1,850$1,447$1,122$864$525
23 years$2,216$1,730$1,336$1,022$776$458
24 years$2,101$1,621$1,236$932$697$400
25 years$1,995$1,521$1,144$851$628$350
26 years$1,898$1,430$1,061$779$565$306
27 years$1,808$1,345$986$713$510$268
28 years$1,725$1,268$916$653$460$235
29 years$1,648$1,196$853$599$415$206
30 years$1,576$1,129$794$550$375$181
31 years$1,508$1,068$740$505$339$159
32 years$1,445$1,010$691$464$307$139
33 years$1,386$957$645$427$278$122
34 years$1,331$907$603$392$251$107
35 years$1,278$860$563$361$228$94
36 years$1,229$816$527$333$206$83
37 years$1,183$775$493$307$187$73
38 years$1,139$737$462$283$170$64
39 years$1,098$701$433$261$154$56
40 years$1,058$667$406$240$139$49
41 years$1,021$635$380$222$127$43
42 years$985$604$357$205$115$38
43 years$952$576$335$189$104$33
44 years$920$549$314$174$95$29
45 years$889$523$295$161$86$26
46 years$860$499$277$149$78$23
47 years$832$476$260$137$71$20
48 years$805$455$245$127$64$18
49 years$780$434$230$117$58$15
50 years$756$415$216$108$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $774,000, adding $6,792 every year, while hoping to spend $36,645 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: 56/19/25 Blend
58$774,000$774,000$774,000$774,000
59$859,954$818,932$806,935$901,884
60$908,679$820,070$794,977$932,531
61$961,146$820,035$781,391$961,484
62$1,017,698$818,732$766,082$992,263
63$1,078,712$816,058$748,954$1,025,055
64$1,144,600$811,905$729,904$1,060,067
65$1,215,819$806,158$708,826$1,097,531
66$1,292,869$798,695$685,607$1,137,700
67$1,376,298$789,387$660,131$1,180,859
68$1,466,710$778,098$632,276$1,227,321
69$1,564,771$764,681$601,914$1,277,435
70$1,671,210$748,983$568,910$1,331,586
71$1,786,831$730,840$533,127$1,390,202
72$1,912,518$710,082$494,417$1,453,756
73$2,049,244$686,524$452,628$1,522,773
74$2,198,077$659,974$407,601$1,597,833
75$2,360,195$630,227$359,170$1,679,579
76$2,536,893$597,067$307,161$1,768,722
77$2,729,598$560,265$251,392$1,866,051
78$2,939,877$519,578$191,674$1,972,435
79$3,169,459$474,751$127,809$2,088,839
80$3,420,243$425,514$59,591$2,216,330
81$3,694,324$371,581$0$2,356,086
82$3,994,006$312,649$0$2,512,935
83$4,321,825$248,399$0$2,701,987
84$4,680,576$178,495$0$2,908,986
85$5,073,333$102,580$0$3,135,760
86$5,503,486$20,279$0$3,384,322
87$5,974,762$0$0$3,656,896
88$6,491,272$0$0$3,970,318
89$7,057,538$0$0$4,318,652
90$7,678,545$0$0$4,700,731
91$8,359,780$0$0$5,119,943
92$9,107,289$0$0$5,580,016
93$9,927,731$0$0$6,085,058
94$10,828,440$0$0$6,639,595
95$11,817,495$0$0$7,248,611
96$12,903,798$0$0$7,917,598
97$14,097,152$0$0$8,652,604
98$15,408,360$0$0$9,460,295
99$16,849,319$0$0$10,348,012
100$18,433,140$0$0$11,323,843