Can I retire at age 59 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$63,999$63,429$62,873$62,330$61,800$61,436
2 years$31,683$31,093$30,521$29,966$29,428$29,061
3 years$20,912$20,319$19,749$19,200$18,671$18,312
4 years$15,528$14,937$14,372$13,832$13,316$12,968
5 years$12,298$11,711$11,153$10,624$10,123$9,787
6 years$10,145$9,563$9,014$8,496$8,010$7,686
7 years$8,609$8,031$7,490$6,985$6,514$6,203
8 years$7,456$6,884$6,352$5,860$5,404$5,105
9 years$6,561$5,994$5,471$4,991$4,551$4,265
10 years$5,845$5,283$4,770$4,303$3,878$3,604
11 years$5,259$4,703$4,199$3,745$3,335$3,073
12 years$4,772$4,221$3,727$3,284$2,890$2,640
13 years$4,359$3,815$3,330$2,900$2,520$2,282
14 years$4,006$3,468$2,992$2,574$2,209$1,982
15 years$3,701$3,168$2,701$2,296$1,945$1,729
16 years$3,434$2,906$2,449$2,055$1,719$1,514
17 years$3,198$2,677$2,229$1,847$1,524$1,330
18 years$2,989$2,473$2,034$1,664$1,355$1,171
19 years$2,802$2,292$1,862$1,504$1,208$1,033
20 years$2,634$2,130$1,709$1,362$1,079$914
21 years$2,482$1,984$1,572$1,236$966$810
22 years$2,344$1,852$1,449$1,124$866$718
23 years$2,219$1,732$1,338$1,024$777$638
24 years$2,104$1,623$1,237$934$698$567
25 years$1,998$1,523$1,146$853$628$505
26 years$1,901$1,431$1,063$780$566$450
27 years$1,811$1,347$987$714$510$401
28 years$1,727$1,269$917$654$460$358
29 years$1,650$1,198$854$600$416$320
30 years$1,578$1,131$795$550$376$286
31 years$1,510$1,069$741$505$340$256
32 years$1,447$1,012$692$464$307$229
33 years$1,388$958$646$427$278$204
34 years$1,332$908$603$393$252$183
35 years$1,280$861$564$362$228$164
36 years$1,231$817$528$333$207$147
37 years$1,184$776$494$307$187$131
38 years$1,140$738$463$283$170$118
39 years$1,099$702$433$261$154$106
40 years$1,060$667$406$241$140$95
41 years$1,022$635$381$222$127$85
42 years$987$605$357$205$115$76
43 years$953$577$335$189$104$68
44 years$921$550$315$175$95$61
45 years$890$524$296$161$86$55
46 years$861$500$278$149$78$49
47 years$833$477$261$138$71$44
48 years$807$455$245$127$64$40
49 years$781$435$230$118$58$35
50 years$757$415$217$109$53$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $775,000, adding $3,727 every year, while hoping to spend $44,552 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: 54/30/16 Blend
58$775,000$775,000$775,000$775,000
59$857,894$816,819$804,807$900,363
60$897,997$809,441$784,365$922,375
61$940,696$800,207$761,745$941,251
62$986,211$788,981$736,827$960,798
63$1,034,779$775,616$709,486$981,092
64$1,086,663$759,957$679,589$1,002,219
65$1,142,148$741,840$647,001$1,024,274
66$1,201,549$721,093$611,578$1,047,366
67$1,265,210$697,529$573,169$1,071,619
68$1,333,510$670,957$531,618$1,097,168
69$1,406,862$641,168$486,762$1,124,171
70$1,485,723$607,946$438,429$1,152,800
71$1,570,591$571,059$386,441$1,183,251
72$1,662,015$530,265$330,611$1,215,744
73$1,760,598$485,306$270,744$1,250,523
74$1,867,002$435,909$206,637$1,287,864
75$1,981,954$381,786$138,077$1,328,074
76$2,106,254$322,634$64,843$1,371,495
77$2,240,779$258,131$0$1,418,513
78$2,386,497$187,937$0$1,471,826
79$2,544,468$111,694$0$1,541,602
80$2,715,860$29,023$0$1,617,335
81$2,901,957$0$0$1,699,663
82$3,104,173$0$0$1,809,256
83$3,324,061$0$0$1,938,911
84$3,563,329$0$0$2,080,061
85$3,823,860$0$0$2,233,825
86$4,107,723$0$0$2,401,433
87$4,417,195$0$0$2,584,240
88$4,754,784$0$0$2,783,735
89$5,123,249$0$0$3,001,560
90$5,525,626$0$0$3,239,521
91$5,965,260$0$0$3,499,605
92$6,445,831$0$0$3,784,002
93$6,971,392$0$0$4,095,121
94$7,546,405$0$0$4,435,618
95$8,175,783$0$0$4,808,412
96$8,864,936$0$0$5,216,723
97$9,619,823$0$0$5,664,095
98$10,447,004$0$0$6,154,429
99$11,353,705$0$0$6,692,024
100$12,347,884$0$0$7,281,613