Can I retire at age 59 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$64,081$63,511$62,954$62,410$61,879$60,359
2 years$31,723$31,133$30,560$30,005$29,466$27,944
3 years$20,939$20,346$19,774$19,224$18,695$17,218
4 years$15,548$14,956$14,391$13,850$13,333$11,913
5 years$12,314$11,726$11,168$10,638$10,136$8,777
6 years$10,159$9,575$9,025$8,507$8,020$6,723
7 years$8,620$8,041$7,500$6,994$6,522$5,288
8 years$7,466$6,893$6,361$5,867$5,411$4,239
9 years$6,569$6,001$5,478$4,998$4,557$3,445
10 years$5,852$5,290$4,776$4,308$3,883$2,831
11 years$5,266$4,709$4,205$3,749$3,339$2,346
12 years$4,778$4,227$3,732$3,289$2,894$1,957
13 years$4,365$3,820$3,334$2,903$2,523$1,641
14 years$4,012$3,472$2,996$2,577$2,212$1,382
15 years$3,706$3,172$2,705$2,299$1,948$1,168
16 years$3,438$2,910$2,452$2,058$1,721$991
17 years$3,202$2,680$2,231$1,849$1,526$842
18 years$2,993$2,476$2,037$1,666$1,357$717
19 years$2,806$2,295$1,865$1,506$1,210$612
20 years$2,637$2,133$1,711$1,364$1,080$523
21 years$2,485$1,987$1,574$1,238$967$448
22 years$2,347$1,854$1,451$1,125$867$383
23 years$2,222$1,734$1,340$1,025$778$329
24 years$2,106$1,625$1,239$935$699$282
25 years$2,001$1,525$1,147$854$629$242
26 years$1,903$1,433$1,064$781$567$208
27 years$1,813$1,349$988$714$511$179
28 years$1,730$1,271$919$655$461$154
29 years$1,652$1,199$855$600$416$132
30 years$1,580$1,132$796$551$376$114
31 years$1,512$1,070$742$506$340$98
32 years$1,449$1,013$693$465$308$84
33 years$1,390$959$647$428$278$73
34 years$1,334$909$604$393$252$63
35 years$1,282$862$565$362$228$54
36 years$1,232$818$528$334$207$46
37 years$1,186$777$495$307$187$40
38 years$1,142$739$463$283$170$34
39 years$1,100$702$434$261$154$30
40 years$1,061$668$407$241$140$26
41 years$1,023$636$381$222$127$22
42 years$988$606$358$205$115$19
43 years$954$577$336$189$104$16
44 years$922$550$315$175$95$14
45 years$891$525$296$161$86$12
46 years$862$501$278$149$78$10
47 years$834$478$261$138$71$9
48 years$808$456$245$127$64$8
49 years$782$435$231$118$59$7
50 years$758$416$217$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $776,000, adding $3,169 every year, while hoping to spend $29,093 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: 55/34/11 Blend
58$776,000$776,000$776,000$776,000
59$858,421$817,293$805,265$903,081
60$915,025$826,385$801,286$942,796
61$976,428$834,949$796,200$982,562
62$1,043,088$842,925$789,937$1,025,175
63$1,115,510$850,256$782,427$1,070,910
64$1,194,248$856,875$773,595$1,120,072
65$1,279,915$862,715$763,363$1,172,998
66$1,373,180$867,702$751,650$1,230,061
67$1,474,785$871,759$738,370$1,291,670
68$1,585,541$874,804$723,434$1,358,280
69$1,706,345$876,748$706,748$1,430,391
70$1,838,181$877,498$688,213$1,508,557
71$1,982,136$876,956$667,728$1,593,387
72$2,139,402$875,015$645,186$1,685,556
73$2,311,295$871,564$620,473$1,785,808
74$2,499,262$866,485$593,474$1,894,965
75$2,704,896$859,653$564,064$2,013,935
76$2,929,952$850,932$532,117$2,143,718
77$3,176,362$840,183$497,498$2,285,420
78$3,446,254$827,255$460,067$2,440,261
79$3,741,970$811,989$419,678$2,609,589
80$4,066,093$794,218$376,179$2,794,890
81$4,421,462$773,763$329,409$2,997,806
82$4,811,209$750,435$279,202$3,220,147
83$5,238,781$724,035$225,384$3,463,912
84$5,707,976$694,352$167,773$3,731,306
85$6,222,976$661,161$106,180$4,024,764
86$6,788,388$624,227$40,406$4,346,973
87$7,409,289$583,299$0$4,700,894
88$8,091,269$538,113$0$5,093,295
89$8,840,487$488,390$0$5,529,575
90$9,663,729$433,833$0$6,008,994
91$10,568,469$374,130$0$6,535,971
92$11,562,942$308,952$0$7,115,380
93$12,656,220$237,949$0$7,752,594
94$13,858,300$160,754$0$8,453,541
95$15,180,193$76,977$0$9,224,756
96$16,634,032$0$0$10,073,447
97$18,233,184$0$0$11,012,720
98$19,992,378$0$0$12,077,758
99$21,927,841$0$0$13,249,594
100$24,057,453$0$0$14,539,064