Can I retire at age 59 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$64,247$63,674$63,116$62,571$62,039$59,981
2 years$31,805$31,213$30,639$30,082$29,542$27,489
3 years$20,993$20,398$19,825$19,274$18,743$16,759
4 years$15,588$14,995$14,428$13,886$13,368$11,467
5 years$12,346$11,756$11,197$10,666$10,162$8,351
6 years$10,185$9,600$9,048$8,529$8,041$6,321
7 years$8,642$8,062$7,519$7,012$6,539$4,910
8 years$7,485$6,910$6,377$5,883$5,425$3,885
9 years$6,586$6,017$5,492$5,011$4,569$3,116
10 years$5,867$5,303$4,788$4,319$3,893$2,525
11 years$5,280$4,721$4,216$3,759$3,348$2,063
12 years$4,790$4,238$3,741$3,297$2,901$1,696
13 years$4,376$3,830$3,343$2,911$2,530$1,401
14 years$4,022$3,481$3,003$2,584$2,218$1,162
15 years$3,715$3,180$2,712$2,304$1,953$968
16 years$3,447$2,918$2,458$2,063$1,726$808
17 years$3,210$2,687$2,237$1,854$1,530$676
18 years$3,000$2,483$2,042$1,671$1,361$566
19 years$2,813$2,301$1,870$1,510$1,213$475
20 years$2,644$2,138$1,716$1,367$1,083$399
21 years$2,492$1,992$1,578$1,241$969$336
22 years$2,353$1,859$1,455$1,128$869$283
23 years$2,227$1,739$1,343$1,028$780$238
24 years$2,112$1,629$1,242$937$701$201
25 years$2,006$1,529$1,150$856$631$170
26 years$1,908$1,437$1,067$783$568$143
27 years$1,818$1,352$991$716$512$121
28 years$1,734$1,274$921$656$462$102
29 years$1,656$1,202$857$602$417$86
30 years$1,584$1,135$798$552$377$73
31 years$1,516$1,073$744$507$341$62
32 years$1,453$1,016$694$466$308$52
33 years$1,393$962$648$429$279$44
34 years$1,338$911$606$394$253$37
35 years$1,285$865$566$363$229$31
36 years$1,236$821$530$334$207$27
37 years$1,189$779$496$308$188$22
38 years$1,145$741$464$284$170$19
39 years$1,103$704$435$262$155$16
40 years$1,064$670$408$242$140$14
41 years$1,026$638$382$223$127$12
42 years$991$607$359$206$115$10
43 years$957$579$337$190$105$8
44 years$924$552$316$175$95$7
45 years$894$526$297$162$86$6
46 years$864$502$279$150$78$5
47 years$836$479$262$138$71$4
48 years$810$457$246$128$65$4
49 years$784$437$231$118$59$3
50 years$760$417$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $778,000, adding $5,932 every year, while hoping to spend $56,837 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: 43/29/28 Blend
58$778,000$778,000$778,000$778,000
59$863,475$822,241$810,182$893,338
60$891,075$802,057$776,849$895,122
61$919,586$778,978$740,494$891,220
62$949,040$752,804$700,957$885,905
63$979,471$723,321$658,068$879,082
64$1,010,915$690,302$611,652$870,647
65$1,043,410$653,509$561,524$860,491
66$1,076,996$612,688$507,493$848,502
67$1,111,712$567,573$449,356$834,560
68$1,147,603$517,880$386,906$818,538
69$1,184,713$463,311$319,922$800,303
70$1,223,091$403,549$248,176$779,717
71$1,262,785$338,262$171,429$756,631
72$1,303,848$267,097$89,431$730,893
73$1,346,336$189,680$1,923$702,338
74$1,390,307$105,619$0$670,798
75$1,435,823$14,498$0$663,419
76$1,482,947$0$0$655,075
77$1,531,750$0$0$671,928
78$1,582,303$0$0$694,185
79$1,634,683$0$0$717,254
80$1,688,972$0$0$741,173
81$1,745,256$0$0$765,980
82$1,803,628$0$0$791,717
83$1,864,185$0$0$818,430
84$1,927,031$0$0$846,165
85$1,992,277$0$0$874,973
86$2,060,042$0$0$904,907
87$2,130,453$0$0$936,027
88$2,203,644$0$0$968,394
89$2,279,762$0$0$1,002,075
90$2,358,961$0$0$1,037,140
91$2,441,408$0$0$1,073,667
92$2,527,282$0$0$1,111,739
93$2,616,776$0$0$1,151,442
94$2,710,098$0$0$1,192,875
95$2,807,471$0$0$1,236,139
96$2,909,135$0$0$1,281,346
97$3,015,350$0$0$1,328,616
98$3,126,399$0$0$1,378,080
99$3,242,584$0$0$1,429,879
100$3,364,235$0$0$1,484,164