Can I retire at age 59 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$64,412$63,838$63,278$62,732$62,198$59,872
2 years$31,887$31,293$30,718$30,160$29,618$27,302
3 years$21,047$20,450$19,876$19,323$18,791$16,557
4 years$15,628$15,033$14,465$13,921$13,402$11,267
5 years$12,377$11,786$11,225$10,693$10,188$8,157
6 years$10,211$9,624$9,072$8,551$8,061$6,137
7 years$8,664$8,082$7,539$7,031$6,556$4,737
8 years$7,505$6,928$6,393$5,898$5,439$3,724
9 years$6,603$6,032$5,507$5,024$4,580$2,967
10 years$5,882$5,317$4,801$4,330$3,903$2,388
11 years$5,293$4,734$4,227$3,769$3,356$1,937
12 years$4,803$4,249$3,751$3,306$2,909$1,580
13 years$4,388$3,839$3,351$2,918$2,536$1,296
14 years$4,032$3,490$3,011$2,591$2,223$1,067
15 years$3,725$3,188$2,719$2,310$1,958$881
16 years$3,456$2,925$2,465$2,069$1,730$730
17 years$3,219$2,694$2,243$1,859$1,534$605
18 years$3,008$2,489$2,047$1,675$1,364$503
19 years$2,820$2,307$1,874$1,514$1,216$419
20 years$2,651$2,144$1,720$1,371$1,086$349
21 years$2,498$1,997$1,582$1,244$972$291
22 years$2,359$1,864$1,458$1,131$871$243
23 years$2,233$1,743$1,346$1,030$782$203
24 years$2,117$1,633$1,245$940$703$170
25 years$2,011$1,533$1,153$858$632$142
26 years$1,913$1,441$1,070$785$570$119
27 years$1,822$1,356$993$718$514$99
28 years$1,738$1,278$923$658$463$83
29 years$1,660$1,205$859$603$418$70
30 years$1,588$1,138$800$554$378$58
31 years$1,520$1,076$746$509$342$49
32 years$1,456$1,018$696$467$309$41
33 years$1,397$964$650$430$280$34
34 years$1,341$914$607$395$253$29
35 years$1,288$867$568$364$229$24
36 years$1,239$823$531$335$208$20
37 years$1,192$781$497$309$188$17
38 years$1,148$743$466$285$171$14
39 years$1,106$706$436$263$155$12
40 years$1,066$672$409$242$141$10
41 years$1,029$639$383$223$127$8
42 years$993$609$360$206$116$7
43 years$959$580$337$190$105$6
44 years$927$553$317$176$95$5
45 years$896$527$297$162$87$4
46 years$867$503$279$150$79$3
47 years$839$480$262$139$71$3
48 years$812$458$247$128$65$2
49 years$786$438$232$118$59$2
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $780,000, adding $3,908 every year, while hoping to spend $33,292 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: 46/33/21 Blend
58$780,000$780,000$780,000$780,000
59$863,591$822,251$810,161$897,961
60$916,255$827,119$801,879$927,312
61$973,175$831,110$792,204$955,525
62$1,034,749$834,145$781,053$985,450
63$1,101,417$836,141$768,342$1,017,261
64$1,173,661$837,011$753,981$1,051,153
65$1,252,010$836,661$737,875$1,087,341
66$1,337,048$834,990$719,927$1,126,066
67$1,429,416$831,893$700,033$1,167,594
68$1,529,819$827,259$678,087$1,212,220
69$1,639,033$820,967$653,975$1,260,272
70$1,757,911$812,891$627,580$1,312,113
71$1,887,394$802,899$598,780$1,368,148
72$2,028,515$790,847$567,446$1,428,822
73$2,182,411$776,586$533,443$1,494,632
74$2,350,334$759,957$496,631$1,566,126
75$2,533,663$740,790$456,863$1,643,914
76$2,733,915$718,907$413,986$1,728,670
77$2,952,760$694,119$367,840$1,821,139
78$3,192,037$666,226$318,258$1,922,149
79$3,453,770$635,016$265,065$2,032,615
80$3,740,188$600,265$208,078$2,153,549
81$4,053,747$561,737$147,108$2,286,074
82$4,397,148$519,181$81,955$2,431,429
83$4,773,368$472,333$12,411$2,590,986
84$5,185,686$420,911$0$2,766,264
85$5,637,711$364,621$0$2,972,790
86$6,133,420$303,150$0$3,202,439
87$6,677,192$236,168$0$3,454,534
88$7,273,851$163,325$0$3,731,398
89$7,928,711$84,255$0$4,035,596
90$8,647,623$0$0$4,369,962
91$9,437,035$0$0$4,738,140
92$10,304,048$0$0$5,176,208
93$11,256,487$0$0$5,657,533
94$12,302,970$0$0$6,186,485
95$13,452,990$0$0$6,767,875
96$14,717,009$0$0$7,407,002
97$16,106,551$0$0$8,109,708
98$17,634,310$0$0$8,882,426
99$19,314,274$0$0$9,732,246
100$21,161,855$0$0$10,666,978