Can I retire at age 59 with 780,000?

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 $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%14.6%
1 years$64,412$63,838$63,278$62,732$62,198$61,017
2 years$31,887$31,293$30,718$30,160$29,618$28,433
3 years$21,047$20,450$19,876$19,323$18,791$17,639
4 years$15,628$15,033$14,465$13,921$13,402$12,291
5 years$12,377$11,786$11,225$10,693$10,188$9,122
6 years$10,211$9,624$9,072$8,551$8,061$7,041
7 years$8,664$8,082$7,539$7,031$6,556$5,582
8 years$7,505$6,928$6,393$5,898$5,439$4,511
9 years$6,603$6,032$5,507$5,024$4,580$3,698
10 years$5,882$5,317$4,801$4,330$3,903$3,064
11 years$5,293$4,734$4,227$3,769$3,356$2,562
12 years$4,803$4,249$3,751$3,306$2,909$2,156
13 years$4,388$3,839$3,351$2,918$2,536$1,825
14 years$4,032$3,490$3,011$2,591$2,223$1,552
15 years$3,725$3,188$2,719$2,310$1,958$1,325
16 years$3,456$2,925$2,465$2,069$1,730$1,135
17 years$3,219$2,694$2,243$1,859$1,534$974
18 years$3,008$2,489$2,047$1,675$1,364$839
19 years$2,820$2,307$1,874$1,514$1,216$723
20 years$2,651$2,144$1,720$1,371$1,086$625
21 years$2,498$1,997$1,582$1,244$972$540
22 years$2,359$1,864$1,458$1,131$871$468
23 years$2,233$1,743$1,346$1,030$782$405
24 years$2,117$1,633$1,245$940$703$352
25 years$2,011$1,533$1,153$858$632$305
26 years$1,913$1,441$1,070$785$570$265
27 years$1,822$1,356$993$718$514$231
28 years$1,738$1,278$923$658$463$201
29 years$1,660$1,205$859$603$418$175
30 years$1,588$1,138$800$554$378$152
31 years$1,520$1,076$746$509$342$132
32 years$1,456$1,018$696$467$309$115
33 years$1,397$964$650$430$280$100
34 years$1,341$914$607$395$253$87
35 years$1,288$867$568$364$229$76
36 years$1,239$823$531$335$208$66
37 years$1,192$781$497$309$188$58
38 years$1,148$743$466$285$171$50
39 years$1,106$706$436$263$155$44
40 years$1,066$672$409$242$141$38
41 years$1,029$639$383$223$127$33
42 years$993$609$360$206$116$29
43 years$959$580$337$190$105$25
44 years$927$553$317$176$95$22
45 years$896$527$297$162$87$19
46 years$867$503$279$150$79$17
47 years$839$480$262$139$71$15
48 years$812$458$247$128$65$13
49 years$786$438$232$118$59$11
50 years$762$418$218$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $780,000, adding $2,767 every year, while hoping to spend $30,128 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: 68/20/12 Blend
58$780,000$780,000$780,000$780,000
59$862,414$821,074$808,984$918,613
60$918,324$829,251$804,029$964,515
61$978,928$836,818$797,898$1,010,840
62$1,044,671$843,715$790,521$1,060,724
63$1,116,046$849,876$781,822$1,114,512
64$1,193,593$855,230$771,723$1,172,585
65$1,277,906$859,703$760,142$1,235,364
66$1,369,640$863,216$746,995$1,303,311
67$1,469,515$865,685$732,191$1,376,936
68$1,578,323$867,021$715,636$1,456,803
69$1,696,935$867,128$697,233$1,543,534
70$1,826,310$865,905$676,878$1,637,813
71$1,967,505$863,245$654,464$1,740,395
72$2,121,681$859,035$629,880$1,852,115
73$2,290,118$853,153$603,006$1,973,890
74$2,474,224$845,472$573,722$2,106,734
75$2,675,551$835,856$541,897$2,251,765
76$2,895,805$824,161$507,398$2,410,217
77$3,136,866$810,234$470,085$2,583,447
78$3,400,805$793,914$429,812$2,772,956
79$3,689,901$775,030$386,424$2,980,396
80$4,006,664$753,400$339,763$3,207,593
81$4,353,860$728,832$289,661$3,456,556
82$4,734,533$701,124$235,944$3,729,503
83$5,152,037$670,061$178,429$4,028,879
84$5,610,065$635,414$116,928$4,357,383
85$6,112,687$596,945$51,240$4,717,987
86$6,664,384$554,398$0$5,113,971
87$7,270,092$507,504$0$5,551,366
88$7,935,250$455,980$0$6,038,903
89$8,665,847$399,525$0$6,574,441
90$9,468,483$337,821$0$7,162,858
91$10,350,427$270,533$0$7,809,530
92$11,319,689$197,308$0$8,520,386
93$12,385,092$117,770$0$9,301,957
94$13,556,355$31,525$0$10,161,446
95$14,844,189$0$0$11,106,790
96$16,260,392$0$0$12,160,349
97$17,817,964$0$0$13,326,758
98$19,531,227$0$0$14,609,811
99$21,415,961$0$0$16,021,333
100$23,489,554$0$0$17,574,353