Can I retire at age 59 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$64,577$64,002$63,440$62,893$62,358$60,727
2 years$31,969$31,373$30,796$30,237$29,694$28,062
3 years$21,101$20,503$19,927$19,373$18,839$17,257
4 years$15,668$15,072$14,502$13,957$13,436$11,917
5 years$12,409$11,816$11,254$10,720$10,214$8,761
6 years$10,237$9,649$9,095$8,573$8,082$6,696
7 years$8,686$8,103$7,558$7,049$6,573$5,255
8 years$7,524$6,946$6,410$5,913$5,453$4,202
9 years$6,620$6,048$5,521$5,036$4,592$3,408
10 years$5,898$5,331$4,813$4,341$3,913$2,793
11 years$5,307$4,746$4,237$3,778$3,365$2,308
12 years$4,815$4,259$3,761$3,314$2,916$1,920
13 years$4,399$3,849$3,360$2,926$2,543$1,606
14 years$4,043$3,499$3,019$2,597$2,229$1,349
15 years$3,734$3,196$2,726$2,316$1,963$1,137
16 years$3,465$2,933$2,471$2,074$1,735$962
17 years$3,227$2,701$2,249$1,863$1,538$815
18 years$3,016$2,496$2,053$1,679$1,368$692
19 years$2,827$2,313$1,879$1,517$1,219$589
20 years$2,658$2,149$1,725$1,374$1,089$502
21 years$2,505$2,002$1,586$1,247$974$428
22 years$2,366$1,869$1,462$1,134$873$366
23 years$2,239$1,748$1,350$1,033$784$312
24 years$2,123$1,638$1,248$942$705$267
25 years$2,016$1,537$1,156$860$634$229
26 years$1,918$1,444$1,072$787$571$196
27 years$1,827$1,359$996$720$515$168
28 years$1,743$1,281$926$660$465$144
29 years$1,665$1,208$861$605$420$123
30 years$1,592$1,141$802$555$379$106
31 years$1,524$1,079$748$510$343$91
32 years$1,460$1,021$698$469$310$78
33 years$1,400$967$652$431$281$67
34 years$1,344$916$609$396$254$57
35 years$1,292$869$569$365$230$49
36 years$1,242$825$533$336$208$42
37 years$1,195$783$498$310$189$36
38 years$1,151$744$467$285$171$31
39 years$1,109$708$437$263$155$27
40 years$1,069$674$410$243$141$23
41 years$1,031$641$384$224$128$20
42 years$996$611$361$207$116$17
43 years$962$582$338$191$105$15
44 years$929$555$318$176$96$12
45 years$898$529$298$163$87$11
46 years$869$504$280$150$79$9
47 years$841$481$263$139$72$8
48 years$814$460$247$128$65$7
49 years$788$439$232$119$59$6
50 years$764$419$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $782,000, adding $5,970 every year, while hoping to spend $55,316 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: 82/12/6 Blend
58$782,000$782,000$782,000$782,000
59$867,922$826,476$814,355$938,260
60$897,594$808,118$782,780$966,755
61$928,439$787,006$748,294$990,001
62$960,518$762,947$710,739$1,013,807
63$993,896$735,736$669,954$1,038,195
64$1,028,644$705,158$625,768$1,063,192
65$1,064,837$670,983$578,003$1,088,826
66$1,102,558$632,968$526,473$1,115,129
67$1,141,892$590,857$470,984$1,142,135
68$1,182,935$544,379$411,332$1,169,885
69$1,225,789$493,247$347,306$1,198,420
70$1,270,562$437,160$278,684$1,227,788
71$1,317,375$375,796$205,235$1,258,042
72$1,366,355$308,817$126,717$1,289,240
73$1,417,640$235,867$42,880$1,321,449
74$1,471,383$156,567$0$1,354,739
75$1,527,745$70,520$0$1,392,175
76$1,586,904$0$0$1,433,986
77$1,649,051$0$0$1,480,540
78$1,714,397$0$0$1,539,287
79$1,783,168$0$0$1,601,119
80$1,855,612$0$0$1,666,260
81$1,931,998$0$0$1,734,953
82$2,012,619$0$0$1,807,463
83$2,097,795$0$0$1,884,078
84$2,187,876$0$0$1,965,114
85$2,283,243$0$0$2,050,915
86$2,384,311$0$0$2,141,857
87$2,491,536$0$0$2,238,349
88$2,605,415$0$0$2,340,842
89$2,726,491$0$0$2,449,825
90$2,855,360$0$0$2,565,837
91$2,992,672$0$0$2,689,465
92$3,139,141$0$0$2,821,353
93$3,295,549$0$0$2,962,208
94$3,462,751$0$0$3,112,801
95$3,641,686$0$0$3,273,980
96$3,833,382$0$0$3,446,676
97$4,038,970$0$0$3,631,908
98$4,259,686$0$0$3,830,793
99$4,496,892$0$0$4,044,561
100$4,752,077$0$0$4,274,558