Can I retire at age 59 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$64,659$64,083$63,522$62,973$62,438$61,127
2 years$32,010$31,413$30,836$30,276$29,732$28,418
3 years$21,128$20,529$19,953$19,398$18,863$17,586
4 years$15,688$15,091$14,520$13,975$13,453$12,224
5 years$12,425$11,832$11,268$10,734$10,227$9,048
6 years$10,250$9,661$9,107$8,584$8,092$6,965
7 years$8,697$8,114$7,568$7,058$6,581$5,506
8 years$7,533$6,955$6,418$5,920$5,460$4,437
9 years$6,629$6,055$5,528$5,043$4,598$3,626
10 years$5,905$5,338$4,819$4,347$3,918$2,996
11 years$5,314$4,752$4,243$3,783$3,369$2,497
12 years$4,821$4,265$3,765$3,318$2,920$2,095
13 years$4,404$3,854$3,364$2,930$2,546$1,767
14 years$4,048$3,503$3,023$2,601$2,232$1,498
15 years$3,739$3,200$2,729$2,319$1,965$1,274
16 years$3,469$2,936$2,474$2,077$1,737$1,087
17 years$3,231$2,704$2,252$1,866$1,540$930
18 years$3,020$2,499$2,055$1,682$1,369$798
19 years$2,831$2,316$1,882$1,519$1,220$685
20 years$2,661$2,152$1,727$1,376$1,090$590
21 years$2,508$2,005$1,588$1,249$976$508
22 years$2,369$1,871$1,464$1,136$874$438
23 years$2,242$1,750$1,352$1,034$785$378
24 years$2,125$1,640$1,250$943$706$327
25 years$2,019$1,539$1,158$861$635$283
26 years$1,920$1,446$1,074$788$572$245
27 years$1,829$1,361$997$721$516$212
28 years$1,745$1,283$927$661$465$184
29 years$1,667$1,210$863$606$420$159
30 years$1,594$1,143$803$556$380$138
31 years$1,526$1,080$749$511$343$120
32 years$1,462$1,022$699$469$310$104
33 years$1,402$968$653$431$281$90
34 years$1,346$917$610$397$254$78
35 years$1,293$870$570$365$230$68
36 years$1,244$826$533$337$209$59
37 years$1,197$784$499$310$189$51
38 years$1,152$745$467$286$172$44
39 years$1,110$709$438$264$156$38
40 years$1,070$674$410$243$141$33
41 years$1,033$642$385$224$128$29
42 years$997$611$361$207$116$25
43 years$963$583$339$191$105$22
44 years$930$555$318$176$96$19
45 years$899$529$299$163$87$17
46 years$870$505$280$150$79$14
47 years$842$482$263$139$72$12
48 years$815$460$248$128$65$11
49 years$789$439$233$119$59$9
50 years$764$420$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $783,000, adding $4,606 every year, while hoping to spend $30,804 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: 61/18/21 Blend
58$783,000$783,000$783,000$783,000
59$867,617$826,118$813,982$915,509
60$923,339$833,823$808,475$956,155
61$983,712$840,872$801,751$996,692
62$1,049,178$847,202$793,737$1,040,238
63$1,120,223$852,744$784,356$1,087,093
64$1,197,381$857,425$773,528$1,137,582
65$1,281,241$861,166$761,168$1,192,070
66$1,372,449$863,884$747,189$1,250,955
67$1,471,717$865,492$731,498$1,314,680
68$1,579,828$865,897$713,998$1,383,732
69$1,697,642$864,998$694,589$1,458,651
70$1,826,109$862,690$673,165$1,540,029
71$1,966,271$858,861$649,615$1,628,525
72$2,119,278$853,392$623,824$1,724,863
73$2,286,393$846,158$595,672$1,829,842
74$2,469,010$837,023$565,031$1,944,346
75$2,668,659$825,848$531,770$2,069,350
76$2,887,029$812,481$495,751$2,205,929
77$3,125,976$796,763$456,829$2,355,272
78$3,387,547$778,526$414,854$2,518,688
79$3,673,994$757,591$369,669$2,697,625
80$3,987,798$733,769$321,109$2,893,678
81$4,331,690$706,860$269,002$3,108,609
82$4,708,678$676,652$213,170$3,344,361
83$5,122,077$642,922$153,425$3,603,080
84$5,575,535$605,432$89,571$3,887,131
85$6,073,073$563,931$21,405$4,199,125
86$6,619,118$518,156$0$4,541,942
87$7,218,548$467,825$0$4,930,265
88$7,876,734$412,642$0$5,361,959
89$8,599,594$352,295$0$5,836,144
90$9,393,649$286,454$0$6,357,139
91$10,266,079$214,768$0$6,929,704
92$11,224,797$136,869$0$7,559,090
93$12,278,519$52,368$0$8,251,080
94$13,436,847$0$0$9,012,053
95$14,710,362$0$0$9,856,790
96$16,110,718$0$0$10,797,136
97$17,650,757$0$0$11,831,347
98$19,344,627$0$0$12,968,935
99$21,207,918$0$0$14,220,376
100$23,257,803$0$0$15,597,216