Can I retire at age 59 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$64,742$64,165$63,603$63,053$62,517$61,507
2 years$32,050$31,454$30,875$30,314$29,770$28,755
3 years$21,155$20,555$19,978$19,423$18,887$17,899
4 years$15,708$15,110$14,539$13,993$13,471$12,517
5 years$12,441$11,847$11,283$10,748$10,240$9,323
6 years$10,263$9,674$9,118$8,595$8,103$7,224
7 years$8,709$8,124$7,577$7,067$6,590$5,750
8 years$7,543$6,964$6,426$5,928$5,467$4,665
9 years$6,637$6,063$5,535$5,049$4,604$3,840
10 years$5,913$5,344$4,825$4,353$3,923$3,196
11 years$5,320$4,758$4,248$3,788$3,374$2,684
12 years$4,827$4,270$3,770$3,323$2,924$2,269
13 years$4,410$3,859$3,368$2,933$2,549$1,930
14 years$4,053$3,508$3,027$2,604$2,235$1,649
15 years$3,744$3,204$2,733$2,322$1,968$1,414
16 years$3,473$2,940$2,477$2,079$1,739$1,217
17 years$3,235$2,708$2,254$1,868$1,542$1,050
18 years$3,024$2,502$2,058$1,684$1,371$909
19 years$2,835$2,319$1,884$1,521$1,222$788
20 years$2,665$2,155$1,729$1,378$1,092$684
21 years$2,511$2,007$1,590$1,250$977$594
22 years$2,372$1,874$1,466$1,137$876$518
23 years$2,244$1,752$1,353$1,035$786$451
24 years$2,128$1,642$1,252$944$706$393
25 years$2,021$1,541$1,159$862$636$344
26 years$1,923$1,448$1,075$789$573$300
27 years$1,832$1,363$998$722$516$262
28 years$1,747$1,284$928$661$466$229
29 years$1,669$1,211$864$606$421$201
30 years$1,596$1,144$805$557$380$176
31 years$1,528$1,082$750$511$344$154
32 years$1,464$1,023$700$470$311$135
33 years$1,404$969$653$432$281$118
34 years$1,348$919$610$397$255$104
35 years$1,295$871$571$366$231$91
36 years$1,245$827$534$337$209$80
37 years$1,198$785$500$311$189$70
38 years$1,154$746$468$286$172$61
39 years$1,112$710$438$264$156$54
40 years$1,072$675$411$243$141$47
41 years$1,034$643$385$225$128$41
42 years$998$612$361$207$116$36
43 years$964$583$339$191$106$32
44 years$932$556$318$177$96$28
45 years$901$530$299$163$87$25
46 years$871$506$281$151$79$22
47 years$843$483$264$139$72$19
48 years$816$461$248$129$65$17
49 years$790$440$233$119$59$15
50 years$765$420$219$110$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $784,000, adding $4,784 every year, while hoping to spend $23,334 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: 42/42/16 Blend
58$784,000$784,000$784,000$784,000
59$868,903$827,351$815,199$901,139
60$932,704$843,064$817,681$940,049
61$1,002,230$858,765$819,464$979,495
62$1,078,042$874,428$820,500$1,021,711
63$1,160,754$890,027$820,738$1,066,963
64$1,251,044$905,532$820,127$1,115,542
65$1,349,659$920,911$818,609$1,167,771
66$1,457,419$936,131$816,128$1,224,004
67$1,575,229$951,154$812,621$1,284,635
68$1,704,084$965,942$808,025$1,350,097
69$1,845,080$980,453$802,273$1,420,866
70$1,999,423$994,640$795,295$1,497,470
71$2,168,443$1,008,456$787,016$1,580,491
72$2,353,603$1,021,849$777,360$1,670,570
73$2,556,515$1,034,764$766,245$1,768,415
74$2,778,953$1,047,141$753,588$1,874,809
75$3,022,872$1,058,918$739,300$1,990,614
76$3,290,426$1,070,026$723,288$2,116,780
77$3,583,986$1,080,394$705,454$2,254,359
78$3,906,165$1,089,944$685,699$2,404,508
79$4,259,838$1,098,596$663,914$2,568,506
80$4,648,177$1,106,263$639,990$2,747,763
81$5,074,672$1,112,851$613,811$2,943,836
82$5,543,169$1,118,261$585,255$3,158,440
83$6,057,906$1,122,389$554,194$3,393,470
84$6,623,550$1,125,124$520,497$3,651,015
85$7,245,244$1,126,347$484,025$3,933,381
86$7,928,652$1,125,931$444,633$4,243,109
87$8,680,016$1,123,743$402,170$4,583,005
88$9,506,212$1,119,641$356,478$4,956,163
89$10,414,817$1,113,475$307,391$5,365,996
90$11,414,177$1,105,084$254,737$5,816,269
91$12,513,489$1,094,299$198,337$6,311,132
92$13,722,885$1,080,940$138,001$6,855,167
93$15,053,529$1,064,816$73,535$7,453,424
94$16,517,724$1,045,726$4,732$8,111,473
95$18,129,021$1,023,456$0$8,835,459
96$19,902,354$997,779$0$9,643,884
97$21,854,180$968,455$0$10,534,117
98$24,002,628$935,231$0$11,513,628
99$26,367,676$897,837$0$12,591,547
100$28,971,337$855,990$0$13,777,935