Can I retire at age 59 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$64,825$64,247$63,684$63,134$62,597$61,969
2 years$32,091$31,494$30,914$30,353$29,808$29,176
3 years$21,182$20,581$20,004$19,447$18,911$18,294
4 years$15,728$15,130$14,558$14,011$13,488$12,890
5 years$12,457$11,862$11,297$10,762$10,253$9,677
6 years$10,276$9,686$9,130$8,606$8,113$7,559
7 years$8,720$8,134$7,587$7,076$6,598$6,067
8 years$7,553$6,973$6,434$5,936$5,474$4,965
9 years$6,646$6,071$5,542$5,056$4,610$4,124
10 years$5,920$5,351$4,832$4,358$3,928$3,464
11 years$5,327$4,764$4,254$3,793$3,378$2,935
12 years$4,833$4,276$3,775$3,327$2,927$2,506
13 years$4,416$3,864$3,373$2,937$2,553$2,152
14 years$4,058$3,512$3,030$2,607$2,238$1,857
15 years$3,749$3,209$2,736$2,325$1,970$1,610
16 years$3,478$2,944$2,481$2,082$1,741$1,400
17 years$3,239$2,711$2,257$1,871$1,544$1,221
18 years$3,027$2,505$2,061$1,686$1,373$1,067
19 years$2,838$2,322$1,886$1,523$1,224$935
20 years$2,668$2,158$1,731$1,380$1,093$821
21 years$2,514$2,010$1,592$1,252$978$722
22 years$2,375$1,876$1,468$1,138$877$636
23 years$2,247$1,755$1,355$1,037$787$560
24 years$2,131$1,644$1,253$946$707$495
25 years$2,024$1,543$1,161$864$636$437
26 years$1,925$1,450$1,077$790$573$386
27 years$1,834$1,365$1,000$723$517$342
28 years$1,750$1,286$929$662$466$303
29 years$1,671$1,213$865$607$421$268
30 years$1,598$1,146$806$557$381$238
31 years$1,530$1,083$751$512$344$211
32 years$1,466$1,025$701$470$311$187
33 years$1,406$970$654$433$282$166
34 years$1,350$920$611$398$255$147
35 years$1,297$872$571$366$231$131
36 years$1,247$828$535$337$209$116
37 years$1,200$786$500$311$190$103
38 years$1,155$747$469$287$172$92
39 years$1,113$711$439$264$156$81
40 years$1,073$676$411$244$141$72
41 years$1,035$644$386$225$128$64
42 years$999$613$362$208$116$57
43 years$965$584$340$192$106$51
44 years$933$557$319$177$96$45
45 years$902$531$299$163$87$40
46 years$872$506$281$151$79$36
47 years$844$483$264$139$72$32
48 years$817$461$248$129$65$28
49 years$791$441$233$119$59$25
50 years$766$421$219$110$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $785,000, adding $5,366 every year, while hoping to spend $38,284 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: 41/46/13 Blend
58$785,000$785,000$785,000$785,000
59$870,605$829,000$816,833$902,748
60$918,673$828,887$803,463$925,794
61$970,360$827,486$788,362$946,531
62$1,025,997$824,692$771,431$968,136
63$1,085,943$820,396$752,568$990,708
64$1,150,595$814,481$731,665$1,014,353
65$1,220,389$806,824$708,610$1,039,195
66$1,295,804$797,294$683,283$1,065,370
67$1,377,365$785,751$655,563$1,093,033
68$1,465,652$772,048$625,319$1,122,357
69$1,561,299$756,029$592,418$1,153,535
70$1,665,006$737,529$556,719$1,186,785
71$1,777,542$716,373$518,074$1,222,350
72$1,899,751$692,375$476,329$1,260,503
73$2,032,564$665,340$431,325$1,301,546
74$2,177,004$635,060$382,893$1,345,820
75$2,334,196$601,316$330,857$1,393,704
76$2,505,378$563,874$275,035$1,445,621
77$2,691,913$522,491$215,235$1,502,043
78$2,895,301$476,906$151,258$1,563,495
79$3,117,192$426,844$82,896$1,630,562
80$3,359,403$372,017$9,930$1,703,897
81$3,623,934$312,117$0$1,784,225
82$3,912,985$246,822$0$1,881,776
83$4,228,982$175,788$0$1,990,107
84$4,574,591$98,655$0$2,108,868
85$4,952,752$15,041$0$2,239,204
86$5,366,698$0$0$2,382,383
87$5,819,994$0$0$2,578,002
88$6,316,561$0$0$2,800,736
89$6,860,721$0$0$3,044,922
90$7,457,230$0$0$3,312,708
91$8,111,331$0$0$3,606,460
92$8,828,793$0$0$3,928,784
93$9,615,975$0$0$4,282,551
94$10,479,879$0$0$4,670,923
95$11,428,218$0$0$5,097,382
96$12,469,488$0$0$5,565,766
97$13,613,049$0$0$6,080,302
98$14,869,211$0$0$6,645,645
99$16,249,331$0$0$7,266,925
100$17,765,924$0$0$7,949,794