Can I retire at age 59 with 785,000?

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 $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%11.9%
1 years$64,825$64,247$63,684$63,134$62,597$62,098
2 years$32,091$31,494$30,914$30,353$29,808$29,306
3 years$21,182$20,581$20,004$19,447$18,911$18,420
4 years$15,728$15,130$14,558$14,011$13,488$13,012
5 years$12,457$11,862$11,297$10,762$10,253$9,794
6 years$10,276$9,686$9,130$8,606$8,113$7,671
7 years$8,720$8,134$7,587$7,076$6,598$6,174
8 years$7,553$6,973$6,434$5,936$5,474$5,067
9 years$6,646$6,071$5,542$5,056$4,610$4,221
10 years$5,920$5,351$4,832$4,358$3,928$3,556
11 years$5,327$4,764$4,254$3,793$3,378$3,023
12 years$4,833$4,276$3,775$3,327$2,927$2,589
13 years$4,416$3,864$3,373$2,937$2,553$2,230
14 years$4,058$3,512$3,030$2,607$2,238$1,931
15 years$3,749$3,209$2,736$2,325$1,970$1,679
16 years$3,478$2,944$2,481$2,082$1,741$1,465
17 years$3,239$2,711$2,257$1,871$1,544$1,282
18 years$3,027$2,505$2,061$1,686$1,373$1,125
19 years$2,838$2,322$1,886$1,523$1,224$990
20 years$2,668$2,158$1,731$1,380$1,093$872
21 years$2,514$2,010$1,592$1,252$978$770
22 years$2,375$1,876$1,468$1,138$877$680
23 years$2,247$1,755$1,355$1,037$787$602
24 years$2,131$1,644$1,253$946$707$533
25 years$2,024$1,543$1,161$864$636$473
26 years$1,925$1,450$1,077$790$573$420
27 years$1,834$1,365$1,000$723$517$373
28 years$1,750$1,286$929$662$466$331
29 years$1,671$1,213$865$607$421$295
30 years$1,598$1,146$806$557$381$262
31 years$1,530$1,083$751$512$344$234
32 years$1,466$1,025$701$470$311$208
33 years$1,406$970$654$433$282$185
34 years$1,350$920$611$398$255$165
35 years$1,297$872$571$366$231$147
36 years$1,247$828$535$337$209$131
37 years$1,200$786$500$311$190$117
38 years$1,155$747$469$287$172$105
39 years$1,113$711$439$264$156$93
40 years$1,073$676$411$244$141$83
41 years$1,035$644$386$225$128$74
42 years$999$613$362$208$116$66
43 years$965$584$340$192$106$59
44 years$933$557$319$177$96$53
45 years$902$531$299$163$87$47
46 years$872$506$281$151$79$42
47 years$844$483$264$139$72$38
48 years$817$461$248$129$65$34
49 years$791$441$233$119$59$30
50 years$766$421$219$110$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $785,000, adding $5,795 every year, while hoping to spend $53,042 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: 69/8/23 Blend
58$785,000$785,000$785,000$785,000
59$871,048$829,443$817,275$925,714
60$903,458$813,649$788,217$947,244
61$937,397$795,304$756,409$964,096
62$972,964$774,226$721,701$981,271
63$1,010,267$750,224$683,938$998,800
64$1,049,423$723,094$642,960$1,016,717
65$1,090,562$692,623$598,596$1,035,060
66$1,133,820$658,583$550,670$1,053,874
67$1,179,350$620,733$498,998$1,073,210
68$1,227,314$578,820$443,385$1,093,126
69$1,277,893$532,575$383,631$1,113,687
70$1,331,281$481,714$319,525$1,134,968
71$1,387,690$425,936$250,848$1,157,054
72$1,447,352$364,925$177,369$1,180,038
73$1,510,520$298,345$98,850$1,204,030
74$1,577,472$225,841$15,039$1,229,150
75$1,648,507$147,041$0$1,255,534
76$1,723,958$61,549$0$1,301,595
77$1,804,185$0$0$1,354,372
78$1,889,583$0$0$1,413,167
79$1,980,584$0$0$1,481,619
80$2,077,663$0$0$1,554,668
81$2,181,339$0$0$1,632,708
82$2,292,180$0$0$1,716,172
83$2,410,809$0$0$1,805,533
84$2,537,910$0$0$1,901,309
85$2,674,234$0$0$2,004,070
86$2,820,603$0$0$2,114,441
87$2,977,919$0$0$2,233,107
88$3,147,175$0$0$2,360,822
89$3,329,458$0$0$2,498,411
90$3,525,964$0$0$2,646,783
91$3,738,006$0$0$2,806,936
92$3,967,027$0$0$2,979,964
93$4,214,612$0$0$3,167,074
94$4,482,503$0$0$3,369,588
95$4,772,617$0$0$3,588,961
96$5,087,058$0$0$3,826,795
97$5,428,143$0$0$4,084,848
98$5,798,418$0$0$4,365,056
99$6,200,684$0$0$4,669,546
100$6,638,022$0$0$5,000,661