Can I retire at age 59 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$64,907$64,329$63,765$63,214$62,677$61,638
2 years$32,132$31,534$30,954$30,392$29,846$28,803
3 years$21,209$20,608$20,029$19,472$18,936$17,920
4 years$15,748$15,149$14,576$14,029$13,505$12,525
5 years$12,472$11,877$11,312$10,775$10,266$9,325
6 years$10,289$9,698$9,142$8,617$8,123$7,221
7 years$8,731$8,145$7,597$7,085$6,606$5,744
8 years$7,562$6,981$6,443$5,943$5,481$4,658
9 years$6,654$6,079$5,549$5,062$4,616$3,832
10 years$5,928$5,358$4,838$4,364$3,933$3,188
11 years$5,334$4,770$4,259$3,798$3,382$2,675
12 years$4,839$4,281$3,780$3,331$2,931$2,260
13 years$4,421$3,869$3,377$2,941$2,556$1,921
14 years$4,063$3,517$3,034$2,611$2,240$1,640
15 years$3,753$3,213$2,740$2,328$1,973$1,406
16 years$3,482$2,948$2,484$2,085$1,743$1,209
17 years$3,243$2,715$2,260$1,873$1,546$1,043
18 years$3,031$2,508$2,063$1,688$1,375$901
19 years$2,842$2,325$1,889$1,525$1,225$781
20 years$2,671$2,160$1,733$1,381$1,094$677
21 years$2,517$2,012$1,594$1,254$979$588
22 years$2,378$1,878$1,469$1,140$878$512
23 years$2,250$1,757$1,357$1,038$788$446
24 years$2,134$1,646$1,255$947$708$388
25 years$2,026$1,545$1,162$865$637$339
26 years$1,928$1,452$1,078$791$574$296
27 years$1,836$1,366$1,001$724$518$258
28 years$1,752$1,287$930$663$467$226
29 years$1,673$1,215$866$608$422$197
30 years$1,600$1,147$807$558$381$173
31 years$1,532$1,084$752$512$344$151
32 years$1,468$1,026$702$471$312$132
33 years$1,408$972$655$433$282$116
34 years$1,351$921$612$399$255$101
35 years$1,298$873$572$367$231$89
36 years$1,248$829$535$338$210$78
37 years$1,201$787$501$311$190$68
38 years$1,157$748$469$287$172$60
39 years$1,115$712$440$265$156$52
40 years$1,075$677$412$244$142$46
41 years$1,037$644$386$225$128$40
42 years$1,001$614$362$208$117$35
43 years$966$585$340$192$106$31
44 years$934$557$319$177$96$27
45 years$903$532$300$164$87$24
46 years$873$507$282$151$79$21
47 years$845$484$264$140$72$18
48 years$818$462$249$129$65$16
49 years$792$441$234$119$59$14
50 years$767$421$220$110$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $786,000, adding $3,606 every year, while hoping to spend $33,283 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: 58/15/27 Blend
58$786,000$786,000$786,000$786,000
59$869,892$828,234$816,051$913,756
60$923,208$833,404$807,975$949,351
61$980,847$837,713$798,514$984,313
62$1,043,214$841,082$787,585$1,021,743
63$1,110,756$843,429$775,104$1,061,889
64$1,183,963$844,666$760,980$1,105,026
65$1,263,374$844,702$745,119$1,151,458
66$1,349,582$843,437$727,425$1,201,521
67$1,443,241$840,766$707,795$1,255,587
68$1,545,066$836,578$686,121$1,314,067
69$1,655,848$830,756$662,291$1,377,417
70$1,776,454$823,173$636,188$1,446,139
71$1,907,842$813,698$607,689$1,520,788
72$2,051,062$802,190$576,667$1,601,980
73$2,207,273$788,499$542,987$1,690,393
74$2,377,747$772,467$506,510$1,786,778
75$2,563,887$753,929$467,088$1,891,964
76$2,767,238$732,705$424,570$2,006,868
77$2,989,498$708,610$378,795$2,132,501
78$3,232,539$681,443$329,596$2,269,983
79$3,498,420$650,997$276,800$2,420,547
80$3,789,410$617,047$220,225$2,585,560
81$4,108,008$579,360$159,680$2,766,526
82$4,456,962$537,686$94,967$2,965,110
83$4,839,303$491,763$25,879$3,183,149
84$5,258,366$441,314$0$3,422,672
85$5,717,826$386,045$0$3,699,702
86$6,221,728$325,645$0$4,011,780
87$6,774,530$259,787$0$4,354,237
88$7,381,140$188,125$0$4,730,158
89$8,046,966$110,293$0$5,142,940
90$8,777,965$25,905$0$5,596,328
91$9,580,697$0$0$6,094,453
92$10,462,390$0$0$6,652,667
93$11,431,006$0$0$7,270,682
94$12,495,317$0$0$7,949,827
95$13,664,985$0$0$8,696,277
96$14,950,657$0$0$9,516,835
97$16,364,061$0$0$10,418,996
98$17,918,117$0$0$11,411,019
99$19,627,062$0$0$12,502,000
100$21,506,580$0$0$13,701,964