Can I retire at age 59 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$62,512$61,956$61,412$60,882$60,364$58,833
2 years$30,947$30,370$29,812$29,270$28,745$27,212
3 years$20,426$19,847$19,290$18,754$18,237$16,751
4 years$15,167$14,590$14,038$13,511$13,007$11,579
5 years$12,012$11,439$10,894$10,378$9,888$8,521
6 years$9,910$9,341$8,804$8,299$7,824$6,520
7 years$8,409$7,844$7,316$6,823$6,363$5,123
8 years$7,283$6,724$6,205$5,724$5,278$4,101
9 years$6,408$5,854$5,344$4,875$4,445$3,330
10 years$5,709$5,160$4,659$4,203$3,788$2,732
11 years$5,137$4,594$4,102$3,658$3,257$2,261
12 years$4,661$4,123$3,640$3,208$2,823$1,884
13 years$4,258$3,726$3,252$2,832$2,462$1,578
14 years$3,913$3,387$2,922$2,514$2,158$1,327
15 years$3,615$3,094$2,638$2,242$1,900$1,120
16 years$3,354$2,839$2,392$2,008$1,679$949
17 years$3,124$2,614$2,177$1,804$1,489$805
18 years$2,919$2,416$1,987$1,626$1,324$685
19 years$2,737$2,239$1,819$1,469$1,180$583
20 years$2,573$2,081$1,669$1,330$1,054$498
21 years$2,425$1,938$1,536$1,207$943$425
22 years$2,290$1,809$1,415$1,098$845$364
23 years$2,167$1,692$1,307$1,000$759$311
24 years$2,055$1,585$1,209$912$682$267
25 years$1,952$1,488$1,119$833$614$229
26 years$1,857$1,398$1,038$761$553$196
27 years$1,769$1,316$964$697$498$168
28 years$1,687$1,240$896$639$450$145
29 years$1,611$1,170$834$586$406$124
30 years$1,541$1,105$777$537$367$107
31 years$1,475$1,044$724$494$332$92
32 years$1,413$988$676$454$300$79
33 years$1,356$936$631$417$272$68
34 years$1,301$887$589$384$246$58
35 years$1,250$841$551$353$223$50
36 years$1,202$798$516$325$202$43
37 years$1,157$758$483$300$183$37
38 years$1,114$721$452$276$166$32
39 years$1,073$685$423$255$150$27
40 years$1,035$652$397$235$136$24
41 years$998$621$372$217$124$20
42 years$964$591$349$200$112$17
43 years$931$563$328$185$102$15
44 years$899$537$307$171$92$13
45 years$870$512$289$158$84$11
46 years$841$488$271$146$76$10
47 years$814$466$255$134$69$8
48 years$788$445$239$124$63$7
49 years$763$425$225$115$57$6
50 years$739$406$212$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $757,000, adding $4,956 every year, while hoping to spend $23,684 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: 53/32/15 Blend
58$757,000$757,000$757,000$757,000
59$839,326$799,205$787,472$880,190
60$899,738$813,167$788,652$922,609
61$965,518$827,018$789,079$965,804
62$1,037,188$840,730$788,701$1,012,269
63$1,115,325$854,269$787,465$1,062,322
64$1,200,560$867,600$785,318$1,116,312
65$1,293,590$880,686$782,199$1,174,624
66$1,395,183$893,486$778,049$1,237,683
67$1,506,182$905,957$772,804$1,305,957
68$1,627,517$918,054$766,397$1,379,965
69$1,760,210$929,725$758,759$1,460,276
70$1,905,389$940,919$749,814$1,547,518
71$2,064,294$951,579$739,488$1,642,387
72$2,238,290$961,645$727,699$1,745,646
73$2,428,883$971,052$714,364$1,858,140
74$2,637,728$979,732$699,394$1,980,800
75$2,866,649$987,613$682,697$2,114,652
76$3,117,657$994,615$664,177$2,260,830
77$3,392,964$1,000,657$643,733$2,420,582
78$3,695,007$1,005,650$621,259$2,595,285
79$4,026,471$1,009,500$596,644$2,786,461
80$4,390,314$1,012,109$569,774$2,995,784
81$4,789,792$1,013,368$540,528$3,225,103
82$5,228,495$1,013,168$508,780$3,476,456
83$5,710,375$1,011,386$474,398$3,752,092
84$6,239,787$1,007,898$437,244$4,054,491
85$6,821,528$1,002,568$397,174$4,386,387
86$7,460,883$995,253$354,039$4,750,795
87$8,163,675$985,801$307,681$5,151,041
88$8,936,317$974,053$257,935$5,590,792
89$9,785,877$959,837$204,632$6,074,092
90$10,720,141$942,974$147,591$6,605,400
91$11,747,687$923,271$86,627$7,189,635
92$12,877,967$900,527$21,545$7,832,217
93$14,121,394$874,527$0$8,539,126
94$15,489,441$845,044$0$9,324,622
95$16,994,751$811,838$0$10,192,483
96$18,651,251$774,654$0$11,147,309
97$20,474,291$733,224$0$12,197,972
98$22,480,780$687,264$0$13,354,253
99$24,689,351$636,471$0$14,626,934
100$27,120,536$580,529$0$16,027,899