Can I retire at age 59 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$62,595$62,037$61,493$60,962$60,444$59,516
2 years$30,988$30,410$29,851$29,309$28,783$27,850
3 years$20,453$19,874$19,316$18,778$18,261$17,353
4 years$15,187$14,609$14,057$13,529$13,024$12,147
5 years$12,028$11,454$10,909$10,391$9,901$9,058
6 years$9,923$9,353$8,816$8,310$7,834$7,026
7 years$8,420$7,855$7,326$6,832$6,371$5,598
8 years$7,293$6,733$6,213$5,731$5,285$4,547
9 years$6,417$5,862$5,351$4,882$4,451$3,748
10 years$5,717$5,167$4,665$4,208$3,793$3,123
11 years$5,144$4,600$4,107$3,662$3,262$2,626
12 years$4,667$4,129$3,645$3,212$2,827$2,223
13 years$4,264$3,731$3,257$2,836$2,465$1,893
14 years$3,919$3,392$2,926$2,518$2,161$1,620
15 years$3,620$3,098$2,642$2,245$1,902$1,391
16 years$3,358$2,843$2,395$2,010$1,681$1,199
17 years$3,128$2,618$2,180$1,806$1,491$1,036
18 years$2,923$2,419$1,990$1,628$1,326$897
19 years$2,741$2,242$1,821$1,471$1,181$779
20 years$2,576$2,083$1,672$1,332$1,055$677
21 years$2,428$1,941$1,538$1,209$944$590
22 years$2,293$1,811$1,417$1,099$847$514
23 years$2,170$1,694$1,308$1,001$760$449
24 years$2,058$1,587$1,210$913$683$392
25 years$1,954$1,490$1,121$834$615$343
26 years$1,859$1,400$1,040$762$554$300
27 years$1,771$1,318$965$698$499$263
28 years$1,689$1,242$897$639$450$230
29 years$1,614$1,171$835$586$407$202
30 years$1,543$1,106$778$538$367$177
31 years$1,477$1,046$725$494$332$155
32 years$1,415$989$677$454$301$136
33 years$1,357$937$632$418$272$120
34 years$1,303$888$590$384$246$105
35 years$1,252$842$552$354$223$92
36 years$1,204$799$516$326$202$81
37 years$1,158$759$483$300$183$71
38 years$1,115$722$452$277$166$62
39 years$1,075$686$424$255$151$55
40 years$1,036$653$397$235$137$48
41 years$1,000$621$373$217$124$42
42 years$965$592$349$200$112$37
43 years$932$564$328$185$102$33
44 years$901$538$308$171$93$29
45 years$871$513$289$158$84$25
46 years$842$489$271$146$76$22
47 years$815$467$255$135$69$20
48 years$789$445$240$124$63$17
49 years$764$425$225$115$57$15
50 years$740$406$212$106$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $758,000, adding $6,821 every year, while hoping to spend $46,769 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: 54/18/28 Blend
58$758,000$758,000$758,000$758,000
59$842,352$802,178$790,429$880,953
60$878,510$791,723$767,146$897,920
61$916,789$779,188$741,516$911,030
62$957,355$764,422$713,411$924,368
63$1,000,391$747,264$682,696$937,972
64$1,046,096$727,546$649,232$951,889
65$1,094,689$705,087$612,873$966,174
66$1,146,408$679,697$573,464$980,886
67$1,201,515$651,174$530,848$996,100
68$1,260,294$619,307$484,856$1,011,895
69$1,323,060$583,869$435,315$1,028,365
70$1,390,156$544,623$382,042$1,045,618
71$1,461,959$501,316$324,847$1,063,774
72$1,538,880$453,682$263,531$1,082,972
73$1,621,373$401,439$197,887$1,103,368
74$1,709,935$344,292$127,698$1,125,139
75$1,805,110$281,924$52,737$1,148,485
76$1,907,497$214,003$0$1,173,631
77$2,017,752$140,181$0$1,208,974
78$2,136,598$60,085$0$1,263,999
79$2,264,827$0$0$1,323,332
80$2,403,310$0$0$1,392,695
81$2,553,003$0$0$1,480,594
82$2,714,959$0$0$1,575,753
83$2,890,332$0$0$1,678,859
84$3,080,395$0$0$1,790,666
85$3,286,545$0$0$1,912,005
86$3,510,318$0$0$2,043,790
87$3,753,406$0$0$2,187,025
88$4,017,667$0$0$2,342,815
89$4,305,147$0$0$2,512,376
90$4,618,097$0$0$2,697,046
91$4,958,993$0$0$2,898,297
92$5,330,561$0$0$3,117,750
93$5,735,800$0$0$3,357,187
94$6,178,012$0$0$3,618,572
95$6,660,829$0$0$3,904,065
96$7,188,253$0$0$4,216,045
97$7,764,687$0$0$4,557,131
98$8,394,978$0$0$4,930,205
99$9,084,466$0$0$5,338,443
100$9,839,027$0$0$5,785,340