Can I retire at age 59 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$62,843$62,283$61,737$61,204$60,683$59,120
2 years$31,110$30,531$29,969$29,425$28,897$27,333
3 years$20,534$19,952$19,392$18,853$18,333$16,817
4 years$15,247$14,667$14,112$13,582$13,075$11,618
5 years$12,076$11,499$10,952$10,433$9,940$8,546
6 years$9,962$9,390$8,851$8,343$7,865$6,536
7 years$8,453$7,886$7,355$6,859$6,396$5,132
8 years$7,322$6,759$6,238$5,754$5,306$4,106
9 years$6,442$5,885$5,372$4,901$4,469$3,332
10 years$5,739$5,188$4,684$4,225$3,808$2,732
11 years$5,164$4,618$4,124$3,677$3,275$2,260
12 years$4,686$4,145$3,660$3,225$2,838$1,881
13 years$4,281$3,746$3,270$2,847$2,475$1,574
14 years$3,934$3,405$2,938$2,528$2,169$1,323
15 years$3,634$3,110$2,652$2,254$1,910$1,116
16 years$3,372$2,854$2,405$2,018$1,688$945
17 years$3,140$2,628$2,188$1,813$1,497$801
18 years$2,935$2,429$1,998$1,634$1,331$681
19 years$2,751$2,251$1,829$1,477$1,186$580
20 years$2,586$2,092$1,678$1,337$1,060$494
21 years$2,437$1,948$1,544$1,214$948$422
22 years$2,302$1,819$1,423$1,104$850$361
23 years$2,179$1,701$1,314$1,005$763$309
24 years$2,066$1,594$1,215$917$686$264
25 years$1,962$1,496$1,125$837$617$226
26 years$1,866$1,406$1,044$765$556$194
27 years$1,778$1,323$969$701$501$166
28 years$1,696$1,246$901$642$452$143
29 years$1,620$1,176$838$589$408$122
30 years$1,549$1,111$781$540$369$105
31 years$1,483$1,050$728$496$334$90
32 years$1,421$993$679$456$302$77
33 years$1,363$941$634$419$273$66
34 years$1,308$892$593$386$247$57
35 years$1,257$846$554$355$224$49
36 years$1,209$803$518$327$203$42
37 years$1,163$762$485$301$184$36
38 years$1,120$724$454$278$167$31
39 years$1,079$689$426$256$151$27
40 years$1,040$655$399$236$137$23
41 years$1,004$624$374$218$124$20
42 years$969$594$351$201$113$17
43 years$936$566$329$186$102$15
44 years$904$540$309$171$93$13
45 years$874$515$290$158$84$11
46 years$845$491$273$146$77$9
47 years$818$468$256$135$70$8
48 years$792$447$241$125$63$7
49 years$767$427$226$115$57$6
50 years$743$408$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $761,000, adding $6,200 every year, while hoping to spend $28,566 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: 48/28/24 Blend
58$761,000$761,000$761,000$761,000
59$845,017$804,684$792,889$879,548
60$900,815$813,720$789,057$913,368
61$961,347$822,241$784,139$946,737
62$1,027,065$830,191$778,068$982,399
63$1,098,468$837,513$770,776$1,020,582
64$1,176,103$844,143$762,188$1,061,540
65$1,260,574$850,014$752,229$1,105,552
66$1,352,542$855,054$740,819$1,152,929
67$1,452,738$859,188$727,873$1,204,013
68$1,561,964$862,335$713,303$1,259,184
69$1,681,104$864,410$697,019$1,318,861
70$1,811,131$865,320$678,923$1,383,509
71$1,953,115$864,969$658,916$1,453,639
72$2,108,235$863,255$636,892$1,529,820
73$2,277,788$860,067$612,740$1,612,678
74$2,463,202$855,291$586,347$1,702,907
75$2,666,051$848,802$557,592$1,801,272
76$2,888,066$840,471$526,349$1,908,620
77$3,131,153$830,159$492,487$2,025,887
78$3,397,414$817,720$455,868$2,154,107
79$3,689,160$802,998$416,349$2,294,420
80$4,008,938$785,828$373,781$2,448,091
81$4,359,553$766,038$328,006$2,616,511
82$4,744,095$743,441$278,862$2,801,221
83$5,165,966$717,842$226,176$3,003,921
84$5,628,913$689,036$169,773$3,226,489
85$6,137,066$656,802$109,464$3,470,997
86$6,694,972$620,911$45,056$3,739,736
87$7,307,640$581,116$0$4,035,233
88$7,980,588$537,159$0$4,366,343
89$8,719,895$488,767$0$4,742,788
90$9,532,258$435,650$0$5,156,477
91$10,425,054$377,503$0$5,611,221
92$11,406,412$314,003$0$6,111,225
93$12,485,285$244,808$0$6,661,123
94$13,671,538$169,559$0$7,266,029
95$14,976,042$87,873$0$7,931,580
96$16,410,770$0$0$8,663,990
97$17,988,916$0$0$9,470,314
98$19,725,017$0$0$10,387,221
99$21,635,089$0$0$11,396,107
100$23,736,779$0$0$12,506,306