Can I retire at age 59 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$63,090$62,528$61,980$61,445$60,922$59,571
2 years$31,233$30,651$30,087$29,541$29,011$27,656
3 years$20,615$20,031$19,469$18,927$18,406$17,090
4 years$15,307$14,725$14,168$13,636$13,127$11,861
5 years$12,123$11,544$10,995$10,474$9,979$8,766
6 years$10,001$9,427$8,886$8,376$7,896$6,737
7 years$8,486$7,917$7,384$6,886$6,422$5,317
8 years$7,351$6,786$6,262$5,777$5,327$4,276
9 years$6,468$5,908$5,394$4,920$4,486$3,489
10 years$5,762$5,208$4,702$4,242$3,823$2,877
11 years$5,185$4,636$4,140$3,691$3,288$2,393
12 years$4,704$4,161$3,674$3,238$2,849$2,004
13 years$4,298$3,761$3,282$2,859$2,484$1,687
14 years$3,950$3,418$2,949$2,537$2,178$1,427
15 years$3,648$3,123$2,663$2,263$1,917$1,212
16 years$3,385$2,865$2,414$2,026$1,695$1,032
17 years$3,153$2,639$2,197$1,821$1,503$881
18 years$2,946$2,438$2,005$1,641$1,336$754
19 years$2,762$2,260$1,836$1,483$1,191$646
20 years$2,597$2,100$1,685$1,343$1,064$555
21 years$2,447$1,956$1,550$1,219$952$477
22 years$2,311$1,826$1,428$1,108$853$410
23 years$2,187$1,708$1,319$1,009$766$353
24 years$2,074$1,600$1,220$920$688$305
25 years$1,970$1,501$1,130$840$619$263
26 years$1,874$1,411$1,048$769$558$227
27 years$1,785$1,328$973$703$503$196
28 years$1,703$1,251$904$644$454$169
29 years$1,626$1,181$842$591$410$146
30 years$1,555$1,115$784$542$370$127
31 years$1,489$1,054$731$498$335$109
32 years$1,427$997$682$458$303$95
33 years$1,368$944$637$421$274$82
34 years$1,313$895$595$387$248$71
35 years$1,262$849$556$357$225$61
36 years$1,213$806$520$328$204$53
37 years$1,168$765$487$303$185$46
38 years$1,124$727$456$279$167$40
39 years$1,083$692$427$257$152$35
40 years$1,045$658$400$237$138$30
41 years$1,008$626$376$219$125$26
42 years$973$597$352$202$113$22
43 years$939$568$331$186$103$19
44 years$908$542$310$172$93$17
45 years$878$517$291$159$85$15
46 years$849$493$274$147$77$13
47 years$821$470$257$136$70$11
48 years$795$449$242$125$63$9
49 years$770$429$227$116$58$8
50 years$746$410$213$107$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $764,000, adding $6,739 every year, while hoping to spend $32,323 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: 76/14/10 Blend
58$764,000$764,000$764,000$764,000
59$848,879$808,387$796,545$911,386
60$901,074$813,607$788,838$958,697
61$957,508$817,999$779,789$1,005,767
62$1,018,582$821,489$769,320$1,056,446
63$1,084,732$823,997$757,348$1,111,080
64$1,156,441$825,439$743,785$1,170,052
65$1,234,238$825,725$728,541$1,233,783
66$1,318,705$824,760$711,522$1,302,736
67$1,410,483$822,443$692,628$1,377,423
68$1,510,276$818,667$671,755$1,458,408
69$1,618,859$813,317$648,794$1,546,312
70$1,737,086$806,273$623,632$1,641,820
71$1,865,895$797,406$596,150$1,745,688
72$2,006,319$786,581$566,223$1,858,746
73$2,159,494$773,654$533,722$1,981,914
74$2,326,671$758,472$498,511$2,116,202
75$2,509,229$740,874$460,448$2,262,726
76$2,708,682$720,689$419,385$2,422,715
77$2,926,700$697,735$375,166$2,597,524
78$3,165,120$671,821$327,631$2,788,649
79$3,425,966$642,744$276,611$2,997,735
80$3,711,465$610,289$221,928$3,226,600
81$4,024,071$574,230$163,399$3,477,246
82$4,366,485$534,326$100,832$3,751,880
83$4,741,682$490,323$34,025$4,052,936
84$5,152,938$441,953$0$4,383,097
85$5,603,862$388,933$0$4,749,299
86$6,098,427$330,963$0$5,154,957
87$6,641,012$267,725$0$5,600,058
88$7,236,438$198,886$0$6,088,590
89$7,890,016$124,093$0$6,624,950
90$8,607,595$42,971$0$7,213,982
91$9,395,621$0$0$7,861,025
92$10,261,192$0$0$8,578,878
93$11,212,128$0$0$9,374,832
94$12,257,046$0$0$10,249,481
95$13,405,435$0$0$11,210,775
96$14,667,752$0$0$12,267,469
97$16,055,517$0$0$13,429,213
98$17,581,421$0$0$14,706,633
99$19,259,447$0$0$16,111,442
100$21,105,001$0$0$17,656,540