Can I retire at age 59 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$63,173$62,610$62,061$61,525$61,002$58,582
2 years$31,274$30,691$30,127$29,580$29,049$26,640
3 years$20,642$20,057$19,494$18,952$18,430$16,109
4 years$15,327$14,744$14,187$13,654$13,144$10,929
5 years$12,139$11,560$11,009$10,487$9,992$7,888
6 years$10,015$9,439$8,897$8,387$7,906$5,914
7 years$8,498$7,927$7,394$6,895$6,430$4,550
8 years$7,360$6,795$6,270$5,784$5,334$3,564
9 years$6,476$5,916$5,401$4,927$4,492$2,829
10 years$5,769$5,215$4,708$4,247$3,828$2,268
11 years$5,191$4,642$4,145$3,696$3,292$1,832
12 years$4,710$4,167$3,679$3,242$2,853$1,489
13 years$4,303$3,766$3,287$2,862$2,488$1,216
14 years$3,955$3,423$2,953$2,541$2,181$997
15 years$3,653$3,127$2,666$2,266$1,920$820
16 years$3,389$2,869$2,417$2,029$1,697$676
17 years$3,157$2,642$2,200$1,823$1,505$558
18 years$2,950$2,441$2,008$1,643$1,338$462
19 years$2,766$2,263$1,838$1,484$1,192$383
20 years$2,600$2,103$1,687$1,344$1,065$318
21 years$2,450$1,958$1,552$1,220$953$264
22 years$2,314$1,828$1,430$1,109$854$219
23 years$2,190$1,710$1,321$1,010$767$182
24 years$2,077$1,602$1,221$922$689$152
25 years$1,972$1,503$1,131$842$620$126
26 years$1,876$1,413$1,049$770$559$105
27 years$1,787$1,330$974$704$504$87
28 years$1,705$1,253$906$645$455$73
29 years$1,628$1,182$843$592$410$61
30 years$1,557$1,116$785$543$371$51
31 years$1,491$1,055$732$499$335$42
32 years$1,428$999$683$458$303$35
33 years$1,370$946$638$422$274$29
34 years$1,315$896$596$388$249$24
35 years$1,264$850$557$357$225$20
36 years$1,215$807$521$329$204$17
37 years$1,169$766$488$303$185$14
38 years$1,126$728$457$279$168$12
39 years$1,085$693$428$257$152$10
40 years$1,046$659$401$237$138$8
41 years$1,009$627$376$219$125$7
42 years$974$597$353$202$113$6
43 years$941$569$331$187$103$5
44 years$909$542$311$172$93$4
45 years$879$517$292$159$85$3
46 years$850$493$274$147$77$3
47 years$822$471$257$136$70$2
48 years$796$450$242$126$64$2
49 years$771$429$227$116$58$2
50 years$747$410$214$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $765,000, adding $5,878 every year, while hoping to spend $41,143 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: 42/45/13 Blend
58$765,000$765,000$765,000$765,000
59$849,093$808,548$796,691$881,289
60$891,925$804,391$779,604$900,306
61$937,746$798,652$760,566$916,343
62$986,819$791,208$739,468$932,806
63$1,039,431$781,933$716,196$949,753
64$1,095,895$770,690$690,630$967,250
65$1,156,557$757,335$662,648$985,371
66$1,221,797$741,716$632,117$1,004,203
67$1,292,030$723,670$598,903$1,023,844
68$1,367,714$703,026$562,863$1,044,405
69$1,449,351$679,604$523,849$1,066,013
70$1,537,491$653,211$481,704$1,088,813
71$1,632,741$623,645$436,267$1,112,968
72$1,735,767$590,690$387,369$1,138,661
73$1,847,302$554,120$334,832$1,166,100
74$1,968,149$513,694$278,471$1,195,520
75$2,099,193$469,158$218,093$1,227,186
76$2,241,409$420,245$153,497$1,261,392
77$2,395,865$366,670$84,472$1,298,474
78$2,563,740$308,133$10,799$1,338,804
79$2,746,329$244,319$0$1,382,803
80$2,945,055$174,891$0$1,440,347
81$3,161,488$99,498$0$1,504,764
82$3,397,351$17,765$0$1,575,177
83$3,654,545$0$0$1,652,279
84$3,935,159$0$0$1,771,849
85$4,241,492$0$0$1,912,074
86$4,576,077$0$0$2,065,325
87$4,941,702$0$0$2,232,891
88$5,341,434$0$0$2,416,192
89$5,778,653$0$0$2,616,789
90$6,257,078$0$0$2,836,403
91$6,780,807$0$0$3,076,927
92$7,354,349$0$0$3,340,448
93$7,982,672$0$0$3,629,263
94$8,671,248$0$0$3,945,902
95$9,426,099$0$0$4,293,151
96$10,253,863$0$0$4,674,080
97$11,161,847$0$0$5,092,069
98$12,158,101$0$0$5,550,842
99$13,251,492$0$0$6,054,500
100$14,451,786$0$0$6,607,562