Can I retire at age 59 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$63,338$62,774$62,224$61,686$61,162$60,523
2 years$31,356$30,772$30,206$29,657$29,125$28,481
3 years$20,696$20,110$19,545$19,001$18,478$17,850
4 years$15,367$14,783$14,224$13,689$13,179$12,571
5 years$12,171$11,590$11,038$10,515$10,018$9,433
6 years$10,041$9,464$8,921$8,409$7,927$7,364
7 years$8,520$7,948$7,413$6,913$6,447$5,907
8 years$7,380$6,813$6,287$5,799$5,348$4,832
9 years$6,493$5,932$5,415$4,940$4,504$4,010
10 years$5,784$5,229$4,721$4,258$3,838$3,366
11 years$5,205$4,655$4,156$3,706$3,300$2,851
12 years$4,722$4,178$3,688$3,251$2,860$2,433
13 years$4,314$3,775$3,295$2,870$2,494$2,088
14 years$3,965$3,432$2,961$2,547$2,186$1,801
15 years$3,663$3,135$2,673$2,272$1,925$1,559
16 years$3,398$2,876$2,424$2,034$1,701$1,355
17 years$3,165$2,649$2,206$1,828$1,508$1,181
18 years$2,958$2,448$2,013$1,647$1,341$1,032
19 years$2,773$2,269$1,843$1,488$1,196$903
20 years$2,607$2,108$1,692$1,348$1,068$793
21 years$2,457$1,964$1,556$1,223$956$696
22 years$2,320$1,833$1,434$1,112$857$613
23 years$2,196$1,714$1,324$1,013$769$540
24 years$2,082$1,606$1,224$924$691$476
25 years$1,977$1,507$1,134$844$622$420
26 years$1,881$1,417$1,052$772$560$371
27 years$1,792$1,333$977$706$505$328
28 years$1,709$1,256$908$647$456$290
29 years$1,633$1,185$845$593$412$257
30 years$1,561$1,119$787$545$372$228
31 years$1,495$1,058$734$500$336$202
32 years$1,432$1,001$685$460$304$179
33 years$1,374$948$639$423$275$158
34 years$1,319$899$597$389$249$140
35 years$1,267$852$558$358$226$125
36 years$1,218$809$522$330$204$111
37 years$1,172$768$489$304$185$98
38 years$1,129$730$458$280$168$87
39 years$1,088$694$429$258$152$77
40 years$1,049$661$402$238$138$69
41 years$1,012$629$377$220$125$61
42 years$977$599$354$203$114$54
43 years$943$571$332$187$103$48
44 years$911$544$311$173$94$43
45 years$881$519$292$160$85$38
46 years$852$495$275$147$77$34
47 years$825$472$258$136$70$30
48 years$798$451$243$126$64$27
49 years$773$430$228$116$58$24
50 years$749$411$214$108$53$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $767,000, adding $2,023 every year, while hoping to spend $24,456 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: 86/6/8 Blend
58$767,000$767,000$767,000$767,000
59$847,321$806,670$794,781$919,312
60$907,726$820,176$795,385$980,084
61$973,474$833,523$795,190$1,043,294
62$1,045,082$846,680$794,143$1,111,979
63$1,123,122$859,609$792,188$1,186,673
64$1,208,223$872,272$789,269$1,267,964
65$1,301,076$884,628$785,324$1,356,501
66$1,402,443$896,632$780,289$1,452,997
67$1,513,162$908,236$774,099$1,558,238
68$1,634,155$919,391$766,682$1,673,090
69$1,766,440$930,042$757,967$1,798,507
70$1,911,134$940,132$747,876$1,935,539
71$2,069,470$949,598$736,330$2,085,342
72$2,242,802$958,375$723,244$2,249,190
73$2,432,626$966,393$708,530$2,428,489
74$2,640,584$973,577$692,096$2,624,783
75$2,868,489$979,847$673,847$2,839,778
76$3,118,336$985,120$653,681$3,075,348
77$3,392,320$989,305$631,493$3,333,563
78$3,692,862$992,306$607,174$3,616,701
79$4,022,627$994,022$580,607$3,927,270
80$4,384,550$994,345$551,672$4,268,038
81$4,781,865$993,159$520,245$4,642,051
82$5,218,134$990,342$486,192$5,052,666
83$5,697,281$985,766$449,376$5,503,583
84$6,223,628$979,294$409,655$5,998,877
85$6,801,938$970,778$366,878$6,543,040
86$7,437,455$960,066$320,888$7,141,022
87$8,135,959$946,992$271,521$7,798,275
88$8,903,816$931,385$218,607$8,520,809
89$9,748,042$913,059$161,967$9,315,244
90$10,676,364$891,821$101,414$10,188,879
91$11,697,297$867,464$36,755$11,149,752
92$12,820,221$839,769$0$12,206,724
93$14,055,472$808,506$0$13,372,311
94$15,414,437$773,430$0$14,658,046
95$16,909,664$734,283$0$16,072,664
96$18,554,978$690,790$0$17,629,249
97$20,365,610$642,663$0$19,342,219
98$22,358,344$589,596$0$21,227,460
99$24,551,674$531,265$0$23,302,480
100$26,965,975$467,327$0$25,586,567