Can I retire at age 59 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$63,586$63,019$62,467$61,928$61,401$59,747
2 years$31,478$30,892$30,324$29,773$29,239$27,584
3 years$20,777$20,188$19,621$19,076$18,550$16,947
4 years$15,427$14,840$14,279$13,743$13,230$11,690
5 years$12,219$11,635$11,081$10,556$10,057$8,585
6 years$10,080$9,501$8,955$8,442$7,958$6,555
7 years$8,553$7,979$7,442$6,940$6,472$5,138
8 years$7,408$6,839$6,311$5,822$5,369$4,104
9 years$6,519$5,955$5,436$4,959$4,522$3,324
10 years$5,807$5,249$4,739$4,275$3,853$2,721
11 years$5,225$4,673$4,172$3,720$3,313$2,246
12 years$4,741$4,194$3,703$3,263$2,871$1,866
13 years$4,331$3,790$3,308$2,881$2,504$1,559
14 years$3,981$3,445$2,972$2,557$2,195$1,307
15 years$3,677$3,147$2,684$2,281$1,933$1,101
16 years$3,411$2,888$2,433$2,042$1,708$929
17 years$3,177$2,659$2,214$1,835$1,514$786
18 years$2,970$2,457$2,021$1,654$1,347$667
19 years$2,784$2,277$1,850$1,494$1,200$567
20 years$2,617$2,116$1,698$1,353$1,072$482
21 years$2,466$1,971$1,562$1,228$959$411
22 years$2,329$1,840$1,440$1,117$860$350
23 years$2,204$1,721$1,329$1,017$772$299
24 years$2,090$1,612$1,229$928$694$255
25 years$1,985$1,513$1,139$847$624$218
26 years$1,888$1,422$1,056$775$562$186
27 years$1,799$1,338$981$709$507$159
28 years$1,716$1,261$912$650$457$136
29 years$1,639$1,190$848$596$413$117
30 years$1,567$1,124$790$547$373$100
31 years$1,500$1,062$737$502$337$86
32 years$1,438$1,005$687$461$305$73
33 years$1,379$952$642$424$276$63
34 years$1,324$902$600$390$250$54
35 years$1,272$856$561$359$227$46
36 years$1,223$812$524$331$205$40
37 years$1,177$771$491$305$186$34
38 years$1,133$733$460$281$169$29
39 years$1,092$697$431$259$153$25
40 years$1,053$663$404$239$139$21
41 years$1,016$631$378$221$126$18
42 years$980$601$355$204$114$16
43 years$947$573$333$188$104$13
44 years$915$546$313$173$94$12
45 years$884$521$294$160$85$10
46 years$855$497$276$148$78$8
47 years$828$474$259$137$70$7
48 years$801$453$243$126$64$6
49 years$776$432$229$117$58$5
50 years$752$413$215$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $770,000, adding $6,244 every year, while hoping to spend $56,071 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: 51/28/21 Blend
58$770,000$770,000$770,000$770,000
59$854,981$814,171$802,236$893,299
60$882,530$794,406$769,451$900,672
61$911,009$771,793$733,690$902,411
62$940,455$746,135$694,792$903,123
63$970,905$717,219$652,591$902,730
64$1,002,399$684,824$606,914$901,151
65$1,034,977$648,714$557,579$898,302
66$1,068,684$608,640$504,397$894,093
67$1,103,566$564,339$447,170$888,429
68$1,139,670$515,532$385,691$881,212
69$1,177,048$461,925$319,743$872,337
70$1,215,755$403,207$249,103$861,693
71$1,255,847$339,050$173,533$849,167
72$1,297,386$269,105$92,788$834,636
73$1,340,435$193,007$6,612$817,974
74$1,385,062$110,367$0$799,047
75$1,431,340$20,777$0$796,840
76$1,479,346$0$0$794,906
77$1,529,162$0$0$815,150
78$1,580,875$0$0$842,819
79$1,634,579$0$0$871,563
80$1,690,373$0$0$901,437
81$1,748,363$0$0$932,498
82$1,808,664$0$0$964,810
83$1,871,398$0$0$998,439
84$1,936,695$0$0$1,033,458
85$2,004,697$0$0$1,069,944
86$2,075,555$0$0$1,107,980
87$2,149,431$0$0$1,147,656
88$2,226,500$0$0$1,189,069
89$2,306,952$0$0$1,232,323
90$2,390,991$0$0$1,277,531
91$2,478,837$0$0$1,324,816
92$2,570,728$0$0$1,374,307
93$2,666,922$0$0$1,426,150
94$2,767,698$0$0$1,480,497
95$2,873,358$0$0$1,537,518
96$2,984,232$0$0$1,597,394
97$3,100,676$0$0$1,660,324
98$3,223,076$0$0$1,726,522
99$3,351,854$0$0$1,796,224
100$3,487,468$0$0$1,869,683