Can I retire at age 59 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$63,834$63,265$62,710$62,169$61,640$59,811
2 years$31,601$31,012$30,442$29,889$29,352$27,525
3 years$20,858$20,267$19,698$19,150$18,622$16,853
4 years$15,488$14,898$14,335$13,797$13,282$11,585
5 years$12,266$11,680$11,125$10,597$10,096$8,476
6 years$10,119$9,538$8,990$8,475$7,989$6,447
7 years$8,586$8,010$7,471$6,967$6,497$5,034
8 years$7,437$6,866$6,336$5,845$5,390$4,004
9 years$6,544$5,978$5,457$4,978$4,539$3,229
10 years$5,830$5,269$4,758$4,291$3,868$2,632
11 years$5,246$4,691$4,189$3,735$3,326$2,163
12 years$4,759$4,210$3,717$3,276$2,882$1,789
13 years$4,348$3,805$3,321$2,892$2,514$1,487
14 years$3,996$3,459$2,984$2,567$2,203$1,241
15 years$3,691$3,160$2,694$2,290$1,940$1,040
16 years$3,425$2,899$2,443$2,050$1,715$873
17 years$3,190$2,670$2,223$1,842$1,520$735
18 years$2,981$2,467$2,029$1,660$1,352$621
19 years$2,795$2,286$1,858$1,500$1,205$524
20 years$2,627$2,125$1,705$1,359$1,076$444
21 years$2,476$1,979$1,568$1,233$963$376
22 years$2,338$1,847$1,445$1,121$863$319
23 years$2,213$1,728$1,334$1,021$775$271
24 years$2,098$1,619$1,234$931$697$230
25 years$1,993$1,519$1,143$850$627$195
26 years$1,896$1,428$1,060$778$565$166
27 years$1,806$1,344$984$712$509$141
28 years$1,723$1,266$915$652$459$120
29 years$1,646$1,194$852$598$415$102
30 years$1,573$1,128$793$549$375$87
31 years$1,506$1,066$739$504$339$74
32 years$1,443$1,009$690$463$306$63
33 years$1,384$956$644$426$277$54
34 years$1,329$906$602$392$251$46
35 years$1,277$859$563$361$227$39
36 years$1,228$815$526$332$206$33
37 years$1,181$774$493$306$187$28
38 years$1,138$736$461$282$169$24
39 years$1,096$700$432$260$154$21
40 years$1,057$666$405$240$139$18
41 years$1,020$634$380$221$126$15
42 years$984$604$356$204$115$13
43 years$950$575$334$189$104$11
44 years$918$548$314$174$94$9
45 years$888$523$295$161$86$8
46 years$859$499$277$149$78$7
47 years$831$476$260$137$71$6
48 years$804$454$244$127$64$5
49 years$779$434$230$117$58$4
50 years$755$414$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $773,000, adding $5,055 every year, while hoping to spend $57,665 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: 53/30/17 Blend
58$773,000$773,000$773,000$773,000
59$857,060$816,091$804,110$898,288
60$883,125$794,725$769,692$905,697
61$909,916$770,378$732,189$907,238
62$937,446$742,845$691,436$907,641
63$965,728$711,907$647,262$906,815
64$994,774$677,332$599,486$904,662
65$1,024,594$638,874$547,922$901,079
66$1,055,198$596,275$492,374$895,957
67$1,086,597$549,261$432,636$889,178
68$1,118,797$497,542$368,497$880,619
69$1,151,804$440,812$299,732$870,147
70$1,185,624$378,747$226,108$857,622
71$1,220,257$311,005$147,382$842,896
72$1,255,704$237,225$63,301$825,811
73$1,291,963$157,027$0$806,198
74$1,329,028$70,006$0$788,674
75$1,366,890$0$0$780,819
76$1,405,537$0$0$779,001
77$1,444,951$0$0$800,701
78$1,485,111$0$0$822,794
79$1,525,989$0$0$845,265
80$1,567,553$0$0$868,092
81$1,609,763$0$0$891,250
82$1,652,571$0$0$914,711
83$1,695,923$0$0$938,440
84$1,739,751$0$0$962,398
85$1,783,982$0$0$986,540
86$1,828,528$0$0$1,010,812
87$1,873,289$0$0$1,035,154
88$1,918,150$0$0$1,059,499
89$1,962,982$0$0$1,083,767
90$2,007,635$0$0$1,107,871
91$2,051,943$0$0$1,131,711
92$2,095,715$0$0$1,155,175
93$2,138,738$0$0$1,178,134
94$2,180,771$0$0$1,200,446
95$2,221,544$0$0$1,221,953
96$2,260,752$0$0$1,242,473
97$2,298,058$0$0$1,261,806
98$2,333,080$0$0$1,279,728
99$2,365,393$0$0$1,295,989
100$2,394,525$0$0$1,310,309