Can I retire at age 59 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,916$63,347$62,791$62,249$61,720$60,400
2 years$31,642$31,052$30,481$29,928$29,390$28,067
3 years$20,885$20,293$19,723$19,175$18,646$17,361
4 years$15,508$14,918$14,354$13,814$13,299$12,061
5 years$12,282$11,696$11,139$10,611$10,110$8,923
6 years$10,132$9,550$9,002$8,486$7,999$6,865
7 years$8,597$8,020$7,481$6,976$6,506$5,424
8 years$7,447$6,875$6,344$5,852$5,397$4,368
9 years$6,552$5,986$5,464$4,985$4,545$3,568
10 years$5,837$5,276$4,764$4,297$3,873$2,946
11 years$5,253$4,697$4,194$3,740$3,331$2,453
12 years$4,766$4,216$3,722$3,280$2,886$2,057
13 years$4,354$3,810$3,325$2,896$2,517$1,734
14 years$4,001$3,463$2,988$2,571$2,206$1,469
15 years$3,696$3,164$2,698$2,293$1,943$1,249
16 years$3,429$2,903$2,446$2,053$1,717$1,065
17 years$3,194$2,673$2,226$1,844$1,522$910
18 years$2,985$2,470$2,032$1,662$1,354$780
19 years$2,798$2,289$1,860$1,502$1,206$670
20 years$2,631$2,127$1,707$1,360$1,078$576
21 years$2,479$1,981$1,570$1,235$964$496
22 years$2,341$1,850$1,447$1,122$864$427
23 years$2,216$1,730$1,336$1,022$776$369
24 years$2,101$1,621$1,236$932$697$318
25 years$1,995$1,521$1,144$851$628$275
26 years$1,898$1,430$1,061$779$565$238
27 years$1,808$1,345$986$713$510$206
28 years$1,725$1,268$916$653$460$178
29 years$1,648$1,196$853$599$415$154
30 years$1,576$1,129$794$550$375$134
31 years$1,508$1,068$740$505$339$116
32 years$1,445$1,010$691$464$307$100
33 years$1,386$957$645$427$278$87
34 years$1,331$907$603$392$251$75
35 years$1,278$860$563$361$228$65
36 years$1,229$816$527$333$206$57
37 years$1,183$775$493$307$187$49
38 years$1,139$737$462$283$170$43
39 years$1,098$701$433$261$154$37
40 years$1,058$667$406$240$139$32
41 years$1,021$635$380$222$127$28
42 years$985$604$357$205$115$24
43 years$952$576$335$189$104$21
44 years$920$549$314$174$95$18
45 years$889$523$295$161$86$16
46 years$860$499$277$149$78$14
47 years$832$476$260$137$71$12
48 years$805$455$245$127$64$10
49 years$780$434$230$117$58$9
50 years$756$415$216$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $774,000, adding $2,282 every year, while hoping to spend $25,080 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: 30/40/30 Blend
58$774,000$774,000$774,000$774,000
59$855,302$814,280$802,283$873,041
60$915,858$827,495$802,474$900,414
61$981,750$840,516$801,832$927,514
62$1,053,496$853,309$800,301$956,178
63$1,131,665$865,834$797,824$986,562
64$1,216,886$878,051$794,341$1,018,838
65$1,309,847$889,914$789,791$1,053,196
66$1,411,309$901,377$784,106$1,089,845
67$1,522,107$912,390$777,219$1,129,022
68$1,643,163$922,897$769,056$1,170,984
69$1,775,488$932,843$759,543$1,216,019
70$1,920,200$942,164$748,599$1,264,446
71$2,078,526$950,796$736,143$1,316,617
72$2,251,819$958,668$722,087$1,372,924
73$2,441,569$965,707$706,341$1,433,800
74$2,649,415$971,832$688,809$1,499,725
75$2,877,163$976,960$669,393$1,571,228
76$3,126,804$981,001$647,987$1,648,899
77$3,400,527$983,859$624,484$1,733,387
78$3,700,746$985,433$598,769$1,825,412
79$4,030,118$985,615$570,724$1,925,772
80$4,391,570$984,291$540,224$2,035,348
81$4,788,328$981,339$507,139$2,155,113
82$5,223,943$976,630$471,333$2,286,148
83$5,702,328$970,028$432,666$2,429,642
84$6,227,792$961,386$390,987$2,586,916
85$6,805,085$950,552$346,142$2,759,425
86$7,439,436$937,361$297,971$2,948,781
87$8,136,608$921,641$246,302$3,156,764
88$8,902,949$903,209$190,961$3,385,341
89$9,745,455$881,871$131,763$3,636,686
90$10,671,829$857,421$68,515$3,913,201
91$11,690,563$829,642$1,017$4,217,538
92$12,811,009$798,303$0$4,552,630
93$14,043,472$763,160$0$4,944,444
94$15,399,308$723,957$0$5,375,649
95$16,891,026$680,419$0$5,849,940
96$18,532,411$632,260$0$6,371,752
97$20,338,649$579,173$0$6,945,978
98$22,326,476$520,837$0$7,578,015
99$24,514,330$456,911$0$8,273,813
100$26,922,527$387,035$0$9,039,939