Can I retire at age 59 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$63,999$63,429$62,873$62,330$61,800$61,513
2 years$31,683$31,093$30,521$29,966$29,428$29,139
3 years$20,912$20,319$19,749$19,200$18,671$18,388
4 years$15,528$14,937$14,372$13,832$13,316$13,042
5 years$12,298$11,711$11,153$10,624$10,123$9,858
6 years$10,145$9,563$9,014$8,496$8,010$7,754
7 years$8,609$8,031$7,490$6,985$6,514$6,268
8 years$7,456$6,884$6,352$5,860$5,404$5,168
9 years$6,561$5,994$5,471$4,991$4,551$4,325
10 years$5,845$5,283$4,770$4,303$3,878$3,661
11 years$5,259$4,703$4,199$3,745$3,335$3,128
12 years$4,772$4,221$3,727$3,284$2,890$2,692
13 years$4,359$3,815$3,330$2,900$2,520$2,331
14 years$4,006$3,468$2,992$2,574$2,209$2,029
15 years$3,701$3,168$2,701$2,296$1,945$1,774
16 years$3,434$2,906$2,449$2,055$1,719$1,556
17 years$3,198$2,677$2,229$1,847$1,524$1,369
18 years$2,989$2,473$2,034$1,664$1,355$1,208
19 years$2,802$2,292$1,862$1,504$1,208$1,069
20 years$2,634$2,130$1,709$1,362$1,079$947
21 years$2,482$1,984$1,572$1,236$966$841
22 years$2,344$1,852$1,449$1,124$866$748
23 years$2,219$1,732$1,338$1,024$777$666
24 years$2,104$1,623$1,237$934$698$593
25 years$1,998$1,523$1,146$853$628$530
26 years$1,901$1,431$1,063$780$566$473
27 years$1,811$1,347$987$714$510$423
28 years$1,727$1,269$917$654$460$378
29 years$1,650$1,198$854$600$416$339
30 years$1,578$1,131$795$550$376$303
31 years$1,510$1,069$741$505$340$272
32 years$1,447$1,012$692$464$307$244
33 years$1,388$958$646$427$278$218
34 years$1,332$908$603$393$252$196
35 years$1,280$861$564$362$228$176
36 years$1,231$817$528$333$207$158
37 years$1,184$776$494$307$187$142
38 years$1,140$738$463$283$170$127
39 years$1,099$702$433$261$154$114
40 years$1,060$667$406$241$140$103
41 years$1,022$635$381$222$127$92
42 years$987$605$357$205$115$83
43 years$953$577$335$189$104$75
44 years$921$550$315$175$95$67
45 years$890$524$296$161$86$60
46 years$861$500$278$149$78$54
47 years$833$477$261$138$71$49
48 years$807$455$245$127$64$44
49 years$781$435$230$118$58$40
50 years$757$415$217$109$53$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $775,000, adding $2,593 every year, while hoping to spend $55,785 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: 68/20/12 Blend
58$775,000$775,000$775,000$775,000
59$856,725$815,650$803,637$912,563
60$884,756$796,262$771,204$930,638
61$913,776$774,054$735,815$943,492
62$943,829$748,830$697,312$956,105
63$974,957$720,380$655,529$968,447
64$1,007,208$688,484$610,295$980,483
65$1,040,632$652,909$561,429$992,182
66$1,075,282$613,407$508,743$1,003,508
67$1,111,215$569,718$452,039$1,014,423
68$1,148,489$521,565$391,113$1,024,889
69$1,187,170$468,656$325,750$1,034,868
70$1,227,324$410,683$255,725$1,044,316
71$1,269,024$347,319$180,805$1,053,191
72$1,312,348$278,221$100,746$1,061,450
73$1,357,378$203,025$15,292$1,069,045
74$1,404,203$121,346$0$1,075,930
75$1,452,919$32,778$0$1,091,776
76$1,503,625$0$0$1,109,535
77$1,556,433$0$0$1,141,124
78$1,611,460$0$0$1,181,565
79$1,668,832$0$0$1,223,738
80$1,728,686$0$0$1,267,746
81$1,791,168$0$0$1,313,696
82$1,856,437$0$0$1,361,707
83$1,924,665$0$0$1,411,907
84$1,996,036$0$0$1,464,433
85$2,070,751$0$0$1,519,435
86$2,149,027$0$0$1,577,075
87$2,231,101$0$0$1,637,528
88$2,317,226$0$0$1,700,984
89$2,407,680$0$0$1,767,650
90$2,502,764$0$0$1,837,751
91$2,602,807$0$0$1,911,530
92$2,708,164$0$0$1,989,255
93$2,819,223$0$0$2,071,214
94$2,936,407$0$0$2,157,723
95$3,060,177$0$0$2,249,126
96$3,191,036$0$0$2,345,799
97$3,329,532$0$0$2,448,151
98$3,476,265$0$0$2,556,630
99$3,631,888$0$0$2,671,725
100$3,797,118$0$0$2,793,971