Can I retire at age 59 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$64,577$64,002$63,440$62,893$62,358$60,974
2 years$31,969$31,373$30,796$30,237$29,694$28,307
3 years$21,101$20,503$19,927$19,373$18,839$17,493
4 years$15,668$15,072$14,502$13,957$13,436$12,140
5 years$12,409$11,816$11,254$10,720$10,214$8,972
6 years$10,237$9,649$9,095$8,573$8,082$6,896
7 years$8,686$8,103$7,558$7,049$6,573$5,442
8 years$7,524$6,946$6,410$5,913$5,453$4,377
9 years$6,620$6,048$5,521$5,036$4,592$3,571
10 years$5,898$5,331$4,813$4,341$3,913$2,945
11 years$5,307$4,746$4,237$3,778$3,365$2,449
12 years$4,815$4,259$3,761$3,314$2,916$2,051
13 years$4,399$3,849$3,360$2,926$2,543$1,727
14 years$4,043$3,499$3,019$2,597$2,229$1,461
15 years$3,734$3,196$2,726$2,316$1,963$1,240
16 years$3,465$2,933$2,471$2,074$1,735$1,056
17 years$3,227$2,701$2,249$1,863$1,538$902
18 years$3,016$2,496$2,053$1,679$1,368$771
19 years$2,827$2,313$1,879$1,517$1,219$661
20 years$2,658$2,149$1,725$1,374$1,089$568
21 years$2,505$2,002$1,586$1,247$974$488
22 years$2,366$1,869$1,462$1,134$873$420
23 years$2,239$1,748$1,350$1,033$784$362
24 years$2,123$1,638$1,248$942$705$312
25 years$2,016$1,537$1,156$860$634$269
26 years$1,918$1,444$1,072$787$571$232
27 years$1,827$1,359$996$720$515$201
28 years$1,743$1,281$926$660$465$173
29 years$1,665$1,208$861$605$420$150
30 years$1,592$1,141$802$555$379$130
31 years$1,524$1,079$748$510$343$112
32 years$1,460$1,021$698$469$310$97
33 years$1,400$967$652$431$281$84
34 years$1,344$916$609$396$254$73
35 years$1,292$869$569$365$230$63
36 years$1,242$825$533$336$208$54
37 years$1,195$783$498$310$189$47
38 years$1,151$744$467$285$171$41
39 years$1,109$708$437$263$155$35
40 years$1,069$674$410$243$141$31
41 years$1,031$641$384$224$128$27
42 years$996$611$361$207$116$23
43 years$962$582$338$191$105$20
44 years$929$555$318$176$96$17
45 years$898$529$298$163$87$15
46 years$869$504$280$150$79$13
47 years$841$481$263$139$72$11
48 years$814$460$247$128$65$10
49 years$788$439$232$119$59$8
50 years$764$419$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $782,000, adding $6,564 every year, while hoping to spend $31,506 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: 71/10/19 Blend
58$782,000$782,000$782,000$782,000
59$868,535$827,089$814,968$925,785
60$923,603$834,094$808,747$971,757
61$983,233$840,386$801,262$1,017,691
62$1,047,855$845,898$792,437$1,067,189
63$1,117,945$850,556$782,193$1,120,600
64$1,194,026$854,284$770,447$1,178,309
65$1,276,672$856,999$757,111$1,240,739
66$1,366,514$858,613$742,096$1,308,357
67$1,464,248$859,035$725,306$1,381,680
68$1,570,639$858,166$706,642$1,461,276
69$1,686,529$855,901$685,999$1,547,773
70$1,812,844$852,128$663,269$1,641,862
71$1,950,603$846,731$638,337$1,744,306
72$2,100,928$839,585$611,085$1,855,946
73$2,265,054$830,556$581,388$1,977,711
74$2,444,340$819,504$549,115$2,110,624
75$2,640,284$806,281$514,132$2,255,814
76$2,854,533$790,728$476,295$2,414,526
77$3,088,900$772,679$435,456$2,588,132
78$3,345,384$751,957$391,460$2,778,147
79$3,626,184$728,373$344,144$2,986,240
80$3,933,722$701,731$293,340$3,214,252
81$4,270,665$671,819$238,871$3,464,214
82$4,639,952$638,417$180,552$3,738,365
83$5,044,816$601,289$118,189$4,039,173
84$5,488,822$560,186$51,583$4,369,362
85$5,975,893$514,847$0$4,731,932
86$6,510,353$464,993$0$5,134,148
87$7,096,963$410,331$0$5,587,123
88$7,740,967$350,551$0$6,084,459
89$8,448,143$285,326$0$6,630,642
90$9,224,856$214,309$0$7,230,615
91$10,078,116$137,135$0$7,889,825
92$11,015,646$53,417$0$8,614,275
93$12,045,956$0$0$9,410,578
94$13,178,419$0$0$10,290,122
95$14,423,362$0$0$11,263,531
96$15,792,163$0$0$12,333,828
97$17,297,357$0$0$13,510,820
98$18,952,753$0$0$14,805,311
99$20,773,569$0$0$16,229,207
100$22,776,568$0$0$17,795,624