Can I retire at age 59 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$64,742$64,165$63,603$63,053$62,517$60,882
2 years$32,050$31,454$30,875$30,314$29,770$28,134
3 years$21,155$20,555$19,978$19,423$18,887$17,302
4 years$15,708$15,110$14,539$13,993$13,471$11,947
5 years$12,441$11,847$11,283$10,748$10,240$8,783
6 years$10,263$9,674$9,118$8,595$8,103$6,714
7 years$8,709$8,124$7,577$7,067$6,590$5,269
8 years$7,543$6,964$6,426$5,928$5,467$4,213
9 years$6,637$6,063$5,535$5,049$4,604$3,416
10 years$5,913$5,344$4,825$4,353$3,923$2,800
11 years$5,320$4,758$4,248$3,788$3,374$2,314
12 years$4,827$4,270$3,770$3,323$2,924$1,925
13 years$4,410$3,859$3,368$2,933$2,549$1,610
14 years$4,053$3,508$3,027$2,604$2,235$1,353
15 years$3,744$3,204$2,733$2,322$1,968$1,140
16 years$3,473$2,940$2,477$2,079$1,739$964
17 years$3,235$2,708$2,254$1,868$1,542$817
18 years$3,024$2,502$2,058$1,684$1,371$694
19 years$2,835$2,319$1,884$1,521$1,222$590
20 years$2,665$2,155$1,729$1,378$1,092$503
21 years$2,511$2,007$1,590$1,250$977$429
22 years$2,372$1,874$1,466$1,137$876$366
23 years$2,244$1,752$1,353$1,035$786$313
24 years$2,128$1,642$1,252$944$706$268
25 years$2,021$1,541$1,159$862$636$229
26 years$1,923$1,448$1,075$789$573$196
27 years$1,832$1,363$998$722$516$168
28 years$1,747$1,284$928$661$466$144
29 years$1,669$1,211$864$606$421$124
30 years$1,596$1,144$805$557$380$106
31 years$1,528$1,082$750$511$344$91
32 years$1,464$1,023$700$470$311$78
33 years$1,404$969$653$432$281$67
34 years$1,348$919$610$397$255$57
35 years$1,295$871$571$366$231$49
36 years$1,245$827$534$337$209$42
37 years$1,198$785$500$311$189$36
38 years$1,154$746$468$286$172$31
39 years$1,112$710$438$264$156$27
40 years$1,072$675$411$243$141$23
41 years$1,034$643$385$225$128$20
42 years$998$612$361$207$116$17
43 years$964$583$339$191$106$15
44 years$932$556$318$177$96$13
45 years$901$530$299$163$87$11
46 years$871$506$281$151$79$9
47 years$843$483$264$139$72$8
48 years$816$461$248$129$65$7
49 years$790$440$233$119$59$6
50 years$765$420$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $784,000, adding $5,392 every year, while hoping to spend $31,701 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: 50/26/24 Blend
58$784,000$784,000$784,000$784,000
59$869,530$827,978$815,826$906,892
60$924,492$834,819$809,426$940,275
61$983,998$840,933$801,750$972,903
62$1,048,478$846,251$792,721$1,007,720
63$1,118,404$850,699$782,258$1,044,949
64$1,194,297$854,198$770,279$1,084,833
65$1,276,728$856,667$756,696$1,127,642
66$1,366,326$858,015$741,417$1,173,678
67$1,463,783$858,150$724,347$1,223,272
68$1,569,861$856,971$705,385$1,276,790
69$1,685,397$854,373$684,425$1,334,641
70$1,811,314$850,243$661,359$1,397,274
71$1,948,625$844,462$636,072$1,465,187
72$2,098,447$836,903$608,443$1,538,932
73$2,262,009$827,432$578,346$1,619,117
74$2,440,665$815,907$545,652$1,706,418
75$2,635,904$802,177$510,222$1,801,579
76$2,849,364$786,083$471,913$1,905,426
77$3,082,853$767,455$430,576$2,018,870
78$3,338,358$746,113$386,054$2,142,918
79$3,618,067$721,870$338,183$2,278,685
80$3,924,391$694,523$286,794$2,427,402
81$4,259,985$663,860$231,707$2,590,429
82$4,627,772$629,657$172,737$2,769,271
83$5,030,970$591,676$109,690$2,965,587
84$5,473,127$549,666$42,362$3,181,213
85$5,958,147$503,361$0$3,418,176
86$6,490,332$452,479$0$3,686,266
87$7,074,420$396,725$0$3,992,473
88$7,715,630$335,784$0$4,328,726
89$8,419,712$269,325$0$4,698,103
90$9,192,999$196,998$0$5,103,997
91$10,042,467$118,433$0$5,550,151
92$10,975,801$33,239$0$6,040,693
93$12,001,470$0$0$6,580,175
94$13,128,799$0$0$7,190,496
95$14,368,067$0$0$7,871,963
96$15,730,594$0$0$8,621,303
97$17,228,854$0$0$9,445,387
98$18,876,589$0$0$10,351,787
99$20,688,941$0$0$11,348,842
100$22,682,590$0$0$12,445,744