Can I retire at age 59 with 785,000?

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 $785,000?

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$64,825$64,247$63,684$63,134$62,597$60,739
2 years$32,091$31,494$30,914$30,353$29,808$27,952
3 years$21,182$20,581$20,004$19,447$18,911$17,115
4 years$15,728$15,130$14,558$14,011$13,488$11,765
5 years$12,457$11,862$11,297$10,762$10,253$8,608
6 years$10,276$9,686$9,130$8,606$8,113$6,547
7 years$8,720$8,134$7,587$7,076$6,598$5,112
8 years$7,553$6,973$6,434$5,936$5,474$4,066
9 years$6,646$6,071$5,542$5,056$4,610$3,279
10 years$5,920$5,351$4,832$4,358$3,928$2,673
11 years$5,327$4,764$4,254$3,793$3,378$2,196
12 years$4,833$4,276$3,775$3,327$2,927$1,816
13 years$4,416$3,864$3,373$2,937$2,553$1,510
14 years$4,058$3,512$3,030$2,607$2,238$1,261
15 years$3,749$3,209$2,736$2,325$1,970$1,056
16 years$3,478$2,944$2,481$2,082$1,741$887
17 years$3,239$2,711$2,257$1,871$1,544$747
18 years$3,027$2,505$2,061$1,686$1,373$630
19 years$2,838$2,322$1,886$1,523$1,224$533
20 years$2,668$2,158$1,731$1,380$1,093$451
21 years$2,514$2,010$1,592$1,252$978$382
22 years$2,375$1,876$1,468$1,138$877$324
23 years$2,247$1,755$1,355$1,037$787$275
24 years$2,131$1,644$1,253$946$707$233
25 years$2,024$1,543$1,161$864$636$198
26 years$1,925$1,450$1,077$790$573$169
27 years$1,834$1,365$1,000$723$517$143
28 years$1,750$1,286$929$662$466$122
29 years$1,671$1,213$865$607$421$104
30 years$1,598$1,146$806$557$381$88
31 years$1,530$1,083$751$512$344$75
32 years$1,466$1,025$701$470$311$64
33 years$1,406$970$654$433$282$55
34 years$1,350$920$611$398$255$46
35 years$1,297$872$571$366$231$40
36 years$1,247$828$535$337$209$34
37 years$1,200$786$500$311$190$29
38 years$1,155$747$469$287$172$25
39 years$1,113$711$439$264$156$21
40 years$1,073$676$411$244$141$18
41 years$1,035$644$386$225$128$15
42 years$999$613$362$208$116$13
43 years$965$584$340$192$106$11
44 years$933$557$319$177$96$9
45 years$902$531$299$163$87$8
46 years$872$506$281$151$79$7
47 years$844$483$264$139$72$6
48 years$817$461$248$129$65$5
49 years$791$441$233$119$59$4
50 years$766$421$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $785,000, adding $2,995 every year, while hoping to spend $25,935 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: 58/30/12 Blend
58$785,000$785,000$785,000$785,000
59$868,159$826,554$814,387$915,769
60$929,117$839,461$814,074$961,143
61$995,423$852,131$812,882$1,007,430
62$1,067,596$864,524$810,753$1,057,266
63$1,146,205$876,601$807,628$1,110,995
64$1,231,879$888,315$803,444$1,168,996
65$1,325,307$899,619$798,136$1,231,688
66$1,427,250$910,462$791,635$1,299,531
67$1,538,544$920,789$783,869$1,373,034
68$1,660,110$930,542$774,764$1,452,758
69$1,792,962$939,660$764,239$1,539,322
70$1,938,215$948,074$752,212$1,633,409
71$2,097,100$955,716$738,598$1,735,770
72$2,270,967$962,510$723,304$1,847,236
73$2,461,308$968,375$706,237$1,968,721
74$2,669,763$973,227$687,298$2,101,237
75$2,898,139$976,975$666,382$2,245,895
76$3,148,425$979,522$643,381$2,403,925
77$3,422,812$980,767$618,182$2,576,680
78$3,723,714$980,600$590,667$2,765,654
79$4,053,789$978,905$560,710$2,972,494
80$4,415,964$975,561$528,183$3,199,018
81$4,813,465$970,436$492,950$3,447,228
82$5,249,845$963,393$454,869$3,719,335
83$5,729,015$954,285$413,793$4,017,775
84$6,255,286$942,957$369,568$4,345,235
85$6,833,408$929,244$322,030$4,704,678
86$7,468,610$912,972$271,013$5,099,373
87$8,166,656$893,955$216,340$5,532,923
88$8,933,895$871,999$157,827$6,009,301
89$9,777,320$846,895$95,283$6,532,890
90$10,704,639$818,425$28,506$7,108,520
91$11,724,340$786,355$0$7,741,519
92$12,845,776$750,441$0$8,443,235
93$14,079,255$710,422$0$9,218,923
94$15,436,129$666,023$0$10,072,099
95$16,928,909$616,953$0$11,010,667
96$18,571,379$562,905$0$12,043,340
97$20,378,727$503,554$0$13,179,724
98$22,367,685$438,557$0$14,430,406
99$24,556,693$367,549$0$15,807,056
100$26,966,065$290,149$0$17,322,538