Can I retire at age 59 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$64,907$64,329$63,765$63,214$62,677$61,588
2 years$32,132$31,534$30,954$30,392$29,846$28,752
3 years$21,209$20,608$20,029$19,472$18,936$17,871
4 years$15,748$15,149$14,576$14,029$13,505$12,478
5 years$12,472$11,877$11,312$10,775$10,266$9,280
6 years$10,289$9,698$9,142$8,617$8,123$7,179
7 years$8,731$8,145$7,597$7,085$6,606$5,704
8 years$7,562$6,981$6,443$5,943$5,481$4,620
9 years$6,654$6,079$5,549$5,062$4,616$3,796
10 years$5,928$5,358$4,838$4,364$3,933$3,154
11 years$5,334$4,770$4,259$3,798$3,382$2,643
12 years$4,839$4,281$3,780$3,331$2,931$2,231
13 years$4,421$3,869$3,377$2,941$2,556$1,893
14 years$4,063$3,517$3,034$2,611$2,240$1,614
15 years$3,753$3,213$2,740$2,328$1,973$1,382
16 years$3,482$2,948$2,484$2,085$1,743$1,187
17 years$3,243$2,715$2,260$1,873$1,546$1,022
18 years$3,031$2,508$2,063$1,688$1,375$882
19 years$2,842$2,325$1,889$1,525$1,225$763
20 years$2,671$2,160$1,733$1,381$1,094$661
21 years$2,517$2,012$1,594$1,254$979$573
22 years$2,378$1,878$1,469$1,140$878$498
23 years$2,250$1,757$1,357$1,038$788$433
24 years$2,134$1,646$1,255$947$708$377
25 years$2,026$1,545$1,162$865$637$328
26 years$1,928$1,452$1,078$791$574$286
27 years$1,836$1,366$1,001$724$518$249
28 years$1,752$1,287$930$663$467$218
29 years$1,673$1,215$866$608$422$190
30 years$1,600$1,147$807$558$381$166
31 years$1,532$1,084$752$512$344$145
32 years$1,468$1,026$702$471$312$127
33 years$1,408$972$655$433$282$111
34 years$1,351$921$612$399$255$97
35 years$1,298$873$572$367$231$85
36 years$1,248$829$535$338$210$74
37 years$1,201$787$501$311$190$65
38 years$1,157$748$469$287$172$57
39 years$1,115$712$440$265$156$50
40 years$1,075$677$412$244$142$43
41 years$1,037$644$386$225$128$38
42 years$1,001$614$362$208$117$33
43 years$966$585$340$192$106$29
44 years$934$557$319$177$96$25
45 years$903$532$300$164$87$22
46 years$873$507$282$151$79$20
47 years$845$484$264$140$72$17
48 years$818$462$249$129$65$15
49 years$792$441$234$119$59$13
50 years$767$421$220$110$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $786,000, adding $3,969 every year, while hoping to spend $58,433 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: 52/27/21 Blend
58$786,000$786,000$786,000$786,000
59$870,266$828,608$816,425$910,277
60$896,861$807,038$781,603$916,707
61$924,210$782,452$743,656$917,324
62$952,329$754,641$702,418$916,758
63$981,232$723,384$657,714$914,918
64$1,010,933$688,446$609,364$911,706
65$1,041,447$649,579$557,176$907,020
66$1,072,787$606,520$500,954$900,749
67$1,104,964$558,993$440,489$892,776
68$1,137,991$506,703$375,565$882,979
69$1,171,876$449,341$305,956$871,227
70$1,206,628$386,580$231,427$857,379
71$1,242,254$318,073$151,730$841,290
72$1,278,760$243,454$66,608$822,803
73$1,316,147$162,337$0$801,751
74$1,354,418$74,315$0$783,389
75$1,393,568$0$0$778,381
76$1,433,594$0$0$777,906
77$1,474,485$0$0$799,965
78$1,516,229$0$0$822,469
79$1,558,809$0$0$845,408
80$1,602,201$0$0$868,766
81$1,646,378$0$0$892,526
82$1,691,304$0$0$916,667
83$1,736,938$0$0$941,163
84$1,783,231$0$0$965,984
85$1,830,122$0$0$991,094
86$1,877,544$0$0$1,016,454
87$1,925,417$0$0$1,042,014
88$1,973,648$0$0$1,067,720
89$2,022,131$0$0$1,093,511
90$2,070,746$0$0$1,119,313
91$2,119,354$0$0$1,145,047
92$2,167,798$0$0$1,170,620
93$2,215,899$0$0$1,195,929
94$2,263,457$0$0$1,220,854
95$2,310,244$0$0$1,245,265
96$2,356,004$0$0$1,269,012
97$2,400,451$0$0$1,291,928
98$2,443,262$0$0$1,313,826
99$2,484,075$0$0$1,334,496
100$2,522,486$0$0$1,353,704