Can I retire at age 59 with 789,000?

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 $789,000?

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$65,155$64,575$64,008$63,456$62,916$62,625
2 years$32,255$31,654$31,072$30,508$29,960$29,666
3 years$21,290$20,686$20,106$19,546$19,008$18,720
4 years$15,808$15,207$14,632$14,082$13,557$13,277
5 years$12,520$11,922$11,355$10,816$10,305$10,036
6 years$10,329$9,735$9,176$8,650$8,154$7,894
7 years$8,764$8,176$7,626$7,112$6,632$6,382
8 years$7,591$7,008$6,467$5,966$5,502$5,261
9 years$6,679$6,102$5,570$5,082$4,633$4,403
10 years$5,950$5,378$4,856$4,380$3,948$3,727
11 years$5,354$4,788$4,275$3,812$3,395$3,184
12 years$4,858$4,298$3,794$3,344$2,942$2,741
13 years$4,438$3,884$3,390$2,952$2,566$2,373
14 years$4,079$3,530$3,046$2,621$2,249$2,066
15 years$3,768$3,225$2,750$2,337$1,980$1,806
16 years$3,496$2,959$2,493$2,093$1,750$1,584
17 years$3,256$2,725$2,269$1,880$1,552$1,394
18 years$3,043$2,518$2,071$1,694$1,380$1,230
19 years$2,853$2,334$1,896$1,531$1,230$1,088
20 years$2,682$2,169$1,740$1,387$1,098$964
21 years$2,527$2,020$1,600$1,258$983$856
22 years$2,387$1,885$1,475$1,144$881$761
23 years$2,259$1,763$1,362$1,042$791$678
24 years$2,142$1,652$1,260$950$711$604
25 years$2,034$1,551$1,167$868$640$539
26 years$1,935$1,457$1,082$794$576$481
27 years$1,843$1,371$1,005$726$520$430
28 years$1,759$1,292$934$666$469$385
29 years$1,680$1,219$869$610$423$345
30 years$1,606$1,151$810$560$382$309
31 years$1,537$1,088$755$514$346$277
32 years$1,473$1,030$704$473$313$248
33 years$1,413$975$658$435$283$222
34 years$1,356$924$614$400$256$200
35 years$1,303$877$574$368$232$179
36 years$1,253$832$537$339$210$161
37 years$1,206$790$503$312$191$144
38 years$1,161$751$471$288$173$130
39 years$1,119$714$441$266$157$117
40 years$1,079$680$414$245$142$105
41 years$1,041$647$388$226$129$94
42 years$1,005$616$364$209$117$85
43 years$970$587$341$193$106$76
44 years$937$560$320$178$96$68
45 years$906$534$301$164$88$61
46 years$877$509$283$152$79$55
47 years$848$486$265$140$72$50
48 years$821$464$249$129$66$45
49 years$795$443$234$120$60$40
50 years$770$423$220$111$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $789,000, adding $2,197 every year, while hoping to spend $36,405 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: 67/5/28 Blend
58$789,000$789,000$789,000$789,000
59$871,744$829,927$817,698$923,617
60$921,927$831,859$806,356$960,776
61$976,009$832,665$793,414$997,101
62$1,034,349$832,253$778,780$1,036,020
63$1,097,341$830,521$762,358$1,077,791
64$1,165,419$827,366$744,046$1,122,698
65$1,239,060$822,675$723,740$1,171,059
66$1,318,787$816,329$701,328$1,223,220
67$1,405,177$808,203$676,696$1,279,569
68$1,498,862$798,163$649,723$1,340,530
69$1,600,540$786,066$620,282$1,406,575
70$1,710,976$771,764$588,243$1,478,221
71$1,831,013$755,098$553,466$1,556,045
72$1,961,577$735,898$515,808$1,640,678
73$2,103,688$713,988$475,118$1,732,823
74$2,258,469$689,178$431,239$1,833,251
75$2,427,153$661,268$384,006$1,942,816
76$2,611,101$630,049$333,248$2,062,462
77$2,811,807$595,295$278,786$2,193,229
78$3,030,918$556,771$220,432$2,336,266
79$3,270,246$514,227$157,991$2,492,842
80$3,531,786$467,399$91,258$2,664,357
81$3,817,735$416,008$20,022$2,852,356
82$4,130,509$359,758$0$3,058,545
83$4,472,773$298,338$0$3,301,537
84$4,847,458$231,418$0$3,574,151
85$5,257,792$158,651$0$3,872,763
86$5,707,330$79,669$0$4,199,979
87$6,199,989$0$0$4,558,668
88$6,740,081$0$0$4,952,318
89$7,332,353$0$0$5,388,856
90$7,982,039$0$0$5,867,760
91$8,694,898$0$0$6,393,283
92$9,477,278$0$0$6,970,110
93$10,336,169$0$0$7,603,402
94$11,279,272$0$0$8,298,844
95$12,315,068$0$0$9,062,698
96$13,452,903$0$0$9,901,862
97$14,703,071$0$0$10,823,935
98$16,076,912$0$0$11,837,291
99$17,586,919$0$0$12,951,153
100$19,246,858$0$0$14,175,682