Can I retire at age 59 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$65,237$64,656$64,089$63,536$62,996$61,077
2 years$32,296$31,694$31,111$30,546$29,998$28,081
3 years$21,317$20,713$20,131$19,571$19,032$17,178
4 years$15,828$15,226$14,650$14,100$13,574$11,796
5 years$12,536$11,937$11,369$10,830$10,319$8,622
6 years$10,342$9,748$9,188$8,661$8,165$6,551
7 years$8,775$8,186$7,635$7,121$6,640$5,109
8 years$7,601$7,017$6,475$5,973$5,509$4,059
9 years$6,688$6,110$5,577$5,088$4,639$3,270
10 years$5,958$5,385$4,862$4,386$3,953$2,661
11 years$5,361$4,794$4,281$3,817$3,399$2,184
12 years$4,864$4,303$3,799$3,348$2,946$1,804
13 years$4,444$3,889$3,394$2,956$2,569$1,498
14 years$4,084$3,535$3,050$2,624$2,252$1,248
15 years$3,772$3,229$2,753$2,340$1,983$1,044
16 years$3,500$2,963$2,496$2,095$1,752$876
17 years$3,260$2,728$2,272$1,883$1,554$737
18 years$3,047$2,521$2,074$1,697$1,382$621
19 years$2,856$2,337$1,898$1,533$1,231$524
20 years$2,685$2,171$1,742$1,388$1,100$442
21 years$2,530$2,022$1,603$1,260$984$374
22 years$2,390$1,888$1,477$1,146$882$317
23 years$2,262$1,766$1,364$1,043$792$268
24 years$2,144$1,654$1,261$952$712$228
25 years$2,037$1,553$1,168$869$641$193
26 years$1,938$1,459$1,083$795$577$164
27 years$1,846$1,373$1,006$727$520$139
28 years$1,761$1,294$935$666$469$118
29 years$1,682$1,221$870$611$424$100
30 years$1,608$1,153$811$561$383$85
31 years$1,539$1,090$756$515$346$73
32 years$1,475$1,031$705$473$313$62
33 years$1,415$977$658$435$283$52
34 years$1,358$926$615$401$257$45
35 years$1,305$878$575$369$232$38
36 years$1,255$833$538$340$211$32
37 years$1,207$791$504$313$191$27
38 years$1,163$752$472$288$173$23
39 years$1,120$715$442$266$157$20
40 years$1,080$680$414$245$142$17
41 years$1,042$648$388$226$129$14
42 years$1,006$617$364$209$117$12
43 years$971$588$342$193$106$10
44 years$939$560$321$178$97$9
45 years$907$534$301$164$88$8
46 years$878$510$283$152$80$6
47 years$849$486$266$140$72$5
48 years$822$464$250$130$66$5
49 years$796$443$235$120$60$4
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $790,000, adding $3,909 every year, while hoping to spend $58,341 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: 88/7/5 Blend
58$790,000$790,000$790,000$790,000
59$874,612$832,742$820,497$951,329
60$901,748$811,472$785,909$980,566
61$929,697$787,205$748,208$1,004,125
62$958,479$759,731$707,226$1,028,093
63$988,117$728,831$662,791$1,052,467
64$1,018,632$694,270$614,721$1,077,241
65$1,050,046$655,803$562,828$1,102,408
66$1,082,380$613,167$506,912$1,127,962
67$1,115,658$566,087$446,769$1,153,891
68$1,149,900$514,270$382,181$1,180,186
69$1,185,129$457,409$312,923$1,206,833
70$1,221,366$395,176$238,760$1,233,818
71$1,258,634$327,228$159,447$1,261,123
72$1,296,952$253,200$74,726$1,288,730
73$1,336,342$172,707$0$1,316,616
74$1,376,823$85,344$0$1,345,594
75$1,418,415$0$0$1,379,107
76$1,461,136$0$0$1,413,868
77$1,505,002$0$0$1,456,311
78$1,550,030$0$0$1,499,877
79$1,596,234$0$0$1,544,580
80$1,643,625$0$0$1,590,432
81$1,692,215$0$0$1,637,442
82$1,742,011$0$0$1,685,618
83$1,793,017$0$0$1,734,965
84$1,845,235$0$0$1,785,484
85$1,898,663$0$0$1,837,172
86$1,953,296$0$0$1,890,024
87$2,009,121$0$0$1,944,029
88$2,066,124$0$0$1,999,171
89$2,124,280$0$0$2,055,428
90$2,183,563$0$0$2,112,772
91$2,243,934$0$0$2,171,167
92$2,305,348$0$0$2,230,570
93$2,367,752$0$0$2,290,928
94$2,431,080$0$0$2,352,176
95$2,495,254$0$0$2,414,240
96$2,560,185$0$0$2,477,032
97$2,625,767$0$0$2,540,450
98$2,691,878$0$0$2,604,375
99$2,758,378$0$0$2,668,672
100$2,825,107$0$0$2,733,185