Can I retire at age 59 with 790,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$65,237$64,656$64,089$63,536$62,996$62,312
2 years$32,296$31,694$31,111$30,546$29,998$29,309
3 years$21,317$20,713$20,131$19,571$19,032$18,360
4 years$15,828$15,226$14,650$14,100$13,574$12,924
5 years$12,536$11,937$11,369$10,830$10,319$9,692
6 years$10,342$9,748$9,188$8,661$8,165$7,563
7 years$8,775$8,186$7,635$7,121$6,640$6,063
8 years$7,601$7,017$6,475$5,973$5,509$4,956
9 years$6,688$6,110$5,577$5,088$4,639$4,111
10 years$5,958$5,385$4,862$4,386$3,953$3,449
11 years$5,361$4,794$4,281$3,817$3,399$2,920
12 years$4,864$4,303$3,799$3,348$2,946$2,489
13 years$4,444$3,889$3,394$2,956$2,569$2,135
14 years$4,084$3,535$3,050$2,624$2,252$1,840
15 years$3,772$3,229$2,753$2,340$1,983$1,592
16 years$3,500$2,963$2,496$2,095$1,752$1,383
17 years$3,260$2,728$2,272$1,883$1,554$1,204
18 years$3,047$2,521$2,074$1,697$1,382$1,052
19 years$2,856$2,337$1,898$1,533$1,231$920
20 years$2,685$2,171$1,742$1,388$1,100$807
21 years$2,530$2,022$1,603$1,260$984$708
22 years$2,390$1,888$1,477$1,146$882$623
23 years$2,262$1,766$1,364$1,043$792$548
24 years$2,144$1,654$1,261$952$712$483
25 years$2,037$1,553$1,168$869$641$426
26 years$1,938$1,459$1,083$795$577$376
27 years$1,846$1,373$1,006$727$520$332
28 years$1,761$1,294$935$666$469$294
29 years$1,682$1,221$870$611$424$260
30 years$1,608$1,153$811$561$383$230
31 years$1,539$1,090$756$515$346$203
32 years$1,475$1,031$705$473$313$180
33 years$1,415$977$658$435$283$160
34 years$1,358$926$615$401$257$141
35 years$1,305$878$575$369$232$125
36 years$1,255$833$538$340$211$111
37 years$1,207$791$504$313$191$98
38 years$1,163$752$472$288$173$87
39 years$1,120$715$442$266$157$77
40 years$1,080$680$414$245$142$69
41 years$1,042$648$388$226$129$61
42 years$1,006$617$364$209$117$54
43 years$971$588$342$193$106$48
44 years$939$560$321$178$97$43
45 years$907$534$301$164$88$38
46 years$878$510$283$152$80$34
47 years$849$486$266$140$72$30
48 years$822$464$250$130$66$26
49 years$796$443$235$120$60$23
50 years$771$424$221$111$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $790,000, adding $4,879 every year, while hoping to spend $29,413 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: 69/14/17 Blend
58$790,000$790,000$790,000$790,000
59$875,613$833,743$821,498$932,157
60$933,630$843,301$817,723$980,026
61$996,579$852,342$812,835$1,028,442
62$1,064,932$860,809$806,767$1,080,678
63$1,139,209$868,641$799,447$1,137,108
64$1,219,979$875,776$790,800$1,198,142
65$1,307,873$882,145$780,747$1,264,236
66$1,403,580$887,674$769,207$1,335,890
67$1,507,862$892,287$756,092$1,413,656
68$1,621,556$895,901$741,313$1,498,142
69$1,745,583$898,428$724,775$1,590,020
70$1,880,958$899,777$706,381$1,690,031
71$2,028,796$899,847$686,026$1,798,990
72$2,190,328$898,534$663,602$1,917,798
73$2,366,906$895,726$638,997$2,047,447
74$2,560,019$891,305$612,092$2,189,033
75$2,771,308$885,147$582,764$2,343,762
76$3,002,579$877,116$550,884$2,512,965
77$3,255,820$867,073$516,317$2,698,111
78$3,533,222$854,867$478,922$2,900,817
79$3,837,196$840,341$438,551$3,122,869
80$4,170,398$823,326$395,050$3,366,235
81$4,535,753$803,644$348,259$3,633,085
82$4,936,485$781,107$298,010$3,925,811
83$5,376,140$755,515$244,128$4,247,053
84$5,858,628$726,657$186,428$4,599,719
85$6,388,255$694,311$124,720$4,987,017
86$6,969,764$658,238$58,805$5,412,483
87$7,608,378$618,191$0$5,880,017
88$8,309,854$573,903$0$6,396,012
89$9,080,531$525,096$0$6,974,634
90$9,927,394$471,474$0$7,610,472
91$10,858,137$412,725$0$8,309,330
92$11,881,237$348,520$0$9,077,607
93$13,006,035$278,508$0$9,922,352
94$14,242,818$202,323$0$10,851,335
95$15,602,924$119,575$0$11,873,117
96$17,098,841$29,854$0$12,997,135
97$18,744,332$0$0$14,233,790
98$20,554,557$0$0$15,604,905
99$22,546,221$0$0$17,118,559
100$24,737,730$0$0$18,784,147