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%15.4%
1 years$65,237$64,656$64,089$63,536$62,996$61,598
2 years$32,296$31,694$31,111$30,546$29,998$28,597
3 years$21,317$20,713$20,131$19,571$19,032$17,672
4 years$15,828$15,226$14,650$14,100$13,574$12,264
5 years$12,536$11,937$11,369$10,830$10,319$9,064
6 years$10,342$9,748$9,188$8,661$8,165$6,966
7 years$8,775$8,186$7,635$7,121$6,640$5,498
8 years$7,601$7,017$6,475$5,973$5,509$4,422
9 years$6,688$6,110$5,577$5,088$4,639$3,607
10 years$5,958$5,385$4,862$4,386$3,953$2,975
11 years$5,361$4,794$4,281$3,817$3,399$2,475
12 years$4,864$4,303$3,799$3,348$2,946$2,072
13 years$4,444$3,889$3,394$2,956$2,569$1,745
14 years$4,084$3,535$3,050$2,624$2,252$1,476
15 years$3,772$3,229$2,753$2,340$1,983$1,253
16 years$3,500$2,963$2,496$2,095$1,752$1,067
17 years$3,260$2,728$2,272$1,883$1,554$911
18 years$3,047$2,521$2,074$1,697$1,382$779
19 years$2,856$2,337$1,898$1,533$1,231$668
20 years$2,685$2,171$1,742$1,388$1,100$573
21 years$2,530$2,022$1,603$1,260$984$493
22 years$2,390$1,888$1,477$1,146$882$424
23 years$2,262$1,766$1,364$1,043$792$365
24 years$2,144$1,654$1,261$952$712$315
25 years$2,037$1,553$1,168$869$641$272
26 years$1,938$1,459$1,083$795$577$235
27 years$1,846$1,373$1,006$727$520$203
28 years$1,761$1,294$935$666$469$175
29 years$1,682$1,221$870$611$424$151
30 years$1,608$1,153$811$561$383$131
31 years$1,539$1,090$756$515$346$113
32 years$1,475$1,031$705$473$313$98
33 years$1,415$977$658$435$283$85
34 years$1,358$926$615$401$257$73
35 years$1,305$878$575$369$232$64
36 years$1,255$833$538$340$211$55
37 years$1,207$791$504$313$191$48
38 years$1,163$752$472$288$173$41
39 years$1,120$715$442$266$157$36
40 years$1,080$680$414$245$142$31
41 years$1,042$648$388$226$129$27
42 years$1,006$617$364$209$117$23
43 years$971$588$342$193$106$20
44 years$939$560$321$178$97$17
45 years$907$534$301$164$88$15
46 years$878$510$283$152$80$13
47 years$849$486$266$140$72$11
48 years$822$464$250$130$66$10
49 years$796$443$235$120$60$8
50 years$771$424$221$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $790,000, adding $6,630 every year, while hoping to spend $47,020 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: 40/34/26 Blend
58$790,000$790,000$790,000$790,000
59$877,419$835,549$823,304$905,551
60$916,887$826,462$800,856$917,438
61$958,804$815,354$776,079$925,400
62$1,003,372$802,076$748,848$933,100
63$1,050,809$786,470$719,027$940,542
64$1,101,354$768,370$686,478$947,735
65$1,155,272$747,600$651,054$954,693
66$1,212,849$723,971$612,603$961,435
67$1,274,400$697,287$570,966$967,987
68$1,340,271$667,336$525,976$974,382
69$1,410,842$633,899$477,460$980,660
70$1,486,528$596,740$425,234$986,873
71$1,567,784$555,611$369,110$993,083
72$1,655,113$510,250$308,890$999,364
73$1,749,062$460,380$244,365$1,005,803
74$1,850,235$405,708$175,321$1,012,504
75$1,959,296$345,924$101,530$1,019,588
76$2,076,971$280,701$22,759$1,027,197
77$2,204,061$209,694$0$1,035,492
78$2,341,444$132,538$0$1,061,671
79$2,490,085$48,847$0$1,096,785
80$2,651,048$0$0$1,134,837
81$2,825,498$0$0$1,191,821
82$3,014,720$0$0$1,273,539
83$3,220,124$0$0$1,362,338
84$3,443,263$0$0$1,458,899
85$3,685,846$0$0$1,563,975
86$3,949,750$0$0$1,678,390
87$4,237,042$0$0$1,803,055
88$4,549,997$0$0$1,938,969
89$4,891,119$0$0$2,087,236
90$5,263,161$0$0$2,249,065
91$5,669,155$0$0$2,425,793
92$6,112,439$0$0$2,618,888
93$6,596,686$0$0$2,829,967
94$7,125,942$0$0$3,060,810
95$7,704,657$0$0$3,313,378
96$8,337,736$0$0$3,589,830
97$9,030,575$0$0$3,892,542
98$9,789,120$0$0$4,224,132
99$10,619,914$0$0$4,587,483
100$11,530,168$0$0$4,985,769