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%13.7%
1 years$65,237$64,656$64,089$63,536$62,996$62,029
2 years$32,296$31,694$31,111$30,546$29,998$29,026
3 years$21,317$20,713$20,131$19,571$19,032$18,085
4 years$15,828$15,226$14,650$14,100$13,574$12,660
5 years$12,536$11,937$11,369$10,830$10,319$9,440
6 years$10,342$9,748$9,188$8,661$8,165$7,322
7 years$8,775$8,186$7,635$7,121$6,640$5,834
8 years$7,601$7,017$6,475$5,973$5,509$4,739
9 years$6,688$6,110$5,577$5,088$4,639$3,906
10 years$5,958$5,385$4,862$4,386$3,953$3,255
11 years$5,361$4,794$4,281$3,817$3,399$2,736
12 years$4,864$4,303$3,799$3,348$2,946$2,317
13 years$4,444$3,889$3,394$2,956$2,569$1,973
14 years$4,084$3,535$3,050$2,624$2,252$1,688
15 years$3,772$3,229$2,753$2,340$1,983$1,450
16 years$3,500$2,963$2,496$2,095$1,752$1,249
17 years$3,260$2,728$2,272$1,883$1,554$1,080
18 years$3,047$2,521$2,074$1,697$1,382$935
19 years$2,856$2,337$1,898$1,533$1,231$812
20 years$2,685$2,171$1,742$1,388$1,100$706
21 years$2,530$2,022$1,603$1,260$984$615
22 years$2,390$1,888$1,477$1,146$882$536
23 years$2,262$1,766$1,364$1,043$792$468
24 years$2,144$1,654$1,261$952$712$409
25 years$2,037$1,553$1,168$869$641$357
26 years$1,938$1,459$1,083$795$577$313
27 years$1,846$1,373$1,006$727$520$274
28 years$1,761$1,294$935$666$469$240
29 years$1,682$1,221$870$611$424$210
30 years$1,608$1,153$811$561$383$184
31 years$1,539$1,090$756$515$346$162
32 years$1,475$1,031$705$473$313$142
33 years$1,415$977$658$435$283$125
34 years$1,358$926$615$401$257$109
35 years$1,305$878$575$369$232$96
36 years$1,255$833$538$340$211$84
37 years$1,207$791$504$313$191$74
38 years$1,163$752$472$288$173$65
39 years$1,120$715$442$266$157$57
40 years$1,080$680$414$245$142$50
41 years$1,042$648$388$226$129$44
42 years$1,006$617$364$209$117$39
43 years$971$588$342$193$106$34
44 years$939$560$321$178$97$30
45 years$907$534$301$164$88$26
46 years$878$510$283$152$80$23
47 years$849$486$266$140$72$20
48 years$822$464$250$130$66$18
49 years$796$443$235$120$60$16
50 years$771$424$221$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $790,000, adding $2,829 every year, while hoping to spend $58,420 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: 34/47/19 Blend
58$790,000$790,000$790,000$790,000
59$873,498$831,628$819,383$898,011
60$900,436$810,219$784,674$894,903
61$928,165$785,804$746,844$885,952
62$956,701$758,172$705,727$875,076
63$986,065$727,103$661,150$862,141
64$1,016,276$692,363$612,930$847,001
65$1,047,351$653,704$560,878$829,505
66$1,079,310$610,864$504,797$809,492
67$1,112,169$563,567$444,477$786,791
68$1,145,948$511,519$379,705$761,223
69$1,180,663$454,411$310,253$732,597
70$1,216,330$391,917$235,886$700,713
71$1,252,966$323,691$156,358$665,356
72$1,290,584$249,368$71,412$626,303
73$1,329,199$168,562$0$583,316
74$1,368,822$80,866$0$540,045
75$1,409,463$0$0$508,028
76$1,451,133$0$0$479,868
77$1,493,837$0$0$493,857
78$1,537,579$0$0$508,172
79$1,582,361$0$0$522,811
80$1,628,181$0$0$537,772
81$1,675,035$0$0$553,051
82$1,722,911$0$0$568,641
83$1,771,798$0$0$584,535
84$1,821,675$0$0$600,724
85$1,872,518$0$0$617,197
86$1,924,295$0$0$633,938
87$1,976,968$0$0$650,931
88$2,030,490$0$0$668,156
89$2,084,806$0$0$685,590
90$2,139,849$0$0$703,203
91$2,195,541$0$0$720,966
92$2,251,793$0$0$738,840
93$2,308,500$0$0$756,784
94$2,365,543$0$0$774,749
95$2,422,784$0$0$792,682
96$2,480,066$0$0$810,519
97$2,537,211$0$0$828,191
98$2,594,016$0$0$845,617
99$2,650,252$0$0$862,709
100$2,705,661$0$0$879,366