Can I retire at age 59 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$65,403$64,820$64,252$63,697$63,155$60,697
2 years$32,378$31,775$31,190$30,624$30,074$27,627
3 years$21,371$20,765$20,182$19,621$19,080$16,722
4 years$15,868$15,264$14,687$14,136$13,608$11,356
5 years$12,568$11,968$11,398$10,858$10,345$8,205
6 years$10,368$9,772$9,211$8,683$8,185$6,159
7 years$8,797$8,207$7,655$7,139$6,657$4,743
8 years$7,620$7,035$6,492$5,988$5,523$3,720
9 years$6,705$6,125$5,591$5,101$4,651$2,956
10 years$5,973$5,399$4,875$4,397$3,963$2,373
11 years$5,375$4,806$4,292$3,827$3,408$1,920
12 years$4,876$4,314$3,809$3,357$2,953$1,563
13 years$4,455$3,899$3,403$2,963$2,575$1,278
14 years$4,094$3,544$3,057$2,630$2,258$1,049
15 years$3,782$3,237$2,760$2,346$1,988$864
16 years$3,509$2,970$2,503$2,101$1,757$713
17 years$3,268$2,735$2,277$1,887$1,558$590
18 years$3,054$2,528$2,079$1,701$1,385$489
19 years$2,863$2,343$1,903$1,537$1,234$406
20 years$2,692$2,177$1,747$1,392$1,103$337
21 years$2,537$2,028$1,607$1,263$987$280
22 years$2,396$1,893$1,481$1,149$884$233
23 years$2,267$1,770$1,367$1,046$794$194
24 years$2,150$1,659$1,264$954$714$162
25 years$2,042$1,556$1,171$871$642$135
26 years$1,942$1,463$1,086$797$578$113
27 years$1,850$1,377$1,009$729$522$94
28 years$1,765$1,297$938$668$471$78
29 years$1,686$1,224$873$613$425$65
30 years$1,612$1,156$813$562$384$55
31 years$1,543$1,093$758$516$347$46
32 years$1,479$1,034$707$475$314$38
33 years$1,418$979$660$436$284$32
34 years$1,362$928$617$402$257$27
35 years$1,308$880$577$370$233$22
36 years$1,258$835$539$340$211$18
37 years$1,210$793$505$314$191$15
38 years$1,166$754$473$289$173$13
39 years$1,123$717$443$267$157$11
40 years$1,083$682$415$246$143$9
41 years$1,045$649$389$227$129$8
42 years$1,008$618$365$209$117$6
43 years$974$589$343$193$107$5
44 years$941$562$322$178$97$4
45 years$910$536$302$165$88$4
46 years$880$511$284$152$80$3
47 years$851$488$266$141$72$3
48 years$824$465$250$130$66$2
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $792,000, adding $5,077 every year, while hoping to spend $22,172 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: 50/41/9 Blend
58$792,000$792,000$792,000$792,000
59$878,021$836,045$823,769$919,599
60$943,988$853,420$827,774$965,929
61$1,015,941$870,904$831,171$1,013,465
62$1,094,467$888,478$833,915$1,064,603
63$1,180,211$906,122$835,960$1,119,686
64$1,273,886$923,815$837,258$1,179,091
65$1,376,274$941,534$837,758$1,243,237
66$1,488,239$959,254$837,407$1,312,582
67$1,610,728$976,946$836,149$1,387,633
68$1,744,788$994,583$833,926$1,468,946
69$1,891,570$1,012,131$830,676$1,557,139
70$2,052,341$1,029,556$826,335$1,652,887
71$2,228,498$1,046,822$820,835$1,756,939
72$2,421,577$1,063,889$814,105$1,870,118
73$2,633,273$1,080,714$806,072$1,993,331
74$2,865,449$1,097,251$796,658$2,127,579
75$3,120,160$1,113,452$785,781$2,273,966
76$3,399,668$1,129,263$773,357$2,433,707
77$3,706,465$1,144,628$759,296$2,608,143
78$4,043,297$1,159,487$743,504$2,798,753
79$4,413,187$1,173,776$725,885$3,007,165
80$4,819,466$1,187,425$706,336$3,235,176
81$5,265,804$1,200,361$684,751$3,484,766
82$5,756,243$1,212,505$661,017$3,758,119
83$6,295,236$1,223,775$635,018$4,057,642
84$6,887,690$1,234,080$606,631$4,385,989
85$7,539,011$1,243,326$575,729$4,746,084
86$8,255,152$1,251,411$542,178$5,141,155
87$9,042,676$1,258,228$505,839$5,574,755
88$9,908,810$1,263,662$466,566$6,050,807
89$10,861,519$1,267,592$424,206$6,573,630
90$11,909,577$1,269,888$378,601$7,147,991
91$13,062,653$1,270,412$329,583$7,779,142
92$14,331,400$1,269,018$276,980$8,472,873
93$15,727,554$1,265,551$220,610$9,235,568
94$17,264,047$1,259,846$160,284$10,074,264
95$18,955,130$1,251,728$95,803$10,996,720
96$20,816,503$1,241,012$26,962$12,011,487
97$22,865,467$1,227,502$0$13,127,995
98$25,121,083$1,210,989$0$14,361,101
99$27,604,358$1,191,252$0$15,720,851
100$30,338,436$1,168,056$0$17,217,305