Can I retire at age 59 with 792,000?

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 $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%12.9%
1 years$65,403$64,820$64,252$63,697$63,155$62,392
2 years$32,378$31,775$31,190$30,624$30,074$29,306
3 years$21,371$20,765$20,182$19,621$19,080$18,331
4 years$15,868$15,264$14,687$14,136$13,608$12,884
5 years$12,568$11,968$11,398$10,858$10,345$9,647
6 years$10,368$9,772$9,211$8,683$8,185$7,516
7 years$8,797$8,207$7,655$7,139$6,657$6,015
8 years$7,620$7,035$6,492$5,988$5,523$4,909
9 years$6,705$6,125$5,591$5,101$4,651$4,065
10 years$5,973$5,399$4,875$4,397$3,963$3,404
11 years$5,375$4,806$4,292$3,827$3,408$2,876
12 years$4,876$4,314$3,809$3,357$2,953$2,447
13 years$4,455$3,899$3,403$2,963$2,575$2,095
14 years$4,094$3,544$3,057$2,630$2,258$1,802
15 years$3,782$3,237$2,760$2,346$1,988$1,556
16 years$3,509$2,970$2,503$2,101$1,757$1,349
17 years$3,268$2,735$2,277$1,887$1,558$1,172
18 years$3,054$2,528$2,079$1,701$1,385$1,021
19 years$2,863$2,343$1,903$1,537$1,234$892
20 years$2,692$2,177$1,747$1,392$1,103$780
21 years$2,537$2,028$1,607$1,263$987$683
22 years$2,396$1,893$1,481$1,149$884$599
23 years$2,267$1,770$1,367$1,046$794$526
24 years$2,150$1,659$1,264$954$714$463
25 years$2,042$1,556$1,171$871$642$407
26 years$1,942$1,463$1,086$797$578$359
27 years$1,850$1,377$1,009$729$522$316
28 years$1,765$1,297$938$668$471$279
29 years$1,686$1,224$873$613$425$246
30 years$1,612$1,156$813$562$384$217
31 years$1,543$1,093$758$516$347$192
32 years$1,479$1,034$707$475$314$169
33 years$1,418$979$660$436$284$150
34 years$1,362$928$617$402$257$132
35 years$1,308$880$577$370$233$117
36 years$1,258$835$539$340$211$103
37 years$1,210$793$505$314$191$91
38 years$1,166$754$473$289$173$81
39 years$1,123$717$443$267$157$72
40 years$1,083$682$415$246$143$63
41 years$1,045$649$389$227$129$56
42 years$1,008$618$365$209$117$50
43 years$974$589$343$193$107$44
44 years$941$562$322$178$97$39
45 years$910$536$302$165$88$34
46 years$880$511$284$152$80$30
47 years$851$488$266$141$72$27
48 years$824$465$250$130$66$24
49 years$798$444$235$120$60$21
50 years$773$425$221$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $792,000, adding $6,683 every year, while hoping to spend $31,256 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: 40/35/25 Blend
58$792,000$792,000$792,000$792,000
59$879,678$837,702$825,426$908,136
60$936,148$845,493$819,821$937,104
61$997,332$852,618$812,981$964,992
62$1,063,675$859,012$804,832$994,550
63$1,135,672$864,605$795,295$1,025,949
64$1,213,861$869,322$784,289$1,059,379
65$1,298,841$873,084$771,728$1,095,053
66$1,391,265$875,808$757,523$1,133,204
67$1,491,854$877,402$741,580$1,174,094
68$1,601,402$877,774$723,802$1,218,012
69$1,720,781$876,821$704,086$1,265,279
70$1,850,952$874,437$682,324$1,316,252
71$1,992,972$870,507$658,405$1,371,327
72$2,148,005$864,911$632,211$1,430,940
73$2,317,331$857,521$603,619$1,495,580
74$2,502,360$848,202$572,502$1,565,783
75$2,704,646$836,808$538,726$1,642,147
76$2,925,896$823,188$502,149$1,725,334
77$3,167,993$807,180$462,627$1,816,076
78$3,433,010$788,613$420,006$1,915,184
79$3,723,227$767,306$374,127$2,023,556
80$4,041,158$743,065$324,822$2,142,186
81$4,389,570$715,689$271,917$2,272,175
82$4,771,511$684,963$215,231$2,414,740
83$5,190,337$650,658$154,574$2,571,229
84$5,649,746$612,535$89,746$2,743,131
85$6,153,809$570,338$20,542$2,932,095
86$6,707,012$523,799$0$3,139,944
87$7,314,295$472,634$0$3,382,913
88$7,981,101$416,541$0$3,655,782
89$8,713,425$355,203$0$3,955,591
90$9,517,871$288,284$0$4,285,127
91$10,401,714$215,430$0$4,647,466
92$11,372,969$136,267$0$5,046,004
93$12,440,466$50,398$0$5,484,488
94$13,613,933$0$0$5,967,050
95$14,904,086$0$0$6,514,658
96$16,322,733$0$0$7,138,263
97$17,882,882$0$0$7,824,188
98$19,598,867$0$0$8,578,748
99$21,486,478$0$0$9,408,903
100$23,563,114$0$0$10,322,321