Can I retire at age 59 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$65,485$64,902$64,333$63,777$63,235$61,581
2 years$32,418$31,815$31,230$30,662$30,112$28,457
3 years$21,398$20,791$20,208$19,646$19,104$17,500
4 years$15,888$15,284$14,706$14,154$13,625$12,084
5 years$12,584$11,983$11,412$10,871$10,358$8,884
6 years$10,381$9,785$9,223$8,694$8,196$6,791
7 years$8,809$8,217$7,664$7,148$6,665$5,329
8 years$7,630$7,044$6,500$5,996$5,530$4,261
9 years$6,713$6,133$5,598$5,107$4,657$3,456
10 years$5,981$5,406$4,881$4,403$3,968$2,832
11 years$5,381$4,812$4,297$3,832$3,412$2,341
12 years$4,883$4,319$3,813$3,361$2,957$1,947
13 years$4,461$3,903$3,407$2,967$2,579$1,629
14 years$4,100$3,548$3,061$2,634$2,260$1,368
15 years$3,787$3,241$2,764$2,349$1,990$1,153
16 years$3,513$2,974$2,506$2,103$1,759$975
17 years$3,272$2,739$2,280$1,890$1,560$827
18 years$3,058$2,531$2,082$1,703$1,387$702
19 years$2,867$2,345$1,906$1,539$1,236$597
20 years$2,695$2,180$1,749$1,394$1,104$509
21 years$2,540$2,030$1,609$1,265$988$434
22 years$2,399$1,895$1,483$1,150$886$371
23 years$2,270$1,772$1,369$1,047$795$317
24 years$2,153$1,661$1,266$955$715$271
25 years$2,044$1,558$1,173$872$643$232
26 years$1,945$1,465$1,088$798$579$199
27 years$1,853$1,378$1,010$730$522$170
28 years$1,767$1,299$939$669$471$146
29 years$1,688$1,225$874$613$425$125
30 years$1,614$1,157$814$563$384$107
31 years$1,545$1,094$759$517$348$92
32 years$1,481$1,035$708$475$314$79
33 years$1,420$980$661$437$285$68
34 years$1,363$929$617$402$258$58
35 years$1,310$881$577$370$233$50
36 years$1,259$836$540$341$211$43
37 years$1,212$794$505$314$192$37
38 years$1,167$755$473$289$174$32
39 years$1,124$718$443$267$158$27
40 years$1,084$683$416$246$143$23
41 years$1,046$650$390$227$130$20
42 years$1,010$619$366$210$118$17
43 years$975$590$343$194$107$15
44 years$942$562$322$179$97$13
45 years$911$536$302$165$88$11
46 years$881$512$284$152$80$9
47 years$852$488$267$141$73$8
48 years$825$466$251$130$66$7
49 years$799$445$236$120$60$6
50 years$774$425$222$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $793,000, adding $4,376 every year, while hoping to spend $55,549 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: 71/6/23 Blend
58$793,000$793,000$793,000$793,000
59$878,400$836,371$824,079$935,432
60$908,893$818,249$792,582$955,947
61$940,635$797,378$758,168$971,443
62$973,693$773,564$720,681$987,058
63$1,008,143$746,602$679,957$1,002,800
64$1,044,064$716,275$635,826$1,018,676
65$1,081,541$682,355$588,108$1,034,696
66$1,120,666$644,598$536,618$1,050,873
67$1,161,539$602,749$481,160$1,067,223
68$1,204,269$556,536$421,531$1,083,765
69$1,248,971$505,673$357,519$1,100,521
70$1,295,771$449,856$288,901$1,117,519
71$1,344,806$388,766$215,446$1,134,790
72$1,396,224$322,063$136,911$1,152,372
73$1,450,185$249,390$53,044$1,170,307
74$1,506,865$170,371$0$1,188,646
75$1,566,451$84,605$0$1,216,394
76$1,629,151$0$0$1,259,144
77$1,695,188$0$0$1,304,561
78$1,764,806$0$0$1,358,346
79$1,838,272$0$0$1,415,119
80$1,915,876$0$0$1,475,107
81$1,997,933$0$0$1,538,557
82$2,084,789$0$0$1,605,738
83$2,176,820$0$0$1,676,944
84$2,274,440$0$0$1,752,497
85$2,378,098$0$0$1,832,748
86$2,488,286$0$0$1,918,082
87$2,605,544$0$0$2,008,920
88$2,730,460$0$0$2,105,721
89$2,863,682$0$0$2,208,991
90$3,005,915$0$0$2,319,281
91$3,157,936$0$0$2,437,198
92$3,320,593$0$0$2,563,405
93$3,494,819$0$0$2,698,630
94$3,681,635$0$0$2,843,671
95$3,882,162$0$0$2,999,405
96$4,097,630$0$0$3,166,792
97$4,329,390$0$0$3,346,888
98$4,578,923$0$0$3,540,852
99$4,847,860$0$0$3,749,957
100$5,137,987$0$0$3,975,600