Can I retire at age 59 with 793,000?

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 $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%13.4%
1 years$65,485$64,902$64,333$63,777$63,235$62,341
2 years$32,418$31,815$31,230$30,662$30,112$29,213
3 years$21,398$20,791$20,208$19,646$19,104$18,229
4 years$15,888$15,284$14,706$14,154$13,625$12,780
5 years$12,584$11,983$11,412$10,871$10,358$9,544
6 years$10,381$9,785$9,223$8,694$8,196$7,415
7 years$8,809$8,217$7,664$7,148$6,665$5,918
8 years$7,630$7,044$6,500$5,996$5,530$4,816
9 years$6,713$6,133$5,598$5,107$4,657$3,976
10 years$5,981$5,406$4,881$4,403$3,968$3,319
11 years$5,381$4,812$4,297$3,832$3,412$2,796
12 years$4,883$4,319$3,813$3,361$2,957$2,372
13 years$4,461$3,903$3,407$2,967$2,579$2,024
14 years$4,100$3,548$3,061$2,634$2,260$1,735
15 years$3,787$3,241$2,764$2,349$1,990$1,493
16 years$3,513$2,974$2,506$2,103$1,759$1,289
17 years$3,272$2,739$2,280$1,890$1,560$1,117
18 years$3,058$2,531$2,082$1,703$1,387$969
19 years$2,867$2,345$1,906$1,539$1,236$843
20 years$2,695$2,180$1,749$1,394$1,104$735
21 years$2,540$2,030$1,609$1,265$988$641
22 years$2,399$1,895$1,483$1,150$886$561
23 years$2,270$1,772$1,369$1,047$795$490
24 years$2,153$1,661$1,266$955$715$429
25 years$2,044$1,558$1,173$872$643$376
26 years$1,945$1,465$1,088$798$579$330
27 years$1,853$1,378$1,010$730$522$290
28 years$1,767$1,299$939$669$471$255
29 years$1,688$1,225$874$613$425$224
30 years$1,614$1,157$814$563$384$197
31 years$1,545$1,094$759$517$348$173
32 years$1,481$1,035$708$475$314$152
33 years$1,420$980$661$437$285$134
34 years$1,363$929$617$402$258$118
35 years$1,310$881$577$370$233$104
36 years$1,259$836$540$341$211$91
37 years$1,212$794$505$314$192$80
38 years$1,167$755$473$289$174$71
39 years$1,124$718$443$267$158$62
40 years$1,084$683$416$246$143$55
41 years$1,046$650$390$227$130$48
42 years$1,010$619$366$210$118$43
43 years$975$590$343$194$107$38
44 years$942$562$322$179$97$33
45 years$911$536$302$165$88$29
46 years$881$512$284$152$80$26
47 years$852$488$267$141$73$23
48 years$825$466$251$130$66$20
49 years$799$445$236$120$60$18
50 years$774$425$222$111$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $793,000, adding $3,427 every year, while hoping to spend $57,059 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: 68/27/5 Blend
58$793,000$793,000$793,000$793,000
59$877,421$835,392$823,100$936,348
60$906,208$815,616$789,964$956,020
61$936,018$792,958$753,805$970,234
62$966,897$767,218$714,462$984,216
63$998,890$738,182$671,767$997,931
64$1,032,048$705,623$625,542$1,011,345
65$1,066,423$669,305$575,604$1,024,420
66$1,102,071$628,974$521,759$1,037,116
67$1,139,051$584,363$463,808$1,049,392
68$1,177,428$535,190$401,539$1,061,205
69$1,217,268$481,157$334,733$1,072,511
70$1,258,644$421,948$263,161$1,083,261
71$1,301,632$357,230$186,583$1,093,407
72$1,346,316$286,651$104,750$1,102,899
73$1,392,782$209,839$17,402$1,111,683
74$1,441,126$126,402$0$1,119,706
75$1,491,448$35,923$0$1,130,957
76$1,543,859$0$0$1,142,586
77$1,598,474$0$0$1,172,052
78$1,655,420$0$0$1,213,913
79$1,714,832$0$0$1,257,597
80$1,776,858$0$0$1,303,212
81$1,841,653$0$0$1,350,876
82$1,909,390$0$0$1,400,716
83$1,980,252$0$0$1,452,869
84$2,054,440$0$0$1,507,484
85$2,132,169$0$0$1,564,722
86$2,213,674$0$0$1,624,758
87$2,299,210$0$0$1,687,781
88$2,389,052$0$0$1,753,998
89$2,483,500$0$0$1,823,631
90$2,582,881$0$0$1,896,926
91$2,687,551$0$0$1,974,145
92$2,797,894$0$0$2,055,579
93$2,914,334$0$0$2,141,540
94$3,037,328$0$0$2,232,374
95$3,167,379$0$0$2,328,453
96$3,305,032$0$0$2,430,185
97$3,450,885$0$0$2,538,018
98$3,605,591$0$0$2,652,438
99$3,769,862$0$0$2,773,979
100$3,944,478$0$0$2,903,223