Can I retire at age 59 with 794,000?

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 $794,000?

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$65,568$64,984$64,414$63,858$63,315$62,343
2 years$32,459$31,855$31,269$30,701$30,150$29,173
3 years$21,425$20,817$20,233$19,670$19,128$18,177
4 years$15,908$15,303$14,724$14,171$13,642$12,724
5 years$12,599$11,998$11,427$10,885$10,371$9,488
6 years$10,394$9,797$9,235$8,705$8,206$7,359
7 years$8,820$8,228$7,674$7,157$6,674$5,864
8 years$7,639$7,053$6,508$6,004$5,536$4,763
9 years$6,722$6,141$5,605$5,114$4,663$3,926
10 years$5,988$5,413$4,887$4,408$3,973$3,271
11 years$5,388$4,818$4,302$3,836$3,417$2,750
12 years$4,889$4,325$3,818$3,365$2,961$2,329
13 years$4,466$3,908$3,411$2,971$2,582$1,983
14 years$4,105$3,553$3,065$2,637$2,263$1,696
15 years$3,791$3,245$2,767$2,352$1,993$1,457
16 years$3,518$2,978$2,509$2,106$1,761$1,256
17 years$3,276$2,742$2,283$1,892$1,562$1,085
18 years$3,062$2,534$2,084$1,705$1,389$940
19 years$2,871$2,348$1,908$1,541$1,238$816
20 years$2,699$2,182$1,751$1,395$1,105$710
21 years$2,543$2,033$1,611$1,266$989$618
22 years$2,402$1,897$1,484$1,151$887$539
23 years$2,273$1,775$1,371$1,049$796$470
24 years$2,155$1,663$1,268$956$715$411
25 years$2,047$1,560$1,174$873$644$359
26 years$1,947$1,467$1,089$799$580$314
27 years$1,855$1,380$1,011$731$523$275
28 years$1,770$1,301$940$670$472$241
29 years$1,690$1,227$875$614$426$211
30 years$1,616$1,159$815$564$385$185
31 years$1,547$1,095$760$518$348$163
32 years$1,483$1,036$709$476$315$143
33 years$1,422$981$662$438$285$125
34 years$1,365$930$618$403$258$110
35 years$1,312$882$578$371$234$97
36 years$1,261$837$541$341$212$85
37 years$1,213$795$506$314$192$74
38 years$1,168$756$474$290$174$65
39 years$1,126$719$444$267$158$58
40 years$1,086$684$416$247$143$51
41 years$1,047$651$390$227$130$44
42 years$1,011$620$366$210$118$39
43 years$976$591$344$194$107$34
44 years$943$563$322$179$97$30
45 years$912$537$303$165$88$27
46 years$882$512$284$153$80$23
47 years$854$489$267$141$73$21
48 years$826$467$251$130$66$18
49 years$800$446$236$120$60$16
50 years$775$426$222$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $794,000, adding $2,848 every year, while hoping to spend $27,104 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: 50/39/11 Blend
58$794,000$794,000$794,000$794,000
59$877,926$835,844$823,537$919,096
60$938,636$847,962$822,287$959,708
61$1,004,630$859,765$820,086$1,000,716
62$1,076,418$871,209$816,876$1,044,658
63$1,154,562$882,248$812,590$1,091,815
64$1,239,680$892,831$807,165$1,142,502
65$1,332,452$902,904$800,529$1,197,061
66$1,433,625$912,410$792,610$1,255,875
67$1,544,024$921,287$783,332$1,319,362
68$1,664,555$929,471$772,614$1,387,988
69$1,796,216$936,891$760,373$1,462,263
70$1,940,106$943,474$746,521$1,542,753
71$2,097,433$949,141$730,966$1,630,082
72$2,269,530$953,808$713,612$1,724,938
73$2,457,863$957,385$694,359$1,828,082
74$2,664,047$959,779$673,102$1,940,352
75$2,889,859$960,887$649,730$2,062,674
76$3,137,257$960,603$624,128$2,196,070
77$3,408,397$958,813$596,177$2,341,669
78$3,705,655$955,396$565,750$2,500,715
79$4,031,646$950,225$532,717$2,674,582
80$4,389,250$943,162$496,939$2,864,786
81$4,781,641$934,064$458,274$3,073,000
82$5,212,313$922,778$416,571$3,301,071
83$5,685,117$909,142$371,674$3,551,035
84$6,204,293$892,983$323,418$3,825,141
85$6,774,512$874,121$271,634$4,125,869
86$7,400,921$852,362$216,143$4,455,956
87$8,089,189$827,502$156,758$4,818,421
88$8,845,562$799,325$93,285$5,216,594
89$9,676,921$767,603$25,521$5,654,150
90$10,590,845$732,094$0$6,135,144
91$11,595,685$692,541$0$6,669,539
92$12,700,644$648,674$0$7,260,330
93$13,915,857$600,207$0$7,909,987
94$15,252,495$546,837$0$8,624,539
95$16,722,861$488,244$0$9,410,636
96$18,340,516$424,091$0$10,275,611
97$20,120,397$354,020$0$11,227,548
98$22,078,964$277,653$0$12,275,361
99$24,234,352$194,592$0$13,428,882
100$26,606,546$104,417$0$14,698,947