Can I retire at age 59 with 794,000?

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 $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%14.7%
1 years$65,568$64,984$64,414$63,858$63,315$62,087
2 years$32,459$31,855$31,269$30,701$30,150$28,918
3 years$21,425$20,817$20,233$19,670$19,128$17,931
4 years$15,908$15,303$14,724$14,171$13,642$12,488
5 years$12,599$11,998$11,427$10,885$10,371$9,263
6 years$10,394$9,797$9,235$8,705$8,206$7,147
7 years$8,820$8,228$7,674$7,157$6,674$5,662
8 years$7,639$7,053$6,508$6,004$5,536$4,573
9 years$6,722$6,141$5,605$5,114$4,663$3,746
10 years$5,988$5,413$4,887$4,408$3,973$3,103
11 years$5,388$4,818$4,302$3,836$3,417$2,592
12 years$4,889$4,325$3,818$3,365$2,961$2,181
13 years$4,466$3,908$3,411$2,971$2,582$1,845
14 years$4,105$3,553$3,065$2,637$2,263$1,568
15 years$3,791$3,245$2,767$2,352$1,993$1,337
16 years$3,518$2,978$2,509$2,106$1,761$1,144
17 years$3,276$2,742$2,283$1,892$1,562$982
18 years$3,062$2,534$2,084$1,705$1,389$845
19 years$2,871$2,348$1,908$1,541$1,238$728
20 years$2,699$2,182$1,751$1,395$1,105$628
21 years$2,543$2,033$1,611$1,266$989$543
22 years$2,402$1,897$1,484$1,151$887$470
23 years$2,273$1,775$1,371$1,049$796$407
24 years$2,155$1,663$1,268$956$715$353
25 years$2,047$1,560$1,174$873$644$306
26 years$1,947$1,467$1,089$799$580$266
27 years$1,855$1,380$1,011$731$523$231
28 years$1,770$1,301$940$670$472$200
29 years$1,690$1,227$875$614$426$174
30 years$1,616$1,159$815$564$385$152
31 years$1,547$1,095$760$518$348$132
32 years$1,483$1,036$709$476$315$115
33 years$1,422$981$662$438$285$100
34 years$1,365$930$618$403$258$87
35 years$1,312$882$578$371$234$76
36 years$1,261$837$541$341$212$66
37 years$1,213$795$506$314$192$57
38 years$1,168$756$474$290$174$50
39 years$1,126$719$444$267$158$44
40 years$1,086$684$416$247$143$38
41 years$1,047$651$390$227$130$33
42 years$1,011$620$366$210$118$29
43 years$976$591$344$194$107$25
44 years$943$563$322$179$97$22
45 years$912$537$303$165$88$19
46 years$882$512$284$153$80$17
47 years$854$489$267$141$73$15
48 years$826$467$251$130$66$13
49 years$800$446$236$120$60$11
50 years$775$426$222$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $794,000, adding $2,995 every year, while hoping to spend $33,266 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: 70/9/21 Blend
58$794,000$794,000$794,000$794,000
59$878,077$835,995$823,688$934,788
60$932,246$841,564$815,887$978,595
61$990,826$846,291$806,710$1,022,330
62$1,054,230$850,100$796,075$1,069,387
63$1,122,916$852,909$783,897$1,120,092
64$1,197,384$854,632$770,088$1,174,803
65$1,278,185$855,177$754,554$1,233,918
66$1,365,926$854,446$737,198$1,297,873
67$1,461,273$852,337$717,917$1,367,152
68$1,564,961$848,740$696,605$1,442,286
69$1,677,796$843,537$673,151$1,523,864
70$1,800,667$836,606$647,436$1,612,533
71$1,934,549$827,814$619,340$1,709,008
72$2,080,520$817,023$588,734$1,814,079
73$2,239,762$804,086$555,486$1,928,614
74$2,413,578$788,847$519,455$2,053,576
75$2,603,402$771,140$480,496$2,190,021
76$2,810,813$750,789$438,456$2,339,120
77$3,037,548$727,610$393,177$2,502,160
78$3,285,522$701,407$344,492$2,680,563
79$3,556,840$671,971$292,228$2,875,897
80$3,853,823$639,083$236,202$3,089,891
81$4,179,025$602,510$176,227$3,324,454
82$4,535,259$562,006$112,104$3,581,690
83$4,925,623$517,312$43,628$3,863,918
84$5,353,529$468,153$0$4,173,698
85$5,822,734$414,238$0$4,520,452
86$6,337,378$355,260$0$4,911,555
87$6,902,017$290,895$0$5,340,707
88$7,521,675$220,800$0$5,811,747
89$8,201,880$144,614$0$6,328,908
90$8,948,725$61,954$0$6,896,853
91$9,768,922$0$0$7,520,720
92$10,669,863$0$0$8,208,904
93$11,659,692$0$0$8,971,770
94$12,747,381$0$0$9,810,104
95$13,942,813$0$0$10,731,529
96$15,256,879$0$0$11,744,444
97$16,701,574$0$0$12,858,104
98$18,290,115$0$0$14,082,702
99$20,037,065$0$0$15,429,470
100$21,958,466$0$0$16,910,785