Can I retire at age 59 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$65,650$65,066$64,495$63,938$63,394$61,024
2 years$32,500$31,895$31,308$30,740$30,188$27,827
3 years$21,452$20,844$20,259$19,695$19,152$16,875
4 years$15,928$15,322$14,743$14,189$13,660$11,483
5 years$12,615$12,013$11,441$10,899$10,384$8,314
6 years$10,407$9,809$9,246$8,716$8,216$6,255
7 years$8,831$8,238$7,684$7,166$6,682$4,828
8 years$7,649$7,061$6,516$6,011$5,543$3,795
9 years$6,730$6,148$5,613$5,120$4,668$3,024
10 years$5,996$5,419$4,893$4,414$3,978$2,433
11 years$5,395$4,825$4,308$3,841$3,421$1,974
12 years$4,895$4,330$3,823$3,369$2,965$1,611
13 years$4,472$3,913$3,416$2,975$2,585$1,321
14 years$4,110$3,557$3,069$2,640$2,266$1,088
15 years$3,796$3,249$2,771$2,355$1,995$898
16 years$3,522$2,981$2,512$2,108$1,763$744
17 years$3,281$2,746$2,286$1,894$1,564$617
18 years$3,066$2,537$2,087$1,707$1,390$513
19 years$2,874$2,351$1,910$1,543$1,239$427
20 years$2,702$2,185$1,753$1,397$1,107$356
21 years$2,546$2,035$1,613$1,268$990$297
22 years$2,405$1,900$1,486$1,153$888$248
23 years$2,276$1,777$1,372$1,050$797$207
24 years$2,158$1,665$1,269$958$716$173
25 years$2,050$1,562$1,176$875$645$145
26 years$1,950$1,468$1,090$800$581$121
27 years$1,857$1,382$1,012$732$523$101
28 years$1,772$1,302$941$671$472$85
29 years$1,692$1,228$876$615$427$71
30 years$1,618$1,160$816$564$385$59
31 years$1,549$1,097$761$518$348$50
32 years$1,484$1,038$710$476$315$42
33 years$1,424$983$663$438$285$35
34 years$1,367$931$619$403$258$29
35 years$1,313$883$579$371$234$25
36 years$1,263$838$541$342$212$21
37 years$1,215$796$507$315$192$17
38 years$1,170$757$475$290$174$14
39 years$1,127$720$445$268$158$12
40 years$1,087$685$417$247$143$10
41 years$1,049$652$391$228$130$8
42 years$1,012$621$367$210$118$7
43 years$978$591$344$194$107$6
44 years$945$564$323$179$97$5
45 years$913$538$303$165$88$4
46 years$883$513$285$153$80$4
47 years$855$489$268$141$73$3
48 years$827$467$251$130$66$2
49 years$801$446$236$121$60$2
50 years$776$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $795,000, adding $6,185 every year, while hoping to spend $42,845 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: 68/7/25 Blend
58$795,000$795,000$795,000$795,000
59$882,470$840,335$828,012$936,413
60$926,895$835,924$810,164$968,986
61$974,416$829,862$790,282$999,130
62$1,025,302$822,021$768,252$1,031,115
63$1,079,851$812,269$743,957$1,065,123
64$1,138,388$800,462$717,272$1,101,354
65$1,201,270$786,451$688,067$1,140,033
66$1,268,889$770,077$656,207$1,181,406
67$1,341,676$751,171$621,550$1,225,747
68$1,420,103$729,554$583,947$1,273,359
69$1,504,689$705,037$543,245$1,324,577
70$1,596,004$677,421$499,281$1,379,772
71$1,694,676$646,494$451,886$1,439,355
72$1,801,392$612,032$400,883$1,503,779
73$1,916,909$573,797$346,089$1,573,547
74$2,042,061$531,540$287,309$1,649,215
75$2,177,761$484,995$224,344$1,731,397
76$2,325,016$433,883$156,983$1,820,772
77$2,484,932$377,908$85,007$1,918,091
78$2,658,727$316,757$8,186$2,024,185
79$2,847,740$250,101$0$2,139,971
80$3,053,443$177,589$0$2,286,147
81$3,277,458$98,855$0$2,447,760
82$3,521,568$13,508$0$2,623,931
83$3,787,736$0$0$2,816,101
84$4,078,123$0$0$3,031,930
85$4,395,106$0$0$3,268,707
86$4,741,304$0$0$3,527,353
87$5,119,598$0$0$3,810,025
88$5,533,160$0$0$4,119,100
89$5,985,484$0$0$4,457,196
90$6,480,414$0$0$4,827,192
91$7,022,187$0$0$5,232,262
92$7,615,464$0$0$5,675,899
93$8,265,382$0$0$6,161,950
94$8,977,595$0$0$6,694,653
95$9,758,332$0$0$7,278,673
96$10,614,453$0$0$7,919,150
97$11,553,512$0$0$8,621,744
98$12,583,831$0$0$9,392,690
99$13,714,576$0$0$10,238,856
100$14,955,844$0$0$11,167,806