Can I retire at age 59 with 795,000?

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 $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%18.1%
1 years$65,650$65,066$64,495$63,938$63,394$61,316
2 years$32,500$31,895$31,308$30,740$30,188$28,114
3 years$21,452$20,844$20,259$19,695$19,152$17,148
4 years$15,928$15,322$14,743$14,189$13,660$11,740
5 years$12,615$12,013$11,441$10,899$10,384$8,554
6 years$10,407$9,809$9,246$8,716$8,216$6,478
7 years$8,831$8,238$7,684$7,166$6,682$5,035
8 years$7,649$7,061$6,516$6,011$5,543$3,986
9 years$6,730$6,148$5,613$5,120$4,668$3,199
10 years$5,996$5,419$4,893$4,414$3,978$2,594
11 years$5,395$4,825$4,308$3,841$3,421$2,121
12 years$4,895$4,330$3,823$3,369$2,965$1,744
13 years$4,472$3,913$3,416$2,975$2,585$1,442
14 years$4,110$3,557$3,069$2,640$2,266$1,197
15 years$3,796$3,249$2,771$2,355$1,995$997
16 years$3,522$2,981$2,512$2,108$1,763$833
17 years$3,281$2,746$2,286$1,894$1,564$697
18 years$3,066$2,537$2,087$1,707$1,390$585
19 years$2,874$2,351$1,910$1,543$1,239$491
20 years$2,702$2,185$1,753$1,397$1,107$413
21 years$2,546$2,035$1,613$1,268$990$348
22 years$2,405$1,900$1,486$1,153$888$293
23 years$2,276$1,777$1,372$1,050$797$247
24 years$2,158$1,665$1,269$958$716$209
25 years$2,050$1,562$1,176$875$645$176
26 years$1,950$1,468$1,090$800$581$149
27 years$1,857$1,382$1,012$732$523$126
28 years$1,772$1,302$941$671$472$106
29 years$1,692$1,228$876$615$427$90
30 years$1,618$1,160$816$564$385$76
31 years$1,549$1,097$761$518$348$64
32 years$1,484$1,038$710$476$315$54
33 years$1,424$983$663$438$285$46
34 years$1,367$931$619$403$258$39
35 years$1,313$883$579$371$234$33
36 years$1,263$838$541$342$212$28
37 years$1,215$796$507$315$192$24
38 years$1,170$757$475$290$174$20
39 years$1,127$720$445$268$158$17
40 years$1,087$685$417$247$143$14
41 years$1,049$652$391$228$130$12
42 years$1,012$621$367$210$118$10
43 years$978$591$344$194$107$9
44 years$945$564$323$179$97$7
45 years$913$538$303$165$88$6
46 years$883$513$285$153$80$5
47 years$855$489$268$141$73$4
48 years$827$467$251$130$66$4
49 years$801$446$236$121$60$3
50 years$776$426$222$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $795,000, adding $4,219 every year, while hoping to spend $41,986 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: 72/14/14 Blend
58$795,000$795,000$795,000$795,000
59$880,442$838,307$825,984$940,833
60$925,574$834,711$808,982$977,822
61$973,903$829,532$790,003$1,012,780
62$1,025,709$822,648$768,937$1,049,950
63$1,081,303$813,929$745,667$1,089,540
64$1,141,023$803,238$720,074$1,131,782
65$1,205,241$790,430$692,030$1,176,932
66$1,274,366$775,352$661,404$1,225,273
67$1,348,847$757,840$628,056$1,277,116
68$1,429,177$737,721$591,844$1,332,807
69$1,515,896$714,813$552,614$1,392,727
70$1,609,601$688,923$510,210$1,457,297
71$1,710,945$659,844$464,467$1,526,981
72$1,820,647$627,362$415,212$1,602,294
73$1,939,496$591,246$362,265$1,683,803
74$2,068,363$551,255$305,438$1,772,134
75$2,208,201$507,132$244,536$1,867,980
76$2,360,062$458,606$179,352$1,972,105
77$2,525,101$405,391$109,674$2,085,353
78$2,704,591$347,184$35,277$2,208,658
79$2,899,929$283,666$0$2,343,046
80$3,112,655$214,499$0$2,496,247
81$3,344,462$139,326$0$2,668,976
82$3,597,215$57,770$0$2,857,382
83$3,872,964$0$0$3,063,033
84$4,173,969$0$0$3,292,369
85$4,502,713$0$0$3,552,596
86$4,861,934$0$0$3,836,985
87$5,254,643$0$0$4,147,925
88$5,684,158$0$0$4,488,048
89$6,154,130$0$0$4,860,250
90$6,668,580$0$0$5,267,721
91$7,231,936$0$0$5,713,973
92$7,849,073$0$0$6,202,874
93$8,525,362$0$0$6,738,685
94$9,266,717$0$0$7,326,097
95$10,079,651$0$0$7,970,276
96$10,971,337$0$0$8,676,915
97$11,949,678$0$0$9,452,282
98$13,023,376$0$0$10,303,282
99$14,202,019$0$0$11,237,519
100$15,496,166$0$0$12,263,373