Can I retire at age 59 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$65,733$65,147$64,576$64,019$63,474$62,655
2 years$32,541$31,935$31,348$30,778$30,226$29,402
3 years$21,479$20,870$20,284$19,720$19,176$18,373
4 years$15,948$15,342$14,762$14,207$13,677$12,900
5 years$12,631$12,028$11,456$10,912$10,397$9,649
6 years$10,420$9,822$9,258$8,727$8,227$7,509
7 years$8,842$8,248$7,693$7,175$6,691$6,003
8 years$7,659$7,070$6,525$6,019$5,550$4,893
9 years$6,739$6,156$5,620$5,127$4,674$4,047
10 years$6,003$5,426$4,899$4,419$3,983$3,385
11 years$5,402$4,831$4,313$3,846$3,425$2,857
12 years$4,901$4,336$3,828$3,373$2,968$2,428
13 years$4,478$3,918$3,420$2,978$2,588$2,075
14 years$4,115$3,562$3,073$2,644$2,269$1,783
15 years$3,801$3,254$2,774$2,358$1,998$1,538
16 years$3,527$2,985$2,515$2,111$1,766$1,331
17 years$3,285$2,749$2,289$1,897$1,566$1,155
18 years$3,070$2,540$2,089$1,709$1,392$1,005
19 years$2,878$2,354$1,913$1,545$1,241$876
20 years$2,705$2,188$1,755$1,399$1,108$765
21 years$2,549$2,038$1,615$1,270$992$669
22 years$2,408$1,902$1,488$1,154$889$586
23 years$2,279$1,779$1,374$1,051$798$514
24 years$2,161$1,667$1,271$959$717$451
25 years$2,052$1,564$1,177$876$645$396
26 years$1,952$1,470$1,092$801$581$349
27 years$1,860$1,384$1,014$733$524$307
28 years$1,774$1,304$942$671$473$270
29 years$1,694$1,230$877$616$427$238
30 years$1,620$1,162$817$565$386$210
31 years$1,551$1,098$761$519$349$185
32 years$1,486$1,039$710$477$316$163
33 years$1,426$984$663$439$286$144
34 years$1,368$933$620$404$259$127
35 years$1,315$885$579$372$234$112
36 years$1,264$840$542$342$212$99
37 years$1,217$797$507$315$192$87
38 years$1,171$758$475$291$174$77
39 years$1,129$721$445$268$158$68
40 years$1,088$686$417$247$143$60
41 years$1,050$653$391$228$130$53
42 years$1,013$622$367$210$118$47
43 years$979$592$344$194$107$41
44 years$946$564$323$179$97$37
45 years$914$538$304$166$88$32
46 years$884$513$285$153$80$29
47 years$856$490$268$141$73$25
48 years$828$468$252$131$66$22
49 years$802$447$237$121$60$20
50 years$777$427$222$112$55$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $796,000, adding $4,256 every year, while hoping to spend $47,870 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: 63/22/15 Blend
58$796,000$796,000$796,000$796,000
59$881,582$839,394$827,056$933,625
60$920,570$829,591$803,829$959,260
61$961,931$817,703$778,220$981,389
62$1,005,855$803,578$750,097$1,004,397
63$1,052,552$787,054$719,326$1,028,370
64$1,102,252$767,959$685,763$1,053,406
65$1,155,205$746,112$649,259$1,079,614
66$1,211,685$721,321$609,659$1,107,116
67$1,271,994$693,383$566,799$1,136,049
68$1,336,462$662,082$520,511$1,166,566
69$1,405,448$627,192$470,615$1,198,838
70$1,479,350$588,471$416,928$1,233,056
71$1,558,603$545,664$359,253$1,269,433
72$1,643,682$498,504$297,390$1,308,207
73$1,735,112$446,705$231,127$1,349,643
74$1,833,467$389,967$160,243$1,394,036
75$1,939,377$327,971$84,508$1,441,715
76$2,053,534$260,383$3,680$1,493,047
77$2,176,701$186,849$0$1,548,439
78$2,309,713$106,992$0$1,621,561
79$2,453,488$20,419$0$1,701,188
80$2,609,036$0$0$1,787,336
81$2,777,466$0$0$1,898,416
82$2,959,999$0$0$2,024,200
83$3,157,976$0$0$2,160,677
84$3,372,873$0$0$2,308,870
85$3,606,312$0$0$2,469,905
86$3,860,077$0$0$2,645,019
87$4,136,134$0$0$2,835,575
88$4,436,641$0$0$3,043,073
89$4,763,977$0$0$3,269,160
90$5,120,758$0$0$3,515,652
91$5,509,861$0$0$3,784,548
92$5,934,458$0$0$4,078,045
93$6,398,034$0$0$4,398,564
94$6,904,431$0$0$4,748,770
95$7,457,875$0$0$5,131,596
96$8,063,019$0$0$5,550,271
97$8,724,988$0$0$6,008,352
98$9,449,424$0$0$6,509,753
99$10,242,538$0$0$7,058,787
100$11,111,172$0$0$7,660,200