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%15.8%
1 years$65,733$65,147$64,576$64,019$63,474$61,965
2 years$32,541$31,935$31,348$30,778$30,226$28,714
3 years$21,479$20,870$20,284$19,720$19,176$17,709
4 years$15,948$15,342$14,762$14,207$13,677$12,266
5 years$12,631$12,028$11,456$10,912$10,397$9,046
6 years$10,420$9,822$9,258$8,727$8,227$6,937
7 years$8,842$8,248$7,693$7,175$6,691$5,463
8 years$7,659$7,070$6,525$6,019$5,550$4,384
9 years$6,739$6,156$5,620$5,127$4,674$3,567
10 years$6,003$5,426$4,899$4,419$3,983$2,935
11 years$5,402$4,831$4,313$3,846$3,425$2,435
12 years$4,901$4,336$3,828$3,373$2,968$2,034
13 years$4,478$3,918$3,420$2,978$2,588$1,708
14 years$4,115$3,562$3,073$2,644$2,269$1,440
15 years$3,801$3,254$2,774$2,358$1,998$1,219
16 years$3,527$2,985$2,515$2,111$1,766$1,035
17 years$3,285$2,749$2,289$1,897$1,566$881
18 years$3,070$2,540$2,089$1,709$1,392$752
19 years$2,878$2,354$1,913$1,545$1,241$643
20 years$2,705$2,188$1,755$1,399$1,108$550
21 years$2,549$2,038$1,615$1,270$992$471
22 years$2,408$1,902$1,488$1,154$889$404
23 years$2,279$1,779$1,374$1,051$798$347
24 years$2,161$1,667$1,271$959$717$298
25 years$2,052$1,564$1,177$876$645$257
26 years$1,952$1,470$1,092$801$581$221
27 years$1,860$1,384$1,014$733$524$190
28 years$1,774$1,304$942$671$473$164
29 years$1,694$1,230$877$616$427$141
30 years$1,620$1,162$817$565$386$122
31 years$1,551$1,098$761$519$349$105
32 years$1,486$1,039$710$477$316$90
33 years$1,426$984$663$439$286$78
34 years$1,368$933$620$404$259$67
35 years$1,315$885$579$372$234$58
36 years$1,264$840$542$342$212$50
37 years$1,217$797$507$315$192$43
38 years$1,171$758$475$291$174$37
39 years$1,129$721$445$268$158$32
40 years$1,088$686$417$247$143$28
41 years$1,050$653$391$228$130$24
42 years$1,013$622$367$210$118$21
43 years$979$592$344$194$107$18
44 years$946$564$323$179$97$15
45 years$914$538$304$166$88$13
46 years$884$513$285$153$80$12
47 years$856$490$268$141$73$10
48 years$828$468$252$131$66$9
49 years$802$447$237$121$60$7
50 years$777$427$222$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $796,000, adding $5,674 every year, while hoping to spend $43,855 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: 50/29/21 Blend
58$796,000$796,000$796,000$796,000
59$883,045$840,857$828,519$921,749
60$926,454$835,397$809,613$943,698
61$972,821$828,201$788,604$962,603
62$1,022,401$819,135$765,374$982,232
63$1,075,475$808,061$739,803$1,002,670
64$1,132,349$794,832$711,762$1,024,014
65$1,193,360$779,290$681,118$1,046,372
66$1,258,878$761,271$647,731$1,069,869
67$1,329,309$740,598$611,454$1,094,642
68$1,405,097$717,086$572,137$1,120,847
69$1,486,732$690,538$529,618$1,148,660
70$1,574,750$660,746$483,732$1,178,276
71$1,669,742$627,490$434,305$1,209,918
72$1,772,356$590,537$381,154$1,243,830
73$1,883,304$549,641$324,090$1,280,290
74$2,003,368$504,541$262,915$1,319,608
75$2,133,411$454,963$197,421$1,362,129
76$2,274,377$400,614$127,393$1,408,238
77$2,427,307$341,188$52,605$1,458,368
78$2,593,346$276,360$0$1,512,998
79$2,773,753$205,787$0$1,578,761
80$2,969,911$129,106$0$1,663,134
81$3,183,344$45,934$0$1,755,038
82$3,415,729$0$0$1,855,275
83$3,668,908$0$0$1,978,813
84$3,944,913$0$0$2,129,544
85$4,245,975$0$0$2,294,040
86$4,574,555$0$0$2,473,655
87$4,933,357$0$0$2,669,877
88$5,325,362$0$0$2,884,347
89$5,753,848$0$0$3,118,870
90$6,222,427$0$0$3,375,435
91$6,735,075$0$0$3,656,230
92$7,296,167$0$0$3,963,666
93$7,910,526$0$0$4,300,397
94$8,583,460$0$0$4,669,347
95$9,320,813$0$0$5,073,734
96$10,129,025$0$0$5,517,105
97$11,015,185$0$0$6,003,363
98$11,987,102$0$0$6,536,811
99$13,053,379$0$0$7,122,185
100$14,223,489$0$0$7,764,704