Can I retire at age 59 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$65,816$65,229$64,657$64,099$63,554$62,220
2 years$32,582$31,975$31,387$30,817$30,264$28,926
3 years$21,506$20,896$20,309$19,745$19,201$17,901
4 years$15,968$15,361$14,780$14,225$13,694$12,442
5 years$12,647$12,043$11,470$10,926$10,410$9,210
6 years$10,433$9,834$9,269$8,738$8,237$7,090
7 years$8,853$8,259$7,703$7,184$6,699$5,605
8 years$7,668$7,079$6,533$6,026$5,557$4,516
9 years$6,747$6,164$5,627$5,133$4,680$3,691
10 years$6,011$5,433$4,905$4,425$3,988$3,050
11 years$5,409$4,837$4,319$3,851$3,430$2,541
12 years$4,907$4,341$3,833$3,378$2,972$2,132
13 years$4,483$3,923$3,424$2,982$2,592$1,799
14 years$4,120$3,566$3,077$2,647$2,272$1,525
15 years$3,806$3,258$2,778$2,361$2,000$1,297
16 years$3,531$2,989$2,519$2,114$1,768$1,107
17 years$3,289$2,753$2,292$1,899$1,568$947
18 years$3,074$2,544$2,092$1,712$1,394$812
19 years$2,882$2,357$1,915$1,547$1,242$698
20 years$2,709$2,191$1,758$1,401$1,110$600
21 years$2,553$2,040$1,617$1,271$993$517
22 years$2,411$1,905$1,490$1,156$890$446
23 years$2,282$1,781$1,376$1,053$799$385
24 years$2,163$1,669$1,272$960$718$333
25 years$2,055$1,566$1,178$877$646$288
26 years$1,955$1,472$1,093$802$582$249
27 years$1,862$1,385$1,015$734$525$216
28 years$1,776$1,305$944$672$474$187
29 years$1,697$1,232$878$617$428$162
30 years$1,622$1,163$818$566$386$140
31 years$1,553$1,099$762$520$349$122
32 years$1,488$1,040$711$478$316$106
33 years$1,427$985$664$439$286$92
34 years$1,370$934$621$404$259$79
35 years$1,316$886$580$372$234$69
36 years$1,266$841$543$343$212$60
37 years$1,218$798$508$316$193$52
38 years$1,173$759$476$291$175$45
39 years$1,130$721$446$268$158$39
40 years$1,090$686$418$247$144$34
41 years$1,051$653$392$228$130$30
42 years$1,015$622$367$211$118$26
43 years$980$593$345$194$107$22
44 years$947$565$324$180$97$19
45 years$915$539$304$166$88$17
46 years$885$514$285$153$80$15
47 years$857$491$268$142$73$13
48 years$829$468$252$131$66$11
49 years$803$447$237$121$60$10
50 years$778$427$223$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $797,000, adding $4,446 every year, while hoping to spend $38,818 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: 50/25/25 Blend
58$797,000$797,000$797,000$797,000
59$882,880$840,639$828,286$920,604
60$931,632$840,528$814,731$947,222
61$984,055$839,111$799,421$971,873
62$1,040,484$836,283$782,257$997,885
63$1,101,284$831,931$763,133$1,025,403
64$1,166,857$825,938$741,941$1,054,589
65$1,237,647$818,179$718,566$1,085,625
66$1,314,138$808,521$692,889$1,118,713
67$1,396,863$796,822$664,784$1,154,077
68$1,486,410$782,933$634,121$1,191,969
69$1,583,424$766,697$600,764$1,232,666
70$1,688,613$747,945$564,570$1,276,479
71$1,802,757$726,500$525,389$1,323,752
72$1,926,714$702,174$483,065$1,374,869
73$2,061,427$674,769$437,436$1,430,254
74$2,207,934$644,074$388,331$1,490,382
75$2,367,376$609,866$335,573$1,555,776
76$2,541,009$571,910$278,975$1,627,019
77$2,730,216$529,958$218,345$1,704,758
78$2,936,518$483,746$153,479$1,789,709
79$3,161,589$432,996$84,167$1,882,668
80$3,407,272$377,413$10,188$1,984,517
81$3,675,596$316,688$0$2,096,231
82$3,968,793$250,492$0$2,237,236
83$4,289,322$178,479$0$2,394,482
84$4,639,890$100,281$0$2,566,642
85$5,023,477$15,514$0$2,755,257
86$5,443,366$0$0$2,962,027
87$5,903,169$0$0$3,209,802
88$6,406,866$0$0$3,485,990
89$6,958,840$0$0$3,788,735
90$7,563,917$0$0$4,120,697
91$8,227,413$0$0$4,484,802
92$8,955,183$0$0$4,884,275
93$9,753,675$0$0$5,322,669
94$10,629,994$0$0$5,803,895
95$11,591,962$0$0$6,332,262
96$12,648,199$0$0$6,912,519
97$13,808,198$0$0$7,549,895
98$15,082,419$0$0$8,250,150
99$16,482,383$0$0$9,019,632
100$18,020,782$0$0$9,865,332