Can I retire at age 59 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$65,320$64,738$64,171$63,616$63,075$61,056
2 years$32,337$31,734$31,151$30,585$30,036$28,020
3 years$21,344$20,739$20,157$19,596$19,056$17,107
4 years$15,848$15,245$14,669$14,118$13,591$11,724
5 years$12,552$11,952$11,384$10,844$10,332$8,551
6 years$10,355$9,760$9,200$8,672$8,175$6,483
7 years$8,786$8,196$7,645$7,130$6,648$5,044
8 years$7,610$7,026$6,484$5,981$5,516$3,998
9 years$6,696$6,117$5,584$5,094$4,645$3,213
10 years$5,965$5,392$4,868$4,391$3,958$2,609
11 years$5,368$4,800$4,286$3,822$3,404$2,135
12 years$4,870$4,308$3,804$3,352$2,950$1,759
13 years$4,449$3,894$3,398$2,960$2,572$1,456
14 years$4,089$3,539$3,054$2,627$2,255$1,211
15 years$3,777$3,233$2,757$2,343$1,985$1,010
16 years$3,504$2,966$2,500$2,098$1,755$845
17 years$3,264$2,732$2,275$1,885$1,556$708
18 years$3,051$2,524$2,076$1,699$1,383$595
19 years$2,860$2,340$1,901$1,535$1,233$500
20 years$2,688$2,174$1,744$1,390$1,101$421
21 years$2,533$2,025$1,605$1,262$986$355
22 years$2,393$1,890$1,479$1,147$883$300
23 years$2,265$1,768$1,365$1,045$793$253
24 years$2,147$1,656$1,263$953$713$214
25 years$2,039$1,554$1,170$870$641$181
26 years$1,940$1,461$1,085$796$578$153
27 years$1,848$1,375$1,007$728$521$130
28 years$1,763$1,296$936$667$470$110
29 years$1,684$1,222$871$612$424$93
30 years$1,610$1,154$812$562$383$79
31 years$1,541$1,091$757$516$347$67
32 years$1,477$1,032$706$474$314$57
33 years$1,417$978$659$436$284$48
34 years$1,360$927$616$401$257$41
35 years$1,307$879$576$369$233$34
36 years$1,256$834$539$340$211$29
37 years$1,209$792$504$313$191$25
38 years$1,164$753$472$289$173$21
39 years$1,122$716$442$266$157$18
40 years$1,081$681$415$246$143$15
41 years$1,043$649$389$227$129$13
42 years$1,007$618$365$209$117$11
43 years$973$588$342$193$106$9
44 years$940$561$321$178$97$8
45 years$909$535$302$165$88$7
46 years$879$510$283$152$80$6
47 years$850$487$266$140$72$5
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$3
50 years$772$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $791,000, adding $6,032 every year, while hoping to spend $42,682 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: 63/29/8 Blend
58$791,000$791,000$791,000$791,000
59$877,904$835,981$823,721$931,408
60$922,037$831,531$805,902$963,411
61$969,241$825,432$786,056$992,802
62$1,019,784$817,559$764,069$1,023,799
63$1,073,960$807,778$739,824$1,056,555
64$1,132,093$795,947$713,197$1,091,241
65$1,194,535$781,918$684,058$1,128,047
66$1,261,677$765,530$652,272$1,167,182
67$1,333,943$746,617$617,699$1,208,882
68$1,411,803$724,999$580,190$1,253,404
69$1,495,772$700,489$539,591$1,301,036
70$1,586,415$672,886$495,741$1,352,096
71$1,684,352$641,981$448,471$1,406,938
72$1,790,267$607,549$397,606$1,465,954
73$1,904,909$569,354$342,961$1,529,577
74$2,029,104$527,147$284,345$1,598,288
75$2,163,759$480,663$221,556$1,672,620
76$2,309,871$429,624$154,387$1,753,164
77$2,468,536$373,734$82,617$1,840,574
78$2,640,962$312,682$6,020$1,935,573
79$2,828,475$246,138$0$2,038,964
80$3,032,535$173,755$0$2,158,097
81$3,254,750$95,165$0$2,288,460
82$3,496,887$9,980$0$2,430,647
83$3,760,892$0$0$2,585,886
84$4,048,905$0$0$2,781,765
85$4,363,285$0$0$2,999,106
86$4,706,626$0$0$3,236,524
87$5,081,783$0$0$3,496,001
88$5,491,902$0$0$3,779,719
89$5,940,443$0$0$4,090,081
90$6,431,219$0$0$4,429,732
91$6,968,427$0$0$4,801,586
92$7,556,689$0$0$5,208,848
93$8,201,094$0$0$5,655,053
94$8,907,248$0$0$6,144,091
95$9,681,324$0$0$6,680,245
96$10,530,119$0$0$7,268,234
97$11,461,122$0$0$7,913,257
98$12,482,581$0$0$8,621,037
99$13,603,580$0$0$9,397,881
100$14,834,126$0$0$10,250,734