Can I retire at age 59 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$65,403$64,820$64,252$63,697$63,155$60,721
2 years$32,378$31,775$31,190$30,624$30,074$27,651
3 years$21,371$20,765$20,182$19,621$19,080$16,744
4 years$15,868$15,264$14,687$14,136$13,608$11,377
5 years$12,568$11,968$11,398$10,858$10,345$8,224
6 years$10,368$9,772$9,211$8,683$8,185$6,177
7 years$8,797$8,207$7,655$7,139$6,657$4,760
8 years$7,620$7,035$6,492$5,988$5,523$3,735
9 years$6,705$6,125$5,591$5,101$4,651$2,970
10 years$5,973$5,399$4,875$4,397$3,963$2,386
11 years$5,375$4,806$4,292$3,827$3,408$1,931
12 years$4,876$4,314$3,809$3,357$2,953$1,573
13 years$4,455$3,899$3,403$2,963$2,575$1,287
14 years$4,094$3,544$3,057$2,630$2,258$1,058
15 years$3,782$3,237$2,760$2,346$1,988$872
16 years$3,509$2,970$2,503$2,101$1,757$720
17 years$3,268$2,735$2,277$1,887$1,558$596
18 years$3,054$2,528$2,079$1,701$1,385$494
19 years$2,863$2,343$1,903$1,537$1,234$411
20 years$2,692$2,177$1,747$1,392$1,103$341
21 years$2,537$2,028$1,607$1,263$987$284
22 years$2,396$1,893$1,481$1,149$884$237
23 years$2,267$1,770$1,367$1,046$794$197
24 years$2,150$1,659$1,264$954$714$164
25 years$2,042$1,556$1,171$871$642$137
26 years$1,942$1,463$1,086$797$578$114
27 years$1,850$1,377$1,009$729$522$96
28 years$1,765$1,297$938$668$471$80
29 years$1,686$1,224$873$613$425$67
30 years$1,612$1,156$813$562$384$56
31 years$1,543$1,093$758$516$347$47
32 years$1,479$1,034$707$475$314$39
33 years$1,418$979$660$436$284$32
34 years$1,362$928$617$402$257$27
35 years$1,308$880$577$370$233$23
36 years$1,258$835$539$340$211$19
37 years$1,210$793$505$314$191$16
38 years$1,166$754$473$289$173$13
39 years$1,123$717$443$267$157$11
40 years$1,083$682$415$246$143$9
41 years$1,045$649$389$227$129$8
42 years$1,008$618$365$209$117$6
43 years$974$589$343$193$107$5
44 years$941$562$322$178$97$5
45 years$910$536$302$165$88$4
46 years$880$511$284$152$80$3
47 years$851$488$266$141$72$3
48 years$824$465$250$130$66$2
49 years$798$444$235$120$60$2
50 years$773$425$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $792,000, adding $2,406 every year, while hoping to spend $39,121 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: 56/38/6 Blend
58$792,000$792,000$792,000$792,000
59$875,266$833,290$821,014$923,028
60$922,918$832,497$806,893$954,673
61$974,121$830,353$790,989$984,532
62$1,029,193$826,752$773,199$1,016,085
63$1,088,487$821,580$753,418$1,049,497
64$1,152,391$814,715$731,535$1,084,952
65$1,221,328$806,030$707,435$1,122,653
66$1,295,766$795,388$680,996$1,162,827
67$1,376,217$782,645$652,093$1,205,726
68$1,463,245$767,648$620,592$1,251,628
69$1,557,470$750,237$586,355$1,300,843
70$1,659,572$730,239$549,238$1,353,714
71$1,770,300$707,473$509,090$1,410,621
72$1,890,479$681,747$465,753$1,471,987
73$2,021,014$652,858$419,061$1,538,280
74$2,162,901$620,591$368,843$1,610,017
75$2,317,236$584,720$314,918$1,687,775
76$2,485,225$545,003$257,100$1,772,190
77$2,668,196$501,186$195,190$1,863,967
78$2,867,609$453,000$128,986$1,963,888
79$3,085,070$400,162$58,272$2,072,818
80$3,322,348$342,371$0$2,191,716
81$3,581,391$279,311$0$2,322,744
82$3,864,341$210,646$0$2,470,026
83$4,173,559$136,022$0$2,631,145
84$4,511,640$55,065$0$2,807,553
85$4,881,446$0$0$3,000,859
86$5,286,125$0$0$3,226,478
87$5,729,145$0$0$3,498,750
88$6,214,323$0$0$3,797,004
89$6,745,865$0$0$4,123,832
90$7,328,401$0$0$4,482,093
91$7,967,032$0$0$4,874,932
92$8,667,373$0$0$5,305,814
93$9,435,612$0$0$5,778,555
94$10,278,563$0$0$6,297,359
95$11,203,730$0$0$6,866,858
96$12,219,383$0$0$7,492,151
97$13,334,628$0$0$8,178,857
98$14,559,497$0$0$8,933,167
99$15,905,041$0$0$9,761,898
100$17,383,437$0$0$10,672,563