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%16.7%
1 years$65,733$65,147$64,576$64,019$63,474$61,739
2 years$32,541$31,935$31,348$30,778$30,226$28,491
3 years$21,479$20,870$20,284$19,720$19,176$17,495
4 years$15,948$15,342$14,762$14,207$13,677$12,063
5 years$12,631$12,028$11,456$10,912$10,397$8,854
6 years$10,420$9,822$9,258$8,727$8,227$6,757
7 years$8,842$8,248$7,693$7,175$6,691$5,293
8 years$7,659$7,070$6,525$6,019$5,550$4,225
9 years$6,739$6,156$5,620$5,127$4,674$3,420
10 years$6,003$5,426$4,899$4,419$3,983$2,798
11 years$5,402$4,831$4,313$3,846$3,425$2,308
12 years$4,901$4,336$3,828$3,373$2,968$1,916
13 years$4,478$3,918$3,420$2,978$2,588$1,600
14 years$4,115$3,562$3,073$2,644$2,269$1,341
15 years$3,801$3,254$2,774$2,358$1,998$1,128
16 years$3,527$2,985$2,515$2,111$1,766$952
17 years$3,285$2,749$2,289$1,897$1,566$805
18 years$3,070$2,540$2,089$1,709$1,392$682
19 years$2,878$2,354$1,913$1,545$1,241$579
20 years$2,705$2,188$1,755$1,399$1,108$492
21 years$2,549$2,038$1,615$1,270$992$419
22 years$2,408$1,902$1,488$1,154$889$357
23 years$2,279$1,779$1,374$1,051$798$304
24 years$2,161$1,667$1,271$959$717$260
25 years$2,052$1,564$1,177$876$645$222
26 years$1,952$1,470$1,092$801$581$189
27 years$1,860$1,384$1,014$733$524$162
28 years$1,774$1,304$942$671$473$138
29 years$1,694$1,230$877$616$427$118
30 years$1,620$1,162$817$565$386$101
31 years$1,551$1,098$761$519$349$87
32 years$1,486$1,039$710$477$316$74
33 years$1,426$984$663$439$286$63
34 years$1,368$933$620$404$259$54
35 years$1,315$885$579$372$234$47
36 years$1,264$840$542$342$212$40
37 years$1,217$797$507$315$192$34
38 years$1,171$758$475$291$174$29
39 years$1,129$721$445$268$158$25
40 years$1,088$686$417$247$143$21
41 years$1,050$653$391$228$130$18
42 years$1,013$622$367$210$118$16
43 years$979$592$344$194$107$13
44 years$946$564$323$179$97$12
45 years$914$538$304$166$88$10
46 years$884$513$285$153$80$8
47 years$856$490$268$141$73$7
48 years$828$468$252$131$66$6
49 years$802$447$237$121$60$5
50 years$777$427$222$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $796,000, adding $4,458 every year, while hoping to spend $52,685 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: 61/33/6 Blend
58$796,000$796,000$796,000$796,000
59$881,790$839,602$827,264$934,331
60$915,677$824,687$798,921$955,066
61$951,253$807,274$767,863$971,170
62$988,638$787,187$733,943$987,390
63$1,027,956$764,237$697,008$1,003,736
64$1,069,348$738,224$656,897$1,020,224
65$1,112,962$708,937$613,444$1,036,871
66$1,158,962$676,154$566,473$1,053,698
67$1,207,528$639,637$515,801$1,070,733
68$1,258,854$599,137$461,238$1,088,008
69$1,313,152$554,390$402,585$1,105,563
70$1,370,654$505,116$339,632$1,123,443
71$1,431,613$451,019$272,162$1,141,705
72$1,496,307$391,788$199,949$1,160,411
73$1,565,037$327,093$122,754$1,179,636
74$1,638,136$256,584$40,331$1,199,468
75$1,715,964$179,896$0$1,220,006
76$1,798,919$96,637$0$1,244,416
77$1,887,435$6,399$0$1,272,734
78$1,981,989$0$0$1,302,545
79$2,083,100$0$0$1,367,179
80$2,191,342$0$0$1,438,898
81$2,307,342$0$0$1,515,799
82$2,431,786$0$0$1,598,343
83$2,565,431$0$0$1,687,037
84$2,709,103$0$0$1,782,435
85$2,863,714$0$0$1,885,149
86$3,030,260$0$0$1,995,848
87$3,209,839$0$0$2,115,268
88$3,403,655$0$0$2,244,218
89$3,613,033$0$0$2,383,587
90$3,839,427$0$0$2,534,351
91$4,084,436$0$0$2,697,583
92$4,349,818$0$0$2,874,464
93$4,637,504$0$0$3,066,291
94$4,949,621$0$0$3,274,492
95$5,288,505$0$0$3,500,635
96$5,656,727$0$0$3,746,447
97$6,057,115$0$0$4,013,828
98$6,492,779$0$0$4,304,867
99$6,967,143$0$0$4,621,863
100$7,483,974$0$0$4,967,347