Can I retire at age 59 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$65,981$65,393$64,820$64,260$63,713$63,232
2 years$32,664$32,055$31,466$30,894$30,340$29,855
3 years$21,559$20,949$20,360$19,794$19,249$18,775
4 years$16,008$15,399$14,817$14,261$13,728$13,269
5 years$12,679$12,073$11,499$10,954$10,436$9,993
6 years$10,460$9,859$9,293$8,760$8,258$7,831
7 years$8,875$8,279$7,722$7,202$6,716$6,306
8 years$7,687$7,097$6,549$6,041$5,571$5,179
9 years$6,764$6,179$5,641$5,146$4,692$4,316
10 years$6,026$5,447$4,918$4,436$3,998$3,638
11 years$5,422$4,849$4,329$3,860$3,438$3,095
12 years$4,919$4,352$3,842$3,386$2,979$2,652
13 years$4,494$3,933$3,433$2,989$2,598$2,286
14 years$4,131$3,575$3,084$2,654$2,278$1,981
15 years$3,815$3,266$2,785$2,367$2,005$1,724
16 years$3,540$2,996$2,525$2,119$1,772$1,505
17 years$3,297$2,759$2,298$1,904$1,571$1,318
18 years$3,081$2,550$2,097$1,716$1,397$1,157
19 years$2,889$2,363$1,920$1,550$1,245$1,019
20 years$2,716$2,196$1,762$1,404$1,112$898
21 years$2,559$2,045$1,621$1,274$995$793
22 years$2,417$1,909$1,494$1,159$892$702
23 years$2,287$1,786$1,379$1,055$801$621
24 years$2,169$1,673$1,276$962$720$551
25 years$2,060$1,570$1,181$879$648$489
26 years$1,960$1,476$1,096$804$584$434
27 years$1,867$1,389$1,017$736$526$386
28 years$1,781$1,309$946$674$475$344
29 years$1,701$1,235$880$618$429$306
30 years$1,626$1,166$820$567$387$272
31 years$1,557$1,102$764$521$350$243
32 years$1,492$1,043$713$479$317$216
33 years$1,431$988$666$440$287$193
34 years$1,374$936$622$405$260$172
35 years$1,320$888$582$373$235$154
36 years$1,269$843$544$343$213$137
37 years$1,221$800$509$316$193$122
38 years$1,176$761$477$292$175$109
39 years$1,133$723$447$269$159$98
40 years$1,092$688$419$248$144$87
41 years$1,054$655$393$229$131$78
42 years$1,017$624$368$211$119$70
43 years$982$594$346$195$108$62
44 years$949$567$324$180$98$56
45 years$918$540$305$166$89$50
46 years$888$515$286$154$80$44
47 years$859$492$269$142$73$40
48 years$831$470$253$131$66$35
49 years$805$448$237$121$60$32
50 years$780$428$223$112$55$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $799,000, adding $3,059 every year, while hoping to spend $51,955 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: 44/50/6 Blend
58$799,000$799,000$799,000$799,000
59$883,653$841,306$828,922$920,907
60$918,506$827,251$801,411$932,900
61$955,173$810,765$771,237$940,286
62$993,783$791,675$738,257$947,078
63$1,034,479$769,797$702,318$953,239
64$1,077,415$744,936$663,265$958,733
65$1,122,759$716,886$620,932$963,523
66$1,170,695$685,428$575,147$967,572
67$1,221,423$650,330$525,732$970,846
68$1,275,161$611,350$472,497$973,310
69$1,332,149$568,228$415,247$974,934
70$1,392,648$520,690$353,778$975,688
71$1,456,943$468,449$287,874$975,546
72$1,525,347$411,199$217,314$974,486
73$1,598,202$348,618$141,863$972,489
74$1,675,882$280,363$61,279$969,544
75$1,758,797$206,076$0$965,646
76$1,847,397$125,377$0$962,378
77$1,942,174$37,863$0$962,459
78$2,043,668$0$0$962,001
79$2,152,472$0$0$992,358
80$2,269,234$0$0$1,047,357
81$2,394,668$0$0$1,106,510
82$2,529,556$0$0$1,170,194
83$2,674,758$0$0$1,238,825
84$2,831,217$0$0$1,312,858
85$2,999,970$0$0$1,392,794
86$3,182,154$0$0$1,479,184
87$3,379,020$0$0$1,572,632
88$3,591,945$0$0$1,673,802
89$3,822,437$0$0$1,783,426
90$4,072,160$0$0$1,902,307
91$4,342,939$0$0$2,031,328
92$4,636,783$0$0$2,171,461
93$4,955,902$0$0$2,323,775
94$5,302,724$0$0$2,489,446
95$5,679,925$0$0$2,669,768
96$6,090,444$0$0$2,866,165
97$6,537,518$0$0$3,080,203
98$7,024,707$0$0$3,313,605
99$7,555,931$0$0$3,568,270
100$8,135,503$0$0$3,846,287