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%18.4%
1 years$65,981$65,393$64,820$64,260$63,713$61,551
2 years$32,664$32,055$31,466$30,894$30,340$28,183
3 years$21,559$20,949$20,360$19,794$19,249$17,165
4 years$16,008$15,399$14,817$14,261$13,728$11,734
5 years$12,679$12,073$11,499$10,954$10,436$8,536
6 years$10,460$9,859$9,293$8,760$8,258$6,453
7 years$8,875$8,279$7,722$7,202$6,716$5,007
8 years$7,687$7,097$6,549$6,041$5,571$3,957
9 years$6,764$6,179$5,641$5,146$4,692$3,170
10 years$6,026$5,447$4,918$4,436$3,998$2,566
11 years$5,422$4,849$4,329$3,860$3,438$2,093
12 years$4,919$4,352$3,842$3,386$2,979$1,719
13 years$4,494$3,933$3,433$2,989$2,598$1,418
14 years$4,131$3,575$3,084$2,654$2,278$1,175
15 years$3,815$3,266$2,785$2,367$2,005$977
16 years$3,540$2,996$2,525$2,119$1,772$814
17 years$3,297$2,759$2,298$1,904$1,571$680
18 years$3,081$2,550$2,097$1,716$1,397$569
19 years$2,889$2,363$1,920$1,550$1,245$477
20 years$2,716$2,196$1,762$1,404$1,112$400
21 years$2,559$2,045$1,621$1,274$995$336
22 years$2,417$1,909$1,494$1,159$892$282
23 years$2,287$1,786$1,379$1,055$801$238
24 years$2,169$1,673$1,276$962$720$200
25 years$2,060$1,570$1,181$879$648$169
26 years$1,960$1,476$1,096$804$584$142
27 years$1,867$1,389$1,017$736$526$120
28 years$1,781$1,309$946$674$475$101
29 years$1,701$1,235$880$618$429$85
30 years$1,626$1,166$820$567$387$72
31 years$1,557$1,102$764$521$350$61
32 years$1,492$1,043$713$479$317$51
33 years$1,431$988$666$440$287$43
34 years$1,374$936$622$405$260$36
35 years$1,320$888$582$373$235$31
36 years$1,269$843$544$343$213$26
37 years$1,221$800$509$316$193$22
38 years$1,176$761$477$292$175$19
39 years$1,133$723$447$269$159$16
40 years$1,092$688$419$248$144$13
41 years$1,054$655$393$229$131$11
42 years$1,017$624$368$211$119$9
43 years$982$594$346$195$108$8
44 years$949$567$324$180$98$7
45 years$918$540$305$166$89$6
46 years$888$515$286$154$80$5
47 years$859$492$269$142$73$4
48 years$831$470$253$131$66$3
49 years$805$448$237$121$60$3
50 years$780$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $799,000, adding $3,297 every year, while hoping to spend $49,180 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: 36/50/14 Blend
58$799,000$799,000$799,000$799,000
59$883,899$841,552$829,167$911,802
60$921,729$830,461$804,617$921,114
61$961,770$817,178$777,597$926,231
62$1,004,195$801,544$747,970$930,688
63$1,049,194$783,390$715,598$934,449
64$1,096,973$762,538$680,332$937,484
65$1,147,760$738,798$642,019$939,760
66$1,201,802$711,969$600,497$941,247
67$1,259,371$681,841$555,599$941,918
68$1,320,764$648,189$507,149$941,748
69$1,386,307$610,775$454,963$940,715
70$1,456,356$569,349$398,850$938,802
71$1,531,303$523,645$338,610$935,995
72$1,611,575$473,383$274,033$932,287
73$1,697,644$418,267$204,901$927,679
74$1,790,025$357,984$130,987$922,178
75$1,889,285$292,202$52,052$915,800
76$1,996,044$220,572$0$908,573
77$2,110,985$142,725$0$905,345
78$2,234,858$58,271$0$909,972
79$2,368,485$0$0$914,780
80$2,512,771$0$0$938,168
81$2,668,709$0$0$998,182
82$2,837,391$0$0$1,063,195
83$3,020,018$0$0$1,133,679
84$3,217,909$0$0$1,210,157
85$3,432,515$0$0$1,293,202
86$3,665,431$0$0$1,383,446
87$3,918,414$0$0$1,481,582
88$4,193,392$0$0$1,588,374
89$4,492,490$0$0$1,704,662
90$4,818,045$0$0$1,831,372
91$5,172,626$0$0$1,969,520
92$5,559,064$0$0$2,120,227
93$5,980,472$0$0$2,284,725
94$6,440,276$0$0$2,464,371
95$6,942,249$0$0$2,660,660
96$7,490,543$0$0$2,875,235
97$8,089,729$0$0$3,109,907
98$8,744,838$0$0$3,366,669
99$9,461,413$0$0$3,647,717
100$10,245,553$0$0$3,955,468