Can I retire at age 59 with 800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$66,063$65,475$64,901$64,340$63,793$62,125
2 years$32,705$32,095$31,505$30,933$30,378$28,708
3 years$21,586$20,975$20,386$19,819$19,273$17,655
4 years$16,029$15,419$14,836$14,278$13,746$12,191
5 years$12,695$12,088$11,513$10,967$10,449$8,962
6 years$10,473$9,871$9,304$8,771$8,268$6,851
7 years$8,886$8,290$7,732$7,211$6,724$5,376
8 years$7,697$7,106$6,557$6,049$5,578$4,299
9 years$6,773$6,187$5,648$5,152$4,698$3,486
10 years$6,033$5,453$4,924$4,441$4,003$2,857
11 years$5,429$4,855$4,335$3,865$3,442$2,361
12 years$4,926$4,357$3,847$3,390$2,983$1,964
13 years$4,500$3,938$3,437$2,993$2,601$1,643
14 years$4,136$3,579$3,088$2,657$2,280$1,380
15 years$3,820$3,270$2,788$2,370$2,008$1,164
16 years$3,544$3,000$2,528$2,122$1,775$984
17 years$3,301$2,763$2,300$1,906$1,573$834
18 years$3,085$2,553$2,100$1,718$1,399$708
19 years$2,892$2,366$1,922$1,552$1,247$602
20 years$2,719$2,199$1,764$1,406$1,114$513
21 years$2,562$2,048$1,623$1,276$997$438
22 years$2,420$1,912$1,496$1,160$893$374
23 years$2,290$1,788$1,381$1,057$802$320
24 years$2,172$1,675$1,277$964$721$273
25 years$2,063$1,572$1,183$880$649$234
26 years$1,962$1,478$1,097$805$584$200
27 years$1,869$1,391$1,019$737$527$172
28 years$1,783$1,310$947$675$475$147
29 years$1,703$1,236$881$619$429$126
30 years$1,628$1,167$821$568$388$108
31 years$1,559$1,104$765$522$351$93
32 years$1,494$1,044$714$479$317$80
33 years$1,433$989$667$441$287$68
34 years$1,375$937$623$406$260$59
35 years$1,321$889$582$373$235$50
36 years$1,271$844$545$344$213$43
37 years$1,223$801$510$317$193$37
38 years$1,177$762$478$292$175$32
39 years$1,134$724$447$269$159$27
40 years$1,094$689$419$248$144$23
41 years$1,055$656$393$229$131$20
42 years$1,019$625$369$211$119$17
43 years$984$595$346$195$108$15
44 years$951$567$325$180$98$13
45 years$919$541$305$166$89$11
46 years$889$516$287$154$81$9
47 years$860$492$269$142$73$8
48 years$833$470$253$131$66$7
49 years$806$449$238$121$60$6
50 years$781$429$224$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $800,000, adding $5,865 every year, while hoping to spend $38,826 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: 31/49/20 Blend
58$800,000$800,000$800,000$800,000
59$887,650$845,250$832,850$909,479
60$936,879$845,356$819,440$926,531
61$989,829$844,167$804,279$940,956
62$1,046,838$841,577$787,268$955,668
63$1,108,277$837,476$768,303$970,715
64$1,174,554$831,745$747,274$986,153
65$1,246,118$824,261$724,068$1,002,049
66$1,323,463$814,890$698,565$1,018,478
67$1,407,129$803,493$670,640$1,035,527
68$1,497,713$789,920$640,162$1,053,297
69$1,595,868$774,014$606,996$1,071,902
70$1,702,315$755,609$570,999$1,091,472
71$1,817,844$734,528$532,021$1,112,157
72$1,943,328$710,583$489,907$1,134,126
73$2,079,723$683,577$444,495$1,157,571
74$2,228,082$653,301$395,613$1,182,709
75$2,389,566$619,531$343,085$1,209,785
76$2,565,449$582,035$286,726$1,239,076
77$2,757,134$540,565$226,341$1,270,895
78$2,966,167$494,858$161,728$1,305,593
79$3,194,247$444,636$92,677$1,343,564
80$3,443,245$389,609$18,966$1,385,252
81$3,715,221$329,465$0$1,431,155
82$4,012,443$263,878$0$1,494,567
83$4,337,408$192,503$0$1,568,523
84$4,692,863$114,975$0$1,649,720
85$5,081,835$30,909$0$1,738,994
86$5,507,656$0$0$1,837,275
87$5,973,997$0$0$1,978,001
88$6,484,899$0$0$2,150,556
89$7,044,811$0$0$2,339,791
90$7,658,635$0$0$2,547,380
91$8,331,771$0$0$2,775,164
92$9,070,162$0$0$3,025,173
93$9,880,359$0$0$3,299,641
94$10,769,574$0$0$3,601,031
95$11,745,755$0$0$3,932,054
96$12,817,653$0$0$4,295,699
97$13,994,910$0$0$4,695,257
98$15,288,147$0$0$5,134,354
99$16,709,066$0$0$5,616,984
100$18,270,558$0$0$6,147,549