Can I retire at age 59 with 800,000?

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 $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%17.9%
1 years$66,063$65,475$64,901$64,340$63,793$61,751
2 years$32,705$32,095$31,505$30,933$30,378$28,339
3 years$21,586$20,975$20,386$19,819$19,273$17,302
4 years$16,029$15,419$14,836$14,278$13,746$11,857
5 years$12,695$12,088$11,513$10,967$10,449$8,648
6 years$10,473$9,871$9,304$8,771$8,268$6,557
7 years$8,886$8,290$7,732$7,211$6,724$5,102
8 years$7,697$7,106$6,557$6,049$5,578$4,044
9 years$6,773$6,187$5,648$5,152$4,698$3,249
10 years$6,033$5,453$4,924$4,441$4,003$2,638
11 years$5,429$4,855$4,335$3,865$3,442$2,159
12 years$4,926$4,357$3,847$3,390$2,983$1,779
13 years$4,500$3,938$3,437$2,993$2,601$1,473
14 years$4,136$3,579$3,088$2,657$2,280$1,224
15 years$3,820$3,270$2,788$2,370$2,008$1,021
16 years$3,544$3,000$2,528$2,122$1,775$854
17 years$3,301$2,763$2,300$1,906$1,573$716
18 years$3,085$2,553$2,100$1,718$1,399$602
19 years$2,892$2,366$1,922$1,552$1,247$506
20 years$2,719$2,199$1,764$1,406$1,114$426
21 years$2,562$2,048$1,623$1,276$997$359
22 years$2,420$1,912$1,496$1,160$893$303
23 years$2,290$1,788$1,381$1,057$802$256
24 years$2,172$1,675$1,277$964$721$217
25 years$2,063$1,572$1,183$880$649$183
26 years$1,962$1,478$1,097$805$584$155
27 years$1,869$1,391$1,019$737$527$131
28 years$1,783$1,310$947$675$475$111
29 years$1,703$1,236$881$619$429$94
30 years$1,628$1,167$821$568$388$80
31 years$1,559$1,104$765$522$351$67
32 years$1,494$1,044$714$479$317$57
33 years$1,433$989$667$441$287$48
34 years$1,375$937$623$406$260$41
35 years$1,321$889$582$373$235$35
36 years$1,271$844$545$344$213$30
37 years$1,223$801$510$317$193$25
38 years$1,177$762$478$292$175$21
39 years$1,134$724$447$269$159$18
40 years$1,094$689$419$248$144$15
41 years$1,055$656$393$229$131$13
42 years$1,019$625$369$211$119$11
43 years$984$595$346$195$108$9
44 years$951$567$325$180$98$8
45 years$919$541$305$166$89$7
46 years$889$516$287$154$81$6
47 years$860$492$269$142$73$5
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $800,000, adding $4,235 every year, while hoping to spend $32,687 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: 31/40/29 Blend
58$800,000$800,000$800,000$800,000
59$885,968$843,568$831,168$905,473
60$941,558$850,125$824,234$927,522
61$1,001,723$855,906$815,971$948,092
62$1,066,895$860,842$806,302$969,597
63$1,137,548$864,853$795,143$992,144
64$1,214,206$867,858$782,408$1,015,849
65$1,297,442$869,771$768,007$1,040,846
66$1,387,889$870,498$751,843$1,067,283
67$1,486,243$869,941$733,818$1,095,327
68$1,593,267$867,995$713,829$1,125,164
69$1,709,804$864,551$691,765$1,157,003
70$1,836,779$859,489$667,515$1,191,076
71$1,975,211$852,685$640,958$1,227,644
72$2,126,223$844,007$611,970$1,266,997
73$2,291,049$833,314$580,422$1,309,460
74$2,471,047$820,458$546,178$1,355,392
75$2,667,714$805,280$509,095$1,405,198
76$2,882,697$787,615$469,025$1,459,325
77$3,117,808$767,284$425,813$1,518,271
78$3,375,045$744,101$379,298$1,582,593
79$3,656,605$717,868$329,310$1,652,906
80$3,964,909$688,374$275,673$1,729,898
81$4,302,624$655,398$218,202$1,814,330
82$4,672,684$618,705$156,704$1,907,050
83$5,078,322$578,046$90,978$2,008,997
84$5,523,100$533,160$20,815$2,121,215
85$6,010,940$483,768$0$2,244,862
86$6,546,160$429,577$0$2,397,949
87$7,133,518$370,276$0$2,573,135
88$7,778,257$305,540$0$2,765,622
89$8,486,148$235,020$0$2,977,239
90$9,263,551$158,352$0$3,210,002
91$10,117,471$75,149$0$3,466,143
92$11,055,626$0$0$3,748,127
93$12,086,517$0$0$4,065,276
94$13,219,510$0$0$4,450,322
95$14,464,924$0$0$4,873,710
96$15,834,127$0$0$5,339,321
97$17,339,642$0$0$5,851,432
98$18,995,268$0$0$6,414,755
99$20,816,208$0$0$7,034,481
100$22,819,212$0$0$7,716,329