Can I retire at age 59 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$66,311$65,720$65,144$64,582$64,032$61,492
2 years$32,827$32,216$31,623$31,049$30,492$27,964
3 years$21,667$21,053$20,462$19,893$19,345$16,909
4 years$16,089$15,476$14,891$14,332$13,797$11,472
5 years$12,742$12,134$11,556$11,008$10,488$8,280
6 years$10,512$9,908$9,339$8,803$8,299$6,208
7 years$8,920$8,321$7,761$7,238$6,749$4,776
8 years$7,726$7,132$6,582$6,072$5,599$3,741
9 years$6,798$6,210$5,669$5,172$4,715$2,969
10 years$6,056$5,474$4,942$4,458$4,018$2,381
11 years$5,449$4,873$4,351$3,880$3,455$1,923
12 years$4,944$4,374$3,862$3,403$2,994$1,563
13 years$4,517$3,953$3,450$3,004$2,611$1,277
14 years$4,151$3,593$3,100$2,667$2,289$1,047
15 years$3,834$3,282$2,799$2,379$2,015$861
16 years$3,558$3,011$2,538$2,130$1,781$710
17 years$3,314$2,773$2,309$1,914$1,579$586
18 years$3,097$2,563$2,108$1,724$1,404$485
19 years$2,903$2,375$1,930$1,558$1,252$402
20 years$2,729$2,207$1,771$1,411$1,118$333
21 years$2,572$2,056$1,629$1,281$1,000$277
22 years$2,429$1,919$1,501$1,165$897$230
23 years$2,299$1,795$1,386$1,061$805$191
24 years$2,180$1,682$1,282$967$724$159
25 years$2,070$1,578$1,187$883$651$132
26 years$1,969$1,483$1,101$808$586$110
27 years$1,876$1,396$1,023$739$529$92
28 years$1,790$1,315$951$677$477$76
29 years$1,709$1,241$885$621$431$64
30 years$1,635$1,172$824$570$389$53
31 years$1,565$1,108$768$524$352$44
32 years$1,499$1,048$717$481$318$37
33 years$1,438$993$669$442$288$31
34 years$1,381$941$625$407$261$26
35 years$1,326$892$585$375$236$21
36 years$1,275$847$547$345$214$18
37 years$1,227$804$512$318$194$15
38 years$1,182$764$479$293$176$12
39 years$1,139$727$449$270$160$10
40 years$1,098$692$421$249$145$9
41 years$1,059$658$395$230$131$7
42 years$1,022$627$370$212$119$6
43 years$987$597$347$196$108$5
44 years$954$569$326$181$98$4
45 years$922$543$306$167$89$3
46 years$892$518$288$154$81$3
47 years$863$494$270$143$73$2
48 years$836$472$254$132$67$2
49 years$809$451$239$122$61$2
50 years$784$430$224$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $803,000, adding $6,798 every year, while hoping to spend $26,619 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: 85/7/8 Blend
58$803,000$803,000$803,000$803,000
59$891,918$849,359$836,913$966,373
60$954,571$862,655$836,627$1,029,293
61$1,022,723$875,711$835,439$1,094,074
62$1,096,906$888,486$833,292$1,164,407
63$1,177,706$900,938$830,123$1,240,833
64$1,265,769$913,020$825,869$1,323,948
65$1,361,804$924,685$820,462$1,414,407
66$1,466,593$935,880$813,833$1,512,934
67$1,580,996$946,548$805,906$1,620,323
68$1,705,960$956,631$796,606$1,737,450
69$1,842,526$966,064$785,851$1,865,282
70$1,991,843$974,781$773,556$2,004,880
71$2,155,174$982,707$759,633$2,157,415
72$2,333,909$989,768$743,988$2,324,178
73$2,529,581$995,879$726,525$2,506,589
74$2,743,876$1,000,956$707,141$2,706,213
75$2,978,652$1,004,903$685,731$2,924,776
76$3,235,955$1,007,624$662,184$3,164,176
77$3,518,037$1,009,012$636,382$3,426,507
78$3,827,380$1,008,957$608,204$3,714,075
79$4,166,717$1,007,340$577,523$4,029,421
80$4,539,058$1,004,036$544,206$4,375,345
81$4,947,719$998,910$508,113$4,754,931
82$5,396,353$991,823$469,101$5,171,579
83$5,888,981$982,623$427,017$5,629,033
84$6,430,037$971,151$381,702$6,131,420
85$7,024,403$957,240$332,991$6,683,288
86$7,677,457$940,709$280,711$7,289,647
87$8,395,124$921,370$224,681$7,956,019
88$9,183,932$899,023$164,713$8,688,487
89$10,051,073$873,455$100,611$9,493,758
90$11,004,469$844,440$32,167$10,379,218
91$12,052,849$811,742$0$11,353,009
92$13,205,830$775,108$0$12,427,591
93$14,474,009$734,272$0$13,612,520
94$15,869,059$688,953$0$14,915,961
95$17,403,843$638,852$0$16,349,940
96$19,092,534$583,654$0$17,927,710
97$20,950,746$523,027$0$19,663,873
98$22,995,685$456,619$0$21,574,520
99$25,246,309$384,057$0$23,677,381
100$27,723,507$304,950$0$25,991,993