Can I retire at age 59 with 805,000?

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 $805,000?

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$66,476$65,884$65,306$64,742$64,192$63,707
2 years$32,909$32,296$31,702$31,126$30,568$30,079
3 years$21,721$21,106$20,513$19,943$19,393$18,916
4 years$16,129$15,515$14,928$14,368$13,831$13,369
5 years$12,774$12,164$11,585$11,036$10,514$10,068
6 years$10,538$9,933$9,362$8,825$8,320$7,890
7 years$8,942$8,342$7,780$7,256$6,766$6,354
8 years$7,745$7,150$6,598$6,087$5,613$5,218
9 years$6,815$6,226$5,683$5,185$4,727$4,348
10 years$6,071$5,488$4,955$4,469$4,028$3,666
11 years$5,463$4,885$4,362$3,889$3,464$3,118
12 years$4,956$4,385$3,871$3,412$3,002$2,672
13 years$4,528$3,963$3,459$3,012$2,618$2,304
14 years$4,162$3,602$3,108$2,674$2,295$1,996
15 years$3,844$3,290$2,806$2,384$2,020$1,737
16 years$3,566$3,019$2,544$2,135$1,786$1,516
17 years$3,322$2,780$2,315$1,918$1,583$1,328
18 years$3,105$2,569$2,113$1,729$1,408$1,166
19 years$2,910$2,381$1,934$1,562$1,255$1,026
20 years$2,736$2,213$1,775$1,415$1,121$905
21 years$2,578$2,061$1,633$1,284$1,003$799
22 years$2,435$1,924$1,505$1,167$899$707
23 years$2,305$1,799$1,390$1,063$807$626
24 years$2,185$1,686$1,285$970$725$555
25 years$2,075$1,582$1,190$886$653$493
26 years$1,974$1,487$1,104$810$588$438
27 years$1,881$1,399$1,025$741$530$389
28 years$1,794$1,319$953$679$478$346
29 years$1,714$1,244$887$623$432$308
30 years$1,639$1,175$826$572$390$274
31 years$1,569$1,110$770$525$353$244
32 years$1,503$1,051$719$482$319$218
33 years$1,442$995$671$444$289$194
34 years$1,384$943$627$408$261$173
35 years$1,330$895$586$376$237$155
36 years$1,279$849$548$346$215$138
37 years$1,230$806$513$319$194$123
38 years$1,185$766$481$294$176$110
39 years$1,141$729$450$271$160$98
40 years$1,101$693$422$250$145$88
41 years$1,062$660$396$231$132$78
42 years$1,025$629$371$213$119$70
43 years$990$599$348$196$108$63
44 years$956$571$327$181$98$56
45 years$925$544$307$168$89$50
46 years$894$519$288$155$81$45
47 years$865$496$271$143$74$40
48 years$838$473$255$132$67$36
49 years$811$452$239$122$61$32
50 years$786$432$225$113$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $805,000, adding $3,703 every year, while hoping to spend $23,087 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: 54/26/20 Blend
58$805,000$805,000$805,000$805,000
59$890,930$848,265$835,787$934,003
60$957,240$865,265$839,222$980,925
61$1,029,540$882,325$841,997$1,029,233
62$1,108,417$899,423$844,068$1,081,322
63$1,194,516$916,535$845,385$1,137,558
64$1,288,548$933,636$845,896$1,198,348
65$1,391,295$950,699$845,549$1,264,138
66$1,503,619$967,695$844,286$1,335,422
67$1,626,467$984,592$842,050$1,412,742
68$1,760,885$1,001,355$838,776$1,496,698
69$1,908,022$1,017,948$834,402$1,587,952
70$2,069,144$1,034,331$828,858$1,687,231
71$2,245,645$1,050,462$822,073$1,795,339
72$2,439,061$1,066,295$813,973$1,913,162
73$2,651,083$1,081,780$804,478$2,041,676
74$2,883,572$1,096,867$793,508$2,181,960
75$3,138,582$1,111,498$780,975$2,335,200
76$3,418,370$1,125,615$766,790$2,502,706
77$3,725,425$1,139,152$750,860$2,685,922
78$4,062,489$1,152,041$733,084$2,886,441
79$4,432,582$1,164,209$713,361$3,106,019
80$4,839,029$1,175,579$691,583$3,346,591
81$5,285,495$1,186,068$667,636$3,610,292
82$5,776,016$1,195,586$641,402$3,899,475
83$6,315,040$1,204,039$612,759$4,216,737
84$6,907,465$1,211,328$581,577$4,564,937
85$7,558,688$1,217,345$547,722$4,947,232
86$8,274,656$1,221,977$511,053$5,367,099
87$9,061,920$1,225,103$471,422$5,828,374
88$9,927,697$1,226,594$428,676$6,335,285
89$10,879,939$1,226,314$382,653$6,892,493
90$11,927,408$1,224,119$333,187$7,505,139
91$13,079,757$1,219,854$280,102$8,178,889
92$14,347,621$1,213,356$223,215$8,919,990
93$15,742,720$1,204,452$162,334$9,735,329
94$17,277,966$1,192,959$97,261$10,632,498
95$18,967,586$1,178,681$27,787$11,619,868
96$20,827,257$1,161,413$0$12,706,667
97$22,874,250$1,140,935$0$13,912,958
98$25,127,599$1,117,016$0$15,247,035
99$27,608,275$1,089,411$0$16,715,374
100$30,339,386$1,057,859$0$18,331,656