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%15.7%
1 years$66,476$65,884$65,306$64,742$64,192$62,691
2 years$32,909$32,296$31,702$31,126$30,568$29,064
3 years$21,721$21,106$20,513$19,943$19,393$17,934
4 years$16,129$15,515$14,928$14,368$13,831$12,428
5 years$12,774$12,164$11,585$11,036$10,514$9,170
6 years$10,538$9,933$9,362$8,825$8,320$7,036
7 years$8,942$8,342$7,780$7,256$6,766$5,544
8 years$7,745$7,150$6,598$6,087$5,613$4,451
9 years$6,815$6,226$5,683$5,185$4,727$3,625
10 years$6,071$5,488$4,955$4,469$4,028$2,984
11 years$5,463$4,885$4,362$3,889$3,464$2,477
12 years$4,956$4,385$3,871$3,412$3,002$2,070
13 years$4,528$3,963$3,459$3,012$2,618$1,740
14 years$4,162$3,602$3,108$2,674$2,295$1,468
15 years$3,844$3,290$2,806$2,384$2,020$1,244
16 years$3,566$3,019$2,544$2,135$1,786$1,057
17 years$3,322$2,780$2,315$1,918$1,583$900
18 years$3,105$2,569$2,113$1,729$1,408$769
19 years$2,910$2,381$1,934$1,562$1,255$657
20 years$2,736$2,213$1,775$1,415$1,121$563
21 years$2,578$2,061$1,633$1,284$1,003$483
22 years$2,435$1,924$1,505$1,167$899$415
23 years$2,305$1,799$1,390$1,063$807$356
24 years$2,185$1,686$1,285$970$725$306
25 years$2,075$1,582$1,190$886$653$264
26 years$1,974$1,487$1,104$810$588$227
27 years$1,881$1,399$1,025$741$530$196
28 years$1,794$1,319$953$679$478$169
29 years$1,714$1,244$887$623$432$145
30 years$1,639$1,175$826$572$390$125
31 years$1,569$1,110$770$525$353$108
32 years$1,503$1,051$719$482$319$93
33 years$1,442$995$671$444$289$81
34 years$1,384$943$627$408$261$70
35 years$1,330$895$586$376$237$60
36 years$1,279$849$548$346$215$52
37 years$1,230$806$513$319$194$45
38 years$1,185$766$481$294$176$39
39 years$1,141$729$450$271$160$33
40 years$1,101$693$422$250$145$29
41 years$1,062$660$396$231$132$25
42 years$1,025$629$371$213$119$22
43 years$990$599$348$196$108$19
44 years$956$571$327$181$98$16
45 years$925$544$307$168$89$14
46 years$894$519$288$155$81$12
47 years$865$496$271$143$74$10
48 years$838$473$255$132$67$9
49 years$811$452$239$122$61$8
50 years$786$432$225$113$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $805,000, adding $4,481 every year, while hoping to spend $43,388 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: 55/34/11 Blend
58$805,000$805,000$805,000$805,000
59$891,732$849,067$836,590$938,062
60$936,524$844,507$818,451$965,404
61$984,431$838,269$798,250$990,030
62$1,035,724$830,226$775,873$1,015,821
63$1,090,702$820,241$751,199$1,042,895
64$1,149,692$808,171$724,102$1,071,385
65$1,213,053$793,863$694,451$1,101,440
66$1,281,178$777,156$662,109$1,133,225
67$1,354,500$757,879$626,932$1,166,925
68$1,433,495$735,850$588,770$1,202,747
69$1,518,683$710,879$547,465$1,240,919
70$1,610,638$682,761$502,855$1,281,700
71$1,709,989$651,283$454,767$1,325,375
72$1,817,429$616,216$403,022$1,372,261
73$1,933,718$577,322$347,435$1,422,714
74$2,059,692$534,346$287,809$1,477,126
75$2,196,270$487,019$223,940$1,535,938
76$2,344,464$435,057$155,617$1,599,635
77$2,505,386$378,161$82,616$1,668,760
78$2,680,257$316,013$4,705$1,743,915
79$2,870,424$248,278$0$1,825,769
80$3,077,367$174,603$0$1,924,269
81$3,302,714$94,614$0$2,032,222
82$3,548,257$7,917$0$2,150,021
83$3,815,968$0$0$2,278,711
84$4,108,019$0$0$2,451,591
85$4,426,797$0$0$2,643,597
86$4,774,933$0$0$2,853,359
87$5,155,322$0$0$3,082,630
88$5,571,151$0$0$3,333,341
89$6,025,930$0$0$3,607,617
90$6,523,521$0$0$3,907,799
91$7,068,179$0$0$4,236,464
92$7,664,589$0$0$4,596,450
93$8,317,910$0$0$4,990,882
94$9,033,823$0$0$5,423,203
95$9,818,585$0$0$5,897,203
96$10,679,086$0$0$6,417,057
97$11,622,918$0$0$6,987,364
98$12,658,439$0$0$7,613,188
99$13,794,858$0$0$8,300,110
100$15,042,317$0$0$9,054,275