Can I retire at age 59 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$66,559$65,966$65,387$64,823$64,272$63,495
2 years$32,950$32,336$31,741$31,165$30,606$29,824
3 years$21,748$21,132$20,539$19,968$19,417$18,655
4 years$16,149$15,534$14,947$14,386$13,849$13,111
5 years$12,790$12,179$11,599$11,049$10,528$9,818
6 years$10,551$9,945$9,374$8,836$8,330$7,648
7 years$8,953$8,352$7,790$7,265$6,775$6,121
8 years$7,755$7,159$6,606$6,094$5,620$4,995
9 years$6,823$6,233$5,690$5,191$4,733$4,136
10 years$6,079$5,494$4,961$4,475$4,033$3,464
11 years$5,470$4,891$4,367$3,894$3,468$2,927
12 years$4,963$4,390$3,876$3,416$3,006$2,491
13 years$4,534$3,967$3,463$3,016$2,621$2,132
14 years$4,167$3,606$3,111$2,677$2,297$1,834
15 years$3,849$3,294$2,809$2,387$2,023$1,584
16 years$3,571$3,023$2,547$2,138$1,788$1,372
17 years$3,326$2,784$2,318$1,921$1,585$1,193
18 years$3,108$2,572$2,116$1,731$1,409$1,039
19 years$2,914$2,384$1,937$1,564$1,256$907
20 years$2,739$2,215$1,778$1,417$1,122$794
21 years$2,581$2,063$1,635$1,286$1,004$695
22 years$2,438$1,926$1,507$1,169$900$610
23 years$2,307$1,801$1,391$1,065$808$536
24 years$2,188$1,688$1,287$971$726$471
25 years$2,078$1,584$1,192$887$654$414
26 years$1,977$1,489$1,105$811$589$365
27 years$1,883$1,401$1,026$742$531$322
28 years$1,796$1,320$954$680$479$284
29 years$1,716$1,245$888$624$432$250
30 years$1,641$1,176$827$572$391$221
31 years$1,571$1,112$771$526$353$195
32 years$1,505$1,052$719$483$320$172
33 years$1,443$996$672$444$289$152
34 years$1,386$944$628$409$262$135
35 years$1,331$896$587$376$237$119
36 years$1,280$850$549$346$215$105
37 years$1,232$807$514$319$195$93
38 years$1,186$767$481$294$177$82
39 years$1,143$730$451$271$160$73
40 years$1,102$694$423$250$145$64
41 years$1,063$661$396$231$132$57
42 years$1,026$629$372$213$120$50
43 years$991$600$349$197$108$45
44 years$958$572$327$182$98$40
45 years$926$545$307$168$89$35
46 years$895$520$289$155$81$31
47 years$866$496$271$143$74$27
48 years$839$474$255$132$67$24
49 years$812$452$240$122$61$22
50 years$787$432$225$113$55$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $806,000, adding $6,729 every year, while hoping to spend $24,071 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: 49/36/15 Blend
58$806,000$806,000$806,000$806,000
59$895,153$852,435$839,942$934,986
60$960,847$868,593$842,469$979,318
61$1,032,436$884,736$844,273$1,024,409
62$1,110,494$900,838$845,306$1,072,860
63$1,195,655$916,870$845,515$1,124,995
64$1,288,618$932,803$844,846$1,181,170
65$1,390,150$948,602$843,241$1,241,779
66$1,501,095$964,234$840,640$1,307,256
67$1,622,386$979,661$836,980$1,378,080
68$1,755,046$994,840$832,195$1,454,777
69$1,900,203$1,009,730$826,216$1,537,930
70$2,059,099$1,024,283$818,970$1,628,181
71$2,233,103$1,038,448$810,382$1,726,237
72$2,423,721$1,052,174$800,371$1,832,881
73$2,632,611$1,065,401$788,854$1,948,972
74$2,861,601$1,078,068$775,743$2,075,461
75$3,112,702$1,090,111$760,948$2,213,395
76$3,388,130$1,101,460$744,373$2,363,930
77$3,690,328$1,112,040$725,918$2,528,341
78$4,021,982$1,121,771$705,477$2,708,034
79$4,386,056$1,130,569$682,942$2,904,557
80$4,785,810$1,138,344$658,198$3,119,623
81$5,224,840$1,144,999$631,124$3,355,115
82$5,707,103$1,150,434$601,596$3,613,115
83$6,236,961$1,154,538$569,483$3,895,915
84$6,819,218$1,157,197$534,647$4,206,045
85$7,459,166$1,158,289$496,947$4,546,296
86$8,162,638$1,157,682$456,231$4,919,743
87$8,936,057$1,155,238$412,345$5,329,779
88$9,786,501$1,150,811$365,125$5,780,144
89$10,721,768$1,144,244$314,400$6,274,966
90$11,750,449$1,135,373$259,993$6,818,792
91$12,882,009$1,124,021$201,717$7,416,640
92$14,126,879$1,110,002$139,380$8,074,040
93$15,496,549$1,093,121$72,777$8,797,092
94$17,003,680$1,073,167$1,698$9,592,522
95$18,662,223$1,049,920$0$10,467,744
96$20,487,548$1,023,144$0$11,442,803
97$22,496,593$992,593$0$12,515,906
98$24,708,019$958,003$0$13,696,760
99$27,142,388$919,097$0$14,996,362
100$29,822,359$875,580$0$16,426,836