Can I retire at age 59 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$66,641$66,048$65,469$64,903$64,351$62,593
2 years$32,991$32,376$31,781$31,203$30,643$28,884
3 years$21,775$21,158$20,564$19,992$19,441$17,737
4 years$16,169$15,554$14,966$14,403$13,866$12,229
5 years$12,806$12,194$11,614$11,063$10,541$8,976
6 years$10,564$9,957$9,386$8,847$8,340$6,850
7 years$8,964$8,362$7,800$7,274$6,783$5,367
8 years$7,764$7,168$6,615$6,102$5,627$4,284
9 years$6,832$6,241$5,697$5,197$4,739$3,467
10 years$6,086$5,501$4,967$4,480$4,038$2,837
11 years$5,476$4,897$4,373$3,899$3,473$2,340
12 years$4,969$4,396$3,881$3,420$3,009$1,943
13 years$4,539$3,972$3,467$3,019$2,624$1,622
14 years$4,172$3,611$3,115$2,680$2,300$1,359
15 years$3,854$3,298$2,813$2,390$2,025$1,144
16 years$3,575$3,026$2,550$2,140$1,790$965
17 years$3,330$2,787$2,321$1,923$1,587$816
18 years$3,112$2,575$2,118$1,733$1,411$691
19 years$2,918$2,387$1,939$1,566$1,258$587
20 years$2,743$2,218$1,780$1,418$1,124$499
21 years$2,585$2,066$1,637$1,287$1,005$425
22 years$2,441$1,929$1,509$1,170$901$362
23 years$2,310$1,804$1,393$1,066$809$308
24 years$2,191$1,690$1,288$972$727$263
25 years$2,081$1,586$1,193$888$654$225
26 years$1,979$1,491$1,107$812$589$192
27 years$1,885$1,403$1,028$743$531$164
28 years$1,799$1,322$955$681$479$140
29 years$1,718$1,247$889$624$433$120
30 years$1,643$1,178$828$573$391$103
31 years$1,572$1,113$772$526$354$88
32 years$1,507$1,053$720$484$320$75
33 years$1,445$998$673$445$290$64
34 years$1,387$945$628$409$262$55
35 years$1,333$897$588$377$237$47
36 years$1,282$851$550$347$215$40
37 years$1,233$808$514$320$195$35
38 years$1,188$768$482$295$177$30
39 years$1,144$731$451$272$160$25
40 years$1,103$695$423$251$145$22
41 years$1,064$662$397$231$132$19
42 years$1,027$630$372$213$120$16
43 years$992$600$349$197$109$14
44 years$959$572$328$182$99$12
45 years$927$546$308$168$90$10
46 years$897$521$289$155$81$9
47 years$868$497$272$143$74$7
48 years$840$474$255$132$67$6
49 years$813$453$240$122$61$5
50 years$788$433$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $807,000, adding $3,294 every year, while hoping to spend $42,903 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: 61/27/12 Blend
58$807,000$807,000$807,000$807,000
59$892,712$849,941$837,432$944,416
60$938,120$845,939$819,838$975,522
61$986,722$840,304$800,216$1,004,278
62$1,038,798$832,909$778,454$1,034,609
63$1,094,656$823,622$754,432$1,066,670
64$1,154,633$812,302$728,028$1,100,632
65$1,219,100$798,799$699,111$1,136,687
66$1,288,463$782,956$667,547$1,175,046
67$1,363,170$764,604$633,193$1,215,945
68$1,443,710$743,566$595,902$1,259,644
69$1,530,622$719,655$555,518$1,306,434
70$1,624,499$692,671$511,881$1,356,636
71$1,725,990$662,404$464,822$1,410,607
72$1,835,810$628,632$414,163$1,468,744
73$1,954,747$591,118$359,721$1,531,484
74$2,083,662$549,614$301,303$1,599,314
75$2,223,507$503,857$238,708$1,672,775
76$2,375,327$453,568$171,727$1,752,463
77$2,540,271$398,453$100,140$1,839,040
78$2,719,602$338,201$23,719$1,933,241
79$2,914,713$272,484$0$2,035,878
80$3,127,132$200,955$0$2,155,256
81$3,358,545$123,247$0$2,288,688
82$3,610,804$38,973$0$2,434,270
83$3,885,948$0$0$2,593,256
84$4,186,223$0$0$2,782,566
85$4,514,099$0$0$3,001,978
86$4,872,295$0$0$3,241,742
87$5,263,808$0$0$3,503,868
88$5,691,932$0$0$3,790,573
89$6,160,299$0$0$4,104,296
90$6,672,904$0$0$4,447,720
91$7,234,149$0$0$4,823,805
92$7,848,880$0$0$5,235,807
93$8,522,434$0$0$5,687,313
94$9,260,690$0$0$6,182,271
95$10,070,120$0$0$6,725,033
96$10,957,854$0$0$7,320,390
97$11,931,746$0$0$7,973,620
98$13,000,444$0$0$8,690,536
99$14,173,477$0$0$9,477,541
100$15,461,340$0$0$10,341,688