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%16.5%
1 years$66,641$66,048$65,469$64,903$64,351$62,643
2 years$32,991$32,376$31,781$31,203$30,643$28,934
3 years$21,775$21,158$20,564$19,992$19,441$17,785
4 years$16,169$15,554$14,966$14,403$13,866$12,275
5 years$12,806$12,194$11,614$11,063$10,541$9,019
6 years$10,564$9,957$9,386$8,847$8,340$6,890
7 years$8,964$8,362$7,800$7,274$6,783$5,404
8 years$7,764$7,168$6,615$6,102$5,627$4,319
9 years$6,832$6,241$5,697$5,197$4,739$3,500
10 years$6,086$5,501$4,967$4,480$4,038$2,867
11 years$5,476$4,897$4,373$3,899$3,473$2,368
12 years$4,969$4,396$3,881$3,420$3,009$1,969
13 years$4,539$3,972$3,467$3,019$2,624$1,645
14 years$4,172$3,611$3,115$2,680$2,300$1,381
15 years$3,854$3,298$2,813$2,390$2,025$1,164
16 years$3,575$3,026$2,550$2,140$1,790$983
17 years$3,330$2,787$2,321$1,923$1,587$833
18 years$3,112$2,575$2,118$1,733$1,411$707
19 years$2,918$2,387$1,939$1,566$1,258$601
20 years$2,743$2,218$1,780$1,418$1,124$511
21 years$2,585$2,066$1,637$1,287$1,005$436
22 years$2,441$1,929$1,509$1,170$901$372
23 years$2,310$1,804$1,393$1,066$809$318
24 years$2,191$1,690$1,288$972$727$272
25 years$2,081$1,586$1,193$888$654$232
26 years$1,979$1,491$1,107$812$589$199
27 years$1,885$1,403$1,028$743$531$170
28 years$1,799$1,322$955$681$479$146
29 years$1,718$1,247$889$624$433$125
30 years$1,643$1,178$828$573$391$107
31 years$1,572$1,113$772$526$354$92
32 years$1,507$1,053$720$484$320$79
33 years$1,445$998$673$445$290$67
34 years$1,387$945$628$409$262$58
35 years$1,333$897$588$377$237$50
36 years$1,282$851$550$347$215$43
37 years$1,233$808$514$320$195$36
38 years$1,188$768$482$295$177$31
39 years$1,144$731$451$272$160$27
40 years$1,103$695$423$251$145$23
41 years$1,064$662$397$231$132$20
42 years$1,027$630$372$213$120$17
43 years$992$600$349$197$109$15
44 years$959$572$328$182$99$12
45 years$927$546$308$168$90$11
46 years$897$521$289$155$81$9
47 years$868$497$272$143$74$8
48 years$840$474$255$132$67$7
49 years$813$453$240$122$61$6
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 $2,642 every year, while hoping to spend $31,211 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: 41/40/19 Blend
58$807,000$807,000$807,000$807,000
59$892,039$849,268$836,760$923,520
60$949,819$857,674$831,583$954,572
61$1,012,446$865,446$825,187$984,944
62$1,080,382$872,519$817,497$1,017,170
63$1,154,135$878,826$808,437$1,051,436
64$1,234,262$884,295$797,925$1,087,947
65$1,321,379$888,846$785,877$1,126,933
66$1,416,159$892,400$772,204$1,168,645
67$1,519,347$894,867$756,812$1,213,366
68$1,631,761$896,156$739,606$1,261,407
69$1,754,300$896,167$720,482$1,313,113
70$1,887,955$894,796$699,335$1,368,867
71$2,033,817$891,931$676,053$1,429,093
72$2,193,085$887,454$650,519$1,494,261
73$2,367,081$881,241$622,613$1,564,891
74$2,557,258$873,157$592,206$1,641,561
75$2,765,220$863,063$559,166$1,724,908
76$2,992,727$850,808$523,353$1,815,639
77$3,241,722$836,235$484,622$1,914,536
78$3,514,343$819,175$442,822$2,022,465
79$3,812,942$799,451$397,793$2,140,384
80$4,140,113$776,875$349,370$2,269,352
81$4,498,711$751,248$297,380$2,410,543
82$4,891,879$722,358$241,641$2,565,253
83$5,323,080$689,984$181,966$2,734,917
84$5,796,129$653,888$118,157$2,921,119
85$6,315,227$613,821$50,009$3,125,613
86$6,885,002$569,520$0$3,350,338
87$7,510,551$520,706$0$3,602,041
88$8,197,490$467,082$0$3,889,602
89$8,952,003$408,339$0$4,205,537
90$9,780,905$344,145$0$4,552,785
91$10,691,703$274,154$0$4,934,592
92$11,692,666$197,997$0$5,354,540
93$12,792,906$115,286$0$5,816,582
94$14,002,458$25,612$0$6,325,081
95$15,332,383$0$0$6,884,850
96$16,794,863$0$0$7,532,656
97$18,403,320$0$0$8,257,638
98$20,172,545$0$0$9,055,203
99$22,118,832$0$0$9,932,711
100$24,260,133$0$0$10,898,272