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%12%
1 years$66,641$66,048$65,469$64,903$64,351$63,812
2 years$32,991$32,376$31,781$31,203$30,643$30,100
3 years$21,775$21,158$20,564$19,992$19,441$18,911
4 years$16,169$15,554$14,966$14,403$13,866$13,352
5 years$12,806$12,194$11,614$11,063$10,541$10,045
6 years$10,564$9,957$9,386$8,847$8,340$7,863
7 years$8,964$8,362$7,800$7,274$6,783$6,325
8 years$7,764$7,168$6,615$6,102$5,627$5,188
9 years$6,832$6,241$5,697$5,197$4,739$4,319
10 years$6,086$5,501$4,967$4,480$4,038$3,636
11 years$5,476$4,897$4,373$3,899$3,473$3,089
12 years$4,969$4,396$3,881$3,420$3,009$2,644
13 years$4,539$3,972$3,467$3,019$2,624$2,277
14 years$4,172$3,611$3,115$2,680$2,300$1,970
15 years$3,854$3,298$2,813$2,390$2,025$1,712
16 years$3,575$3,026$2,550$2,140$1,790$1,493
17 years$3,330$2,787$2,321$1,923$1,587$1,305
18 years$3,112$2,575$2,118$1,733$1,411$1,145
19 years$2,918$2,387$1,939$1,566$1,258$1,006
20 years$2,743$2,218$1,780$1,418$1,124$886
21 years$2,585$2,066$1,637$1,287$1,005$781
22 years$2,441$1,929$1,509$1,170$901$690
23 years$2,310$1,804$1,393$1,066$809$610
24 years$2,191$1,690$1,288$972$727$540
25 years$2,081$1,586$1,193$888$654$479
26 years$1,979$1,491$1,107$812$589$424
27 years$1,885$1,403$1,028$743$531$377
28 years$1,799$1,322$955$681$479$335
29 years$1,718$1,247$889$624$433$297
30 years$1,643$1,178$828$573$391$264
31 years$1,572$1,113$772$526$354$235
32 years$1,507$1,053$720$484$320$209
33 years$1,445$998$673$445$290$186
34 years$1,387$945$628$409$262$166
35 years$1,333$897$588$377$237$148
36 years$1,282$851$550$347$215$132
37 years$1,233$808$514$320$195$117
38 years$1,188$768$482$295$177$105
39 years$1,144$731$451$272$160$93
40 years$1,103$695$423$251$145$83
41 years$1,064$662$397$231$132$74
42 years$1,027$630$372$213$120$66
43 years$992$600$349$197$109$59
44 years$959$572$328$182$99$53
45 years$927$546$308$168$90$47
46 years$897$521$289$155$81$42
47 years$868$497$272$143$74$37
48 years$840$474$255$132$67$33
49 years$813$453$240$122$61$30
50 years$788$433$225$113$55$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $807,000, adding $4,291 every year, while hoping to spend $35,851 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: 59/36/5 Blend
58$807,000$807,000$807,000$807,000
59$893,740$850,969$838,461$945,428
60$946,756$854,521$828,404$984,104
61$1,003,979$857,046$816,809$1,021,758
62$1,065,799$858,455$803,586$1,061,900
63$1,132,645$858,655$788,641$1,104,767
64$1,204,992$857,546$771,877$1,150,625
65$1,283,357$855,022$753,191$1,199,766
66$1,368,313$850,971$732,477$1,252,514
67$1,460,487$845,275$709,620$1,309,226
68$1,560,569$837,806$684,506$1,370,298
69$1,669,320$828,432$657,010$1,436,167
70$1,787,576$817,009$627,004$1,507,317
71$1,916,255$803,389$594,355$1,584,281
72$2,056,369$787,411$558,922$1,667,649
73$2,209,031$768,907$520,558$1,758,076
74$2,375,466$747,697$479,111$1,856,280
75$2,557,023$723,594$434,421$1,963,061
76$2,755,186$696,397$386,320$2,079,298
77$2,971,588$665,893$334,635$2,205,964
78$3,208,026$631,858$279,182$2,344,136
79$3,466,482$594,056$219,771$2,495,000
80$3,749,134$552,236$156,205$2,659,869
81$4,058,382$506,132$88,274$2,840,192
82$4,396,870$455,464$15,763$3,037,572
83$4,767,505$399,937$0$3,253,776
84$5,173,493$339,236$0$3,494,045
85$5,618,363$273,032$0$3,758,359
86$6,106,000$200,975$0$4,048,272
87$6,640,685$122,696$0$4,366,427
88$7,227,132$37,805$0$4,715,742
89$7,870,533$0$0$5,099,438
90$8,576,607$0$0$5,542,504
91$9,351,654$0$0$6,045,358
92$10,202,613$0$0$6,597,535
93$11,137,129$0$0$7,204,005
94$12,163,621$0$0$7,870,240
95$13,291,367$0$0$8,602,271
96$14,530,584$0$0$9,406,741
97$15,892,532$0$0$10,290,968
98$17,389,614$0$0$11,263,017
99$19,035,493$0$0$12,331,768
100$20,845,224$0$0$13,507,010