Can I retire at age 59 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$66,724$66,130$65,550$64,984$64,431$64,052
2 years$33,032$32,416$31,820$31,242$30,681$30,299
3 years$21,802$21,185$20,590$20,017$19,466$19,091
4 years$16,189$15,573$14,984$14,421$13,883$13,520
5 years$12,822$12,209$11,628$11,077$10,554$10,203
6 years$10,577$9,970$9,397$8,858$8,351$8,013
7 years$8,975$8,373$7,809$7,283$6,791$6,467
8 years$7,774$7,177$6,623$6,109$5,634$5,323
9 years$6,840$6,249$5,704$5,204$4,745$4,446
10 years$6,094$5,508$4,973$4,486$4,043$3,757
11 years$5,483$4,903$4,378$3,904$3,477$3,204
12 years$4,975$4,401$3,886$3,424$3,013$2,753
13 years$4,545$3,977$3,472$3,023$2,627$2,379
14 years$4,177$3,615$3,119$2,684$2,303$2,067
15 years$3,858$3,303$2,816$2,393$2,028$1,803
16 years$3,580$3,030$2,553$2,143$1,792$1,579
17 years$3,334$2,791$2,323$1,925$1,589$1,386
18 years$3,116$2,579$2,121$1,735$1,413$1,221
19 years$2,921$2,390$1,942$1,568$1,259$1,077
20 years$2,746$2,221$1,782$1,420$1,125$953
21 years$2,588$2,069$1,639$1,289$1,007$844
22 years$2,444$1,931$1,511$1,172$902$749
23 years$2,313$1,806$1,395$1,067$810$665
24 years$2,193$1,692$1,290$973$728$592
25 years$2,083$1,588$1,195$889$655$527
26 years$1,982$1,492$1,108$813$590$469
27 years$1,888$1,404$1,029$744$532$419
28 years$1,801$1,323$957$682$480$374
29 years$1,720$1,249$890$625$433$334
30 years$1,645$1,179$829$574$392$298
31 years$1,574$1,115$773$527$354$266
32 years$1,509$1,055$721$484$320$238
33 years$1,447$999$673$445$290$213
34 years$1,389$947$629$410$262$191
35 years$1,335$898$588$377$238$171
36 years$1,283$852$550$347$215$153
37 years$1,235$809$515$320$195$137
38 years$1,189$769$482$295$177$123
39 years$1,146$731$452$272$160$110
40 years$1,105$696$424$251$146$99
41 years$1,066$662$397$231$132$88
42 years$1,029$631$373$214$120$79
43 years$994$601$350$197$109$71
44 years$960$573$328$182$99$64
45 years$928$546$308$168$90$57
46 years$898$521$289$155$81$51
47 years$869$497$272$143$74$46
48 years$841$475$255$133$67$41
49 years$814$453$240$123$61$37
50 years$789$433$226$113$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $808,000, adding $3,248 every year, while hoping to spend $41,927 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: 62/24/14 Blend
58$808,000$808,000$808,000$808,000
59$893,766$850,942$838,418$945,934
60$940,320$848,028$821,895$978,439
61$990,218$843,567$803,414$1,008,846
62$1,043,755$837,437$782,863$1,041,024
63$1,101,259$829,511$760,129$1,075,146
64$1,163,085$819,655$735,092$1,111,408
65$1,229,627$807,725$707,624$1,150,021
66$1,301,315$793,570$677,596$1,191,223
67$1,378,623$777,029$644,869$1,235,278
68$1,462,070$757,931$609,300$1,282,477
69$1,552,228$736,096$570,738$1,333,143
70$1,649,724$711,334$529,027$1,387,635
71$1,755,249$683,442$484,002$1,446,350
72$1,869,560$652,207$435,492$1,509,727
73$1,993,493$617,403$383,319$1,578,254
74$2,127,964$578,790$327,295$1,652,470
75$2,273,981$536,116$267,224$1,732,973
76$2,432,655$489,113$202,904$1,820,424
77$2,605,206$437,500$134,121$1,915,554
78$2,792,975$380,976$60,653$2,019,176
79$2,997,442$319,227$0$2,132,183
80$3,220,231$251,919$0$2,258,222
81$3,463,131$178,700$0$2,405,578
82$3,728,112$99,198$0$2,566,433
83$4,017,342$13,020$0$2,742,169
84$4,333,204$0$0$2,934,311
85$4,678,327$0$0$3,165,737
86$5,055,601$0$0$3,422,540
87$5,468,210$0$0$3,703,453
88$5,919,658$0$0$4,010,872
89$6,413,805$0$0$4,347,433
90$6,954,901$0$0$4,716,037
91$7,547,626$0$0$5,119,882
92$8,197,133$0$0$5,562,487
93$8,909,099$0$0$6,047,730
94$9,689,775$0$0$6,579,880
95$10,546,047$0$0$7,163,642
96$11,485,497$0$0$7,804,194
97$12,516,480$0$0$8,507,243
98$13,648,196$0$0$9,279,074
99$14,890,781$0$0$10,126,611
100$16,255,399$0$0$11,057,481