Can I retire at age 59 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$66,806$66,211$65,631$65,064$64,511$62,321
2 years$33,073$32,457$31,860$31,281$30,719$28,535
3 years$21,829$21,211$20,615$20,042$19,490$17,380
4 years$16,209$15,592$15,003$14,439$13,900$11,881
5 years$12,837$12,224$11,643$11,091$10,567$8,643
6 years$10,591$9,982$9,409$8,869$8,361$6,534
7 years$8,986$8,383$7,819$7,292$6,800$5,070
8 years$7,784$7,186$6,631$6,117$5,641$4,007
9 years$6,849$6,257$5,711$5,210$4,751$3,210
10 years$6,101$5,515$4,979$4,491$4,048$2,598
11 years$5,490$4,910$4,384$3,909$3,481$2,120
12 years$4,981$4,407$3,890$3,429$3,017$1,740
13 years$4,551$3,982$3,476$3,027$2,631$1,436
14 years$4,182$3,620$3,123$2,687$2,306$1,190
15 years$3,863$3,307$2,820$2,396$2,030$989
16 years$3,584$3,034$2,556$2,146$1,794$824
17 years$3,338$2,794$2,326$1,928$1,591$688
18 years$3,120$2,582$2,124$1,737$1,415$576
19 years$2,925$2,393$1,944$1,570$1,261$483
20 years$2,750$2,223$1,784$1,422$1,126$405
21 years$2,591$2,071$1,641$1,290$1,008$340
22 years$2,447$1,933$1,512$1,173$903$286
23 years$2,316$1,808$1,397$1,068$811$241
24 years$2,196$1,694$1,292$975$729$203
25 years$2,086$1,590$1,196$890$656$171
26 years$1,984$1,494$1,109$814$591$144
27 years$1,890$1,406$1,030$745$533$121
28 years$1,803$1,325$958$682$481$102
29 years$1,722$1,250$891$626$434$86
30 years$1,647$1,181$830$574$392$73
31 years$1,576$1,116$774$527$355$61
32 years$1,511$1,056$722$485$321$52
33 years$1,449$1,000$674$446$290$44
34 years$1,391$948$630$410$263$37
35 years$1,336$899$589$378$238$31
36 years$1,285$853$551$348$216$26
37 years$1,236$810$516$320$195$22
38 years$1,191$770$483$295$177$19
39 years$1,147$732$452$272$161$16
40 years$1,106$697$424$251$146$13
41 years$1,067$663$398$232$132$11
42 years$1,030$632$373$214$120$10
43 years$995$602$350$197$109$8
44 years$961$574$329$182$99$7
45 years$929$547$308$168$90$6
46 years$899$522$290$155$81$5
47 years$870$498$272$144$74$4
48 years$842$475$256$133$67$3
49 years$815$454$240$123$61$3
50 years$790$434$226$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $809,000, adding $2,609 every year, while hoping to spend $26,279 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: 70/6/24 Blend
58$809,000$809,000$809,000$809,000
59$894,209$851,332$838,793$951,208
60$957,458$865,087$838,932$1,003,424
61$1,026,277$878,635$838,194$1,057,253
62$1,101,208$891,938$836,524$1,115,552
63$1,182,844$904,956$833,860$1,178,762
64$1,271,840$917,645$830,141$1,247,370
65$1,368,917$929,959$825,300$1,321,911
66$1,474,867$941,847$819,268$1,402,978
67$1,590,563$953,258$811,974$1,491,223
68$1,716,966$964,133$803,340$1,587,363
69$1,855,134$974,412$793,289$1,692,192
70$2,006,230$984,031$781,737$1,806,583
71$2,171,537$992,920$768,596$1,931,500
72$2,352,466$1,001,005$753,777$2,068,004
73$2,550,572$1,008,209$737,183$2,217,266
74$2,767,567$1,014,448$718,715$2,380,576
75$3,005,336$1,019,633$698,269$2,559,358
76$3,265,954$1,023,669$675,735$2,755,179
77$3,551,709$1,026,457$651,000$2,969,770
78$3,865,119$1,027,888$623,944$3,205,037
79$4,208,957$1,027,851$594,442$3,463,080
80$4,586,280$1,026,224$562,365$3,746,219
81$5,000,451$1,022,880$527,575$4,057,006
82$5,455,178$1,017,683$489,930$4,398,257
83$5,954,546$1,010,488$449,282$4,773,077
84$6,503,051$1,001,144$405,474$5,184,888
85$7,105,649$989,487$358,345$5,637,462
86$7,767,801$975,347$307,724$6,134,957
87$8,495,519$958,542$253,436$6,681,958
88$9,295,429$938,878$195,293$7,283,517
89$10,174,832$916,151$133,104$7,945,205
90$11,141,768$890,146$66,667$8,673,162
91$12,205,099$860,634$0$9,474,157
92$13,374,586$827,372$0$10,356,734
93$14,660,984$790,104$0$11,346,322
94$16,076,144$748,558$0$12,434,956
95$17,633,122$702,449$0$13,632,688
96$19,346,304$651,473$0$14,950,596
97$21,231,541$595,308$0$16,400,887
98$23,306,297$533,617$0$17,997,011
99$25,589,816$466,041$0$19,753,790
100$28,103,301$392,202$0$21,687,557