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%16.9%
1 years$66,806$66,211$65,631$65,064$64,511$62,697
2 years$33,073$32,457$31,860$31,281$30,719$28,906
3 years$21,829$21,211$20,615$20,042$19,490$17,733
4 years$16,209$15,592$15,003$14,439$13,900$12,214
5 years$12,837$12,224$11,643$11,091$10,567$8,956
6 years$10,591$9,982$9,409$8,869$8,361$6,827
7 years$8,986$8,383$7,819$7,292$6,800$5,342
8 years$7,784$7,186$6,631$6,117$5,641$4,260
9 years$6,849$6,257$5,711$5,210$4,751$3,444
10 years$6,101$5,515$4,979$4,491$4,048$2,814
11 years$5,490$4,910$4,384$3,909$3,481$2,318
12 years$4,981$4,407$3,890$3,429$3,017$1,922
13 years$4,551$3,982$3,476$3,027$2,631$1,602
14 years$4,182$3,620$3,123$2,687$2,306$1,341
15 years$3,863$3,307$2,820$2,396$2,030$1,127
16 years$3,584$3,034$2,556$2,146$1,794$949
17 years$3,338$2,794$2,326$1,928$1,591$802
18 years$3,120$2,582$2,124$1,737$1,415$678
19 years$2,925$2,393$1,944$1,570$1,261$575
20 years$2,750$2,223$1,784$1,422$1,126$488
21 years$2,591$2,071$1,641$1,290$1,008$415
22 years$2,447$1,933$1,512$1,173$903$353
23 years$2,316$1,808$1,397$1,068$811$300
24 years$2,196$1,694$1,292$975$729$256
25 years$2,086$1,590$1,196$890$656$218
26 years$1,984$1,494$1,109$814$591$186
27 years$1,890$1,406$1,030$745$533$159
28 years$1,803$1,325$958$682$481$135
29 years$1,722$1,250$891$626$434$116
30 years$1,647$1,181$830$574$392$99
31 years$1,576$1,116$774$527$355$84
32 years$1,511$1,056$722$485$321$72
33 years$1,449$1,000$674$446$290$62
34 years$1,391$948$630$410$263$53
35 years$1,336$899$589$378$238$45
36 years$1,285$853$551$348$216$38
37 years$1,236$810$516$320$195$33
38 years$1,191$770$483$295$177$28
39 years$1,147$732$452$272$161$24
40 years$1,106$697$424$251$146$21
41 years$1,067$663$398$232$132$18
42 years$1,030$632$373$214$120$15
43 years$995$602$350$197$109$13
44 years$961$574$329$182$99$11
45 years$929$547$308$168$90$9
46 years$899$522$290$155$81$8
47 years$870$498$272$144$74$7
48 years$842$475$256$133$67$6
49 years$815$454$240$123$61$5
50 years$790$434$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $809,000, adding $4,999 every year, while hoping to spend $32,601 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: 53/40/7 Blend
58$809,000$809,000$809,000$809,000
59$896,674$853,797$841,258$942,434
60$953,448$860,946$834,753$981,151
61$1,014,920$867,353$826,937$1,019,260
62$1,081,535$872,946$817,733$1,059,933
63$1,153,782$877,651$807,057$1,103,420
64$1,232,199$881,387$794,825$1,149,994
65$1,317,378$884,070$780,946$1,199,959
66$1,409,969$885,607$765,326$1,253,650
67$1,510,688$885,905$747,867$1,311,438
68$1,620,322$884,859$728,465$1,373,732
69$1,739,740$882,361$707,013$1,440,985
70$1,869,893$878,297$683,398$1,513,699
71$2,011,832$872,543$657,502$1,592,425
72$2,166,712$864,971$629,201$1,677,776
73$2,335,805$855,442$598,367$1,770,428
74$2,520,509$843,812$564,865$1,871,127
75$2,722,367$829,924$528,554$1,980,698
76$2,943,074$813,616$489,286$2,100,053
77$3,184,499$794,715$446,909$2,230,199
78$3,448,698$773,036$401,260$2,372,249
79$3,737,936$748,385$352,173$2,527,432
80$4,054,706$720,557$299,472$2,697,105
81$4,401,756$689,333$242,973$2,882,768
82$4,782,108$654,484$182,486$3,086,077
83$5,199,095$615,765$117,811$3,308,862
84$5,656,384$572,920$48,740$3,553,141
85$6,158,017$525,675$0$3,821,144
86$6,708,444$473,742$0$4,117,200
87$7,312,567$416,817$0$4,446,168
88$7,975,787$354,579$0$4,807,422
89$8,704,051$286,687$0$5,204,294
90$9,503,912$212,783$0$5,640,460
91$10,382,588$132,486$0$6,119,978
92$11,348,032$45,398$0$6,647,323
93$12,409,003$0$0$7,227,435
94$13,575,153$0$0$7,887,289
95$14,857,113$0$0$8,634,726
96$16,266,598$0$0$9,456,604
97$17,816,514$0$0$10,360,460
98$19,521,078$0$0$11,354,596
99$21,395,958$0$0$12,448,162
100$23,458,412$0$0$13,651,235