Can I retire at age 59 with 809,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$66,806$66,211$65,631$65,064$64,511$62,849
2 years$33,073$32,457$31,860$31,281$30,719$29,057
3 years$21,829$21,211$20,615$20,042$19,490$17,877
4 years$16,209$15,592$15,003$14,439$13,900$12,351
5 years$12,837$12,224$11,643$11,091$10,567$9,085
6 years$10,591$9,982$9,409$8,869$8,361$6,948
7 years$8,986$8,383$7,819$7,292$6,800$5,456
8 years$7,784$7,186$6,631$6,117$5,641$4,365
9 years$6,849$6,257$5,711$5,210$4,751$3,542
10 years$6,101$5,515$4,979$4,491$4,048$2,905
11 years$5,490$4,910$4,384$3,909$3,481$2,402
12 years$4,981$4,407$3,890$3,429$3,017$2,000
13 years$4,551$3,982$3,476$3,027$2,631$1,674
14 years$4,182$3,620$3,123$2,687$2,306$1,407
15 years$3,863$3,307$2,820$2,396$2,030$1,187
16 years$3,584$3,034$2,556$2,146$1,794$1,004
17 years$3,338$2,794$2,326$1,928$1,591$852
18 years$3,120$2,582$2,124$1,737$1,415$724
19 years$2,925$2,393$1,944$1,570$1,261$616
20 years$2,750$2,223$1,784$1,422$1,126$526
21 years$2,591$2,071$1,641$1,290$1,008$449
22 years$2,447$1,933$1,512$1,173$903$383
23 years$2,316$1,808$1,397$1,068$811$328
24 years$2,196$1,694$1,292$975$729$281
25 years$2,086$1,590$1,196$890$656$240
26 years$1,984$1,494$1,109$814$591$206
27 years$1,890$1,406$1,030$745$533$177
28 years$1,803$1,325$958$682$481$152
29 years$1,722$1,250$891$626$434$130
30 years$1,647$1,181$830$574$392$112
31 years$1,576$1,116$774$527$355$96
32 years$1,511$1,056$722$485$321$82
33 years$1,449$1,000$674$446$290$71
34 years$1,391$948$630$410$263$61
35 years$1,336$899$589$378$238$52
36 years$1,285$853$551$348$216$45
37 years$1,236$810$516$320$195$39
38 years$1,191$770$483$295$177$33
39 years$1,147$732$452$272$161$28
40 years$1,106$697$424$251$146$24
41 years$1,067$663$398$232$132$21
42 years$1,030$632$373$214$120$18
43 years$995$602$350$197$109$16
44 years$961$574$329$182$99$13
45 years$929$547$308$168$90$11
46 years$899$522$290$155$81$10
47 years$870$498$272$144$74$8
48 years$842$475$256$133$67$7
49 years$815$454$240$123$61$6
50 years$790$434$226$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $809,000, adding $4,778 every year, while hoping to spend $46,306 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: 36/45/19 Blend
58$809,000$809,000$809,000$809,000
59$896,447$853,570$841,030$923,394
60$938,615$846,125$819,935$935,996
61$983,532$836,764$796,582$944,912
62$1,031,431$825,343$770,845$953,574
63$1,082,563$811,712$742,595$961,985
64$1,137,208$795,709$711,696$970,153
65$1,195,669$777,165$678,004$978,090
66$1,258,282$755,900$641,371$985,817
67$1,325,411$731,724$601,641$993,356
68$1,397,459$704,435$558,653$1,000,741
69$1,474,868$673,820$512,235$1,008,013
70$1,558,120$639,652$462,211$1,015,223
71$1,647,747$601,695$408,394$1,022,433
72$1,744,334$559,694$350,592$1,029,716
73$1,848,521$513,384$288,601$1,037,162
74$1,961,012$462,482$222,211$1,044,876
75$2,082,581$406,689$151,201$1,052,980
76$2,214,079$345,692$75,341$1,061,619
77$2,356,441$279,157$0$1,070,959
78$2,510,694$206,732$0$1,082,331
79$2,677,969$128,046$0$1,111,193
80$2,859,508$42,706$0$1,142,561
81$3,056,679$0$0$1,176,783
82$3,270,984$0$0$1,238,859
83$3,504,077$0$0$1,329,480
84$3,757,779$0$0$1,428,218
85$4,034,092$0$0$1,535,865
86$4,335,218$0$0$1,653,295
87$4,663,583$0$0$1,781,467
88$5,021,856$0$0$1,921,438
89$5,412,975$0$0$2,074,372
90$5,840,172$0$0$2,241,548
91$6,307,009$0$0$2,424,377
92$6,817,403$0$0$2,624,412
93$7,375,671$0$0$2,843,362
94$7,986,564$0$0$3,083,110
95$8,655,312$0$0$3,345,728
96$9,387,678$0$0$3,633,500
97$10,190,004$0$0$3,948,940
98$11,069,279$0$0$4,294,816
99$12,033,197$0$0$4,674,179
100$13,090,232$0$0$5,090,387