Can I retire at age 59 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$65,981$65,393$64,820$64,260$63,713$61,380
2 years$32,664$32,055$31,466$30,894$30,340$28,014
3 years$21,559$20,949$20,360$19,794$19,249$17,005
4 years$16,008$15,399$14,817$14,261$13,728$11,583
5 years$12,679$12,073$11,499$10,954$10,436$8,396
6 years$10,460$9,859$9,293$8,760$8,258$6,323
7 years$8,875$8,279$7,722$7,202$6,716$4,886
8 years$7,687$7,097$6,549$6,041$5,571$3,846
9 years$6,764$6,179$5,641$5,146$4,692$3,068
10 years$6,026$5,447$4,918$4,436$3,998$2,472
11 years$5,422$4,849$4,329$3,860$3,438$2,008
12 years$4,919$4,352$3,842$3,386$2,979$1,641
13 years$4,494$3,933$3,433$2,989$2,598$1,347
14 years$4,131$3,575$3,084$2,654$2,278$1,111
15 years$3,815$3,266$2,785$2,367$2,005$919
16 years$3,540$2,996$2,525$2,119$1,772$762
17 years$3,297$2,759$2,298$1,904$1,571$633
18 years$3,081$2,550$2,097$1,716$1,397$527
19 years$2,889$2,363$1,920$1,550$1,245$439
20 years$2,716$2,196$1,762$1,404$1,112$367
21 years$2,559$2,045$1,621$1,274$995$306
22 years$2,417$1,909$1,494$1,159$892$256
23 years$2,287$1,786$1,379$1,055$801$214
24 years$2,169$1,673$1,276$962$720$179
25 years$2,060$1,570$1,181$879$648$150
26 years$1,960$1,476$1,096$804$584$126
27 years$1,867$1,389$1,017$736$526$106
28 years$1,781$1,309$946$674$475$88
29 years$1,701$1,235$880$618$429$74
30 years$1,626$1,166$820$567$387$62
31 years$1,557$1,102$764$521$350$52
32 years$1,492$1,043$713$479$317$44
33 years$1,431$988$666$440$287$37
34 years$1,374$936$622$405$260$31
35 years$1,320$888$582$373$235$26
36 years$1,269$843$544$343$213$22
37 years$1,221$800$509$316$193$18
38 years$1,176$761$477$292$175$15
39 years$1,133$723$447$269$159$13
40 years$1,092$688$419$248$144$11
41 years$1,054$655$393$229$131$9
42 years$1,017$624$368$211$119$8
43 years$982$594$346$195$108$6
44 years$949$567$324$180$98$5
45 years$918$540$305$166$89$4
46 years$888$515$286$154$80$4
47 years$859$492$269$142$73$3
48 years$831$470$253$131$66$3
49 years$805$448$237$121$60$2
50 years$780$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $799,000, adding $6,845 every year, while hoping to spend $45,269 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: 62/22/16 Blend
58$799,000$799,000$799,000$799,000
59$887,559$845,212$832,827$938,629
60$929,924$838,461$812,561$967,050
61$975,093$829,863$790,099$992,333
62$1,023,304$819,278$765,319$1,018,857
63$1,074,819$806,560$738,095$1,046,745
64$1,129,923$791,554$708,293$1,076,135
65$1,188,930$774,095$675,776$1,107,181
66$1,252,184$754,008$640,397$1,140,053
67$1,320,062$731,110$602,006$1,174,943
68$1,392,979$705,205$560,444$1,212,061
69$1,471,388$676,086$515,545$1,251,643
70$1,555,790$643,535$467,136$1,293,952
71$1,646,732$607,319$415,036$1,339,279
72$1,744,816$567,195$359,057$1,387,946
73$1,850,703$522,904$299,001$1,440,315
74$1,965,120$474,171$234,663$1,496,784
75$2,088,865$420,709$165,827$1,557,797
76$2,222,817$362,210$92,270$1,623,846
77$2,367,939$298,354$13,756$1,695,477
78$2,525,294$228,798$0$1,773,297
79$2,696,047$153,182$0$1,869,933
80$2,881,481$71,126$0$1,977,457
81$3,083,009$0$0$2,094,391
82$3,302,183$0$0$2,225,998
83$3,540,710$0$0$2,388,019
84$3,800,471$0$0$2,564,517
85$4,083,534$0$0$2,756,906
86$4,392,175$0$0$2,966,738
87$4,728,899$0$0$3,195,725
88$5,096,464$0$0$3,445,749
89$5,497,904$0$0$3,718,884
90$5,936,562$0$0$4,017,411
91$6,416,116$0$0$4,343,843
92$6,940,617$0$0$4,700,946
93$7,514,523$0$0$5,091,765
94$8,142,745$0$0$5,519,654
95$8,830,691$0$0$5,988,307
96$9,584,315$0$0$6,501,790
97$10,410,175$0$0$7,064,583
98$11,315,493$0$0$7,681,618
99$12,308,222$0$0$8,358,329
100$13,397,125$0$0$9,100,699