Can I retire at age 59 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$66,146$65,557$64,982$64,421$63,873$61,484
2 years$32,745$32,136$31,545$30,972$30,416$28,037
3 years$21,613$21,001$20,411$19,844$19,297$17,002
4 years$16,049$15,438$14,854$14,296$13,763$11,570
5 years$12,710$12,104$11,528$10,981$10,462$8,377
6 years$10,486$9,883$9,316$8,782$8,278$6,302
7 years$8,897$8,300$7,742$7,220$6,733$4,865
8 years$7,707$7,115$6,565$6,056$5,585$3,824
9 years$6,781$6,195$5,655$5,159$4,704$3,046
10 years$6,041$5,460$4,930$4,447$4,008$2,452
11 years$5,436$4,861$4,340$3,870$3,447$1,989
12 years$4,932$4,363$3,852$3,395$2,987$1,623
13 years$4,506$3,943$3,441$2,997$2,605$1,331
14 years$4,141$3,584$3,092$2,660$2,283$1,096
15 years$3,825$3,274$2,792$2,373$2,010$905
16 years$3,549$3,004$2,531$2,124$1,777$749
17 years$3,305$2,766$2,303$1,909$1,575$622
18 years$3,089$2,556$2,103$1,720$1,401$517
19 years$2,896$2,369$1,925$1,554$1,249$430
20 years$2,722$2,202$1,767$1,408$1,115$358
21 years$2,565$2,051$1,625$1,278$998$299
22 years$2,423$1,914$1,498$1,162$895$250
23 years$2,293$1,790$1,383$1,058$803$209
24 years$2,174$1,677$1,279$965$722$174
25 years$2,065$1,574$1,184$881$649$146
26 years$1,964$1,479$1,098$806$585$122
27 years$1,871$1,392$1,020$737$527$102
28 years$1,785$1,312$948$676$476$85
29 years$1,705$1,238$882$620$430$72
30 years$1,630$1,169$822$569$388$60
31 years$1,561$1,105$766$522$351$50
32 years$1,496$1,046$715$480$318$42
33 years$1,434$990$668$441$287$35
34 years$1,377$938$624$406$260$29
35 years$1,323$890$583$374$236$25
36 years$1,272$845$546$344$214$21
37 years$1,224$802$511$317$194$17
38 years$1,179$763$478$292$175$15
39 years$1,136$725$448$270$159$12
40 years$1,095$690$420$249$144$10
41 years$1,056$657$394$229$131$9
42 years$1,020$625$369$212$119$7
43 years$985$596$347$195$108$6
44 years$952$568$325$180$98$5
45 years$920$542$305$167$89$4
46 years$890$517$287$154$81$4
47 years$861$493$270$142$73$3
48 years$834$471$253$131$67$2
49 years$807$450$238$121$60$2
50 years$782$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $801,000, adding $4,183 every year, while hoping to spend $49,691 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: 50/33/17 Blend
58$801,000$801,000$801,000$801,000
59$887,017$844,564$832,148$926,999
60$924,622$833,077$807,154$943,518
61$964,397$819,361$779,658$955,977
62$1,006,511$803,256$749,522$968,437
63$1,051,149$784,589$716,605$980,916
64$1,098,512$763,180$680,757$993,437
65$1,148,821$738,836$641,823$1,006,027
66$1,202,317$711,355$599,640$1,018,720
67$1,259,263$680,521$554,038$1,031,558
68$1,319,948$646,107$504,839$1,044,589
69$1,384,689$607,873$451,857$1,057,873
70$1,453,832$565,563$394,898$1,071,477
71$1,527,756$518,909$333,761$1,085,483
72$1,606,878$467,626$268,233$1,099,984
73$1,691,654$411,414$198,093$1,115,090
74$1,782,585$349,956$123,111$1,130,925
75$1,880,219$282,915$43,047$1,147,635
76$1,985,161$209,937$0$1,165,384
77$2,098,071$130,647$0$1,192,052
78$2,219,676$44,651$0$1,228,997
79$2,350,775$0$0$1,268,698
80$2,492,243$0$0$1,329,084
81$2,645,044$0$0$1,411,888
82$2,810,237$0$0$1,501,474
83$2,988,985$0$0$1,598,485
84$3,182,565$0$0$1,703,622
85$3,392,386$0$0$1,817,659
86$3,619,992$0$0$1,941,446
87$3,867,083$0$0$2,075,918
88$4,135,530$0$0$2,222,105
89$4,427,390$0$0$2,381,138
90$4,744,925$0$0$2,554,262
91$5,090,627$0$0$2,742,847
92$5,467,234$0$0$2,948,402
93$5,877,762$0$0$3,172,586
94$6,325,529$0$0$3,417,224
95$6,814,188$0$0$3,684,329
96$7,347,759$0$0$3,976,112
97$7,930,668$0$0$4,295,011
98$8,567,787$0$0$4,643,708
99$9,264,479$0$0$5,025,156
100$10,026,652$0$0$5,442,606