Can I retire at age 59 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$66,394$65,802$65,225$64,662$64,112$62,921
2 years$32,868$32,256$31,663$31,088$30,530$29,334
3 years$21,694$21,080$20,488$19,918$19,369$18,206
4 years$16,109$15,496$14,910$14,350$13,814$12,693
5 years$12,758$12,149$11,571$11,022$10,501$9,425
6 years$10,525$9,920$9,351$8,814$8,309$7,279
7 years$8,931$8,331$7,771$7,247$6,758$5,774
8 years$7,736$7,141$6,590$6,079$5,606$4,669
9 years$6,806$6,218$5,676$5,178$4,721$3,829
10 years$6,063$5,481$4,949$4,464$4,023$3,176
11 years$5,456$4,879$4,357$3,885$3,460$2,656
12 years$4,950$4,379$3,866$3,407$2,998$2,237
13 years$4,523$3,958$3,454$3,008$2,614$1,895
14 years$4,156$3,597$3,104$2,670$2,292$1,613
15 years$3,839$3,286$2,802$2,381$2,018$1,378
16 years$3,562$3,015$2,541$2,132$1,783$1,181
17 years$3,318$2,777$2,312$1,916$1,581$1,015
18 years$3,101$2,566$2,110$1,727$1,406$874
19 years$2,907$2,378$1,932$1,560$1,253$754
20 years$2,733$2,210$1,773$1,413$1,119$652
21 years$2,575$2,058$1,631$1,282$1,002$564
22 years$2,432$1,921$1,503$1,166$898$489
23 years$2,302$1,797$1,388$1,062$806$424
24 years$2,182$1,684$1,284$969$724$368
25 years$2,073$1,580$1,189$884$652$320
26 years$1,972$1,485$1,103$809$587$278
27 years$1,878$1,398$1,024$740$529$242
28 years$1,792$1,317$952$678$478$211
29 years$1,712$1,242$886$622$431$183
30 years$1,637$1,173$825$571$390$160
31 years$1,567$1,109$769$524$352$139
32 years$1,501$1,049$718$482$319$121
33 years$1,440$994$670$443$288$106
34 years$1,382$942$626$408$261$92
35 years$1,328$893$585$375$237$80
36 years$1,277$848$548$346$214$70
37 years$1,229$805$513$318$194$61
38 years$1,183$765$480$293$176$53
39 years$1,140$728$450$271$160$47
40 years$1,099$692$421$250$145$41
41 years$1,060$659$395$230$131$36
42 years$1,024$628$371$213$119$31
43 years$989$598$348$196$108$27
44 years$955$570$327$181$98$24
45 years$924$544$307$167$89$21
46 years$893$519$288$155$81$18
47 years$864$495$271$143$74$16
48 years$837$473$254$132$67$14
49 years$810$451$239$122$61$12
50 years$785$431$225$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $804,000, adding $5,447 every year, while hoping to spend $39,972 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: 36/34/30 Blend
58$804,000$804,000$804,000$804,000
59$891,627$849,015$836,553$915,552
60$940,043$848,086$822,047$932,986
61$992,057$845,773$805,716$947,817
62$1,047,996$841,964$787,456$963,077
63$1,108,214$836,544$767,159$978,831
64$1,173,105$829,387$744,712$995,155
65$1,243,098$820,363$719,996$1,012,137
66$1,318,666$809,333$692,887$1,029,877
67$1,400,327$796,148$663,257$1,048,487
68$1,488,654$780,653$630,970$1,068,096
69$1,584,274$762,682$595,884$1,088,851
70$1,687,875$742,058$557,851$1,110,917
71$1,800,217$718,598$516,718$1,134,480
72$1,922,134$692,104$472,322$1,159,752
73$2,054,542$662,367$424,496$1,186,970
74$2,198,451$629,169$373,062$1,216,401
75$2,354,970$592,276$317,837$1,248,346
76$2,525,321$551,441$258,629$1,283,141
77$2,710,848$506,406$195,237$1,321,166
78$2,913,029$456,894$127,451$1,362,843
79$3,133,490$402,614$55,054$1,408,647
80$3,374,024$343,260$0$1,459,108
81$3,636,601$278,507$0$1,521,927
82$3,923,392$208,011$0$1,609,926
83$4,236,784$131,410$0$1,706,281
84$4,579,409$48,321$0$1,811,898
85$4,954,161$0$0$1,927,782
86$5,364,229$0$0$2,070,631
87$5,813,123$0$0$2,246,906
88$6,304,710$0$0$2,440,061
89$6,843,245$0$0$2,651,782
90$7,433,418$0$0$2,883,929
91$8,080,392$0$0$3,138,547
92$8,789,854$0$0$3,417,891
93$9,568,066$0$0$3,724,443
94$10,421,927$0$0$4,060,938
95$11,359,037$0$0$4,430,388
96$12,387,766$0$0$4,836,112
97$13,517,333$0$0$5,281,766
98$14,757,896$0$0$5,771,376
99$16,120,642$0$0$6,309,378
100$17,617,898$0$0$6,900,660