Can I retire at age 59 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$66,641$66,048$65,469$64,903$64,351$63,653
2 years$32,991$32,376$31,781$31,203$30,643$29,940
3 years$21,775$21,158$20,564$19,992$19,441$18,755
4 years$16,169$15,554$14,966$14,403$13,866$13,202
5 years$12,806$12,194$11,614$11,063$10,541$9,901
6 years$10,564$9,957$9,386$8,847$8,340$7,726
7 years$8,964$8,362$7,800$7,274$6,783$6,194
8 years$7,764$7,168$6,615$6,102$5,627$5,063
9 years$6,832$6,241$5,697$5,197$4,739$4,200
10 years$6,086$5,501$4,967$4,480$4,038$3,523
11 years$5,476$4,897$4,373$3,899$3,473$2,982
12 years$4,969$4,396$3,881$3,420$3,009$2,543
13 years$4,539$3,972$3,467$3,019$2,624$2,181
14 years$4,172$3,611$3,115$2,680$2,300$1,880
15 years$3,854$3,298$2,813$2,390$2,025$1,627
16 years$3,575$3,026$2,550$2,140$1,790$1,413
17 years$3,330$2,787$2,321$1,923$1,587$1,230
18 years$3,112$2,575$2,118$1,733$1,411$1,074
19 years$2,918$2,387$1,939$1,566$1,258$940
20 years$2,743$2,218$1,780$1,418$1,124$824
21 years$2,585$2,066$1,637$1,287$1,005$723
22 years$2,441$1,929$1,509$1,170$901$636
23 years$2,310$1,804$1,393$1,066$809$560
24 years$2,191$1,690$1,288$972$727$493
25 years$2,081$1,586$1,193$888$654$435
26 years$1,979$1,491$1,107$812$589$384
27 years$1,885$1,403$1,028$743$531$339
28 years$1,799$1,322$955$681$479$300
29 years$1,718$1,247$889$624$433$265
30 years$1,643$1,178$828$573$391$235
31 years$1,572$1,113$772$526$354$208
32 years$1,507$1,053$720$484$320$184
33 years$1,445$998$673$445$290$163
34 years$1,387$945$628$409$262$144
35 years$1,333$897$588$377$237$128
36 years$1,282$851$550$347$215$113
37 years$1,233$808$514$320$195$101
38 years$1,188$768$482$295$177$89
39 years$1,144$731$451$272$160$79
40 years$1,103$695$423$251$145$70
41 years$1,064$662$397$231$132$62
42 years$1,027$630$372$213$120$55
43 years$992$600$349$197$109$49
44 years$959$572$328$182$99$44
45 years$927$546$308$168$90$39
46 years$897$521$289$155$81$34
47 years$868$497$272$143$74$30
48 years$840$474$255$132$67$27
49 years$813$453$240$122$61$24
50 years$788$433$225$113$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $807,000, adding $6,936 every year, while hoping to spend $48,077 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: 43/45/12 Blend
58$807,000$807,000$807,000$807,000
59$896,468$853,697$841,189$931,612
60$936,755$844,375$818,215$947,530
61$979,539$832,985$792,861$959,395
62$1,025,025$819,374$764,994$971,184
63$1,073,436$803,382$734,480$982,911
64$1,125,016$784,838$701,175$994,592
65$1,180,034$763,561$664,931$1,006,252
66$1,238,782$739,359$625,590$1,017,918
67$1,301,581$712,031$582,991$1,029,629
68$1,368,784$681,362$536,963$1,041,428
69$1,440,776$647,125$487,327$1,053,369
70$1,517,981$609,081$433,899$1,065,517
71$1,600,864$566,975$376,483$1,077,949
72$1,689,935$520,539$314,878$1,090,754
73$1,785,753$469,490$248,871$1,104,038
74$1,888,933$413,528$178,241$1,117,923
75$2,000,149$352,336$102,758$1,132,551
76$2,120,145$285,581$22,180$1,148,086
77$2,249,732$212,907$0$1,164,716
78$2,389,808$133,943$0$1,190,827
79$2,541,356$48,293$0$1,222,056
80$2,705,457$0$0$1,255,877
81$2,883,300$0$0$1,314,659
82$3,076,192$0$0$1,404,437
83$3,285,571$0$0$1,501,976
84$3,513,019$0$0$1,608,024
85$3,760,274$0$0$1,723,404
86$4,029,251$0$0$1,849,020
87$4,322,054$0$0$1,985,869
88$4,641,001$0$0$2,135,047
89$4,988,640$0$0$2,297,759
90$5,367,778$0$0$2,475,333
91$5,781,501$0$0$2,669,230
92$6,233,211$0$0$2,881,060
93$6,726,647$0$0$3,112,593
94$7,265,930$0$0$3,365,778
95$7,855,595$0$0$3,642,763
96$8,500,634$0$0$3,945,911
97$9,206,546$0$0$4,277,825
98$9,979,385$0$0$4,641,372
99$10,825,817$0$0$5,039,707
100$11,753,184$0$0$5,476,307