Can I retire at age 59 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,889$66,293$65,712$65,145$64,591$64,130
2 years$33,113$32,497$31,899$31,319$30,757$30,293
3 years$21,856$21,237$20,641$20,067$19,514$19,060
4 years$16,229$15,611$15,021$14,457$13,917$13,477
5 years$12,853$12,240$11,657$11,104$10,580$10,155
6 years$10,604$9,994$9,421$8,880$8,371$7,963
7 years$8,997$8,393$7,829$7,301$6,808$6,415
8 years$7,793$7,195$6,639$6,125$5,648$5,271
9 years$6,857$6,264$5,718$5,217$4,756$4,396
10 years$6,109$5,522$4,985$4,497$4,053$3,708
11 years$5,497$4,916$4,389$3,914$3,486$3,156
12 years$4,987$4,412$3,895$3,433$3,020$2,706
13 years$4,556$3,987$3,480$3,031$2,634$2,335
14 years$4,187$3,624$3,127$2,690$2,309$2,024
15 years$3,868$3,311$2,823$2,399$2,033$1,762
16 years$3,589$3,038$2,560$2,148$1,797$1,540
17 years$3,342$2,797$2,329$1,930$1,593$1,349
18 years$3,124$2,585$2,126$1,739$1,416$1,186
19 years$2,929$2,396$1,946$1,572$1,263$1,044
20 years$2,753$2,226$1,786$1,424$1,128$921
21 years$2,594$2,074$1,643$1,292$1,009$814
22 years$2,450$1,936$1,514$1,175$905$721
23 years$2,319$1,810$1,398$1,070$812$639
24 years$2,199$1,696$1,293$976$730$567
25 years$2,088$1,592$1,198$891$657$504
26 years$1,987$1,496$1,111$815$592$448
27 years$1,892$1,408$1,031$746$533$398
28 years$1,805$1,327$959$683$481$355
29 years$1,724$1,252$892$627$435$316
30 years$1,649$1,182$831$575$393$282
31 years$1,578$1,117$775$528$355$251
32 years$1,512$1,057$723$485$321$224
33 years$1,451$1,001$675$446$291$200
34 years$1,393$949$631$411$263$179
35 years$1,338$900$590$378$238$159
36 years$1,286$854$552$348$216$142
37 years$1,238$811$516$321$196$127
38 years$1,192$771$484$296$177$114
39 years$1,149$733$453$273$161$102
40 years$1,107$698$425$251$146$91
41 years$1,068$664$398$232$132$81
42 years$1,031$632$373$214$120$73
43 years$996$603$350$198$109$65
44 years$962$574$329$183$99$58
45 years$930$548$309$169$90$52
46 years$900$523$290$156$82$47
47 years$871$499$273$144$74$42
48 years$843$476$256$133$67$37
49 years$816$455$241$123$61$33
50 years$791$434$226$114$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $810,000, adding $2,367 every year, while hoping to spend $32,983 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: 55/25/20 Blend
58$810,000$810,000$810,000$810,000
59$895,062$852,132$839,577$939,326
60$951,264$858,792$832,609$976,514
61$1,012,094$864,674$824,302$1,013,291
62$1,077,988$869,704$814,577$1,052,624
63$1,149,427$873,804$803,349$1,094,766
64$1,226,940$876,891$790,533$1,139,998
65$1,311,108$878,879$776,035$1,188,631
66$1,402,570$879,673$759,762$1,241,007
67$1,502,029$879,174$741,611$1,297,507
68$1,610,260$877,277$721,479$1,358,550
69$1,728,114$873,871$699,255$1,424,600
70$1,856,527$868,836$674,826$1,496,171
71$1,996,531$862,047$648,071$1,573,830
72$2,149,260$853,371$618,865$1,658,204
73$2,315,965$842,666$587,076$1,749,986
74$2,498,018$829,782$552,568$1,849,941
75$2,696,935$814,560$515,198$1,958,916
76$2,914,380$796,831$474,816$2,077,845
77$3,152,190$776,419$431,265$2,207,763
78$3,412,383$753,133$384,382$2,349,809
79$3,697,184$726,774$333,996$2,505,244
80$4,009,041$697,131$279,930$2,675,462
81$4,350,653$663,980$221,997$2,861,998
82$4,724,989$627,085$160,004$3,066,552
83$5,135,320$586,194$93,746$3,290,999
84$5,585,249$541,044$23,013$3,537,409
85$6,078,744$491,354$0$3,808,068
86$6,620,174$436,829$0$4,116,698
87$7,214,355$377,157$0$4,460,856
88$7,866,588$312,007$0$4,838,753
89$8,582,715$241,030$0$5,253,837
90$9,369,169$163,857$0$5,709,911
91$10,233,039$80,101$0$6,211,168
92$11,182,132$0$0$6,762,233
93$12,225,050$0$0$7,371,135
94$13,371,270$0$0$8,064,647
95$14,631,231$0$0$8,827,059
96$16,016,435$0$0$9,665,342
97$17,539,553$0$0$10,587,174
98$19,214,547$0$0$11,601,016
99$21,056,798$0$0$12,716,190
100$23,083,253$0$0$13,942,964