Can I retire at age 59 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$66,972$66,375$65,793$65,225$64,670$63,521
2 years$33,154$32,537$31,938$31,358$30,795$29,641
3 years$21,883$21,263$20,666$20,091$19,538$18,415
4 years$16,249$15,631$15,040$14,475$13,935$12,851
5 years$12,869$12,255$11,671$11,118$10,593$9,553
6 years$10,617$10,007$9,432$8,891$8,382$7,386
7 years$9,008$8,404$7,838$7,310$6,817$5,865
8 years$7,803$7,204$6,647$6,132$5,655$4,748
9 years$6,866$6,272$5,725$5,223$4,762$3,899
10 years$6,116$5,528$4,992$4,502$4,058$3,237
11 years$5,504$4,922$4,395$3,918$3,490$2,711
12 years$4,993$4,417$3,900$3,437$3,024$2,287
13 years$4,562$3,992$3,484$3,034$2,637$1,940
14 years$4,193$3,629$3,131$2,694$2,312$1,653
15 years$3,873$3,315$2,827$2,402$2,035$1,414
16 years$3,593$3,041$2,563$2,151$1,799$1,213
17 years$3,347$2,801$2,332$1,933$1,595$1,044
18 years$3,128$2,588$2,129$1,742$1,418$900
19 years$2,932$2,399$1,949$1,574$1,264$778
20 years$2,756$2,229$1,789$1,425$1,129$674
21 years$2,597$2,076$1,645$1,294$1,010$584
22 years$2,453$1,938$1,516$1,176$906$507
23 years$2,322$1,813$1,400$1,071$813$440
24 years$2,201$1,698$1,295$977$731$383
25 years$2,091$1,594$1,199$892$658$333
26 years$1,989$1,498$1,112$816$592$290
27 years$1,895$1,410$1,033$747$534$253
28 years$1,808$1,328$960$684$482$220
29 years$1,726$1,253$893$627$435$192
30 years$1,651$1,183$832$576$393$168
31 years$1,580$1,119$776$529$355$146
32 years$1,514$1,059$724$486$322$128
33 years$1,452$1,003$676$447$291$112
34 years$1,394$950$632$411$263$98
35 years$1,340$901$590$379$239$85
36 years$1,288$855$552$349$216$74
37 years$1,239$812$517$321$196$65
38 years$1,193$772$484$296$178$57
39 years$1,150$734$454$273$161$50
40 years$1,109$698$425$252$146$43
41 years$1,070$665$399$232$133$38
42 years$1,033$633$374$214$120$33
43 years$997$603$351$198$109$29
44 years$964$575$329$183$99$25
45 years$932$548$309$169$90$22
46 years$901$523$290$156$82$19
47 years$872$499$273$144$74$17
48 years$844$477$256$133$67$15
49 years$817$455$241$123$61$13
50 years$792$435$227$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $811,000, adding $3,701 every year, while hoping to spend $20,097 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: 46/43/11 Blend
58$811,000$811,000$811,000$811,000
59$897,540$854,557$841,986$935,893
60$967,706$875,047$848,810$983,286
61$1,044,355$895,867$855,188$1,032,306
62$1,128,128$917,014$861,085$1,085,031
63$1,219,729$938,479$866,464$1,141,811
64$1,319,934$960,257$871,283$1,203,031
65$1,429,597$982,340$875,501$1,269,117
66$1,549,660$1,004,718$879,074$1,340,535
67$1,681,157$1,027,382$881,955$1,417,803
68$1,825,231$1,050,319$884,096$1,501,486
69$1,983,136$1,073,517$885,446$1,592,211
70$2,156,258$1,096,961$885,950$1,690,665
71$2,346,119$1,120,635$885,552$1,797,609
72$2,554,399$1,144,522$884,194$1,913,879
73$2,782,947$1,168,602$881,813$2,040,395
74$3,033,798$1,192,854$878,344$2,178,174
75$3,309,196$1,217,255$873,720$2,328,334
76$3,611,612$1,241,778$867,867$2,492,108
77$3,943,768$1,266,397$860,713$2,670,855
78$4,308,663$1,291,081$852,177$2,866,074
79$4,709,600$1,315,798$842,179$3,079,413
80$5,150,219$1,340,511$830,631$3,312,693
81$5,634,528$1,365,183$817,444$3,567,919
82$6,166,944$1,389,772$802,523$3,847,299
83$6,752,335$1,414,233$785,770$4,153,270
84$7,396,061$1,438,518$767,081$4,488,515
85$8,104,029$1,462,575$746,348$4,855,995
86$8,882,747$1,486,349$723,458$5,258,969
87$9,739,386$1,509,778$698,292$5,701,031
88$10,681,846$1,532,800$670,727$6,186,145
89$11,718,831$1,555,345$640,634$6,718,677
90$12,859,934$1,577,338$607,877$7,303,440
91$14,115,721$1,598,701$572,315$7,945,740
92$15,497,836$1,619,350$533,799$8,651,423
93$17,019,111$1,639,193$492,176$9,426,936
94$18,693,680$1,658,134$447,285$10,279,384
95$20,537,123$1,676,069$398,956$11,216,596
96$22,566,602$1,692,889$347,013$12,247,205
97$24,801,031$1,708,476$291,274$13,380,723
98$27,261,249$1,722,705$231,545$14,627,637
99$29,970,221$1,735,442$167,626$15,999,505
100$32,953,251$1,746,546$99,309$17,509,066