Can I retire at age 59 with 811,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.1%
1 years$66,972$66,375$65,793$65,225$64,670$63,313
2 years$33,154$32,537$31,938$31,358$30,795$29,434
3 years$21,883$21,263$20,666$20,091$19,538$18,215
4 years$16,249$15,631$15,040$14,475$13,935$12,661
5 years$12,869$12,255$11,671$11,118$10,593$9,372
6 years$10,617$10,007$9,432$8,891$8,382$7,214
7 years$9,008$8,404$7,838$7,310$6,817$5,703
8 years$7,803$7,204$6,647$6,132$5,655$4,595
9 years$6,866$6,272$5,725$5,223$4,762$3,756
10 years$6,116$5,528$4,992$4,502$4,058$3,103
11 years$5,504$4,922$4,395$3,918$3,490$2,586
12 years$4,993$4,417$3,900$3,437$3,024$2,170
13 years$4,562$3,992$3,484$3,034$2,637$1,831
14 years$4,193$3,629$3,131$2,694$2,312$1,551
15 years$3,873$3,315$2,827$2,402$2,035$1,320
16 years$3,593$3,041$2,563$2,151$1,799$1,126
17 years$3,347$2,801$2,332$1,933$1,595$964
18 years$3,128$2,588$2,129$1,742$1,418$826
19 years$2,932$2,399$1,949$1,574$1,264$710
20 years$2,756$2,229$1,789$1,425$1,129$611
21 years$2,597$2,076$1,645$1,294$1,010$526
22 years$2,453$1,938$1,516$1,176$906$454
23 years$2,322$1,813$1,400$1,071$813$392
24 years$2,201$1,698$1,295$977$731$339
25 years$2,091$1,594$1,199$892$658$293
26 years$1,989$1,498$1,112$816$592$253
27 years$1,895$1,410$1,033$747$534$219
28 years$1,808$1,328$960$684$482$190
29 years$1,726$1,253$893$627$435$165
30 years$1,651$1,183$832$576$393$143
31 years$1,580$1,119$776$529$355$124
32 years$1,514$1,059$724$486$322$107
33 years$1,452$1,003$676$447$291$93
34 years$1,394$950$632$411$263$81
35 years$1,340$901$590$379$239$70
36 years$1,288$855$552$349$216$61
37 years$1,239$812$517$321$196$53
38 years$1,193$772$484$296$178$46
39 years$1,150$734$454$273$161$40
40 years$1,109$698$425$252$146$35
41 years$1,070$665$399$232$133$30
42 years$1,033$633$374$214$120$26
43 years$997$603$351$198$109$23
44 years$964$575$329$183$99$20
45 years$932$548$309$169$90$17
46 years$901$523$290$156$82$15
47 years$872$499$273$144$74$13
48 years$844$477$256$133$67$11
49 years$817$455$241$123$61$10
50 years$792$435$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $811,000, adding $3,732 every year, while hoping to spend $35,541 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: 70/20/10 Blend
58$811,000$811,000$811,000$811,000
59$897,572$854,589$842,018$958,376
60$951,309$858,648$832,410$1,003,211
61$1,009,335$861,715$821,290$1,047,568
62$1,072,052$863,704$808,567$1,095,154
63$1,139,899$864,523$794,152$1,146,280
64$1,213,359$864,075$777,946$1,201,288
65$1,292,963$862,256$759,849$1,260,557
66$1,379,296$858,957$739,754$1,324,503
67$1,473,000$854,061$717,552$1,393,585
68$1,574,781$847,446$693,125$1,468,313
69$1,685,418$838,980$666,354$1,549,244
70$1,805,765$828,524$637,111$1,636,997
71$1,936,763$815,932$605,264$1,732,253
72$2,079,447$801,047$570,675$1,835,764
73$2,234,957$783,705$533,199$1,948,359
74$2,404,547$763,730$492,685$2,070,953
75$2,589,595$740,938$448,975$2,204,555
76$2,791,622$715,131$401,903$2,350,280
77$3,012,299$686,104$351,299$2,509,356
78$3,253,466$653,637$296,980$2,683,137
79$3,517,151$617,496$238,761$2,873,121
80$3,805,585$577,438$176,443$3,080,955
81$4,121,224$533,202$109,824$3,308,461
82$4,466,773$484,513$38,687$3,557,644
83$4,845,212$431,082$0$3,830,719
84$5,259,821$372,602$0$4,134,101
85$5,714,212$308,749$0$4,471,175
86$6,212,365$239,181$0$4,840,806
87$6,758,661$163,536$0$5,246,298
88$7,357,927$81,432$0$5,691,295
89$8,015,480$0$0$6,179,813
90$8,737,175$0$0$6,717,938
91$9,529,463$0$0$7,328,418
92$10,399,449$0$0$7,998,813
93$11,354,959$0$0$8,735,159
94$12,404,617$0$0$9,544,107
95$13,557,921$0$0$10,432,984
96$14,825,334$0$0$11,409,861
97$16,218,386$0$0$12,483,629
98$17,749,776$0$0$13,664,086
99$19,433,498$0$0$14,962,024
100$21,284,966$0$0$16,389,333