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%19.2%
1 years$66,972$66,375$65,793$65,225$64,670$62,277
2 years$33,154$32,537$31,938$31,358$30,795$28,411
3 years$21,883$21,263$20,666$20,091$19,538$17,237
4 years$16,249$15,631$15,040$14,475$13,935$11,736
5 years$12,869$12,255$11,671$11,118$10,593$8,501
6 years$10,617$10,007$9,432$8,891$8,382$6,399
7 years$9,008$8,404$7,838$7,310$6,817$4,942
8 years$7,803$7,204$6,647$6,132$5,655$3,888
9 years$6,866$6,272$5,725$5,223$4,762$3,099
10 years$6,116$5,528$4,992$4,502$4,058$2,496
11 years$5,504$4,922$4,395$3,918$3,490$2,026
12 years$4,993$4,417$3,900$3,437$3,024$1,654
13 years$4,562$3,992$3,484$3,034$2,637$1,357
14 years$4,193$3,629$3,131$2,694$2,312$1,118
15 years$3,873$3,315$2,827$2,402$2,035$924
16 years$3,593$3,041$2,563$2,151$1,799$766
17 years$3,347$2,801$2,332$1,933$1,595$636
18 years$3,128$2,588$2,129$1,742$1,418$529
19 years$2,932$2,399$1,949$1,574$1,264$441
20 years$2,756$2,229$1,789$1,425$1,129$367
21 years$2,597$2,076$1,645$1,294$1,010$307
22 years$2,453$1,938$1,516$1,176$906$256
23 years$2,322$1,813$1,400$1,071$813$214
24 years$2,201$1,698$1,295$977$731$179
25 years$2,091$1,594$1,199$892$658$150
26 years$1,989$1,498$1,112$816$592$126
27 years$1,895$1,410$1,033$747$534$105
28 years$1,808$1,328$960$684$482$88
29 years$1,726$1,253$893$627$435$74
30 years$1,651$1,183$832$576$393$62
31 years$1,580$1,119$776$529$355$52
32 years$1,514$1,059$724$486$322$43
33 years$1,452$1,003$676$447$291$36
34 years$1,394$950$632$411$263$31
35 years$1,340$901$590$379$239$26
36 years$1,288$855$552$349$216$22
37 years$1,239$812$517$321$196$18
38 years$1,193$772$484$296$178$15
39 years$1,150$734$454$273$161$13
40 years$1,109$698$425$252$146$11
41 years$1,070$665$399$232$133$9
42 years$1,033$633$374$214$120$7
43 years$997$603$351$198$109$6
44 years$964$575$329$183$99$5
45 years$932$548$309$169$90$4
46 years$901$523$290$156$82$4
47 years$872$499$273$144$74$3
48 years$844$477$256$133$67$3
49 years$817$455$241$123$61$2
50 years$792$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $811,000, adding $4,920 every year, while hoping to spend $37,741 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: 24/49/27 Blend
58$811,000$811,000$811,000$811,000
59$898,797$855,814$843,243$912,622
60$950,318$857,593$831,336$926,442
61$1,005,830$858,194$817,765$937,718
62$1,065,698$857,519$802,434$949,003
63$1,130,328$855,466$785,244$960,321
64$1,200,161$851,924$766,090$971,705
65$1,275,686$846,776$744,862$983,193
66$1,357,437$839,899$721,446$994,830
67$1,446,003$831,162$695,721$1,006,672
68$1,542,031$820,425$667,564$1,018,784
69$1,646,233$807,540$636,842$1,031,241
70$1,759,391$792,352$603,418$1,044,132
71$1,882,366$774,695$567,150$1,057,559
72$2,016,106$754,393$527,888$1,071,642
73$2,161,652$731,261$485,476$1,086,517
74$2,320,150$705,103$439,749$1,102,340
75$2,492,863$675,711$390,538$1,119,291
76$2,681,178$642,864$337,664$1,137,575
77$2,886,624$606,330$280,942$1,157,424
78$3,110,882$565,862$220,176$1,179,102
79$3,355,804$521,202$155,164$1,202,908
80$3,623,428$472,072$85,693$1,229,182
81$3,915,997$418,183$11,544$1,258,306
82$4,235,982$359,228$0$1,290,710
83$4,586,103$294,881$0$1,346,352
84$4,969,355$224,799$0$1,411,120
85$5,389,036$148,621$0$1,482,371
86$5,848,778$65,964$0$1,560,868
87$6,352,581$0$0$1,647,462
88$6,904,849$0$0$1,755,809
89$7,510,434$0$0$1,913,757
90$8,174,679$0$0$2,087,149
91$8,903,470$0$0$2,277,541
92$9,703,289$0$0$2,486,644
93$10,581,277$0$0$2,716,344
94$11,545,301$0$0$2,968,720
95$12,604,023$0$0$3,246,060
96$13,766,990$0$0$3,550,887
97$15,044,716$0$0$3,885,978
98$16,448,786$0$0$4,254,396
99$17,991,960$0$0$4,659,511
100$19,688,298$0$0$5,105,040