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%12.2%
1 years$66,972$66,375$65,793$65,225$64,670$64,075
2 years$33,154$32,537$31,938$31,358$30,795$30,196
3 years$21,883$21,263$20,666$20,091$19,538$18,952
4 years$16,249$15,631$15,040$14,475$13,935$13,367
5 years$12,869$12,255$11,671$11,118$10,593$10,046
6 years$10,617$10,007$9,432$8,891$8,382$7,856
7 years$9,008$8,404$7,838$7,310$6,817$6,312
8 years$7,803$7,204$6,647$6,132$5,655$5,172
9 years$6,866$6,272$5,725$5,223$4,762$4,300
10 years$6,116$5,528$4,992$4,502$4,058$3,616
11 years$5,504$4,922$4,395$3,918$3,490$3,069
12 years$4,993$4,417$3,900$3,437$3,024$2,623
13 years$4,562$3,992$3,484$3,034$2,637$2,255
14 years$4,193$3,629$3,131$2,694$2,312$1,949
15 years$3,873$3,315$2,827$2,402$2,035$1,691
16 years$3,593$3,041$2,563$2,151$1,799$1,473
17 years$3,347$2,801$2,332$1,933$1,595$1,286
18 years$3,128$2,588$2,129$1,742$1,418$1,126
19 years$2,932$2,399$1,949$1,574$1,264$988
20 years$2,756$2,229$1,789$1,425$1,129$869
21 years$2,597$2,076$1,645$1,294$1,010$765
22 years$2,453$1,938$1,516$1,176$906$675
23 years$2,322$1,813$1,400$1,071$813$596
24 years$2,201$1,698$1,295$977$731$527
25 years$2,091$1,594$1,199$892$658$466
26 years$1,989$1,498$1,112$816$592$413
27 years$1,895$1,410$1,033$747$534$366
28 years$1,808$1,328$960$684$482$324
29 years$1,726$1,253$893$627$435$288
30 years$1,651$1,183$832$576$393$255
31 years$1,580$1,119$776$529$355$227
32 years$1,514$1,059$724$486$322$202
33 years$1,452$1,003$676$447$291$179
34 years$1,394$950$632$411$263$159
35 years$1,340$901$590$379$239$142
36 years$1,288$855$552$349$216$126
37 years$1,239$812$517$321$196$112
38 years$1,193$772$484$296$178$100
39 years$1,150$734$454$273$161$89
40 years$1,109$698$425$252$146$79
41 years$1,070$665$399$232$133$70
42 years$1,033$633$374$214$120$63
43 years$997$603$351$198$109$56
44 years$964$575$329$183$99$50
45 years$932$548$309$169$90$44
46 years$901$523$290$156$82$39
47 years$872$499$273$144$74$35
48 years$844$477$256$133$67$31
49 years$817$455$241$123$61$28
50 years$792$435$227$114$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $811,000, adding $2,879 every year, while hoping to spend $28,495 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: 51/23/26 Blend
58$811,000$811,000$811,000$811,000
59$896,692$853,709$841,138$935,741
60$957,836$865,222$838,998$974,705
61$1,024,262$876,344$835,831$1,013,939
62$1,096,478$887,027$831,573$1,056,030
63$1,175,044$897,216$826,155$1,101,261
64$1,260,575$906,857$819,509$1,149,947
65$1,353,750$915,889$811,558$1,202,434
66$1,455,313$924,248$802,226$1,259,104
67$1,566,085$931,866$791,431$1,320,380
68$1,686,970$938,672$779,088$1,386,730
69$1,818,960$944,586$765,107$1,458,670
70$1,963,151$949,528$749,395$1,536,770
71$2,120,748$953,410$731,855$1,621,659
72$2,293,076$956,139$712,384$1,714,034
73$2,481,595$957,616$690,875$1,814,662
74$2,687,915$957,736$667,216$1,924,392
75$2,913,805$956,387$641,290$2,044,161
76$3,161,214$953,452$612,975$2,175,003
77$3,432,291$948,804$582,142$2,318,060
78$3,729,400$942,310$548,659$2,474,593
79$4,055,144$933,829$512,385$2,645,995
80$4,412,394$923,211$473,174$2,833,802
81$4,804,306$910,297$430,874$3,039,711
82$5,234,362$894,918$385,325$3,265,593
83$5,706,394$876,897$336,361$3,513,515
84$6,224,625$856,043$283,807$3,785,758
85$6,793,704$832,157$227,482$4,084,839
86$7,418,756$805,027$167,197$4,413,535
87$8,105,425$774,428$102,753$4,774,911
88$8,859,927$740,124$33,944$5,172,349
89$9,689,112$701,862$0$5,609,580
90$10,600,526$659,379$0$6,101,674
91$11,602,484$612,392$0$6,652,981
92$12,704,143$560,605$0$7,259,150
93$13,915,595$503,704$0$7,925,775
94$15,247,957$441,357$0$8,659,024
95$16,713,479$373,214$0$9,465,696
96$18,325,656$298,904$0$10,353,287
97$20,099,359$218,036$0$11,330,058
98$22,050,970$130,196$0$12,405,118
99$24,198,543$34,949$0$13,588,506
100$26,561,966$0$0$14,891,289