Can I retire at age 59 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$67,137$66,539$65,955$65,386$64,830$62,780
2 years$33,236$32,617$32,017$31,435$30,871$28,824
3 years$21,937$21,316$20,717$20,141$19,586$17,607
4 years$16,289$15,669$15,077$14,510$13,969$12,072
5 years$12,901$12,285$11,700$11,145$10,619$8,810
6 years$10,643$10,032$9,456$8,913$8,402$6,683
7 years$9,031$8,424$7,858$7,328$6,833$5,203
8 years$7,822$7,221$6,664$6,147$5,669$4,126
9 years$6,883$6,287$5,740$5,236$4,774$3,318
10 years$6,131$5,542$5,004$4,514$4,068$2,695
11 years$5,517$4,934$4,405$3,928$3,498$2,208
12 years$5,006$4,428$3,910$3,446$3,032$1,820
13 years$4,573$4,002$3,493$3,042$2,644$1,508
14 years$4,203$3,638$3,138$2,700$2,317$1,254
15 years$3,882$3,323$2,834$2,408$2,040$1,047
16 years$3,602$3,049$2,569$2,156$1,803$876
17 years$3,355$2,808$2,338$1,937$1,599$735
18 years$3,135$2,595$2,134$1,746$1,422$618
19 years$2,939$2,405$1,954$1,578$1,267$520
20 years$2,763$2,234$1,793$1,429$1,132$439
21 years$2,604$2,081$1,649$1,297$1,013$370
22 years$2,459$1,943$1,520$1,179$908$313
23 years$2,328$1,817$1,403$1,074$815$264
24 years$2,207$1,703$1,298$979$733$224
25 years$2,096$1,598$1,202$894$659$189
26 years$1,994$1,502$1,115$818$594$160
27 years$1,900$1,413$1,035$749$535$136
28 years$1,812$1,332$962$686$483$115
29 years$1,731$1,256$896$629$436$97
30 years$1,655$1,186$834$577$394$83
31 years$1,584$1,122$778$530$356$70
32 years$1,518$1,061$726$487$322$59
33 years$1,456$1,005$678$448$292$50
34 years$1,398$952$633$412$264$43
35 years$1,343$903$592$379$239$36
36 years$1,291$857$554$349$217$31
37 years$1,242$814$518$322$196$26
38 years$1,196$774$485$297$178$22
39 years$1,153$736$455$274$161$19
40 years$1,111$700$426$252$146$16
41 years$1,072$667$400$233$133$14
42 years$1,035$635$375$215$121$11
43 years$1,000$605$352$198$109$10
44 years$966$577$330$183$99$8
45 years$934$550$310$169$90$7
46 years$903$524$291$156$82$6
47 years$874$500$274$144$74$5
48 years$846$478$257$133$68$4
49 years$819$456$242$123$61$4
50 years$794$436$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $813,000, adding $4,900 every year, while hoping to spend $45,456 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: 56/24/20 Blend
58$813,000$813,000$813,000$813,000
59$900,980$857,891$845,290$946,335
60$944,516$851,563$825,242$971,502
61$990,968$843,401$803,000$993,631
62$1,040,587$833,268$778,440$1,016,743
63$1,093,646$821,018$751,437$1,040,944
64$1,150,445$806,495$721,857$1,066,352
65$1,211,313$789,535$689,562$1,093,100
66$1,276,610$769,966$654,406$1,121,337
67$1,346,732$747,603$616,237$1,151,230
68$1,422,115$722,251$574,896$1,182,965
69$1,503,233$693,704$530,218$1,216,751
70$1,590,612$661,744$482,029$1,252,819
71$1,684,826$626,141$430,149$1,291,430
72$1,786,506$586,651$374,387$1,332,873
73$1,896,348$543,015$314,547$1,377,471
74$2,015,114$494,961$250,423$1,425,584
75$2,143,642$442,200$181,798$1,477,611
76$2,282,854$384,428$108,449$1,533,999
77$2,433,763$321,323$30,140$1,595,243
78$2,597,483$252,545$0$1,661,895
79$2,775,241$177,734$0$1,745,971
80$2,968,383$96,511$0$1,844,354
81$3,178,394$8,475$0$1,951,421
82$3,406,903$0$0$2,068,069
83$3,655,706$0$0$2,218,218
84$3,926,778$0$0$2,384,312
85$4,222,292$0$0$2,565,452
86$4,544,640$0$0$2,763,113
87$4,896,456$0$0$2,978,919
88$5,280,637$0$0$3,214,657
89$5,700,374$0$0$3,472,295
90$6,159,180$0$0$3,753,999
91$6,660,920$0$0$4,062,155
92$7,209,854$0$0$4,399,387
93$7,810,669$0$0$4,768,588
94$8,468,527$0$0$5,172,942
95$9,189,113$0$0$5,615,956
96$9,978,689$0$0$6,101,492
97$10,844,148$0$0$6,633,802
98$11,793,084$0$0$7,217,572
99$12,833,861$0$0$7,857,961
100$13,975,691$0$0$8,560,652