Can I retire at age 59 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$67,219$66,621$66,036$65,466$64,910$63,161
2 years$33,277$32,657$32,057$31,474$30,909$29,160
3 years$21,964$21,342$20,743$20,166$19,610$17,915
4 years$16,309$15,688$15,095$14,528$13,986$12,358
5 years$12,917$12,300$11,715$11,159$10,632$9,076
6 years$10,656$10,044$9,467$8,924$8,413$6,930
7 years$9,042$8,435$7,867$7,337$6,842$5,432
8 years$7,832$7,230$6,672$6,155$5,676$4,339
9 years$6,891$6,295$5,747$5,243$4,780$3,514
10 years$6,139$5,549$5,010$4,519$4,073$2,876
11 years$5,524$4,940$4,411$3,933$3,503$2,374
12 years$5,012$4,434$3,914$3,450$3,035$1,973
13 years$4,579$4,007$3,497$3,046$2,647$1,648
14 years$4,208$3,642$3,142$2,704$2,320$1,382
15 years$3,887$3,327$2,837$2,411$2,043$1,164
16 years$3,606$3,053$2,572$2,159$1,806$982
17 years$3,359$2,811$2,341$1,940$1,601$831
18 years$3,139$2,598$2,137$1,748$1,423$705
19 years$2,943$2,408$1,956$1,580$1,269$599
20 years$2,767$2,237$1,795$1,431$1,133$510
21 years$2,607$2,084$1,651$1,298$1,014$434
22 years$2,462$1,945$1,522$1,180$909$370
23 years$2,330$1,819$1,405$1,075$816$316
24 years$2,210$1,705$1,300$981$733$270
25 years$2,099$1,600$1,204$895$660$230
26 years$1,996$1,503$1,116$819$595$197
27 years$1,902$1,415$1,037$749$536$169
28 years$1,814$1,333$964$687$484$144
29 years$1,733$1,258$897$630$437$123
30 years$1,657$1,188$835$578$395$106
31 years$1,586$1,123$779$531$357$90
32 years$1,520$1,063$727$488$323$78
33 years$1,458$1,006$678$449$292$66
34 years$1,399$954$634$413$264$57
35 years$1,345$905$593$380$239$49
36 years$1,293$859$554$350$217$42
37 years$1,244$815$519$322$197$36
38 years$1,198$775$486$297$178$31
39 years$1,154$737$455$274$162$26
40 years$1,113$701$427$253$147$23
41 years$1,074$667$400$233$133$19
42 years$1,036$636$375$215$121$17
43 years$1,001$606$352$199$110$14
44 years$967$577$331$183$99$12
45 years$935$550$310$169$90$10
46 years$904$525$292$156$82$9
47 years$875$501$274$145$74$8
48 years$847$478$257$134$68$7
49 years$820$457$242$123$61$6
50 years$795$436$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $814,000, adding $2,771 every year, while hoping to spend $55,538 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: 77/16/7 Blend
58$814,000$814,000$814,000$814,000
59$899,886$856,744$844,127$968,200
60$932,583$839,633$813,314$996,340
61$966,753$819,821$779,606$1,019,736
62$1,002,488$797,119$742,850$1,043,760
63$1,039,888$771,324$702,881$1,068,450
64$1,079,060$742,222$659,531$1,093,849
65$1,120,120$709,587$612,621$1,120,006
66$1,163,194$673,179$561,966$1,146,974
67$1,208,420$632,745$507,372$1,174,813
68$1,255,946$588,017$448,636$1,203,589
69$1,305,935$538,712$385,548$1,233,379
70$1,358,561$484,530$317,885$1,264,264
71$1,414,017$425,154$245,417$1,296,338
72$1,472,512$360,252$167,903$1,329,704
73$1,534,272$289,468$85,092$1,364,478
74$1,599,546$212,430$0$1,400,790
75$1,668,605$128,744$0$1,439,028
76$1,741,744$37,994$0$1,485,906
77$1,819,285$0$0$1,535,262
78$1,901,582$0$0$1,597,927
79$1,989,020$0$0$1,671,629
80$2,082,021$0$0$1,750,036
81$2,181,048$0$0$1,833,540
82$2,286,604$0$0$1,922,568
83$2,399,245$0$0$2,017,591
84$2,519,577$0$0$2,119,122
85$2,648,264$0$0$2,227,724
86$2,786,036$0$0$2,344,017
87$2,933,691$0$0$2,468,677
88$3,092,106$0$0$2,602,447
89$3,262,244$0$0$2,746,144
90$3,445,161$0$0$2,900,663
91$3,642,015$0$0$3,066,987
92$3,854,080$0$0$3,246,196
93$4,082,754$0$0$3,439,474
94$4,329,573$0$0$3,648,125
95$4,596,224$0$0$3,873,580
96$4,884,563$0$0$4,117,412
97$5,196,626$0$0$4,381,349
98$5,534,656$0$0$4,667,293
99$5,901,117$0$0$4,977,333
100$6,298,717$0$0$5,313,768