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%12%
1 years$67,219$66,621$66,036$65,466$64,910$64,366
2 years$33,277$32,657$32,057$31,474$30,909$30,361
3 years$21,964$21,342$20,743$20,166$19,610$19,075
4 years$16,309$15,688$15,095$14,528$13,986$13,468
5 years$12,917$12,300$11,715$11,159$10,632$10,132
6 years$10,656$10,044$9,467$8,924$8,413$7,932
7 years$9,042$8,435$7,867$7,337$6,842$6,380
8 years$7,832$7,230$6,672$6,155$5,676$5,233
9 years$6,891$6,295$5,747$5,243$4,780$4,356
10 years$6,139$5,549$5,010$4,519$4,073$3,668
11 years$5,524$4,940$4,411$3,933$3,503$3,116
12 years$5,012$4,434$3,914$3,450$3,035$2,667
13 years$4,579$4,007$3,497$3,046$2,647$2,296
14 years$4,208$3,642$3,142$2,704$2,320$1,987
15 years$3,887$3,327$2,837$2,411$2,043$1,727
16 years$3,606$3,053$2,572$2,159$1,806$1,506
17 years$3,359$2,811$2,341$1,940$1,601$1,317
18 years$3,139$2,598$2,137$1,748$1,423$1,155
19 years$2,943$2,408$1,956$1,580$1,269$1,015
20 years$2,767$2,237$1,795$1,431$1,133$893
21 years$2,607$2,084$1,651$1,298$1,014$788
22 years$2,462$1,945$1,522$1,180$909$696
23 years$2,330$1,819$1,405$1,075$816$615
24 years$2,210$1,705$1,300$981$733$545
25 years$2,099$1,600$1,204$895$660$483
26 years$1,996$1,503$1,116$819$595$428
27 years$1,902$1,415$1,037$749$536$380
28 years$1,814$1,333$964$687$484$338
29 years$1,733$1,258$897$630$437$300
30 years$1,657$1,188$835$578$395$267
31 years$1,586$1,123$779$531$357$237
32 years$1,520$1,063$727$488$323$211
33 years$1,458$1,006$678$449$292$188
34 years$1,399$954$634$413$264$167
35 years$1,345$905$593$380$239$149
36 years$1,293$859$554$350$217$133
37 years$1,244$815$519$322$197$118
38 years$1,198$775$486$297$178$106
39 years$1,154$737$455$274$162$94
40 years$1,113$701$427$253$147$84
41 years$1,074$667$400$233$133$75
42 years$1,036$636$375$215$121$67
43 years$1,001$606$352$199$110$60
44 years$967$577$331$183$99$53
45 years$935$550$310$169$90$47
46 years$904$525$292$156$82$42
47 years$875$501$274$145$74$38
48 years$847$478$257$134$68$34
49 years$820$457$242$123$61$30
50 years$795$436$227$114$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $814,000, adding $3,737 every year, while hoping to spend $44,696 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: 36/46/18 Blend
58$814,000$814,000$814,000$814,000
59$900,883$857,741$845,124$928,259
60$945,217$852,214$825,879$942,957
61$992,574$844,918$804,492$954,343
62$1,043,218$835,720$780,843$965,697
63$1,097,432$824,477$754,808$977,041
64$1,155,533$811,039$726,257$988,402
65$1,217,864$795,246$695,053$999,816
66$1,284,804$776,931$661,055$1,011,323
67$1,356,767$755,913$624,113$1,022,976
68$1,434,209$732,005$584,072$1,034,835
69$1,517,630$705,005$540,771$1,046,972
70$1,607,580$674,702$494,038$1,059,470
71$1,704,662$640,871$443,697$1,072,428
72$1,809,539$603,275$389,563$1,085,960
73$1,922,941$561,664$331,442$1,100,199
74$2,045,667$515,772$269,131$1,115,297
75$2,178,599$465,319$202,421$1,131,429
76$2,322,705$410,008$131,091$1,148,795
77$2,479,048$349,527$54,910$1,167,624
78$2,648,801$283,543$0$1,188,176
79$2,833,251$211,709$0$1,215,815
80$3,033,814$133,654$0$1,257,392
81$3,252,050$48,990$0$1,302,779
82$3,489,671$0$0$1,352,459
83$3,748,567$0$0$1,428,583
84$4,030,813$0$0$1,538,711
85$4,338,694$0$0$1,658,951
86$4,674,727$0$0$1,790,300
87$5,041,680$0$0$1,933,853
88$5,442,601$0$0$2,090,819
89$5,880,847$0$0$2,262,526
90$6,360,110$0$0$2,450,438
91$6,884,461$0$0$2,656,167
92$7,458,377$0$0$2,881,487
93$8,086,791$0$0$3,128,354
94$8,775,135$0$0$3,398,919
95$9,529,390$0$0$3,695,552
96$10,356,143$0$0$4,020,866
97$11,262,650$0$0$4,377,735
98$12,256,902$0$0$4,769,328
99$13,347,699$0$0$5,199,132
100$14,544,736$0$0$5,670,991