Can I retire at age 59 with 814,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$67,219$66,621$66,036$65,466$64,910$63,599
2 years$33,277$32,657$32,057$31,474$30,909$29,595
3 years$21,964$21,342$20,743$20,166$19,610$18,332
4 years$16,309$15,688$15,095$14,528$13,986$12,755
5 years$12,917$12,300$11,715$11,159$10,632$9,451
6 years$10,656$10,044$9,467$8,924$8,413$7,284
7 years$9,042$8,435$7,867$7,337$6,842$5,765
8 years$7,832$7,230$6,672$6,155$5,676$4,650
9 years$6,891$6,295$5,747$5,243$4,780$3,805
10 years$6,139$5,549$5,010$4,519$4,073$3,148
11 years$5,524$4,940$4,411$3,933$3,503$2,626
12 years$5,012$4,434$3,914$3,450$3,035$2,207
13 years$4,579$4,007$3,497$3,046$2,647$1,864
14 years$4,208$3,642$3,142$2,704$2,320$1,582
15 years$3,887$3,327$2,837$2,411$2,043$1,348
16 years$3,606$3,053$2,572$2,159$1,806$1,152
17 years$3,359$2,811$2,341$1,940$1,601$987
18 years$3,139$2,598$2,137$1,748$1,423$847
19 years$2,943$2,408$1,956$1,580$1,269$729
20 years$2,767$2,237$1,795$1,431$1,133$628
21 years$2,607$2,084$1,651$1,298$1,014$542
22 years$2,462$1,945$1,522$1,180$909$468
23 years$2,330$1,819$1,405$1,075$816$405
24 years$2,210$1,705$1,300$981$733$351
25 years$2,099$1,600$1,204$895$660$304
26 years$1,996$1,503$1,116$819$595$263
27 years$1,902$1,415$1,037$749$536$228
28 years$1,814$1,333$964$687$484$198
29 years$1,733$1,258$897$630$437$172
30 years$1,657$1,188$835$578$395$149
31 years$1,586$1,123$779$531$357$130
32 years$1,520$1,063$727$488$323$113
33 years$1,458$1,006$678$449$292$98
34 years$1,399$954$634$413$264$85
35 years$1,345$905$593$380$239$74
36 years$1,293$859$554$350$217$64
37 years$1,244$815$519$322$197$56
38 years$1,198$775$486$297$178$49
39 years$1,154$737$455$274$162$42
40 years$1,113$701$427$253$147$37
41 years$1,074$667$400$233$133$32
42 years$1,036$636$375$215$121$28
43 years$1,001$606$352$199$110$24
44 years$967$577$331$183$99$21
45 years$935$550$310$169$90$18
46 years$904$525$292$156$82$16
47 years$875$501$274$145$74$14
48 years$847$478$257$134$68$12
49 years$820$457$242$123$61$11
50 years$795$436$227$114$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $814,000, adding $2,399 every year, while hoping to spend $35,057 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: 73/14/13 Blend
58$814,000$814,000$814,000$814,000
59$899,503$856,361$843,744$962,528
60$953,951$861,022$834,709$1,009,208
61$1,012,779$864,737$824,196$1,055,767
62$1,076,395$867,421$812,119$1,105,819
63$1,145,250$868,988$798,388$1,159,702
64$1,219,839$869,341$782,907$1,217,788
65$1,300,705$868,382$765,577$1,280,487
66$1,388,448$866,003$746,295$1,348,250
67$1,483,725$862,093$724,951$1,421,576
68$1,587,261$856,531$701,433$1,501,015
69$1,699,851$849,191$675,620$1,587,172
70$1,822,373$839,938$647,390$1,680,717
71$1,955,789$828,629$616,612$1,782,386
72$2,101,161$815,114$583,151$1,892,993
73$2,259,657$799,231$546,863$2,013,435
74$2,432,560$780,812$507,602$2,144,699
75$2,621,286$759,677$465,211$2,287,878
76$2,827,391$735,635$419,529$2,444,173
77$3,052,589$708,485$370,387$2,614,911
78$3,298,766$678,014$317,609$2,801,556
79$3,568,000$643,996$261,008$3,005,719
80$3,862,578$606,194$200,394$3,229,181
81$4,185,018$564,354$135,564$3,473,904
82$4,538,093$518,211$66,309$3,742,050
83$4,924,857$467,482$0$4,036,007
84$5,348,674$411,870$0$4,359,459
85$5,813,246$351,059$0$4,724,138
86$6,322,654$284,717$0$5,124,069
87$6,881,389$212,493$0$5,562,814
88$7,494,401$134,016$0$6,044,300
89$8,167,140$48,893$0$6,572,854
90$8,905,610$0$0$7,153,246
91$9,716,425$0$0$7,797,399
92$10,606,871$0$0$8,513,126
93$11,584,971$0$0$9,299,349
94$12,659,568$0$0$10,163,180
95$13,840,402$0$0$11,112,454
96$15,138,201$0$0$12,155,801
97$16,564,788$0$0$13,302,731
98$18,133,185$0$0$14,563,720
99$19,857,740$0$0$15,950,309
100$21,754,261$0$0$17,475,215