Can I retire at age 59 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$67,385$66,784$66,199$65,627$65,069$63,834
2 years$33,359$32,737$32,135$31,551$30,985$29,745
3 years$22,018$21,394$20,794$20,215$19,658$18,453
4 years$16,349$15,727$15,132$14,564$14,020$12,858
5 years$12,949$12,330$11,743$11,187$10,658$9,543
6 years$10,682$10,069$9,490$8,946$8,433$7,366
7 years$9,064$8,456$7,887$7,355$6,859$5,840
8 years$7,851$7,248$6,688$6,170$5,690$4,719
9 years$6,908$6,311$5,761$5,255$4,792$3,868
10 years$6,154$5,563$5,022$4,530$4,083$3,206
11 years$5,538$4,952$4,422$3,943$3,511$2,680
12 years$5,024$4,445$3,924$3,458$3,043$2,256
13 years$4,590$4,017$3,506$3,053$2,653$1,910
14 years$4,218$3,651$3,150$2,710$2,326$1,624
15 years$3,897$3,335$2,844$2,417$2,048$1,386
16 years$3,615$3,060$2,579$2,164$1,810$1,187
17 years$3,367$2,818$2,346$1,944$1,605$1,019
18 years$3,147$2,604$2,142$1,752$1,427$877
19 years$2,950$2,413$1,961$1,583$1,272$756
20 years$2,773$2,243$1,800$1,434$1,136$653
21 years$2,613$2,089$1,655$1,302$1,017$565
22 years$2,468$1,950$1,526$1,183$911$489
23 years$2,336$1,824$1,409$1,078$818$424
24 years$2,215$1,709$1,303$983$735$368
25 years$2,104$1,604$1,207$898$662$319
26 years$2,001$1,507$1,119$821$596$278
27 years$1,907$1,418$1,039$751$537$241
28 years$1,819$1,337$966$688$485$210
29 years$1,737$1,261$899$631$438$183
30 years$1,661$1,191$837$579$396$159
31 years$1,590$1,126$781$532$358$138
32 years$1,524$1,065$728$489$324$121
33 years$1,461$1,009$680$450$293$105
34 years$1,403$956$635$414$265$91
35 years$1,348$907$594$381$240$80
36 years$1,296$861$556$351$218$69
37 years$1,247$817$520$323$197$61
38 years$1,201$777$487$298$179$53
39 years$1,157$739$456$275$162$46
40 years$1,116$703$428$253$147$40
41 years$1,076$669$401$234$133$35
42 years$1,039$637$376$216$121$31
43 years$1,003$607$353$199$110$27
44 years$970$579$331$184$100$23
45 years$937$552$311$170$91$20
46 years$907$526$292$157$82$18
47 years$877$502$275$145$75$15
48 years$849$480$258$134$68$13
49 years$822$458$243$124$62$12
50 years$797$437$228$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $816,000, adding $5,809 every year, while hoping to spend $44,386 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: 69/13/18 Blend
58$816,000$816,000$816,000$816,000
59$905,224$861,976$849,328$963,366
60$950,330$856,986$830,554$997,897
61$998,550$850,265$809,664$1,029,882
62$1,050,154$841,679$786,539$1,063,775
63$1,105,438$831,090$761,057$1,099,759
64$1,164,729$818,350$733,088$1,138,037
65$1,228,383$803,301$702,498$1,178,835
66$1,296,793$785,777$669,147$1,222,402
67$1,370,389$765,603$632,886$1,269,015
68$1,449,643$742,592$593,562$1,318,977
69$1,535,074$716,547$551,015$1,372,629
70$1,627,253$687,259$505,075$1,430,342
71$1,726,806$654,508$455,568$1,492,532
72$1,834,420$618,059$402,310$1,559,655
73$1,950,853$577,666$345,109$1,632,217
74$2,076,936$533,067$283,766$1,710,779
75$2,213,582$483,986$218,071$1,795,958
76$2,361,798$430,132$147,807$1,888,439
77$2,522,688$371,195$72,745$1,988,978
78$2,697,469$306,850$0$2,098,411
79$2,887,478$236,753$0$2,219,076
80$3,094,185$160,538$0$2,365,582
81$3,319,211$77,824$0$2,525,122
82$3,564,336$0$0$2,698,994
83$3,831,520$0$0$2,890,317
84$4,122,922$0$0$3,111,166
85$4,440,914$0$0$3,352,211
86$4,788,112$0$0$3,615,439
87$5,167,393$0$0$3,903,038
88$5,581,922$0$0$4,217,414
89$6,035,189$0$0$4,561,220
90$6,531,032$0$0$4,937,373
91$7,073,680$0$0$5,349,087
92$7,667,786$0$0$5,799,901
93$8,318,478$0$0$6,293,713
94$9,031,400$0$0$6,834,813
95$9,812,771$0$0$7,427,928
96$10,669,437$0$0$8,078,264
97$11,608,939$0$0$8,791,554
98$12,639,583$0$0$9,574,112
99$13,770,519$0$0$10,432,895
100$15,011,824$0$0$11,375,564