Can I retire at age 59 with 816,000?

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 $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%15.7%
1 years$67,385$66,784$66,199$65,627$65,069$63,548
2 years$33,359$32,737$32,135$31,551$30,985$29,461
3 years$22,018$21,394$20,794$20,215$19,658$18,179
4 years$16,349$15,727$15,132$14,564$14,020$12,597
5 years$12,949$12,330$11,743$11,187$10,658$9,295
6 years$10,682$10,069$9,490$8,946$8,433$7,132
7 years$9,064$8,456$7,887$7,355$6,859$5,619
8 years$7,851$7,248$6,688$6,170$5,690$4,512
9 years$6,908$6,311$5,761$5,255$4,792$3,674
10 years$6,154$5,563$5,022$4,530$4,083$3,025
11 years$5,538$4,952$4,422$3,943$3,511$2,511
12 years$5,024$4,445$3,924$3,458$3,043$2,098
13 years$4,590$4,017$3,506$3,053$2,653$1,763
14 years$4,218$3,651$3,150$2,710$2,326$1,488
15 years$3,897$3,335$2,844$2,417$2,048$1,261
16 years$3,615$3,060$2,579$2,164$1,810$1,071
17 years$3,367$2,818$2,346$1,944$1,605$913
18 years$3,147$2,604$2,142$1,752$1,427$779
19 years$2,950$2,413$1,961$1,583$1,272$666
20 years$2,773$2,243$1,800$1,434$1,136$571
21 years$2,613$2,089$1,655$1,302$1,017$490
22 years$2,468$1,950$1,526$1,183$911$420
23 years$2,336$1,824$1,409$1,078$818$361
24 years$2,215$1,709$1,303$983$735$311
25 years$2,104$1,604$1,207$898$662$267
26 years$2,001$1,507$1,119$821$596$230
27 years$1,907$1,418$1,039$751$537$198
28 years$1,819$1,337$966$688$485$171
29 years$1,737$1,261$899$631$438$147
30 years$1,661$1,191$837$579$396$127
31 years$1,590$1,126$781$532$358$110
32 years$1,524$1,065$728$489$324$95
33 years$1,461$1,009$680$450$293$82
34 years$1,403$956$635$414$265$71
35 years$1,348$907$594$381$240$61
36 years$1,296$861$556$351$218$53
37 years$1,247$817$520$323$197$45
38 years$1,201$777$487$298$179$39
39 years$1,157$739$456$275$162$34
40 years$1,116$703$428$253$147$29
41 years$1,076$669$401$234$133$25
42 years$1,039$637$376$216$121$22
43 years$1,003$607$353$199$110$19
44 years$970$579$331$184$100$16
45 years$937$552$311$170$91$14
46 years$907$526$292$157$82$12
47 years$877$502$275$145$75$11
48 years$849$480$258$134$68$9
49 years$822$458$243$124$62$8
50 years$797$437$228$114$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $816,000, adding $3,920 every year, while hoping to spend $36,476 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: 51/28/21 Blend
58$816,000$816,000$816,000$816,000
59$903,275$860,027$847,379$943,883
60$956,599$863,359$836,957$975,687
61$1,014,140$865,631$824,962$1,006,179
62$1,076,288$866,753$811,304$1,038,565
63$1,143,475$866,629$795,889$1,073,038
64$1,216,174$865,158$778,615$1,109,812
65$1,294,903$862,230$759,378$1,149,125
66$1,380,235$857,732$738,069$1,191,242
67$1,472,799$851,540$714,574$1,236,454
68$1,573,285$843,526$688,773$1,285,086
69$1,682,454$833,553$660,541$1,337,499
70$1,801,142$821,475$629,747$1,394,090
71$1,930,270$807,138$596,254$1,455,304
72$2,070,848$790,379$559,920$1,521,628
73$2,223,992$771,025$520,595$1,593,608
74$2,390,927$748,893$478,123$1,671,843
75$2,573,003$723,789$432,340$1,757,001
76$2,771,703$695,509$383,078$1,849,818
77$2,988,662$663,835$330,157$1,951,110
78$3,225,681$628,538$273,392$2,061,783
79$3,484,738$589,374$212,588$2,182,834
80$3,768,016$546,088$147,544$2,315,371
81$4,077,915$498,407$78,048$2,460,618
82$4,417,078$446,046$3,879$2,619,929
83$4,788,418$388,699$0$2,794,800
84$5,195,140$326,048$0$3,003,754
85$5,640,773$257,754$0$3,233,778
86$6,129,207$183,459$0$3,486,083
87$6,664,723$102,785$0$3,762,963
88$7,252,037$15,334$0$4,066,951
89$7,896,343$0$0$4,400,844
90$8,603,364$0$0$4,792,163
91$9,379,401$0$0$5,226,953
92$10,231,396$0$0$5,704,391
93$11,166,997$0$0$6,228,773
94$12,194,627$0$0$6,804,832
95$13,323,566$0$0$7,437,781
96$14,564,037$0$0$8,133,365
97$15,927,303$0$0$8,897,912
98$17,425,770$0$0$9,738,394
99$19,073,108$0$0$10,662,491
100$20,884,376$0$0$11,678,665