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%17.7%
1 years$67,385$66,784$66,199$65,627$65,069$63,037
2 years$33,359$32,737$32,135$31,551$30,985$28,956
3 years$22,018$21,394$20,794$20,215$19,658$17,695
4 years$16,349$15,727$15,132$14,564$14,020$12,139
5 years$12,949$12,330$11,743$11,187$10,658$8,863
6 years$10,682$10,069$9,490$8,946$8,433$6,727
7 years$9,064$8,456$7,887$7,355$6,859$5,240
8 years$7,851$7,248$6,688$6,170$5,690$4,158
9 years$6,908$6,311$5,761$5,255$4,792$3,346
10 years$6,154$5,563$5,022$4,530$4,083$2,720
11 years$5,538$4,952$4,422$3,943$3,511$2,229
12 years$5,024$4,445$3,924$3,458$3,043$1,839
13 years$4,590$4,017$3,506$3,053$2,653$1,524
14 years$4,218$3,651$3,150$2,710$2,326$1,269
15 years$3,897$3,335$2,844$2,417$2,048$1,060
16 years$3,615$3,060$2,579$2,164$1,810$888
17 years$3,367$2,818$2,346$1,944$1,605$746
18 years$3,147$2,604$2,142$1,752$1,427$627
19 years$2,950$2,413$1,961$1,583$1,272$528
20 years$2,773$2,243$1,800$1,434$1,136$446
21 years$2,613$2,089$1,655$1,302$1,017$376
22 years$2,468$1,950$1,526$1,183$911$318
23 years$2,336$1,824$1,409$1,078$818$269
24 years$2,215$1,709$1,303$983$735$228
25 years$2,104$1,604$1,207$898$662$193
26 years$2,001$1,507$1,119$821$596$164
27 years$1,907$1,418$1,039$751$537$139
28 years$1,819$1,337$966$688$485$118
29 years$1,737$1,261$899$631$438$100
30 years$1,661$1,191$837$579$396$85
31 years$1,590$1,126$781$532$358$72
32 years$1,524$1,065$728$489$324$61
33 years$1,461$1,009$680$450$293$52
34 years$1,403$956$635$414$265$44
35 years$1,348$907$594$381$240$37
36 years$1,296$861$556$351$218$32
37 years$1,247$817$520$323$197$27
38 years$1,201$777$487$298$179$23
39 years$1,157$739$456$275$162$19
40 years$1,116$703$428$253$147$16
41 years$1,076$669$401$234$133$14
42 years$1,039$637$376$216$121$12
43 years$1,003$607$353$199$110$10
44 years$970$579$331$184$100$9
45 years$937$552$311$170$91$7
46 years$907$526$292$157$82$6
47 years$877$502$275$145$75$5
48 years$849$480$258$134$68$4
49 years$822$458$243$124$62$4
50 years$797$437$228$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $816,000, adding $6,388 every year, while hoping to spend $41,793 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: 39/41/20 Blend
58$816,000$816,000$816,000$816,000
59$905,821$862,573$849,925$935,529
60$953,748$860,372$833,930$955,273
61$1,005,162$856,662$815,999$972,161
62$1,060,375$851,325$796,022$989,562
63$1,119,730$844,237$773,885$1,007,546
64$1,183,602$835,264$749,470$1,026,194
65$1,252,403$824,265$722,650$1,045,595
66$1,326,586$811,092$693,297$1,065,853
67$1,406,648$795,587$661,273$1,087,086
68$1,493,137$777,581$626,436$1,109,428
69$1,586,652$756,897$588,637$1,133,030
70$1,687,854$733,349$547,720$1,158,062
71$1,797,468$706,736$503,522$1,184,718
72$1,916,293$676,850$455,873$1,213,215
73$2,045,206$643,466$404,596$1,243,797
74$2,185,172$606,351$349,504$1,276,741
75$2,337,252$565,254$290,405$1,312,355
76$2,502,613$519,913$227,096$1,350,986
77$2,682,541$470,050$159,364$1,393,022
78$2,878,448$415,371$86,991$1,438,901
79$3,091,890$355,564$9,745$1,489,108
80$3,324,578$290,302$0$1,544,188
81$3,578,395$219,237$0$1,620,263
82$3,855,415$142,003$0$1,705,727
83$4,157,920$58,214$0$1,799,312
84$4,488,422$0$0$1,901,922
85$4,849,687$0$0$2,029,241
86$5,244,759$0$0$2,197,301
87$5,676,991$0$0$2,381,277
88$6,150,074$0$0$2,582,753
89$6,668,075$0$0$2,803,476
90$7,235,468$0$0$3,045,367
91$7,857,183$0$0$3,310,542
92$8,538,650$0$0$3,601,334
93$9,285,847$0$0$3,920,310
94$10,105,361$0$0$4,270,298
95$11,004,445$0$0$4,654,413
96$11,991,087$0$0$5,076,087
97$13,074,089$0$0$5,539,101
98$14,263,145$0$0$6,047,617
99$15,568,932$0$0$6,606,222
100$17,003,214$0$0$7,219,971