Can I retire at age 59 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$67,467$66,866$66,280$65,708$65,149$63,063
2 years$33,400$32,778$32,175$31,590$31,023$28,941
3 years$22,045$21,420$20,819$20,240$19,682$17,670
4 years$16,369$15,746$15,151$14,582$14,038$12,109
5 years$12,964$12,345$11,758$11,200$10,671$8,832
6 years$10,695$10,081$9,502$8,957$8,444$6,696
7 years$9,075$8,466$7,896$7,364$6,867$5,210
8 years$7,861$7,257$6,697$6,177$5,697$4,130
9 years$6,916$6,318$5,768$5,262$4,798$3,318
10 years$6,162$5,569$5,029$4,536$4,088$2,694
11 years$5,544$4,958$4,427$3,947$3,516$2,205
12 years$5,030$4,450$3,929$3,462$3,047$1,817
13 years$4,596$4,022$3,510$3,057$2,657$1,504
14 years$4,224$3,656$3,154$2,714$2,329$1,250
15 years$3,901$3,339$2,848$2,420$2,050$1,043
16 years$3,620$3,064$2,582$2,167$1,812$872
17 years$3,371$2,822$2,349$1,947$1,607$731
18 years$3,151$2,607$2,145$1,755$1,429$614
19 years$2,954$2,416$1,963$1,585$1,273$517
20 years$2,777$2,245$1,802$1,436$1,137$435
21 years$2,617$2,092$1,657$1,303$1,018$367
22 years$2,471$1,952$1,527$1,185$912$310
23 years$2,339$1,826$1,410$1,079$819$262
24 years$2,218$1,711$1,304$984$736$221
25 years$2,106$1,606$1,208$899$662$187
26 years$2,004$1,509$1,120$822$597$158
27 years$1,909$1,420$1,040$752$538$134
28 years$1,821$1,338$967$689$485$113
29 years$1,739$1,262$900$632$438$96
30 years$1,663$1,192$838$580$396$81
31 years$1,592$1,127$782$533$358$69
32 years$1,525$1,066$729$490$324$58
33 years$1,463$1,010$681$450$293$49
34 years$1,405$957$636$414$265$42
35 years$1,349$908$595$381$240$36
36 years$1,298$862$556$351$218$30
37 years$1,249$818$521$324$197$26
38 years$1,202$778$488$298$179$22
39 years$1,158$740$457$275$162$18
40 years$1,117$704$428$254$147$16
41 years$1,078$670$402$234$134$13
42 years$1,040$638$377$216$121$11
43 years$1,005$608$353$199$110$10
44 years$971$579$332$184$100$8
45 years$938$552$312$170$91$7
46 years$908$527$293$157$82$6
47 years$878$503$275$145$75$5
48 years$850$480$258$134$68$4
49 years$823$459$243$124$62$4
50 years$798$438$228$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $817,000, adding $5,314 every year, while hoping to spend $51,465 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: 43/34/23 Blend
58$817,000$817,000$817,000$817,000
59$905,815$862,514$849,851$938,494
60$943,450$850,019$823,563$949,732
61$983,199$835,187$794,669$956,527
62$1,025,223$817,849$763,028$962,856
63$1,069,698$797,825$728,491$968,706
64$1,116,816$774,928$690,905$974,061
65$1,166,788$748,956$650,107$978,913
66$1,219,842$719,697$605,927$983,254
67$1,276,231$686,927$558,191$987,080
68$1,336,228$650,408$506,711$990,395
69$1,400,134$609,889$451,297$993,205
70$1,468,278$565,104$391,746$995,523
71$1,541,021$515,772$327,848$997,369
72$1,618,757$461,597$259,383$998,775
73$1,701,920$402,265$186,122$999,777
74$1,790,985$337,445$107,826$1,000,427
75$1,886,471$266,785$24,244$1,000,786
76$1,988,949$189,916$0$1,000,932
77$2,099,048$106,448$0$1,016,897
78$2,217,454$15,967$0$1,040,239
79$2,344,924$0$0$1,065,204
80$2,482,285$0$0$1,122,684
81$2,630,451$0$0$1,191,206
82$2,790,420$0$0$1,265,269
83$2,963,294$0$0$1,345,391
84$3,150,282$0$0$1,432,145
85$3,352,711$0$0$1,526,157
86$3,572,042$0$0$1,628,119
87$3,809,882$0$0$1,738,789
88$4,067,996$0$0$1,859,003
89$4,348,328$0$0$1,989,678
90$4,653,013$0$0$2,131,825
91$4,984,402$0$0$2,286,556
92$5,345,083$0$0$2,455,095
93$5,737,898$0$0$2,638,786
94$6,165,981$0$0$2,839,112
95$6,632,778$0$0$3,057,703
96$7,142,080$0$0$3,296,354
97$7,698,063$0$0$3,557,040
98$8,305,322$0$0$3,841,937
99$8,968,917$0$0$4,153,439
100$9,694,416$0$0$4,494,182