Can I retire at age 59 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$67,550$66,948$66,361$65,788$65,228$64,333
2 years$33,440$32,818$32,214$31,629$31,061$30,161
3 years$22,072$21,447$20,845$20,265$19,706$18,829
4 years$16,389$15,766$15,170$14,600$14,055$13,207
5 years$12,980$12,360$11,772$11,214$10,684$9,869
6 years$10,708$10,093$9,514$8,968$8,454$7,672
7 years$9,086$8,476$7,906$7,373$6,875$6,126
8 years$7,870$7,266$6,705$6,185$5,704$4,988
9 years$6,925$6,326$5,775$5,268$4,803$4,120
10 years$6,169$5,576$5,035$4,541$4,093$3,442
11 years$5,551$4,964$4,432$3,952$3,520$2,901
12 years$5,036$4,456$3,934$3,467$3,050$2,463
13 years$4,601$4,027$3,514$3,061$2,660$2,102
14 years$4,229$3,660$3,158$2,717$2,332$1,804
15 years$3,906$3,343$2,851$2,423$2,053$1,553
16 years$3,624$3,068$2,585$2,169$1,814$1,342
17 years$3,375$2,825$2,352$1,949$1,609$1,163
18 years$3,155$2,611$2,147$1,757$1,430$1,011
19 years$2,957$2,419$1,966$1,587$1,275$880
20 years$2,780$2,248$1,804$1,438$1,139$767
21 years$2,620$2,094$1,659$1,305$1,019$670
22 years$2,474$1,955$1,529$1,186$914$586
23 years$2,342$1,828$1,412$1,080$820$513
24 years$2,220$1,713$1,306$985$737$450
25 years$2,109$1,608$1,210$900$663$395
26 years$2,006$1,511$1,122$823$597$346
27 years$1,911$1,422$1,042$753$539$304
28 years$1,823$1,340$968$690$486$267
29 years$1,741$1,264$901$633$439$235
30 years$1,665$1,194$839$581$397$207
31 years$1,594$1,128$783$533$359$182
32 years$1,527$1,068$730$490$324$160
33 years$1,465$1,011$682$451$293$141
34 years$1,406$958$637$415$266$124
35 years$1,351$909$596$382$241$110
36 years$1,299$863$557$352$218$97
37 years$1,250$819$521$324$198$85
38 years$1,204$779$488$299$179$75
39 years$1,160$741$457$275$162$66
40 years$1,118$705$429$254$147$58
41 years$1,079$671$402$234$134$51
42 years$1,041$639$377$216$121$45
43 years$1,006$609$354$200$110$40
44 years$972$580$332$184$100$35
45 years$940$553$312$170$91$31
46 years$909$528$293$157$82$27
47 years$879$504$275$145$75$24
48 years$851$481$259$134$68$21
49 years$824$459$243$124$62$19
50 years$799$439$229$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $818,000, adding $2,870 every year, while hoping to spend $37,706 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: 67/21/12 Blend
58$818,000$818,000$818,000$818,000
59$904,396$861,042$848,363$962,400
60$956,526$863,115$836,665$1,003,456
61$1,012,709$864,025$823,310$1,043,587
62$1,073,319$863,676$808,205$1,086,495
63$1,138,767$861,965$791,249$1,132,449
64$1,209,503$858,783$772,338$1,181,745
65$1,286,024$854,015$751,363$1,234,710
66$1,368,874$847,538$728,210$1,291,705
67$1,458,653$839,221$702,758$1,353,130
68$1,556,019$828,926$674,884$1,419,424
69$1,661,697$816,507$644,457$1,491,075
70$1,776,484$801,810$611,339$1,568,619
71$1,901,255$784,668$575,389$1,652,651
72$2,036,975$764,909$536,457$1,743,824
73$2,184,706$742,349$494,387$1,842,864
74$2,345,613$716,791$449,016$1,950,568
75$2,520,982$688,031$400,175$2,067,818
76$2,712,227$655,849$347,685$2,195,589
77$2,920,903$620,014$291,362$2,334,955
78$3,148,722$580,282$231,010$2,487,103
79$3,397,571$536,395$166,428$2,653,343
80$3,669,524$488,079$97,404$2,835,121
81$3,966,867$435,046$23,718$3,034,034
82$4,292,114$376,991$0$3,251,843
83$4,648,037$313,590$0$3,497,525
84$5,037,684$244,504$0$3,769,892
85$5,464,416$169,372$0$4,068,304
86$5,931,930$87,815$0$4,395,408
87$6,444,300$0$0$4,754,124
88$7,006,012$0$0$5,147,802
89$7,622,007$0$0$5,601,828
90$8,297,727$0$0$6,099,926
91$9,039,166$0$0$6,646,522
92$9,852,927$0$0$7,246,489
93$10,746,282$0$0$7,905,197
94$11,727,242$0$0$8,628,559
95$12,804,633$0$0$9,423,091
96$13,988,176$0$0$10,295,969
97$15,288,581$0$0$11,255,100
98$16,717,645$0$0$12,309,193
99$18,288,368$0$0$13,467,846
100$20,015,068$0$0$14,741,629