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%14.6%
1 years$67,550$66,948$66,361$65,788$65,228$63,990
2 years$33,440$32,818$32,214$31,629$31,061$29,818
3 years$22,072$21,447$20,845$20,265$19,706$18,498
4 years$16,389$15,766$15,170$14,600$14,055$12,890
5 years$12,980$12,360$11,772$11,214$10,684$9,566
6 years$10,708$10,093$9,514$8,968$8,454$7,384
7 years$9,086$8,476$7,906$7,373$6,875$5,854
8 years$7,870$7,266$6,705$6,185$5,704$4,731
9 years$6,925$6,326$5,775$5,268$4,803$3,878
10 years$6,169$5,576$5,035$4,541$4,093$3,214
11 years$5,551$4,964$4,432$3,952$3,520$2,687
12 years$5,036$4,456$3,934$3,467$3,050$2,261
13 years$4,601$4,027$3,514$3,061$2,660$1,914
14 years$4,229$3,660$3,158$2,717$2,332$1,628
15 years$3,906$3,343$2,851$2,423$2,053$1,390
16 years$3,624$3,068$2,585$2,169$1,814$1,190
17 years$3,375$2,825$2,352$1,949$1,609$1,022
18 years$3,155$2,611$2,147$1,757$1,430$879
19 years$2,957$2,419$1,966$1,587$1,275$758
20 years$2,780$2,248$1,804$1,438$1,139$655
21 years$2,620$2,094$1,659$1,305$1,019$566
22 years$2,474$1,955$1,529$1,186$914$490
23 years$2,342$1,828$1,412$1,080$820$425
24 years$2,220$1,713$1,306$985$737$369
25 years$2,109$1,608$1,210$900$663$320
26 years$2,006$1,511$1,122$823$597$278
27 years$1,911$1,422$1,042$753$539$242
28 years$1,823$1,340$968$690$486$210
29 years$1,741$1,264$901$633$439$183
30 years$1,665$1,194$839$581$397$159
31 years$1,594$1,128$783$533$359$139
32 years$1,527$1,068$730$490$324$121
33 years$1,465$1,011$682$451$293$105
34 years$1,406$958$637$415$266$92
35 years$1,351$909$596$382$241$80
36 years$1,299$863$557$352$218$70
37 years$1,250$819$521$324$198$61
38 years$1,204$779$488$299$179$53
39 years$1,160$741$457$275$162$46
40 years$1,118$705$429$254$147$40
41 years$1,079$671$402$234$134$35
42 years$1,041$639$377$216$121$31
43 years$1,006$609$354$200$110$27
44 years$972$580$332$184$100$23
45 years$940$553$312$170$91$20
46 years$909$528$293$157$82$18
47 years$879$504$275$145$75$15
48 years$851$481$259$134$68$13
49 years$824$459$243$124$62$12
50 years$799$439$229$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $818,000, adding $3,173 every year, while hoping to spend $27,105 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: 62/20/18 Blend
58$818,000$818,000$818,000$818,000
59$904,709$861,355$848,676$956,466
60$968,150$874,722$848,267$1,005,079
61$1,037,153$887,835$846,936$1,054,800
62$1,112,258$900,654$844,623$1,108,448
63$1,194,056$913,135$841,267$1,166,406
64$1,283,201$925,230$836,801$1,229,099
65$1,380,411$936,889$831,156$1,296,994
66$1,486,475$948,058$824,262$1,370,606
67$1,602,263$958,681$816,043$1,450,503
68$1,728,733$968,696$806,419$1,537,313
69$1,866,939$978,037$795,309$1,631,726
70$2,018,041$986,635$782,626$1,734,504
71$2,183,316$994,415$768,279$1,846,488
72$2,364,172$1,001,299$752,174$1,968,605
73$2,562,157$1,007,202$734,211$2,101,877
74$2,778,977$1,012,034$714,287$2,247,432
75$3,016,510$1,015,701$692,293$2,406,513
76$3,276,824$1,018,101$668,116$2,580,490
77$3,562,199$1,019,127$641,637$2,770,877
78$3,875,143$1,018,664$612,731$2,979,340
79$4,218,420$1,016,591$581,269$3,207,718
80$4,595,073$1,012,778$547,116$3,458,039
81$5,008,455$1,007,089$510,130$3,732,538
82$5,462,261$999,379$470,162$4,033,680
83$5,960,557$989,494$427,058$4,364,186
84$6,507,825$977,271$380,656$4,727,051
85$7,109,002$962,536$330,787$5,125,583
86$7,769,527$945,107$277,275$5,563,424
87$8,495,391$924,789$219,935$6,044,595
88$9,293,194$901,377$158,576$6,573,525
89$10,170,208$874,653$92,997$7,155,101
90$11,134,444$844,386$22,988$7,794,708
91$12,194,729$810,333$0$8,498,287
92$13,360,787$772,235$0$9,282,317
93$14,643,333$729,819$0$10,149,443
94$16,054,170$682,797$0$11,103,247
95$17,606,304$630,864$0$12,152,553
96$19,314,066$573,695$0$13,307,083
97$21,193,246$510,951$0$14,577,553
98$23,261,240$442,271$0$15,975,774
99$25,537,217$367,273$0$17,514,763
100$28,042,299$285,555$0$19,208,865