Can I retire at age 59 with 818,000?

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 $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%16.9%
1 years$67,550$66,948$66,361$65,788$65,228$63,395
2 years$33,440$32,818$32,214$31,629$31,061$29,228
3 years$22,072$21,447$20,845$20,265$19,706$17,931
4 years$16,389$15,766$15,170$14,600$14,055$12,350
5 years$12,980$12,360$11,772$11,214$10,684$9,056
6 years$10,708$10,093$9,514$8,968$8,454$6,903
7 years$9,086$8,476$7,906$7,373$6,875$5,402
8 years$7,870$7,266$6,705$6,185$5,704$4,307
9 years$6,925$6,326$5,775$5,268$4,803$3,482
10 years$6,169$5,576$5,035$4,541$4,093$2,845
11 years$5,551$4,964$4,432$3,952$3,520$2,344
12 years$5,036$4,456$3,934$3,467$3,050$1,943
13 years$4,601$4,027$3,514$3,061$2,660$1,620
14 years$4,229$3,660$3,158$2,717$2,332$1,356
15 years$3,906$3,343$2,851$2,423$2,053$1,139
16 years$3,624$3,068$2,585$2,169$1,814$960
17 years$3,375$2,825$2,352$1,949$1,609$811
18 years$3,155$2,611$2,147$1,757$1,430$686
19 years$2,957$2,419$1,966$1,587$1,275$581
20 years$2,780$2,248$1,804$1,438$1,139$493
21 years$2,620$2,094$1,659$1,305$1,019$419
22 years$2,474$1,955$1,529$1,186$914$357
23 years$2,342$1,828$1,412$1,080$820$304
24 years$2,220$1,713$1,306$985$737$259
25 years$2,109$1,608$1,210$900$663$221
26 years$2,006$1,511$1,122$823$597$188
27 years$1,911$1,422$1,042$753$539$160
28 years$1,823$1,340$968$690$486$137
29 years$1,741$1,264$901$633$439$117
30 years$1,665$1,194$839$581$397$100
31 years$1,594$1,128$783$533$359$85
32 years$1,527$1,068$730$490$324$73
33 years$1,465$1,011$682$451$293$62
34 years$1,406$958$637$415$266$53
35 years$1,351$909$596$382$241$46
36 years$1,299$863$557$352$218$39
37 years$1,250$819$521$324$198$33
38 years$1,204$779$488$299$179$28
39 years$1,160$741$457$275$162$24
40 years$1,118$705$429$254$147$21
41 years$1,079$671$402$234$134$18
42 years$1,041$639$377$216$121$15
43 years$1,006$609$354$200$110$13
44 years$972$580$332$184$100$11
45 years$940$553$312$170$91$10
46 years$909$528$293$157$82$8
47 years$879$504$275$145$75$7
48 years$851$481$259$134$68$6
49 years$824$459$243$124$62$5
50 years$799$439$229$115$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $818,000, adding $4,487 every year, while hoping to spend $35,829 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: 68/15/17 Blend
58$818,000$818,000$818,000$818,000
59$906,064$862,710$850,031$963,681
60$960,361$866,861$840,386$1,006,850
61$1,018,995$870,015$829,216$1,049,421
62$1,082,372$872,084$816,433$1,095,094
63$1,150,935$872,978$801,945$1,144,173
64$1,225,173$872,597$785,653$1,196,990
65$1,305,624$870,838$767,456$1,253,916
66$1,392,879$867,590$747,247$1,315,355
67$1,487,588$862,737$724,915$1,381,758
68$1,590,465$856,154$700,343$1,453,619
69$1,702,296$847,709$673,408$1,531,487
70$1,823,947$837,264$643,984$1,615,965
71$1,956,369$824,669$611,936$1,707,719
72$2,100,608$809,767$577,126$1,807,485
73$2,257,818$792,394$539,408$1,916,074
74$2,429,266$772,372$498,628$2,034,384
75$2,616,348$749,515$454,629$2,163,401
76$2,820,600$723,625$407,244$2,304,218
77$3,043,714$694,495$356,299$2,458,038
78$3,287,550$661,903$301,613$2,626,191
79$3,554,160$625,616$242,996$2,810,142
80$3,845,798$585,385$180,251$3,011,508
81$4,164,951$540,951$113,171$3,232,075
82$4,514,355$492,036$41,540$3,473,812
83$4,897,021$438,348$0$3,738,891
84$5,316,269$379,579$0$4,036,040
85$5,775,753$315,402$0$4,370,025
86$6,279,496$245,474$0$4,736,263
87$6,831,932$169,429$0$5,138,020
88$7,437,942$86,884$0$5,578,892
89$8,102,903$0$0$6,062,845
90$8,832,738$0$0$6,594,674
91$9,633,972$0$0$7,194,323
92$10,513,791$0$0$7,852,837
93$11,480,112$0$0$8,576,147
94$12,541,655$0$0$9,370,788
95$13,708,030$0$0$10,243,958
96$14,989,818$0$0$11,203,588
97$16,398,682$0$0$12,258,415
98$17,947,467$0$0$13,418,064
99$19,650,326$0$0$14,693,140
100$21,522,851$0$0$16,095,327