Can I retire at age 59 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$67,632$67,030$66,442$65,868$65,308$64,788
2 years$33,481$32,858$32,253$31,667$31,099$30,575
3 years$22,099$21,473$20,870$20,290$19,731$19,218
4 years$16,409$15,785$15,188$14,618$14,072$13,576
5 years$12,996$12,376$11,787$11,228$10,697$10,219
6 years$10,721$10,106$9,525$8,979$8,464$8,004
7 years$9,097$8,487$7,916$7,382$6,884$6,441
8 years$7,880$7,275$6,713$6,193$5,711$5,287
9 years$6,933$6,334$5,782$5,275$4,809$4,403
10 years$6,177$5,583$5,041$4,547$4,098$3,710
11 years$5,558$4,970$4,438$3,957$3,524$3,154
12 years$5,043$4,461$3,938$3,471$3,054$2,701
13 years$4,607$4,031$3,519$3,064$2,663$2,327
14 years$4,234$3,664$3,162$2,720$2,335$2,015
15 years$3,911$3,348$2,855$2,426$2,055$1,752
16 years$3,628$3,071$2,588$2,172$1,817$1,529
17 years$3,380$2,829$2,355$1,952$1,611$1,338
18 years$3,159$2,614$2,150$1,759$1,432$1,174
19 years$2,961$2,422$1,968$1,589$1,277$1,032
20 years$2,784$2,251$1,806$1,439$1,140$910
21 years$2,623$2,097$1,661$1,306$1,020$803
22 years$2,477$1,957$1,531$1,188$915$710
23 years$2,345$1,831$1,414$1,082$821$628
24 years$2,223$1,715$1,308$987$738$556
25 years$2,112$1,610$1,211$901$664$493
26 years$2,009$1,513$1,123$824$598$438
27 years$1,914$1,424$1,043$754$539$389
28 years$1,825$1,341$970$691$487$346
29 years$1,743$1,266$902$634$439$308
30 years$1,667$1,195$840$581$397$274
31 years$1,596$1,130$783$534$359$244
32 years$1,529$1,069$731$491$325$217
33 years$1,467$1,012$683$451$294$193
34 years$1,408$960$638$415$266$172
35 years$1,353$910$596$382$241$154
36 years$1,301$864$558$352$218$137
37 years$1,252$820$522$324$198$122
38 years$1,205$780$489$299$179$109
39 years$1,161$741$458$276$163$97
40 years$1,120$705$429$254$148$87
41 years$1,080$671$403$235$134$78
42 years$1,043$639$378$216$121$69
43 years$1,007$609$354$200$110$62
44 years$973$581$333$185$100$55
45 years$941$554$312$170$91$49
46 years$910$528$293$157$82$44
47 years$880$504$276$145$75$39
48 years$852$481$259$134$68$35
49 years$825$460$243$124$62$31
50 years$800$439$229$115$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $819,000, adding $3,247 every year, while hoping to spend $59,048 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: 61/27/12 Blend
58$819,000$819,000$819,000$819,000
59$905,887$862,480$849,786$958,360
60$935,461$841,915$815,427$973,413
61$966,073$818,363$777,938$982,828
62$997,765$791,616$737,152$991,661
63$1,030,584$761,453$692,894$999,858
64$1,064,579$727,639$644,981$1,007,363
65$1,099,801$689,928$593,223$1,014,118
66$1,136,305$648,059$537,420$1,020,061
67$1,174,148$601,754$477,363$1,025,126
68$1,213,392$550,721$412,836$1,029,246
69$1,254,103$494,651$343,611$1,032,348
70$1,296,350$433,217$269,450$1,034,358
71$1,340,207$366,075$190,107$1,035,197
72$1,385,755$292,859$105,322$1,034,784
73$1,433,077$213,184$14,825$1,033,034
74$1,482,264$126,643$0$1,029,856
75$1,533,413$32,806$0$1,035,625
76$1,586,627$0$0$1,042,485
77$1,642,020$0$0$1,068,908
78$1,699,709$0$0$1,106,589
79$1,759,824$0$0$1,145,866
80$1,822,503$0$0$1,186,830
81$1,887,895$0$0$1,229,582
82$1,956,161$0$0$1,274,228
83$2,027,476$0$0$1,320,884
84$2,102,025$0$0$1,369,674
85$2,180,013$0$0$1,420,733
86$2,261,658$0$0$1,474,208
87$2,347,199$0$0$1,530,257
88$2,436,892$0$0$1,589,052
89$2,531,018$0$0$1,650,780
90$2,629,880$0$0$1,715,642
91$2,733,808$0$0$1,783,860
92$2,843,161$0$0$1,855,672
93$2,958,329$0$0$1,931,340
94$3,079,736$0$0$2,011,147
95$3,207,846$0$0$2,095,403
96$3,343,163$0$0$2,184,446
97$3,486,239$0$0$2,278,643
98$3,637,673$0$0$2,378,397
99$3,798,123$0$0$2,484,146
100$3,968,305$0$0$2,596,371