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%18.8%
1 years$67,632$67,030$66,442$65,868$65,308$62,991
2 years$33,481$32,858$32,253$31,667$31,099$28,789
3 years$22,099$21,473$20,870$20,290$19,731$17,501
4 years$16,409$15,785$15,188$14,618$14,072$11,939
5 years$12,996$12,376$11,787$11,228$10,697$8,667
6 years$10,721$10,106$9,525$8,979$8,464$6,538
7 years$9,097$8,487$7,916$7,382$6,884$5,061
8 years$7,880$7,275$6,713$6,193$5,711$3,990
9 years$6,933$6,334$5,782$5,275$4,809$3,189
10 years$6,177$5,583$5,041$4,547$4,098$2,575
11 years$5,558$4,970$4,438$3,957$3,524$2,095
12 years$5,043$4,461$3,938$3,471$3,054$1,716
13 years$4,607$4,031$3,519$3,064$2,663$1,412
14 years$4,234$3,664$3,162$2,720$2,335$1,166
15 years$3,911$3,348$2,855$2,426$2,055$967
16 years$3,628$3,071$2,588$2,172$1,817$803
17 years$3,380$2,829$2,355$1,952$1,611$669
18 years$3,159$2,614$2,150$1,759$1,432$558
19 years$2,961$2,422$1,968$1,589$1,277$466
20 years$2,784$2,251$1,806$1,439$1,140$390
21 years$2,623$2,097$1,661$1,306$1,020$327
22 years$2,477$1,957$1,531$1,188$915$274
23 years$2,345$1,831$1,414$1,082$821$230
24 years$2,223$1,715$1,308$987$738$193
25 years$2,112$1,610$1,211$901$664$162
26 years$2,009$1,513$1,123$824$598$136
27 years$1,914$1,424$1,043$754$539$114
28 years$1,825$1,341$970$691$487$96
29 years$1,743$1,266$902$634$439$81
30 years$1,667$1,195$840$581$397$68
31 years$1,596$1,130$783$534$359$57
32 years$1,529$1,069$731$491$325$48
33 years$1,467$1,012$683$451$294$40
34 years$1,408$960$638$415$266$34
35 years$1,353$910$596$382$241$29
36 years$1,301$864$558$352$218$24
37 years$1,252$820$522$324$198$20
38 years$1,205$780$489$299$179$17
39 years$1,161$741$458$276$163$14
40 years$1,120$705$429$254$148$12
41 years$1,080$671$403$235$134$10
42 years$1,043$639$378$216$121$9
43 years$1,007$609$354$200$110$7
44 years$973$581$333$185$100$6
45 years$941$554$312$170$91$5
46 years$910$528$293$157$82$4
47 years$880$504$276$145$75$4
48 years$852$481$259$134$68$3
49 years$825$460$243$124$62$3
50 years$800$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $819,000, adding $3,167 every year, while hoping to spend $58,942 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: 58/26/16 Blend
58$819,000$819,000$819,000$819,000
59$905,805$862,398$849,703$954,419
60$935,483$841,941$815,454$967,243
61$966,213$818,507$778,083$974,466
62$998,040$791,887$737,422$980,982
63$1,031,011$761,861$693,296$986,732
64$1,065,177$728,195$645,525$991,655
65$1,100,591$690,643$593,916$995,688
66$1,137,311$648,944$538,272$998,762
67$1,175,397$602,822$478,385$1,000,807
68$1,214,914$551,986$414,036$1,001,748
69$1,255,929$496,128$345,000$1,001,508
70$1,298,516$434,920$271,040$1,000,006
71$1,342,753$368,020$191,909$997,157
72$1,388,724$295,063$107,347$992,873
73$1,436,517$215,665$17,087$987,062
74$1,486,229$129,419$0$979,627
75$1,537,962$35,899$0$983,997
76$1,591,826$0$0$990,533
77$1,647,940$0$0$1,014,957
78$1,706,430$0$0$1,051,134
79$1,767,434$0$0$1,088,879
80$1,831,099$0$0$1,128,286
81$1,897,584$0$0$1,169,456
82$1,967,062$0$0$1,212,496
83$2,039,719$0$0$1,257,525
84$2,115,754$0$0$1,304,669
85$2,195,387$0$0$1,354,067
86$2,278,853$0$0$1,405,867
87$2,366,408$0$0$1,460,232
88$2,458,330$0$0$1,517,338
89$2,554,920$0$0$1,577,376
90$2,656,506$0$0$1,640,553
91$2,763,445$0$0$1,707,097
92$2,876,124$0$0$1,777,253
93$2,994,968$0$0$1,851,289
94$3,120,436$0$0$1,929,500
95$3,253,031$0$0$2,012,204
96$3,393,302$0$0$2,099,748
97$3,541,847$0$0$2,192,515
98$3,699,321$0$0$2,290,920
99$3,866,436$0$0$2,395,418
100$4,043,976$0$0$2,506,505