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%20%
1 years$67,632$67,030$66,442$65,868$65,308$62,692
2 years$33,481$32,858$32,253$31,667$31,099$28,496
3 years$22,099$21,473$20,870$20,290$19,731$17,223
4 years$16,409$15,785$15,188$14,618$14,072$11,679
5 years$12,996$12,376$11,787$11,228$10,697$8,425
6 years$10,721$10,106$9,525$8,979$8,464$6,313
7 years$9,097$8,487$7,916$7,382$6,884$4,854
8 years$7,880$7,275$6,713$6,193$5,711$3,800
9 years$6,933$6,334$5,782$5,275$4,809$3,014
10 years$6,177$5,583$5,041$4,547$4,098$2,415
11 years$5,558$4,970$4,438$3,957$3,524$1,950
12 years$5,043$4,461$3,938$3,471$3,054$1,584
13 years$4,607$4,031$3,519$3,064$2,663$1,293
14 years$4,234$3,664$3,162$2,720$2,335$1,059
15 years$3,911$3,348$2,855$2,426$2,055$870
16 years$3,628$3,071$2,588$2,172$1,817$717
17 years$3,380$2,829$2,355$1,952$1,611$592
18 years$3,159$2,614$2,150$1,759$1,432$489
19 years$2,961$2,422$1,968$1,589$1,277$405
20 years$2,784$2,251$1,806$1,439$1,140$336
21 years$2,623$2,097$1,661$1,306$1,020$279
22 years$2,477$1,957$1,531$1,188$915$231
23 years$2,345$1,831$1,414$1,082$821$192
24 years$2,223$1,715$1,308$987$738$160
25 years$2,112$1,610$1,211$901$664$133
26 years$2,009$1,513$1,123$824$598$110
27 years$1,914$1,424$1,043$754$539$92
28 years$1,825$1,341$970$691$487$77
29 years$1,743$1,266$902$634$439$64
30 years$1,667$1,195$840$581$397$53
31 years$1,596$1,130$783$534$359$44
32 years$1,529$1,069$731$491$325$37
33 years$1,467$1,012$683$451$294$31
34 years$1,408$960$638$415$266$26
35 years$1,353$910$596$382$241$21
36 years$1,301$864$558$352$218$18
37 years$1,252$820$522$324$198$15
38 years$1,205$780$489$299$179$12
39 years$1,161$741$458$276$163$10
40 years$1,120$705$429$254$148$9
41 years$1,080$671$403$235$134$7
42 years$1,043$639$378$216$121$6
43 years$1,007$609$354$200$110$5
44 years$973$581$333$185$100$4
45 years$941$554$312$170$91$3
46 years$910$528$293$157$82$3
47 years$880$504$276$145$75$2
48 years$852$481$259$134$68$2
49 years$825$460$243$124$62$2
50 years$800$439$229$115$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $819,000, adding $5,470 every year, while hoping to spend $59,990 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: 72/18/10 Blend
58$819,000$819,000$819,000$819,000
59$908,180$864,773$852,079$971,452
60$936,986$843,318$816,795$992,557
61$966,719$818,801$778,318$1,007,715
62$997,411$791,009$736,478$1,022,673
63$1,029,094$759,716$691,097$1,037,396
64$1,061,802$724,683$641,990$1,051,847
65$1,095,570$685,657$588,961$1,065,985
66$1,130,435$642,370$531,807$1,079,769
67$1,166,434$594,541$470,318$1,093,153
68$1,203,607$541,870$404,270$1,106,090
69$1,241,995$484,042$333,433$1,118,529
70$1,281,640$420,722$257,565$1,130,416
71$1,322,588$351,557$176,413$1,141,693
72$1,364,884$276,176$89,715$1,152,301
73$1,408,577$194,183$0$1,162,175
74$1,453,717$105,164$0$1,171,547
75$1,500,359$8,679$0$1,190,280
76$1,548,556$0$0$1,208,750
77$1,598,367$0$0$1,245,870
78$1,649,851$0$0$1,286,017
79$1,703,074$0$0$1,327,520
80$1,758,101$0$0$1,370,432
81$1,815,002$0$0$1,414,807
82$1,873,851$0$0$1,460,703
83$1,934,724$0$0$1,508,181
84$1,997,703$0$0$1,557,303
85$2,062,873$0$0$1,608,138
86$2,130,325$0$0$1,660,755
87$2,200,154$0$0$1,715,230
88$2,272,461$0$0$1,771,642
89$2,347,351$0$0$1,830,073
90$2,424,938$0$0$1,890,612
91$2,505,340$0$0$1,953,354
92$2,588,685$0$0$2,018,397
93$2,675,107$0$0$2,085,847
94$2,764,748$0$0$2,155,816
95$2,857,762$0$0$2,228,425
96$2,954,310$0$0$2,303,800
97$3,054,565$0$0$2,382,078
98$3,158,711$0$0$2,463,404
99$3,266,947$0$0$2,547,933
100$3,379,484$0$0$2,635,832