Can I retire at age 59 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$67,715$67,112$66,523$65,949$65,388$62,893
2 years$33,522$32,898$32,293$31,706$31,137$28,653
3 years$22,126$21,499$20,896$20,314$19,755$17,359
4 years$16,429$15,804$15,207$14,635$14,089$11,801
5 years$13,012$12,391$11,801$11,241$10,710$8,535
6 years$10,735$10,118$9,537$8,990$8,475$6,414
7 years$9,108$8,497$7,925$7,391$6,892$4,945
8 years$7,889$7,283$6,721$6,200$5,718$3,883
9 years$6,942$6,342$5,789$5,281$4,815$3,090
10 years$6,184$5,590$5,047$4,552$4,103$2,483
11 years$5,565$4,976$4,443$3,962$3,529$2,012
12 years$5,049$4,466$3,943$3,475$3,058$1,640
13 years$4,613$4,036$3,523$3,068$2,666$1,343
14 years$4,239$3,669$3,165$2,723$2,337$1,104
15 years$3,916$3,352$2,858$2,429$2,058$910
16 years$3,633$3,075$2,591$2,175$1,819$753
17 years$3,384$2,832$2,358$1,954$1,613$624
18 years$3,162$2,617$2,152$1,761$1,434$518
19 years$2,965$2,425$1,970$1,591$1,278$430
20 years$2,787$2,254$1,808$1,441$1,142$358
21 years$2,626$2,099$1,663$1,308$1,022$298
22 years$2,480$1,960$1,533$1,189$916$248
23 years$2,348$1,833$1,416$1,083$822$207
24 years$2,226$1,717$1,309$988$739$173
25 years$2,114$1,611$1,212$902$665$144
26 years$2,011$1,515$1,125$825$599$121
27 years$1,916$1,425$1,044$755$540$101
28 years$1,828$1,343$971$692$487$84
29 years$1,746$1,267$903$634$440$70
30 years$1,669$1,197$841$582$398$59
31 years$1,598$1,131$784$535$359$49
32 years$1,531$1,070$732$491$325$41
33 years$1,468$1,014$683$452$294$34
34 years$1,410$961$639$416$266$29
35 years$1,354$911$597$383$241$24
36 years$1,302$865$558$352$219$20
37 years$1,253$821$523$325$198$17
38 years$1,207$781$489$299$180$14
39 years$1,163$742$459$276$163$12
40 years$1,121$706$430$255$148$10
41 years$1,082$672$403$235$134$8
42 years$1,044$640$378$217$122$7
43 years$1,008$610$355$200$110$6
44 years$974$581$333$185$100$5
45 years$942$555$313$171$91$4
46 years$911$529$294$158$83$3
47 years$882$505$276$146$75$3
48 years$853$482$259$135$68$2
49 years$826$460$244$124$62$2
50 years$801$440$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 $820,000, adding $4,348 every year, while hoping to spend $44,255 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: 44/35/21 Blend
58$820,000$820,000$820,000$820,000
59$908,125$864,665$851,955$942,388
60$953,667$859,947$833,408$962,274
61$1,002,371$853,514$812,757$979,148
62$1,054,512$845,236$789,885$996,533
63$1,110,394$834,974$764,667$1,014,497
64$1,170,348$822,581$736,978$1,033,121
65$1,234,738$807,903$706,681$1,052,493
66$1,303,964$790,772$673,637$1,072,718
67$1,378,464$771,016$637,700$1,093,912
68$1,458,721$748,449$598,716$1,116,208
69$1,545,263$722,875$556,526$1,139,755
70$1,638,671$694,088$510,961$1,164,724
71$1,739,584$661,867$461,847$1,191,305
72$1,848,704$625,981$409,001$1,219,715
73$1,966,803$586,185$352,233$1,250,195
74$2,094,727$542,218$291,344$1,283,019
75$2,233,411$493,808$226,125$1,318,493
76$2,383,878$440,664$156,359$1,356,961
77$2,547,256$382,480$81,820$1,398,809
78$2,724,786$318,931$2,271$1,444,466
79$2,917,833$249,677$0$1,494,417
80$3,127,896$174,355$0$1,567,713
81$3,356,627$92,584$0$1,648,190
82$3,605,844$3,962$0$1,736,072
83$3,877,547$0$0$1,832,171
84$4,173,936$0$0$1,972,799
85$4,497,435$0$0$2,128,049
86$4,850,711$0$0$2,297,686
87$5,236,698$0$0$2,483,133
88$5,658,629$0$0$2,685,953
89$6,120,062$0$0$2,907,872
90$6,624,916$0$0$3,150,788
91$7,177,504$0$0$3,416,789
92$7,782,577$0$0$3,708,179
93$8,445,365$0$0$4,027,490
94$9,171,630$0$0$4,377,515
95$9,967,717$0$0$4,761,329
96$10,840,612$0$0$5,182,316
97$11,798,014$0$0$5,644,207
98$12,848,397$0$0$6,151,110
99$14,001,099$0$0$6,707,549
100$15,266,405$0$0$7,318,510