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%18%
1 years$67,715$67,112$66,523$65,949$65,388$63,270
2 years$33,522$32,898$32,293$31,706$31,137$29,023
3 years$22,126$21,499$20,896$20,314$19,755$17,711
4 years$16,429$15,804$15,207$14,635$14,089$12,131
5 years$13,012$12,391$11,801$11,241$10,710$8,844
6 years$10,735$10,118$9,537$8,990$8,475$6,701
7 years$9,108$8,497$7,925$7,391$6,892$5,211
8 years$7,889$7,283$6,721$6,200$5,718$4,128
9 years$6,942$6,342$5,789$5,281$4,815$3,315
10 years$6,184$5,590$5,047$4,552$4,103$2,690
11 years$5,565$4,976$4,443$3,962$3,529$2,200
12 years$5,049$4,466$3,943$3,475$3,058$1,811
13 years$4,613$4,036$3,523$3,068$2,666$1,499
14 years$4,239$3,669$3,165$2,723$2,337$1,245
15 years$3,916$3,352$2,858$2,429$2,058$1,038
16 years$3,633$3,075$2,591$2,175$1,819$867
17 years$3,384$2,832$2,358$1,954$1,613$727
18 years$3,162$2,617$2,152$1,761$1,434$610
19 years$2,965$2,425$1,970$1,591$1,278$513
20 years$2,787$2,254$1,808$1,441$1,142$431
21 years$2,626$2,099$1,663$1,308$1,022$364
22 years$2,480$1,960$1,533$1,189$916$307
23 years$2,348$1,833$1,416$1,083$822$259
24 years$2,226$1,717$1,309$988$739$219
25 years$2,114$1,611$1,212$902$665$185
26 years$2,011$1,515$1,125$825$599$156
27 years$1,916$1,425$1,044$755$540$132
28 years$1,828$1,343$971$692$487$112
29 years$1,746$1,267$903$634$440$95
30 years$1,669$1,197$841$582$398$80
31 years$1,598$1,131$784$535$359$68
32 years$1,531$1,070$732$491$325$57
33 years$1,468$1,014$683$452$294$49
34 years$1,410$961$639$416$266$41
35 years$1,354$911$597$383$241$35
36 years$1,302$865$558$352$219$30
37 years$1,253$821$523$325$198$25
38 years$1,207$781$489$299$180$21
39 years$1,163$742$459$276$163$18
40 years$1,121$706$430$255$148$15
41 years$1,082$672$403$235$134$13
42 years$1,044$640$378$217$122$11
43 years$1,008$610$355$200$110$9
44 years$974$581$333$185$100$8
45 years$942$555$313$171$91$7
46 years$911$529$294$158$83$6
47 years$882$505$276$146$75$5
48 years$853$482$259$135$68$4
49 years$826$460$244$124$62$3
50 years$801$440$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $820,000, adding $2,852 every year, while hoping to spend $32,624 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: 52/26/22 Blend
58$820,000$820,000$820,000$820,000
59$906,582$863,122$850,412$948,058
60$964,342$870,703$844,189$984,564
61$1,026,899$877,562$836,664$1,020,652
62$1,094,710$883,630$827,759$1,059,223
63$1,168,274$888,832$817,393$1,100,525
64$1,248,142$893,088$805,479$1,144,832
65$1,334,918$896,315$791,929$1,192,448
66$1,429,268$898,423$776,647$1,243,709
67$1,531,926$899,318$759,537$1,298,985
68$1,643,696$898,898$740,495$1,358,689
69$1,765,464$897,056$719,413$1,423,275
70$1,898,208$893,678$696,180$1,493,244
71$2,043,001$888,644$670,678$1,569,154
72$2,201,025$881,825$642,783$1,651,618
73$2,373,581$873,086$612,368$1,741,316
74$2,562,101$862,282$579,297$1,838,999
75$2,768,162$849,261$543,430$1,945,498
76$2,993,500$833,860$504,621$2,061,729
77$3,240,027$815,909$462,715$2,188,706
78$3,509,847$795,226$417,553$2,327,549
79$3,805,278$771,618$368,968$2,479,497
80$4,128,871$744,883$316,784$2,645,916
81$4,483,439$714,805$260,818$2,828,318
82$4,872,074$681,155$200,880$3,028,369
83$5,298,188$643,693$136,772$3,247,914
84$5,765,533$602,165$68,284$3,488,986
85$6,278,246$556,299$0$3,753,833
86$6,840,881$505,812$0$4,046,064
87$7,458,457$450,403$0$4,384,469
88$8,136,499$389,752$0$4,756,083
89$8,881,095$323,523$0$5,164,301
90$9,698,953$251,361$0$5,612,871
91$10,597,459$172,892$0$6,105,921
92$11,584,754$87,717$0$6,648,009
93$12,669,802$0$0$7,244,157
94$13,862,483$0$0$7,901,215
95$15,173,679$0$0$8,651,243
96$16,615,379$0$0$9,476,012
97$18,200,793$0$0$10,383,092
98$19,944,474$0$0$11,380,821
99$21,862,458$0$0$12,478,385
100$23,972,411$0$0$13,685,908