Can I retire at age 59 with 821,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$67,797$67,194$66,604$66,029$65,468$64,865
2 years$33,563$32,938$32,332$31,745$31,175$30,568
3 years$22,153$21,525$20,921$20,339$19,779$19,186
4 years$16,449$15,823$15,225$14,653$14,106$13,532
5 years$13,028$12,406$11,815$11,255$10,723$10,170
6 years$10,748$10,130$9,549$9,001$8,485$7,953
7 years$9,120$8,507$7,935$7,400$6,901$6,390
8 years$7,899$7,292$6,729$6,208$5,725$5,235
9 years$6,950$6,349$5,796$5,288$4,821$4,353
10 years$6,192$5,597$5,053$4,558$4,108$3,661
11 years$5,571$4,982$4,449$3,967$3,533$3,106
12 years$5,055$4,472$3,948$3,479$3,061$2,655
13 years$4,618$4,041$3,527$3,072$2,670$2,283
14 years$4,244$3,673$3,169$2,727$2,340$1,973
15 years$3,920$3,356$2,862$2,432$2,061$1,712
16 years$3,637$3,079$2,594$2,177$1,821$1,491
17 years$3,388$2,835$2,361$1,956$1,615$1,302
18 years$3,166$2,620$2,155$1,763$1,436$1,140
19 years$2,968$2,428$1,973$1,593$1,280$1,000
20 years$2,790$2,256$1,811$1,443$1,143$880
21 years$2,630$2,102$1,665$1,310$1,023$775
22 years$2,484$1,962$1,535$1,191$917$683
23 years$2,350$1,835$1,417$1,084$823$603
24 years$2,229$1,719$1,311$989$740$533
25 years$2,117$1,613$1,214$903$666$472
26 years$2,014$1,516$1,126$826$600$418
27 years$1,918$1,427$1,045$756$541$370
28 years$1,830$1,345$972$693$488$328
29 years$1,748$1,269$904$635$440$291
30 years$1,671$1,198$842$583$398$259
31 years$1,600$1,133$785$535$360$230
32 years$1,533$1,072$733$492$325$204
33 years$1,470$1,015$684$452$295$181
34 years$1,411$962$639$416$267$161
35 years$1,356$912$598$383$242$143
36 years$1,304$866$559$353$219$128
37 years$1,255$822$523$325$198$113
38 years$1,208$782$490$300$180$101
39 years$1,164$743$459$276$163$90
40 years$1,122$707$430$255$148$80
41 years$1,083$673$404$235$134$71
42 years$1,045$641$379$217$122$63
43 years$1,009$611$355$200$111$56
44 years$975$582$333$185$100$50
45 years$943$555$313$171$91$45
46 years$912$530$294$158$83$40
47 years$883$505$276$146$75$36
48 years$854$482$260$135$68$32
49 years$827$461$244$125$62$28
50 years$802$440$229$115$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $821,000, adding $6,839 every year, while hoping to spend $48,247 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: 62/26/12 Blend
58$821,000$821,000$821,000$821,000
59$911,796$868,283$855,558$965,333
60$953,465$859,495$832,885$993,265
61$997,767$848,659$807,835$1,017,601
62$1,044,920$835,623$780,278$1,042,979
63$1,095,162$820,229$750,077$1,069,499
64$1,148,754$802,306$717,090$1,097,278
65$1,205,981$781,673$681,167$1,126,442
66$1,267,158$758,142$642,153$1,157,135
67$1,332,627$731,509$599,884$1,189,516
68$1,402,764$701,563$554,189$1,223,763
69$1,477,983$668,077$504,892$1,260,074
70$1,558,737$630,812$451,805$1,298,672
71$1,645,523$589,516$394,735$1,339,803
72$1,738,886$543,923$333,479$1,383,743
73$1,839,427$493,749$267,824$1,430,797
74$1,947,802$438,696$197,550$1,481,306
75$2,064,735$378,450$122,426$1,535,651
76$2,191,021$312,677$42,210$1,594,253
77$2,327,532$241,025$0$1,657,582
78$2,475,227$163,122$0$1,731,715
79$2,635,162$78,576$0$1,817,805
80$2,808,494$0$0$1,911,121
81$2,996,500$0$0$2,016,140
82$3,200,581$0$0$2,154,594
83$3,422,279$0$0$2,305,054
84$3,663,290$0$0$2,468,677
85$3,925,480$0$0$2,646,737
86$4,210,903$0$0$2,840,637
87$4,521,817$0$0$3,051,919
88$4,860,708$0$0$3,282,280
89$5,230,313$0$0$3,533,588
90$5,633,642$0$0$3,807,899
91$6,074,011$0$0$4,107,478
92$6,555,068$0$0$4,434,816
93$7,080,831$0$0$4,792,656
94$7,655,721$0$0$5,184,019
95$8,284,609$0$0$5,612,230
96$8,972,855$0$0$6,080,951
97$9,726,364$0$0$6,594,214
98$10,551,636$0$0$7,156,459
99$11,455,832$0$0$7,772,577
100$12,446,835$0$0$8,447,953