Can I retire at age 59 with 821,000?

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 $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%12.5%
1 years$67,797$67,194$66,604$66,029$65,468$64,784
2 years$33,563$32,938$32,332$31,745$31,175$30,487
3 years$22,153$21,525$20,921$20,339$19,779$19,107
4 years$16,449$15,823$15,225$14,653$14,106$13,456
5 years$13,028$12,406$11,815$11,255$10,723$10,097
6 years$10,748$10,130$9,549$9,001$8,485$7,883
7 years$9,120$8,507$7,935$7,400$6,901$6,323
8 years$7,899$7,292$6,729$6,208$5,725$5,172
9 years$6,950$6,349$5,796$5,288$4,821$4,293
10 years$6,192$5,597$5,053$4,558$4,108$3,603
11 years$5,571$4,982$4,449$3,967$3,533$3,052
12 years$5,055$4,472$3,948$3,479$3,061$2,604
13 years$4,618$4,041$3,527$3,072$2,670$2,235
14 years$4,244$3,673$3,169$2,727$2,340$1,927
15 years$3,920$3,356$2,862$2,432$2,061$1,669
16 years$3,637$3,079$2,594$2,177$1,821$1,450
17 years$3,388$2,835$2,361$1,956$1,615$1,264
18 years$3,166$2,620$2,155$1,763$1,436$1,104
19 years$2,968$2,428$1,973$1,593$1,280$967
20 years$2,790$2,256$1,811$1,443$1,143$848
21 years$2,630$2,102$1,665$1,310$1,023$745
22 years$2,484$1,962$1,535$1,191$917$656
23 years$2,350$1,835$1,417$1,084$823$578
24 years$2,229$1,719$1,311$989$740$510
25 years$2,117$1,613$1,214$903$666$450
26 years$2,014$1,516$1,126$826$600$397
27 years$1,918$1,427$1,045$756$541$351
28 years$1,830$1,345$972$693$488$311
29 years$1,748$1,269$904$635$440$275
30 years$1,671$1,198$842$583$398$244
31 years$1,600$1,133$785$535$360$216
32 years$1,533$1,072$733$492$325$191
33 years$1,470$1,015$684$452$295$170
34 years$1,411$962$639$416$267$150
35 years$1,356$912$598$383$242$133
36 years$1,304$866$559$353$219$118
37 years$1,255$822$523$325$198$105
38 years$1,208$782$490$300$180$93
39 years$1,164$743$459$276$163$83
40 years$1,122$707$430$255$148$73
41 years$1,083$673$404$235$134$65
42 years$1,045$641$379$217$122$58
43 years$1,009$611$355$200$111$51
44 years$975$582$333$185$100$46
45 years$943$555$313$171$91$41
46 years$912$530$294$158$83$36
47 years$883$505$276$146$75$32
48 years$854$482$260$135$68$28
49 years$827$461$244$125$62$25
50 years$802$440$229$115$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $821,000, adding $2,025 every year, while hoping to spend $27,163 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: 35/35/30 Blend
58$821,000$821,000$821,000$821,000
59$906,831$863,318$850,592$930,327
60$970,426$876,719$850,186$961,599
61$1,039,598$889,867$848,856$992,750
62$1,114,887$902,720$846,542$1,025,850
63$1,196,886$915,233$843,181$1,061,090
64$1,286,249$927,361$838,709$1,098,687
65$1,383,698$939,053$833,057$1,138,878
66$1,490,023$950,254$826,152$1,181,926
67$1,606,096$960,908$817,920$1,228,123
68$1,732,878$970,953$808,280$1,277,793
69$1,871,425$980,323$797,151$1,331,294
70$2,022,900$988,948$784,445$1,389,021
71$2,188,584$996,755$770,072$1,451,414
72$2,369,888$1,003,664$753,938$1,518,957
73$2,568,364$1,009,591$735,942$1,592,188
74$2,785,721$1,014,445$715,980$1,671,702
75$3,023,844$1,018,132$693,945$1,758,156
76$3,284,805$1,020,550$669,721$1,852,277
77$3,570,890$1,021,591$643,191$1,954,871
78$3,884,612$1,021,141$614,230$2,066,826
79$4,228,743$1,019,077$582,707$2,189,126
80$4,606,335$1,015,272$548,487$2,322,859
81$5,020,748$1,009,587$511,429$2,469,227
82$5,475,685$1,001,877$471,382$2,629,559
83$5,975,224$991,989$428,193$2,805,324
84$6,523,858$979,758$381,699$2,998,143
85$7,126,537$965,011$331,731$3,209,810
86$7,788,712$947,565$278,112$3,442,305
87$8,516,391$927,225$220,658$3,697,818
88$9,316,188$903,785$159,177$3,978,764
89$10,195,396$877,027$93,466$4,287,813
90$11,162,045$846,720$23,315$4,627,913
91$12,224,984$812,620$0$5,002,319
92$13,393,962$774,468$0$5,431,126
93$14,679,719$731,990$0$5,910,840
94$16,094,090$684,897$0$6,438,447
95$17,650,114$632,884$0$7,018,863
96$19,362,157$575,626$0$7,657,509
97$21,246,047$512,782$0$8,360,365
98$23,319,226$443,991$0$9,134,025
99$25,600,911$368,870$0$9,985,759
100$28,112,277$287,017$0$10,923,586