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%15.8%
1 years$67,797$67,194$66,604$66,029$65,468$63,911
2 years$33,563$32,938$32,332$31,745$31,175$29,616
3 years$22,153$21,525$20,921$20,339$19,779$18,266
4 years$16,449$15,823$15,225$14,653$14,106$12,651
5 years$13,028$12,406$11,815$11,255$10,723$9,330
6 years$10,748$10,130$9,549$9,001$8,485$7,155
7 years$9,120$8,507$7,935$7,400$6,901$5,634
8 years$7,899$7,292$6,729$6,208$5,725$4,521
9 years$6,950$6,349$5,796$5,288$4,821$3,680
10 years$6,192$5,597$5,053$4,558$4,108$3,027
11 years$5,571$4,982$4,449$3,967$3,533$2,511
12 years$5,055$4,472$3,948$3,479$3,061$2,097
13 years$4,618$4,041$3,527$3,072$2,670$1,761
14 years$4,244$3,673$3,169$2,727$2,340$1,486
15 years$3,920$3,356$2,862$2,432$2,061$1,258
16 years$3,637$3,079$2,594$2,177$1,821$1,068
17 years$3,388$2,835$2,361$1,956$1,615$909
18 years$3,166$2,620$2,155$1,763$1,436$776
19 years$2,968$2,428$1,973$1,593$1,280$663
20 years$2,790$2,256$1,811$1,443$1,143$567
21 years$2,630$2,102$1,665$1,310$1,023$486
22 years$2,484$1,962$1,535$1,191$917$417
23 years$2,350$1,835$1,417$1,084$823$358
24 years$2,229$1,719$1,311$989$740$308
25 years$2,117$1,613$1,214$903$666$265
26 years$2,014$1,516$1,126$826$600$228
27 years$1,918$1,427$1,045$756$541$196
28 years$1,830$1,345$972$693$488$169
29 years$1,748$1,269$904$635$440$146
30 years$1,671$1,198$842$583$398$125
31 years$1,600$1,133$785$535$360$108
32 years$1,533$1,072$733$492$325$93
33 years$1,470$1,015$684$452$295$80
34 years$1,411$962$639$416$267$69
35 years$1,356$912$598$383$242$60
36 years$1,304$866$559$353$219$52
37 years$1,255$822$523$325$198$45
38 years$1,208$782$490$300$180$38
39 years$1,164$743$459$276$163$33
40 years$1,122$707$430$255$148$29
41 years$1,083$673$404$235$134$25
42 years$1,045$641$379$217$122$21
43 years$1,009$611$355$200$111$18
44 years$975$582$333$185$100$16
45 years$943$555$313$171$91$14
46 years$912$530$294$158$83$12
47 years$883$505$276$146$75$10
48 years$854$482$260$135$68$9
49 years$827$461$244$125$62$8
50 years$802$440$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $821,000, adding $2,249 every year, while hoping to spend $41,421 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: 76/19/5 Blend
58$821,000$821,000$821,000$821,000
59$907,062$863,549$850,823$975,557
60$955,511$861,791$835,254$1,019,085
61$1,007,513$858,559$817,775$1,061,213
62$1,063,387$853,737$798,279$1,106,167
63$1,123,484$847,201$776,652$1,154,210
64$1,188,186$838,821$752,778$1,205,631
65$1,257,917$828,459$726,532$1,260,749
66$1,333,140$815,968$697,785$1,319,918
67$1,414,362$801,193$666,403$1,383,525
68$1,502,145$783,969$632,245$1,451,999
69$1,597,102$764,122$595,164$1,525,814
70$1,699,910$741,467$555,005$1,605,489
71$1,811,311$715,809$511,608$1,691,601
72$1,932,122$686,941$464,805$1,784,783
73$2,063,241$654,645$414,419$1,885,736
74$2,205,658$618,688$360,267$1,995,231
75$2,360,457$578,826$302,159$2,114,121
76$2,528,836$534,801$239,893$2,243,345
77$2,712,109$486,338$173,261$2,383,939
78$2,911,724$433,148$102,045$2,537,047
79$3,129,273$374,926$26,017$2,703,931
80$3,366,510$311,348$0$2,885,982
81$3,625,364$242,074$0$3,087,675
82$3,907,957$166,742$0$3,309,437
83$4,216,629$84,973$0$3,551,760
84$4,553,953$0$0$3,816,719
85$4,922,761$0$0$4,107,362
86$5,326,173$0$0$4,444,738
87$5,767,624$0$0$4,813,957
88$6,250,895$0$0$5,218,185
89$6,780,152$0$0$5,660,911
90$7,359,981$0$0$6,145,974
91$7,995,431$0$0$6,677,605
92$8,692,068$0$0$7,260,462
93$9,456,015$0$0$7,899,675
94$10,294,022$0$0$8,600,895
95$11,213,521$0$0$9,370,346
96$12,222,698$0$0$10,214,884
97$13,330,571$0$0$11,142,061
98$14,547,074$0$0$12,160,196
99$15,883,149$0$0$13,278,452
100$17,350,850$0$0$14,506,925