Can I retire at age 59 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$67,880$67,275$66,685$66,110$65,547$63,146
2 years$33,604$32,978$32,372$31,783$31,213$28,821
3 years$22,180$21,552$20,947$20,364$19,803$17,495
4 years$16,469$15,843$15,244$14,671$14,124$11,917
5 years$13,044$12,421$11,830$11,269$10,737$8,637
6 years$10,761$10,143$9,560$9,012$8,495$6,505
7 years$9,131$8,518$7,945$7,409$6,909$5,027
8 years$7,909$7,301$6,738$6,215$5,732$3,956
9 years$6,959$6,357$5,803$5,294$4,827$3,156
10 years$6,199$5,603$5,059$4,564$4,113$2,543
11 years$5,578$4,988$4,454$3,972$3,537$2,065
12 years$5,061$4,477$3,953$3,484$3,065$1,688
13 years$4,624$4,046$3,532$3,076$2,673$1,386
14 years$4,249$3,678$3,173$2,730$2,343$1,143
15 years$3,925$3,360$2,865$2,435$2,063$945
16 years$3,642$3,083$2,598$2,180$1,823$784
17 years$3,392$2,839$2,364$1,959$1,617$651
18 years$3,170$2,623$2,158$1,765$1,437$542
19 years$2,972$2,431$1,975$1,595$1,281$452
20 years$2,794$2,259$1,813$1,445$1,144$377
21 years$2,633$2,104$1,667$1,311$1,024$315
22 years$2,487$1,964$1,537$1,192$918$263
23 years$2,353$1,837$1,419$1,086$824$220
24 years$2,231$1,721$1,312$990$741$185
25 years$2,119$1,615$1,215$904$666$155
26 years$2,016$1,518$1,127$827$600$130
27 years$1,921$1,429$1,047$757$541$109
28 years$1,832$1,346$973$693$488$91
29 years$1,750$1,270$906$636$441$76
30 years$1,673$1,200$843$584$398$64
31 years$1,602$1,134$786$536$360$54
32 years$1,535$1,073$734$493$326$45
33 years$1,472$1,016$685$453$295$38
34 years$1,413$963$640$417$267$32
35 years$1,358$913$598$384$242$27
36 years$1,306$867$560$353$219$22
37 years$1,256$823$524$326$199$19
38 years$1,210$783$491$300$180$16
39 years$1,166$744$460$277$163$13
40 years$1,124$708$431$255$148$11
41 years$1,084$674$404$235$134$9
42 years$1,047$642$379$217$122$8
43 years$1,011$612$356$201$111$7
44 years$977$583$334$185$100$6
45 years$944$556$313$171$91$5
46 years$913$530$294$158$83$4
47 years$884$506$277$146$75$3
48 years$855$483$260$135$68$3
49 years$828$461$244$125$62$2
50 years$803$441$230$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $822,000, adding $3,458 every year, while hoping to spend $24,745 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: 50/34/16 Blend
58$822,000$822,000$822,000$822,000
59$909,411$865,845$853,104$950,706
60$975,842$881,943$855,354$995,607
61$1,048,220$898,000$856,851$1,041,522
62$1,127,126$913,989$857,542$1,090,878
63$1,213,197$929,879$857,374$1,144,007
64$1,307,137$945,637$856,290$1,201,276
65$1,409,720$961,228$854,231$1,263,088
66$1,521,798$976,615$851,135$1,329,890
67$1,644,309$991,757$846,935$1,402,172
68$1,778,286$1,006,610$841,565$1,480,478
69$1,924,866$1,021,129$834,952$1,565,406
70$2,085,300$1,035,262$827,021$1,657,615
71$2,260,968$1,048,957$817,693$1,757,832
72$2,453,387$1,062,156$806,886$1,866,861
73$2,664,230$1,074,799$794,514$1,985,587
74$2,895,337$1,086,821$780,487$2,114,985
75$3,148,738$1,098,151$764,709$2,256,134
76$3,426,664$1,108,715$747,082$2,410,221
77$3,731,577$1,118,435$727,502$2,578,557
78$4,066,186$1,127,227$705,861$2,762,586
79$4,433,475$1,134,999$682,046$2,963,902
80$4,836,733$1,141,658$655,938$3,184,264
81$5,279,581$1,147,100$627,413$3,425,610
82$5,766,009$1,151,219$596,342$3,690,079
83$6,300,412$1,153,898$562,590$3,980,029
84$6,887,631$1,155,017$526,014$4,298,061
85$7,533,001$1,154,444$486,467$4,647,044
86$8,242,398$1,152,042$443,794$5,030,140
87$9,022,295$1,147,666$397,834$5,450,839
88$9,879,827$1,141,158$348,419$5,912,986
89$10,822,850$1,132,356$295,372$6,420,825
90$11,860,022$1,121,083$238,509$6,979,032
91$13,000,884$1,107,156$177,638$7,592,767
92$14,255,944$1,090,376$112,559$8,267,718
93$15,636,783$1,070,537$43,062$9,010,156
94$17,156,160$1,047,418$0$9,826,997
95$18,828,132$1,020,786$0$10,731,176
96$20,668,190$990,393$0$11,733,981
97$22,693,401$955,978$0$12,837,364
98$24,922,570$917,263$0$14,051,587
99$27,376,420$873,957$0$15,387,964
100$30,077,783$825,749$0$16,858,964