Can I retire at age 59 with 822,000?

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 $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%16.5%
1 years$67,880$67,275$66,685$66,110$65,547$63,808
2 years$33,604$32,978$32,372$31,783$31,213$29,472
3 years$22,180$21,552$20,947$20,364$19,803$18,116
4 years$16,469$15,843$15,244$14,671$14,124$12,503
5 years$13,044$12,421$11,830$11,269$10,737$9,187
6 years$10,761$10,143$9,560$9,012$8,495$7,018
7 years$9,131$8,518$7,945$7,409$6,909$5,505
8 years$7,909$7,301$6,738$6,215$5,732$4,399
9 years$6,959$6,357$5,803$5,294$4,827$3,565
10 years$6,199$5,603$5,059$4,564$4,113$2,920
11 years$5,578$4,988$4,454$3,972$3,537$2,412
12 years$5,061$4,477$3,953$3,484$3,065$2,005
13 years$4,624$4,046$3,532$3,076$2,673$1,676
14 years$4,249$3,678$3,173$2,730$2,343$1,407
15 years$3,925$3,360$2,865$2,435$2,063$1,185
16 years$3,642$3,083$2,598$2,180$1,823$1,001
17 years$3,392$2,839$2,364$1,959$1,617$848
18 years$3,170$2,623$2,158$1,765$1,437$720
19 years$2,972$2,431$1,975$1,595$1,281$612
20 years$2,794$2,259$1,813$1,445$1,144$521
21 years$2,633$2,104$1,667$1,311$1,024$444
22 years$2,487$1,964$1,537$1,192$918$379
23 years$2,353$1,837$1,419$1,086$824$324
24 years$2,231$1,721$1,312$990$741$277
25 years$2,119$1,615$1,215$904$666$237
26 years$2,016$1,518$1,127$827$600$202
27 years$1,921$1,429$1,047$757$541$173
28 years$1,832$1,346$973$693$488$148
29 years$1,750$1,270$906$636$441$127
30 years$1,673$1,200$843$584$398$109
31 years$1,602$1,134$786$536$360$93
32 years$1,535$1,073$734$493$326$80
33 years$1,472$1,016$685$453$295$69
34 years$1,413$963$640$417$267$59
35 years$1,358$913$598$384$242$50
36 years$1,306$867$560$353$219$43
37 years$1,256$823$524$326$199$37
38 years$1,210$783$491$300$180$32
39 years$1,166$744$460$277$163$27
40 years$1,124$708$431$255$148$23
41 years$1,084$674$404$235$134$20
42 years$1,047$642$379$217$122$17
43 years$1,011$612$356$201$111$15
44 years$977$583$334$185$100$13
45 years$944$556$313$171$91$11
46 years$913$530$294$158$83$9
47 years$884$506$277$146$75$8
48 years$855$483$260$135$68$7
49 years$828$461$244$125$62$6
50 years$803$441$230$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $822,000, adding $6,705 every year, while hoping to spend $27,101 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: 55/27/18 Blend
58$822,000$822,000$822,000$822,000
59$912,760$869,194$856,453$958,211
60$977,026$882,949$856,309$1,003,726
61$1,046,940$896,470$855,252$1,049,801
62$1,123,047$909,717$853,222$1,099,375
63$1,205,951$922,646$850,158$1,152,788
64$1,296,314$935,212$845,995$1,210,417
65$1,394,866$947,365$840,664$1,272,677
66$1,502,410$959,054$834,093$1,340,027
67$1,619,829$970,220$826,208$1,412,973
68$1,748,096$980,806$816,931$1,492,073
69$1,888,282$990,746$806,179$1,577,943
70$2,041,566$999,972$793,866$1,671,261
71$2,209,247$1,008,412$779,901$1,772,779
72$2,392,754$1,015,988$764,191$1,883,322
73$2,593,661$1,022,617$746,638$2,003,803
74$2,813,701$1,028,211$727,136$2,135,228
75$3,054,782$1,032,678$705,580$2,278,708
76$3,319,008$1,035,917$681,854$2,435,468
77$3,608,693$1,037,823$655,842$2,606,859
78$3,926,386$1,038,283$627,420$2,794,372
79$4,274,897$1,037,179$596,458$2,999,652
80$4,657,319$1,034,383$562,822$3,224,512
81$5,077,059$1,029,761$526,370$3,470,953
82$5,537,870$1,023,170$486,954$3,741,183
83$6,043,887$1,014,460$444,421$4,037,636
84$6,599,664$1,003,469$398,610$4,362,997
85$7,210,218$990,027$349,352$4,720,227
86$7,881,077$973,955$296,471$5,112,593
87$8,618,328$955,060$239,785$5,543,698
88$9,428,681$933,141$179,101$6,017,514
89$10,319,525$907,984$114,220$6,538,423
90$11,299,003$879,361$44,932$7,111,256
91$12,376,084$847,033$0$7,741,342
92$13,560,652$810,745$0$8,440,129
93$14,863,595$770,228$0$9,218,096
94$16,296,911$725,198$0$10,073,795
95$17,873,818$675,355$0$11,015,153
96$19,608,880$620,379$0$12,050,906
97$21,518,144$559,936$0$13,190,684
98$23,619,291$493,670$0$14,445,104
99$25,931,804$421,205$0$15,825,867
100$28,477,148$342,144$0$17,345,871