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%16.3%
1 years$67,880$67,275$66,685$66,110$65,547$63,859
2 years$33,604$32,978$32,372$31,783$31,213$29,523
3 years$22,180$21,552$20,947$20,364$19,803$18,165
4 years$16,469$15,843$15,244$14,671$14,124$12,549
5 years$13,044$12,421$11,830$11,269$10,737$9,231
6 years$10,761$10,143$9,560$9,012$8,495$7,060
7 years$9,131$8,518$7,945$7,409$6,909$5,543
8 years$7,909$7,301$6,738$6,215$5,732$4,435
9 years$6,959$6,357$5,803$5,294$4,827$3,599
10 years$6,199$5,603$5,059$4,564$4,113$2,951
11 years$5,578$4,988$4,454$3,972$3,537$2,441
12 years$5,061$4,477$3,953$3,484$3,065$2,032
13 years$4,624$4,046$3,532$3,076$2,673$1,701
14 years$4,249$3,678$3,173$2,730$2,343$1,429
15 years$3,925$3,360$2,865$2,435$2,063$1,206
16 years$3,642$3,083$2,598$2,180$1,823$1,020
17 years$3,392$2,839$2,364$1,959$1,617$865
18 years$3,170$2,623$2,158$1,765$1,437$736
19 years$2,972$2,431$1,975$1,595$1,281$626
20 years$2,794$2,259$1,813$1,445$1,144$534
21 years$2,633$2,104$1,667$1,311$1,024$456
22 years$2,487$1,964$1,537$1,192$918$390
23 years$2,353$1,837$1,419$1,086$824$333
24 years$2,231$1,721$1,312$990$741$285
25 years$2,119$1,615$1,215$904$666$244
26 years$2,016$1,518$1,127$827$600$209
27 years$1,921$1,429$1,047$757$541$180
28 years$1,832$1,346$973$693$488$154
29 years$1,750$1,270$906$636$441$132
30 years$1,673$1,200$843$584$398$113
31 years$1,602$1,134$786$536$360$97
32 years$1,535$1,073$734$493$326$84
33 years$1,472$1,016$685$453$295$72
34 years$1,413$963$640$417$267$62
35 years$1,358$913$598$384$242$53
36 years$1,306$867$560$353$219$46
37 years$1,256$823$524$326$199$39
38 years$1,210$783$491$300$180$34
39 years$1,166$744$460$277$163$29
40 years$1,124$708$431$255$148$25
41 years$1,084$674$404$235$134$21
42 years$1,047$642$379$217$122$18
43 years$1,011$612$356$201$111$16
44 years$977$583$334$185$100$14
45 years$944$556$313$171$91$12
46 years$913$530$294$158$83$10
47 years$884$506$277$146$75$9
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 $2,339 every year, while hoping to spend $21,017 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: 83/8/9 Blend
58$822,000$822,000$822,000$822,000
59$908,257$864,691$851,950$982,334
60$978,537$884,699$858,128$1,051,140
61$1,055,281$904,983$863,809$1,123,630
62$1,139,127$925,534$868,954$1,202,590
63$1,230,776$946,342$873,521$1,288,657
64$1,330,999$967,398$877,469$1,382,532
65$1,440,648$988,687$880,751$1,484,989
66$1,560,659$1,010,198$883,321$1,596,877
67$1,692,062$1,031,913$885,128$1,719,135
68$1,835,994$1,053,818$886,121$1,852,794
69$1,993,703$1,075,893$886,244$1,998,991
70$2,166,568$1,098,119$885,440$2,158,979
71$2,356,104$1,120,473$883,649$2,334,138
72$2,563,982$1,142,932$880,806$2,525,987
73$2,792,042$1,165,469$876,847$2,736,200
74$3,042,310$1,188,056$871,701$2,966,624
75$3,317,017$1,210,663$865,295$3,219,289
76$3,618,623$1,233,256$857,552$3,496,434
77$3,949,836$1,255,799$848,394$3,800,527
78$4,313,639$1,278,253$837,735$4,134,286
79$4,713,319$1,300,576$825,488$4,500,704
80$5,152,497$1,322,724$811,561$4,903,082
81$5,635,161$1,344,646$795,857$5,345,054
82$6,165,706$1,366,292$778,277$5,830,627
83$6,748,972$1,387,605$758,714$6,364,215
84$7,390,295$1,408,525$737,058$6,950,679
85$8,095,549$1,428,987$713,194$7,595,381
86$8,871,210$1,448,922$687,000$8,304,223
87$9,724,411$1,468,257$658,352$9,083,714
88$10,663,010$1,486,911$627,117$9,941,023
89$11,695,668$1,504,801$593,156$10,884,050
90$12,831,926$1,521,835$556,326$11,921,502
91$14,082,296$1,537,919$516,477$13,062,972
92$15,458,361$1,552,948$473,450$14,319,032
93$16,972,885$1,566,813$427,082$15,701,331
94$18,639,930$1,579,398$377,199$17,222,706
95$20,474,992$1,590,577$323,624$18,897,304
96$22,495,144$1,600,218$266,169$20,740,712
97$24,719,200$1,608,181$204,637$22,770,109
98$27,167,891$1,614,314$138,825$25,004,425
99$29,864,060$1,618,459$68,519$27,464,521
100$32,832,876$1,620,446$0$30,173,383