Can I retire at age 59 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,963$67,357$66,767$66,190$65,627$65,268
2 years$33,645$33,018$32,411$31,822$31,251$30,889
3 years$22,207$21,578$20,972$20,389$19,827$19,473
4 years$16,489$15,862$15,262$14,689$14,141$13,797
5 years$13,060$12,436$11,844$11,283$10,750$10,418
6 years$10,774$10,155$9,572$9,023$8,506$8,186
7 years$9,142$8,528$7,954$7,418$6,917$6,610
8 years$7,918$7,310$6,746$6,223$5,739$5,444
9 years$6,967$6,365$5,810$5,300$4,833$4,550
10 years$6,207$5,610$5,065$4,569$4,118$3,847
11 years$5,585$4,994$4,460$3,976$3,541$3,283
12 years$5,067$4,483$3,958$3,488$3,069$2,822
13 years$4,629$4,051$3,536$3,079$2,676$2,441
14 years$4,255$3,682$3,177$2,733$2,346$2,122
15 years$3,930$3,364$2,868$2,438$2,066$1,852
16 years$3,646$3,086$2,601$2,183$1,826$1,623
17 years$3,396$2,842$2,367$1,961$1,619$1,426
18 years$3,174$2,626$2,160$1,767$1,439$1,257
19 years$2,976$2,434$1,978$1,597$1,283$1,110
20 years$2,797$2,262$1,815$1,446$1,146$982
21 years$2,636$2,107$1,669$1,313$1,025$871
22 years$2,490$1,967$1,539$1,194$919$773
23 years$2,356$1,839$1,421$1,087$825$687
24 years$2,234$1,723$1,314$991$742$612
25 years$2,122$1,617$1,217$905$667$545
26 years$2,018$1,520$1,129$828$601$486
27 years$1,923$1,431$1,048$758$542$434
28 years$1,834$1,348$974$694$489$387
29 years$1,752$1,272$907$637$442$346
30 years$1,675$1,201$845$584$399$310
31 years$1,604$1,135$787$537$361$277
32 years$1,537$1,074$735$493$326$248
33 years$1,474$1,017$686$454$295$222
34 years$1,415$964$641$417$267$199
35 years$1,359$915$599$384$242$178
36 years$1,307$868$560$354$219$160
37 years$1,258$824$525$326$199$143
38 years$1,211$783$491$300$180$128
39 years$1,167$745$460$277$163$115
40 years$1,125$709$431$256$148$103
41 years$1,085$675$405$236$135$93
42 years$1,048$643$379$218$122$83
43 years$1,012$612$356$201$111$75
44 years$978$584$334$185$101$67
45 years$945$557$314$171$91$60
46 years$914$531$295$158$83$54
47 years$885$507$277$146$75$48
48 years$856$484$260$135$68$44
49 years$829$462$245$125$62$39
50 years$804$441$230$115$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $823,000, adding $3,205 every year, while hoping to spend $52,166 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: 72/16/12 Blend
58$823,000$823,000$823,000$823,000
59$910,252$866,633$853,876$973,302
60$947,593$853,594$826,977$1,002,422
61$986,995$838,167$797,428$1,027,580
62$1,028,613$820,181$765,086$1,053,725
63$1,072,615$799,454$729,800$1,080,942
64$1,119,187$775,792$691,413$1,109,325
65$1,168,529$748,991$649,761$1,138,980
66$1,220,863$718,836$604,672$1,170,025
67$1,276,429$685,097$555,966$1,202,590
68$1,335,490$647,532$503,457$1,236,819
69$1,398,335$605,886$446,947$1,272,876
70$1,465,279$559,888$386,234$1,310,939
71$1,536,666$509,252$321,102$1,351,208
72$1,612,877$453,675$251,329$1,393,905
73$1,694,323$392,839$176,682$1,439,276
74$1,781,461$326,405$96,918$1,487,595
75$1,874,788$254,016$11,782$1,539,166
76$1,974,850$175,297$0$1,594,327
77$2,082,247$89,849$0$1,663,577
78$2,197,636$0$0$1,739,475
79$2,321,740$0$0$1,821,494
80$2,455,350$0$0$1,926,854
81$2,599,337$0$0$2,040,428
82$2,754,658$0$0$2,162,973
83$2,922,362$0$0$2,295,322
84$3,103,604$0$0$2,438,389
85$3,299,652$0$0$2,593,181
86$3,511,901$0$0$2,760,804
87$3,741,883$0$0$2,942,472
88$3,991,284$0$0$3,139,523
89$4,261,958$0$0$3,353,425
90$4,555,942$0$0$3,585,796
91$4,875,480$0$0$3,838,415
92$5,223,038$0$0$4,113,236
93$5,601,329$0$0$4,412,414
94$6,013,341$0$0$4,738,316
95$6,462,360$0$0$5,093,548
96$6,952,002$0$0$5,480,980
97$7,486,247$0$0$5,903,769
98$8,069,477$0$0$6,365,389
99$8,706,516$0$0$6,869,668
100$9,402,671$0$0$7,420,815