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%13.3%
1 years$67,963$67,357$66,767$66,190$65,627$64,727
2 years$33,645$33,018$32,411$31,822$31,251$30,345
3 years$22,207$21,578$20,972$20,389$19,827$18,944
4 years$16,489$15,862$15,262$14,689$14,141$13,288
5 years$13,060$12,436$11,844$11,283$10,750$9,929
6 years$10,774$10,155$9,572$9,023$8,506$7,718
7 years$9,142$8,528$7,954$7,418$6,917$6,164
8 years$7,918$7,310$6,746$6,223$5,739$5,018
9 years$6,967$6,365$5,810$5,300$4,833$4,146
10 years$6,207$5,610$5,065$4,569$4,118$3,463
11 years$5,585$4,994$4,460$3,976$3,541$2,919
12 years$5,067$4,483$3,958$3,488$3,069$2,478
13 years$4,629$4,051$3,536$3,079$2,676$2,115
14 years$4,255$3,682$3,177$2,733$2,346$1,815
15 years$3,930$3,364$2,868$2,438$2,066$1,563
16 years$3,646$3,086$2,601$2,183$1,826$1,351
17 years$3,396$2,842$2,367$1,961$1,619$1,171
18 years$3,174$2,626$2,160$1,767$1,439$1,017
19 years$2,976$2,434$1,978$1,597$1,283$885
20 years$2,797$2,262$1,815$1,446$1,146$772
21 years$2,636$2,107$1,669$1,313$1,025$674
22 years$2,490$1,967$1,539$1,194$919$590
23 years$2,356$1,839$1,421$1,087$825$516
24 years$2,234$1,723$1,314$991$742$453
25 years$2,122$1,617$1,217$905$667$397
26 years$2,018$1,520$1,129$828$601$348
27 years$1,923$1,431$1,048$758$542$306
28 years$1,834$1,348$974$694$489$269
29 years$1,752$1,272$907$637$442$237
30 years$1,675$1,201$845$584$399$208
31 years$1,604$1,135$787$537$361$183
32 years$1,537$1,074$735$493$326$161
33 years$1,474$1,017$686$454$295$142
34 years$1,415$964$641$417$267$125
35 years$1,359$915$599$384$242$110
36 years$1,307$868$560$354$219$97
37 years$1,258$824$525$326$199$86
38 years$1,211$783$491$300$180$76
39 years$1,167$745$460$277$163$67
40 years$1,125$709$431$256$148$59
41 years$1,085$675$405$236$135$52
42 years$1,048$643$379$218$122$46
43 years$1,012$612$356$201$111$40
44 years$978$584$334$185$101$36
45 years$945$557$314$171$91$31
46 years$914$531$295$158$83$28
47 years$885$507$277$146$75$24
48 years$856$484$260$135$68$22
49 years$829$462$245$125$62$19
50 years$804$441$230$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $823,000, adding $3,345 every year, while hoping to spend $37,098 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: 73/18/9 Blend
58$823,000$823,000$823,000$823,000
59$910,396$866,777$854,021$975,181
60$963,785$869,777$843,159$1,021,390
61$1,021,376$871,681$830,689$1,067,027
62$1,083,558$872,396$816,519$1,115,978
63$1,150,760$871,822$800,552$1,168,560
64$1,223,452$869,856$782,685$1,225,122
65$1,302,151$866,386$762,812$1,286,050
66$1,387,426$861,294$740,821$1,351,768
67$1,479,901$854,455$716,596$1,422,745
68$1,580,263$845,736$690,014$1,499,497
69$1,689,269$834,996$660,949$1,582,594
70$1,807,750$822,086$629,266$1,672,664
71$1,936,620$806,848$594,826$1,770,401
72$2,076,886$789,115$557,484$1,876,569
73$2,229,655$768,708$517,087$1,992,011
74$2,396,146$745,441$473,475$2,117,657
75$2,577,700$719,114$426,484$2,254,533
76$2,775,793$689,518$375,938$2,403,771
77$2,992,048$656,429$321,656$2,566,620
78$3,228,255$619,612$263,450$2,744,455
79$3,486,382$578,818$201,121$2,938,795
80$3,768,597$533,784$134,462$3,151,315
81$4,077,286$484,231$63,258$3,383,863
82$4,415,076$429,866$0$3,638,476
83$4,784,861$370,376$0$3,918,622
84$5,189,826$305,434$0$4,232,121
85$5,633,481$234,693$0$4,575,649
86$6,119,688$157,785$0$4,952,243
87$6,652,704$74,325$0$5,365,256
88$7,237,215$0$0$5,818,378
89$7,878,383$0$0$6,318,871
90$8,581,894$0$0$6,884,220
91$9,354,010$0$0$7,504,740
92$10,201,630$0$0$8,185,981
93$11,132,353$0$0$8,934,054
94$12,154,550$0$0$9,755,694
95$13,277,442$0$0$10,658,317
96$14,511,187$0$0$11,650,096
97$15,866,976$0$0$12,740,032
98$17,357,140$0$0$13,938,043
99$18,995,259$0$0$15,255,054
100$20,796,299$0$0$16,703,104