Can I retire at age 59 with 823,000?

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 $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%19.6%
1 years$67,963$67,357$66,767$66,190$65,627$63,098
2 years$33,645$33,018$32,411$31,822$31,251$28,733
3 years$22,207$21,578$20,972$20,389$19,827$17,400
4 years$16,489$15,862$15,262$14,689$14,141$11,822
5 years$13,060$12,436$11,844$11,283$10,750$8,546
6 years$10,774$10,155$9,572$9,023$8,506$6,419
7 years$9,142$8,528$7,954$7,418$6,917$4,946
8 years$7,918$7,310$6,746$6,223$5,739$3,881
9 years$6,967$6,365$5,810$5,300$4,833$3,086
10 years$6,207$5,610$5,065$4,569$4,118$2,479
11 years$5,585$4,994$4,460$3,976$3,541$2,007
12 years$5,067$4,483$3,958$3,488$3,069$1,635
13 years$4,629$4,051$3,536$3,079$2,676$1,338
14 years$4,255$3,682$3,177$2,733$2,346$1,099
15 years$3,930$3,364$2,868$2,438$2,066$906
16 years$3,646$3,086$2,601$2,183$1,826$748
17 years$3,396$2,842$2,367$1,961$1,619$620
18 years$3,174$2,626$2,160$1,767$1,439$514
19 years$2,976$2,434$1,978$1,597$1,283$427
20 years$2,797$2,262$1,815$1,446$1,146$355
21 years$2,636$2,107$1,669$1,313$1,025$295
22 years$2,490$1,967$1,539$1,194$919$246
23 years$2,356$1,839$1,421$1,087$825$205
24 years$2,234$1,723$1,314$991$742$171
25 years$2,122$1,617$1,217$905$667$143
26 years$2,018$1,520$1,129$828$601$119
27 years$1,923$1,431$1,048$758$542$99
28 years$1,834$1,348$974$694$489$83
29 years$1,752$1,272$907$637$442$69
30 years$1,675$1,201$845$584$399$58
31 years$1,604$1,135$787$537$361$48
32 years$1,537$1,074$735$493$326$40
33 years$1,474$1,017$686$454$295$34
34 years$1,415$964$641$417$267$28
35 years$1,359$915$599$384$242$24
36 years$1,307$868$560$354$219$20
37 years$1,258$824$525$326$199$16
38 years$1,211$783$491$300$180$14
39 years$1,167$745$460$277$163$12
40 years$1,125$709$431$256$148$10
41 years$1,085$675$405$236$135$8
42 years$1,048$643$379$218$122$7
43 years$1,012$612$356$201$111$6
44 years$978$584$334$185$101$5
45 years$945$557$314$171$91$4
46 years$914$531$295$158$83$3
47 years$885$507$277$146$75$3
48 years$856$484$260$135$68$2
49 years$829$462$245$125$62$2
50 years$804$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 $823,000, adding $5,840 every year, while hoping to spend $21,046 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: 63/10/27 Blend
58$823,000$823,000$823,000$823,000
59$912,970$869,351$856,594$963,591
60$983,700$889,556$862,898$1,018,797
61$1,060,939$910,046$868,707$1,076,246
62$1,145,329$930,813$873,982$1,138,542
63$1,237,577$951,847$878,685$1,206,163
64$1,338,459$973,137$882,770$1,279,636
65$1,448,833$994,671$886,194$1,359,541
66$1,569,641$1,016,438$888,909$1,446,519
67$1,701,923$1,038,421$890,865$1,541,274
68$1,846,820$1,060,605$892,010$1,644,586
69$2,005,593$1,082,972$892,290$1,757,311
70$2,179,628$1,105,502$891,646$1,880,393
71$2,370,453$1,128,175$890,020$2,014,875
72$2,579,750$1,150,966$887,346$2,161,904
73$2,809,372$1,173,851$883,560$2,322,746
74$3,061,360$1,196,801$878,591$2,498,794
75$3,337,962$1,219,787$872,366$2,691,587
76$3,641,653$1,242,777$864,810$2,902,819
77$3,975,163$1,265,734$855,842$3,134,358
78$4,341,496$1,288,621$845,379$3,388,262
79$4,743,962$1,311,397$833,333$3,666,802
80$5,186,207$1,334,017$819,611$3,972,479
81$5,672,251$1,356,434$804,118$4,308,051
82$6,206,518$1,378,596$786,753$4,676,556
83$6,793,884$1,400,449$767,411$5,081,345
84$7,439,722$1,421,933$745,982$5,526,111
85$8,149,951$1,442,985$722,349$6,014,925
86$8,931,092$1,463,537$696,394$6,552,273
87$9,790,329$1,483,516$667,989$7,143,100
88$10,735,579$1,502,845$637,003$7,792,857
89$11,775,564$1,521,440$603,297$8,507,554
90$12,919,892$1,539,211$566,729$9,293,811
91$14,179,154$1,556,066$527,148$10,158,929
92$15,565,016$1,571,901$484,395$11,110,953
93$17,090,333$1,586,609$438,307$12,158,750
94$18,769,268$1,600,075$388,712$13,312,095
95$20,617,431$1,612,176$335,432$14,581,761
96$22,652,018$1,622,781$278,277$15,979,620
97$24,891,978$1,631,752$217,054$17,518,760
98$27,358,192$1,638,940$151,558$19,213,606
99$30,073,668$1,644,188$81,575$21,080,053
100$33,063,758$1,647,329$6,883$23,135,625