Can I retire at age 59 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$68,045$67,439$66,848$66,271$65,707$64,994
2 years$33,686$33,058$32,450$31,861$31,289$30,571
3 years$22,234$21,604$20,998$20,414$19,851$19,150
4 years$16,509$15,881$15,281$14,707$14,158$13,480
5 years$13,075$12,451$11,859$11,296$10,763$10,109
6 years$10,787$10,167$9,583$9,034$8,516$7,888
7 years$9,153$8,538$7,964$7,427$6,926$6,324
8 years$7,928$7,319$6,754$6,230$5,746$5,170
9 years$6,976$6,373$5,817$5,307$4,839$4,288
10 years$6,214$5,617$5,072$4,575$4,123$3,598
11 years$5,592$5,001$4,465$3,981$3,546$3,045
12 years$5,073$4,488$3,963$3,492$3,073$2,596
13 years$4,635$4,056$3,540$3,083$2,679$2,227
14 years$4,260$3,687$3,181$2,737$2,349$1,919
15 years$3,935$3,368$2,872$2,441$2,068$1,661
16 years$3,651$3,090$2,604$2,185$1,828$1,442
17 years$3,400$2,846$2,369$1,964$1,621$1,256
18 years$3,178$2,630$2,163$1,770$1,441$1,097
19 years$2,979$2,437$1,980$1,599$1,284$960
20 years$2,801$2,265$1,817$1,448$1,147$841
21 years$2,639$2,110$1,671$1,314$1,027$739
22 years$2,493$1,969$1,541$1,195$920$649
23 years$2,359$1,842$1,422$1,088$826$572
24 years$2,237$1,726$1,315$993$742$504
25 years$2,124$1,619$1,218$906$668$444
26 years$2,021$1,522$1,130$829$602$392
27 years$1,925$1,432$1,049$759$543$346
28 years$1,837$1,350$975$695$490$306
29 years$1,754$1,273$908$637$442$271
30 years$1,677$1,202$846$585$399$240
31 years$1,606$1,137$788$537$361$212
32 years$1,539$1,076$735$494$327$188
33 years$1,476$1,019$687$454$296$166
34 years$1,417$965$642$418$268$147
35 years$1,361$916$600$385$242$131
36 years$1,309$869$561$354$220$116
37 years$1,259$825$525$326$199$103
38 years$1,213$784$492$301$180$91
39 years$1,168$746$461$277$164$81
40 years$1,127$710$432$256$148$72
41 years$1,087$676$405$236$135$64
42 years$1,049$643$380$218$122$56
43 years$1,013$613$357$201$111$50
44 years$979$584$335$186$101$44
45 years$946$557$314$171$91$39
46 years$915$532$295$158$83$35
47 years$886$507$277$146$75$31
48 years$857$484$261$135$68$28
49 years$830$462$245$125$62$24
50 years$805$442$230$116$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $824,000, adding $6,788 every year, while hoping to spend $24,680 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: 37/46/17 Blend
58$824,000$824,000$824,000$824,000
59$915,050$871,378$858,606$943,968
60$982,126$887,816$861,110$981,884
61$1,055,216$904,232$862,870$1,019,971
62$1,134,908$920,600$863,837$1,060,589
63$1,221,849$936,890$863,956$1,103,978
64$1,316,750$953,070$863,170$1,150,402
65$1,420,394$969,106$861,423$1,200,155
66$1,533,645$984,962$858,650$1,253,559
67$1,657,450$1,000,599$854,789$1,310,972
68$1,792,856$1,015,974$849,770$1,372,788
69$1,941,013$1,031,043$843,523$1,439,441
70$2,103,189$1,045,756$835,974$1,511,412
71$2,280,778$1,060,063$827,043$1,589,231
72$2,475,319$1,073,907$816,650$1,673,484
73$2,688,502$1,087,229$804,709$1,764,817
74$2,922,192$1,099,966$791,129$1,863,944
75$3,178,442$1,112,051$775,818$1,971,653
76$3,459,511$1,123,410$758,677$2,088,813
77$3,767,892$1,133,967$739,603$2,216,384
78$4,106,325$1,143,640$718,488$2,355,428
79$4,477,834$1,152,342$695,221$2,507,113
80$4,885,745$1,159,979$669,683$2,672,731
81$5,333,725$1,166,452$641,751$2,853,708
82$5,825,812$1,171,655$611,297$3,051,617
83$6,366,456$1,175,477$578,186$3,268,194
84$6,960,558$1,177,798$542,279$3,505,355
85$7,613,516$1,178,492$503,427$3,765,216
86$8,331,281$1,177,424$461,477$4,050,110
87$9,120,404$1,174,451$416,269$4,362,612
88$9,988,107$1,169,421$367,636$4,705,564
89$10,942,345$1,162,173$315,403$5,082,100
90$11,991,881$1,152,537$259,386$5,495,681
91$13,146,373$1,140,331$199,396$5,950,122
92$14,416,460$1,125,364$135,232$6,449,634
93$15,813,864$1,107,432$66,688$6,998,863
94$17,351,502$1,086,320$0$7,602,933
95$19,043,604$1,061,798$0$8,268,668
96$20,905,851$1,033,626$0$9,014,118
97$22,955,521$1,001,547$0$9,834,094
98$25,211,652$965,290$0$10,736,227
99$27,695,220$924,569$0$11,728,933
100$30,429,339$879,080$0$12,821,488