Can I retire at age 59 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$68,210$67,603$67,010$66,431$65,866$63,605
2 years$33,767$33,139$32,529$31,938$31,365$29,110
3 years$22,288$21,656$21,048$20,463$19,899$17,721
4 years$16,549$15,920$15,318$14,743$14,192$12,108
5 years$13,107$12,481$11,887$11,324$10,789$8,803
6 years$10,813$10,192$9,607$9,056$8,537$6,652
7 years$9,175$8,559$7,983$7,445$6,943$5,158
8 years$7,947$7,337$6,770$6,246$5,760$4,074
9 years$6,993$6,388$5,831$5,320$4,850$3,262
10 years$6,229$5,631$5,084$4,586$4,133$2,638
11 years$5,605$5,013$4,476$3,991$3,554$2,151
12 years$5,086$4,499$3,972$3,501$3,080$1,765
13 years$4,646$4,066$3,549$3,091$2,686$1,455
14 years$4,270$3,696$3,189$2,743$2,354$1,205
15 years$3,944$3,376$2,879$2,447$2,073$1,001
16 years$3,659$3,098$2,610$2,191$1,832$833
17 years$3,408$2,853$2,375$1,968$1,625$696
18 years$3,186$2,636$2,168$1,774$1,444$582
19 years$2,986$2,443$1,985$1,603$1,287$487
20 years$2,807$2,270$1,822$1,452$1,150$408
21 years$2,646$2,115$1,676$1,317$1,029$343
22 years$2,499$1,974$1,544$1,198$922$288
23 years$2,365$1,846$1,426$1,091$828$242
24 years$2,242$1,730$1,319$995$744$204
25 years$2,130$1,623$1,221$909$670$171
26 years$2,026$1,526$1,133$831$603$144
27 years$1,930$1,436$1,052$761$544$122
28 years$1,841$1,353$978$697$491$102
29 years$1,758$1,276$910$639$443$86
30 years$1,681$1,205$848$586$400$73
31 years$1,610$1,139$790$539$362$61
32 years$1,542$1,078$737$495$327$52
33 years$1,479$1,021$688$455$296$44
34 years$1,420$968$643$419$268$37
35 years$1,364$918$601$386$243$31
36 years$1,312$871$563$355$220$26
37 years$1,262$827$527$327$200$22
38 years$1,216$786$493$302$181$19
39 years$1,171$748$462$278$164$16
40 years$1,129$711$433$256$149$13
41 years$1,089$677$406$237$135$11
42 years$1,052$645$381$218$123$9
43 years$1,016$615$357$202$111$8
44 years$981$586$335$186$101$7
45 years$949$559$315$172$92$6
46 years$918$533$296$159$83$5
47 years$888$508$278$147$76$4
48 years$860$485$261$136$69$3
49 years$832$464$245$125$62$3
50 years$806$443$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $826,000, adding $4,214 every year, while hoping to spend $48,456 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: 78/10/12 Blend
58$826,000$826,000$826,000$826,000
59$914,599$870,821$858,018$983,528
60$956,331$861,934$835,205$1,020,585
61$1,000,696$850,988$810,003$1,054,589
62$1,047,911$837,830$782,282$1,090,503
63$1,098,214$822,300$751,905$1,128,498
64$1,151,865$804,226$718,727$1,168,761
65$1,209,150$783,429$682,599$1,211,502
66$1,270,382$759,715$643,365$1,256,949
67$1,335,904$732,884$600,860$1,305,355
68$1,406,091$702,719$554,914$1,357,001
69$1,481,355$668,996$505,346$1,412,195
70$1,562,150$631,473$451,972$1,471,277
71$1,648,970$589,897$394,594$1,534,623
72$1,742,363$543,999$333,011$1,602,649
73$1,842,925$493,496$267,008$1,675,814
74$1,951,314$438,088$196,363$1,754,622
75$2,068,251$377,458$120,845$1,839,633
76$2,194,531$311,271$40,211$1,931,463
77$2,331,023$239,173$0$2,030,793
78$2,478,685$160,791$0$2,144,244
79$2,638,572$75,730$0$2,272,652
80$2,811,839$0$0$2,411,814
81$2,999,759$0$0$2,564,585
82$3,203,732$0$0$2,739,475
83$3,425,298$0$0$2,929,473
84$3,666,149$0$0$3,136,033
85$3,928,148$0$0$3,360,757
86$4,213,344$0$0$3,605,405
87$4,523,993$0$0$3,871,916
88$4,862,577$0$0$4,162,422
89$5,231,825$0$0$4,479,269
90$5,634,745$0$0$4,825,043
91$6,074,645$0$0$5,202,585
92$6,555,167$0$0$5,615,025
93$7,080,321$0$0$6,065,811
94$7,654,521$0$0$6,558,736
95$8,282,628$0$0$7,097,977
96$8,969,993$0$0$7,688,133
97$9,722,510$0$0$8,334,270
98$10,546,666$0$0$9,041,963
99$11,449,609$0$0$9,817,356
100$12,439,209$0$0$10,667,211