Can I retire at age 59 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$68,293$67,685$67,091$66,512$65,946$63,556
2 years$33,808$33,179$32,568$31,977$31,403$29,021
3 years$22,315$21,683$21,074$20,488$19,923$17,625
4 years$16,569$15,939$15,336$14,760$14,209$12,011
5 years$13,123$12,496$11,902$11,337$10,802$8,710
6 years$10,826$10,204$9,618$9,067$8,547$6,564
7 years$9,186$8,570$7,993$7,454$6,951$5,075
8 years$7,957$7,346$6,779$6,253$5,767$3,997
9 years$7,001$6,396$5,838$5,326$4,856$3,190
10 years$6,237$5,638$5,090$4,591$4,138$2,572
11 years$5,612$5,019$4,481$3,996$3,559$2,090
12 years$5,092$4,505$3,977$3,505$3,084$1,709
13 years$4,652$4,071$3,553$3,094$2,689$1,405
14 years$4,275$3,700$3,193$2,747$2,357$1,159
15 years$3,949$3,380$2,882$2,450$2,076$959
16 years$3,664$3,101$2,613$2,193$1,834$796
17 years$3,413$2,856$2,378$1,971$1,627$662
18 years$3,189$2,639$2,171$1,776$1,446$551
19 years$2,990$2,446$1,987$1,605$1,289$460
20 years$2,811$2,273$1,824$1,453$1,151$384
21 years$2,649$2,117$1,678$1,319$1,030$321
22 years$2,502$1,976$1,546$1,199$924$269
23 years$2,368$1,848$1,428$1,092$829$225
24 years$2,245$1,732$1,320$996$745$189
25 years$2,132$1,625$1,223$910$671$158
26 years$2,028$1,527$1,134$832$604$133
27 years$1,932$1,438$1,053$761$545$111
28 years$1,843$1,355$979$698$491$93
29 years$1,760$1,278$911$640$444$78
30 years$1,683$1,207$849$587$401$66
31 years$1,611$1,141$791$539$362$55
32 years$1,544$1,079$738$496$328$46
33 years$1,481$1,022$689$456$297$39
34 years$1,422$969$644$419$269$33
35 years$1,366$919$602$386$243$27
36 years$1,313$872$563$355$220$23
37 years$1,264$828$527$328$200$19
38 years$1,217$787$494$302$181$16
39 years$1,173$749$463$278$164$14
40 years$1,131$712$434$257$149$11
41 years$1,091$678$406$237$135$10
42 years$1,053$646$381$219$123$8
43 years$1,017$615$358$202$111$7
44 years$983$586$336$186$101$6
45 years$950$559$315$172$92$5
46 years$919$533$296$159$83$4
47 years$889$509$278$147$76$3
48 years$861$486$261$136$69$3
49 years$833$464$246$125$62$2
50 years$807$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 $827,000, adding $5,136 every year, while hoping to spend $29,748 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: 59/17/24 Blend
58$827,000$827,000$827,000$827,000
59$916,652$872,821$860,002$964,548
60$978,499$883,937$857,161$1,008,866
61$1,045,657$894,602$853,227$1,053,533
62$1,118,637$904,760$848,133$1,101,610
63$1,198,000$914,355$841,807$1,153,434
64$1,284,364$923,327$834,176$1,209,376
65$1,378,408$931,609$825,160$1,269,849
66$1,480,880$939,132$814,678$1,335,305
67$1,592,604$945,824$802,643$1,406,246
68$1,714,485$951,604$788,967$1,483,224
69$1,847,519$956,390$773,555$1,566,849
70$1,992,806$960,093$756,308$1,657,794
71$2,151,551$962,617$737,124$1,756,803
72$2,325,087$963,862$715,895$1,864,697
73$2,514,877$963,722$692,508$1,982,379
74$2,722,533$962,083$666,846$2,110,849
75$2,949,831$958,825$638,785$2,251,210
76$3,198,725$953,819$608,196$2,404,678
77$3,471,369$946,931$574,945$2,572,596
78$3,770,134$938,015$538,890$2,756,443
79$4,097,631$926,921$499,886$2,957,855
80$4,456,734$913,485$457,777$3,178,634
81$4,850,613$897,538$412,404$3,420,769
82$5,282,754$878,896$363,599$3,686,455
83$5,757,002$857,368$311,186$3,978,113
84$6,277,588$832,751$254,983$4,298,413
85$6,849,175$804,829$194,798$4,650,300
86$7,476,899$773,374$130,432$5,037,025
87$8,166,417$738,144$61,676$5,462,170
88$8,923,963$698,885$0$5,929,690
89$9,756,403$655,326$0$6,446,940
90$10,671,301$607,182$0$7,032,782
91$11,676,991$554,151$0$7,676,771
92$12,782,653$495,913$0$8,384,818
93$13,998,403$432,132$0$9,163,439
94$15,335,385$362,451$0$10,019,815
95$16,805,877$286,494$0$10,961,864
96$18,423,407$203,863$0$11,998,308
97$20,202,880$114,138$0$13,138,763
98$22,160,718$16,875$0$14,393,826
99$24,315,016$0$0$15,775,180
100$26,685,710$0$0$17,312,232