Can I retire at age 59 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$68,375$67,766$67,172$66,592$66,026$64,666
2 years$33,849$33,219$32,608$32,015$31,441$30,077
3 years$22,342$21,709$21,099$20,513$19,947$18,622
4 years$16,590$15,958$15,355$14,778$14,227$12,950
5 years$13,139$12,512$11,916$11,351$10,815$9,591
6 years$10,839$10,217$9,630$9,078$8,557$7,387
7 years$9,197$8,580$8,003$7,463$6,959$5,843
8 years$7,966$7,355$6,787$6,261$5,774$4,711
9 years$7,010$6,403$5,845$5,333$4,862$3,852
10 years$6,244$5,644$5,096$4,597$4,143$3,185
11 years$5,619$5,025$4,487$4,001$3,563$2,656
12 years$5,098$4,510$3,982$3,509$3,088$2,230
13 years$4,658$4,076$3,557$3,098$2,692$1,882
14 years$4,280$3,705$3,196$2,750$2,360$1,597
15 years$3,954$3,384$2,886$2,453$2,078$1,359
16 years$3,668$3,105$2,617$2,196$1,837$1,161
17 years$3,417$2,860$2,381$1,973$1,628$994
18 years$3,193$2,642$2,173$1,778$1,448$853
19 years$2,994$2,449$1,990$1,607$1,291$733
20 years$2,814$2,276$1,826$1,455$1,153$631
21 years$2,652$2,120$1,680$1,321$1,032$544
22 years$2,505$1,979$1,548$1,201$925$470
23 years$2,370$1,851$1,429$1,094$830$406
24 years$2,248$1,734$1,322$997$746$351
25 years$2,135$1,627$1,224$911$671$304
26 years$2,031$1,529$1,136$833$605$263
27 years$1,935$1,439$1,054$762$545$228
28 years$1,845$1,356$980$698$492$198
29 years$1,763$1,279$912$641$444$171
30 years$1,685$1,208$850$588$401$149
31 years$1,613$1,142$792$540$363$129
32 years$1,546$1,081$739$496$328$112
33 years$1,483$1,024$690$456$297$97
34 years$1,423$970$645$420$269$84
35 years$1,368$920$603$386$244$73
36 years$1,315$873$564$356$221$64
37 years$1,265$829$528$328$200$55
38 years$1,218$788$494$302$181$48
39 years$1,174$750$463$279$164$42
40 years$1,132$713$434$257$149$36
41 years$1,092$679$407$237$135$32
42 years$1,054$647$382$219$123$27
43 years$1,018$616$358$202$111$24
44 years$984$587$336$187$101$21
45 years$951$560$316$172$92$18
46 years$920$534$297$159$83$16
47 years$890$510$279$147$76$14
48 years$862$487$262$136$69$12
49 years$834$465$246$126$62$10
50 years$808$444$231$116$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $828,000, adding $4,408 every year, while hoping to spend $50,035 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: 87/6/7 Blend
58$828,000$828,000$828,000$828,000
59$917,003$873,119$860,285$995,931
60$957,300$862,665$835,868$1,037,575
61$1,000,031$850,022$808,955$1,075,957
62$1,045,391$835,029$779,412$1,116,527
63$1,093,593$817,518$747,094$1,159,468
64$1,144,871$797,308$711,853$1,204,982
65$1,199,481$774,209$673,534$1,253,291
66$1,257,703$748,020$631,972$1,304,640
67$1,319,843$718,528$586,998$1,359,297
68$1,386,239$685,507$538,434$1,417,557
69$1,457,258$648,719$486,094$1,479,745
70$1,533,303$607,912$429,783$1,546,219
71$1,614,819$562,818$369,300$1,617,373
72$1,702,290$513,156$304,431$1,693,638
73$1,796,250$458,628$234,956$1,775,492
74$1,897,285$398,918$160,644$1,863,460
75$2,006,036$333,693$81,254$1,958,119
76$2,123,210$262,602$0$2,060,106
77$2,249,581$185,273$0$2,170,380
78$2,386,001$101,314$0$2,295,948
79$2,533,404$10,310$0$2,431,606
80$2,692,820$0$0$2,578,311
81$2,865,379$0$0$2,742,940
82$3,052,321$0$0$2,922,037
83$3,255,014$0$0$3,116,230
84$3,474,960$0$0$3,326,959
85$3,713,809$0$0$3,555,808
86$3,973,381$0$0$3,804,519
87$4,255,672$0$0$4,075,008
88$4,562,883$0$0$4,369,384
89$4,897,433$0$0$4,689,966
90$5,261,985$0$0$5,039,306
91$5,659,469$0$0$5,420,215
92$6,093,111$0$0$5,835,783
93$6,566,460$0$0$6,289,415
94$7,083,424$0$0$6,784,856
95$7,648,304$0$0$7,326,231
96$8,265,837$0$0$7,918,080
97$8,941,237$0$0$8,565,401
98$9,680,244$0$0$9,273,699
99$10,489,180$0$0$10,049,034
100$11,375,007$0$0$10,898,080