Can I retire at age 59 with 829,000?

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 $829,000?

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$68,458$67,848$67,253$66,673$66,106$63,558
2 years$33,890$33,259$32,647$32,054$31,479$28,943
3 years$22,369$21,735$21,125$20,537$19,971$17,526
4 years$16,610$15,978$15,374$14,796$14,244$11,909
5 years$13,155$12,527$11,930$11,365$10,828$8,608
6 years$10,852$10,229$9,642$9,089$8,568$6,465
7 years$9,208$8,590$8,012$7,472$6,968$4,982
8 years$7,976$7,363$6,795$6,268$5,781$3,909
9 years$7,018$6,411$5,853$5,339$4,868$3,109
10 years$6,252$5,651$5,102$4,602$4,148$2,497
11 years$5,626$5,031$4,492$4,005$3,567$2,022
12 years$5,104$4,515$3,987$3,513$3,091$1,647
13 years$4,663$4,081$3,562$3,102$2,696$1,347
14 years$4,286$3,709$3,200$2,753$2,363$1,107
15 years$3,959$3,388$2,889$2,456$2,081$912
16 years$3,673$3,109$2,620$2,199$1,839$754
17 years$3,421$2,863$2,384$1,975$1,630$624
18 years$3,197$2,646$2,176$1,780$1,450$518
19 years$2,997$2,452$1,992$1,609$1,292$430
20 years$2,818$2,278$1,828$1,457$1,154$357
21 years$2,655$2,122$1,682$1,322$1,033$297
22 years$2,508$1,981$1,550$1,202$926$248
23 years$2,373$1,853$1,431$1,095$831$206
24 years$2,250$1,736$1,323$999$747$172
25 years$2,137$1,629$1,226$912$672$144
26 years$2,033$1,531$1,137$834$605$120
27 years$1,937$1,441$1,056$763$546$100
28 years$1,848$1,358$981$699$493$84
29 years$1,765$1,281$913$641$445$70
30 years$1,687$1,210$851$589$402$58
31 years$1,615$1,144$793$541$363$49
32 years$1,548$1,082$740$497$329$41
33 years$1,485$1,025$691$457$297$34
34 years$1,425$971$646$420$269$28
35 years$1,369$921$604$387$244$24
36 years$1,317$874$565$356$221$20
37 years$1,267$830$528$328$200$17
38 years$1,220$789$495$303$182$14
39 years$1,176$750$464$279$165$12
40 years$1,133$714$435$257$149$10
41 years$1,093$680$407$237$136$8
42 years$1,055$647$382$219$123$7
43 years$1,019$617$359$202$112$6
44 years$985$588$337$187$101$5
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$3
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$2
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $829,000, adding $5,991 every year, while hoping to spend $34,513 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: 48/35/17 Blend
58$829,000$829,000$829,000$829,000
59$919,738$875,801$862,951$959,227
60$976,829$881,993$855,139$993,408
61$1,038,588$887,333$845,907$1,026,497
62$1,105,452$891,741$835,174$1,061,684
63$1,177,906$895,134$822,850$1,099,178
64$1,256,481$897,424$808,844$1,139,212
65$1,341,761$898,516$793,059$1,182,043
66$1,434,388$898,311$775,394$1,227,958
67$1,535,070$896,703$755,745$1,277,272
68$1,644,585$893,579$733,999$1,330,337
69$1,763,788$888,820$710,043$1,387,540
70$1,893,620$882,298$683,756$1,449,313
71$2,035,118$873,879$655,010$1,516,131
72$2,189,421$863,420$623,674$1,588,523
73$2,357,786$850,771$589,611$1,667,073
74$2,541,592$835,771$552,675$1,752,426
75$2,742,361$818,250$512,716$1,845,300
76$2,961,766$798,029$469,576$1,946,485
77$3,201,651$774,917$423,092$2,056,858
78$3,464,044$748,713$373,090$2,177,389
79$3,751,179$719,203$319,392$2,309,148
80$4,065,518$686,162$261,810$2,453,322
81$4,409,768$649,351$200,147$2,611,222
82$4,786,913$608,518$134,201$2,784,298
83$5,200,238$563,395$63,757$2,974,151
84$5,653,361$513,701$0$3,182,554
85$6,150,269$459,137$0$3,413,534
86$6,695,349$399,387$0$3,679,662
87$7,293,437$334,119$0$3,971,794
88$7,949,857$262,981$0$4,292,618
89$8,670,475$185,600$0$4,645,100
90$9,461,753$101,584$0$5,032,512
91$10,330,809$10,518$0$5,458,468
92$11,285,482$0$0$5,926,954
93$12,334,412$0$0$6,476,275
94$13,487,114$0$0$7,084,492
95$14,754,071$0$0$7,753,098
96$16,146,832$0$0$8,488,200
97$17,678,123$0$0$9,296,527
98$19,361,960$0$0$10,185,493
99$21,213,791$0$0$11,163,267
100$23,250,631$0$0$12,238,847