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%15%
1 years$68,458$67,848$67,253$66,673$66,106$64,744
2 years$33,890$33,259$32,647$32,054$31,479$30,114
3 years$22,369$21,735$21,125$20,537$19,971$18,645
4 years$16,610$15,978$15,374$14,796$14,244$12,966
5 years$13,155$12,527$11,930$11,365$10,828$9,603
6 years$10,852$10,229$9,642$9,089$8,568$7,396
7 years$9,208$8,590$8,012$7,472$6,968$5,850
8 years$7,976$7,363$6,795$6,268$5,781$4,717
9 years$7,018$6,411$5,853$5,339$4,868$3,857
10 years$6,252$5,651$5,102$4,602$4,148$3,189
11 years$5,626$5,031$4,492$4,005$3,567$2,659
12 years$5,104$4,515$3,987$3,513$3,091$2,232
13 years$4,663$4,081$3,562$3,102$2,696$1,885
14 years$4,286$3,709$3,200$2,753$2,363$1,598
15 years$3,959$3,388$2,889$2,456$2,081$1,361
16 years$3,673$3,109$2,620$2,199$1,839$1,162
17 years$3,421$2,863$2,384$1,975$1,630$995
18 years$3,197$2,646$2,176$1,780$1,450$854
19 years$2,997$2,452$1,992$1,609$1,292$734
20 years$2,818$2,278$1,828$1,457$1,154$632
21 years$2,655$2,122$1,682$1,322$1,033$545
22 years$2,508$1,981$1,550$1,202$926$470
23 years$2,373$1,853$1,431$1,095$831$406
24 years$2,250$1,736$1,323$999$747$352
25 years$2,137$1,629$1,226$912$672$304
26 years$2,033$1,531$1,137$834$605$263
27 years$1,937$1,441$1,056$763$546$228
28 years$1,848$1,358$981$699$493$198
29 years$1,765$1,281$913$641$445$172
30 years$1,687$1,210$851$589$402$149
31 years$1,615$1,144$793$541$363$129
32 years$1,548$1,082$740$497$329$112
33 years$1,485$1,025$691$457$297$97
34 years$1,425$971$646$420$269$85
35 years$1,369$921$604$387$244$73
36 years$1,317$874$565$356$221$64
37 years$1,267$830$528$328$200$55
38 years$1,220$789$495$303$182$48
39 years$1,176$750$464$279$165$42
40 years$1,133$714$435$257$149$36
41 years$1,093$680$407$237$136$32
42 years$1,055$647$382$219$123$27
43 years$1,019$617$359$202$112$24
44 years$985$588$337$187$101$21
45 years$952$561$316$173$92$18
46 years$921$535$297$159$83$16
47 years$891$510$279$147$76$14
48 years$863$487$262$136$69$12
49 years$835$465$246$126$63$10
50 years$809$444$232$116$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $829,000, adding $6,182 every year, while hoping to spend $58,929 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: 27/45/28 Blend
58$829,000$829,000$829,000$829,000
59$919,935$875,998$863,148$936,634
60$951,068$856,222$829,364$930,859
61$983,402$833,501$792,472$919,195
62$1,016,997$807,631$752,308$905,476
63$1,051,917$778,391$708,696$889,567
64$1,088,231$745,551$661,456$871,327
65$1,126,013$708,865$610,398$850,608
66$1,165,343$668,076$555,323$827,254
67$1,206,305$622,909$496,023$801,101
68$1,248,991$573,075$432,283$771,978
69$1,293,501$518,268$363,877$739,703
70$1,339,939$458,164$290,568$704,088
71$1,388,421$392,422$212,110$664,935
72$1,439,070$320,681$128,246$622,035
73$1,492,019$242,559$38,707$575,170
74$1,547,414$157,653$0$524,112
75$1,605,410$65,538$0$485,606
76$1,666,176$0$0$455,864
77$1,729,897$0$0$440,092
78$1,796,771$0$0$457,639
79$1,867,014$0$0$476,114
80$1,940,862$0$0$495,586
81$2,018,570$0$0$516,127
82$2,100,416$0$0$537,819
83$2,186,702$0$0$560,748
84$2,277,760$0$0$585,009
85$2,373,947$0$0$610,709
86$2,475,657$0$0$637,959
87$2,583,318$0$0$666,885
88$2,697,398$0$0$697,623
89$2,818,407$0$0$730,321
90$2,946,903$0$0$765,144
91$3,083,499$0$0$802,269
92$3,228,861$0$0$841,891
93$3,383,723$0$0$884,226
94$3,548,883$0$0$929,507
95$3,725,221$0$0$977,992
96$3,913,698$0$0$1,029,963
97$4,115,367$0$0$1,085,731
98$4,331,384$0$0$1,145,633
99$4,563,017$0$0$1,210,045
100$4,811,655$0$0$1,279,375