Can I retire at age 59 with 830,000?

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 $830,000?

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$68,541$67,930$67,334$66,753$66,185$63,913
2 years$33,931$33,299$32,687$32,093$31,517$29,251
3 years$22,396$21,761$21,150$20,562$19,996$17,807
4 years$16,630$15,997$15,392$14,814$14,261$12,166
5 years$13,171$12,542$11,945$11,378$10,841$8,846
6 years$10,865$10,241$9,653$9,099$8,578$6,684
7 years$9,220$8,601$8,022$7,481$6,976$5,183
8 years$7,986$7,372$6,803$6,276$5,788$4,094
9 years$7,026$6,419$5,860$5,346$4,874$3,278
10 years$6,260$5,658$5,109$4,608$4,153$2,651
11 years$5,633$5,037$4,497$4,010$3,572$2,162
12 years$5,110$4,521$3,991$3,518$3,095$1,774
13 years$4,669$4,086$3,566$3,105$2,699$1,462
14 years$4,291$3,714$3,204$2,757$2,366$1,211
15 years$3,963$3,393$2,893$2,458$2,083$1,006
16 years$3,677$3,113$2,623$2,201$1,841$838
17 years$3,425$2,867$2,387$1,978$1,632$699
18 years$3,201$2,649$2,179$1,782$1,451$585
19 years$3,001$2,455$1,995$1,611$1,294$489
20 years$2,821$2,281$1,830$1,459$1,156$410
21 years$2,658$2,125$1,684$1,324$1,034$344
22 years$2,511$1,983$1,552$1,204$927$289
23 years$2,376$1,855$1,433$1,096$832$243
24 years$2,253$1,738$1,325$1,000$748$205
25 years$2,140$1,631$1,227$913$673$172
26 years$2,036$1,533$1,138$835$606$145
27 years$1,939$1,443$1,057$764$547$122
28 years$1,850$1,359$983$700$493$103
29 years$1,767$1,283$914$642$445$87
30 years$1,690$1,211$852$589$402$73
31 years$1,617$1,145$794$541$364$62
32 years$1,550$1,083$741$497$329$52
33 years$1,486$1,026$692$457$298$44
34 years$1,427$972$646$421$270$37
35 years$1,371$922$604$387$244$31
36 years$1,318$875$565$357$221$26
37 years$1,268$831$529$329$201$22
38 years$1,221$790$495$303$182$19
39 years$1,177$751$464$279$165$16
40 years$1,135$715$435$258$150$13
41 years$1,095$680$408$238$136$11
42 years$1,057$648$383$219$123$9
43 years$1,021$617$359$203$112$8
44 years$986$589$337$187$101$7
45 years$953$561$317$173$92$6
46 years$922$535$297$160$84$5
47 years$892$511$279$147$76$4
48 years$864$488$262$136$69$3
49 years$836$466$247$126$63$3
50 years$810$445$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 $830,000, adding $6,309 every year, while hoping to spend $41,074 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: 64/20/16 Blend
58$830,000$830,000$830,000$830,000
59$921,168$877,178$864,313$976,112
60$971,424$876,457$849,565$1,013,006
61$1,025,431$874,324$832,946$1,048,011
62$1,083,526$870,667$814,351$1,085,256
63$1,146,081$865,366$793,668$1,124,961
64$1,213,507$858,295$770,781$1,167,369
65$1,286,252$849,318$745,569$1,212,747
66$1,364,809$838,294$717,905$1,261,394
67$1,449,721$825,071$687,656$1,313,638
68$1,541,583$809,491$654,683$1,369,843
69$1,641,051$791,382$618,842$1,430,411
70$1,748,845$770,567$579,980$1,495,789
71$1,865,756$746,854$537,939$1,566,469
72$1,992,657$720,043$492,553$1,642,995
73$2,130,503$689,921$443,649$1,725,970
74$2,280,350$656,263$391,047$1,816,060
75$2,443,357$618,830$334,557$1,914,001
76$2,620,797$577,371$273,983$2,020,608
77$2,814,076$531,619$209,119$2,136,781
78$3,024,737$481,294$139,750$2,263,514
79$3,254,479$426,096$65,650$2,401,907
80$3,505,173$365,712$0$2,553,174
81$3,778,879$299,810$0$2,720,949
82$4,077,861$228,038$0$2,916,534
83$4,404,617$150,026$0$3,130,390
84$4,761,892$65,381$0$3,364,372
85$5,152,712$0$0$3,620,527
86$5,580,406$0$0$3,906,901
87$6,048,642$0$0$4,236,229
88$6,561,457$0$0$4,596,970
89$7,123,298$0$0$4,992,259
90$7,739,064$0$0$5,425,549
91$8,414,147$0$0$5,900,643
92$9,154,488$0$0$6,421,729
93$9,966,630$0$0$6,993,422
94$10,857,780$0$0$7,620,803
95$11,835,875$0$0$8,309,469
96$12,909,660$0$0$9,065,587
97$14,088,766$0$0$9,895,948
98$15,383,805$0$0$10,808,035
99$16,806,463$0$0$11,810,089
100$18,369,619$0$0$12,911,192