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%13.1%
1 years$68,541$67,930$67,334$66,753$66,185$65,331
2 years$33,931$33,299$32,687$32,093$31,517$30,658
3 years$22,396$21,761$21,150$20,562$19,996$19,158
4 years$16,630$15,997$15,392$14,814$14,261$13,451
5 years$13,171$12,542$11,945$11,378$10,841$10,062
6 years$10,865$10,241$9,653$9,099$8,578$7,830
7 years$9,220$8,601$8,022$7,481$6,976$6,260
8 years$7,986$7,372$6,803$6,276$5,788$5,102
9 years$7,026$6,419$5,860$5,346$4,874$4,220
10 years$6,260$5,658$5,109$4,608$4,153$3,530
11 years$5,633$5,037$4,497$4,010$3,572$2,979
12 years$5,110$4,521$3,991$3,518$3,095$2,531
13 years$4,669$4,086$3,566$3,105$2,699$2,164
14 years$4,291$3,714$3,204$2,757$2,366$1,859
15 years$3,963$3,393$2,893$2,458$2,083$1,603
16 years$3,677$3,113$2,623$2,201$1,841$1,388
17 years$3,425$2,867$2,387$1,978$1,632$1,204
18 years$3,201$2,649$2,179$1,782$1,451$1,048
19 years$3,001$2,455$1,995$1,611$1,294$913
20 years$2,821$2,281$1,830$1,459$1,156$798
21 years$2,658$2,125$1,684$1,324$1,034$698
22 years$2,511$1,983$1,552$1,204$927$611
23 years$2,376$1,855$1,433$1,096$832$536
24 years$2,253$1,738$1,325$1,000$748$470
25 years$2,140$1,631$1,227$913$673$413
26 years$2,036$1,533$1,138$835$606$363
27 years$1,939$1,443$1,057$764$547$320
28 years$1,850$1,359$983$700$493$282
29 years$1,767$1,283$914$642$445$248
30 years$1,690$1,211$852$589$402$219
31 years$1,617$1,145$794$541$364$193
32 years$1,550$1,083$741$497$329$170
33 years$1,486$1,026$692$457$298$150
34 years$1,427$972$646$421$270$132
35 years$1,371$922$604$387$244$117
36 years$1,318$875$565$357$221$103
37 years$1,268$831$529$329$201$91
38 years$1,221$790$495$303$182$80
39 years$1,177$751$464$279$165$71
40 years$1,135$715$435$258$150$63
41 years$1,095$680$408$238$136$55
42 years$1,057$648$383$219$123$49
43 years$1,021$617$359$203$112$43
44 years$986$589$337$187$101$38
45 years$953$561$317$173$92$34
46 years$922$535$297$160$84$30
47 years$892$511$279$147$76$26
48 years$864$488$262$136$69$23
49 years$836$466$247$126$63$21
50 years$810$445$232$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $830,000, adding $4,393 every year, while hoping to spend $27,225 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: 74/6/20 Blend
58$830,000$830,000$830,000$830,000
59$919,191$875,201$862,336$982,527
60$983,982$889,119$862,257$1,039,073
61$1,054,468$902,806$861,263$1,097,287
62$1,131,203$916,223$859,295$1,160,380
63$1,214,794$929,326$856,290$1,228,833
64$1,305,910$942,070$852,182$1,303,175
65$1,405,287$954,405$846,904$1,383,988
66$1,513,734$966,279$840,384$1,471,915
67$1,632,144$977,636$832,546$1,567,664
68$1,761,499$988,416$823,312$1,672,016
69$1,902,877$998,554$812,599$1,785,831
70$2,057,471$1,007,984$800,321$1,910,057
71$2,226,588$1,016,630$786,387$2,045,739
72$2,411,673$1,024,417$770,703$2,194,029
73$2,614,312$1,031,262$753,170$2,356,197
74$2,836,254$1,037,077$733,684$2,533,641
75$3,079,426$1,041,767$712,136$2,727,904
76$3,345,949$1,045,235$688,414$2,940,686
77$3,638,158$1,047,374$662,398$3,173,862
78$3,958,626$1,048,072$633,965$3,429,496
79$4,310,188$1,047,209$602,985$3,709,865
80$4,695,964$1,044,659$569,322$4,017,479
81$5,119,393$1,040,288$532,834$4,355,104
82$5,584,261$1,033,952$493,374$4,725,789
83$6,094,740$1,025,501$450,787$5,132,893
84$6,655,427$1,014,773$404,911$5,580,123
85$7,271,382$1,001,599$355,578$6,071,559
86$7,948,184$985,798$302,610$6,611,703
87$8,691,975$967,179$245,825$7,205,515
88$9,509,526$945,540$185,029$7,858,462
89$10,408,292$920,666$120,021$8,576,570
90$11,396,489$892,330$50,594$9,366,482
91$12,483,169$860,292$0$10,235,518
92$13,678,303$824,297$0$11,196,763
93$14,992,880$784,077$0$12,265,943
94$16,439,004$739,347$0$13,442,104
95$18,030,013$689,807$0$14,736,104
96$19,780,604$635,137$0$16,159,906
97$21,706,968$575,001$0$17,726,694
98$23,826,947$509,044$0$19,450,994
99$26,160,199$436,890$0$21,348,812
100$28,728,383$358,142$0$23,437,787