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%12.5%
1 years$68,541$67,930$67,334$66,753$66,185$65,494
2 years$33,931$33,299$32,687$32,093$31,517$30,821
3 years$22,396$21,761$21,150$20,562$19,996$19,316
4 years$16,630$15,997$15,392$14,814$14,261$13,604
5 years$13,171$12,542$11,945$11,378$10,841$10,208
6 years$10,865$10,241$9,653$9,099$8,578$7,969
7 years$9,220$8,601$8,022$7,481$6,976$6,392
8 years$7,986$7,372$6,803$6,276$5,788$5,229
9 years$7,026$6,419$5,860$5,346$4,874$4,340
10 years$6,260$5,658$5,109$4,608$4,153$3,643
11 years$5,633$5,037$4,497$4,010$3,572$3,086
12 years$5,110$4,521$3,991$3,518$3,095$2,632
13 years$4,669$4,086$3,566$3,105$2,699$2,259
14 years$4,291$3,714$3,204$2,757$2,366$1,948
15 years$3,963$3,393$2,893$2,458$2,083$1,687
16 years$3,677$3,113$2,623$2,201$1,841$1,466
17 years$3,425$2,867$2,387$1,978$1,632$1,278
18 years$3,201$2,649$2,179$1,782$1,451$1,117
19 years$3,001$2,455$1,995$1,611$1,294$978
20 years$2,821$2,281$1,830$1,459$1,156$858
21 years$2,658$2,125$1,684$1,324$1,034$754
22 years$2,511$1,983$1,552$1,204$927$663
23 years$2,376$1,855$1,433$1,096$832$584
24 years$2,253$1,738$1,325$1,000$748$515
25 years$2,140$1,631$1,227$913$673$455
26 years$2,036$1,533$1,138$835$606$402
27 years$1,939$1,443$1,057$764$547$355
28 years$1,850$1,359$983$700$493$314
29 years$1,767$1,283$914$642$445$278
30 years$1,690$1,211$852$589$402$246
31 years$1,617$1,145$794$541$364$218
32 years$1,550$1,083$741$497$329$193
33 years$1,486$1,026$692$457$298$171
34 years$1,427$972$646$421$270$152
35 years$1,371$922$604$387$244$135
36 years$1,318$875$565$357$221$120
37 years$1,268$831$529$329$201$106
38 years$1,221$790$495$303$182$94
39 years$1,177$751$464$279$165$84
40 years$1,135$715$435$258$150$74
41 years$1,095$680$408$238$136$66
42 years$1,057$648$383$219$123$59
43 years$1,021$617$359$203$112$52
44 years$986$589$337$187$101$46
45 years$953$561$317$173$92$41
46 years$922$535$297$160$84$36
47 years$892$511$279$147$76$32
48 years$864$488$262$136$69$29
49 years$836$466$247$126$63$26
50 years$810$445$232$116$57$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $830,000, adding $4,743 every year, while hoping to spend $32,708 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: 77/13/10 Blend
58$830,000$830,000$830,000$830,000
59$919,552$875,562$862,697$988,405
60$978,546$883,664$856,797$1,042,462
61$1,042,460$891,066$849,602$1,097,058
62$1,111,763$897,700$841,036$1,155,984
63$1,186,968$903,493$831,016$1,219,656
64$1,268,642$908,367$819,457$1,288,535
65$1,357,404$912,238$806,271$1,363,129
66$1,453,941$915,019$791,362$1,443,995
67$1,559,004$916,616$774,634$1,531,751
68$1,673,421$916,929$755,983$1,627,073
69$1,798,104$915,852$735,302$1,730,712
70$1,934,055$913,274$712,479$1,843,489
71$2,082,378$909,074$687,397$1,966,315
72$2,244,289$903,127$659,933$2,100,189
73$2,421,124$895,297$629,958$2,246,215
74$2,614,355$885,444$597,338$2,405,610
75$2,825,604$873,415$561,934$2,579,713
76$3,056,655$859,051$523,598$2,770,001
77$3,309,472$842,183$482,176$2,978,105
78$3,586,219$822,631$437,510$3,205,817
79$3,889,279$800,205$389,432$3,455,117
80$4,221,274$774,705$337,767$3,728,186
81$4,585,095$745,916$282,333$4,027,428
82$4,983,923$713,614$222,940$4,355,491
83$5,421,262$677,560$159,388$4,715,298
84$5,900,973$637,503$91,469$5,110,067
85$6,427,307$593,175$18,968$5,543,348
86$7,004,947$544,295$0$6,019,053
87$7,639,050$490,564$0$6,547,725
88$8,335,300$431,668$0$7,130,450
89$9,099,954$367,274$0$7,770,469
90$9,939,909$297,030$0$8,473,585
91$10,862,759$220,564$0$9,246,190
92$11,876,873$137,484$0$10,095,334
93$12,991,469$47,376$0$11,028,780
94$14,216,703$0$0$12,055,088
95$15,563,765$0$0$13,190,870
96$17,044,981$0$0$14,447,249
97$18,673,932$0$0$15,828,973
98$20,465,584$0$0$17,348,738
99$22,436,421$0$0$19,020,533
100$24,604,610$0$0$20,859,771