Can I retire at age 59 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$68,706$68,094$67,497$66,914$66,345$65,927
2 years$34,013$33,379$32,765$32,170$31,593$31,171
3 years$22,450$21,814$21,201$20,612$20,044$19,631
4 years$16,670$16,035$15,429$14,850$14,295$13,896
5 years$13,202$12,572$11,974$11,406$10,867$10,481
6 years$10,892$10,266$9,677$9,121$8,599$8,227
7 years$9,242$8,621$8,041$7,499$6,993$6,636
8 years$8,005$7,390$6,820$6,291$5,801$5,459
9 years$7,043$6,434$5,874$5,358$4,886$4,557
10 years$6,275$5,672$5,121$4,619$4,163$3,849
11 years$5,646$5,049$4,508$4,020$3,580$3,280
12 years$5,123$4,532$4,001$3,526$3,103$2,816
13 years$4,680$4,095$3,575$3,113$2,705$2,432
14 years$4,301$3,723$3,212$2,763$2,372$2,112
15 years$3,973$3,401$2,900$2,464$2,088$1,841
16 years$3,686$3,120$2,629$2,207$1,845$1,611
17 years$3,433$2,873$2,392$1,983$1,636$1,414
18 years$3,209$2,655$2,184$1,787$1,455$1,244
19 years$3,008$2,461$1,999$1,614$1,297$1,097
20 years$2,828$2,287$1,835$1,462$1,158$969
21 years$2,665$2,130$1,688$1,327$1,037$858
22 years$2,517$1,988$1,555$1,207$929$761
23 years$2,382$1,860$1,436$1,099$834$675
24 years$2,258$1,742$1,328$1,002$750$600
25 years$2,145$1,635$1,230$915$675$534
26 years$2,041$1,537$1,141$837$608$475
27 years$1,944$1,446$1,060$766$548$424
28 years$1,854$1,363$985$702$494$378
29 years$1,771$1,286$917$644$446$337
30 years$1,694$1,214$854$591$403$301
31 years$1,621$1,148$796$542$365$269
32 years$1,553$1,086$743$499$330$240
33 years$1,490$1,028$693$458$299$215
34 years$1,430$975$648$422$270$192
35 years$1,374$925$606$388$245$172
36 years$1,321$878$567$358$222$154
37 years$1,272$833$530$330$201$138
38 years$1,224$792$497$304$182$123
39 years$1,180$753$465$280$165$110
40 years$1,137$717$436$258$150$99
41 years$1,097$682$409$238$136$88
42 years$1,059$650$384$220$123$79
43 years$1,023$619$360$203$112$71
44 years$989$590$338$187$102$64
45 years$956$563$317$173$92$57
46 years$924$537$298$160$84$51
47 years$894$512$280$148$76$46
48 years$866$489$263$137$69$41
49 years$838$467$247$126$63$37
50 years$812$446$232$117$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $832,000, adding $4,223 every year, while hoping to spend $31,871 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: 76/17/7 Blend
58$832,000$832,000$832,000$832,000
59$921,220$877,124$864,228$990,096
60$981,274$886,193$859,269$1,045,026
61$1,046,385$894,637$853,076$1,100,710
62$1,117,036$902,394$845,574$1,160,819
63$1,193,757$909,394$836,683$1,225,780
64$1,277,130$915,565$826,323$1,296,061
65$1,367,799$920,829$814,406$1,372,181
66$1,466,469$925,104$800,842$1,454,710
67$1,573,916$928,301$785,538$1,544,276
68$1,690,995$930,328$768,394$1,641,570
69$1,818,648$931,086$749,306$1,747,357
70$1,957,909$930,468$728,167$1,862,476
71$2,109,918$928,363$704,863$1,987,854
72$2,275,930$924,653$679,276$2,124,512
73$2,457,325$919,211$651,282$2,273,575
74$2,655,624$911,904$620,751$2,436,283
75$2,872,500$902,590$587,549$2,614,004
76$3,109,797$891,119$551,534$2,808,244
77$3,369,544$877,331$512,558$3,020,663
78$3,653,975$861,058$470,466$3,253,092
79$3,965,551$842,120$425,097$3,507,548
80$4,306,982$820,329$376,283$3,786,256
81$4,681,253$795,484$323,847$4,091,667
82$5,091,651$767,373$267,606$4,426,482
83$5,541,796$735,771$207,368$4,793,680
84$6,035,676$700,441$142,931$5,196,545
85$6,577,683$661,130$74,088$5,638,694
86$7,172,656$617,575$619$6,124,118
87$7,825,923$569,492$0$6,657,213
88$8,543,356$516,586$0$7,248,635
89$9,331,421$458,542$0$7,898,345
90$10,197,243$395,028$0$8,612,203
91$11,148,671$325,693$0$9,396,721
92$12,194,350$250,167$0$10,259,075
93$13,343,807$168,058$0$11,207,171
94$14,607,537$78,954$0$12,249,727
95$15,997,100$0$0$13,396,347
96$17,525,236$0$0$14,660,908
97$19,205,979$0$0$16,068,034
98$21,054,793$0$0$17,615,906
99$23,088,715$0$0$19,318,792
100$25,326,517$0$0$21,192,414