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%18.5%
1 years$68,706$68,094$67,497$66,914$66,345$64,067
2 years$34,013$33,379$32,765$32,170$31,593$29,321
3 years$22,450$21,814$21,201$20,612$20,044$17,850
4 years$16,670$16,035$15,429$14,850$14,295$12,196
5 years$13,202$12,572$11,974$11,406$10,867$8,867
6 years$10,892$10,266$9,677$9,121$8,599$6,700
7 years$9,242$8,621$8,041$7,499$6,993$5,196
8 years$8,005$7,390$6,820$6,291$5,801$4,104
9 years$7,043$6,434$5,874$5,358$4,886$3,286
10 years$6,275$5,672$5,121$4,619$4,163$2,658
11 years$5,646$5,049$4,508$4,020$3,580$2,167
12 years$5,123$4,532$4,001$3,526$3,103$1,778
13 years$4,680$4,095$3,575$3,113$2,705$1,466
14 years$4,301$3,723$3,212$2,763$2,372$1,214
15 years$3,973$3,401$2,900$2,464$2,088$1,008
16 years$3,686$3,120$2,629$2,207$1,845$840
17 years$3,433$2,873$2,392$1,983$1,636$701
18 years$3,209$2,655$2,184$1,787$1,455$586
19 years$3,008$2,461$1,999$1,614$1,297$491
20 years$2,828$2,287$1,835$1,462$1,158$411
21 years$2,665$2,130$1,688$1,327$1,037$345
22 years$2,517$1,988$1,555$1,207$929$290
23 years$2,382$1,860$1,436$1,099$834$244
24 years$2,258$1,742$1,328$1,002$750$205
25 years$2,145$1,635$1,230$915$675$173
26 years$2,041$1,537$1,141$837$608$145
27 years$1,944$1,446$1,060$766$548$122
28 years$1,854$1,363$985$702$494$103
29 years$1,771$1,286$917$644$446$87
30 years$1,694$1,214$854$591$403$73
31 years$1,621$1,148$796$542$365$62
32 years$1,553$1,086$743$499$330$52
33 years$1,490$1,028$693$458$299$44
34 years$1,430$975$648$422$270$37
35 years$1,374$925$606$388$245$31
36 years$1,321$878$567$358$222$26
37 years$1,272$833$530$330$201$22
38 years$1,224$792$497$304$182$19
39 years$1,180$753$465$280$165$16
40 years$1,137$717$436$258$150$13
41 years$1,097$682$409$238$136$11
42 years$1,059$650$384$220$123$10
43 years$1,023$619$360$203$112$8
44 years$989$590$338$187$102$7
45 years$956$563$317$173$92$6
46 years$924$537$298$160$84$5
47 years$894$512$280$148$76$4
48 years$866$489$263$137$69$3
49 years$838$467$247$126$63$3
50 years$812$446$232$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $832,000, adding $3,597 every year, while hoping to spend $37,936 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$832,000$832,000$832,000$832,000
59$920,574$876,478$863,582$984,062
60$974,109$879,062$852,149$1,029,270
61$1,031,833$880,501$839,061$1,073,836
62$1,094,134$880,699$824,223$1,121,698
63$1,161,436$879,554$807,535$1,173,175
64$1,234,208$876,957$788,892$1,228,621
65$1,312,963$872,794$768,186$1,288,425
66$1,398,266$866,942$745,301$1,353,015
67$1,490,739$859,272$720,118$1,422,867
68$1,591,064$849,646$692,512$1,498,503
69$1,699,993$837,919$662,352$1,580,499
70$1,818,351$823,936$629,500$1,669,490
71$1,947,049$807,535$593,814$1,766,180
72$2,087,085$788,542$555,144$1,871,340
73$2,239,561$766,773$513,334$1,985,826
74$2,405,686$742,034$468,220$2,110,577
75$2,586,793$714,121$419,633$2,246,633
76$2,784,348$682,815$367,393$2,395,140
77$2,999,965$647,887$311,315$2,557,360
78$3,235,422$609,094$251,204$2,734,686
79$3,492,673$566,177$186,857$2,928,657
80$3,773,871$518,866$118,062$3,140,966
81$4,081,388$466,872$44,599$3,373,483
82$4,417,832$409,892$0$3,628,271
83$4,786,079$347,604$0$3,914,815
84$5,189,291$279,669$0$4,239,035
85$5,630,955$205,729$0$4,594,224
86$6,114,908$125,405$0$4,983,487
87$6,645,377$38,298$0$5,410,245
88$7,227,015$0$0$5,878,266
89$7,864,951$0$0$6,395,402
90$8,564,831$0$0$6,965,564
91$9,332,875$0$0$7,591,293
92$10,175,934$0$0$8,278,177
93$11,101,555$0$0$9,032,370
94$12,118,050$0$0$9,860,649
95$13,234,579$0$0$10,770,482
96$14,461,229$0$0$11,770,096
97$15,809,114$0$0$12,868,553
98$17,290,478$0$0$14,075,836
99$18,918,809$0$0$15,402,945
100$20,708,968$0$0$16,861,998