Can I retire at age 59 with 832,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$68,706$68,094$67,497$66,914$66,345$65,300
2 years$34,013$33,379$32,765$32,170$31,593$30,542
3 years$22,450$21,814$21,201$20,612$20,044$19,021
4 years$16,670$16,035$15,429$14,850$14,295$13,308
5 years$13,202$12,572$11,974$11,406$10,867$9,918
6 years$10,892$10,266$9,677$9,121$8,599$7,689
7 years$9,242$8,621$8,041$7,499$6,993$6,123
8 years$8,005$7,390$6,820$6,291$5,801$4,971
9 years$7,043$6,434$5,874$5,358$4,886$4,094
10 years$6,275$5,672$5,121$4,619$4,163$3,410
11 years$5,646$5,049$4,508$4,020$3,580$2,865
12 years$5,123$4,532$4,001$3,526$3,103$2,424
13 years$4,680$4,095$3,575$3,113$2,705$2,063
14 years$4,301$3,723$3,212$2,763$2,372$1,764
15 years$3,973$3,401$2,900$2,464$2,088$1,514
16 years$3,686$3,120$2,629$2,207$1,845$1,304
17 years$3,433$2,873$2,392$1,983$1,636$1,126
18 years$3,209$2,655$2,184$1,787$1,455$975
19 years$3,008$2,461$1,999$1,614$1,297$845
20 years$2,828$2,287$1,835$1,462$1,158$734
21 years$2,665$2,130$1,688$1,327$1,037$639
22 years$2,517$1,988$1,555$1,207$929$557
23 years$2,382$1,860$1,436$1,099$834$486
24 years$2,258$1,742$1,328$1,002$750$424
25 years$2,145$1,635$1,230$915$675$370
26 years$2,041$1,537$1,141$837$608$324
27 years$1,944$1,446$1,060$766$548$283
28 years$1,854$1,363$985$702$494$248
29 years$1,771$1,286$917$644$446$217
30 years$1,694$1,214$854$591$403$190
31 years$1,621$1,148$796$542$365$167
32 years$1,553$1,086$743$499$330$146
33 years$1,490$1,028$693$458$299$128
34 years$1,430$975$648$422$270$113
35 years$1,374$925$606$388$245$99
36 years$1,321$878$567$358$222$87
37 years$1,272$833$530$330$201$76
38 years$1,224$792$497$304$182$67
39 years$1,180$753$465$280$165$59
40 years$1,137$717$436$258$150$51
41 years$1,097$682$409$238$136$45
42 years$1,059$650$384$220$123$40
43 years$1,023$619$360$203$112$35
44 years$989$590$338$187$102$31
45 years$956$563$317$173$92$27
46 years$924$537$298$160$84$24
47 years$894$512$280$148$76$21
48 years$866$489$263$137$69$18
49 years$838$467$247$126$63$16
50 years$812$446$232$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $832,000, adding $3,383 every year, while hoping to spend $44,258 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: 50/24/26 Blend
58$832,000$832,000$832,000$832,000
59$920,354$876,258$863,362$959,466
60$967,139$872,104$845,194$982,932
61$1,017,214$866,264$824,934$1,003,715
62$1,070,866$858,607$802,466$1,025,422
63$1,128,413$848,997$777,667$1,048,160
64$1,190,201$837,288$750,409$1,072,049
65$1,256,613$823,326$720,559$1,097,226
66$1,328,066$806,948$687,976$1,123,841
67$1,405,021$787,980$652,515$1,152,067
68$1,487,982$766,240$614,024$1,182,094
69$1,577,504$741,534$572,342$1,214,136
70$1,674,197$713,656$527,302$1,248,433
71$1,778,729$682,390$478,731$1,285,252
72$1,891,837$647,505$426,446$1,324,892
73$2,014,330$608,758$370,258$1,367,686
74$2,147,098$565,893$309,968$1,414,007
75$2,291,118$518,638$245,368$1,464,270
76$2,447,466$466,705$176,241$1,518,937
77$2,617,325$409,791$102,363$1,578,523
78$2,801,997$347,576$23,497$1,643,601
79$3,002,913$279,719$0$1,714,809
80$3,221,648$205,863$0$1,809,685
81$3,459,936$125,631$0$1,920,239
82$3,719,684$38,621$0$2,040,893
83$4,002,992$0$0$2,172,700
84$4,312,170$0$0$2,331,498
85$4,649,762$0$0$2,516,109
86$5,018,568$0$0$2,717,875
87$5,421,669$0$0$2,938,492
88$5,862,460$0$0$3,179,829
89$6,344,676$0$0$3,443,943
90$6,872,432$0$0$3,733,099
91$7,450,258$0$0$4,049,793
92$8,083,143$0$0$4,396,770
93$8,776,580$0$0$4,777,057
94$9,536,620$0$0$5,193,986
95$10,369,927$0$0$5,651,226
96$11,283,838$0$0$6,152,819
97$12,286,438$0$0$6,703,217
98$13,386,630$0$0$7,307,325
99$14,594,221$0$0$7,970,544
100$15,920,015$0$0$8,698,824