Can I retire at age 59 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$68,788$68,176$67,578$66,994$66,425$64,221
2 years$34,054$33,419$32,805$32,209$31,631$29,432
3 years$22,477$21,840$21,227$20,637$20,068$17,943
4 years$16,690$16,055$15,448$14,867$14,313$12,278
5 years$13,218$12,587$11,988$11,420$10,880$8,941
6 years$10,905$10,278$9,688$9,132$8,609$6,767
7 years$9,253$8,632$8,051$7,508$7,002$5,257
8 years$8,015$7,399$6,828$6,298$5,808$4,159
9 years$7,052$6,442$5,881$5,365$4,892$3,336
10 years$6,282$5,678$5,127$4,625$4,168$2,704
11 years$5,653$5,055$4,514$4,025$3,584$2,209
12 years$5,129$4,537$4,006$3,530$3,106$1,816
13 years$4,686$4,100$3,579$3,117$2,709$1,500
14 years$4,306$3,727$3,216$2,767$2,374$1,245
15 years$3,978$3,405$2,903$2,467$2,091$1,036
16 years$3,691$3,124$2,632$2,209$1,848$865
17 years$3,437$2,877$2,395$1,985$1,638$723
18 years$3,213$2,658$2,187$1,789$1,457$606
19 years$3,012$2,464$2,002$1,616$1,298$509
20 years$2,831$2,289$1,837$1,464$1,160$428
21 years$2,668$2,133$1,690$1,329$1,038$360
22 years$2,520$1,991$1,557$1,208$930$303
23 years$2,385$1,862$1,438$1,100$835$255
24 years$2,261$1,744$1,330$1,003$751$215
25 years$2,148$1,637$1,232$916$675$182
26 years$2,043$1,539$1,142$838$608$153
27 years$1,946$1,448$1,061$767$549$129
28 years$1,857$1,364$986$703$495$109
29 years$1,773$1,287$918$644$447$92
30 years$1,696$1,216$855$591$404$78
31 years$1,623$1,149$797$543$365$66
32 years$1,555$1,087$744$499$330$56
33 years$1,492$1,030$694$459$299$47
34 years$1,432$976$649$422$271$40
35 years$1,376$926$606$389$245$34
36 years$1,323$879$567$358$222$28
37 years$1,273$834$531$330$201$24
38 years$1,226$793$497$304$182$20
39 years$1,181$754$466$280$165$17
40 years$1,139$717$437$259$150$15
41 years$1,099$683$409$239$136$12
42 years$1,061$650$384$220$124$10
43 years$1,024$620$360$203$112$9
44 years$990$591$338$188$102$7
45 years$957$563$318$173$92$6
46 years$925$537$298$160$84$5
47 years$895$513$280$148$76$5
48 years$867$490$263$137$69$4
49 years$839$467$248$126$63$3
50 years$813$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $833,000, adding $5,327 every year, while hoping to spend $40,106 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: 66/14/20 Blend
58$833,000$833,000$833,000$833,000
59$923,461$879,312$866,400$979,428
60$974,981$879,726$852,752$1,018,035
61$1,030,413$878,816$837,303$1,055,133
62$1,090,112$876,474$819,949$1,094,735
63$1,154,470$872,588$800,584$1,137,086
64$1,223,917$867,036$779,095$1,182,458
65$1,298,926$859,691$755,364$1,231,153
66$1,380,017$850,416$729,269$1,283,503
67$1,467,759$839,067$700,681$1,339,875
68$1,562,781$825,492$669,464$1,400,675
69$1,665,773$809,529$635,479$1,466,354
70$1,777,493$791,007$598,579$1,537,406
71$1,898,776$769,745$558,609$1,614,381
72$2,030,538$745,550$515,410$1,697,885
73$2,173,790$718,219$468,814$1,788,588
74$2,329,642$687,537$418,645$1,887,229
75$2,499,316$653,277$364,720$1,994,626
76$2,684,157$615,197$306,848$2,111,683
77$2,885,643$573,044$244,830$2,239,397
78$3,105,404$526,548$178,456$2,378,870
79$3,345,231$475,425$107,510$2,531,318
80$3,607,097$419,373$31,764$2,698,086
81$3,893,174$358,076$0$2,880,658
82$4,205,852$291,197$0$3,091,143
83$4,547,765$218,381$0$3,328,795
84$4,921,810$139,254$0$3,588,879
85$5,331,177$53,421$0$3,873,659
86$5,779,381$0$0$4,185,628
87$6,270,292$0$0$4,533,626
88$6,808,170$0$0$4,923,989
89$7,397,708$0$0$5,351,898
90$8,044,075$0$0$5,821,113
91$8,752,963$0$0$6,335,772
92$9,530,642$0$0$6,900,434
93$10,384,017$0$0$7,520,123
94$11,320,697$0$0$8,200,369
95$12,349,059$0$0$8,947,265
96$13,478,334$0$0$9,767,524
97$14,718,690$0$0$10,668,540
98$16,081,328$0$0$11,658,459
99$17,578,587$0$0$12,746,254
100$19,224,060$0$0$13,941,811