Can I retire at age 59 with 833,000?

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 $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%12%
1 years$68,788$68,176$67,578$66,994$66,425$65,868
2 years$34,054$33,419$32,805$32,209$31,631$31,070
3 years$22,477$21,840$21,227$20,637$20,068$19,520
4 years$16,690$16,055$15,448$14,867$14,313$13,782
5 years$13,218$12,587$11,988$11,420$10,880$10,368
6 years$10,905$10,278$9,688$9,132$8,609$8,117
7 years$9,253$8,632$8,051$7,508$7,002$6,529
8 years$8,015$7,399$6,828$6,298$5,808$5,355
9 years$7,052$6,442$5,881$5,365$4,892$4,458
10 years$6,282$5,678$5,127$4,625$4,168$3,753
11 years$5,653$5,055$4,514$4,025$3,584$3,189
12 years$5,129$4,537$4,006$3,530$3,106$2,729
13 years$4,686$4,100$3,579$3,117$2,709$2,350
14 years$4,306$3,727$3,216$2,767$2,374$2,033
15 years$3,978$3,405$2,903$2,467$2,091$1,767
16 years$3,691$3,124$2,632$2,209$1,848$1,541
17 years$3,437$2,877$2,395$1,985$1,638$1,347
18 years$3,213$2,658$2,187$1,789$1,457$1,181
19 years$3,012$2,464$2,002$1,616$1,298$1,038
20 years$2,831$2,289$1,837$1,464$1,160$914
21 years$2,668$2,133$1,690$1,329$1,038$806
22 years$2,520$1,991$1,557$1,208$930$712
23 years$2,385$1,862$1,438$1,100$835$630
24 years$2,261$1,744$1,330$1,003$751$557
25 years$2,148$1,637$1,232$916$675$494
26 years$2,043$1,539$1,142$838$608$438
27 years$1,946$1,448$1,061$767$549$389
28 years$1,857$1,364$986$703$495$345
29 years$1,773$1,287$918$644$447$307
30 years$1,696$1,216$855$591$404$273
31 years$1,623$1,149$797$543$365$243
32 years$1,555$1,087$744$499$330$216
33 years$1,492$1,030$694$459$299$192
34 years$1,432$976$649$422$271$171
35 years$1,376$926$606$389$245$153
36 years$1,323$879$567$358$222$136
37 years$1,273$834$531$330$201$121
38 years$1,226$793$497$304$182$108
39 years$1,181$754$466$280$165$96
40 years$1,139$717$437$259$150$86
41 years$1,099$683$409$239$136$77
42 years$1,061$650$384$220$124$68
43 years$1,024$620$360$203$112$61
44 years$990$591$338$188$102$54
45 years$957$563$318$173$92$48
46 years$925$537$298$160$84$43
47 years$895$513$280$148$76$39
48 years$867$490$263$137$69$34
49 years$839$467$248$126$63$31
50 years$813$447$233$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $833,000, adding $3,248 every year, while hoping to spend $27,017 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: 28/49/23 Blend
58$833,000$833,000$833,000$833,000
59$921,316$877,167$864,256$940,390
60$986,545$891,403$864,463$969,818
61$1,057,521$905,430$863,771$998,819
62$1,134,803$919,211$862,122$1,029,412
63$1,219,004$932,703$859,454$1,061,753
64$1,310,799$945,863$855,703$1,096,010
65$1,410,933$958,643$850,801$1,132,372
66$1,520,223$970,991$844,678$1,171,050
67$1,639,570$982,854$837,259$1,212,276
68$1,769,966$994,173$828,466$1,256,306
69$1,912,501$1,004,886$818,219$1,303,428
70$2,068,378$1,014,927$806,430$1,353,956
71$2,238,919$1,024,225$793,013$1,408,243
72$2,425,582$1,032,706$777,872$1,466,676
73$2,629,971$1,040,288$760,910$1,529,687
74$2,853,852$1,046,886$742,025$1,597,752
75$3,099,172$1,052,410$721,109$1,671,400
76$3,368,072$1,056,763$698,051$1,751,215
77$3,662,912$1,059,841$672,733$1,837,845
78$3,986,293$1,061,537$645,033$1,932,007
79$4,341,075$1,061,733$614,822$2,034,493
80$4,730,413$1,060,306$581,967$2,146,183
81$5,157,780$1,057,126$546,328$2,268,046
82$5,627,002$1,052,053$507,758$2,401,158
83$6,142,293$1,044,940$466,104$2,546,707
84$6,708,295$1,035,631$421,207$2,706,007
85$7,330,124$1,023,959$372,900$2,880,511
86$8,013,413$1,009,750$321,009$3,071,826
87$8,764,369$992,816$265,351$3,281,729
88$9,589,831$972,960$205,737$3,512,183
89$10,497,332$949,973$141,967$3,765,358
90$11,495,173$923,635$73,836$4,043,652
91$12,592,497$893,709$1,126$4,349,716
92$13,799,380$859,950$0$4,686,476
93$15,126,922$822,093$0$5,075,933
94$16,587,354$779,861$0$5,504,410
95$18,194,150$732,960$0$5,975,634
96$19,962,159$681,081$0$6,494,029
97$21,907,739$623,894$0$7,064,471
98$24,048,915$561,052$0$7,692,345
99$26,405,550$492,188$0$8,383,589
100$28,999,525$416,914$0$9,144,757