Can I retire at age 59 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$68,871$68,257$67,659$67,075$66,504$64,043
2 years$34,095$33,460$32,844$32,247$31,669$29,217
3 years$22,504$21,866$21,252$20,661$20,092$17,726
4 years$16,710$16,074$15,466$14,885$14,330$12,069
5 years$13,234$12,602$12,002$11,433$10,893$8,743
6 years$10,918$10,291$9,700$9,143$8,619$6,581
7 years$9,264$8,642$8,061$7,517$7,010$5,083
8 years$8,024$7,408$6,836$6,306$5,815$3,998
9 years$7,060$6,450$5,888$5,371$4,897$3,187
10 years$6,290$5,685$5,133$4,630$4,173$2,566
11 years$5,660$5,061$4,519$4,030$3,589$2,083
12 years$5,135$4,543$4,011$3,535$3,110$1,701
13 years$4,691$4,105$3,583$3,120$2,712$1,396
14 years$4,311$3,732$3,220$2,770$2,377$1,150
15 years$3,982$3,409$2,907$2,470$2,093$951
16 years$3,695$3,128$2,635$2,212$1,850$788
17 years$3,441$2,880$2,398$1,987$1,640$654
18 years$3,216$2,662$2,189$1,791$1,458$544
19 years$3,015$2,467$2,004$1,618$1,300$453
20 years$2,835$2,292$1,839$1,466$1,161$378
21 years$2,671$2,135$1,692$1,330$1,039$315
22 years$2,523$1,993$1,559$1,209$931$264
23 years$2,388$1,864$1,440$1,102$836$220
24 years$2,264$1,746$1,331$1,005$751$184
25 years$2,150$1,639$1,233$918$676$154
26 years$2,045$1,540$1,144$839$609$129
27 years$1,949$1,450$1,062$768$549$108
28 years$1,859$1,366$987$704$496$91
29 years$1,775$1,289$919$645$447$76
30 years$1,698$1,217$856$592$404$64
31 years$1,625$1,151$798$544$366$53
32 years$1,557$1,089$744$500$331$45
33 years$1,494$1,031$695$460$299$37
34 years$1,434$977$649$423$271$31
35 years$1,378$927$607$389$245$26
36 years$1,325$880$568$358$222$22
37 years$1,275$835$532$330$202$19
38 years$1,227$794$498$304$183$16
39 years$1,183$755$466$281$166$13
40 years$1,140$718$437$259$150$11
41 years$1,100$684$410$239$136$9
42 years$1,062$651$385$220$124$8
43 years$1,025$620$361$204$112$6
44 years$991$591$339$188$102$5
45 years$958$564$318$174$93$5
46 years$927$538$299$160$84$4
47 years$897$513$281$148$76$3
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$2
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $834,000, adding $4,760 every year, while hoping to spend $33,426 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: 76/8/16 Blend
58$834,000$834,000$834,000$834,000
59$923,978$879,776$866,849$990,597
60$982,659$887,320$860,323$1,042,810
61$1,046,205$894,113$852,459$1,095,398
62$1,115,077$900,084$843,175$1,152,146
63$1,189,781$905,155$832,389$1,213,458
64$1,270,877$909,245$820,012$1,279,780
65$1,358,976$912,268$805,951$1,351,604
66$1,454,752$914,130$790,112$1,429,469
67$1,558,949$914,734$772,392$1,513,973
68$1,672,381$913,976$752,687$1,605,774
69$1,795,948$911,745$730,886$1,705,596
70$1,930,638$907,923$706,874$1,814,239
71$2,077,538$902,387$680,529$1,932,582
72$2,237,846$895,003$651,726$2,061,598
73$2,412,881$885,632$620,333$2,202,356
74$2,604,092$874,126$586,212$2,356,037
75$2,813,077$860,326$549,218$2,523,942
76$3,041,595$844,066$509,201$2,707,503
77$3,291,582$825,169$466,004$2,908,303
78$3,565,170$803,449$419,461$3,128,083
79$3,864,705$778,706$369,401$3,368,766
80$4,192,774$750,731$315,644$3,632,468
81$4,552,222$719,302$258,004$3,921,525
82$4,946,186$684,185$196,284$4,238,511
83$5,378,117$645,130$130,280$4,586,263
84$5,851,819$601,876$59,778$4,967,908
85$6,371,480$554,143$0$5,386,895
86$6,941,714$501,640$0$5,849,664
87$7,567,603$444,054$0$6,368,829
88$8,254,744$381,058$0$6,938,833
89$9,009,304$312,306$0$7,564,813
90$9,838,075$237,431$0$8,252,426
91$10,748,541$156,047$0$9,007,906
92$11,748,943$67,745$0$9,838,122
93$12,848,364$0$0$10,750,645
94$14,056,809$0$0$11,756,271
95$15,385,299$0$0$12,868,386
96$16,845,979$0$0$14,091,195
97$18,452,225$0$0$15,435,903
98$20,218,780$0$0$16,914,855
99$22,161,883$0$0$18,541,650
100$24,299,427$0$0$20,331,276