Can I retire at age 59 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$69,036$68,421$67,821$67,236$66,664$65,858
2 years$34,176$33,540$32,923$32,325$31,745$30,934
3 years$22,558$21,919$21,303$20,711$20,140$19,349
4 years$16,750$16,113$15,503$14,921$14,364$13,599
5 years$13,266$12,632$12,031$11,461$10,919$10,183
6 years$10,944$10,315$9,723$9,165$8,640$7,933
7 years$9,286$8,663$8,080$7,535$7,027$6,349
8 years$8,043$7,426$6,852$6,321$5,829$5,181
9 years$7,077$6,465$5,902$5,384$4,909$4,290
10 years$6,305$5,699$5,145$4,641$4,183$3,593
11 years$5,673$5,073$4,530$4,039$3,597$3,036
12 years$5,147$4,554$4,020$3,543$3,117$2,583
13 years$4,703$4,115$3,592$3,128$2,718$2,211
14 years$4,322$3,741$3,227$2,777$2,383$1,902
15 years$3,992$3,417$2,914$2,476$2,098$1,643
16 years$3,704$3,135$2,642$2,217$1,854$1,424
17 years$3,450$2,887$2,404$1,992$1,644$1,237
18 years$3,224$2,668$2,194$1,795$1,462$1,078
19 years$3,023$2,473$2,009$1,622$1,303$941
20 years$2,841$2,298$1,844$1,469$1,164$823
21 years$2,678$2,140$1,696$1,333$1,042$721
22 years$2,529$1,998$1,563$1,212$934$633
23 years$2,393$1,869$1,443$1,104$838$556
24 years$2,269$1,751$1,335$1,007$753$488
25 years$2,155$1,643$1,236$920$678$430
26 years$2,050$1,544$1,146$841$611$379
27 years$1,953$1,453$1,065$770$550$334
28 years$1,863$1,369$990$705$497$294
29 years$1,780$1,292$921$647$449$260
30 years$1,702$1,220$858$594$405$229
31 years$1,629$1,153$800$545$366$202
32 years$1,561$1,091$746$501$331$179
33 years$1,497$1,033$697$461$300$158
34 years$1,437$979$651$424$272$140
35 years$1,381$929$609$390$246$123
36 years$1,328$882$569$359$223$109
37 years$1,278$837$533$331$202$96
38 years$1,230$796$499$305$183$85
39 years$1,185$757$468$281$166$76
40 years$1,143$720$438$260$151$67
41 years$1,103$685$411$239$137$59
42 years$1,064$653$385$221$124$52
43 years$1,028$622$362$204$113$46
44 years$993$593$340$188$102$41
45 years$960$565$319$174$93$36
46 years$929$539$299$161$84$32
47 years$899$515$281$148$76$28
48 years$870$491$264$137$69$25
49 years$843$469$248$127$63$22
50 years$816$448$234$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $836,000, adding $2,315 every year, while hoping to spend $51,292 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: 52/37/11 Blend
58$836,000$836,000$836,000$836,000
59$923,660$879,352$866,394$968,914
60$963,299$867,866$840,844$988,530
61$1,005,262$854,098$812,719$1,004,164
62$1,049,732$837,882$781,878$1,019,980
63$1,096,909$819,043$748,175$1,036,008
64$1,147,011$797,393$711,457$1,052,282
65$1,200,278$772,737$671,562$1,068,847
66$1,256,970$744,865$628,323$1,085,750
67$1,317,375$713,557$581,565$1,103,052
68$1,381,804$678,578$531,105$1,120,820
69$1,450,602$639,683$476,751$1,139,133
70$1,524,145$596,609$418,304$1,158,084
71$1,602,846$549,080$355,555$1,177,776
72$1,687,155$496,804$288,285$1,198,333
73$1,777,570$439,473$216,268$1,219,892
74$1,874,635$376,760$139,265$1,242,611
75$1,978,946$308,320$57,029$1,266,672
76$2,091,160$233,788$0$1,292,279
77$2,211,996$152,782$0$1,323,271
78$2,342,245$64,893$0$1,363,683
79$2,482,774$0$0$1,407,146
80$2,634,539$0$0$1,466,369
81$2,798,587$0$0$1,559,011
82$2,976,071$0$0$1,659,308
83$3,168,257$0$0$1,767,986
84$3,376,538$0$0$1,885,842
85$3,602,445$0$0$2,013,750
86$3,847,661$0$0$2,152,675
87$4,114,040$0$0$2,303,677
88$4,403,617$0$0$2,467,920
89$4,718,634$0$0$2,646,689
90$5,061,558$0$0$2,841,393
91$5,435,100$0$0$3,053,587
92$5,842,248$0$0$3,284,979
93$6,286,287$0$0$3,537,451
94$6,770,834$0$0$3,813,074
95$7,299,870$0$0$4,114,126
96$7,877,778$0$0$4,443,117
97$8,509,382$0$0$4,802,810
98$9,199,994$0$0$5,196,246
99$9,955,463$0$0$5,626,774
100$10,782,226$0$0$6,098,082