Can I retire at age 59 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$69,201$68,585$67,983$67,396$66,823$65,555
2 years$34,258$33,620$33,002$32,402$31,821$30,547
3 years$22,612$21,971$21,354$20,760$20,188$18,950
4 years$16,790$16,151$15,540$14,957$14,398$13,205
5 years$13,298$12,663$12,060$11,488$10,945$9,800
6 years$10,970$10,340$9,746$9,187$8,661$7,565
7 years$9,308$8,684$8,099$7,553$7,044$5,997
8 years$8,063$7,443$6,869$6,336$5,843$4,846
9 years$7,094$6,481$5,916$5,397$4,921$3,973
10 years$6,320$5,712$5,158$4,652$4,193$3,292
11 years$5,687$5,086$4,541$4,049$3,606$2,752
12 years$5,160$4,564$4,030$3,551$3,125$2,317
13 years$4,714$4,125$3,600$3,135$2,725$1,961
14 years$4,332$3,749$3,235$2,783$2,389$1,668
15 years$4,002$3,425$2,921$2,482$2,103$1,424
16 years$3,713$3,143$2,648$2,223$1,859$1,219
17 years$3,458$2,894$2,410$1,997$1,648$1,047
18 years$3,232$2,674$2,200$1,800$1,465$901
19 years$3,030$2,479$2,014$1,626$1,306$777
20 years$2,848$2,303$1,848$1,473$1,167$671
21 years$2,684$2,145$1,700$1,337$1,044$580
22 years$2,535$2,003$1,567$1,215$936$502
23 years$2,399$1,873$1,447$1,107$840$436
24 years$2,275$1,755$1,338$1,009$755$378
25 years$2,160$1,647$1,239$922$679$328
26 years$2,055$1,548$1,149$843$612$285
27 years$1,958$1,457$1,067$772$552$248
28 years$1,868$1,373$992$707$498$216
29 years$1,784$1,295$923$648$450$188
30 years$1,706$1,223$860$595$406$163
31 years$1,633$1,156$802$546$367$142
32 years$1,565$1,094$748$502$332$124
33 years$1,501$1,036$698$462$301$108
34 years$1,441$982$653$425$272$94
35 years$1,384$931$610$391$247$82
36 years$1,331$884$571$360$223$71
37 years$1,281$839$534$332$202$62
38 years$1,233$798$500$306$184$54
39 years$1,188$759$469$282$166$47
40 years$1,146$722$439$260$151$41
41 years$1,105$687$412$240$137$36
42 years$1,067$654$386$222$124$31
43 years$1,030$623$363$204$113$27
44 years$996$594$340$189$102$24
45 years$963$567$320$174$93$21
46 years$931$541$300$161$84$18
47 years$901$516$282$149$77$16
48 years$872$492$265$138$70$14
49 years$845$470$249$127$63$12
50 years$818$449$234$117$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $838,000, adding $2,337 every year, while hoping to spend $23,967 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: 76/5/19 Blend
58$838,000$838,000$838,000$838,000
59$925,887$881,473$868,484$992,013
60$994,826$899,164$872,077$1,053,795
61$1,069,995$916,919$874,988$1,118,322
62$1,152,002$934,716$877,167$1,188,438
63$1,241,519$952,529$878,565$1,264,692
64$1,339,285$970,335$879,128$1,347,694
65$1,446,113$988,103$878,801$1,438,112
66$1,562,901$1,005,804$877,524$1,536,682
67$1,690,633$1,023,404$875,238$1,644,218
68$1,830,396$1,040,869$871,876$1,761,614
69$1,983,385$1,058,161$867,373$1,889,857
70$2,150,917$1,075,237$861,657$2,030,033
71$2,334,442$1,092,055$854,654$2,183,341
72$2,535,556$1,108,568$846,286$2,351,099
73$2,756,019$1,124,724$836,473$2,534,762
74$2,997,767$1,140,469$825,129$2,735,933
75$3,262,933$1,155,746$812,165$2,956,377
76$3,553,868$1,170,492$797,487$3,198,042
77$3,873,158$1,184,642$780,998$3,463,072
78$4,223,654$1,198,124$762,596$3,753,831
79$4,608,498$1,210,863$742,174$4,072,924
80$5,031,147$1,222,778$719,620$4,423,223
81$5,495,413$1,233,783$694,816$4,807,891
82$6,005,494$1,243,787$667,641$5,230,415
83$6,566,013$1,252,691$637,966$5,694,638
84$7,182,066$1,260,393$605,657$6,204,796
85$7,859,266$1,266,781$570,576$6,765,557
86$8,603,796$1,271,738$532,575$7,382,064
87$9,422,469$1,275,139$491,502$8,059,987
88$10,322,790$1,276,851$447,197$8,805,575
89$11,313,030$1,276,732$399,494$9,625,712
90$12,402,301$1,274,633$348,218$10,527,989
91$13,600,639$1,270,394$293,187$11,520,770
92$14,919,108$1,263,847$234,212$12,613,271
93$16,369,893$1,254,811$171,094$13,815,651
94$17,966,423$1,243,098$103,627$15,139,107
95$19,723,493$1,228,505$31,594$16,595,978
96$21,657,406$1,210,818$0$18,199,861
97$23,786,125$1,189,812$0$19,974,922
98$26,129,443$1,165,245$0$21,935,930
99$28,709,168$1,136,865$0$24,094,726
100$31,549,333$1,104,401$0$26,471,422