Can I retire at age 59 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$67,137$66,539$65,955$65,386$64,830$64,179
2 years$33,236$32,617$32,017$31,435$30,871$30,216
3 years$21,937$21,316$20,717$20,141$19,586$18,947
4 years$16,289$15,669$15,077$14,510$13,969$13,350
5 years$12,901$12,285$11,700$11,145$10,619$10,023
6 years$10,643$10,032$9,456$8,913$8,402$7,829
7 years$9,031$8,424$7,858$7,328$6,833$6,283
8 years$7,822$7,221$6,664$6,147$5,669$5,142
9 years$6,883$6,287$5,740$5,236$4,774$4,271
10 years$6,131$5,542$5,004$4,514$4,068$3,587
11 years$5,517$4,934$4,405$3,928$3,498$3,040
12 years$5,006$4,428$3,910$3,446$3,032$2,595
13 years$4,573$4,002$3,493$3,042$2,644$2,229
14 years$4,203$3,638$3,138$2,700$2,317$1,924
15 years$3,882$3,323$2,834$2,408$2,040$1,667
16 years$3,602$3,049$2,569$2,156$1,803$1,450
17 years$3,355$2,808$2,338$1,937$1,599$1,264
18 years$3,135$2,595$2,134$1,746$1,422$1,105
19 years$2,939$2,405$1,954$1,578$1,267$969
20 years$2,763$2,234$1,793$1,429$1,132$850
21 years$2,604$2,081$1,649$1,297$1,013$748
22 years$2,459$1,943$1,520$1,179$908$658
23 years$2,328$1,817$1,403$1,074$815$580
24 years$2,207$1,703$1,298$979$733$512
25 years$2,096$1,598$1,202$894$659$453
26 years$1,994$1,502$1,115$818$594$400
27 years$1,900$1,413$1,035$749$535$354
28 years$1,812$1,332$962$686$483$313
29 years$1,731$1,256$896$629$436$278
30 years$1,655$1,186$834$577$394$246
31 years$1,584$1,122$778$530$356$218
32 years$1,518$1,061$726$487$322$194
33 years$1,456$1,005$678$448$292$172
34 years$1,398$952$633$412$264$152
35 years$1,343$903$592$379$239$135
36 years$1,291$857$554$349$217$120
37 years$1,242$814$518$322$196$107
38 years$1,196$774$485$297$178$95
39 years$1,153$736$455$274$161$84
40 years$1,111$700$426$252$146$75
41 years$1,072$667$400$233$133$67
42 years$1,035$635$375$215$121$59
43 years$1,000$605$352$198$109$53
44 years$966$577$330$183$99$47
45 years$934$550$310$169$90$42
46 years$903$524$291$156$82$37
47 years$874$500$274$144$74$33
48 years$846$478$257$133$68$29
49 years$819$456$242$123$61$26
50 years$794$436$227$114$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $813,000, adding $7,000 every year, while hoping to spend $31,022 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: 42/46/12 Blend
58$813,000$813,000$813,000$813,000
59$903,147$860,058$847,456$937,625
60$962,260$869,193$842,839$971,613
61$1,026,364$877,737$837,027$1,004,756
62$1,095,934$885,626$829,948$1,039,960
63$1,171,493$892,797$821,525$1,077,424
64$1,253,619$899,177$811,680$1,117,372
65$1,342,944$904,693$800,327$1,160,050
66$1,440,167$909,265$787,380$1,205,733
67$1,546,053$912,808$772,747$1,254,724
68$1,661,449$915,234$756,332$1,307,358
69$1,787,282$916,446$738,035$1,364,006
70$1,924,575$916,342$717,750$1,425,081
71$2,074,455$914,816$695,367$1,491,038
72$2,238,160$911,753$670,773$1,562,380
73$2,417,055$907,031$643,846$1,639,666
74$2,612,640$900,522$614,461$1,723,514
75$2,826,571$892,088$582,486$1,814,606
76$3,060,666$881,586$547,785$1,913,698
77$3,316,932$868,861$510,214$2,021,627
78$3,597,575$853,752$469,622$2,139,317
79$3,905,027$836,084$425,853$2,267,791
80$4,241,964$815,677$378,744$2,408,179
81$4,611,336$792,337$328,124$2,561,733
82$5,016,390$765,859$273,813$2,729,834
83$5,460,702$736,026$215,626$2,914,010
84$5,948,212$702,610$153,368$3,115,950
85$6,483,259$665,368$86,835$3,337,521
86$7,070,624$624,043$15,816$3,580,785
87$7,715,571$578,364$0$3,848,021
88$8,423,900$528,045$0$4,149,425
89$9,202,001$472,783$0$4,482,759
90$10,056,913$412,257$0$4,849,101
91$10,996,390$346,129$0$5,251,875
92$12,028,974$274,042$0$5,694,862
93$13,164,076$195,617$0$6,182,237
94$14,412,066$110,456$0$6,718,605
95$15,784,366$18,137$0$7,309,050
96$17,293,562$0$0$7,959,182
97$18,953,520$0$0$8,716,591
98$20,779,519$0$0$9,559,977
99$22,788,391$0$0$10,487,948
100$24,998,682$0$0$11,509,087