Can I retire at age 59 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$67,385$66,784$66,199$65,627$65,069$62,686
2 years$33,359$32,737$32,135$31,551$30,985$28,610
3 years$22,018$21,394$20,794$20,215$19,658$17,367
4 years$16,349$15,727$15,132$14,564$14,020$11,830
5 years$12,949$12,330$11,743$11,187$10,658$8,574
6 years$10,682$10,069$9,490$8,946$8,433$6,458
7 years$9,064$8,456$7,887$7,355$6,859$4,990
8 years$7,851$7,248$6,688$6,170$5,690$3,927
9 years$6,908$6,311$5,761$5,255$4,792$3,133
10 years$6,154$5,563$5,022$4,530$4,083$2,524
11 years$5,538$4,952$4,422$3,943$3,511$2,050
12 years$5,024$4,445$3,924$3,458$3,043$1,675
13 years$4,590$4,017$3,506$3,053$2,653$1,376
14 years$4,218$3,651$3,150$2,710$2,326$1,134
15 years$3,897$3,335$2,844$2,417$2,048$938
16 years$3,615$3,060$2,579$2,164$1,810$778
17 years$3,367$2,818$2,346$1,944$1,605$646
18 years$3,147$2,604$2,142$1,752$1,427$538
19 years$2,950$2,413$1,961$1,583$1,272$449
20 years$2,773$2,243$1,800$1,434$1,136$374
21 years$2,613$2,089$1,655$1,302$1,017$313
22 years$2,468$1,950$1,526$1,183$911$262
23 years$2,336$1,824$1,409$1,078$818$219
24 years$2,215$1,709$1,303$983$735$183
25 years$2,104$1,604$1,207$898$662$153
26 years$2,001$1,507$1,119$821$596$129
27 years$1,907$1,418$1,039$751$537$108
28 years$1,819$1,337$966$688$485$90
29 years$1,737$1,261$899$631$438$76
30 years$1,661$1,191$837$579$396$64
31 years$1,590$1,126$781$532$358$53
32 years$1,524$1,065$728$489$324$45
33 years$1,461$1,009$680$450$293$38
34 years$1,403$956$635$414$265$32
35 years$1,348$907$594$381$240$26
36 years$1,296$861$556$351$218$22
37 years$1,247$817$520$323$197$19
38 years$1,201$777$487$298$179$16
39 years$1,157$739$456$275$162$13
40 years$1,116$703$428$253$147$11
41 years$1,076$669$401$234$133$9
42 years$1,039$637$376$216$121$8
43 years$1,003$607$353$199$110$7
44 years$970$579$331$184$100$5
45 years$937$552$311$170$91$5
46 years$907$526$292$157$82$4
47 years$877$502$275$145$75$3
48 years$849$480$258$134$68$3
49 years$822$458$243$124$62$2
50 years$797$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $816,000, adding $6,984 every year, while hoping to spend $35,917 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: 44/32/24 Blend
58$816,000$816,000$816,000$816,000
59$906,436$863,188$850,540$939,741
60$960,677$867,269$840,818$968,116
61$1,019,247$870,346$829,566$994,840
62$1,082,549$872,332$816,695$1,023,093
63$1,151,028$873,134$802,113$1,053,037
64$1,225,169$872,655$785,721$1,084,851
65$1,305,511$870,789$767,417$1,118,734
66$1,392,642$867,427$747,094$1,154,909
67$1,487,210$862,449$724,640$1,193,622
68$1,589,928$855,732$699,939$1,235,149
69$1,701,581$847,143$672,867$1,279,795
70$1,823,031$836,542$643,297$1,327,900
71$1,955,228$823,780$611,094$1,379,841
72$2,099,215$808,700$576,120$1,436,036
73$2,256,143$791,133$538,228$1,496,952
74$2,427,275$770,905$497,265$1,563,103
75$2,614,005$747,827$453,071$1,635,063
76$2,817,864$721,701$405,479$1,713,468
77$3,040,540$692,318$354,316$1,799,021
78$3,283,889$659,456$299,400$1,892,503
79$3,549,956$622,880$240,540$1,994,781
80$3,840,992$582,341$177,539$2,106,812
81$4,159,476$537,578$110,188$2,229,660
82$4,508,135$488,312$38,273$2,364,501
83$4,889,976$434,251$0$2,512,638
84$5,308,309$375,084$0$2,685,366
85$5,766,777$310,484$0$2,885,528
86$6,269,395$240,105$0$3,105,144
87$6,820,584$163,581$0$3,346,233
88$7,425,214$80,526$0$3,611,027
89$8,088,646$0$0$3,901,988
90$8,816,790$0$0$4,225,171
91$9,616,152$0$0$4,611,193
92$10,493,901$0$0$5,035,174
93$11,457,932$0$0$5,500,941
94$12,516,945$0$0$6,012,709
95$13,680,521$0$0$6,575,124
96$14,959,218$0$0$7,193,303
97$16,364,666$0$0$7,872,883
98$17,909,677$0$0$8,620,074
99$19,608,367$0$0$9,441,720
100$21,476,289$0$0$10,345,359