Can I retire at age 59 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$67,467$66,866$66,280$65,708$65,149$64,149
2 years$33,400$32,778$32,175$31,590$31,023$30,018
3 years$22,045$21,420$20,819$20,240$19,682$18,703
4 years$16,369$15,746$15,151$14,582$14,038$13,093
5 years$12,964$12,345$11,758$11,200$10,671$9,763
6 years$10,695$10,081$9,502$8,957$8,444$7,573
7 years$9,075$8,466$7,896$7,364$6,867$6,034
8 years$7,861$7,257$6,697$6,177$5,697$4,901
9 years$6,916$6,318$5,768$5,262$4,798$4,039
10 years$6,162$5,569$5,029$4,536$4,088$3,366
11 years$5,544$4,958$4,427$3,947$3,516$2,830
12 years$5,030$4,450$3,929$3,462$3,047$2,396
13 years$4,596$4,022$3,510$3,057$2,657$2,040
14 years$4,224$3,656$3,154$2,714$2,329$1,746
15 years$3,901$3,339$2,848$2,420$2,050$1,499
16 years$3,620$3,064$2,582$2,167$1,812$1,292
17 years$3,371$2,822$2,349$1,947$1,607$1,117
18 years$3,151$2,607$2,145$1,755$1,429$967
19 years$2,954$2,416$1,963$1,585$1,273$840
20 years$2,777$2,245$1,802$1,436$1,137$730
21 years$2,617$2,092$1,657$1,303$1,018$636
22 years$2,471$1,952$1,527$1,185$912$554
23 years$2,339$1,826$1,410$1,079$819$484
24 years$2,218$1,711$1,304$984$736$423
25 years$2,106$1,606$1,208$899$662$370
26 years$2,004$1,509$1,120$822$597$323
27 years$1,909$1,420$1,040$752$538$283
28 years$1,821$1,338$967$689$485$248
29 years$1,739$1,262$900$632$438$218
30 years$1,663$1,192$838$580$396$191
31 years$1,592$1,127$782$533$358$167
32 years$1,525$1,066$729$490$324$147
33 years$1,463$1,010$681$450$293$129
34 years$1,405$957$636$414$265$113
35 years$1,349$908$595$381$240$99
36 years$1,298$862$556$351$218$87
37 years$1,249$818$521$324$197$77
38 years$1,202$778$488$298$179$67
39 years$1,158$740$457$275$162$59
40 years$1,117$704$428$254$147$52
41 years$1,078$670$402$234$134$46
42 years$1,040$638$377$216$121$40
43 years$1,005$608$353$199$110$35
44 years$971$579$332$184$100$31
45 years$938$552$312$170$91$27
46 years$908$527$293$157$82$24
47 years$878$503$275$145$75$21
48 years$850$480$258$134$68$19
49 years$823$459$243$124$62$16
50 years$798$438$228$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $817,000, adding $3,023 every year, while hoping to spend $49,488 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: 61/9/30 Blend
58$817,000$817,000$817,000$817,000
59$903,452$860,151$847,488$951,050
60$942,950$849,644$823,224$973,362
61$984,817$836,963$796,488$992,147
62$1,029,244$821,950$767,146$1,011,628
63$1,076,438$804,436$735,057$1,031,885
64$1,126,625$784,244$700,071$1,053,008
65$1,180,053$761,185$662,037$1,075,098
66$1,236,995$735,059$620,791$1,098,269
67$1,297,746$705,655$576,165$1,122,649
68$1,362,634$672,749$527,984$1,148,380
69$1,432,014$636,106$476,063$1,175,624
70$1,506,278$595,474$420,211$1,204,561
71$1,585,856$550,589$360,225$1,235,392
72$1,671,218$501,172$295,897$1,268,342
73$1,762,880$446,928$227,007$1,303,663
74$1,861,409$387,543$153,327$1,341,636
75$1,967,428$322,687$74,619$1,382,574
76$2,081,619$252,013$0$1,426,826
77$2,204,734$175,151$0$1,477,783
78$2,337,596$91,713$0$1,558,563
79$2,481,112$1,288$0$1,645,823
80$2,636,276$0$0$1,740,193
81$2,804,183$0$0$1,851,925
82$2,986,036$0$0$1,973,127
83$3,183,155$0$0$2,104,559
84$3,396,996$0$0$2,247,197
85$3,629,158$0$0$2,402,116
86$3,881,398$0$0$2,570,497
87$4,155,652$0$0$2,753,638
88$4,454,047$0$0$2,952,970
89$4,778,927$0$0$3,170,065
90$5,132,867$0$0$3,406,654
91$5,518,703$0$0$3,664,642
92$5,939,557$0$0$3,946,126
93$6,398,863$0$0$4,253,414
94$6,900,402$0$0$4,589,046
95$7,448,338$0$0$4,955,819
96$8,047,252$0$0$5,356,811
97$8,702,189$0$0$5,795,413
98$9,418,705$0$0$6,275,356
99$10,202,916$0$0$6,800,752
100$11,061,556$0$0$7,376,124