Can I retire at age 59 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$67,632$67,030$66,442$65,868$65,308$63,167
2 years$33,481$32,858$32,253$31,667$31,099$28,962
3 years$22,099$21,473$20,870$20,290$19,731$17,665
4 years$16,409$15,785$15,188$14,618$14,072$12,094
5 years$12,996$12,376$11,787$11,228$10,697$8,812
6 years$10,721$10,106$9,525$8,979$8,464$6,673
7 years$9,097$8,487$7,916$7,382$6,884$5,187
8 years$7,880$7,275$6,713$6,193$5,711$4,106
9 years$6,933$6,334$5,782$5,275$4,809$3,295
10 years$6,177$5,583$5,041$4,547$4,098$2,672
11 years$5,558$4,970$4,438$3,957$3,524$2,185
12 years$5,043$4,461$3,938$3,471$3,054$1,797
13 years$4,607$4,031$3,519$3,064$2,663$1,486
14 years$4,234$3,664$3,162$2,720$2,335$1,234
15 years$3,911$3,348$2,855$2,426$2,055$1,028
16 years$3,628$3,071$2,588$2,172$1,817$858
17 years$3,380$2,829$2,355$1,952$1,611$718
18 years$3,159$2,614$2,150$1,759$1,432$603
19 years$2,961$2,422$1,968$1,589$1,277$506
20 years$2,784$2,251$1,806$1,439$1,140$426
21 years$2,623$2,097$1,661$1,306$1,020$358
22 years$2,477$1,957$1,531$1,188$915$302
23 years$2,345$1,831$1,414$1,082$821$255
24 years$2,223$1,715$1,308$987$738$215
25 years$2,112$1,610$1,211$901$664$181
26 years$2,009$1,513$1,123$824$598$153
27 years$1,914$1,424$1,043$754$539$130
28 years$1,825$1,341$970$691$487$109
29 years$1,743$1,266$902$634$439$93
30 years$1,667$1,195$840$581$397$78
31 years$1,596$1,130$783$534$359$66
32 years$1,529$1,069$731$491$325$56
33 years$1,467$1,012$683$451$294$47
34 years$1,408$960$638$415$266$40
35 years$1,353$910$596$382$241$34
36 years$1,301$864$558$352$218$29
37 years$1,252$820$522$324$198$24
38 years$1,205$780$489$299$179$21
39 years$1,161$741$458$276$163$17
40 years$1,120$705$429$254$148$15
41 years$1,080$671$403$235$134$12
42 years$1,043$639$378$216$121$11
43 years$1,007$609$354$200$110$9
44 years$973$581$333$185$100$8
45 years$941$554$312$170$91$6
46 years$910$528$293$157$82$5
47 years$880$504$276$145$75$5
48 years$852$481$259$134$68$4
49 years$825$460$243$124$62$3
50 years$800$439$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $819,000, adding $4,366 every year, while hoping to spend $42,795 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: 53/17/30 Blend
58$819,000$819,000$819,000$819,000
59$907,042$863,635$850,940$947,286
60$954,026$860,419$833,913$972,500
61$1,004,369$855,612$814,881$995,249
62$1,058,367$849,089$793,732$1,019,174
63$1,116,347$840,721$770,349$1,044,406
64$1,178,667$830,369$744,608$1,071,092
65$1,245,720$817,886$716,381$1,099,394
66$1,317,937$803,116$685,534$1,129,497
67$1,395,793$785,895$651,925$1,161,603
68$1,479,808$766,048$615,409$1,195,940
69$1,570,554$743,390$575,831$1,232,763
70$1,668,660$717,726$533,031$1,272,354
71$1,774,817$688,848$486,841$1,315,027
72$1,889,785$656,538$437,087$1,361,133
73$2,014,398$620,564$383,584$1,411,061
74$2,149,576$580,680$326,143$1,465,247
75$2,296,327$536,628$264,564$1,524,170
76$2,455,763$488,134$198,637$1,588,367
77$2,629,106$434,907$128,147$1,658,433
78$2,817,700$376,642$52,864$1,735,027
79$3,023,023$313,016$0$1,818,883
80$3,246,704$243,686$0$1,919,609
81$3,490,534$168,293$0$2,047,941
82$3,756,483$86,453$0$2,188,023
83$4,046,721$0$0$2,341,050
84$4,363,636$0$0$2,508,757
85$4,709,858$0$0$2,709,716
86$5,088,279$0$0$2,929,441
87$5,502,087$0$0$3,169,794
88$5,954,790$0$0$3,432,821
89$6,450,251$0$0$3,720,778
90$6,992,722$0$0$4,036,148
91$7,586,890$0$0$4,381,664
92$8,237,910$0$0$4,760,339
93$8,951,466$0$0$5,175,489
94$9,733,812$0$0$5,630,766
95$10,591,841$0$0$6,130,193
96$11,533,142$0$0$6,678,203
97$12,566,075$0$0$7,279,676
98$13,699,848$0$0$7,939,988
99$14,944,605$0$0$8,665,063
100$16,311,520$0$0$9,461,423