Can I retire at age 59 with 820,000?

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 $820,000?

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$67,715$67,112$66,523$65,949$65,388$64,732
2 years$33,522$32,898$32,293$31,706$31,137$30,476
3 years$22,126$21,499$20,896$20,314$19,755$19,110
4 years$16,429$15,804$15,207$14,635$14,089$13,465
5 years$13,012$12,391$11,801$11,241$10,710$10,109
6 years$10,735$10,118$9,537$8,990$8,475$7,896
7 years$9,108$8,497$7,925$7,391$6,892$6,338
8 years$7,889$7,283$6,721$6,200$5,718$5,187
9 years$6,942$6,342$5,789$5,281$4,815$4,307
10 years$6,184$5,590$5,047$4,552$4,103$3,618
11 years$5,565$4,976$4,443$3,962$3,529$3,066
12 years$5,049$4,466$3,943$3,475$3,058$2,618
13 years$4,613$4,036$3,523$3,068$2,666$2,248
14 years$4,239$3,669$3,165$2,723$2,337$1,940
15 years$3,916$3,352$2,858$2,429$2,058$1,681
16 years$3,633$3,075$2,591$2,175$1,819$1,462
17 years$3,384$2,832$2,358$1,954$1,613$1,275
18 years$3,162$2,617$2,152$1,761$1,434$1,115
19 years$2,965$2,425$1,970$1,591$1,278$977
20 years$2,787$2,254$1,808$1,441$1,142$858
21 years$2,626$2,099$1,663$1,308$1,022$754
22 years$2,480$1,960$1,533$1,189$916$664
23 years$2,348$1,833$1,416$1,083$822$585
24 years$2,226$1,717$1,309$988$739$517
25 years$2,114$1,611$1,212$902$665$456
26 years$2,011$1,515$1,125$825$599$404
27 years$1,916$1,425$1,044$755$540$357
28 years$1,828$1,343$971$692$487$316
29 years$1,746$1,267$903$634$440$280
30 years$1,669$1,197$841$582$398$248
31 years$1,598$1,131$784$535$359$220
32 years$1,531$1,070$732$491$325$195
33 years$1,468$1,014$683$452$294$173
34 years$1,410$961$639$416$266$154
35 years$1,354$911$597$383$241$136
36 years$1,302$865$558$352$219$121
37 years$1,253$821$523$325$198$108
38 years$1,207$781$489$299$180$96
39 years$1,163$742$459$276$163$85
40 years$1,121$706$430$255$148$76
41 years$1,082$672$403$235$134$67
42 years$1,044$640$378$217$122$60
43 years$1,008$610$355$200$110$53
44 years$974$581$333$185$100$47
45 years$942$555$313$171$91$42
46 years$911$529$294$158$83$37
47 years$882$505$276$146$75$33
48 years$853$482$259$135$68$29
49 years$826$460$244$124$62$26
50 years$801$440$229$115$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $820,000, adding $4,638 every year, while hoping to spend $39,950 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: 31/40/29 Blend
58$820,000$820,000$820,000$820,000
59$908,424$864,964$852,254$928,417
60$958,577$864,841$838,298$944,197
61$1,012,506$863,373$822,536$957,362
62$1,070,555$860,451$804,864$970,754
63$1,133,101$855,962$785,176$984,423
64$1,200,556$849,784$763,358$998,425
65$1,273,377$841,786$739,294$1,012,827
66$1,352,061$831,834$712,861$1,027,703
67$1,437,158$819,781$683,929$1,043,144
68$1,529,272$805,474$652,364$1,059,249
69$1,629,065$788,749$618,025$1,076,136
70$1,737,267$769,436$580,767$1,093,937
71$1,854,680$747,350$540,434$1,112,803
72$1,982,186$722,298$496,867$1,132,907
73$2,120,754$694,076$449,898$1,154,444
74$2,271,453$662,468$399,351$1,177,635
75$2,435,456$627,243$345,044$1,202,731
76$2,614,055$588,161$286,786$1,230,014
77$2,808,672$544,964$224,376$1,259,803
78$3,020,872$497,383$157,608$1,292,456
79$3,252,376$445,129$86,263$1,328,376
80$3,505,079$387,902$10,114$1,368,016
81$3,781,069$325,381$0$1,411,884
82$4,082,641$257,228$0$1,482,564
83$4,412,325$183,086$0$1,563,448
84$4,772,904$102,579$0$1,652,196
85$5,167,443$15,309$0$1,749,687
86$5,599,319$0$0$1,856,897
87$6,072,246$0$0$2,009,746
88$6,590,319$0$0$2,184,693
89$7,158,044$0$0$2,376,539
90$7,780,386$0$0$2,586,976
91$8,462,812$0$0$2,817,872
92$9,211,344$0$0$3,071,279
93$10,032,613$0$0$3,349,463
94$10,933,926$0$0$3,654,916
95$11,923,329$0$0$3,990,386
96$13,009,686$0$0$4,358,897
97$14,202,763$0$0$4,763,784
98$15,513,316$0$0$5,208,717
99$16,953,193$0$0$5,697,744
100$18,535,451$0$0$6,235,319