Can I retire at age 59 with 822,000?

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 $822,000?

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$67,880$67,275$66,685$66,110$65,547$64,541
2 years$33,604$32,978$32,372$31,783$31,213$30,202
3 years$22,180$21,552$20,947$20,364$19,803$18,818
4 years$16,469$15,843$15,244$14,671$14,124$13,173
5 years$13,044$12,421$11,830$11,269$10,737$9,822
6 years$10,761$10,143$9,560$9,012$8,495$7,619
7 years$9,131$8,518$7,945$7,409$6,909$6,071
8 years$7,909$7,301$6,738$6,215$5,732$4,931
9 years$6,959$6,357$5,803$5,294$4,827$4,064
10 years$6,199$5,603$5,059$4,564$4,113$3,387
11 years$5,578$4,988$4,454$3,972$3,537$2,847
12 years$5,061$4,477$3,953$3,484$3,065$2,411
13 years$4,624$4,046$3,532$3,076$2,673$2,053
14 years$4,249$3,678$3,173$2,730$2,343$1,756
15 years$3,925$3,360$2,865$2,435$2,063$1,509
16 years$3,642$3,083$2,598$2,180$1,823$1,300
17 years$3,392$2,839$2,364$1,959$1,617$1,124
18 years$3,170$2,623$2,158$1,765$1,437$973
19 years$2,972$2,431$1,975$1,595$1,281$845
20 years$2,794$2,259$1,813$1,445$1,144$735
21 years$2,633$2,104$1,667$1,311$1,024$640
22 years$2,487$1,964$1,537$1,192$918$558
23 years$2,353$1,837$1,419$1,086$824$487
24 years$2,231$1,721$1,312$990$741$425
25 years$2,119$1,615$1,215$904$666$372
26 years$2,016$1,518$1,127$827$600$325
27 years$1,921$1,429$1,047$757$541$285
28 years$1,832$1,346$973$693$488$250
29 years$1,750$1,270$906$636$441$219
30 years$1,673$1,200$843$584$398$192
31 years$1,602$1,134$786$536$360$168
32 years$1,535$1,073$734$493$326$148
33 years$1,472$1,016$685$453$295$130
34 years$1,413$963$640$417$267$114
35 years$1,358$913$598$384$242$100
36 years$1,306$867$560$353$219$88
37 years$1,256$823$524$326$199$77
38 years$1,210$783$491$300$180$68
39 years$1,166$744$460$277$163$60
40 years$1,124$708$431$255$148$52
41 years$1,084$674$404$235$134$46
42 years$1,047$642$379$217$122$40
43 years$1,011$612$356$201$111$36
44 years$977$583$334$185$100$31
45 years$944$556$313$171$91$27
46 years$913$530$294$158$83$24
47 years$884$506$277$146$75$21
48 years$855$483$260$135$68$19
49 years$828$461$244$125$62$16
50 years$803$441$230$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $822,000, adding $6,186 every year, while hoping to spend $32,424 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: 45/35/20 Blend
58$822,000$822,000$822,000$822,000
59$912,225$868,659$855,918$947,774
60$970,773$876,724$850,092$981,416
61$1,034,206$884,098$842,985$1,014,186
62$1,102,989$890,712$834,518$1,049,052
63$1,177,631$896,495$824,612$1,086,223
64$1,258,694$901,367$813,181$1,125,932
65$1,346,795$905,249$800,137$1,168,436
66$1,442,613$908,051$785,386$1,214,020
67$1,546,896$909,682$768,833$1,263,003
68$1,660,465$910,042$750,375$1,315,733
69$1,784,226$909,028$729,906$1,372,600
70$1,919,174$906,527$707,315$1,434,033
71$2,066,404$902,421$682,485$1,500,508
72$2,227,124$896,586$655,294$1,572,553
73$2,402,660$888,889$625,616$1,650,751
74$2,594,475$879,188$593,318$1,735,747
75$2,804,177$867,334$558,259$1,828,257
76$3,033,538$853,168$520,296$1,929,070
77$3,284,509$836,524$479,277$2,039,061
78$3,559,239$817,223$435,042$2,159,198
79$3,860,091$795,077$387,426$2,290,550
80$4,189,671$769,886$336,255$2,434,300
81$4,550,848$741,441$281,350$2,591,756
82$4,946,780$709,518$222,521$2,764,364
83$5,380,948$673,880$159,572$2,953,721
84$5,857,183$634,279$92,296$3,161,595
85$6,379,706$590,449$20,478$3,389,938
86$6,953,167$542,112$0$3,640,905
87$7,582,688$488,972$0$3,928,866
88$8,273,908$430,718$0$4,249,910
89$9,033,044$367,020$0$4,602,624
90$9,866,939$297,530$0$4,990,274
91$10,783,137$221,879$0$5,416,463
92$11,789,945$139,678$0$5,885,170
93$12,896,515$50,519$0$6,400,782
94$14,112,931$0$0$6,968,139
95$15,450,303$0$0$7,610,313
96$16,920,868$0$0$8,337,944
97$18,538,113$0$0$9,138,262
98$20,316,892$0$0$10,018,633
99$22,273,576$0$0$10,987,173
100$24,426,199$0$0$12,052,822