Can I retire at age 59 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$68,128$67,521$66,929$66,351$65,787$64,015
2 years$33,727$33,098$32,490$31,899$31,327$29,554
3 years$22,261$21,630$21,023$20,438$19,875$18,157
4 years$16,529$15,900$15,299$14,725$14,175$12,525
5 years$13,091$12,466$11,873$11,310$10,776$9,199
6 years$10,800$10,180$9,595$9,045$8,526$7,023
7 years$9,164$8,549$7,974$7,436$6,934$5,505
8 years$7,938$7,328$6,762$6,238$5,753$4,397
9 years$6,984$6,380$5,824$5,313$4,845$3,561
10 years$6,222$5,624$5,078$4,580$4,128$2,915
11 years$5,599$5,007$4,470$3,986$3,550$2,406
12 years$5,080$4,494$3,967$3,496$3,076$1,999
13 years$4,641$4,061$3,545$3,087$2,683$1,670
14 years$4,265$3,691$3,185$2,740$2,352$1,401
15 years$3,940$3,372$2,875$2,444$2,071$1,179
16 years$3,655$3,094$2,607$2,188$1,830$996
17 years$3,404$2,849$2,372$1,966$1,623$843
18 years$3,182$2,633$2,166$1,772$1,443$715
19 years$2,983$2,440$1,982$1,601$1,286$607
20 years$2,804$2,267$1,819$1,450$1,149$516
21 years$2,642$2,112$1,674$1,316$1,028$440
22 years$2,496$1,972$1,542$1,196$921$375
23 years$2,362$1,844$1,424$1,090$827$320
24 years$2,239$1,728$1,317$994$743$273
25 years$2,127$1,621$1,220$908$669$234
26 years$2,023$1,524$1,131$830$603$200
27 years$1,928$1,434$1,051$760$543$171
28 years$1,839$1,351$977$696$490$146
29 years$1,756$1,275$909$638$443$125
30 years$1,679$1,204$847$586$400$107
31 years$1,608$1,138$789$538$362$92
32 years$1,540$1,077$736$494$327$79
33 years$1,477$1,020$688$455$296$67
34 years$1,418$967$642$418$268$58
35 years$1,363$917$601$385$243$49
36 years$1,310$870$562$355$220$42
37 years$1,261$826$526$327$199$36
38 years$1,214$785$492$301$181$31
39 years$1,170$747$461$278$164$27
40 years$1,128$711$432$256$149$23
41 years$1,088$676$406$236$135$20
42 years$1,050$644$380$218$122$17
43 years$1,014$614$357$201$111$14
44 years$980$585$335$186$101$12
45 years$948$558$315$172$92$11
46 years$917$532$295$159$83$9
47 years$887$508$278$147$75$8
48 years$859$485$261$135$69$7
49 years$831$463$245$125$62$6
50 years$805$442$231$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $825,000, adding $2,421 every year, while hoping to spend $54,163 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: 73/13/14 Blend
58$825,000$825,000$825,000$825,000
59$911,647$867,922$855,135$975,258
60$947,006$852,821$826,153$1,002,592
61$984,157$835,165$794,385$1,025,629
62$1,023,224$814,772$759,680$1,049,415
63$1,064,344$791,447$721,881$1,074,010
64$1,107,667$764,987$680,823$1,099,483
65$1,153,353$735,176$636,335$1,125,909
66$1,201,580$701,784$588,237$1,153,373
67$1,252,539$664,570$536,340$1,181,971
68$1,306,440$623,276$480,450$1,211,807
69$1,363,513$577,632$420,361$1,243,000
70$1,424,007$527,352$355,859$1,275,682
71$1,488,197$472,133$286,721$1,309,997
72$1,556,380$411,655$212,714$1,346,111
73$1,628,884$345,580$133,593$1,384,204
74$1,706,067$273,550$49,106$1,424,480
75$1,788,321$195,189$0$1,467,164
76$1,876,073$110,097$0$1,518,639
77$1,969,795$17,854$0$1,581,279
78$2,070,000$0$0$1,648,093
79$2,177,254$0$0$1,731,200
80$2,292,176$0$0$1,823,010
81$2,415,444$0$0$1,921,515
82$2,547,804$0$0$2,027,312
83$2,690,073$0$0$2,141,059
84$2,843,149$0$0$2,263,478
85$3,008,017$0$0$2,395,361
86$3,185,760$0$0$2,537,577
87$3,377,567$0$0$2,691,083
88$3,584,744$0$0$2,856,929
89$3,808,727$0$0$3,036,268
90$4,051,095$0$0$3,230,371
91$4,313,581$0$0$3,440,630
92$4,598,092$0$0$3,668,580
93$4,906,727$0$0$3,915,906
94$5,241,790$0$0$4,184,464
95$5,605,819$0$0$4,476,292
96$6,001,604$0$0$4,793,634
97$6,432,215$0$0$5,138,959
98$6,901,029$0$0$5,514,983
99$7,411,764$0$0$5,924,695
100$7,968,508$0$0$6,371,384