Can I retire at age 59 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$68,375$67,766$67,172$66,592$66,026$64,879
2 years$33,849$33,219$32,608$32,015$31,441$30,289
3 years$22,342$21,709$21,099$20,513$19,947$18,826
4 years$16,590$15,958$15,355$14,778$14,227$13,145
5 years$13,139$12,512$11,916$11,351$10,815$9,776
6 years$10,839$10,217$9,630$9,078$8,557$7,563
7 years$9,197$8,580$8,003$7,463$6,959$6,009
8 years$7,966$7,355$6,787$6,261$5,774$4,867
9 years$7,010$6,403$5,845$5,333$4,862$3,999
10 years$6,244$5,644$5,096$4,597$4,143$3,323
11 years$5,619$5,025$4,487$4,001$3,563$2,785
12 years$5,098$4,510$3,982$3,509$3,088$2,350
13 years$4,658$4,076$3,557$3,098$2,692$1,995
14 years$4,280$3,705$3,196$2,750$2,360$1,701
15 years$3,954$3,384$2,886$2,453$2,078$1,456
16 years$3,668$3,105$2,617$2,196$1,837$1,250
17 years$3,417$2,860$2,381$1,973$1,628$1,077
18 years$3,193$2,642$2,173$1,778$1,448$929
19 years$2,994$2,449$1,990$1,607$1,291$804
20 years$2,814$2,276$1,826$1,455$1,153$696
21 years$2,652$2,120$1,680$1,321$1,032$604
22 years$2,505$1,979$1,548$1,201$925$525
23 years$2,370$1,851$1,429$1,094$830$456
24 years$2,248$1,734$1,322$997$746$397
25 years$2,135$1,627$1,224$911$671$346
26 years$2,031$1,529$1,136$833$605$301
27 years$1,935$1,439$1,054$762$545$263
28 years$1,845$1,356$980$698$492$229
29 years$1,763$1,279$912$641$444$200
30 years$1,685$1,208$850$588$401$175
31 years$1,613$1,142$792$540$363$153
32 years$1,546$1,081$739$496$328$133
33 years$1,483$1,024$690$456$297$117
34 years$1,423$970$645$420$269$102
35 years$1,368$920$603$386$244$89
36 years$1,315$873$564$356$221$78
37 years$1,265$829$528$328$200$68
38 years$1,218$788$494$302$181$60
39 years$1,174$750$463$279$164$52
40 years$1,132$713$434$257$149$46
41 years$1,092$679$407$237$135$40
42 years$1,054$647$382$219$123$35
43 years$1,018$616$358$202$111$31
44 years$984$587$336$187$101$27
45 years$951$560$316$172$92$23
46 years$920$534$297$159$83$21
47 years$890$510$279$147$76$18
48 years$862$487$262$136$69$16
49 years$834$465$246$126$62$14
50 years$808$444$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $828,000, adding $6,253 every year, while hoping to spend $45,596 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: 27/49/24 Blend
58$828,000$828,000$828,000$828,000
59$918,906$875,022$862,188$936,654
60$964,121$869,384$842,557$945,616
61$1,012,419$861,942$820,741$950,841
62$1,064,067$852,559$796,618$955,495
63$1,119,358$841,090$770,060$959,561
64$1,178,611$827,382$740,936$963,021
65$1,242,178$811,272$709,106$965,862
66$1,310,444$792,589$674,425$968,074
67$1,383,832$771,149$636,741$969,653
68$1,462,808$746,759$595,896$970,597
69$1,547,880$719,217$551,725$970,912
70$1,639,610$688,304$504,053$970,612
71$1,738,612$653,793$452,701$969,717
72$1,845,563$615,441$397,479$968,257
73$1,961,205$572,993$338,190$966,272
74$2,086,357$526,178$274,627$963,817
75$2,221,914$474,710$206,576$960,956
76$2,368,865$418,286$133,812$957,775
77$2,528,295$356,588$56,101$954,372
78$2,701,397$289,277$0$950,869
79$2,889,486$215,997$0$954,282
80$3,094,004$136,372$0$973,687
81$3,316,542$50,004$0$994,971
82$3,558,848$0$0$1,018,438
83$3,822,845$0$0$1,067,902
84$4,110,652$0$0$1,151,345
85$4,424,597$0$0$1,242,497
86$4,767,247$0$0$1,342,118
87$5,141,425$0$0$1,451,047
88$5,550,238$0$0$1,570,205
89$5,997,108$0$0$1,700,608
90$6,485,803$0$0$1,843,376
91$7,020,470$0$0$1,999,739
92$7,605,675$0$0$2,171,053
93$8,246,449$0$0$2,358,813
94$8,948,329$0$0$2,564,663
95$9,717,415$0$0$2,790,415
96$10,560,422$0$0$3,038,065
97$11,484,748$0$0$3,309,811
98$12,498,542$0$0$3,608,073
99$13,610,777$0$0$3,935,519
100$14,831,337$0$0$4,295,086