Can I retire at age 59 with 829,000?

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 $829,000?

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$68,458$67,848$67,253$66,673$66,106$64,325
2 years$33,890$33,259$32,647$32,054$31,479$29,698
3 years$22,369$21,735$21,125$20,537$19,971$18,245
4 years$16,610$15,978$15,374$14,796$14,244$12,586
5 years$13,155$12,527$11,930$11,365$10,828$9,243
6 years$10,852$10,229$9,642$9,089$8,568$7,057
7 years$9,208$8,590$8,012$7,472$6,968$5,532
8 years$7,976$7,363$6,795$6,268$5,781$4,419
9 years$7,018$6,411$5,853$5,339$4,868$3,579
10 years$6,252$5,651$5,102$4,602$4,148$2,929
11 years$5,626$5,031$4,492$4,005$3,567$2,418
12 years$5,104$4,515$3,987$3,513$3,091$2,009
13 years$4,663$4,081$3,562$3,102$2,696$1,678
14 years$4,286$3,709$3,200$2,753$2,363$1,408
15 years$3,959$3,388$2,889$2,456$2,081$1,185
16 years$3,673$3,109$2,620$2,199$1,839$1,000
17 years$3,421$2,863$2,384$1,975$1,630$847
18 years$3,197$2,646$2,176$1,780$1,450$718
19 years$2,997$2,452$1,992$1,609$1,292$610
20 years$2,818$2,278$1,828$1,457$1,154$519
21 years$2,655$2,122$1,682$1,322$1,033$442
22 years$2,508$1,981$1,550$1,202$926$377
23 years$2,373$1,853$1,431$1,095$831$322
24 years$2,250$1,736$1,323$999$747$275
25 years$2,137$1,629$1,226$912$672$235
26 years$2,033$1,531$1,137$834$605$201
27 years$1,937$1,441$1,056$763$546$172
28 years$1,848$1,358$981$699$493$147
29 years$1,765$1,281$913$641$445$126
30 years$1,687$1,210$851$589$402$108
31 years$1,615$1,144$793$541$363$92
32 years$1,548$1,082$740$497$329$79
33 years$1,485$1,025$691$457$297$68
34 years$1,425$971$646$420$269$58
35 years$1,369$921$604$387$244$50
36 years$1,317$874$565$356$221$43
37 years$1,267$830$528$328$200$36
38 years$1,220$789$495$303$182$31
39 years$1,176$750$464$279$165$27
40 years$1,133$714$435$257$149$23
41 years$1,093$680$407$237$136$20
42 years$1,055$647$382$219$123$17
43 years$1,019$617$359$202$112$14
44 years$985$588$337$187$101$12
45 years$952$561$316$173$92$11
46 years$921$535$297$159$83$9
47 years$891$510$279$147$76$8
48 years$863$487$262$136$69$7
49 years$835$465$246$126$63$6
50 years$809$444$232$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $829,000, adding $6,467 every year, while hoping to spend $45,532 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: 72/19/9 Blend
58$829,000$829,000$829,000$829,000
59$920,229$876,292$863,442$984,541
60$965,646$870,784$843,922$1,022,391
61$1,014,171$863,481$822,221$1,057,549
62$1,066,070$854,246$798,220$1,094,790
63$1,121,640$842,934$771,791$1,134,307
64$1,181,203$829,394$742,802$1,176,315
65$1,245,113$813,462$711,113$1,221,050
66$1,313,761$794,968$676,582$1,268,772
67$1,387,572$773,729$639,055$1,319,771
68$1,467,016$749,553$598,375$1,374,366
69$1,552,608$722,238$554,377$1,432,909
70$1,644,913$691,566$506,887$1,495,789
71$1,744,552$657,310$455,725$1,563,439
72$1,852,207$619,230$400,703$1,636,334
73$1,968,629$577,069$341,624$1,714,999
74$2,094,643$530,559$278,282$1,800,018
75$2,231,154$479,414$210,462$1,892,031
76$2,379,159$423,332$137,940$1,991,749
77$2,539,754$361,997$60,482$2,099,957
78$2,714,145$295,070$0$2,217,522
79$2,903,656$222,197$0$2,347,530
80$3,109,747$143,002$0$2,495,246
81$3,334,021$57,089$0$2,656,050
82$3,578,244$0$0$2,831,260
83$3,844,359$0$0$3,029,846
84$4,134,503$0$0$3,259,415
85$4,451,030$0$0$3,509,896
86$4,796,528$0$0$3,783,344
87$5,173,850$0$0$4,082,020
88$5,586,132$0$0$4,408,414
89$6,036,831$0$0$4,765,265
90$6,529,750$0$0$5,155,592
91$7,069,078$0$0$5,582,716
92$7,659,425$0$0$6,050,297
93$8,305,871$0$0$6,562,363
94$9,014,008$0$0$7,123,349
95$9,789,994$0$0$7,738,143
96$10,640,612$0$0$8,412,124
97$11,573,332$0$0$9,151,219
98$12,596,383$0$0$9,961,955
99$13,718,825$0$0$10,851,522
100$14,950,642$0$0$11,827,838