Can I retire at age 59 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$68,541$67,930$67,334$66,753$66,185$64,929
2 years$33,931$33,299$32,687$32,093$31,517$30,256
3 years$22,396$21,761$21,150$20,562$19,996$18,769
4 years$16,630$15,997$15,392$14,814$14,261$13,079
5 years$13,171$12,542$11,945$11,378$10,841$9,707
6 years$10,865$10,241$9,653$9,099$8,578$7,493
7 years$9,220$8,601$8,022$7,481$6,976$5,940
8 years$7,986$7,372$6,803$6,276$5,788$4,800
9 years$7,026$6,419$5,860$5,346$4,874$3,935
10 years$6,260$5,658$5,109$4,608$4,153$3,261
11 years$5,633$5,037$4,497$4,010$3,572$2,726
12 years$5,110$4,521$3,991$3,518$3,095$2,295
13 years$4,669$4,086$3,566$3,105$2,699$1,942
14 years$4,291$3,714$3,204$2,757$2,366$1,652
15 years$3,963$3,393$2,893$2,458$2,083$1,410
16 years$3,677$3,113$2,623$2,201$1,841$1,208
17 years$3,425$2,867$2,387$1,978$1,632$1,037
18 years$3,201$2,649$2,179$1,782$1,451$892
19 years$3,001$2,455$1,995$1,611$1,294$769
20 years$2,821$2,281$1,830$1,459$1,156$665
21 years$2,658$2,125$1,684$1,324$1,034$575
22 years$2,511$1,983$1,552$1,204$927$498
23 years$2,376$1,855$1,433$1,096$832$431
24 years$2,253$1,738$1,325$1,000$748$374
25 years$2,140$1,631$1,227$913$673$325
26 years$2,036$1,533$1,138$835$606$282
27 years$1,939$1,443$1,057$764$547$245
28 years$1,850$1,359$983$700$493$213
29 years$1,767$1,283$914$642$445$186
30 years$1,690$1,211$852$589$402$162
31 years$1,617$1,145$794$541$364$141
32 years$1,550$1,083$741$497$329$123
33 years$1,486$1,026$692$457$298$107
34 years$1,427$972$646$421$270$93
35 years$1,371$922$604$387$244$81
36 years$1,318$875$565$357$221$71
37 years$1,268$831$529$329$201$62
38 years$1,221$790$495$303$182$54
39 years$1,177$751$464$279$165$47
40 years$1,135$715$435$258$150$41
41 years$1,095$680$408$238$136$36
42 years$1,057$648$383$219$123$31
43 years$1,021$617$359$203$112$27
44 years$986$589$337$187$101$24
45 years$953$561$317$173$92$21
46 years$922$535$297$160$84$18
47 years$892$511$279$147$76$16
48 years$864$488$262$136$69$14
49 years$836$466$247$126$63$12
50 years$810$445$232$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $830,000, adding $5,831 every year, while hoping to spend $24,472 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: 32/43/25 Blend
58$830,000$830,000$830,000$830,000
59$920,675$876,685$863,820$942,929
60$988,545$893,604$866,720$977,234
61$1,062,519$910,533$868,897$1,011,569
62$1,143,192$927,444$870,300$1,048,061
63$1,231,220$944,312$870,878$1,086,916
64$1,327,328$961,106$870,576$1,128,360
65$1,432,309$977,795$869,334$1,172,646
66$1,547,041$994,344$867,094$1,220,050
67$1,672,488$1,010,715$863,790$1,270,880
68$1,809,712$1,026,870$859,356$1,325,475
69$1,959,881$1,042,765$853,723$1,384,210
70$2,124,283$1,058,354$846,817$1,447,500
71$2,304,335$1,073,589$838,561$1,515,802
72$2,501,599$1,088,417$828,875$1,589,622
73$2,717,795$1,102,782$817,674$1,669,521
74$2,954,814$1,116,623$804,871$1,756,115
75$3,214,743$1,129,875$790,373$1,850,087
76$3,499,880$1,142,472$774,082$1,952,191
77$3,812,752$1,154,338$755,899$2,063,261
78$4,156,149$1,165,396$735,717$2,184,216
79$4,533,138$1,175,563$713,426$2,316,072
80$4,947,102$1,184,749$688,909$2,459,953
81$5,401,765$1,192,860$662,046$2,617,098
82$5,901,230$1,199,795$632,710$2,788,876
83$6,450,018$1,205,448$600,769$2,976,798
84$7,053,109$1,209,704$566,083$3,182,534
85$7,715,988$1,212,441$528,509$3,407,926
86$8,444,700$1,213,532$487,896$3,655,008
87$9,245,904$1,212,839$444,084$3,926,026
88$10,126,935$1,210,218$396,910$4,223,460
89$11,095,877$1,205,513$346,202$4,550,045
90$12,161,635$1,198,562$291,778$4,908,802
91$13,334,021$1,189,191$233,451$5,303,063
92$14,623,845$1,177,215$171,026$5,736,509
93$16,043,018$1,162,439$104,296$6,213,197
94$17,604,664$1,144,657$33,049$6,737,608
95$19,323,244$1,123,649$0$7,314,685
96$21,214,691$1,099,184$0$7,961,348
97$23,296,560$1,071,014$0$8,682,300
98$25,588,195$1,038,881$0$9,475,420
99$28,110,913$1,002,507$0$10,348,101
100$30,888,198$961,602$0$11,308,492