Can I retire at age 59 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$68,623$68,012$67,416$66,833$66,265$64,848
2 years$33,972$33,339$32,726$32,131$31,555$30,134
3 years$22,423$21,788$21,176$20,587$20,020$18,639
4 years$16,650$16,016$15,411$14,832$14,278$12,949
5 years$13,187$12,557$11,959$11,392$10,854$9,580
6 years$10,879$10,254$9,665$9,110$8,588$7,371
7 years$9,231$8,611$8,032$7,490$6,985$5,824
8 years$7,995$7,381$6,811$6,283$5,794$4,690
9 years$7,035$6,427$5,867$5,352$4,880$3,830
10 years$6,267$5,665$5,115$4,613$4,158$3,163
11 years$5,639$5,043$4,503$4,015$3,576$2,634
12 years$5,117$4,526$3,996$3,522$3,099$2,209
13 years$4,674$4,090$3,570$3,109$2,702$1,862
14 years$4,296$3,718$3,208$2,760$2,369$1,577
15 years$3,968$3,397$2,896$2,461$2,086$1,341
16 years$3,682$3,116$2,626$2,204$1,843$1,143
17 years$3,429$2,870$2,390$1,980$1,634$977
18 years$3,205$2,652$2,181$1,785$1,453$838
19 years$3,004$2,458$1,997$1,613$1,295$719
20 years$2,824$2,284$1,833$1,460$1,157$618
21 years$2,662$2,127$1,686$1,325$1,035$532
22 years$2,514$1,986$1,554$1,205$928$459
23 years$2,379$1,857$1,435$1,098$833$396
24 years$2,256$1,740$1,327$1,001$749$342
25 years$2,142$1,633$1,229$914$674$295
26 years$2,038$1,535$1,140$836$607$255
27 years$1,942$1,444$1,058$765$547$221
28 years$1,852$1,361$984$701$494$191
29 years$1,769$1,284$915$643$446$166
30 years$1,692$1,213$853$590$403$143
31 years$1,619$1,146$795$542$364$124
32 years$1,552$1,085$742$498$329$108
33 years$1,488$1,027$693$458$298$93
34 years$1,429$974$647$421$270$81
35 years$1,373$923$605$388$244$70
36 years$1,320$876$566$357$222$61
37 years$1,270$832$530$329$201$53
38 years$1,223$791$496$303$182$46
39 years$1,178$752$465$280$165$40
40 years$1,136$716$436$258$150$34
41 years$1,096$681$408$238$136$30
42 years$1,058$649$383$220$123$26
43 years$1,022$618$360$203$112$23
44 years$987$589$337$187$102$20
45 years$955$562$317$173$92$17
46 years$923$536$298$160$84$15
47 years$893$512$280$148$76$13
48 years$865$488$263$136$69$11
49 years$837$466$247$126$63$10
50 years$811$445$232$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $831,000, adding $4,088 every year, while hoping to spend $25,072 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: 76/13/11 Blend
58$831,000$831,000$831,000$831,000
59$919,979$875,936$863,055$987,699
60$987,140$892,180$865,291$1,049,123
61$1,060,312$908,380$866,762$1,112,856
62$1,140,080$924,507$867,415$1,182,013
63$1,227,091$940,531$867,196$1,257,124
64$1,322,054$956,417$866,047$1,338,775
65$1,425,752$972,130$863,908$1,427,607
66$1,539,047$987,632$860,717$1,524,331
67$1,662,885$1,002,882$856,406$1,629,726
68$1,798,311$1,017,834$850,907$1,744,653
69$1,946,473$1,032,443$844,147$1,870,059
70$2,108,637$1,046,656$836,050$2,006,990
71$2,286,195$1,060,420$826,535$2,156,595
72$2,480,683$1,073,676$815,520$2,320,141
73$2,693,789$1,086,363$802,916$2,499,026
74$2,927,375$1,098,414$788,633$2,694,788
75$3,183,489$1,109,758$772,574$2,909,124
76$3,464,389$1,120,320$754,639$3,143,901
77$3,772,560$1,130,019$734,723$3,401,180
78$4,110,741$1,138,770$712,716$3,683,230
79$4,481,948$1,146,481$688,503$3,992,550
80$4,889,503$1,153,055$661,965$4,331,898
81$5,337,066$1,158,388$632,975$4,704,310
82$5,828,669$1,162,372$601,402$5,113,132
83$6,368,753$1,164,888$567,108$5,562,053
84$6,962,211$1,165,812$529,951$6,055,138
85$7,614,433$1,165,013$489,781$6,596,866
86$8,331,356$1,162,350$446,440$7,192,173
87$9,119,524$1,157,675$399,765$7,846,501
88$9,986,144$1,150,829$349,585$8,565,843
89$10,939,156$1,141,645$295,722$9,356,810
90$11,987,309$1,129,945$237,988$10,226,681
91$13,140,244$1,115,542$176,190$11,183,484
92$14,408,581$1,098,235$110,124$12,236,063
93$15,804,020$1,077,813$39,577$13,394,165
94$17,339,456$1,054,051$0$14,668,533
95$19,029,095$1,026,714$0$16,075,198
96$20,888,588$995,549$0$17,628,246
97$22,935,184$960,290$0$19,337,435
98$25,187,885$920,656$0$21,218,644
99$27,667,630$876,350$0$23,289,367
100$30,397,493$827,056$0$25,568,886