Can I retire at age 59 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$68,706$68,094$67,497$66,914$66,345$65,982
2 years$34,013$33,379$32,765$32,170$31,593$31,227
3 years$22,450$21,814$21,201$20,612$20,044$19,686
4 years$16,670$16,035$15,429$14,850$14,295$13,948
5 years$13,202$12,572$11,974$11,406$10,867$10,532
6 years$10,892$10,266$9,677$9,121$8,599$8,276
7 years$9,242$8,621$8,041$7,499$6,993$6,682
8 years$8,005$7,390$6,820$6,291$5,801$5,503
9 years$7,043$6,434$5,874$5,358$4,886$4,600
10 years$6,275$5,672$5,121$4,619$4,163$3,889
11 years$5,646$5,049$4,508$4,020$3,580$3,319
12 years$5,123$4,532$4,001$3,526$3,103$2,853
13 years$4,680$4,095$3,575$3,113$2,705$2,467
14 years$4,301$3,723$3,212$2,763$2,372$2,145
15 years$3,973$3,401$2,900$2,464$2,088$1,872
16 years$3,686$3,120$2,629$2,207$1,845$1,640
17 years$3,433$2,873$2,392$1,983$1,636$1,442
18 years$3,209$2,655$2,184$1,787$1,455$1,270
19 years$3,008$2,461$1,999$1,614$1,297$1,122
20 years$2,828$2,287$1,835$1,462$1,158$993
21 years$2,665$2,130$1,688$1,327$1,037$880
22 years$2,517$1,988$1,555$1,207$929$781
23 years$2,382$1,860$1,436$1,099$834$695
24 years$2,258$1,742$1,328$1,002$750$618
25 years$2,145$1,635$1,230$915$675$551
26 years$2,041$1,537$1,141$837$608$491
27 years$1,944$1,446$1,060$766$548$438
28 years$1,854$1,363$985$702$494$392
29 years$1,771$1,286$917$644$446$350
30 years$1,694$1,214$854$591$403$313
31 years$1,621$1,148$796$542$365$280
32 years$1,553$1,086$743$499$330$251
33 years$1,490$1,028$693$458$299$224
34 years$1,430$975$648$422$270$201
35 years$1,374$925$606$388$245$180
36 years$1,321$878$567$358$222$161
37 years$1,272$833$530$330$201$145
38 years$1,224$792$497$304$182$130
39 years$1,180$753$465$280$165$116
40 years$1,137$717$436$258$150$104
41 years$1,097$682$409$238$136$94
42 years$1,059$650$384$220$123$84
43 years$1,023$619$360$203$112$75
44 years$989$590$338$187$102$68
45 years$956$563$317$173$92$61
46 years$924$537$298$160$84$55
47 years$894$512$280$148$76$49
48 years$866$489$263$137$69$44
49 years$838$467$247$126$63$39
50 years$812$446$232$117$57$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $832,000, adding $3,410 every year, while hoping to spend $51,735 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: 47/45/8 Blend
58$832,000$832,000$832,000$832,000
59$920,381$876,285$863,389$961,482
60$959,215$864,178$837,267$977,976
61$1,000,275$849,743$808,536$990,180
62$1,043,735$832,812$777,054$1,002,224
63$1,089,783$813,207$742,672$1,014,111
64$1,138,625$790,738$705,236$1,025,845
65$1,190,485$765,205$664,582$1,037,434
66$1,245,611$736,396$620,542$1,048,892
67$1,304,271$704,088$572,938$1,060,239
68$1,366,760$668,041$521,584$1,071,500
69$1,433,401$628,006$466,289$1,082,707
70$1,504,546$583,717$406,848$1,093,901
71$1,580,584$534,894$343,052$1,105,135
72$1,661,940$481,239$274,680$1,116,468
73$1,749,077$422,440$201,501$1,127,976
74$1,842,508$358,164$123,276$1,139,748
75$1,942,792$288,062$39,754$1,151,886
76$2,050,544$211,764$0$1,164,514
77$2,166,438$128,880$0$1,181,989
78$2,291,216$38,996$0$1,204,158
79$2,425,691$0$0$1,227,838
80$2,570,757$0$0$1,282,157
81$2,727,395$0$0$1,361,732
82$2,896,685$0$0$1,447,811
83$3,079,812$0$0$1,541,006
84$3,278,079$0$0$1,641,990
85$3,492,920$0$0$1,751,505
86$3,725,909$0$0$1,870,365
87$3,978,780$0$0$1,999,464
88$4,253,437$0$0$2,139,789
89$4,551,977$0$0$2,292,423
90$4,876,706$0$0$2,458,559
91$5,230,161$0$0$2,639,508
92$5,615,134$0$0$2,836,715
93$6,034,696$0$0$3,051,767
94$6,492,227$0$0$3,286,415
95$6,991,450$0$0$3,542,583
96$7,536,460$0$0$3,822,391
97$8,131,764$0$0$4,128,170
98$8,782,328$0$0$4,462,489
99$9,493,614$0$0$4,828,177
100$10,271,639$0$0$5,228,345