Can I retire at age 59 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,871$68,257$67,659$67,075$66,504$66,168
2 years$34,095$33,460$32,844$32,247$31,669$31,330
3 years$22,504$21,866$21,252$20,661$20,092$19,760
4 years$16,710$16,074$15,466$14,885$14,330$14,008
5 years$13,234$12,602$12,002$11,433$10,893$10,583
6 years$10,918$10,291$9,700$9,143$8,619$8,320
7 years$9,264$8,642$8,061$7,517$7,010$6,722
8 years$8,024$7,408$6,836$6,306$5,815$5,539
9 years$7,060$6,450$5,888$5,371$4,897$4,632
10 years$6,290$5,685$5,133$4,630$4,173$3,919
11 years$5,660$5,061$4,519$4,030$3,589$3,346
12 years$5,135$4,543$4,011$3,535$3,110$2,878
13 years$4,691$4,105$3,583$3,120$2,712$2,491
14 years$4,311$3,732$3,220$2,770$2,377$2,167
15 years$3,982$3,409$2,907$2,470$2,093$1,893
16 years$3,695$3,128$2,635$2,212$1,850$1,659
17 years$3,441$2,880$2,398$1,987$1,640$1,459
18 years$3,216$2,662$2,189$1,791$1,458$1,287
19 years$3,015$2,467$2,004$1,618$1,300$1,137
20 years$2,835$2,292$1,839$1,466$1,161$1,007
21 years$2,671$2,135$1,692$1,330$1,039$894
22 years$2,523$1,993$1,559$1,209$931$794
23 years$2,388$1,864$1,440$1,102$836$706
24 years$2,264$1,746$1,331$1,005$751$629
25 years$2,150$1,639$1,233$918$676$561
26 years$2,045$1,540$1,144$839$609$501
27 years$1,949$1,450$1,062$768$549$447
28 years$1,859$1,366$987$704$496$400
29 years$1,775$1,289$919$645$447$358
30 years$1,698$1,217$856$592$404$320
31 years$1,625$1,151$798$544$366$286
32 years$1,557$1,089$744$500$331$257
33 years$1,494$1,031$695$460$299$230
34 years$1,434$977$649$423$271$206
35 years$1,378$927$607$389$245$185
36 years$1,325$880$568$358$222$166
37 years$1,275$835$532$330$202$149
38 years$1,227$794$498$304$183$134
39 years$1,183$755$466$281$166$120
40 years$1,140$718$437$259$150$108
41 years$1,100$684$410$239$136$97
42 years$1,062$651$385$220$124$87
43 years$1,025$620$361$204$112$78
44 years$991$591$339$188$102$70
45 years$958$564$318$174$93$63
46 years$927$538$299$160$84$57
47 years$897$513$281$148$76$51
48 years$868$490$264$137$69$46
49 years$840$468$248$126$63$41
50 years$814$447$233$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $834,000, adding $3,197 every year, while hoping to spend $49,041 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: 51/23/26 Blend
58$834,000$834,000$834,000$834,000
59$922,366$878,164$865,237$962,523
60$964,268$869,014$842,043$981,627
61$1,008,800$857,773$816,428$997,179
62$1,056,179$844,286$788,260$1,013,106
63$1,106,643$828,389$757,400$1,029,465
64$1,160,449$809,909$723,702$1,046,321
65$1,217,883$788,662$687,014$1,063,750
66$1,279,256$764,456$647,178$1,081,836
67$1,344,909$737,083$604,027$1,100,678
68$1,415,217$706,327$557,389$1,120,387
69$1,490,589$671,958$507,082$1,141,089
70$1,571,477$633,731$452,917$1,162,928
71$1,658,374$591,390$394,696$1,186,067
72$1,751,822$544,662$332,212$1,210,690
73$1,852,418$493,260$265,251$1,237,003
74$1,960,814$436,880$193,587$1,265,241
75$2,077,730$375,199$116,984$1,295,667
76$2,203,953$307,879$35,198$1,328,577
77$2,340,352$234,561$0$1,364,302
78$2,487,878$154,865$0$1,417,664
79$2,647,580$68,392$0$1,485,991
80$2,820,609$0$0$1,560,053
81$3,008,230$0$0$1,646,852
82$3,211,836$0$0$1,759,902
83$3,432,957$0$0$1,882,752
84$3,673,279$0$0$2,016,349
85$3,934,654$0$0$2,161,731
86$4,219,120$0$0$2,320,044
87$4,528,921$0$0$2,492,545
88$4,866,523$0$0$2,680,622
89$5,234,644$0$0$2,885,798
90$5,636,273$0$0$3,109,752
91$6,074,701$0$0$3,354,332
92$6,553,550$0$0$3,621,571
93$7,076,807$0$0$3,913,710
94$7,648,862$0$0$4,233,213
95$8,274,548$0$0$4,582,795
96$8,959,188$0$0$4,965,445
97$9,708,641$0$0$5,384,454
98$10,529,361$0$0$5,843,447
99$11,428,452$0$0$6,346,415
100$12,413,742$0$0$6,897,754