Can I retire at age 59 with 836,000?

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 $836,000?

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$69,036$68,421$67,821$67,236$66,664$65,398
2 years$34,176$33,540$32,923$32,325$31,745$30,474
3 years$22,558$21,919$21,303$20,711$20,140$18,905
4 years$16,750$16,113$15,503$14,921$14,364$13,173
5 years$13,266$12,632$12,031$11,461$10,919$9,777
6 years$10,944$10,315$9,723$9,165$8,640$7,547
7 years$9,286$8,663$8,080$7,535$7,027$5,983
8 years$8,043$7,426$6,852$6,321$5,829$4,835
9 years$7,077$6,465$5,902$5,384$4,909$3,963
10 years$6,305$5,699$5,145$4,641$4,183$3,284
11 years$5,673$5,073$4,530$4,039$3,597$2,746
12 years$5,147$4,554$4,020$3,543$3,117$2,311
13 years$4,703$4,115$3,592$3,128$2,718$1,956
14 years$4,322$3,741$3,227$2,777$2,383$1,664
15 years$3,992$3,417$2,914$2,476$2,098$1,420
16 years$3,704$3,135$2,642$2,217$1,854$1,216
17 years$3,450$2,887$2,404$1,992$1,644$1,044
18 years$3,224$2,668$2,194$1,795$1,462$899
19 years$3,023$2,473$2,009$1,622$1,303$775
20 years$2,841$2,298$1,844$1,469$1,164$669
21 years$2,678$2,140$1,696$1,333$1,042$579
22 years$2,529$1,998$1,563$1,212$934$501
23 years$2,393$1,869$1,443$1,104$838$435
24 years$2,269$1,751$1,335$1,007$753$377
25 years$2,155$1,643$1,236$920$678$327
26 years$2,050$1,544$1,146$841$611$284
27 years$1,953$1,453$1,065$770$550$247
28 years$1,863$1,369$990$705$497$215
29 years$1,780$1,292$921$647$449$187
30 years$1,702$1,220$858$594$405$163
31 years$1,629$1,153$800$545$366$142
32 years$1,561$1,091$746$501$331$123
33 years$1,497$1,033$697$461$300$108
34 years$1,437$979$651$424$272$94
35 years$1,381$929$609$390$246$82
36 years$1,328$882$569$359$223$71
37 years$1,278$837$533$331$202$62
38 years$1,230$796$499$305$183$54
39 years$1,185$757$468$281$166$47
40 years$1,143$720$438$260$151$41
41 years$1,103$685$411$239$137$36
42 years$1,064$653$385$221$124$31
43 years$1,028$622$362$204$113$27
44 years$993$593$340$188$102$24
45 years$960$565$319$174$93$21
46 years$929$539$299$161$84$18
47 years$899$515$281$148$76$16
48 years$870$491$264$137$69$14
49 years$843$469$248$127$63$12
50 years$816$448$234$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $836,000, adding $5,629 every year, while hoping to spend $54,121 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: 37/33/30 Blend
58$836,000$836,000$836,000$836,000
59$927,078$882,770$869,812$952,909
60$964,056$868,442$841,367$958,261
61$1,002,991$851,597$810,154$958,745
62$1,044,027$832,056$776,025$958,250
63$1,087,319$809,628$738,823$956,726
64$1,133,035$784,109$698,383$954,122
65$1,181,361$755,287$654,536$950,386
66$1,232,499$722,935$607,101$945,465
67$1,286,667$686,812$555,892$939,310
68$1,344,107$646,665$500,714$931,869
69$1,405,080$602,227$441,363$923,094
70$1,469,876$553,213$377,626$912,938
71$1,538,807$499,324$309,280$901,357
72$1,612,217$440,243$236,093$888,309
73$1,690,484$375,635$157,823$873,756
74$1,774,019$305,147$74,215$857,667
75$1,863,274$228,405$0$840,015
76$1,958,745$145,014$0$825,583
77$2,060,975$54,558$0$835,219
78$2,170,560$0$0$845,233
79$2,288,151$0$0$871,491
80$2,414,467$0$0$921,059
81$2,550,295$0$0$974,443
82$2,696,498$0$0$1,031,996
83$2,854,025$0$0$1,094,100
84$3,023,918$0$0$1,161,180
85$3,207,321$0$0$1,233,699
86$3,405,494$0$0$1,312,169
87$3,619,817$0$0$1,397,151
88$3,851,810$0$0$1,489,262
89$4,103,144$0$0$1,589,181
90$4,375,655$0$0$1,697,654
91$4,671,363$0$0$1,815,502
92$4,992,489$0$0$1,943,628
93$5,341,476$0$0$2,083,026
94$5,721,012$0$0$2,234,788
95$6,134,054$0$0$2,400,118
96$6,583,856$0$0$2,580,339
97$7,073,997$0$0$2,776,909
98$7,608,418$0$0$2,991,429
99$8,191,456$0$0$3,225,666
100$8,827,884$0$0$3,481,562