Can I retire at age 59 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$69,119$68,503$67,902$67,316$66,744$64,401
2 years$34,217$33,580$32,962$32,363$31,783$29,447
3 years$22,585$21,945$21,329$20,736$20,164$17,909
4 years$16,770$16,132$15,522$14,939$14,381$12,224
5 years$13,282$12,648$12,046$11,474$10,932$8,878
6 years$10,957$10,328$9,735$9,176$8,650$6,701
7 years$9,297$8,673$8,090$7,544$7,035$5,191
8 years$8,053$7,434$6,861$6,329$5,836$4,095
9 years$7,086$6,473$5,909$5,391$4,915$3,274
10 years$6,312$5,706$5,152$4,647$4,188$2,645
11 years$5,680$5,079$4,535$4,044$3,602$2,154
12 years$5,153$4,559$4,025$3,547$3,121$1,765
13 years$4,708$4,120$3,596$3,132$2,722$1,453
14 years$4,327$3,745$3,231$2,780$2,386$1,202
15 years$3,997$3,421$2,917$2,479$2,101$997
16 years$3,708$3,139$2,645$2,220$1,857$829
17 years$3,454$2,891$2,407$1,995$1,646$691
18 years$3,228$2,671$2,197$1,797$1,464$577
19 years$3,026$2,476$2,011$1,624$1,305$482
20 years$2,845$2,300$1,846$1,471$1,165$404
21 years$2,681$2,143$1,698$1,335$1,043$338
22 years$2,532$2,000$1,565$1,214$935$284
23 years$2,396$1,871$1,445$1,105$839$238
24 years$2,272$1,753$1,336$1,008$754$200
25 years$2,158$1,645$1,238$921$679$168
26 years$2,053$1,546$1,148$842$611$141
27 years$1,956$1,455$1,066$771$551$119
28 years$1,865$1,371$991$706$497$100
29 years$1,782$1,293$922$647$449$84
30 years$1,704$1,221$859$594$406$71
31 years$1,631$1,155$801$546$367$60
32 years$1,563$1,093$747$502$332$50
33 years$1,499$1,035$698$461$300$42
34 years$1,439$981$652$424$272$36
35 years$1,383$930$609$391$246$30
36 years$1,329$883$570$360$223$25
37 years$1,279$838$534$331$202$21
38 years$1,232$797$500$306$183$18
39 years$1,187$758$468$282$166$15
40 years$1,144$721$439$260$151$13
41 years$1,104$686$411$240$137$11
42 years$1,066$654$386$221$124$9
43 years$1,029$623$362$204$113$8
44 years$994$594$340$189$102$6
45 years$961$566$319$174$93$5
46 years$930$540$300$161$84$5
47 years$900$515$282$149$77$4
48 years$871$492$265$137$70$3
49 years$844$470$249$127$63$3
50 years$817$449$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $837,000, adding $4,343 every year, while hoping to spend $33,918 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: 42/33/25 Blend
58$837,000$837,000$837,000$837,000
59$926,854$882,493$869,519$958,838
60$985,304$889,646$862,560$989,303
61$1,048,580$896,014$854,230$1,018,718
62$1,117,137$901,521$844,449$1,049,907
63$1,191,478$906,088$833,131$1,083,053
64$1,272,154$909,631$820,185$1,118,359
65$1,359,772$912,061$805,520$1,156,051
66$1,454,999$913,283$789,035$1,196,379
67$1,558,570$913,195$770,629$1,239,622
68$1,671,293$911,690$750,194$1,286,089
69$1,794,057$908,655$727,618$1,336,123
70$1,927,840$903,968$702,782$1,390,105
71$2,073,718$897,501$675,564$1,448,457
72$2,232,878$889,119$645,835$1,511,647
73$2,406,622$878,677$613,462$1,580,195
74$2,596,387$866,021$578,302$1,654,675
75$2,803,753$850,991$540,210$1,735,725
76$3,030,460$833,413$499,031$1,824,052
77$3,278,424$813,108$454,606$1,920,438
78$3,549,754$789,881$406,766$2,025,749
79$3,846,773$763,530$355,337$2,140,946
80$4,172,040$733,838$300,136$2,267,089
81$4,528,369$700,578$240,972$2,405,355
82$4,918,864$663,507$177,646$2,557,044
83$5,346,940$622,371$109,949$2,723,595
84$5,816,360$576,899$37,664$2,906,600
85$6,331,267$526,806$0$3,107,820
86$6,896,227$471,790$0$3,339,732
87$7,516,267$411,533$0$3,605,366
88$8,196,925$345,696$0$3,897,109
89$8,944,300$273,925$0$4,217,662
90$9,765,114$195,842$0$4,570,003
91$10,666,768$111,050$0$4,957,422
92$11,657,417$19,131$0$5,383,547
93$12,746,046$0$0$5,852,381
94$13,942,552$0$0$6,397,526
95$15,257,838$0$0$7,004,540
96$16,703,917$0$0$7,672,035
97$18,294,024$0$0$8,406,135
98$20,042,742$0$0$9,213,588
99$21,966,134$0$0$10,101,826
100$24,081,901$0$0$11,079,041