Can I retire at age 59 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$69,284$68,667$68,065$67,477$66,903$64,891
2 years$34,299$33,660$33,041$32,441$31,859$29,849
3 years$22,639$21,997$21,380$20,785$20,212$18,268
4 years$16,810$16,170$15,559$14,975$14,416$12,551
5 years$13,313$12,678$12,074$11,502$10,959$9,178
6 years$10,983$10,352$9,758$9,198$8,671$6,977
7 years$9,320$8,694$8,109$7,562$7,052$5,445
8 years$8,072$7,452$6,877$6,344$5,850$4,328
9 years$7,103$6,489$5,923$5,404$4,927$3,489
10 years$6,327$5,719$5,164$4,658$4,198$2,841
11 years$5,694$5,092$4,546$4,054$3,610$2,333
12 years$5,166$4,570$4,035$3,556$3,129$1,928
13 years$4,720$4,130$3,605$3,139$2,728$1,602
14 years$4,337$3,754$3,239$2,787$2,392$1,336
15 years$4,006$3,429$2,924$2,485$2,106$1,119
16 years$3,717$3,146$2,651$2,225$1,861$939
17 years$3,462$2,898$2,413$1,999$1,650$790
18 years$3,236$2,678$2,202$1,802$1,467$666
19 years$3,033$2,482$2,016$1,628$1,308$563
20 years$2,851$2,306$1,850$1,475$1,168$476
21 years$2,687$2,148$1,702$1,338$1,045$403
22 years$2,538$2,005$1,569$1,217$937$341
23 years$2,402$1,875$1,448$1,108$841$289
24 years$2,277$1,757$1,339$1,011$756$245
25 years$2,163$1,649$1,241$923$680$208
26 years$2,058$1,550$1,151$844$613$177
27 years$1,960$1,458$1,068$772$552$150
28 years$1,870$1,374$993$708$498$128
29 years$1,786$1,296$924$649$450$109
30 years$1,708$1,224$861$596$407$93
31 years$1,635$1,157$803$547$368$79
32 years$1,567$1,095$749$503$333$67
33 years$1,503$1,037$699$462$301$57
34 years$1,442$983$653$425$273$49
35 years$1,386$932$611$392$247$41
36 years$1,333$885$571$361$224$35
37 years$1,282$840$535$332$203$30
38 years$1,235$799$501$306$184$25
39 years$1,190$760$469$282$167$22
40 years$1,147$723$440$260$151$18
41 years$1,107$688$412$240$137$16
42 years$1,068$655$387$222$124$13
43 years$1,032$624$363$205$113$11
44 years$997$595$341$189$103$10
45 years$964$567$320$175$93$8
46 years$932$541$300$161$84$7
47 years$902$517$282$149$77$6
48 years$873$493$265$138$70$5
49 years$846$471$249$127$63$4
50 years$819$450$234$118$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $839,000, adding $3,192 every year, while hoping to spend $23,441 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: 42/43/15 Blend
58$839,000$839,000$839,000$839,000
59$927,871$883,404$870,399$962,639
60$997,572$901,749$874,616$1,005,775
61$1,073,598$920,208$878,189$1,049,897
62$1,156,568$938,761$881,072$1,097,170
63$1,247,165$957,388$883,215$1,147,894
64$1,346,140$976,065$884,567$1,202,397
65$1,454,322$994,767$885,075$1,261,044
66$1,572,621$1,013,469$884,683$1,324,236
67$1,702,040$1,032,140$883,332$1,392,414
68$1,843,683$1,050,750$880,959$1,466,066
69$1,998,768$1,069,266$877,499$1,545,731
70$2,168,632$1,087,650$872,886$1,631,999
71$2,354,751$1,105,863$867,046$1,725,527
72$2,558,749$1,123,864$859,906$1,827,034
73$2,782,415$1,141,607$851,386$1,937,317
74$3,027,720$1,159,044$841,406$2,057,253
75$3,296,832$1,176,122$829,878$2,187,809
76$3,592,143$1,192,786$816,713$2,330,053
77$3,916,285$1,208,977$801,816$2,485,161
78$4,272,159$1,224,629$785,090$2,654,433
79$4,662,959$1,239,675$766,430$2,839,300
80$5,092,204$1,254,043$745,729$3,041,340
81$5,563,771$1,267,654$722,873$3,262,298
82$6,081,932$1,280,424$697,745$3,504,092
83$6,651,390$1,292,266$670,221$3,768,842
84$7,277,330$1,303,085$640,171$4,058,884
85$7,965,462$1,312,781$607,461$4,376,795
86$8,722,077$1,321,245$571,949$4,725,417
87$9,554,107$1,328,365$533,488$5,107,885
88$10,469,190$1,334,018$491,924$5,527,653
89$11,475,739$1,338,076$447,094$5,988,534
90$12,583,024$1,340,402$398,832$6,494,730
91$13,801,260$1,340,850$346,961$7,050,877
92$15,141,702$1,339,264$291,297$7,662,084
93$16,616,749$1,335,482$231,649$8,333,988
94$18,240,065$1,329,328$167,817$9,072,803
95$20,026,704$1,320,617$99,591$9,885,380
96$21,993,254$1,309,153$26,753$10,779,276
97$24,157,992$1,294,728$0$11,762,820
98$26,541,059$1,277,121$0$12,853,357
99$29,164,645$1,256,099$0$14,057,956
100$32,053,204$1,231,413$0$15,383,534