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%11.2%
1 years$69,284$68,667$68,065$67,477$66,903$66,565
2 years$34,299$33,660$33,041$32,441$31,859$31,518
3 years$22,639$21,997$21,380$20,785$20,212$19,879
4 years$16,810$16,170$15,559$14,975$14,416$14,092
5 years$13,313$12,678$12,074$11,502$10,959$10,646
6 years$10,983$10,352$9,758$9,198$8,671$8,370
7 years$9,320$8,694$8,109$7,562$7,052$6,762
8 years$8,072$7,452$6,877$6,344$5,850$5,572
9 years$7,103$6,489$5,923$5,404$4,927$4,660
10 years$6,327$5,719$5,164$4,658$4,198$3,943
11 years$5,694$5,092$4,546$4,054$3,610$3,366
12 years$5,166$4,570$4,035$3,556$3,129$2,895
13 years$4,720$4,130$3,605$3,139$2,728$2,506
14 years$4,337$3,754$3,239$2,787$2,392$2,180
15 years$4,006$3,429$2,924$2,485$2,106$1,904
16 years$3,717$3,146$2,651$2,225$1,861$1,669
17 years$3,462$2,898$2,413$1,999$1,650$1,468
18 years$3,236$2,678$2,202$1,802$1,467$1,295
19 years$3,033$2,482$2,016$1,628$1,308$1,144
20 years$2,851$2,306$1,850$1,475$1,168$1,013
21 years$2,687$2,148$1,702$1,338$1,045$899
22 years$2,538$2,005$1,569$1,217$937$799
23 years$2,402$1,875$1,448$1,108$841$711
24 years$2,277$1,757$1,339$1,011$756$633
25 years$2,163$1,649$1,241$923$680$564
26 years$2,058$1,550$1,151$844$613$504
27 years$1,960$1,458$1,068$772$552$450
28 years$1,870$1,374$993$708$498$402
29 years$1,786$1,296$924$649$450$360
30 years$1,708$1,224$861$596$407$322
31 years$1,635$1,157$803$547$368$288
32 years$1,567$1,095$749$503$333$258
33 years$1,503$1,037$699$462$301$231
34 years$1,442$983$653$425$273$207
35 years$1,386$932$611$392$247$186
36 years$1,333$885$571$361$224$167
37 years$1,282$840$535$332$203$150
38 years$1,235$799$501$306$184$134
39 years$1,190$760$469$282$167$121
40 years$1,147$723$440$260$151$108
41 years$1,107$688$412$240$137$97
42 years$1,068$655$387$222$124$87
43 years$1,032$624$363$205$113$78
44 years$997$595$341$189$103$70
45 years$964$567$320$175$93$63
46 years$932$541$300$161$84$57
47 years$902$517$282$149$77$51
48 years$873$493$265$138$70$46
49 years$846$471$249$127$63$41
50 years$819$450$234$118$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $839,000, adding $6,247 every year, while hoping to spend $59,374 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: 76/6/18 Blend
58$839,000$839,000$839,000$839,000
59$931,022$886,555$873,550$997,498
60$962,813$866,822$839,641$1,022,595
61$995,856$844,133$802,605$1,042,124
62$1,030,217$818,280$762,276$1,061,950
63$1,065,966$789,042$718,479$1,082,085
64$1,103,177$756,188$671,031$1,102,545
65$1,141,931$719,471$619,740$1,123,344
66$1,182,314$678,631$564,408$1,144,503
67$1,224,419$633,393$504,824$1,166,042
68$1,268,346$583,466$440,773$1,187,988
69$1,314,204$528,542$372,025$1,210,369
70$1,362,108$468,296$298,343$1,233,219
71$1,412,186$402,385$219,480$1,256,575
72$1,464,571$330,444$135,175$1,280,480
73$1,519,414$252,092$45,160$1,304,984
74$1,576,871$166,922$0$1,330,143
75$1,637,118$74,507$0$1,365,795
76$1,700,341$0$0$1,412,130
77$1,766,744$0$0$1,462,293
78$1,836,549$0$0$1,520,208
79$1,909,997$0$0$1,581,157
80$1,987,348$0$0$1,645,358
81$2,068,890$0$0$1,713,049
82$2,154,931$0$0$1,784,490
83$2,245,812$0$0$1,859,965
84$2,341,902$0$0$1,939,783
85$2,443,604$0$0$2,024,280
86$2,551,359$0$0$2,113,824
87$2,665,647$0$0$2,208,819
88$2,786,996$0$0$2,309,704
89$2,915,980$0$0$2,416,960
90$3,053,228$0$0$2,531,114
91$3,199,431$0$0$2,652,741
92$3,355,341$0$0$2,782,474
93$3,521,786$0$0$2,921,002
94$3,699,670$0$0$3,069,084
95$3,889,986$0$0$3,227,549
96$4,093,823$0$0$3,397,309
97$4,312,373$0$0$3,579,362
98$4,546,946$0$0$3,774,803
99$4,798,979$0$0$3,984,834
100$5,070,048$0$0$4,210,777