Can I retire at age 59 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$69,449$68,830$68,227$67,638$67,063$66,335
2 years$34,381$33,740$33,120$32,518$31,935$31,202
3 years$22,693$22,050$21,431$20,835$20,261$19,545
4 years$16,850$16,209$15,596$15,010$14,450$13,758
5 years$13,345$12,708$12,103$11,529$10,985$10,318
6 years$11,009$10,377$9,781$9,220$8,692$8,051
7 years$9,342$8,715$8,128$7,580$7,069$6,455
8 years$8,091$7,470$6,893$6,359$5,864$5,276
9 years$7,120$6,504$5,937$5,416$4,939$4,377
10 years$6,343$5,733$5,176$4,669$4,208$3,672
11 years$5,707$5,104$4,557$4,063$3,619$3,108
12 years$5,178$4,581$4,044$3,564$3,136$2,650
13 years$4,731$4,140$3,613$3,147$2,735$2,273
14 years$4,348$3,763$3,247$2,793$2,397$1,959
15 years$4,016$3,437$2,931$2,491$2,111$1,695
16 years$3,726$3,154$2,658$2,230$1,865$1,472
17 years$3,470$2,905$2,418$2,004$1,654$1,282
18 years$3,243$2,684$2,208$1,806$1,471$1,119
19 years$3,041$2,487$2,021$1,632$1,311$980
20 years$2,858$2,311$1,855$1,478$1,171$859
21 years$2,694$2,153$1,706$1,341$1,048$754
22 years$2,544$2,010$1,572$1,220$939$663
23 years$2,408$1,880$1,452$1,111$843$583
24 years$2,283$1,761$1,343$1,013$758$514
25 years$2,168$1,653$1,244$925$682$454
26 years$2,063$1,553$1,153$846$614$400
27 years$1,965$1,462$1,071$774$554$354
28 years$1,874$1,378$996$709$500$313
29 years$1,790$1,300$926$651$451$276
30 years$1,712$1,227$863$597$408$245
31 years$1,639$1,160$805$548$369$217
32 years$1,570$1,098$751$504$333$192
33 years$1,506$1,040$701$463$302$170
34 years$1,446$985$655$426$273$151
35 years$1,389$935$612$393$247$133
36 years$1,336$887$573$362$224$118
37 years$1,285$842$536$333$203$105
38 years$1,238$801$502$307$184$93
39 years$1,193$761$470$283$167$82
40 years$1,150$724$441$261$152$73
41 years$1,109$689$413$241$137$65
42 years$1,071$657$388$222$125$58
43 years$1,034$626$364$205$113$51
44 years$999$596$342$189$103$45
45 years$966$569$321$175$93$40
46 years$934$543$301$162$85$36
47 years$904$518$283$149$77$32
48 years$875$494$266$138$70$28
49 years$848$472$250$128$63$25
50 years$821$451$235$118$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $841,000, adding $3,414 every year, while hoping to spend $57,237 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: 44/32/24 Blend
58$841,000$841,000$841,000$841,000
59$930,304$885,731$872,695$964,629
60$964,295$868,232$841,031$971,802
61$999,835$847,957$806,387$973,768
62$1,037,021$824,710$768,604$974,759
63$1,075,959$798,283$727,514$974,716
64$1,116,764$768,455$682,943$973,578
65$1,159,559$734,995$634,706$971,281
66$1,204,479$697,654$582,614$967,760
67$1,251,669$656,173$526,466$962,949
68$1,301,290$610,277$466,053$956,781
69$1,353,514$559,672$401,158$949,189
70$1,408,529$504,052$331,553$940,103
71$1,466,539$443,091$257,000$929,455
72$1,527,768$376,444$177,251$917,176
73$1,592,459$303,749$92,048$903,198
74$1,660,877$224,620$1,119$887,454
75$1,733,313$138,653$0$869,878
76$1,810,083$45,419$0$874,970
77$1,891,532$0$0$880,010
78$1,978,039$0$0$904,288
79$2,070,017$0$0$947,159
80$2,167,919$0$0$992,848
81$2,272,239$0$0$1,041,594
82$2,383,521$0$0$1,093,657
83$2,502,358$0$0$1,149,323
84$2,629,402$0$0$1,208,908
85$2,765,366$0$0$1,272,754
86$2,911,033$0$0$1,341,239
87$3,067,262$0$0$1,414,778
88$3,234,994$0$0$1,493,825
89$3,415,263$0$0$1,578,879
90$3,609,203$0$0$1,670,488
91$3,818,062$0$0$1,769,254
92$4,043,207$0$0$1,875,837
93$4,286,141$0$0$1,990,965
94$4,548,516$0$0$2,115,436
95$4,832,147$0$0$2,250,126
96$5,139,029$0$0$2,396,001
97$5,471,353$0$0$2,554,120
98$5,831,531$0$0$2,725,650
99$6,222,213$0$0$2,911,873
100$6,646,314$0$0$3,114,199