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%17.7%
1 years$69,449$68,830$68,227$67,638$67,063$64,968
2 years$34,381$33,740$33,120$32,518$31,935$29,843
3 years$22,693$22,050$21,431$20,835$20,261$18,237
4 years$16,850$16,209$15,596$15,010$14,450$12,511
5 years$13,345$12,708$12,103$11,529$10,985$9,135
6 years$11,009$10,377$9,781$9,220$8,692$6,933
7 years$9,342$8,715$8,128$7,580$7,069$5,401
8 years$8,091$7,470$6,893$6,359$5,864$4,286
9 years$7,120$6,504$5,937$5,416$4,939$3,448
10 years$6,343$5,733$5,176$4,669$4,208$2,803
11 years$5,707$5,104$4,557$4,063$3,619$2,297
12 years$5,178$4,581$4,044$3,564$3,136$1,895
13 years$4,731$4,140$3,613$3,147$2,735$1,571
14 years$4,348$3,763$3,247$2,793$2,397$1,308
15 years$4,016$3,437$2,931$2,491$2,111$1,093
16 years$3,726$3,154$2,658$2,230$1,865$915
17 years$3,470$2,905$2,418$2,004$1,654$768
18 years$3,243$2,684$2,208$1,806$1,471$646
19 years$3,041$2,487$2,021$1,632$1,311$545
20 years$2,858$2,311$1,855$1,478$1,171$459
21 years$2,694$2,153$1,706$1,341$1,048$388
22 years$2,544$2,010$1,572$1,220$939$328
23 years$2,408$1,880$1,452$1,111$843$277
24 years$2,283$1,761$1,343$1,013$758$235
25 years$2,168$1,653$1,244$925$682$199
26 years$2,063$1,553$1,153$846$614$169
27 years$1,965$1,462$1,071$774$554$143
28 years$1,874$1,378$996$709$500$121
29 years$1,790$1,300$926$651$451$103
30 years$1,712$1,227$863$597$408$87
31 years$1,639$1,160$805$548$369$74
32 years$1,570$1,098$751$504$333$63
33 years$1,506$1,040$701$463$302$53
34 years$1,446$985$655$426$273$45
35 years$1,389$935$612$393$247$38
36 years$1,336$887$573$362$224$33
37 years$1,285$842$536$333$203$28
38 years$1,238$801$502$307$184$24
39 years$1,193$761$470$283$167$20
40 years$1,150$724$441$261$152$17
41 years$1,109$689$413$241$137$14
42 years$1,071$657$388$222$125$12
43 years$1,034$626$364$205$113$10
44 years$999$596$342$189$103$9
45 years$966$569$321$175$93$8
46 years$934$543$301$162$85$6
47 years$904$518$283$149$77$5
48 years$875$494$266$138$70$5
49 years$848$472$250$128$63$4
50 years$821$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $841,000, adding $4,705 every year, while hoping to spend $45,927 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: 35/46/19 Blend
58$841,000$841,000$841,000$841,000
59$931,635$887,062$874,027$958,689
60$977,796$881,662$854,441$973,512
61$1,027,126$874,458$832,659$984,885
62$1,079,900$865,314$808,560$996,198
63$1,136,419$854,084$782,016$1,007,472
64$1,197,013$840,613$752,894$1,018,734
65$1,262,046$824,741$721,053$1,030,018
66$1,331,914$806,293$686,348$1,041,365
67$1,407,055$785,087$648,626$1,052,827
68$1,487,948$760,929$607,728$1,064,463
69$1,575,119$733,615$563,488$1,076,345
70$1,669,147$702,928$515,730$1,088,557
71$1,770,667$668,638$464,273$1,101,198
72$1,880,376$630,503$408,928$1,114,383
73$1,999,043$588,265$349,495$1,128,246
74$2,127,509$541,655$285,768$1,142,939
75$2,266,704$490,384$217,529$1,158,640
76$2,417,645$434,150$144,554$1,175,551
77$2,581,453$372,633$66,605$1,193,904
78$2,759,363$305,493$0$1,213,963
79$2,952,728$232,373$0$1,239,390
80$3,163,043$152,895$0$1,281,791
81$3,391,947$66,661$0$1,328,091
82$3,641,247$0$0$1,378,782
83$3,912,931$0$0$1,447,957
84$4,209,185$0$0$1,560,292
85$4,532,416$0$0$1,682,972
86$4,885,275$0$0$1,817,017
87$5,270,677$0$0$1,963,549
88$5,691,835$0$0$2,123,805
89$6,152,283$0$0$2,299,146
90$6,655,912$0$0$2,491,071
91$7,207,008$0$0$2,701,232
92$7,810,291$0$0$2,931,445
93$8,470,956$0$0$3,183,712
94$9,194,725$0$0$3,460,238
95$9,987,899$0$0$3,763,452
96$10,857,420$0$0$4,096,026
97$11,810,931$0$0$4,460,907
98$12,856,851$0$0$4,861,340
99$14,004,453$0$0$5,300,897
100$15,263,950$0$0$5,783,515