Can I retire at age 59 with 842,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$69,532$68,912$68,308$67,718$67,142$66,859
2 years$34,422$33,781$33,159$32,557$31,973$31,687
3 years$22,720$22,076$21,456$20,859$20,285$20,005
4 years$16,870$16,228$15,615$15,028$14,467$14,196
5 years$13,361$12,723$12,118$11,543$10,998$10,736
6 years$11,023$10,389$9,793$9,231$8,702$8,449
7 years$9,353$8,725$8,138$7,589$7,077$6,834
8 years$8,101$7,479$6,902$6,367$5,871$5,638
9 years$7,128$6,512$5,944$5,423$4,944$4,720
10 years$6,350$5,740$5,182$4,675$4,213$3,998
11 years$5,714$5,110$4,562$4,068$3,623$3,418
12 years$5,184$4,586$4,049$3,568$3,140$2,944
13 years$4,736$4,145$3,618$3,150$2,738$2,551
14 years$4,353$3,767$3,250$2,797$2,400$2,222
15 years$4,021$3,442$2,935$2,494$2,113$1,943
16 years$3,730$3,158$2,661$2,233$1,868$1,706
17 years$3,474$2,908$2,421$2,006$1,656$1,502
18 years$3,247$2,687$2,210$1,808$1,472$1,327
19 years$3,044$2,490$2,023$1,634$1,312$1,174
20 years$2,862$2,314$1,857$1,480$1,172$1,041
21 years$2,697$2,156$1,708$1,343$1,049$925
22 years$2,547$2,012$1,574$1,221$940$823
23 years$2,411$1,882$1,453$1,112$844$734
24 years$2,286$1,763$1,344$1,014$759$654
25 years$2,171$1,655$1,245$926$683$584
26 years$2,065$1,555$1,155$847$615$522
27 years$1,967$1,464$1,072$775$554$467
28 years$1,877$1,379$997$710$500$418
29 years$1,792$1,301$928$651$452$375
30 years$1,714$1,229$864$598$408$336
31 years$1,641$1,162$806$549$369$301
32 years$1,572$1,099$752$505$334$270
33 years$1,508$1,041$702$464$302$243
34 years$1,448$986$656$427$274$218
35 years$1,391$936$613$393$248$196
36 years$1,337$888$573$362$224$176
37 years$1,287$843$537$333$203$158
38 years$1,239$802$503$307$184$142
39 years$1,194$762$471$283$167$128
40 years$1,151$725$441$261$152$115
41 years$1,111$690$414$241$138$103
42 years$1,072$657$388$223$125$93
43 years$1,035$626$364$205$113$84
44 years$1,000$597$342$190$103$75
45 years$967$569$321$175$93$68
46 years$935$543$302$162$85$61
47 years$905$518$283$150$77$55
48 years$876$495$266$138$70$49
49 years$849$473$250$128$64$44
50 years$822$451$235$118$58$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $842,000, adding $4,190 every year, while hoping to spend $47,484 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: 40/44/16 Blend
58$842,000$842,000$842,000$842,000
59$932,206$887,580$874,529$964,907
60$976,768$880,549$853,303$981,509
61$1,024,285$871,582$829,775$994,533
62$1,075,006$860,533$803,816$1,007,610
63$1,129,208$847,251$775,295$1,020,770
64$1,187,191$831,570$744,072$1,034,047
65$1,249,288$813,320$710,001$1,047,483
66$1,315,859$792,317$672,931$1,061,130
67$1,387,304$768,368$632,701$1,075,046
68$1,464,059$741,268$589,147$1,089,303
69$1,546,604$710,800$542,094$1,103,984
70$1,635,464$676,736$491,360$1,119,184
71$1,731,217$638,833$436,757$1,135,015
72$1,834,500$596,833$378,086$1,151,606
73$1,946,007$550,467$315,141$1,169,106
74$2,066,507$499,447$247,705$1,187,683
75$2,196,841$443,470$175,554$1,207,533
76$2,337,935$382,216$98,451$1,228,877
77$2,490,807$315,347$16,151$1,251,967
78$2,656,575$242,505$0$1,277,088
79$2,836,470$163,312$0$1,316,802
80$3,031,846$77,370$0$1,362,976
81$3,244,191$0$0$1,413,312
82$3,475,142$0$0$1,475,947
83$3,726,502$0$0$1,584,986
84$4,000,253$0$0$1,703,839
85$4,298,576$0$0$1,833,467
86$4,623,873$0$0$1,974,925
87$4,978,785$0$0$2,129,377
88$5,366,222$0$0$2,298,103
89$5,789,384$0$0$2,482,512
90$6,251,797$0$0$2,684,157
91$6,757,341$0$0$2,904,744
92$7,310,289$0$0$3,146,155
93$7,915,343$0$0$3,410,462
94$8,577,684$0$0$3,699,946
95$9,303,015$0$0$4,017,117
96$10,097,619$0$0$4,364,743
97$10,968,411$0$0$4,745,870
98$11,923,010$0$0$5,163,854
99$12,969,807$0$0$5,622,390
100$14,118,043$0$0$6,125,549