Can I retire at age 59 with 842,000?

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 $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%12.8%
1 years$69,532$68,912$68,308$67,718$67,142$66,358
2 years$34,422$33,781$33,159$32,557$31,973$31,183
3 years$22,720$22,076$21,456$20,859$20,285$19,515
4 years$16,870$16,228$15,615$15,028$14,467$13,723
5 years$13,361$12,723$12,118$11,543$10,998$10,281
6 years$11,023$10,389$9,793$9,231$8,702$8,014
7 years$9,353$8,725$8,138$7,589$7,077$6,417
8 years$8,101$7,479$6,902$6,367$5,871$5,240
9 years$7,128$6,512$5,944$5,423$4,944$4,341
10 years$6,350$5,740$5,182$4,675$4,213$3,638
11 years$5,714$5,110$4,562$4,068$3,623$3,075
12 years$5,184$4,586$4,049$3,568$3,140$2,619
13 years$4,736$4,145$3,618$3,150$2,738$2,243
14 years$4,353$3,767$3,250$2,797$2,400$1,931
15 years$4,021$3,442$2,935$2,494$2,113$1,669
16 years$3,730$3,158$2,661$2,233$1,868$1,447
17 years$3,474$2,908$2,421$2,006$1,656$1,259
18 years$3,247$2,687$2,210$1,808$1,472$1,097
19 years$3,044$2,490$2,023$1,634$1,312$959
20 years$2,862$2,314$1,857$1,480$1,172$839
21 years$2,697$2,156$1,708$1,343$1,049$736
22 years$2,547$2,012$1,574$1,221$940$646
23 years$2,411$1,882$1,453$1,112$844$568
24 years$2,286$1,763$1,344$1,014$759$499
25 years$2,171$1,655$1,245$926$683$440
26 years$2,065$1,555$1,155$847$615$388
27 years$1,967$1,464$1,072$775$554$342
28 years$1,877$1,379$997$710$500$302
29 years$1,792$1,301$928$651$452$266
30 years$1,714$1,229$864$598$408$235
31 years$1,641$1,162$806$549$369$208
32 years$1,572$1,099$752$505$334$184
33 years$1,508$1,041$702$464$302$163
34 years$1,448$986$656$427$274$144
35 years$1,391$936$613$393$248$127
36 years$1,337$888$573$362$224$113
37 years$1,287$843$537$333$203$100
38 years$1,239$802$503$307$184$88
39 years$1,194$762$471$283$167$78
40 years$1,151$725$441$261$152$69
41 years$1,111$690$414$241$138$61
42 years$1,072$657$388$223$125$54
43 years$1,035$626$364$205$113$48
44 years$1,000$597$342$190$103$43
45 years$967$569$321$175$93$38
46 years$935$543$302$162$85$33
47 years$905$518$283$150$77$30
48 years$876$495$266$138$70$26
49 years$849$473$250$128$64$23
50 years$822$451$235$118$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $842,000, adding $5,812 every year, while hoping to spend $28,905 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: 30/44/26 Blend
58$842,000$842,000$842,000$842,000
59$933,879$889,253$876,202$954,263
60$998,380$902,072$874,800$983,364
61$1,068,491$914,550$872,382$1,011,712
62$1,144,755$926,640$868,885$1,041,626
63$1,227,766$938,292$864,239$1,073,262
64$1,318,182$949,451$858,374$1,106,793
65$1,416,723$960,061$851,216$1,142,411
66$1,524,184$970,059$842,687$1,180,329
67$1,641,439$979,380$832,705$1,220,785
68$1,769,450$987,955$821,186$1,264,041
69$1,909,277$995,708$808,038$1,310,389
70$2,062,086$1,002,560$793,170$1,360,152
71$2,229,160$1,008,426$776,483$1,413,691
72$2,411,913$1,013,218$757,873$1,471,403
73$2,611,901$1,016,839$737,235$1,533,731
74$2,830,838$1,019,187$714,456$1,601,162
75$3,070,611$1,020,155$689,418$1,674,241
76$3,333,299$1,019,628$661,999$1,753,569
77$3,621,189$1,017,484$632,069$1,839,810
78$3,936,803$1,013,593$599,496$1,933,703
79$4,282,916$1,007,819$564,139$2,036,065
80$4,662,587$1,000,015$525,851$2,147,800
81$5,079,183$990,027$484,479$2,269,910
82$5,536,413$977,692$439,862$2,403,501
83$6,038,364$962,836$391,835$2,549,800
84$6,589,537$945,275$340,221$2,710,164
85$7,194,891$924,814$284,839$2,886,092
86$7,859,887$901,247$225,498$3,079,245
87$8,590,542$874,356$162,000$3,291,457
88$9,393,487$843,908$94,136$3,524,757
89$10,276,023$809,660$21,690$3,781,390
90$11,246,196$771,352$0$4,063,834
91$12,312,871$728,711$0$4,390,261
92$13,485,813$681,447$0$4,755,694
93$14,775,781$629,253$0$5,157,523
94$16,194,630$571,806$0$5,599,519
95$17,755,420$508,763$0$6,085,841
96$19,472,543$439,763$0$6,621,077
97$21,361,854$364,422$0$7,210,295
98$23,440,823$282,339$0$7,859,080
99$25,728,698$193,084$0$8,573,602
100$28,246,689$96,209$0$9,360,661