Can I retire at age 59 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$69,614$68,994$68,389$67,799$67,222$65,973
2 years$34,462$33,821$33,199$32,595$32,010$30,757
3 years$22,747$22,102$21,482$20,884$20,309$19,089
4 years$16,890$16,247$15,633$15,046$14,484$13,309
5 years$13,377$12,738$12,132$11,557$11,011$9,882
6 years$11,036$10,402$9,804$9,242$8,712$7,632
7 years$9,364$8,735$8,148$7,598$7,086$6,054
8 years$8,111$7,488$6,910$6,374$5,878$4,895
9 years$7,137$6,519$5,951$5,429$4,950$4,015
10 years$6,358$5,747$5,189$4,680$4,218$3,330
11 years$5,721$5,116$4,568$4,073$3,628$2,785
12 years$5,190$4,592$4,054$3,573$3,144$2,346
13 years$4,742$4,150$3,622$3,154$2,741$1,987
14 years$4,358$3,772$3,254$2,800$2,403$1,691
15 years$4,025$3,446$2,938$2,497$2,116$1,445
16 years$3,735$3,161$2,664$2,236$1,870$1,238
17 years$3,479$2,911$2,424$2,009$1,658$1,064
18 years$3,251$2,690$2,213$1,810$1,474$916
19 years$3,048$2,493$2,026$1,636$1,314$791
20 years$2,865$2,317$1,859$1,482$1,174$683
21 years$2,700$2,158$1,710$1,345$1,050$591
22 years$2,550$2,015$1,576$1,223$941$512
23 years$2,413$1,884$1,455$1,113$845$445
24 years$2,288$1,765$1,346$1,015$760$386
25 years$2,173$1,657$1,247$927$684$335
26 years$2,067$1,557$1,156$848$616$292
27 years$1,970$1,465$1,074$776$555$254
28 years$1,879$1,381$998$711$501$221
29 years$1,795$1,303$929$652$452$192
30 years$1,716$1,230$865$598$409$168
31 years$1,643$1,163$806$550$369$146
32 years$1,574$1,100$752$505$334$127
33 years$1,510$1,042$703$465$302$111
34 years$1,449$988$656$427$274$97
35 years$1,392$937$614$393$248$84
36 years$1,339$889$574$362$225$74
37 years$1,288$844$537$334$204$64
38 years$1,241$803$503$308$185$56
39 years$1,195$763$471$284$167$49
40 years$1,153$726$442$262$152$43
41 years$1,112$691$414$241$138$37
42 years$1,073$658$389$223$125$33
43 years$1,037$627$365$206$113$28
44 years$1,002$598$342$190$103$25
45 years$968$570$321$175$94$22
46 years$937$544$302$162$85$19
47 years$906$519$284$150$77$17
48 years$877$495$267$138$70$14
49 years$850$473$251$128$64$13
50 years$823$452$236$118$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $843,000, adding $3,200 every year, while hoping to spend $22,945 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: 71/7/22 Blend
58$843,000$843,000$843,000$843,000
59$932,287$887,608$874,541$993,187
60$1,002,967$906,687$879,425$1,053,306
61$1,080,087$925,933$883,704$1,116,096
62$1,164,280$945,328$887,332$1,184,286
63$1,256,243$964,855$890,264$1,258,408
64$1,356,742$984,495$892,450$1,339,050
65$1,466,621$1,004,227$893,839$1,426,859
66$1,586,810$1,024,028$894,376$1,522,548
67$1,718,332$1,043,872$894,005$1,626,903
68$1,862,314$1,063,734$892,666$1,740,791
69$2,019,996$1,083,583$890,296$1,865,166
70$2,192,746$1,103,388$886,831$2,001,079
71$2,382,067$1,123,115$882,201$2,149,691
72$2,589,617$1,142,727$876,334$2,312,278
73$2,817,221$1,162,184$869,154$2,490,250
74$3,066,890$1,181,444$860,584$2,685,157
75$3,340,839$1,200,460$850,539$2,898,711
76$3,641,505$1,219,184$838,933$3,132,796
77$3,971,577$1,237,562$825,675$3,389,491
78$4,334,012$1,255,537$810,670$3,671,084
79$4,732,072$1,273,049$793,818$3,980,101
80$5,169,349$1,290,033$775,016$4,319,322
81$5,649,797$1,306,420$754,153$4,691,813
82$6,177,776$1,322,134$731,117$5,100,953
83$6,758,087$1,337,097$705,788$5,550,467
84$7,396,021$1,351,224$678,041$6,044,458
85$8,097,405$1,364,424$647,745$6,587,451
86$8,868,661$1,376,601$614,765$7,184,431
87$9,716,862$1,387,652$578,957$7,840,894
88$10,649,803$1,397,468$540,173$8,562,896
89$11,676,071$1,405,932$498,258$9,357,112
90$12,805,129$1,412,921$453,048$10,230,901
91$14,047,400$1,418,303$404,373$11,192,369
92$15,414,372$1,421,936$352,056$12,250,454
93$16,918,700$1,423,674$295,912$13,415,005
94$18,574,330$1,423,356$235,748$14,696,878
95$20,396,626$1,420,815$171,360$16,108,036
96$22,402,520$1,415,873$102,538$17,661,666
97$24,610,666$1,408,339$29,062$19,372,300
98$27,041,620$1,398,014$0$21,255,954
99$29,718,033$1,384,684$0$23,341,865
100$32,664,862$1,368,124$0$25,645,935