Can I retire at age 59 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$69,697$69,076$68,470$67,879$67,302$65,069
2 years$34,503$33,861$33,238$32,634$32,048$29,821
3 years$22,774$22,128$21,507$20,909$20,333$18,180
4 years$16,910$16,267$15,652$15,064$14,502$12,440
5 years$13,393$12,753$12,146$11,570$11,024$9,059
6 years$11,049$10,414$9,816$9,253$8,723$6,857
7 years$9,375$8,746$8,157$7,607$7,094$5,326
8 years$8,120$7,497$6,918$6,382$5,885$4,214
9 years$7,145$6,527$5,958$5,436$4,956$3,380
10 years$6,365$5,753$5,195$4,686$4,223$2,739
11 years$5,728$5,122$4,573$4,078$3,632$2,238
12 years$5,197$4,597$4,059$3,577$3,147$1,840
13 years$4,748$4,154$3,626$3,158$2,744$1,520
14 years$4,363$3,776$3,258$2,803$2,406$1,261
15 years$4,030$3,450$2,942$2,500$2,118$1,050
16 years$3,739$3,165$2,667$2,238$1,872$876
17 years$3,483$2,915$2,427$2,011$1,660$733
18 years$3,255$2,693$2,215$1,813$1,476$614
19 years$3,051$2,496$2,028$1,638$1,316$515
20 years$2,868$2,320$1,861$1,483$1,175$433
21 years$2,703$2,161$1,712$1,346$1,052$364
22 years$2,553$2,017$1,578$1,224$943$307
23 years$2,416$1,886$1,457$1,115$846$259
24 years$2,291$1,767$1,347$1,017$760$218
25 years$2,176$1,659$1,248$929$684$184
26 years$2,070$1,559$1,157$849$616$155
27 years$1,972$1,467$1,075$777$556$131
28 years$1,881$1,382$999$712$501$111
29 years$1,797$1,304$930$653$453$94
30 years$1,718$1,232$866$599$409$79
31 years$1,645$1,164$807$550$370$67
32 years$1,576$1,102$753$506$335$56
33 years$1,511$1,043$703$465$303$48
34 years$1,451$989$657$428$274$40
35 years$1,394$938$614$394$248$34
36 years$1,340$890$575$363$225$29
37 years$1,290$845$538$334$204$24
38 years$1,242$803$504$308$185$21
39 years$1,197$764$472$284$168$17
40 years$1,154$727$442$262$152$15
41 years$1,113$692$415$242$138$12
42 years$1,075$659$389$223$125$11
43 years$1,038$628$365$206$114$9
44 years$1,003$599$343$190$103$8
45 years$969$571$322$176$94$6
46 years$938$544$302$162$85$5
47 years$907$520$284$150$77$5
48 years$878$496$267$138$70$4
49 years$851$474$251$128$64$3
50 years$824$452$236$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $844,000, adding $6,049 every year, while hoping to spend $31,216 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: 55/23/22 Blend
58$844,000$844,000$844,000$844,000
59$936,328$891,596$878,514$981,905
60$998,619$902,070$874,730$1,024,275
61$1,066,219$912,012$869,774$1,066,597
62$1,139,634$921,361$863,572$1,112,021
63$1,219,425$930,056$856,050$1,160,852
64$1,306,205$938,028$847,127$1,213,431
65$1,400,654$945,207$836,721$1,270,130
66$1,503,514$951,515$824,745$1,331,364
67$1,615,605$956,873$811,107$1,397,589
68$1,737,830$961,193$795,712$1,469,309
69$1,871,182$964,384$778,461$1,547,080
70$2,016,752$966,348$759,249$1,631,519
71$2,175,743$966,982$737,966$1,723,305
72$2,349,480$966,175$714,499$1,823,186
73$2,539,420$963,811$688,728$1,931,992
74$2,747,168$959,765$660,528$2,050,638
75$2,974,492$953,906$629,768$2,180,132
76$3,223,336$946,094$596,312$2,321,589
77$3,495,845$936,180$560,016$2,476,240
78$3,794,376$924,009$520,732$2,645,444
79$4,121,530$909,412$478,304$2,830,700
80$4,480,167$892,214$432,568$3,033,662
81$4,873,439$872,228$383,355$3,256,159
82$5,304,819$849,256$330,486$3,500,205
83$5,778,129$823,089$273,776$3,768,025
84$6,297,582$793,504$213,031$4,062,076
85$6,867,817$760,267$148,049$4,385,066
86$7,493,944$723,130$78,619$4,739,985
87$8,181,593$681,830$4,519$5,130,131
88$8,936,965$636,089$0$5,559,145
89$9,766,892$585,614$0$6,048,543
90$10,678,899$530,093$0$6,587,523
91$11,681,278$469,199$0$7,179,968
92$12,783,164$402,585$0$7,831,331
93$13,994,620$329,885$0$8,547,623
94$15,326,732$250,710$0$9,335,470
95$16,791,717$164,653$0$10,202,175
96$18,403,032$71,281$0$11,155,793
97$20,175,506$0$0$12,205,199
98$22,125,477$0$0$13,367,737
99$24,270,944$0$0$14,666,766
100$26,631,743$0$0$16,096,265