Can I retire at age 59 with 844,000?

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 $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%15.4%
1 years$69,697$69,076$68,470$67,879$67,302$65,808
2 years$34,503$33,861$33,238$32,634$32,048$30,552
3 years$22,774$22,128$21,507$20,909$20,333$18,879
4 years$16,910$16,267$15,652$15,064$14,502$13,103
5 years$13,393$12,753$12,146$11,570$11,024$9,683
6 years$11,049$10,414$9,816$9,253$8,723$7,442
7 years$9,375$8,746$8,157$7,607$7,094$5,873
8 years$8,120$7,497$6,918$6,382$5,885$4,724
9 years$7,145$6,527$5,958$5,436$4,956$3,854
10 years$6,365$5,753$5,195$4,686$4,223$3,178
11 years$5,728$5,122$4,573$4,078$3,632$2,644
12 years$5,197$4,597$4,059$3,577$3,147$2,214
13 years$4,748$4,154$3,626$3,158$2,744$1,864
14 years$4,363$3,776$3,258$2,803$2,406$1,577
15 years$4,030$3,450$2,942$2,500$2,118$1,338
16 years$3,739$3,165$2,667$2,238$1,872$1,140
17 years$3,483$2,915$2,427$2,011$1,660$973
18 years$3,255$2,693$2,215$1,813$1,476$832
19 years$3,051$2,496$2,028$1,638$1,316$714
20 years$2,868$2,320$1,861$1,483$1,175$613
21 years$2,703$2,161$1,712$1,346$1,052$527
22 years$2,553$2,017$1,578$1,224$943$453
23 years$2,416$1,886$1,457$1,115$846$390
24 years$2,291$1,767$1,347$1,017$760$337
25 years$2,176$1,659$1,248$929$684$290
26 years$2,070$1,559$1,157$849$616$251
27 years$1,972$1,467$1,075$777$556$216
28 years$1,881$1,382$999$712$501$187
29 years$1,797$1,304$930$653$453$162
30 years$1,718$1,232$866$599$409$140
31 years$1,645$1,164$807$550$370$121
32 years$1,576$1,102$753$506$335$105
33 years$1,511$1,043$703$465$303$91
34 years$1,451$989$657$428$274$78
35 years$1,394$938$614$394$248$68
36 years$1,340$890$575$363$225$59
37 years$1,290$845$538$334$204$51
38 years$1,242$803$504$308$185$44
39 years$1,197$764$472$284$168$38
40 years$1,154$727$442$262$152$33
41 years$1,113$692$415$242$138$29
42 years$1,075$659$389$223$125$25
43 years$1,038$628$365$206$114$21
44 years$1,003$599$343$190$103$19
45 years$969$571$322$176$94$16
46 years$938$544$302$162$85$14
47 years$907$520$284$150$77$12
48 years$878$496$267$138$70$10
49 years$851$474$251$128$64$9
50 years$824$452$236$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $844,000, adding $6,316 every year, while hoping to spend $32,119 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: 68/10/22 Blend
58$844,000$844,000$844,000$844,000
59$936,603$891,871$878,789$994,688
60$997,962$901,398$874,054$1,043,913
61$1,064,503$910,316$868,084$1,093,442
62$1,136,721$918,560$860,804$1,146,860
63$1,215,160$926,063$852,134$1,204,548
64$1,300,419$932,752$841,992$1,266,929
65$1,393,155$938,550$830,292$1,334,469
66$1,494,093$943,375$816,943$1,407,682
67$1,604,029$947,140$801,850$1,487,133
68$1,723,842$949,752$784,914$1,573,449
69$1,854,497$951,112$766,031$1,667,318
70$1,997,055$951,116$745,092$1,769,501
71$2,152,686$949,652$721,984$1,880,836
72$2,322,677$946,602$696,588$2,002,250
73$2,508,445$941,841$668,779$2,134,763
74$2,711,551$935,235$638,427$2,279,499
75$2,933,711$926,644$605,397$2,437,702
76$3,176,818$915,918$569,546$2,610,740
77$3,442,954$902,898$530,726$2,800,123
78$3,734,411$887,416$488,782$3,007,518
79$4,053,716$869,295$443,551$3,234,761
80$4,403,650$848,345$394,864$3,483,878
81$4,787,275$824,366$342,545$3,757,103
82$5,207,965$797,148$286,408$4,056,901
83$5,669,436$766,467$226,261$4,385,989
84$6,175,779$732,085$161,903$4,747,362
85$6,731,504$693,753$93,122$5,144,325
86$7,341,575$651,204$19,699$5,580,521
87$8,011,463$604,160$0$6,059,969
88$8,747,192$552,324$0$6,600,865
89$9,555,400$495,382$0$7,200,157
90$10,443,399$433,004$0$7,858,659
91$11,419,244$364,840$0$8,582,370
92$12,491,810$290,520$0$9,377,902
93$13,670,874$209,655$0$10,252,539
94$14,967,207$121,831$0$11,214,309
95$16,392,675$26,614$0$12,272,060
96$17,960,354$0$0$13,435,539
97$19,684,648$0$0$14,723,903
98$21,581,429$0$0$16,144,425
99$23,668,183$0$0$17,707,278
100$25,964,178$0$0$19,426,901