Can I retire at age 59 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$69,862$69,240$68,632$68,040$67,461$65,512
2 years$34,585$33,941$33,317$32,711$32,124$30,176
3 years$22,828$22,181$21,558$20,959$20,381$18,494
4 years$16,950$16,305$15,689$15,099$14,536$12,726
5 years$13,425$12,784$12,175$11,598$11,050$9,321
6 years$11,075$10,439$9,839$9,275$8,743$7,098
7 years$9,397$8,766$8,177$7,625$7,111$5,548
8 years$8,140$7,514$6,934$6,397$5,899$4,418
9 years$7,162$6,543$5,973$5,449$4,968$3,568
10 years$6,380$5,767$5,207$4,697$4,233$2,911
11 years$5,741$5,134$4,584$4,088$3,640$2,395
12 years$5,209$4,608$4,068$3,585$3,155$1,983
13 years$4,759$4,164$3,635$3,165$2,751$1,651
14 years$4,373$3,785$3,266$2,810$2,411$1,380
15 years$4,040$3,458$2,949$2,506$2,123$1,158
16 years$3,748$3,173$2,673$2,244$1,877$974
17 years$3,491$2,922$2,433$2,016$1,664$821
18 years$3,263$2,700$2,221$1,817$1,479$694
19 years$3,059$2,502$2,033$1,642$1,319$587
20 years$2,875$2,325$1,866$1,487$1,178$498
21 years$2,710$2,166$1,716$1,349$1,054$422
22 years$2,559$2,022$1,582$1,227$945$359
23 years$2,422$1,891$1,460$1,117$848$305
24 years$2,296$1,772$1,351$1,019$762$259
25 years$2,181$1,663$1,251$931$686$221
26 years$2,075$1,563$1,160$851$618$188
27 years$1,977$1,471$1,077$779$557$160
28 years$1,886$1,386$1,002$714$503$136
29 years$1,801$1,307$932$654$454$116
30 years$1,722$1,235$868$601$410$99
31 years$1,648$1,167$809$552$371$85
32 years$1,580$1,104$755$507$335$72
33 years$1,515$1,046$705$466$304$62
34 years$1,454$991$659$429$275$53
35 years$1,397$940$616$395$249$45
36 years$1,344$892$576$364$226$38
37 years$1,293$847$539$335$204$33
38 years$1,245$805$505$309$185$28
39 years$1,200$766$473$285$168$24
40 years$1,157$729$443$263$152$20
41 years$1,116$694$416$242$138$17
42 years$1,077$661$390$224$125$15
43 years$1,040$629$366$206$114$13
44 years$1,005$600$344$191$103$11
45 years$972$572$323$176$94$9
46 years$940$546$303$163$85$8
47 years$909$521$285$150$77$7
48 years$880$497$268$139$70$6
49 years$853$475$251$128$64$5
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $846,000, adding $6,010 every year, while hoping to spend $41,602 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: 23/49/28 Blend
58$846,000$846,000$846,000$846,000
59$938,491$893,653$880,540$951,675
60$989,953$893,178$865,774$963,070
61$1,045,270$891,285$849,119$971,377
62$1,104,791$887,862$830,468$979,388
63$1,168,899$882,786$809,708$987,105
64$1,238,016$875,932$786,723$994,536
65$1,312,605$867,164$761,389$1,001,693
66$1,393,173$856,338$733,578$1,008,594
67$1,480,280$843,301$703,156$1,015,263
68$1,574,539$827,894$669,983$1,021,733
69$1,676,626$809,945$633,911$1,028,045
70$1,787,283$789,273$594,788$1,034,250
71$1,907,325$765,686$552,452$1,040,409
72$2,037,650$738,983$506,738$1,046,598
73$2,179,245$708,948$457,468$1,052,906
74$2,333,197$675,355$404,462$1,059,439
75$2,500,699$637,963$347,527$1,066,321
76$2,683,065$596,519$286,465$1,073,697
77$2,881,744$550,754$221,067$1,081,736
78$3,098,325$500,384$151,116$1,090,631
79$3,334,560$445,109$76,385$1,100,609
80$3,592,378$384,613$0$1,111,925
81$3,873,901$318,559$0$1,125,880
82$4,181,465$246,594$0$1,166,222
83$4,517,641$168,344$0$1,210,567
84$4,885,263$83,415$0$1,259,428
85$5,287,446$0$0$1,313,381
86$5,727,625$0$0$1,377,711
87$6,209,579$0$0$1,497,536
88$6,737,470$0$0$1,628,930
89$7,315,885$0$0$1,773,055
90$7,949,869$0$0$1,931,186
91$8,644,985$0$0$2,104,730
92$9,407,356$0$0$2,295,239
93$10,243,727$0$0$2,504,417
94$11,161,528$0$0$2,734,146
95$12,168,943$0$0$2,986,497
96$13,274,985$0$0$3,263,753
97$14,489,584$0$0$3,568,426
98$15,823,681$0$0$3,903,287
99$17,289,324$0$0$4,271,386
100$18,899,789$0$0$4,676,086