Can I retire at age 59 with 846,000?

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 $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%16.4%
1 years$69,862$69,240$68,632$68,040$67,461$65,697
2 years$34,585$33,941$33,317$32,711$32,124$30,359
3 years$22,828$22,181$21,558$20,959$20,381$18,670
4 years$16,950$16,305$15,689$15,099$14,536$12,892
5 years$13,425$12,784$12,175$11,598$11,050$9,478
6 years$11,075$10,439$9,839$9,275$8,743$7,245
7 years$9,397$8,766$8,177$7,625$7,111$5,685
8 years$8,140$7,514$6,934$6,397$5,899$4,546
9 years$7,162$6,543$5,973$5,449$4,968$3,687
10 years$6,380$5,767$5,207$4,697$4,233$3,021
11 years$5,741$5,134$4,584$4,088$3,640$2,497
12 years$5,209$4,608$4,068$3,585$3,155$2,077
13 years$4,759$4,164$3,635$3,165$2,751$1,738
14 years$4,373$3,785$3,266$2,810$2,411$1,460
15 years$4,040$3,458$2,949$2,506$2,123$1,230
16 years$3,748$3,173$2,673$2,244$1,877$1,040
17 years$3,491$2,922$2,433$2,016$1,664$882
18 years$3,263$2,700$2,221$1,817$1,479$749
19 years$3,059$2,502$2,033$1,642$1,319$637
20 years$2,875$2,325$1,866$1,487$1,178$543
21 years$2,710$2,166$1,716$1,349$1,054$463
22 years$2,559$2,022$1,582$1,227$945$395
23 years$2,422$1,891$1,460$1,117$848$338
24 years$2,296$1,772$1,351$1,019$762$289
25 years$2,181$1,663$1,251$931$686$247
26 years$2,075$1,563$1,160$851$618$212
27 years$1,977$1,471$1,077$779$557$182
28 years$1,886$1,386$1,002$714$503$156
29 years$1,801$1,307$932$654$454$133
30 years$1,722$1,235$868$601$410$114
31 years$1,648$1,167$809$552$371$98
32 years$1,580$1,104$755$507$335$84
33 years$1,515$1,046$705$466$304$72
34 years$1,454$991$659$429$275$62
35 years$1,397$940$616$395$249$53
36 years$1,344$892$576$364$226$46
37 years$1,293$847$539$335$204$39
38 years$1,245$805$505$309$185$34
39 years$1,200$766$473$285$168$29
40 years$1,157$729$443$263$152$25
41 years$1,116$694$416$242$138$21
42 years$1,077$661$390$224$125$18
43 years$1,040$629$366$206$114$16
44 years$1,005$600$344$191$103$14
45 years$972$572$323$176$94$12
46 years$940$546$303$163$85$10
47 years$909$521$285$150$77$9
48 years$880$497$268$139$70$7
49 years$853$475$251$128$64$6
50 years$826$454$236$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $846,000, adding $6,475 every year, while hoping to spend $35,880 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: 45/37/18 Blend
58$846,000$846,000$846,000$846,000
59$938,971$894,133$881,020$976,104
60$996,570$899,769$872,358$1,008,386
61$1,058,842$904,480$862,203$1,039,290
62$1,126,224$908,180$850,468$1,072,045
63$1,199,201$910,782$837,060$1,106,839
64$1,278,301$912,192$821,884$1,143,882
65$1,364,108$912,310$804,837$1,183,403
66$1,457,263$911,029$785,815$1,225,661
67$1,558,471$908,237$764,708$1,270,942
68$1,668,509$903,814$741,399$1,319,561
69$1,788,229$897,634$715,768$1,371,871
70$1,918,571$889,560$687,689$1,428,262
71$2,060,568$879,451$657,029$1,489,166
72$2,215,357$867,156$623,650$1,555,063
73$2,384,190$852,513$587,409$1,626,484
74$2,568,444$835,353$548,154$1,704,019
75$2,769,635$815,495$505,728$1,788,320
76$2,989,434$792,750$459,965$1,880,111
77$3,229,676$766,915$410,694$1,980,192
78$3,492,386$737,777$357,736$2,089,451
79$3,779,791$705,109$300,901$2,208,870
80$4,094,343$668,673$239,995$2,339,536
81$4,438,744$628,216$174,812$2,482,653
82$4,815,967$583,469$105,139$2,639,550
83$5,229,287$534,151$30,753$2,811,703
84$5,682,312$479,962$0$3,000,739
85$6,179,014$420,586$0$3,217,802
86$6,723,768$355,690$0$3,462,455
87$7,321,395$284,921$0$3,731,038
88$7,977,200$207,905$0$4,026,037
89$8,697,032$124,250$0$4,350,201
90$9,487,331$33,540$0$4,706,560
91$10,355,192$0$0$5,098,462
92$11,308,429$0$0$5,555,931
93$12,355,651$0$0$6,073,613
94$13,506,344$0$0$6,642,555
95$14,770,956$0$0$7,267,936
96$16,160,998$0$0$7,955,463
97$17,689,151$0$0$8,711,423
98$19,369,387$0$0$9,542,742
99$21,217,100$0$0$10,457,053
100$23,249,248$0$0$11,462,763