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%12.3%
1 years$69,862$69,240$68,632$68,040$67,461$66,812
2 years$34,585$33,941$33,317$32,711$32,124$31,471
3 years$22,828$22,181$21,558$20,959$20,381$19,743
4 years$16,950$16,305$15,689$15,099$14,536$13,918
5 years$13,425$12,784$12,175$11,598$11,050$10,454
6 years$11,075$10,439$9,839$9,275$8,743$8,171
7 years$9,397$8,766$8,177$7,625$7,111$6,561
8 years$8,140$7,514$6,934$6,397$5,899$5,373
9 years$7,162$6,543$5,973$5,449$4,968$4,465
10 years$6,380$5,767$5,207$4,697$4,233$3,752
11 years$5,741$5,134$4,584$4,088$3,640$3,182
12 years$5,209$4,608$4,068$3,585$3,155$2,718
13 years$4,759$4,164$3,635$3,165$2,751$2,336
14 years$4,373$3,785$3,266$2,810$2,411$2,017
15 years$4,040$3,458$2,949$2,506$2,123$1,749
16 years$3,748$3,173$2,673$2,244$1,877$1,522
17 years$3,491$2,922$2,433$2,016$1,664$1,329
18 years$3,263$2,700$2,221$1,817$1,479$1,162
19 years$3,059$2,502$2,033$1,642$1,319$1,019
20 years$2,875$2,325$1,866$1,487$1,178$896
21 years$2,710$2,166$1,716$1,349$1,054$788
22 years$2,559$2,022$1,582$1,227$945$694
23 years$2,422$1,891$1,460$1,117$848$613
24 years$2,296$1,772$1,351$1,019$762$541
25 years$2,181$1,663$1,251$931$686$478
26 years$2,075$1,563$1,160$851$618$423
27 years$1,977$1,471$1,077$779$557$375
28 years$1,886$1,386$1,002$714$503$332
29 years$1,801$1,307$932$654$454$294
30 years$1,722$1,235$868$601$410$261
31 years$1,648$1,167$809$552$371$232
32 years$1,580$1,104$755$507$335$206
33 years$1,515$1,046$705$466$304$183
34 years$1,454$991$659$429$275$162
35 years$1,397$940$616$395$249$144
36 years$1,344$892$576$364$226$128
37 years$1,293$847$539$335$204$114
38 years$1,245$805$505$309$185$101
39 years$1,200$766$473$285$168$90
40 years$1,157$729$443$263$152$80
41 years$1,116$694$416$242$138$71
42 years$1,077$661$390$224$125$63
43 years$1,040$629$366$206$114$56
44 years$1,005$600$344$191$103$50
45 years$972$572$323$176$94$45
46 years$940$546$303$163$85$40
47 years$909$521$285$150$77$35
48 years$880$497$268$139$70$31
49 years$853$475$251$128$64$28
50 years$826$454$236$119$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $846,000, adding $5,196 every year, while hoping to spend $54,950 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: 41/30/29 Blend
58$846,000$846,000$846,000$846,000
59$937,652$892,814$879,701$967,923
60$974,826$878,095$850,704$975,624
61$1,013,950$860,814$818,895$978,451
62$1,055,165$840,786$784,120$980,473
63$1,098,625$817,817$746,221$981,651
64$1,144,496$791,702$705,031$981,947
65$1,192,961$762,221$660,376$981,321
66$1,244,219$729,146$612,074$979,737
67$1,298,486$692,232$559,936$977,160
68$1,356,001$651,220$503,763$973,556
69$1,417,022$605,839$443,348$968,894
70$1,481,833$555,799$378,474$963,147
71$1,550,743$500,797$308,916$956,291
72$1,624,091$440,508$234,437$948,308
73$1,702,249$374,593$154,791$939,183
74$1,785,622$302,693$69,721$928,912
75$1,874,657$224,426$0$917,494
76$1,969,840$139,391$0$911,458
77$2,071,707$47,164$0$927,754
78$2,180,845$0$0$944,908
79$2,297,895$0$0$980,459
80$2,423,565$0$0$1,035,420
81$2,558,629$0$0$1,094,567
82$2,703,937$0$0$1,158,284
83$2,860,423$0$0$1,226,990
84$3,029,111$0$0$1,301,146
85$3,211,129$0$0$1,381,260
86$3,407,714$0$0$1,467,889
87$3,620,226$0$0$1,561,645
88$3,850,159$0$0$1,663,201
89$4,099,157$0$0$1,773,297
90$4,369,025$0$0$1,892,747
91$4,661,749$0$0$2,022,446
92$4,979,515$0$0$2,163,379
93$5,324,724$0$0$2,316,627
94$5,700,020$0$0$2,483,384
95$6,108,309$0$0$2,664,959
96$6,552,791$0$0$2,862,796
97$7,036,985$0$0$3,078,481
98$7,564,764$0$0$3,313,762
99$8,140,393$0$0$3,570,561
100$8,768,562$0$0$3,850,997