Can I retire at age 59 with 848,000?

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 $848,000?

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$70,027$69,403$68,795$68,201$67,621$66,120
2 years$34,667$34,021$33,395$32,789$32,200$30,697
3 years$22,882$22,233$21,609$21,008$20,429$18,969
4 years$16,990$16,344$15,726$15,135$14,570$13,165
5 years$13,456$12,814$12,204$11,625$11,076$9,729
6 years$11,101$10,463$9,863$9,297$8,764$7,478
7 years$9,419$8,787$8,196$7,643$7,128$5,901
8 years$8,159$7,532$6,951$6,412$5,913$4,747
9 years$7,179$6,558$5,987$5,461$4,980$3,872
10 years$6,395$5,781$5,219$4,708$4,243$3,194
11 years$5,755$5,146$4,595$4,097$3,649$2,656
12 years$5,221$4,619$4,078$3,594$3,162$2,224
13 years$4,770$4,174$3,643$3,173$2,757$1,873
14 years$4,384$3,794$3,274$2,816$2,417$1,584
15 years$4,049$3,466$2,956$2,512$2,128$1,345
16 years$3,757$3,180$2,680$2,249$1,881$1,145
17 years$3,499$2,929$2,438$2,021$1,668$978
18 years$3,270$2,706$2,226$1,821$1,483$836
19 years$3,066$2,508$2,038$1,646$1,322$717
20 years$2,882$2,331$1,870$1,490$1,181$616
21 years$2,716$2,171$1,720$1,353$1,057$529
22 years$2,565$2,026$1,585$1,230$947$455
23 years$2,428$1,895$1,464$1,120$850$392
24 years$2,302$1,776$1,354$1,022$764$338
25 years$2,186$1,667$1,254$933$688$292
26 years$2,080$1,566$1,163$853$619$252
27 years$1,981$1,474$1,080$781$558$218
28 years$1,890$1,389$1,004$715$504$188
29 years$1,805$1,310$934$656$455$162
30 years$1,726$1,237$870$602$411$140
31 years$1,652$1,170$811$553$372$122
32 years$1,583$1,107$757$508$336$105
33 years$1,519$1,048$707$467$304$91
34 years$1,458$993$660$430$275$79
35 years$1,401$942$617$396$250$68
36 years$1,347$894$578$365$226$59
37 years$1,296$849$541$336$205$51
38 years$1,248$807$506$310$186$44
39 years$1,202$768$474$285$168$38
40 years$1,159$730$445$263$153$33
41 years$1,118$695$417$243$139$29
42 years$1,080$662$391$224$126$25
43 years$1,043$631$367$207$114$22
44 years$1,008$601$344$191$104$19
45 years$974$573$323$176$94$16
46 years$942$547$304$163$85$14
47 years$912$522$285$151$78$12
48 years$882$498$268$139$70$11
49 years$855$476$252$129$64$9
50 years$828$455$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $848,000, adding $2,817 every year, while hoping to spend $53,378 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: 83/8/9 Blend
58$848,000$848,000$848,000$848,000
59$937,402$892,458$879,314$1,013,822
60$976,223$879,394$851,977$1,051,160
61$1,017,215$863,902$821,935$1,084,723
62$1,060,543$845,805$789,042$1,119,944
63$1,106,386$824,918$753,143$1,156,957
64$1,154,943$801,044$714,079$1,195,913
65$1,206,427$773,974$671,680$1,236,973
66$1,261,073$743,490$625,772$1,280,318
67$1,319,138$709,356$576,171$1,326,147
68$1,380,903$671,328$522,685$1,374,679
69$1,446,675$629,143$465,115$1,426,153
70$1,516,791$582,526$403,252$1,480,835
71$1,591,619$531,185$336,876$1,539,019
72$1,671,563$474,812$265,761$1,601,025
73$1,757,066$413,082$189,667$1,667,211
74$1,848,613$345,649$108,347$1,737,967
75$1,946,736$272,150$21,541$1,813,727
76$2,052,019$192,201$0$1,894,967
77$2,165,102$105,396$0$1,989,040
78$2,286,688$11,307$0$2,092,350
79$2,417,550$0$0$2,203,495
80$2,558,535$0$0$2,331,177
81$2,710,574$0$0$2,469,957
82$2,874,689$0$0$2,619,774
83$3,052,005$0$0$2,781,656
84$3,243,756$0$0$2,956,731
85$3,451,300$0$0$3,146,242
86$3,676,128$0$0$3,351,552
87$3,919,883$0$0$3,574,162
88$4,184,366$0$0$3,815,722
89$4,471,564$0$0$4,078,047
90$4,783,659$0$0$4,363,132
91$5,123,051$0$0$4,673,173
92$5,492,382$0$0$5,010,586
93$5,894,558$0$0$5,378,029
94$6,332,778$0$0$5,778,426
95$6,810,561$0$0$6,214,997
96$7,331,781$0$0$6,691,284
97$7,900,701$0$0$7,211,186
98$8,522,015$0$0$7,778,996
99$9,200,889$0$0$8,399,439
100$9,943,012$0$0$9,077,718