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%17.2%
1 years$70,027$69,403$68,795$68,201$67,621$65,640
2 years$34,667$34,021$33,395$32,789$32,200$30,221
3 years$22,882$22,233$21,609$21,008$20,429$18,513
4 years$16,990$16,344$15,726$15,135$14,570$12,732
5 years$13,456$12,814$12,204$11,625$11,076$9,321
6 years$11,101$10,463$9,863$9,297$8,764$7,094
7 years$9,419$8,787$8,196$7,643$7,128$5,542
8 years$8,159$7,532$6,951$6,412$5,913$4,411
9 years$7,179$6,558$5,987$5,461$4,980$3,559
10 years$6,395$5,781$5,219$4,708$4,243$2,903
11 years$5,755$5,146$4,595$4,097$3,649$2,387
12 years$5,221$4,619$4,078$3,594$3,162$1,975
13 years$4,770$4,174$3,643$3,173$2,757$1,643
14 years$4,384$3,794$3,274$2,816$2,417$1,373
15 years$4,049$3,466$2,956$2,512$2,128$1,151
16 years$3,757$3,180$2,680$2,249$1,881$967
17 years$3,499$2,929$2,438$2,021$1,668$815
18 years$3,270$2,706$2,226$1,821$1,483$688
19 years$3,066$2,508$2,038$1,646$1,322$582
20 years$2,882$2,331$1,870$1,490$1,181$493
21 years$2,716$2,171$1,720$1,353$1,057$418
22 years$2,565$2,026$1,585$1,230$947$355
23 years$2,428$1,895$1,464$1,120$850$301
24 years$2,302$1,776$1,354$1,022$764$256
25 years$2,186$1,667$1,254$933$688$218
26 years$2,080$1,566$1,163$853$619$185
27 years$1,981$1,474$1,080$781$558$158
28 years$1,890$1,389$1,004$715$504$134
29 years$1,805$1,310$934$656$455$114
30 years$1,726$1,237$870$602$411$97
31 years$1,652$1,170$811$553$372$83
32 years$1,583$1,107$757$508$336$71
33 years$1,519$1,048$707$467$304$60
34 years$1,458$993$660$430$275$51
35 years$1,401$942$617$396$250$44
36 years$1,347$894$578$365$226$37
37 years$1,296$849$541$336$205$32
38 years$1,248$807$506$310$186$27
39 years$1,202$768$474$285$168$23
40 years$1,159$730$445$263$153$20
41 years$1,118$695$417$243$139$17
42 years$1,080$662$391$224$126$14
43 years$1,043$631$367$207$114$12
44 years$1,008$601$344$191$104$10
45 years$974$573$323$176$94$9
46 years$942$547$304$163$85$8
47 years$912$522$285$151$78$7
48 years$882$498$268$139$70$6
49 years$855$476$252$129$64$5
50 years$828$455$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $848,000, adding $6,052 every year, while hoping to spend $40,350 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: 40/37/23 Blend
58$848,000$848,000$848,000$848,000
59$940,739$895,795$882,651$971,757
60$993,762$896,756$869,287$995,603
61$1,050,841$896,413$854,124$1,017,116
62$1,112,348$894,658$837,058$1,039,583
63$1,178,689$891,378$817,981$1,063,114
64$1,250,312$886,453$796,781$1,087,834
65$1,327,711$879,756$773,339$1,113,882
66$1,411,425$871,151$747,534$1,141,414
67$1,502,048$860,496$719,234$1,170,607
68$1,600,235$847,638$688,307$1,201,658
69$1,706,704$832,417$654,610$1,234,787
70$1,822,245$814,663$617,996$1,270,242
71$1,947,727$794,194$578,312$1,308,300
72$2,084,106$770,820$535,396$1,349,269
73$2,232,433$744,339$489,081$1,393,495
74$2,393,866$714,537$439,190$1,441,363
75$2,569,678$681,186$385,540$1,493,303
76$2,761,268$644,048$327,939$1,549,793
77$2,970,180$602,868$266,187$1,611,368
78$3,198,110$557,380$200,076$1,678,621
79$3,446,925$507,300$129,386$1,752,215
80$3,718,681$452,327$53,890$1,832,886
81$4,015,642$392,146$0$1,921,451
82$4,340,299$326,423$0$2,025,368
83$4,695,395$254,804$0$2,153,639
84$5,083,951$176,915$0$2,294,211
85$5,509,293$92,363$0$2,448,398
86$5,975,084$732$0$2,617,651
87$6,485,356$0$0$2,803,578
88$7,044,552$0$0$3,048,026
89$7,657,563$0$0$3,316,440
90$8,329,777$0$0$3,610,892
91$9,067,127$0$0$3,933,999
92$9,876,151$0$0$4,288,639
93$10,764,046$0$0$4,677,983
94$11,738,743$0$0$5,105,525
95$12,808,977$0$0$5,575,113
96$13,984,371$0$0$6,090,988
97$15,275,525$0$0$6,657,819
98$16,694,116$0$0$7,280,751
99$18,253,009$0$0$7,965,454
100$19,966,376$0$0$8,718,171