Can I retire at age 59 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$70,110$69,485$68,876$68,281$67,700$66,524
2 years$34,708$34,061$33,435$32,827$32,238$31,057
3 years$22,909$22,259$21,635$21,033$20,453$19,304
4 years$17,010$16,363$15,744$15,153$14,587$13,479
5 years$13,472$12,829$12,218$11,639$11,089$10,024
6 years$11,114$10,476$9,874$9,308$8,774$7,755
7 years$9,431$8,797$8,206$7,652$7,136$6,161
8 years$8,168$7,541$6,959$6,419$5,920$4,991
9 years$7,187$6,566$5,994$5,468$4,985$4,101
10 years$6,403$5,787$5,225$4,713$4,248$3,407
11 years$5,761$5,152$4,600$4,102$3,653$2,855
12 years$5,227$4,624$4,083$3,598$3,166$2,410
13 years$4,776$4,179$3,648$3,177$2,761$2,045
14 years$4,389$3,799$3,277$2,820$2,420$1,744
15 years$4,054$3,470$2,959$2,515$2,131$1,493
16 years$3,761$3,184$2,683$2,252$1,883$1,282
17 years$3,503$2,932$2,441$2,023$1,670$1,104
18 years$3,274$2,709$2,229$1,823$1,485$953
19 years$3,070$2,511$2,040$1,647$1,323$824
20 years$2,885$2,333$1,872$1,492$1,182$714
21 years$2,719$2,174$1,722$1,354$1,058$619
22 years$2,568$2,029$1,587$1,231$948$538
23 years$2,431$1,898$1,466$1,121$851$468
24 years$2,305$1,778$1,355$1,023$765$407
25 years$2,189$1,668$1,255$934$688$354
26 years$2,082$1,568$1,164$854$620$309
27 years$1,984$1,476$1,081$782$559$269
28 years$1,892$1,391$1,005$716$504$235
29 years$1,807$1,312$935$657$455$205
30 years$1,728$1,239$871$603$412$179
31 years$1,654$1,171$812$554$372$157
32 years$1,585$1,108$758$509$337$137
33 years$1,520$1,049$708$468$305$120
34 years$1,460$995$661$430$276$105
35 years$1,402$943$618$396$250$91
36 years$1,348$895$578$365$226$80
37 years$1,298$850$541$336$205$70
38 years$1,249$808$507$310$186$61
39 years$1,204$769$475$286$169$54
40 years$1,161$731$445$264$153$47
41 years$1,120$696$417$243$139$41
42 years$1,081$663$391$224$126$36
43 years$1,044$632$367$207$114$31
44 years$1,009$602$345$191$104$27
45 years$975$574$324$177$94$24
46 years$943$548$304$163$86$21
47 years$913$523$286$151$78$18
48 years$884$499$268$139$71$16
49 years$856$476$252$129$64$14
50 years$829$455$237$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $849,000, adding $3,102 every year, while hoping to spend $51,229 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: 41/42/17 Blend
58$849,000$849,000$849,000$849,000
59$938,798$893,801$880,641$972,465
60$980,048$883,090$855,635$985,919
61$1,023,788$870,137$828,075$995,250
62$1,070,220$854,778$797,820$1,004,267
63$1,119,560$836,840$764,725$1,012,967
64$1,172,048$816,139$728,637$1,021,349
65$1,227,947$792,479$689,396$1,029,419
66$1,287,542$765,656$646,835$1,037,186
67$1,351,148$735,449$600,781$1,044,666
68$1,419,109$701,630$551,050$1,051,879
69$1,491,800$663,952$497,453$1,058,856
70$1,569,637$622,159$439,791$1,065,635
71$1,653,072$575,976$377,856$1,072,263
72$1,742,602$525,116$311,430$1,078,800
73$1,838,773$469,272$240,289$1,085,318
74$1,942,183$408,122$164,194$1,091,906
75$2,053,491$341,326$82,900$1,098,665
76$2,173,419$268,522$0$1,105,719
77$2,302,759$189,331$0$1,113,911
78$2,442,382$103,350$0$1,138,801
79$2,593,247$10,156$0$1,165,583
80$2,756,405$0$0$1,194,532
81$2,933,012$0$0$1,267,883
82$3,124,339$0$0$1,352,524
83$3,331,786$0$0$1,444,390
84$3,556,888$0$0$1,544,175
85$3,801,336$0$0$1,652,640
86$4,066,989$0$0$1,770,624
87$4,355,894$0$0$1,899,048
88$4,670,300$0$0$2,038,929
89$5,012,683$0$0$2,191,382
90$5,385,770$0$0$2,357,636
91$5,792,557$0$0$2,539,044
92$6,236,346$0$0$2,737,095
93$6,720,770$0$0$2,953,428
94$7,249,827$0$0$3,189,847
95$7,827,919$0$0$3,448,339
96$8,459,892$0$0$3,731,091
97$9,151,083$0$0$4,040,510
98$9,907,367$0$0$4,379,249
99$10,735,211$0$0$4,750,227
100$11,641,741$0$0$5,156,660