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%15.1%
1 years$70,110$69,485$68,876$68,281$67,700$66,279
2 years$34,708$34,061$33,435$32,827$32,238$30,813
3 years$22,909$22,259$21,635$21,033$20,453$19,069
4 years$17,010$16,363$15,744$15,153$14,587$13,254
5 years$13,472$12,829$12,218$11,639$11,089$9,811
6 years$11,114$10,476$9,874$9,308$8,774$7,552
7 years$9,431$8,797$8,206$7,652$7,136$5,971
8 years$8,168$7,541$6,959$6,419$5,920$4,811
9 years$7,187$6,566$5,994$5,468$4,985$3,932
10 years$6,403$5,787$5,225$4,713$4,248$3,248
11 years$5,761$5,152$4,600$4,102$3,653$2,707
12 years$5,227$4,624$4,083$3,598$3,166$2,271
13 years$4,776$4,179$3,648$3,177$2,761$1,916
14 years$4,389$3,799$3,277$2,820$2,420$1,624
15 years$4,054$3,470$2,959$2,515$2,131$1,382
16 years$3,761$3,184$2,683$2,252$1,883$1,179
17 years$3,503$2,932$2,441$2,023$1,670$1,009
18 years$3,274$2,709$2,229$1,823$1,485$865
19 years$3,070$2,511$2,040$1,647$1,323$743
20 years$2,885$2,333$1,872$1,492$1,182$639
21 years$2,719$2,174$1,722$1,354$1,058$551
22 years$2,568$2,029$1,587$1,231$948$475
23 years$2,431$1,898$1,466$1,121$851$410
24 years$2,305$1,778$1,355$1,023$765$355
25 years$2,189$1,668$1,255$934$688$307
26 years$2,082$1,568$1,164$854$620$265
27 years$1,984$1,476$1,081$782$559$230
28 years$1,892$1,391$1,005$716$504$199
29 years$1,807$1,312$935$657$455$172
30 years$1,728$1,239$871$603$412$149
31 years$1,654$1,171$812$554$372$130
32 years$1,585$1,108$758$509$337$112
33 years$1,520$1,049$708$468$305$98
34 years$1,460$995$661$430$276$85
35 years$1,402$943$618$396$250$73
36 years$1,348$895$578$365$226$64
37 years$1,298$850$541$336$205$55
38 years$1,249$808$507$310$186$48
39 years$1,204$769$475$286$169$42
40 years$1,161$731$445$264$153$36
41 years$1,120$696$417$243$139$31
42 years$1,081$663$391$224$126$27
43 years$1,044$632$367$207$114$24
44 years$1,009$602$345$191$104$21
45 years$975$574$324$177$94$18
46 years$943$548$304$163$86$16
47 years$913$523$286$151$78$14
48 years$884$499$268$139$71$12
49 years$856$476$252$129$64$10
50 years$829$455$237$119$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $849,000, adding $5,358 every year, while hoping to spend $21,963 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: 59/33/8 Blend
58$849,000$849,000$849,000$849,000
59$941,125$896,128$882,968$994,680
60$1,013,751$916,670$889,179$1,051,808
61$1,093,049$937,482$894,862$1,111,099
62$1,179,676$958,555$899,976$1,175,200
63$1,274,356$979,877$904,478$1,244,574
64$1,377,885$1,001,436$908,323$1,319,731
65$1,491,142$1,023,218$911,464$1,401,234
66$1,615,090$1,045,208$913,850$1,489,700
67$1,750,795$1,067,388$915,430$1,585,812
68$1,899,427$1,089,741$916,147$1,690,319
69$2,062,276$1,112,246$915,946$1,804,048
70$2,240,762$1,134,880$914,764$1,927,911
71$2,436,451$1,157,620$912,540$2,062,911
72$2,651,064$1,180,439$909,205$2,210,154
73$2,886,499$1,203,307$904,690$2,370,857
74$3,144,848$1,226,195$898,923$2,546,363
75$3,428,412$1,249,068$891,826$2,738,151
76$3,739,727$1,271,889$883,320$2,947,852
77$4,081,587$1,294,620$873,319$3,177,260
78$4,457,070$1,317,217$861,736$3,428,354
79$4,869,565$1,339,635$848,478$3,703,317
80$5,322,808$1,361,825$833,450$4,004,550
81$5,820,914$1,383,733$816,549$4,334,703
82$6,368,414$1,405,303$797,671$4,696,694
83$6,970,302$1,426,473$776,703$5,093,740
84$7,632,082$1,447,179$753,531$5,529,386
85$8,359,813$1,467,349$728,033$6,007,539
86$9,160,174$1,486,910$700,083$6,532,505
87$10,040,524$1,505,780$669,547$7,109,028
88$11,008,968$1,523,874$636,288$7,742,340
89$12,074,440$1,541,101$600,161$8,438,203
90$13,246,780$1,557,362$561,013$9,202,971
91$14,536,833$1,572,554$518,688$10,043,644
92$15,956,545$1,586,565$473,020$10,967,939
93$17,519,083$1,599,277$423,836$11,984,361
94$19,238,951$1,610,563$370,956$13,102,281
95$21,132,132$1,620,288$314,191$14,332,030
96$23,216,238$1,628,312$253,346$15,684,993
97$25,510,675$1,634,479$188,214$17,173,718
98$28,036,826$1,638,631$118,580$18,812,034
99$30,818,252$1,640,593$44,222$20,615,182
100$33,880,916$1,640,184$0$22,599,960