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%15.2%
1 years$70,110$69,485$68,876$68,281$67,700$66,252
2 years$34,708$34,061$33,435$32,827$32,238$30,786
3 years$22,909$22,259$21,635$21,033$20,453$19,043
4 years$17,010$16,363$15,744$15,153$14,587$13,229
5 years$13,472$12,829$12,218$11,639$11,089$9,787
6 years$11,114$10,476$9,874$9,308$8,774$7,530
7 years$9,431$8,797$8,206$7,652$7,136$5,950
8 years$8,168$7,541$6,959$6,419$5,920$4,791
9 years$7,187$6,566$5,994$5,468$4,985$3,913
10 years$6,403$5,787$5,225$4,713$4,248$3,231
11 years$5,761$5,152$4,600$4,102$3,653$2,691
12 years$5,227$4,624$4,083$3,598$3,166$2,256
13 years$4,776$4,179$3,648$3,177$2,761$1,902
14 years$4,389$3,799$3,277$2,820$2,420$1,611
15 years$4,054$3,470$2,959$2,515$2,131$1,370
16 years$3,761$3,184$2,683$2,252$1,883$1,168
17 years$3,503$2,932$2,441$2,023$1,670$999
18 years$3,274$2,709$2,229$1,823$1,485$856
19 years$3,070$2,511$2,040$1,647$1,323$735
20 years$2,885$2,333$1,872$1,492$1,182$632
21 years$2,719$2,174$1,722$1,354$1,058$544
22 years$2,568$2,029$1,587$1,231$948$469
23 years$2,431$1,898$1,466$1,121$851$404
24 years$2,305$1,778$1,355$1,023$765$349
25 years$2,189$1,668$1,255$934$688$302
26 years$2,082$1,568$1,164$854$620$261
27 years$1,984$1,476$1,081$782$559$226
28 years$1,892$1,391$1,005$716$504$195
29 years$1,807$1,312$935$657$455$169
30 years$1,728$1,239$871$603$412$146
31 years$1,654$1,171$812$554$372$127
32 years$1,585$1,108$758$509$337$110
33 years$1,520$1,049$708$468$305$95
34 years$1,460$995$661$430$276$83
35 years$1,402$943$618$396$250$72
36 years$1,348$895$578$365$226$62
37 years$1,298$850$541$336$205$54
38 years$1,249$808$507$310$186$47
39 years$1,204$769$475$286$169$41
40 years$1,161$731$445$264$153$35
41 years$1,120$696$417$243$139$31
42 years$1,081$663$391$224$126$26
43 years$1,044$632$367$207$114$23
44 years$1,009$602$345$191$104$20
45 years$975$574$324$177$94$17
46 years$943$548$304$163$86$15
47 years$913$523$286$151$78$13
48 years$884$499$268$139$71$11
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 $3,042 every year, while hoping to spend $31,456 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: 57/28/15 Blend
58$849,000$849,000$849,000$849,000
59$938,736$893,739$880,579$988,437
60$1,001,018$904,063$876,610$1,032,791
61$1,068,599$913,839$871,453$1,077,394
62$1,141,985$923,006$865,036$1,125,272
63$1,221,735$931,501$857,282$1,176,745
64$1,308,462$939,255$848,112$1,232,167
65$1,402,843$946,196$837,440$1,291,927
66$1,505,618$952,245$825,181$1,356,456
67$1,617,607$957,321$811,240$1,426,228
68$1,739,709$961,336$795,523$1,501,769
69$1,872,915$964,196$777,928$1,583,656
70$2,018,313$965,803$758,349$1,672,531
71$2,177,105$966,051$736,678$1,769,098
72$2,350,610$964,828$712,797$1,874,136
73$2,540,283$962,016$686,587$1,988,506
74$2,747,725$957,488$657,921$2,113,156
75$2,974,699$951,111$626,667$2,249,134
76$3,223,145$942,742$592,687$2,397,597
77$3,495,202$932,232$555,837$2,559,820
78$3,793,221$919,420$515,967$2,737,211
79$4,119,797$904,138$472,919$2,931,326
80$4,477,782$886,207$426,528$3,143,878
81$4,870,322$865,437$376,622$3,376,761
82$5,300,878$841,628$323,023$3,632,064
83$5,773,265$814,565$265,542$3,912,090
84$6,291,685$784,025$203,984$4,219,382
85$6,860,764$749,769$138,144$4,556,746
86$7,485,600$711,546$67,810$4,927,275
87$8,171,807$669,088$0$5,334,386
88$8,925,572$622,114$0$5,783,004
89$9,753,709$570,327$0$6,287,783
90$10,663,724$513,409$0$6,842,479
91$11,663,888$451,030$0$7,452,191
92$12,763,311$382,837$0$8,122,537
93$13,972,031$308,458$0$8,859,714
94$15,301,106$227,501$0$9,670,551
95$16,762,721$139,550$0$10,562,581
96$18,370,299$44,169$0$11,544,105
97$20,138,630$0$0$12,624,279
98$22,084,009$0$0$13,831,406
99$24,224,391$0$0$15,174,591
100$26,579,558$0$0$16,652,652