Can I retire at age 59 with 850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$70,192$69,567$68,957$68,362$67,780$67,156
2 years$34,749$34,101$33,474$32,866$32,276$31,648
3 years$22,936$22,286$21,660$21,058$20,477$19,864
4 years$17,030$16,382$15,763$15,171$14,605$14,010
5 years$13,488$12,844$12,233$11,653$11,102$10,529
6 years$11,127$10,488$9,886$9,319$8,785$8,234
7 years$9,442$8,808$8,215$7,661$7,144$6,616
8 years$8,178$7,550$6,967$6,427$5,927$5,420
9 years$7,196$6,574$6,001$5,474$4,991$4,507
10 years$6,410$5,794$5,232$4,719$4,253$3,790
11 years$5,768$5,158$4,606$4,107$3,658$3,216
12 years$5,234$4,630$4,088$3,602$3,170$2,749
13 years$4,781$4,184$3,652$3,180$2,764$2,364
14 years$4,394$3,803$3,281$2,823$2,423$2,043
15 years$4,059$3,474$2,963$2,518$2,133$1,773
16 years$3,766$3,188$2,686$2,254$1,885$1,544
17 years$3,507$2,936$2,444$2,026$1,672$1,348
18 years$3,278$2,713$2,231$1,825$1,486$1,180
19 years$3,073$2,514$2,043$1,649$1,325$1,036
20 years$2,889$2,336$1,875$1,494$1,183$911
21 years$2,722$2,176$1,724$1,356$1,059$802
22 years$2,571$2,031$1,589$1,233$949$707
23 years$2,433$1,900$1,467$1,123$852$624
24 years$2,307$1,780$1,357$1,024$766$552
25 years$2,191$1,670$1,257$935$689$488
26 years$2,085$1,570$1,166$855$621$432
27 years$1,986$1,478$1,082$783$560$383
28 years$1,894$1,392$1,006$717$505$340
29 years$1,809$1,313$936$658$456$302
30 years$1,730$1,240$872$603$412$268
31 years$1,656$1,173$813$554$373$238
32 years$1,587$1,109$759$509$337$211
33 years$1,522$1,051$708$468$305$188
34 years$1,461$996$662$431$276$167
35 years$1,404$945$619$397$250$148
36 years$1,350$897$579$365$227$132
37 years$1,299$851$542$337$205$117
38 years$1,251$809$507$310$186$105
39 years$1,205$769$475$286$169$93
40 years$1,162$732$446$264$153$83
41 years$1,121$697$418$243$139$74
42 years$1,082$664$392$225$126$66
43 years$1,045$632$368$207$114$58
44 years$1,010$603$345$192$104$52
45 years$976$575$324$177$94$46
46 years$944$548$304$163$86$41
47 years$914$523$286$151$78$37
48 years$885$500$269$139$71$33
49 years$857$477$253$129$64$29
50 years$830$456$238$119$58$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $850,000, adding $6,005 every year, while hoping to spend $33,683 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: 36/39/25 Blend
58$850,000$850,000$850,000$850,000
59$942,894$897,844$884,669$969,561
60$1,003,231$906,000$878,467$997,930
61$1,068,593$913,427$870,928$1,025,024
62$1,139,458$920,053$861,973$1,053,609
63$1,216,349$925,802$851,516$1,083,841
64$1,299,845$930,595$839,470$1,115,893
65$1,390,579$934,344$825,742$1,149,958
66$1,489,250$936,958$810,236$1,186,251
67$1,596,626$938,341$792,851$1,225,010
68$1,713,551$938,389$773,481$1,266,501
69$1,840,955$936,993$752,015$1,311,021
70$1,979,863$934,036$728,337$1,358,896
71$2,131,400$929,394$702,327$1,410,494
72$2,296,805$922,937$673,858$1,466,218
73$2,477,444$914,526$642,797$1,526,520
74$2,674,819$904,013$609,006$1,591,899
75$2,890,583$891,242$572,340$1,662,911
76$3,126,558$876,048$532,649$1,740,171
77$3,384,747$858,256$489,773$1,824,362
78$3,667,360$837,678$443,549$1,916,241
79$3,976,825$814,120$393,803$2,016,647
80$4,315,822$787,372$340,356$2,126,512
81$4,687,297$757,214$283,019$2,246,866
82$5,094,497$723,413$221,595$2,378,851
83$5,540,998$685,723$155,881$2,523,732
84$6,030,738$643,881$85,662$2,682,909
85$6,568,055$597,614$10,713$2,857,933
86$7,157,727$546,627$0$3,050,519
87$7,805,018$490,614$0$3,281,045
88$8,515,724$429,249$0$3,537,385
89$9,296,231$362,186$0$3,819,069
90$10,153,576$289,062$0$4,128,740
91$11,095,507$209,492$0$4,469,314
92$12,130,562$123,071$0$4,844,013
93$13,268,148$29,369$0$5,256,390
94$14,518,626$0$0$5,710,372
95$15,893,411$0$0$6,241,218
96$17,405,083$0$0$6,838,912
97$19,067,497$0$0$7,496,344
98$20,895,921$0$0$8,219,571
99$22,907,175$0$0$9,015,263
100$25,119,794$0$0$9,890,770