Can I retire at age 59 with 850,000?

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 $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%13%
1 years$70,192$69,567$68,957$68,362$67,780$66,933
2 years$34,749$34,101$33,474$32,866$32,276$31,424
3 years$22,936$22,286$21,660$21,058$20,477$19,646
4 years$17,030$16,382$15,763$15,171$14,605$13,801
5 years$13,488$12,844$12,233$11,653$11,102$10,329
6 years$11,127$10,488$9,886$9,319$8,785$8,042
7 years$9,442$8,808$8,215$7,661$7,144$6,433
8 years$8,178$7,550$6,967$6,427$5,927$5,247
9 years$7,196$6,574$6,001$5,474$4,991$4,342
10 years$6,410$5,794$5,232$4,719$4,253$3,634
11 years$5,768$5,158$4,606$4,107$3,658$3,068
12 years$5,234$4,630$4,088$3,602$3,170$2,609
13 years$4,781$4,184$3,652$3,180$2,764$2,232
14 years$4,394$3,803$3,281$2,823$2,423$1,919
15 years$4,059$3,474$2,963$2,518$2,133$1,656
16 years$3,766$3,188$2,686$2,254$1,885$1,434
17 years$3,507$2,936$2,444$2,026$1,672$1,246
18 years$3,278$2,713$2,231$1,825$1,486$1,084
19 years$3,073$2,514$2,043$1,649$1,325$946
20 years$2,889$2,336$1,875$1,494$1,183$827
21 years$2,722$2,176$1,724$1,356$1,059$724
22 years$2,571$2,031$1,589$1,233$949$634
23 years$2,433$1,900$1,467$1,123$852$557
24 years$2,307$1,780$1,357$1,024$766$489
25 years$2,191$1,670$1,257$935$689$430
26 years$2,085$1,570$1,166$855$621$378
27 years$1,986$1,478$1,082$783$560$333
28 years$1,894$1,392$1,006$717$505$294
29 years$1,809$1,313$936$658$456$259
30 years$1,730$1,240$872$603$412$228
31 years$1,656$1,173$813$554$373$201
32 years$1,587$1,109$759$509$337$178
33 years$1,522$1,051$708$468$305$157
34 years$1,461$996$662$431$276$139
35 years$1,404$945$619$397$250$122
36 years$1,350$897$579$365$227$108
37 years$1,299$851$542$337$205$96
38 years$1,251$809$507$310$186$84
39 years$1,205$769$475$286$169$75
40 years$1,162$732$446$264$153$66
41 years$1,121$697$418$243$139$58
42 years$1,082$664$392$225$126$52
43 years$1,045$632$368$207$114$46
44 years$1,010$603$345$192$104$40
45 years$976$575$324$177$94$36
46 years$944$548$304$163$86$32
47 years$914$523$286$151$78$28
48 years$885$500$269$139$71$25
49 years$857$477$253$129$64$22
50 years$830$456$238$119$58$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $850,000, adding $6,688 every year, while hoping to spend $27,434 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: 49/37/14 Blend
58$850,000$850,000$850,000$850,000
59$943,599$898,549$885,374$985,881
60$1,010,656$913,388$885,844$1,030,545
61$1,083,634$928,035$885,411$1,075,641
62$1,163,107$942,451$884,015$1,124,017
63$1,249,708$956,596$881,593$1,175,991
64$1,344,134$970,424$878,082$1,231,911
65$1,447,150$983,889$873,412$1,292,164
66$1,559,599$996,940$867,512$1,357,175
67$1,682,411$1,009,523$860,306$1,427,413
68$1,816,608$1,021,580$851,717$1,503,396
69$1,963,314$1,033,050$841,662$1,585,697
70$2,123,769$1,043,866$830,054$1,674,946
71$2,299,336$1,053,958$816,803$1,771,840
72$2,491,518$1,063,251$801,816$1,877,147
73$2,701,968$1,071,666$784,992$1,991,715
74$2,932,508$1,079,117$766,229$2,116,480
75$3,185,144$1,085,514$745,418$2,252,473
76$3,462,085$1,090,760$722,445$2,400,834
77$3,765,763$1,094,753$697,192$2,562,820
78$4,098,859$1,097,383$669,536$2,739,818
79$4,464,323$1,098,536$639,347$2,933,358
80$4,865,407$1,098,088$606,488$3,145,128
81$5,305,693$1,095,908$570,819$3,376,990
82$5,789,124$1,091,858$532,192$3,631,001
83$6,320,045$1,085,790$490,451$3,909,426
84$6,903,245$1,077,548$445,436$4,214,766
85$7,543,995$1,066,967$396,977$4,549,781
86$8,248,105$1,053,871$344,899$4,917,513
87$9,021,974$1,038,074$289,016$5,321,321
88$9,872,655$1,019,378$229,137$5,764,905
89$10,807,913$997,576$165,061$6,252,352
90$11,836,308$972,445$96,578$6,788,167
91$12,967,268$943,751$23,470$7,377,317
92$14,211,180$911,246$0$8,025,283
93$15,579,492$874,667$0$8,746,259
94$17,084,812$833,738$0$9,543,032
95$18,741,035$788,164$0$10,419,481
96$20,563,471$737,634$0$11,383,752
97$22,568,987$681,821$0$12,444,826
98$24,776,170$620,375$0$13,612,603
99$27,205,496$552,931$0$14,897,999
100$29,879,532$479,100$0$16,313,048