Can I retire at age 59 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$70,275$69,649$69,038$68,442$67,860$66,032
2 years$34,789$34,142$33,514$32,905$32,314$30,486
3 years$22,963$22,312$21,686$21,082$20,501$18,730
4 years$17,050$16,402$15,782$15,189$14,622$12,920
5 years$13,504$12,859$12,247$11,666$11,115$9,488
6 years$11,140$10,500$9,897$9,330$8,795$7,245
7 years$9,453$8,818$8,225$7,670$7,153$5,679
8 years$8,188$7,559$6,975$6,435$5,934$4,536
9 years$7,204$6,581$6,008$5,481$4,997$3,674
10 years$6,418$5,801$5,238$4,725$4,258$3,007
11 years$5,775$5,164$4,611$4,112$3,662$2,482
12 years$5,240$4,635$4,092$3,607$3,173$2,062
13 years$4,787$4,189$3,656$3,184$2,767$1,723
14 years$4,399$3,808$3,285$2,826$2,426$1,445
15 years$4,064$3,478$2,966$2,521$2,136$1,216
16 years$3,770$3,191$2,689$2,257$1,888$1,027
17 years$3,512$2,939$2,447$2,028$1,674$869
18 years$3,282$2,716$2,234$1,828$1,488$737
19 years$3,077$2,517$2,045$1,651$1,326$626
20 years$2,892$2,339$1,877$1,496$1,185$533
21 years$2,726$2,179$1,726$1,357$1,060$454
22 years$2,574$2,034$1,591$1,234$950$387
23 years$2,436$1,902$1,469$1,124$853$330
24 years$2,310$1,782$1,359$1,025$767$282
25 years$2,194$1,672$1,258$936$690$241
26 years$2,087$1,572$1,167$856$622$206
27 years$1,988$1,479$1,084$784$560$176
28 years$1,897$1,394$1,007$718$506$151
29 years$1,812$1,315$938$658$457$129
30 years$1,732$1,242$873$604$413$110
31 years$1,658$1,174$814$555$373$95
32 years$1,589$1,111$760$510$337$81
33 years$1,524$1,052$709$469$305$69
34 years$1,463$997$663$431$276$59
35 years$1,406$946$620$397$250$51
36 years$1,352$898$580$366$227$44
37 years$1,301$852$542$337$206$37
38 years$1,252$810$508$311$186$32
39 years$1,207$770$476$286$169$28
40 years$1,163$733$446$264$153$24
41 years$1,122$698$418$244$139$20
42 years$1,083$664$392$225$126$17
43 years$1,046$633$368$208$115$15
44 years$1,011$603$346$192$104$13
45 years$977$575$325$177$94$11
46 years$945$549$305$164$86$9
47 years$915$524$286$151$78$8
48 years$886$500$269$140$71$7
49 years$858$478$253$129$64$6
50 years$831$456$238$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $851,000, adding $3,152 every year, while hoping to spend $40,015 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: 68/20/12 Blend
58$851,000$851,000$851,000$851,000
59$941,053$895,950$882,760$1,002,367
60$994,465$897,276$869,757$1,044,870
61$1,051,984$897,326$854,977$1,086,261
62$1,113,986$895,995$838,318$1,130,492
63$1,180,885$893,171$819,675$1,177,838
64$1,253,137$888,738$798,935$1,228,601
65$1,331,239$882,569$775,982$1,283,113
66$1,415,742$874,531$750,694$1,341,744
67$1,507,249$864,484$722,943$1,404,901
68$1,606,424$852,279$692,597$1,473,032
69$1,713,995$837,757$659,515$1,546,635
70$1,830,765$820,750$623,552$1,626,258
71$1,957,618$801,081$584,555$1,712,505
72$2,095,523$778,562$542,366$1,806,046
73$2,245,548$752,994$496,817$1,907,617
74$2,408,869$724,165$447,735$2,018,035
75$2,586,778$691,854$394,939$2,138,199
76$2,780,699$655,824$338,239$2,269,102
77$2,992,197$615,826$277,436$2,411,840
78$3,222,995$571,595$212,324$2,567,625
79$3,474,990$522,854$142,687$2,737,794
80$3,750,272$469,306$68,300$2,923,820
81$4,051,139$410,641$0$3,127,333
82$4,380,122$346,529$0$3,351,550
83$4,740,007$276,622$0$3,606,459
84$5,133,864$200,553$0$3,885,528
85$5,565,072$117,933$0$4,191,209
86$6,037,350$28,353$0$4,526,203
87$6,554,797$0$0$4,893,489
88$7,121,925$0$0$5,311,455
89$7,743,704$0$0$5,776,591
90$8,425,608$0$0$6,286,756
91$9,173,666$0$0$6,846,468
92$9,994,517$0$0$7,460,703
93$10,895,478$0$0$8,134,940
94$11,884,604$0$0$8,875,216
95$12,970,772$0$0$9,688,181
96$14,163,758$0$0$10,581,162
97$15,474,332$0$0$11,562,227
98$16,914,360$0$0$12,640,267
99$18,496,912$0$0$13,825,077
100$20,236,389$0$0$15,127,445