Can I retire at age 59 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$70,357$69,731$69,119$68,522$67,940$66,378
2 years$34,830$34,182$33,553$32,943$32,352$30,788
3 years$22,990$22,338$21,711$21,107$20,526$19,007
4 years$17,070$16,421$15,800$15,207$14,639$13,178
5 years$13,520$12,874$12,262$11,680$11,128$9,729
6 years$11,153$10,513$9,909$9,341$8,805$7,469
7 years$9,464$8,829$8,235$7,679$7,161$5,888
8 years$8,197$7,568$6,984$6,442$5,941$4,730
9 years$7,213$6,589$6,015$5,487$5,003$3,854
10 years$6,425$5,808$5,244$4,730$4,263$3,175
11 years$5,782$5,170$4,617$4,117$3,666$2,637
12 years$5,246$4,641$4,097$3,611$3,177$2,206
13 years$4,793$4,194$3,661$3,188$2,770$1,855
14 years$4,405$3,812$3,289$2,830$2,429$1,566
15 years$4,068$3,482$2,970$2,524$2,138$1,328
16 years$3,775$3,195$2,692$2,260$1,890$1,129
17 years$3,516$2,943$2,450$2,030$1,676$963
18 years$3,286$2,719$2,236$1,830$1,490$822
19 years$3,080$2,520$2,047$1,653$1,328$704
20 years$2,896$2,342$1,879$1,497$1,186$603
21 years$2,729$2,181$1,728$1,359$1,062$518
22 years$2,577$2,036$1,593$1,236$951$445
23 years$2,439$1,904$1,471$1,125$854$383
24 years$2,313$1,784$1,360$1,026$768$329
25 years$2,197$1,674$1,260$937$691$284
26 years$2,090$1,574$1,168$857$622$245
27 years$1,991$1,481$1,085$784$561$211
28 years$1,899$1,396$1,009$719$506$182
29 years$1,814$1,317$939$659$457$157
30 years$1,734$1,243$874$605$413$136
31 years$1,660$1,175$815$556$373$117
32 years$1,591$1,112$760$511$338$101
33 years$1,526$1,053$710$469$306$87
34 years$1,465$998$663$432$277$75
35 years$1,407$947$620$398$251$65
36 years$1,353$899$580$366$227$56
37 years$1,302$853$543$337$206$49
38 years$1,254$811$509$311$187$42
39 years$1,208$771$476$287$169$36
40 years$1,165$734$447$265$154$31
41 years$1,124$699$419$244$139$27
42 years$1,085$665$393$225$126$24
43 years$1,048$634$369$208$115$20
44 years$1,012$604$346$192$104$18
45 years$979$576$325$177$95$15
46 years$947$550$305$164$86$13
47 years$916$525$287$151$78$11
48 years$887$501$269$140$71$10
49 years$859$478$253$129$64$9
50 years$832$457$238$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $852,000, adding $5,839 every year, while hoping to spend $48,694 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: 35/48/17 Blend
58$852,000$852,000$852,000$852,000
59$944,927$899,771$886,565$972,885
60$989,499$892,050$864,455$986,058
61$1,036,986$882,318$839,972$995,278
62$1,087,633$870,426$812,986$1,004,193
63$1,141,710$856,215$783,359$1,012,802
64$1,199,511$839,517$750,948$1,021,110
65$1,261,361$820,152$715,604$1,029,125
66$1,327,613$797,933$677,171$1,036,862
67$1,398,658$772,660$635,484$1,044,342
68$1,474,921$744,120$590,372$1,051,592
69$1,556,871$712,090$541,658$1,058,650
70$1,645,023$676,334$489,155$1,065,561
71$1,739,941$636,600$432,667$1,072,384
72$1,842,245$592,623$371,991$1,079,188
73$1,952,616$544,124$306,915$1,086,058
74$2,071,802$490,805$237,216$1,093,094
75$2,200,627$432,355$162,663$1,100,416
76$2,339,992$368,442$83,014$1,108,162
77$2,490,892$298,717$0$1,116,497
78$2,654,419$222,810$0$1,125,968
79$2,831,774$140,331$0$1,152,528
80$3,024,276$50,869$0$1,181,405
81$3,233,380$0$0$1,212,939
82$3,460,681$0$0$1,271,817
83$3,707,939$0$0$1,365,201
84$3,977,086$0$0$1,466,965
85$4,270,251$0$0$1,577,928
86$4,589,775$0$0$1,698,992
87$4,938,235$0$0$1,831,147
88$5,318,468$0$0$1,975,487
89$5,733,595$0$0$2,133,212
90$6,187,053$0$0$2,305,647
91$6,682,626$0$0$2,494,247
92$7,224,479$0$0$2,700,618
93$7,817,198$0$0$2,926,525
94$8,465,832$0$0$3,173,913
95$9,175,943$0$0$3,444,925
96$9,953,653$0$0$3,741,919
97$10,805,705$0$0$4,067,494
98$11,739,524$0$0$4,424,510
99$12,763,290$0$0$4,816,118
100$13,886,009$0$0$5,245,791