Can I retire at age 59 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$70,440$69,813$69,200$68,603$68,019$66,592
2 years$34,871$34,222$33,592$32,982$32,390$30,958
3 years$23,017$22,364$21,737$21,132$20,550$19,159
4 years$17,090$16,440$15,819$15,224$14,656$13,317
5 years$13,536$12,889$12,276$11,694$11,141$9,857
6 years$11,167$10,525$9,921$9,352$8,816$7,588
7 years$9,475$8,839$8,244$7,688$7,170$5,999
8 years$8,207$7,577$6,992$6,450$5,948$4,833
9 years$7,221$6,597$6,022$5,494$5,009$3,950
10 years$6,433$5,815$5,250$4,736$4,268$3,264
11 years$5,789$5,177$4,622$4,121$3,671$2,720
12 years$5,252$4,646$4,102$3,615$3,181$2,282
13 years$4,798$4,199$3,665$3,192$2,774$1,925
14 years$4,410$3,817$3,293$2,833$2,431$1,632
15 years$4,073$3,487$2,973$2,527$2,141$1,388
16 years$3,779$3,199$2,696$2,262$1,892$1,185
17 years$3,520$2,946$2,453$2,033$1,678$1,013
18 years$3,290$2,722$2,239$1,832$1,492$869
19 years$3,084$2,523$2,050$1,655$1,330$747
20 years$2,899$2,344$1,881$1,499$1,188$642
21 years$2,732$2,184$1,730$1,361$1,063$553
22 years$2,580$2,038$1,595$1,237$953$477
23 years$2,442$1,907$1,472$1,127$855$412
24 years$2,315$1,786$1,362$1,028$769$356
25 years$2,199$1,676$1,261$938$692$308
26 years$2,092$1,575$1,170$858$623$267
27 years$1,993$1,483$1,086$785$562$231
28 years$1,901$1,397$1,010$720$507$200
29 years$1,816$1,318$940$660$458$173
30 years$1,736$1,245$875$606$414$150
31 years$1,662$1,177$816$556$374$130
32 years$1,593$1,113$761$511$338$113
33 years$1,528$1,054$711$470$306$98
34 years$1,466$999$664$432$277$85
35 years$1,409$948$621$398$251$74
36 years$1,355$900$581$367$227$64
37 years$1,304$854$544$338$206$56
38 years$1,255$812$509$311$187$48
39 years$1,210$772$477$287$169$42
40 years$1,166$735$447$265$154$36
41 years$1,125$699$419$244$139$32
42 years$1,086$666$393$225$127$27
43 years$1,049$635$369$208$115$24
44 years$1,013$605$346$192$104$21
45 years$980$577$325$177$95$18
46 years$948$550$306$164$86$16
47 years$917$525$287$151$78$14
48 years$888$501$270$140$71$12
49 years$860$479$254$129$64$10
50 years$833$457$238$120$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $853,000, adding $3,758 every year, while hoping to spend $36,256 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: 57/38/5 Blend
58$853,000$853,000$853,000$853,000
59$943,882$898,673$885,452$996,571
60$1,001,582$904,132$876,538$1,037,860
61$1,063,952$908,644$866,111$1,078,392
62$1,131,431$912,122$854,081$1,121,641
63$1,204,499$914,479$840,355$1,167,870
64$1,283,687$915,617$824,836$1,217,367
65$1,369,576$915,435$807,421$1,270,453
66$1,462,807$913,826$788,004$1,327,482
67$1,564,084$910,674$766,473$1,388,843
68$1,674,181$905,858$742,710$1,454,970
69$1,793,951$899,248$716,594$1,526,341
70$1,924,331$890,708$687,997$1,603,482
71$2,066,353$880,093$656,785$1,686,977
72$2,221,152$867,248$622,818$1,777,471
73$2,389,977$852,011$585,950$1,875,676
74$2,574,204$834,209$546,029$1,982,379
75$2,775,346$813,658$502,894$2,098,451
76$2,995,069$790,166$456,380$2,224,852
77$3,235,209$763,527$406,311$2,362,644
78$3,497,784$733,523$352,506$2,512,999
79$3,785,018$699,926$294,775$2,677,213
80$4,099,360$662,492$232,920$2,856,717
81$4,443,505$620,964$166,733$3,053,091
82$4,820,422$575,071$95,998$3,268,081
83$5,233,380$524,525$20,489$3,503,615
84$5,685,980$469,022$0$3,761,820
85$6,182,188$408,242$0$4,048,254
86$6,726,370$341,845$0$4,363,680
87$7,323,337$269,473$0$4,709,883
88$7,978,388$190,747$0$5,090,040
89$8,697,357$105,268$0$5,507,657
90$9,486,675$12,613$0$5,966,605
91$10,353,422$0$0$6,471,154
92$11,305,399$0$0$7,062,673
93$12,351,200$0$0$7,718,363
94$13,500,290$0$0$8,438,896
95$14,763,100$0$0$9,230,820
96$16,151,119$0$0$10,101,352
97$17,677,004$0$0$11,058,441
98$19,354,701$0$0$12,110,847
99$21,199,574$0$0$13,268,217
100$23,228,552$0$0$14,541,184