Can I retire at age 59 with 853,000?

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 $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%11.2%
1 years$70,440$69,813$69,200$68,603$68,019$67,676
2 years$34,871$34,222$33,592$32,982$32,390$32,044
3 years$23,017$22,364$21,737$21,132$20,550$20,211
4 years$17,090$16,440$15,819$15,224$14,656$14,327
5 years$13,536$12,889$12,276$11,694$11,141$10,824
6 years$11,167$10,525$9,921$9,352$8,816$8,510
7 years$9,475$8,839$8,244$7,688$7,170$6,875
8 years$8,207$7,577$6,992$6,450$5,948$5,665
9 years$7,221$6,597$6,022$5,494$5,009$4,738
10 years$6,433$5,815$5,250$4,736$4,268$4,008
11 years$5,789$5,177$4,622$4,121$3,671$3,422
12 years$5,252$4,646$4,102$3,615$3,181$2,944
13 years$4,798$4,199$3,665$3,192$2,774$2,548
14 years$4,410$3,817$3,293$2,833$2,431$2,216
15 years$4,073$3,487$2,973$2,527$2,141$1,936
16 years$3,779$3,199$2,696$2,262$1,892$1,697
17 years$3,520$2,946$2,453$2,033$1,678$1,493
18 years$3,290$2,722$2,239$1,832$1,492$1,316
19 years$3,084$2,523$2,050$1,655$1,330$1,163
20 years$2,899$2,344$1,881$1,499$1,188$1,030
21 years$2,732$2,184$1,730$1,361$1,063$914
22 years$2,580$2,038$1,595$1,237$953$812
23 years$2,442$1,907$1,472$1,127$855$722
24 years$2,315$1,786$1,362$1,028$769$643
25 years$2,199$1,676$1,261$938$692$574
26 years$2,092$1,575$1,170$858$623$512
27 years$1,993$1,483$1,086$785$562$457
28 years$1,901$1,397$1,010$720$507$409
29 years$1,816$1,318$940$660$458$366
30 years$1,736$1,245$875$606$414$327
31 years$1,662$1,177$816$556$374$293
32 years$1,593$1,113$761$511$338$262
33 years$1,528$1,054$711$470$306$235
34 years$1,466$999$664$432$277$211
35 years$1,409$948$621$398$251$189
36 years$1,355$900$581$367$227$170
37 years$1,304$854$544$338$206$152
38 years$1,255$812$509$311$187$137
39 years$1,210$772$477$287$169$123
40 years$1,166$735$447$265$154$110
41 years$1,125$699$419$244$139$99
42 years$1,086$666$393$225$127$89
43 years$1,049$635$369$208$115$80
44 years$1,013$605$346$192$104$72
45 years$980$577$325$177$95$64
46 years$948$550$306$164$86$58
47 years$917$525$287$151$78$52
48 years$888$501$270$140$71$47
49 years$860$479$254$129$64$42
50 years$833$457$238$120$58$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $853,000, adding $2,015 every year, while hoping to spend $30,811 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: 30/47/23 Blend
58$853,000$853,000$853,000$853,000
59$942,084$896,875$883,654$963,561
60$1,005,394$908,040$880,474$991,378
61$1,074,129$918,718$876,154$1,018,403
62$1,148,810$928,855$870,625$1,046,841
63$1,230,009$938,390$863,812$1,076,835
64$1,318,358$947,258$855,637$1,108,541
65$1,414,549$955,392$846,019$1,142,138
66$1,519,345$962,719$834,873$1,177,820
67$1,633,587$969,161$822,110$1,215,807
68$1,758,198$974,635$807,636$1,256,341
69$1,894,197$979,055$791,354$1,299,692
70$2,042,702$982,325$773,162$1,346,159
71$2,204,946$984,348$752,951$1,396,077
72$2,382,287$985,017$730,612$1,449,815
73$2,576,219$984,221$706,025$1,507,784
74$2,788,386$981,841$679,070$1,570,440
75$3,020,599$977,750$649,617$1,638,289
76$3,274,855$971,814$617,533$1,711,894
77$3,553,348$963,891$582,679$1,791,876
78$3,858,498$953,830$544,907$1,878,927
79$4,192,969$941,471$504,065$1,973,812
80$4,559,694$926,645$459,994$2,077,380
81$4,961,905$909,173$412,526$2,190,571
82$5,403,160$888,864$361,487$2,314,427
83$5,887,381$865,517$306,695$2,450,100
84$6,418,885$838,918$247,960$2,598,869
85$7,002,428$808,842$185,084$2,762,148
86$7,643,251$775,050$117,859$2,941,501
87$8,347,124$737,290$46,069$3,138,662
88$9,120,407$695,293$0$3,355,546
89$9,970,104$648,778$0$3,601,771
90$10,903,932$597,445$0$3,884,738
91$11,930,392$540,979$0$4,195,784
92$13,058,850$479,045$0$4,537,840
93$14,299,624$411,290$0$4,914,144
94$15,664,084$337,341$0$5,328,269
95$17,164,754$256,805$0$5,784,161
96$18,815,436$169,264$0$6,286,177
97$20,631,332$74,281$0$6,839,126
98$22,629,198$0$0$7,448,318
99$24,827,489$0$0$8,134,410
100$27,246,545$0$0$8,931,833