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%17%
1 years$70,440$69,813$69,200$68,603$68,019$66,080
2 years$34,871$34,222$33,592$32,982$32,390$30,452
3 years$23,017$22,364$21,737$21,132$20,550$18,673
4 years$17,090$16,440$15,819$15,224$14,656$12,855
5 years$13,536$12,889$12,276$11,694$11,141$9,421
6 years$11,167$10,525$9,921$9,352$8,816$7,177
7 years$9,475$8,839$8,244$7,688$7,170$5,613
8 years$8,207$7,577$6,992$6,450$5,948$4,473
9 years$7,221$6,597$6,022$5,494$5,009$3,614
10 years$6,433$5,815$5,250$4,736$4,268$2,951
11 years$5,789$5,177$4,622$4,121$3,671$2,429
12 years$5,252$4,646$4,102$3,615$3,181$2,013
13 years$4,798$4,199$3,665$3,192$2,774$1,677
14 years$4,410$3,817$3,293$2,833$2,431$1,403
15 years$4,073$3,487$2,973$2,527$2,141$1,178
16 years$3,779$3,199$2,696$2,262$1,892$991
17 years$3,520$2,946$2,453$2,033$1,678$837
18 years$3,290$2,722$2,239$1,832$1,492$707
19 years$3,084$2,523$2,050$1,655$1,330$599
20 years$2,899$2,344$1,881$1,499$1,188$508
21 years$2,732$2,184$1,730$1,361$1,063$432
22 years$2,580$2,038$1,595$1,237$953$367
23 years$2,442$1,907$1,472$1,127$855$312
24 years$2,315$1,786$1,362$1,028$769$266
25 years$2,199$1,676$1,261$938$692$226
26 years$2,092$1,575$1,170$858$623$193
27 years$1,993$1,483$1,086$785$562$164
28 years$1,901$1,397$1,010$720$507$140
29 years$1,816$1,318$940$660$458$120
30 years$1,736$1,245$875$606$414$102
31 years$1,662$1,177$816$556$374$87
32 years$1,593$1,113$761$511$338$74
33 years$1,528$1,054$711$470$306$64
34 years$1,466$999$664$432$277$54
35 years$1,409$948$621$398$251$46
36 years$1,355$900$581$367$227$40
37 years$1,304$854$544$338$206$34
38 years$1,255$812$509$311$187$29
39 years$1,210$772$477$287$169$25
40 years$1,166$735$447$265$154$21
41 years$1,125$699$419$244$139$18
42 years$1,086$666$393$225$127$15
43 years$1,049$635$369$208$115$13
44 years$1,013$605$346$192$104$11
45 years$980$577$325$177$95$10
46 years$948$550$306$164$86$8
47 years$917$525$287$151$78$7
48 years$888$501$270$140$71$6
49 years$860$479$254$129$64$5
50 years$833$457$238$120$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $853,000, adding $5,483 every year, while hoping to spend $47,711 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: 53/22/25 Blend
58$853,000$853,000$853,000$853,000
59$945,662$900,453$887,231$988,954
60$991,355$893,811$866,189$1,012,803
61$1,040,110$885,244$842,843$1,033,387
62$1,092,189$874,609$817,066$1,054,810
63$1,147,878$861,750$788,724$1,077,170
64$1,207,492$846,507$757,677$1,100,577
65$1,271,377$828,707$723,780$1,125,156
66$1,339,911$808,167$686,880$1,151,047
67$1,413,509$784,694$646,818$1,178,405
68$1,492,628$758,085$603,426$1,207,409
69$1,577,767$728,122$556,532$1,238,254
70$1,669,476$694,577$505,953$1,271,163
71$1,768,360$657,208$451,499$1,306,383
72$1,875,080$615,759$392,972$1,344,190
73$1,990,365$569,958$330,164$1,384,896
74$2,115,017$519,520$262,859$1,428,845
75$2,249,914$464,143$190,830$1,476,424
76$2,396,025$403,505$113,843$1,528,062
77$2,554,412$337,270$31,649$1,584,240
78$2,726,246$265,080$0$1,645,491
79$2,912,813$186,558$0$1,727,367
80$3,115,526$101,306$0$1,825,556
81$3,335,943$8,903$0$1,932,417
82$3,575,775$0$0$2,048,848
83$3,836,907$0$0$2,197,893
84$4,121,411$0$0$2,362,703
85$4,431,567$0$0$2,542,454
86$4,769,888$0$0$2,738,609
87$5,139,136$0$0$2,952,782
88$5,542,353$0$0$3,186,748
89$5,982,888$0$0$3,442,462
90$6,464,426$0$0$3,722,074
91$6,991,026$0$0$4,027,954
92$7,567,157$0$0$4,362,710
93$8,197,740$0$0$4,729,213
94$8,888,193$0$0$5,130,628
95$9,644,481$0$0$5,570,437
96$10,473,176$0$0$6,052,475
97$11,381,514$0$0$6,580,968
98$12,377,465$0$0$7,160,567
99$13,469,807$0$0$7,796,399
100$14,668,207$0$0$8,494,107