Can I retire at age 59 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$70,523$69,894$69,281$68,683$68,099$67,812
2 years$34,912$34,262$33,632$33,021$32,428$32,138
3 years$23,044$22,391$21,762$21,157$20,574$20,290
4 years$17,110$16,459$15,837$15,242$14,673$14,398
5 years$13,551$12,904$12,290$11,708$11,154$10,889
6 years$11,180$10,537$9,932$9,363$8,826$8,570
7 years$9,486$8,849$8,254$7,697$7,178$6,931
8 years$8,217$7,585$7,000$6,457$5,955$5,718
9 years$7,230$6,605$6,029$5,500$5,015$4,788
10 years$6,441$5,822$5,256$4,741$4,273$4,055
11 years$5,795$5,183$4,628$4,126$3,675$3,467
12 years$5,258$4,652$4,107$3,619$3,185$2,986
13 years$4,804$4,204$3,669$3,195$2,777$2,587
14 years$4,415$3,821$3,297$2,836$2,434$2,253
15 years$4,078$3,491$2,977$2,530$2,143$1,971
16 years$3,784$3,203$2,699$2,265$1,894$1,730
17 years$3,524$2,949$2,456$2,035$1,680$1,524
18 years$3,294$2,725$2,242$1,834$1,493$1,346
19 years$3,088$2,526$2,052$1,657$1,331$1,191
20 years$2,902$2,347$1,883$1,501$1,189$1,056
21 years$2,735$2,186$1,732$1,362$1,064$938
22 years$2,583$2,041$1,597$1,239$954$835
23 years$2,445$1,909$1,474$1,128$856$744
24 years$2,318$1,788$1,363$1,029$770$664
25 years$2,202$1,678$1,263$940$692$593
26 years$2,094$1,577$1,171$859$624$530
27 years$1,995$1,484$1,088$786$562$474
28 years$1,903$1,399$1,011$720$507$424
29 years$1,818$1,320$941$661$458$380
30 years$1,738$1,246$876$606$414$341
31 years$1,664$1,178$817$557$374$306
32 years$1,595$1,115$762$512$339$274
33 years$1,529$1,056$712$471$306$246
34 years$1,468$1,001$665$433$277$221
35 years$1,411$949$622$399$251$199
36 years$1,356$901$582$367$228$178
37 years$1,305$855$544$338$206$160
38 years$1,257$813$510$312$187$144
39 years$1,211$773$478$287$170$130
40 years$1,168$736$448$265$154$117
41 years$1,126$700$420$245$140$105
42 years$1,087$667$394$226$127$94
43 years$1,050$635$369$208$115$85
44 years$1,015$606$347$192$104$76
45 years$981$577$326$178$95$69
46 years$949$551$306$164$86$62
47 years$918$526$287$152$78$56
48 years$889$502$270$140$71$50
49 years$861$479$254$130$64$45
50 years$834$458$239$120$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $854,000, adding $4,737 every year, while hoping to spend $37,279 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: 48/24/28 Blend
58$854,000$854,000$854,000$854,000
59$945,994$900,732$887,495$983,642
60$1,002,821$905,204$877,562$1,015,076
61$1,064,195$908,644$866,046$1,045,161
62$1,130,540$910,965$852,856$1,077,113
63$1,202,323$912,070$837,894$1,111,125
64$1,280,056$911,858$821,060$1,147,414
65$1,364,304$910,222$802,248$1,186,221
66$1,455,686$907,046$781,346$1,227,813
67$1,554,884$902,209$758,240$1,272,486
68$1,662,648$895,583$732,806$1,320,569
69$1,779,803$887,031$704,920$1,372,429
70$1,907,255$876,408$674,447$1,428,469
71$2,046,004$863,561$641,250$1,489,141
72$2,197,148$848,327$605,184$1,554,941
73$2,361,896$830,534$566,096$1,626,422
74$2,541,579$809,999$523,829$1,704,197
75$2,737,660$786,529$478,218$1,788,943
76$2,951,752$759,920$429,089$1,881,413
77$3,185,629$729,954$376,261$1,982,437
78$3,441,245$696,403$319,548$2,092,937
79$3,720,750$659,025$258,751$2,213,933
80$4,026,512$617,563$193,664$2,346,554
81$4,361,138$571,746$124,075$2,492,048
82$4,727,500$521,288$49,757$2,651,798
83$5,128,760$465,885$0$2,827,331
84$5,568,397$405,217$0$3,029,168
85$6,050,248$338,947$0$3,266,787
86$6,578,534$266,717$0$3,527,450
87$7,157,908$188,149$0$3,813,521
88$7,793,490$102,844$0$4,127,610
89$8,490,925$10,382$0$4,472,594
90$9,256,427$0$0$4,851,648
91$10,096,842$0$0$5,291,959
92$11,019,711$0$0$5,778,581
93$12,033,343$0$0$6,313,164
94$13,146,887$0$0$6,900,547
95$14,370,427$0$0$7,546,061
96$15,715,069$0$0$8,255,580
97$17,193,048$0$0$9,035,574
98$18,817,844$0$0$9,893,172
99$20,604,310$0$0$10,836,229
100$22,568,807$0$0$11,873,396