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%14.1%
1 years$70,523$69,894$69,281$68,683$68,099$66,943
2 years$34,912$34,262$33,632$33,021$32,428$31,267
3 years$23,044$22,391$21,762$21,157$20,574$19,444
4 years$17,110$16,459$15,837$15,242$14,673$13,583
5 years$13,551$12,904$12,290$11,708$11,154$10,107
6 years$11,180$10,537$9,932$9,363$8,826$7,823
7 years$9,486$8,849$8,254$7,697$7,178$6,219
8 years$8,217$7,585$7,000$6,457$5,955$5,040
9 years$7,230$6,605$6,029$5,500$5,015$4,144
10 years$6,441$5,822$5,256$4,741$4,273$3,445
11 years$5,795$5,183$4,628$4,126$3,675$2,889
12 years$5,258$4,652$4,107$3,619$3,185$2,440
13 years$4,804$4,204$3,669$3,195$2,777$2,072
14 years$4,415$3,821$3,297$2,836$2,434$1,768
15 years$4,078$3,491$2,977$2,530$2,143$1,515
16 years$3,784$3,203$2,699$2,265$1,894$1,302
17 years$3,524$2,949$2,456$2,035$1,680$1,122
18 years$3,294$2,725$2,242$1,834$1,493$969
19 years$3,088$2,526$2,052$1,657$1,331$838
20 years$2,902$2,347$1,883$1,501$1,189$727
21 years$2,735$2,186$1,732$1,362$1,064$631
22 years$2,583$2,041$1,597$1,239$954$548
23 years$2,445$1,909$1,474$1,128$856$477
24 years$2,318$1,788$1,363$1,029$770$416
25 years$2,202$1,678$1,263$940$692$362
26 years$2,094$1,577$1,171$859$624$316
27 years$1,995$1,484$1,088$786$562$276
28 years$1,903$1,399$1,011$720$507$241
29 years$1,818$1,320$941$661$458$210
30 years$1,738$1,246$876$606$414$184
31 years$1,664$1,178$817$557$374$161
32 years$1,595$1,115$762$512$339$141
33 years$1,529$1,056$712$471$306$123
34 years$1,468$1,001$665$433$277$108
35 years$1,411$949$622$399$251$94
36 years$1,356$901$582$367$228$82
37 years$1,305$855$544$338$206$72
38 years$1,257$813$510$312$187$63
39 years$1,211$773$478$287$170$55
40 years$1,168$736$448$265$154$48
41 years$1,126$700$420$245$140$42
42 years$1,087$667$394$226$127$37
43 years$1,050$635$369$208$115$33
44 years$1,015$606$347$192$104$29
45 years$981$577$326$178$95$25
46 years$949$551$306$164$86$22
47 years$918$526$287$152$78$19
48 years$889$502$270$140$71$17
49 years$861$479$254$130$64$15
50 years$834$458$239$120$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $854,000, adding $6,647 every year, while hoping to spend $35,767 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: 39/50/11 Blend
58$854,000$854,000$854,000$854,000
59$947,964$902,702$889,465$981,536
60$1,006,601$908,879$881,207$1,012,090
61$1,070,020$914,159$871,473$1,041,091
62$1,138,671$918,462$860,176$1,071,652
63$1,213,048$921,700$847,225$1,103,931
64$1,293,697$923,781$832,525$1,138,102
65$1,381,215$924,607$815,975$1,174,360
66$1,476,260$924,074$797,471$1,212,920
67$1,579,555$922,071$776,903$1,254,023
68$1,691,897$918,480$754,157$1,297,937
69$1,814,162$913,176$729,113$1,344,960
70$1,947,313$906,028$701,644$1,395,421
71$2,092,411$896,896$671,621$1,449,689
72$2,250,622$885,629$638,906$1,508,172
73$2,423,232$872,071$603,356$1,571,322
74$2,611,654$856,055$564,821$1,639,642
75$2,817,445$837,404$523,144$1,713,692
76$3,042,317$815,930$478,163$1,794,090
77$3,288,158$791,434$429,705$1,881,525
78$3,557,043$763,707$377,593$1,976,757
79$3,851,259$732,527$321,641$2,080,633
80$4,173,325$697,658$261,653$2,194,089
81$4,526,012$658,851$197,426$2,318,162
82$4,912,374$615,844$128,749$2,454,004
83$5,335,773$568,358$55,399$2,602,889
84$5,799,913$516,098$0$2,766,226
85$6,308,872$458,754$0$2,948,265
86$6,867,141$395,997$0$3,155,163
87$7,479,669$327,481$0$3,382,356
88$8,151,905$252,837$0$3,631,992
89$8,889,852$171,679$0$3,906,450
90$9,700,124$83,598$0$4,208,355
91$10,590,003$0$0$4,540,612
92$11,567,515$0$0$4,912,943
93$12,641,500$0$0$5,372,676
94$13,821,694$0$0$5,877,998
95$15,118,828$0$0$6,433,518
96$16,544,720$0$0$7,044,314
97$18,112,391$0$0$7,715,980
98$19,836,189$0$0$8,454,680
99$21,731,918$0$0$9,267,205
100$23,816,993$0$0$10,161,038