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%16.4%
1 years$70,523$69,894$69,281$68,683$68,099$66,318
2 years$34,912$34,262$33,632$33,021$32,428$30,646
3 years$23,044$22,391$21,762$21,157$20,574$18,846
4 years$17,110$16,459$15,837$15,242$14,673$13,014
5 years$13,551$12,904$12,290$11,708$11,154$9,567
6 years$11,180$10,537$9,932$9,363$8,826$7,313
7 years$9,486$8,849$8,254$7,697$7,178$5,739
8 years$8,217$7,585$7,000$6,457$5,955$4,589
9 years$7,230$6,605$6,029$5,500$5,015$3,721
10 years$6,441$5,822$5,256$4,741$4,273$3,050
11 years$5,795$5,183$4,628$4,126$3,675$2,521
12 years$5,258$4,652$4,107$3,619$3,185$2,097
13 years$4,804$4,204$3,669$3,195$2,777$1,754
14 years$4,415$3,821$3,297$2,836$2,434$1,473
15 years$4,078$3,491$2,977$2,530$2,143$1,242
16 years$3,784$3,203$2,699$2,265$1,894$1,050
17 years$3,524$2,949$2,456$2,035$1,680$890
18 years$3,294$2,725$2,242$1,834$1,493$756
19 years$3,088$2,526$2,052$1,657$1,331$643
20 years$2,902$2,347$1,883$1,501$1,189$548
21 years$2,735$2,186$1,732$1,362$1,064$467
22 years$2,583$2,041$1,597$1,239$954$399
23 years$2,445$1,909$1,474$1,128$856$341
24 years$2,318$1,788$1,363$1,029$770$292
25 years$2,202$1,678$1,263$940$692$250
26 years$2,094$1,577$1,171$859$624$214
27 years$1,995$1,484$1,088$786$562$183
28 years$1,903$1,399$1,011$720$507$157
29 years$1,818$1,320$941$661$458$135
30 years$1,738$1,246$876$606$414$115
31 years$1,664$1,178$817$557$374$99
32 years$1,595$1,115$762$512$339$85
33 years$1,529$1,056$712$471$306$73
34 years$1,468$1,001$665$433$277$63
35 years$1,411$949$622$399$251$54
36 years$1,356$901$582$367$228$46
37 years$1,305$855$544$338$206$40
38 years$1,257$813$510$312$187$34
39 years$1,211$773$478$287$170$29
40 years$1,168$736$448$265$154$25
41 years$1,126$700$420$245$140$22
42 years$1,087$667$394$226$127$19
43 years$1,050$635$369$208$115$16
44 years$1,015$606$347$192$104$14
45 years$981$577$326$178$95$12
46 years$949$551$306$164$86$10
47 years$918$526$287$152$78$9
48 years$889$502$270$140$71$7
49 years$861$479$254$130$64$6
50 years$834$458$239$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $854,000, adding $5,746 every year, while hoping to spend $38,404 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: 42/38/20 Blend
58$854,000$854,000$854,000$854,000
59$947,035$901,773$888,536$981,047
60$1,002,771$905,098$877,440$1,009,065
61$1,062,905$907,299$864,686$1,035,226
62$1,127,845$908,281$850,177$1,062,765
63$1,198,039$907,941$833,812$1,091,829
64$1,273,981$906,171$815,486$1,122,581
65$1,356,211$902,858$795,089$1,155,203
66$1,445,326$897,879$772,506$1,189,899
67$1,541,980$891,106$747,615$1,226,895
68$1,646,894$882,402$720,292$1,266,445
69$1,760,859$871,622$690,404$1,308,830
70$1,884,747$858,612$657,813$1,354,364
71$2,019,516$843,209$622,375$1,403,395
72$2,166,222$825,241$583,940$1,456,313
73$2,326,024$804,525$542,349$1,513,548
74$2,500,199$780,868$497,439$1,575,582
75$2,690,154$754,065$449,037$1,642,947
76$2,897,434$723,899$396,964$1,716,236
77$3,123,743$690,140$341,033$1,796,107
78$3,370,954$652,546$281,047$1,883,290
79$3,641,132$610,862$216,803$1,978,597
80$3,936,547$564,814$148,085$2,082,926
81$4,259,701$514,116$74,673$2,197,274
82$4,613,349$458,466$0$2,322,748
83$5,000,522$397,542$0$2,461,357
84$5,424,559$331,006$0$2,630,732
85$5,889,140$258,500$0$2,816,481
86$6,398,312$179,647$0$3,020,326
87$6,956,537$94,047$0$3,244,174
88$7,568,728$1,279$0$3,490,129
89$8,240,294$0$0$3,760,518
90$8,977,197$0$0$4,099,352
91$9,785,999$0$0$4,471,945
92$10,673,933$0$0$4,881,108
93$11,648,964$0$0$5,330,526
94$12,719,867$0$0$5,824,258
95$13,896,306$0$0$6,366,777
96$15,188,932$0$0$6,963,009
97$16,609,473$0$0$7,618,381
98$18,170,856$0$0$8,338,873
99$19,887,316$0$0$9,131,072
100$21,774,542$0$0$10,002,238