Can I retire at age 59 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,605$69,976$69,363$68,764$68,179$66,693
2 years$34,953$34,302$33,671$33,059$32,466$30,977
3 years$23,071$22,417$21,787$21,182$20,598$19,151
4 years$17,130$16,479$15,856$15,260$14,691$13,298
5 years$13,567$12,920$12,305$11,721$11,168$9,833
6 years$11,193$10,550$9,944$9,374$8,836$7,561
7 years$9,497$8,860$8,264$7,707$7,186$5,971
8 years$8,226$7,594$7,008$6,465$5,962$4,805
9 years$7,238$6,612$6,036$5,507$5,021$3,923
10 years$6,448$5,828$5,262$4,747$4,278$3,237
11 years$5,802$5,189$4,633$4,131$3,679$2,694
12 years$5,264$4,657$4,112$3,624$3,188$2,257
13 years$4,810$4,209$3,673$3,199$2,780$1,902
14 years$4,420$3,826$3,301$2,840$2,437$1,610
15 years$4,083$3,495$2,980$2,533$2,146$1,368
16 years$3,788$3,206$2,702$2,268$1,897$1,165
17 years$3,528$2,953$2,459$2,037$1,682$996
18 years$3,297$2,729$2,244$1,836$1,495$852
19 years$3,091$2,529$2,055$1,659$1,333$731
20 years$2,906$2,350$1,886$1,503$1,190$628
21 years$2,738$2,189$1,734$1,364$1,065$540
22 years$2,586$2,043$1,599$1,240$955$465
23 years$2,448$1,911$1,476$1,129$857$401
24 years$2,321$1,790$1,365$1,030$770$346
25 years$2,204$1,680$1,264$941$693$299
26 years$2,097$1,579$1,173$860$624$258
27 years$1,998$1,486$1,089$787$563$223
28 years$1,906$1,400$1,012$721$508$193
29 years$1,820$1,321$942$661$459$167
30 years$1,740$1,248$877$607$414$145
31 years$1,666$1,179$818$557$375$125
32 years$1,596$1,116$763$512$339$108
33 years$1,531$1,057$713$471$307$94
34 years$1,470$1,002$666$433$278$81
35 years$1,412$950$622$399$252$70
36 years$1,358$902$582$368$228$61
37 years$1,307$856$545$339$207$53
38 years$1,258$814$510$312$187$46
39 years$1,212$774$478$288$170$40
40 years$1,169$736$448$265$154$34
41 years$1,128$701$420$245$140$30
42 years$1,089$668$394$226$127$26
43 years$1,051$636$370$209$115$22
44 years$1,016$606$347$193$104$19
45 years$982$578$326$178$95$17
46 years$950$552$306$164$86$15
47 years$919$526$288$152$78$13
48 years$890$502$270$140$71$11
49 years$862$480$254$130$64$10
50 years$835$458$239$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $855,000, adding $3,175 every year, while hoping to spend $33,852 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: 53/36/11 Blend
58$855,000$855,000$855,000$855,000
59$945,485$900,170$886,918$992,743
60$1,005,906$908,260$880,611$1,033,332
61$1,071,356$915,612$872,959$1,073,551
62$1,142,311$922,154$863,880$1,116,519
63$1,219,296$927,809$853,289$1,162,506
64$1,302,889$932,496$841,099$1,211,807
65$1,393,724$936,128$827,216$1,264,751
66$1,492,499$938,614$811,543$1,321,698
67$1,599,982$939,854$793,978$1,383,049
68$1,717,019$939,746$774,415$1,449,247
69$1,844,540$938,179$752,743$1,520,781
70$1,983,568$935,034$728,844$1,598,190
71$2,135,229$930,189$702,598$1,682,073
72$2,300,765$923,510$673,877$1,773,088
73$2,481,539$914,858$642,548$1,871,966
74$2,679,053$904,083$608,471$1,979,511
75$2,894,963$891,030$571,501$2,096,615
76$3,131,089$875,530$531,486$2,224,261
77$3,389,436$857,407$488,267$2,363,534
78$3,672,212$836,474$441,678$2,515,636
79$3,981,849$812,532$391,545$2,681,891
80$4,321,024$785,372$337,688$2,863,764
81$4,692,684$754,771$279,916$3,062,871
82$5,100,078$720,495$218,034$3,280,998
83$5,546,781$682,295$151,833$3,520,117
84$6,036,733$639,907$81,099$3,782,404
85$6,574,271$593,054$5,608$4,070,263
86$7,164,175$541,442$0$4,386,347
87$7,811,707$484,759$0$4,742,383
88$8,522,667$422,678$0$5,134,082
89$9,303,441$354,851$0$5,564,383
90$10,161,065$280,912$0$6,037,257
91$11,103,290$200,472$0$6,557,086
92$12,138,654$113,124$0$7,128,701
93$13,276,564$18,435$0$7,757,433
94$14,527,384$0$0$8,449,163
95$15,902,531$0$0$9,243,674
96$17,414,583$0$0$10,125,406
97$19,077,400$0$0$11,095,149
98$20,906,250$0$0$12,161,820
99$22,917,955$0$0$13,335,243
100$25,131,051$0$0$14,626,243