Can I retire at age 59 with 856,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$70,688$70,058$69,444$68,844$68,259$67,183
2 years$34,994$34,342$33,711$33,098$32,504$31,423
3 years$23,098$22,443$21,813$21,206$20,622$19,570
4 years$17,151$16,498$15,874$15,278$14,708$13,692
5 years$13,583$12,935$12,319$11,735$11,181$10,204
6 years$11,206$10,562$9,956$9,385$8,847$7,911
7 years$9,508$8,870$8,273$7,716$7,195$6,300
8 years$8,236$7,603$7,016$6,472$5,969$5,114
9 years$7,247$6,620$6,043$5,513$5,027$4,212
10 years$6,456$5,835$5,269$4,752$4,283$3,508
11 years$5,809$5,195$4,638$4,136$3,683$2,948
12 years$5,270$4,663$4,116$3,628$3,192$2,494
13 years$4,815$4,214$3,678$3,203$2,783$2,122
14 years$4,425$3,830$3,304$2,843$2,440$1,815
15 years$4,088$3,499$2,983$2,535$2,148$1,558
16 years$3,792$3,210$2,705$2,270$1,899$1,341
17 years$3,532$2,956$2,461$2,040$1,684$1,158
18 years$3,301$2,732$2,247$1,838$1,497$1,003
19 years$3,095$2,532$2,057$1,661$1,334$870
20 years$2,909$2,353$1,888$1,504$1,192$756
21 years$2,742$2,191$1,736$1,365$1,066$658
22 years$2,589$2,046$1,600$1,241$956$573
23 years$2,451$1,913$1,478$1,131$858$500
24 years$2,324$1,793$1,367$1,031$771$436
25 years$2,207$1,682$1,266$942$694$381
26 years$2,099$1,581$1,174$861$625$333
27 years$2,000$1,488$1,090$788$564$292
28 years$1,908$1,402$1,013$722$509$255
29 years$1,822$1,323$943$662$459$224
30 years$1,742$1,249$878$608$415$196
31 years$1,668$1,181$819$558$375$172
32 years$1,598$1,117$764$513$339$151
33 years$1,533$1,058$713$472$307$132
34 years$1,472$1,003$667$434$278$116
35 years$1,414$951$623$400$252$102
36 years$1,360$903$583$368$228$89
37 years$1,308$857$546$339$207$78
38 years$1,260$815$511$312$188$69
39 years$1,214$775$479$288$170$60
40 years$1,170$737$449$266$154$53
41 years$1,129$702$421$245$140$47
42 years$1,090$668$395$226$127$41
43 years$1,053$637$370$209$115$36
44 years$1,017$607$348$193$105$32
45 years$983$579$326$178$95$28
46 years$951$552$307$165$86$24
47 years$920$527$288$152$78$21
48 years$891$503$271$140$71$19
49 years$863$480$254$130$65$16
50 years$836$459$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $856,000, adding $2,512 every year, while hoping to spend $28,244 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: 53/31/16 Blend
58$856,000$856,000$856,000$856,000
59$945,903$900,535$887,267$991,834
60$1,012,334$914,610$886,939$1,037,592
61$1,084,594$928,428$885,654$1,084,148
62$1,163,248$941,946$883,349$1,134,174
63$1,248,918$955,120$879,959$1,188,009
64$1,342,287$967,900$875,417$1,246,025
65$1,444,108$980,235$869,651$1,308,632
66$1,555,209$992,069$862,587$1,376,284
67$1,676,503$1,003,343$854,146$1,449,482
68$1,808,992$1,013,993$844,246$1,528,778
69$1,953,782$1,023,951$832,801$1,614,780
70$2,112,089$1,033,146$819,721$1,708,162
71$2,285,253$1,041,501$804,912$1,809,664
72$2,474,747$1,048,933$788,276$1,920,106
73$2,682,197$1,055,357$769,709$2,040,390
74$2,909,391$1,060,678$749,103$2,171,514
75$3,158,296$1,064,799$726,346$2,314,575
76$3,431,083$1,067,615$701,319$2,470,788
77$3,730,138$1,069,013$673,898$2,641,492
78$4,058,094$1,068,877$643,956$2,828,161
79$4,417,847$1,067,079$611,355$3,032,427
80$4,812,589$1,063,487$575,957$3,256,085
81$5,245,833$1,057,958$537,612$3,501,119
82$5,721,453$1,050,343$496,167$3,769,715
83$6,243,714$1,040,482$451,461$4,064,287
84$6,817,313$1,028,206$403,325$4,387,496
85$7,447,427$1,013,336$351,585$4,742,277
86$8,139,757$995,682$296,055$5,131,870
87$8,900,584$975,042$236,545$5,559,844
88$9,736,829$951,205$172,854$6,030,141
89$10,656,114$923,943$104,774$6,547,104
90$11,666,840$893,019$32,086$7,115,526
91$12,778,260$858,179$0$7,740,693
92$14,000,569$819,156$0$8,436,196
93$15,344,999$775,667$0$9,207,050
94$16,823,928$727,413$0$10,054,902
95$18,450,989$674,077$0$10,987,613
96$20,241,208$615,325$0$12,013,848
97$22,211,138$550,802$0$13,143,161
98$24,379,019$480,136$0$14,386,083
99$26,764,948$402,932$0$15,754,223
100$29,391,068$318,771$0$17,260,379