Can I retire at age 59 with 856,000?

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 $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%15.5%
1 years$70,688$70,058$69,444$68,844$68,259$66,717
2 years$34,994$34,342$33,711$33,098$32,504$30,959
3 years$23,098$22,443$21,813$21,206$20,622$19,122
4 years$17,151$16,498$15,874$15,278$14,708$13,264
5 years$13,583$12,935$12,319$11,735$11,181$9,798
6 years$11,206$10,562$9,956$9,385$8,847$7,526
7 years$9,508$8,870$8,273$7,716$7,195$5,936
8 years$8,236$7,603$7,016$6,472$5,969$4,772
9 years$7,247$6,620$6,043$5,513$5,027$3,891
10 years$6,456$5,835$5,269$4,752$4,283$3,207
11 years$5,809$5,195$4,638$4,136$3,683$2,665
12 years$5,270$4,663$4,116$3,628$3,192$2,231
13 years$4,815$4,214$3,678$3,203$2,783$1,877
14 years$4,425$3,830$3,304$2,843$2,440$1,586
15 years$4,088$3,499$2,983$2,535$2,148$1,346
16 years$3,792$3,210$2,705$2,270$1,899$1,145
17 years$3,532$2,956$2,461$2,040$1,684$977
18 years$3,301$2,732$2,247$1,838$1,497$835
19 years$3,095$2,532$2,057$1,661$1,334$715
20 years$2,909$2,353$1,888$1,504$1,192$614
21 years$2,742$2,191$1,736$1,365$1,066$527
22 years$2,589$2,046$1,600$1,241$956$453
23 years$2,451$1,913$1,478$1,131$858$390
24 years$2,324$1,793$1,367$1,031$771$336
25 years$2,207$1,682$1,266$942$694$290
26 years$2,099$1,581$1,174$861$625$250
27 years$2,000$1,488$1,090$788$564$216
28 years$1,908$1,402$1,013$722$509$186
29 years$1,822$1,323$943$662$459$161
30 years$1,742$1,249$878$608$415$139
31 years$1,668$1,181$819$558$375$120
32 years$1,598$1,117$764$513$339$104
33 years$1,533$1,058$713$472$307$90
34 years$1,472$1,003$667$434$278$78
35 years$1,414$951$623$400$252$67
36 years$1,360$903$583$368$228$58
37 years$1,308$857$546$339$207$50
38 years$1,260$815$511$312$188$43
39 years$1,214$775$479$288$170$38
40 years$1,170$737$449$266$154$33
41 years$1,129$702$421$245$140$28
42 years$1,090$668$395$226$127$24
43 years$1,053$637$370$209$115$21
44 years$1,017$607$348$193$105$18
45 years$983$579$326$178$95$16
46 years$951$552$307$165$86$14
47 years$920$527$288$152$78$12
48 years$891$503$271$140$71$10
49 years$863$480$254$130$65$9
50 years$836$459$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 $856,000, adding $5,782 every year, while hoping to spend $26,728 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: 63/17/20 Blend
58$856,000$856,000$856,000$856,000
59$949,276$903,908$890,640$1,003,861
60$1,017,664$919,761$892,038$1,057,184
61$1,092,131$935,495$892,587$1,111,874
62$1,173,271$951,076$892,231$1,170,984
63$1,261,733$966,468$890,909$1,234,947
64$1,358,235$981,630$888,560$1,304,240
65$1,463,566$996,521$885,118$1,379,392
66$1,578,596$1,011,096$880,515$1,460,983
67$1,704,279$1,025,306$874,678$1,549,653
68$1,841,668$1,039,100$867,533$1,646,108
69$1,991,924$1,052,421$859,001$1,751,127
70$2,156,321$1,065,210$848,998$1,865,569
71$2,336,265$1,077,405$837,439$1,990,379
72$2,533,303$1,088,937$824,233$2,126,602
73$2,749,140$1,099,735$809,284$2,275,387
74$2,985,651$1,109,721$792,494$2,438,004
75$3,244,904$1,118,813$773,759$2,615,851
76$3,529,173$1,126,925$752,970$2,810,471
77$3,840,967$1,133,962$730,013$3,023,564
78$4,183,047$1,139,827$704,769$3,257,004
79$4,558,453$1,144,414$677,113$3,512,859
80$4,970,535$1,147,610$646,917$3,793,408
81$5,422,984$1,149,298$614,043$4,101,163
82$5,919,865$1,149,349$578,350$4,438,895
83$6,465,655$1,147,632$539,689$4,809,658
84$7,065,288$1,144,001$497,904$5,216,820
85$7,724,197$1,138,308$452,834$5,664,093
86$8,448,370$1,130,390$404,309$6,155,569
87$9,244,403$1,120,078$352,152$6,695,762
88$10,119,561$1,107,190$296,178$7,289,645
89$11,081,851$1,091,537$236,195$7,942,704
90$12,140,092$1,072,915$171,999$8,660,983
91$13,304,002$1,051,108$103,382$9,451,147
92$14,584,288$1,025,891$30,123$10,320,545
93$15,992,746$997,020$0$11,277,275
94$17,542,375$964,243$0$12,340,522
95$19,247,494$927,288$0$13,517,400
96$21,123,883$885,869$0$14,812,378
97$23,188,928$839,685$0$16,237,471
98$25,461,785$788,416$0$17,805,922
99$27,963,562$731,724$0$19,532,326
100$30,717,518$669,251$0$21,432,764