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%15.8%
1 years$70,688$70,058$69,444$68,844$68,259$66,636
2 years$34,994$34,342$33,711$33,098$32,504$30,878
3 years$23,098$22,443$21,813$21,206$20,622$19,044
4 years$17,151$16,498$15,874$15,278$14,708$13,190
5 years$13,583$12,935$12,319$11,735$11,181$9,728
6 years$11,206$10,562$9,956$9,385$8,847$7,460
7 years$9,508$8,870$8,273$7,716$7,195$5,874
8 years$8,236$7,603$7,016$6,472$5,969$4,714
9 years$7,247$6,620$6,043$5,513$5,027$3,836
10 years$6,456$5,835$5,269$4,752$4,283$3,156
11 years$5,809$5,195$4,638$4,136$3,683$2,618
12 years$5,270$4,663$4,116$3,628$3,192$2,187
13 years$4,815$4,214$3,678$3,203$2,783$1,836
14 years$4,425$3,830$3,304$2,843$2,440$1,549
15 years$4,088$3,499$2,983$2,535$2,148$1,311
16 years$3,792$3,210$2,705$2,270$1,899$1,113
17 years$3,532$2,956$2,461$2,040$1,684$948
18 years$3,301$2,732$2,247$1,838$1,497$809
19 years$3,095$2,532$2,057$1,661$1,334$691
20 years$2,909$2,353$1,888$1,504$1,192$591
21 years$2,742$2,191$1,736$1,365$1,066$507
22 years$2,589$2,046$1,600$1,241$956$435
23 years$2,451$1,913$1,478$1,131$858$373
24 years$2,324$1,793$1,367$1,031$771$321
25 years$2,207$1,682$1,266$942$694$276
26 years$2,099$1,581$1,174$861$625$237
27 years$2,000$1,488$1,090$788$564$204
28 years$1,908$1,402$1,013$722$509$176
29 years$1,822$1,323$943$662$459$152
30 years$1,742$1,249$878$608$415$131
31 years$1,668$1,181$819$558$375$113
32 years$1,598$1,117$764$513$339$97
33 years$1,533$1,058$713$472$307$84
34 years$1,472$1,003$667$434$278$72
35 years$1,414$951$623$400$252$62
36 years$1,360$903$583$368$228$54
37 years$1,308$857$546$339$207$46
38 years$1,260$815$511$312$188$40
39 years$1,214$775$479$288$170$35
40 years$1,170$737$449$266$154$30
41 years$1,129$702$421$245$140$26
42 years$1,090$668$395$226$127$22
43 years$1,053$637$370$209$115$19
44 years$1,017$607$348$193$105$17
45 years$983$579$326$178$95$14
46 years$951$552$307$165$86$12
47 years$920$527$288$152$78$11
48 years$891$503$271$140$71$9
49 years$863$480$254$130$65$8
50 years$836$459$239$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $856,000, adding $2,969 every year, while hoping to spend $49,477 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: 57/27/16 Blend
58$856,000$856,000$856,000$856,000
59$946,375$901,007$887,739$996,209
60$990,262$892,513$864,835$1,021,858
61$1,036,967$881,944$839,505$1,044,141
62$1,086,726$869,148$811,617$1,067,291
63$1,139,795$853,960$781,030$1,091,402
64$1,196,458$836,208$747,598$1,116,578
65$1,257,023$815,708$711,169$1,142,935
66$1,321,830$792,268$671,583$1,170,607
67$1,391,249$765,682$628,674$1,199,740
68$1,465,689$735,733$582,267$1,230,500
69$1,545,596$702,191$532,180$1,263,073
70$1,631,462$664,813$478,223$1,297,669
71$1,723,825$623,342$420,197$1,334,518
72$1,823,276$577,507$357,895$1,373,882
73$1,930,466$527,021$291,099$1,416,052
74$2,046,107$471,578$219,585$1,461,353
75$2,170,984$410,859$143,115$1,510,147
76$2,305,957$344,524$61,442$1,562,838
77$2,451,974$272,216$0$1,619,878
78$2,610,075$193,554$0$1,686,159
79$2,781,405$108,140$0$1,769,330
80$2,967,221$15,552$0$1,859,559
81$3,168,907$0$0$1,957,591
82$3,387,984$0$0$2,089,399
83$3,626,126$0$0$2,237,765
84$3,885,175$0$0$2,399,226
85$4,167,156$0$0$2,575,051
86$4,474,298$0$0$2,766,640
87$4,809,055$0$0$2,975,533
88$5,174,126$0$0$3,203,424
89$5,572,482$0$0$3,452,178
90$6,007,394$0$0$3,723,848
91$6,482,463$0$0$4,020,695
92$7,001,652$0$0$4,345,205
93$7,569,324$0$0$4,700,119
94$8,190,284$0$0$5,088,453
95$8,869,822$0$0$5,513,528
96$9,613,763$0$0$5,979,001
97$10,428,522$0$0$6,488,900
98$11,321,161$0$0$7,047,660
99$12,299,461$0$0$7,660,166
100$13,371,990$0$0$8,331,797