Can I retire at age 59 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$70,770$70,140$69,525$68,925$68,338$66,098
2 years$35,035$34,382$33,750$33,137$32,542$30,306
3 years$23,125$22,469$21,838$21,231$20,646$18,485
4 years$17,171$16,517$15,893$15,296$14,725$12,655
5 years$13,599$12,950$12,333$11,749$11,194$9,221
6 years$11,219$10,574$9,967$9,395$8,857$6,983
7 years$9,519$8,880$8,283$7,725$7,203$5,427
8 years$8,245$7,612$7,025$6,480$5,976$4,297
9 years$7,255$6,628$6,050$5,519$5,032$3,448
10 years$6,463$5,842$5,275$4,758$4,288$2,796
11 years$5,816$5,201$4,644$4,141$3,688$2,286
12 years$5,277$4,668$4,121$3,632$3,196$1,880
13 years$4,821$4,218$3,682$3,206$2,787$1,555
14 years$4,430$3,834$3,308$2,846$2,443$1,291
15 years$4,092$3,503$2,987$2,538$2,151$1,075
16 years$3,797$3,214$2,708$2,273$1,901$898
17 years$3,536$2,960$2,464$2,042$1,686$752
18 years$3,305$2,735$2,250$1,840$1,499$630
19 years$3,098$2,535$2,059$1,663$1,336$530
20 years$2,913$2,355$1,890$1,506$1,193$445
21 years$2,745$2,194$1,738$1,367$1,068$375
22 years$2,592$2,048$1,602$1,243$957$316
23 years$2,453$1,915$1,479$1,132$859$266
24 years$2,326$1,795$1,368$1,032$772$225
25 years$2,209$1,684$1,267$943$695$190
26 years$2,102$1,583$1,175$862$626$160
27 years$2,002$1,490$1,091$789$564$136
28 years$1,910$1,404$1,015$723$509$115
29 years$1,824$1,324$944$663$460$97
30 years$1,744$1,251$879$608$415$82
31 years$1,670$1,182$820$559$376$69
32 years$1,600$1,119$765$514$340$59
33 years$1,535$1,059$714$472$307$50
34 years$1,473$1,004$667$435$278$42
35 years$1,416$952$624$400$252$36
36 years$1,361$904$584$368$228$30
37 years$1,310$858$546$339$207$25
38 years$1,261$816$512$313$188$22
39 years$1,215$776$479$288$170$18
40 years$1,172$738$449$266$154$15
41 years$1,130$703$421$245$140$13
42 years$1,091$669$395$227$127$11
43 years$1,054$638$371$209$115$9
44 years$1,018$608$348$193$105$8
45 years$984$580$327$178$95$7
46 years$952$553$307$165$86$6
47 years$921$528$288$152$78$5
48 years$892$504$271$141$71$4
49 years$864$481$255$130$65$3
50 years$837$459$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $857,000, adding $6,507 every year, while hoping to spend $38,078 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: 79/8/13 Blend
58$857,000$857,000$857,000$857,000
59$951,126$905,705$892,421$1,023,343
60$1,007,626$909,570$881,803$1,075,625
61$1,068,613$912,348$869,552$1,127,419
62$1,134,504$913,946$855,575$1,183,156
63$1,205,759$914,264$839,772$1,243,213
64$1,282,880$913,197$822,038$1,308,006
65$1,366,423$910,633$802,266$1,377,993
66$1,456,997$906,453$780,341$1,453,681
67$1,555,273$900,531$756,144$1,535,627
68$1,661,987$892,733$729,551$1,624,443
69$1,777,950$882,918$700,432$1,720,808
70$1,904,055$870,934$668,650$1,825,466
71$2,041,282$856,623$634,063$1,939,240
72$2,190,710$839,816$596,522$2,063,035
73$2,353,529$820,333$555,872$2,197,850
74$2,531,046$797,986$511,950$2,344,785
75$2,724,699$772,574$464,587$2,505,055
76$2,936,073$743,884$413,605$2,679,996
77$3,166,910$711,693$358,818$2,871,082
78$3,419,131$675,761$300,035$3,079,939
79$3,694,848$635,839$237,051$3,308,358
80$3,996,387$591,660$169,658$3,558,315
81$4,326,310$542,943$97,633$3,831,985
82$4,687,438$489,392$20,748$4,131,769
83$5,082,876$430,691$0$4,460,313
84$5,516,044$366,510$0$4,829,034
85$5,990,708$296,497$0$5,236,270
86$6,511,018$220,282$0$5,682,719
87$7,081,540$137,475$0$6,172,325
88$7,707,308$47,661$0$6,709,435
89$8,393,862$0$0$7,298,835
90$9,147,308$0$0$7,950,168
91$9,974,369$0$0$8,669,772
92$10,882,453$0$0$9,459,900
93$11,879,718$0$0$10,327,653
94$12,975,153$0$0$11,280,857
95$14,178,658$0$0$12,328,131
96$15,501,143$0$0$13,478,971
97$16,954,623$0$0$14,743,837
98$18,552,338$0$0$16,134,256
99$20,308,873$0$0$17,662,923
100$22,240,296$0$0$19,343,827