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%11.6%
1 years$70,770$70,140$69,525$68,925$68,338$67,879
2 years$35,035$34,382$33,750$33,137$32,542$32,079
3 years$23,125$22,469$21,838$21,231$20,646$20,193
4 years$17,171$16,517$15,893$15,296$14,725$14,286
5 years$13,599$12,950$12,333$11,749$11,194$10,770
6 years$11,219$10,574$9,967$9,395$8,857$8,449
7 years$9,519$8,880$8,283$7,725$7,203$6,811
8 years$8,245$7,612$7,025$6,480$5,976$5,600
9 years$7,255$6,628$6,050$5,519$5,032$4,672
10 years$6,463$5,842$5,275$4,758$4,288$3,944
11 years$5,816$5,201$4,644$4,141$3,688$3,359
12 years$5,277$4,668$4,121$3,632$3,196$2,882
13 years$4,821$4,218$3,682$3,206$2,787$2,488
14 years$4,430$3,834$3,308$2,846$2,443$2,158
15 years$4,092$3,503$2,987$2,538$2,151$1,880
16 years$3,797$3,214$2,708$2,273$1,901$1,644
17 years$3,536$2,960$2,464$2,042$1,686$1,442
18 years$3,305$2,735$2,250$1,840$1,499$1,268
19 years$3,098$2,535$2,059$1,663$1,336$1,117
20 years$2,913$2,355$1,890$1,506$1,193$987
21 years$2,745$2,194$1,738$1,367$1,068$873
22 years$2,592$2,048$1,602$1,243$957$773
23 years$2,453$1,915$1,479$1,132$859$686
24 years$2,326$1,795$1,368$1,032$772$609
25 years$2,209$1,684$1,267$943$695$541
26 years$2,102$1,583$1,175$862$626$482
27 years$2,002$1,490$1,091$789$564$429
28 years$1,910$1,404$1,015$723$509$382
29 years$1,824$1,324$944$663$460$341
30 years$1,744$1,251$879$608$415$304
31 years$1,670$1,182$820$559$376$271
32 years$1,600$1,119$765$514$340$242
33 years$1,535$1,059$714$472$307$216
34 years$1,473$1,004$667$435$278$193
35 years$1,416$952$624$400$252$173
36 years$1,361$904$584$368$228$154
37 years$1,310$858$546$339$207$138
38 years$1,261$816$512$313$188$124
39 years$1,215$776$479$288$170$110
40 years$1,172$738$449$266$154$99
41 years$1,130$703$421$245$140$88
42 years$1,091$669$395$227$127$79
43 years$1,054$638$371$209$115$71
44 years$1,018$608$348$193$105$63
45 years$984$580$327$178$95$57
46 years$952$553$307$165$86$51
47 years$921$528$288$152$78$46
48 years$892$504$271$141$71$41
49 years$864$481$255$130$65$37
50 years$837$459$239$120$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $857,000, adding $4,355 every year, while hoping to spend $38,894 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: 37/49/14 Blend
58$857,000$857,000$857,000$857,000
59$948,906$903,485$890,202$979,812
60$1,004,312$906,373$878,641$1,005,263
61$1,064,065$908,099$865,389$1,028,683
62$1,128,569$908,565$850,348$1,053,136
63$1,198,264$907,666$833,416$1,078,734
64$1,273,639$905,293$814,487$1,105,604
65$1,355,225$901,328$793,448$1,133,886
66$1,443,612$895,646$770,182$1,163,739
67$1,539,443$888,116$744,566$1,195,340
68$1,643,430$878,597$716,473$1,228,890
69$1,756,353$866,941$685,767$1,264,610
70$1,879,070$852,991$652,310$1,302,750
71$2,012,527$836,580$615,954$1,343,588
72$2,157,763$817,530$576,547$1,387,435
73$2,315,922$795,657$533,929$1,434,639
74$2,488,263$770,760$487,932$1,485,586
75$2,676,169$742,631$438,381$1,540,709
76$2,881,167$711,048$385,095$1,600,488
77$3,104,933$675,777$327,883$1,665,461
78$3,349,315$636,568$266,546$1,736,224
79$3,616,345$593,161$200,875$1,813,440
80$3,908,263$545,276$130,655$1,897,850
81$4,227,532$492,621$55,659$1,990,273
82$4,576,867$434,886$0$2,091,624
83$4,959,255$371,743$0$2,206,558
84$5,377,986$302,845$0$2,341,669
85$5,836,684$227,828$0$2,489,924
86$6,339,338$146,304$0$2,652,750
87$6,890,343$57,865$0$2,831,731
88$7,494,539$0$0$3,028,616
89$8,157,257$0$0$3,265,792
90$8,884,368$0$0$3,560,366
91$9,682,338$0$0$3,883,773
92$10,558,292$0$0$4,238,916
93$11,520,077$0$0$4,628,991
94$12,576,336$0$0$5,057,522
95$13,736,592$0$0$5,528,388
96$15,011,334$0$0$6,045,866
97$16,412,119$0$0$6,614,664
98$17,951,677$0$0$7,239,971
99$19,644,034$0$0$7,927,503
100$21,504,641$0$0$8,683,560