Can I retire at age 59 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$70,935$70,304$69,687$69,085$68,498$67,060
2 years$35,117$34,463$33,829$33,214$32,618$31,176
3 years$23,178$22,522$21,889$21,281$20,694$19,293
4 years$17,211$16,556$15,930$15,331$14,759$13,410
5 years$13,631$12,980$12,362$11,776$11,220$9,926
6 years$11,245$10,599$9,991$9,417$8,878$7,641
7 years$9,542$8,901$8,302$7,743$7,220$6,041
8 years$8,265$7,630$7,041$6,495$5,990$4,867
9 years$7,272$6,643$6,064$5,532$5,044$3,978
10 years$6,478$5,856$5,287$4,769$4,298$3,287
11 years$5,829$5,213$4,655$4,150$3,696$2,739
12 years$5,289$4,679$4,131$3,640$3,203$2,298
13 years$4,832$4,228$3,691$3,214$2,793$1,939
14 years$4,441$3,843$3,316$2,853$2,449$1,643
15 years$4,102$3,511$2,994$2,544$2,156$1,398
16 years$3,806$3,221$2,714$2,278$1,905$1,193
17 years$3,545$2,967$2,470$2,047$1,689$1,021
18 years$3,313$2,741$2,255$1,845$1,502$875
19 years$3,106$2,541$2,064$1,667$1,339$752
20 years$2,919$2,361$1,894$1,510$1,196$647
21 years$2,751$2,199$1,742$1,370$1,070$557
22 years$2,598$2,053$1,606$1,246$959$481
23 years$2,459$1,920$1,483$1,135$861$415
24 years$2,332$1,799$1,371$1,035$774$359
25 years$2,215$1,688$1,270$945$696$310
26 years$2,107$1,587$1,178$864$627$268
27 years$2,007$1,493$1,094$791$566$232
28 years$1,915$1,407$1,017$725$510$201
29 years$1,829$1,327$946$665$461$174
30 years$1,749$1,254$881$610$416$151
31 years$1,674$1,185$822$560$376$131
32 years$1,604$1,121$767$515$341$114
33 years$1,538$1,062$716$473$308$99
34 years$1,477$1,006$669$436$279$86
35 years$1,419$955$625$401$253$74
36 years$1,364$906$585$369$229$64
37 years$1,313$860$548$340$208$56
38 years$1,264$818$513$314$188$49
39 years$1,218$778$480$289$171$42
40 years$1,174$740$450$267$155$37
41 years$1,133$704$422$246$140$32
42 years$1,094$671$396$227$127$28
43 years$1,056$639$372$210$116$24
44 years$1,021$609$349$194$105$21
45 years$987$581$328$179$95$18
46 years$954$554$308$165$87$16
47 years$923$529$289$153$79$14
48 years$894$505$272$141$71$12
49 years$866$482$255$130$65$10
50 years$839$461$240$120$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $859,000, adding $6,888 every year, while hoping to spend $42,647 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: 76/13/11 Blend
58$859,000$859,000$859,000$859,000
59$953,723$908,196$894,881$1,023,725
60$1,005,627$907,321$879,484$1,069,922
61$1,061,395$904,975$862,141$1,114,463
62$1,121,378$901,039$842,743$1,162,086
63$1,185,958$895,389$821,174$1,213,084
64$1,255,556$887,894$797,314$1,267,777
65$1,330,635$878,413$771,037$1,326,518
66$1,411,703$866,799$742,210$1,389,700
67$1,499,319$852,894$710,696$1,457,751
68$1,594,095$836,531$676,350$1,531,148
69$1,696,707$817,535$639,022$1,610,414
70$1,807,895$795,719$598,554$1,696,126
71$1,928,476$770,885$554,780$1,788,922
72$2,059,346$742,823$507,530$1,889,506
73$2,201,490$711,312$456,624$1,998,652
74$2,355,994$676,118$401,873$2,117,215
75$2,524,050$636,994$343,081$2,246,140
76$2,706,973$593,676$280,043$2,386,467
77$2,906,206$545,888$212,546$2,539,344
78$3,123,339$493,336$140,367$2,706,037
79$3,360,122$435,712$63,271$2,887,943
80$3,618,479$372,687$0$3,086,603
81$3,900,532$303,916$0$3,305,946
82$4,208,612$229,034$0$3,553,686
83$4,545,289$147,655$0$3,824,488
84$4,913,390$59,371$0$4,120,665
85$5,316,028$0$0$4,444,764
86$5,756,632$0$0$4,804,781
87$6,238,975$0$0$5,208,234
88$6,767,216$0$0$5,650,109
89$7,345,931$0$0$6,134,241
90$7,980,162$0$0$6,664,851
91$8,675,459$0$0$7,246,588
92$9,437,939$0$0$7,884,572
93$10,274,335$0$0$8,584,444
94$11,192,067$0$0$9,352,416
95$12,199,304$0$0$10,195,331
96$13,305,047$0$0$11,120,725
97$14,519,210$0$0$12,136,902
98$15,852,715$0$0$13,253,007
99$17,317,592$0$0$14,479,117
100$18,927,097$0$0$15,826,330