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%13.8%
1 years$70,935$70,304$69,687$69,085$68,498$67,419
2 years$35,117$34,463$33,829$33,214$32,618$31,533
3 years$23,178$22,522$21,889$21,281$20,694$19,638
4 years$17,211$16,556$15,930$15,331$14,759$13,740
5 years$13,631$12,980$12,362$11,776$11,220$10,240
6 years$11,245$10,599$9,991$9,417$8,878$7,939
7 years$9,542$8,901$8,302$7,743$7,220$6,322
8 years$8,265$7,630$7,041$6,495$5,990$5,132
9 years$7,272$6,643$6,064$5,532$5,044$4,227
10 years$6,478$5,856$5,287$4,769$4,298$3,521
11 years$5,829$5,213$4,655$4,150$3,696$2,958
12 years$5,289$4,679$4,131$3,640$3,203$2,503
13 years$4,832$4,228$3,691$3,214$2,793$2,130
14 years$4,441$3,843$3,316$2,853$2,449$1,821
15 years$4,102$3,511$2,994$2,544$2,156$1,563
16 years$3,806$3,221$2,714$2,278$1,905$1,346
17 years$3,545$2,967$2,470$2,047$1,689$1,162
18 years$3,313$2,741$2,255$1,845$1,502$1,006
19 years$3,106$2,541$2,064$1,667$1,339$873
20 years$2,919$2,361$1,894$1,510$1,196$758
21 years$2,751$2,199$1,742$1,370$1,070$660
22 years$2,598$2,053$1,606$1,246$959$575
23 years$2,459$1,920$1,483$1,135$861$501
24 years$2,332$1,799$1,371$1,035$774$438
25 years$2,215$1,688$1,270$945$696$382
26 years$2,107$1,587$1,178$864$627$334
27 years$2,007$1,493$1,094$791$566$293
28 years$1,915$1,407$1,017$725$510$256
29 years$1,829$1,327$946$665$461$224
30 years$1,749$1,254$881$610$416$197
31 years$1,674$1,185$822$560$376$172
32 years$1,604$1,121$767$515$341$151
33 years$1,538$1,062$716$473$308$132
34 years$1,477$1,006$669$436$279$116
35 years$1,419$955$625$401$253$102
36 years$1,364$906$585$369$229$89
37 years$1,313$860$548$340$208$79
38 years$1,264$818$513$314$188$69
39 years$1,218$778$480$289$171$61
40 years$1,174$740$450$267$155$53
41 years$1,133$704$422$246$140$47
42 years$1,094$671$396$227$127$41
43 years$1,056$639$372$210$116$36
44 years$1,021$609$349$194$105$32
45 years$987$581$328$179$95$28
46 years$954$554$308$165$87$24
47 years$923$529$289$153$79$21
48 years$894$505$272$141$71$19
49 years$866$482$255$130$65$17
50 years$839$461$240$120$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $859,000, adding $6,363 every year, while hoping to spend $46,976 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: 51/22/27 Blend
58$859,000$859,000$859,000$859,000
59$953,181$907,654$894,340$994,265
60$1,000,424$902,147$874,318$1,018,021
61$1,050,911$894,796$852,051$1,038,599
62$1,104,923$885,461$827,414$1,060,042
63$1,162,769$873,992$800,277$1,082,454
64$1,224,788$860,234$770,503$1,105,950
65$1,291,350$844,020$737,948$1,130,662
66$1,362,863$825,172$702,465$1,156,734
67$1,439,774$803,504$663,897$1,184,333
68$1,522,574$778,819$622,080$1,213,643
69$1,611,802$750,906$576,844$1,244,871
70$1,708,049$719,544$528,012$1,278,250
71$1,811,966$684,498$475,397$1,314,038
72$1,924,269$645,521$418,805$1,352,527
73$2,045,742$602,349$358,033$1,394,040
74$2,177,250$554,705$292,869$1,438,940
75$2,319,740$502,297$223,091$1,487,631
76$2,474,258$444,814$148,468$1,540,564
77$2,641,950$381,927$68,760$1,598,241
78$2,824,079$313,292$0$1,661,222
79$3,022,034$238,542$0$1,734,825
80$3,237,342$157,292$0$1,836,494
81$3,471,684$69,132$0$1,947,247
82$3,726,910$0$0$2,068,023
83$4,005,053$0$0$2,206,245
84$4,308,354$0$0$2,375,299
85$4,639,277$0$0$2,559,833
86$5,000,535$0$0$2,761,370
87$5,395,116$0$0$2,981,588
88$5,826,307$0$0$3,222,332
89$6,297,727$0$0$3,485,637
90$6,813,361$0$0$3,773,739
91$7,377,598$0$0$4,089,103
92$7,995,270$0$0$4,434,443
93$8,671,696$0$0$4,812,748
94$9,412,737$0$0$5,227,308
95$10,224,845$0$0$5,681,750
96$11,115,125$0$0$6,180,063
97$12,091,406$0$0$6,726,647
98$13,162,307$0$0$7,326,342
99$14,337,324$0$0$7,984,484
100$15,626,915$0$0$8,706,949