Can I retire at age 59 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$71,018$70,385$69,768$69,166$68,578$66,893
2 years$35,157$34,503$33,868$33,253$32,656$30,969
3 years$23,205$22,548$21,915$21,305$20,718$19,082
4 years$17,231$16,575$15,948$15,349$14,776$13,203
5 years$13,647$12,995$12,377$11,790$11,233$9,727
6 years$11,258$10,611$10,002$9,428$8,888$7,451
7 years$9,553$8,911$8,312$7,752$7,228$5,861
8 years$8,274$7,639$7,049$6,503$5,997$4,697
9 years$7,280$6,651$6,071$5,539$5,050$3,818
10 years$6,486$5,862$5,293$4,774$4,303$3,137
11 years$5,836$5,219$4,660$4,155$3,701$2,599
12 years$5,295$4,684$4,136$3,645$3,207$2,168
13 years$4,838$4,233$3,695$3,218$2,796$1,818
14 years$4,446$3,848$3,320$2,856$2,451$1,532
15 years$4,107$3,515$2,997$2,547$2,158$1,295
16 years$3,810$3,225$2,718$2,281$1,908$1,098
17 years$3,549$2,970$2,473$2,049$1,691$933
18 years$3,317$2,745$2,257$1,847$1,504$795
19 years$3,109$2,544$2,067$1,669$1,340$678
20 years$2,923$2,364$1,897$1,511$1,197$580
21 years$2,754$2,202$1,745$1,372$1,071$496
22 years$2,601$2,055$1,608$1,247$960$425
23 years$2,462$1,922$1,485$1,136$862$364
24 years$2,334$1,801$1,373$1,036$775$313
25 years$2,217$1,690$1,272$946$697$268
26 years$2,109$1,588$1,179$865$628$231
27 years$2,009$1,495$1,095$792$566$198
28 years$1,917$1,409$1,018$725$511$170
29 years$1,831$1,329$947$665$461$147
30 years$1,751$1,255$882$611$417$126
31 years$1,676$1,186$823$561$377$109
32 years$1,606$1,123$768$515$341$93
33 years$1,540$1,063$717$474$309$80
34 years$1,479$1,008$670$436$279$69
35 years$1,421$956$626$401$253$60
36 years$1,366$907$586$370$229$51
37 years$1,314$861$548$341$208$44
38 years$1,266$819$513$314$188$38
39 years$1,219$779$481$289$171$33
40 years$1,176$741$451$267$155$28
41 years$1,134$705$423$246$141$24
42 years$1,095$671$397$227$128$21
43 years$1,057$640$372$210$116$18
44 years$1,022$610$349$194$105$16
45 years$988$582$328$179$95$13
46 years$955$555$308$165$87$12
47 years$925$529$289$153$79$10
48 years$895$505$272$141$71$9
49 years$867$483$256$130$65$7
50 years$840$461$240$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $860,000, adding $4,080 every year, while hoping to spend $32,621 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: 37/38/25 Blend
58$860,000$860,000$860,000$860,000
59$951,929$906,349$893,019$979,889
60$1,014,317$916,051$888,226$1,010,476
61$1,081,975$925,136$882,180$1,040,193
62$1,155,407$933,538$874,803$1,071,651
63$1,235,166$941,188$866,016$1,105,026
64$1,321,860$948,014$855,735$1,140,517
65$1,416,159$953,936$843,872$1,178,342
66$1,518,800$958,872$830,334$1,218,745
67$1,630,594$962,732$815,026$1,261,997
68$1,752,432$965,424$797,847$1,308,397
69$1,885,296$966,846$778,691$1,358,279
70$2,030,267$966,892$757,449$1,412,013
71$2,188,534$965,450$734,003$1,470,009
72$2,361,407$962,399$708,234$1,532,722
73$2,550,327$957,613$680,016$1,600,655
74$2,756,880$950,955$649,216$1,674,370
75$2,982,813$942,284$615,697$1,754,484
76$3,230,051$931,447$579,314$1,841,685
77$3,500,712$918,283$539,916$1,936,734
78$3,797,127$902,622$497,346$2,040,472
79$4,121,866$884,282$451,440$2,153,833
80$4,477,758$863,074$402,024$2,277,850
81$4,867,918$838,792$348,920$2,413,666
82$5,295,777$811,225$291,940$2,562,546
83$5,765,114$780,143$230,889$2,725,889
84$6,280,093$745,307$165,560$2,905,246
85$6,845,298$706,462$95,742$3,102,328
86$7,465,780$663,341$21,211$3,319,031
87$8,147,102$615,657$0$3,557,449
88$8,895,393$563,111$0$3,835,458
89$9,717,405$505,385$0$4,147,110
90$10,620,574$442,143$0$4,489,638
91$11,613,094$373,030$0$4,866,242
92$12,703,992$297,670$0$5,280,451
93$13,903,212$215,669$0$5,736,162
94$15,221,710$126,607$0$6,237,676
95$16,671,556$30,042$0$6,789,736
96$18,266,049$0$0$7,397,578
97$20,019,842$0$0$8,098,130
98$21,949,076$0$0$8,882,716
99$24,071,540$0$0$9,746,025
100$26,406,831$0$0$10,696,046