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%18.6%
1 years$71,018$70,385$69,768$69,166$68,578$66,197
2 years$35,157$34,503$33,868$33,253$32,656$30,282
3 years$23,205$22,548$21,915$21,305$20,718$18,426
4 years$17,231$16,575$15,948$15,349$14,776$12,583
5 years$13,647$12,995$12,377$11,790$11,233$9,144
6 years$11,258$10,611$10,002$9,428$8,888$6,906
7 years$9,553$8,911$8,312$7,752$7,228$5,352
8 years$8,274$7,639$7,049$6,503$5,997$4,225
9 years$7,280$6,651$6,071$5,539$5,050$3,380
10 years$6,486$5,862$5,293$4,774$4,303$2,732
11 years$5,836$5,219$4,660$4,155$3,701$2,226
12 years$5,295$4,684$4,136$3,645$3,207$1,825
13 years$4,838$4,233$3,695$3,218$2,796$1,504
14 years$4,446$3,848$3,320$2,856$2,451$1,244
15 years$4,107$3,515$2,997$2,547$2,158$1,033
16 years$3,810$3,225$2,718$2,281$1,908$860
17 years$3,549$2,970$2,473$2,049$1,691$717
18 years$3,317$2,745$2,257$1,847$1,504$599
19 years$3,109$2,544$2,067$1,669$1,340$501
20 years$2,923$2,364$1,897$1,511$1,197$420
21 years$2,754$2,202$1,745$1,372$1,071$352
22 years$2,601$2,055$1,608$1,247$960$296
23 years$2,462$1,922$1,485$1,136$862$248
24 years$2,334$1,801$1,373$1,036$775$209
25 years$2,217$1,690$1,272$946$697$176
26 years$2,109$1,588$1,179$865$628$148
27 years$2,009$1,495$1,095$792$566$124
28 years$1,917$1,409$1,018$725$511$105
29 years$1,831$1,329$947$665$461$88
30 years$1,751$1,255$882$611$417$74
31 years$1,676$1,186$823$561$377$63
32 years$1,606$1,123$768$515$341$53
33 years$1,540$1,063$717$474$309$44
34 years$1,479$1,008$670$436$279$37
35 years$1,421$956$626$401$253$32
36 years$1,366$907$586$370$229$27
37 years$1,314$861$548$341$208$22
38 years$1,266$819$513$314$188$19
39 years$1,219$779$481$289$171$16
40 years$1,176$741$451$267$155$13
41 years$1,134$705$423$246$141$11
42 years$1,095$671$397$227$128$10
43 years$1,057$640$372$210$116$8
44 years$1,022$610$349$194$105$7
45 years$988$582$328$179$95$6
46 years$955$555$308$165$87$5
47 years$925$529$289$153$79$4
48 years$895$505$272$141$71$3
49 years$867$483$256$130$65$3
50 years$840$461$240$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $860,000, adding $4,218 every year, while hoping to spend $43,472 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: 67/9/24 Blend
58$860,000$860,000$860,000$860,000
59$952,071$906,491$893,161$1,009,722
60$1,002,928$904,655$876,828$1,047,136
61$1,057,516$901,272$858,491$1,082,690
62$1,116,169$896,221$838,036$1,120,567
63$1,179,254$889,372$815,347$1,160,996
64$1,247,175$880,588$790,298$1,204,231
65$1,320,374$869,724$762,760$1,250,555
66$1,399,339$856,627$732,599$1,300,277
67$1,484,602$841,133$699,672$1,353,742
68$1,576,753$823,069$663,832$1,411,331
69$1,676,435$802,253$624,924$1,473,466
70$1,784,359$778,491$582,786$1,540,611
71$1,901,304$751,577$537,250$1,613,281
72$2,028,128$721,296$488,139$1,692,046
73$2,165,775$687,417$435,269$1,777,534
74$2,315,281$649,697$378,448$1,870,441
75$2,477,787$607,880$317,473$1,971,536
76$2,654,549$561,694$252,136$2,081,667
77$2,846,947$510,851$182,217$2,201,773
78$3,056,502$455,049$107,488$2,332,891
79$3,284,885$393,966$27,708$2,476,165
80$3,533,936$327,263$0$2,632,862
81$3,805,682$254,583$0$2,819,084
82$4,102,351$175,547$0$3,030,198
83$4,426,397$89,756$0$3,260,873
84$4,780,523$0$0$3,513,064
85$5,167,703$0$0$3,789,242
86$5,591,212$0$0$4,101,108
87$6,054,655$0$0$4,442,433
88$6,562,003$0$0$4,816,147
89$7,117,628$0$0$5,225,479
90$7,726,346$0$0$5,673,983
91$8,393,459$0$0$6,165,572
92$9,124,806$0$0$6,704,558
93$9,926,820$0$0$7,295,689
94$10,806,585$0$0$7,944,193
95$11,771,904$0$0$8,655,833
96$12,831,371$0$0$9,436,951
97$13,994,454$0$0$10,294,537
98$15,271,582$0$0$11,236,291
99$16,674,242$0$0$12,270,691
100$18,215,089$0$0$13,407,083