Can I retire at age 59 with 861,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$71,101$70,467$69,849$69,246$68,657$66,998
2 years$35,198$34,543$33,907$33,291$32,694$31,032
3 years$23,232$22,574$21,940$21,330$20,742$19,130
4 years$17,251$16,594$15,967$15,367$14,794$13,243
5 years$13,663$13,010$12,391$11,803$11,246$9,761
6 years$11,271$10,624$10,014$9,439$8,898$7,482
7 years$9,564$8,922$8,322$7,761$7,237$5,888
8 years$8,284$7,648$7,057$6,510$6,004$4,722
9 years$7,289$6,659$6,078$5,545$5,056$3,841
10 years$6,493$5,869$5,299$4,780$4,308$3,158
11 years$5,843$5,225$4,665$4,160$3,705$2,618
12 years$5,301$4,690$4,140$3,649$3,211$2,185
13 years$4,843$4,238$3,699$3,221$2,800$1,834
14 years$4,451$3,852$3,324$2,860$2,454$1,546
15 years$4,111$3,519$3,001$2,550$2,161$1,308
16 years$3,815$3,229$2,721$2,284$1,910$1,110
17 years$3,553$2,974$2,476$2,052$1,693$944
18 years$3,321$2,748$2,260$1,849$1,506$805
19 years$3,113$2,547$2,069$1,671$1,342$687
20 years$2,926$2,366$1,899$1,513$1,199$588
21 years$2,758$2,204$1,747$1,373$1,073$503
22 years$2,605$2,058$1,610$1,249$962$431
23 years$2,465$1,924$1,486$1,137$863$370
24 years$2,337$1,803$1,375$1,037$776$318
25 years$2,220$1,692$1,273$947$698$273
26 years$2,112$1,590$1,181$866$629$235
27 years$2,012$1,497$1,096$793$567$202
28 years$1,919$1,410$1,019$726$512$174
29 years$1,833$1,330$949$666$462$150
30 years$1,753$1,256$884$611$417$129
31 years$1,678$1,188$824$561$377$111
32 years$1,608$1,124$769$516$341$96
33 years$1,542$1,064$718$474$309$82
34 years$1,480$1,009$670$437$280$71
35 years$1,422$957$627$402$253$61
36 years$1,367$908$586$370$230$53
37 years$1,316$862$549$341$208$46
38 years$1,267$820$514$314$189$39
39 years$1,221$779$482$290$171$34
40 years$1,177$742$451$267$155$29
41 years$1,136$706$423$247$141$25
42 years$1,096$672$397$228$128$22
43 years$1,059$641$373$210$116$19
44 years$1,023$611$350$194$105$16
45 years$989$582$328$179$96$14
46 years$957$555$308$165$87$12
47 years$926$530$290$153$79$10
48 years$896$506$272$141$72$9
49 years$868$483$256$131$65$8
50 years$841$462$241$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $861,000, adding $2,947 every year, while hoping to spend $30,031 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: 28/45/27 Blend
58$861,000$861,000$861,000$861,000
59$951,862$906,229$892,883$970,465
60$1,016,999$918,681$890,842$997,960
61$1,087,774$930,737$887,726$1,024,680
62$1,164,729$942,346$883,467$1,052,779
63$1,248,463$953,453$877,995$1,082,395
64$1,339,633$963,999$871,235$1,113,685
65$1,438,963$973,922$863,109$1,146,819
66$1,547,250$983,157$853,535$1,181,989
67$1,665,369$991,631$842,428$1,219,409
68$1,794,286$999,270$829,699$1,259,317
69$1,935,062$1,005,994$815,253$1,301,974
70$2,088,867$1,011,716$798,993$1,347,676
71$2,256,988$1,016,346$780,815$1,396,746
72$2,440,841$1,019,788$760,613$1,449,548
73$2,641,987$1,021,937$738,274$1,506,481
74$2,862,144$1,022,686$713,680$1,567,993
75$3,103,202$1,021,918$686,708$1,634,578
76$3,367,246$1,019,509$657,230$1,706,784
77$3,656,569$1,015,329$625,111$1,785,221
78$3,973,698$1,009,239$590,211$1,870,563
79$4,321,415$1,001,092$552,383$1,963,557
80$4,702,785$990,731$511,474$2,065,034
81$5,121,183$977,990$467,322$2,175,913
82$5,580,327$962,695$419,761$2,297,209
83$6,084,313$944,659$368,615$2,430,052
84$6,637,651$923,686$313,701$2,575,689
85$7,245,310$899,566$254,829$2,735,501
86$7,912,766$872,078$191,800$2,911,017
87$8,646,047$840,989$124,405$3,103,931
88$9,451,798$806,052$52,426$3,316,115
89$10,337,337$767,004$0$3,549,640
90$11,310,726$723,568$0$3,813,823
91$12,380,850$675,452$0$4,120,748
92$13,557,493$622,346$0$4,458,166
93$14,851,439$563,923$0$4,829,252
94$16,274,566$499,835$0$5,237,505
95$17,839,963$429,718$0$5,686,791
96$19,562,050$353,186$0$6,181,377
97$21,456,716$269,829$0$6,725,972
98$23,541,467$179,216$0$7,325,774
99$25,835,592$80,893$0$7,986,518
100$28,360,344$0$0$8,714,535