Can I retire at age 59 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$71,266$70,631$70,012$69,407$68,817$66,936
2 years$35,280$34,623$33,986$33,369$32,770$30,889
3 years$23,286$22,627$21,991$21,380$20,791$18,968
4 years$17,291$16,633$16,004$15,403$14,828$13,078
5 years$13,694$13,040$12,420$11,831$11,272$9,599
6 years$11,297$10,648$10,037$9,461$8,919$7,325
7 years$9,586$8,943$8,341$7,779$7,254$5,739
8 years$8,303$7,665$7,074$6,525$6,018$4,581
9 years$7,306$6,674$6,093$5,558$5,068$3,708
10 years$6,508$5,883$5,312$4,791$4,318$3,033
11 years$5,856$5,237$4,676$4,170$3,714$2,502
12 years$5,314$4,701$4,150$3,657$3,218$2,078
13 years$4,855$4,248$3,708$3,229$2,806$1,734
14 years$4,461$3,861$3,331$2,866$2,460$1,454
15 years$4,121$3,527$3,008$2,556$2,166$1,223
16 years$3,823$3,236$2,727$2,289$1,914$1,032
17 years$3,561$2,981$2,482$2,056$1,697$873
18 years$3,328$2,754$2,265$1,853$1,509$739
19 years$3,120$2,553$2,074$1,675$1,345$628
20 years$2,933$2,372$1,903$1,517$1,202$534
21 years$2,764$2,209$1,751$1,376$1,075$454
22 years$2,611$2,062$1,613$1,252$964$387
23 years$2,471$1,929$1,490$1,140$865$330
24 years$2,343$1,807$1,378$1,040$778$281
25 years$2,225$1,696$1,276$949$700$240
26 years$2,117$1,594$1,184$868$630$205
27 years$2,016$1,500$1,099$795$568$175
28 years$1,923$1,414$1,022$728$513$150
29 years$1,837$1,334$951$668$463$128
30 years$1,757$1,259$886$613$418$110
31 years$1,682$1,191$826$563$378$94
32 years$1,611$1,126$770$517$342$80
33 years$1,546$1,067$719$476$310$69
34 years$1,484$1,011$672$438$280$59
35 years$1,425$959$628$403$254$50
36 years$1,371$910$588$371$230$43
37 years$1,319$864$550$342$209$37
38 years$1,270$822$515$315$189$32
39 years$1,224$781$483$290$171$27
40 years$1,180$743$452$268$155$23
41 years$1,138$708$424$247$141$20
42 years$1,099$674$398$228$128$17
43 years$1,061$642$373$211$116$15
44 years$1,025$612$350$194$105$13
45 years$991$584$329$180$96$11
46 years$959$557$309$166$87$9
47 years$928$531$290$153$79$8
48 years$898$507$273$142$72$7
49 years$870$484$256$131$65$6
50 years$843$463$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $863,000, adding $4,203 every year, while hoping to spend $53,647 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: 71/6/23 Blend
58$863,000$863,000$863,000$863,000
59$955,361$909,622$896,246$1,017,428
60$995,728$897,114$869,190$1,046,894
61$1,038,415$882,194$839,430$1,072,429
62$1,083,600$864,689$806,818$1,099,083
63$1,131,482$844,413$771,201$1,126,963
64$1,182,274$821,171$732,417$1,156,186
65$1,236,211$794,753$690,298$1,186,882
66$1,293,550$764,942$644,669$1,219,197
67$1,354,572$731,504$595,346$1,253,293
68$1,419,585$694,194$542,136$1,289,349
69$1,488,924$652,751$484,839$1,327,565
70$1,562,959$606,901$423,246$1,368,162
71$1,642,094$556,352$357,138$1,411,386
72$1,726,772$500,797$286,286$1,457,511
73$1,817,478$439,911$210,451$1,506,840
74$1,914,745$373,351$129,386$1,559,708
75$2,019,157$300,754$42,829$1,616,489
76$2,131,357$221,737$0$1,677,596
77$2,252,048$135,894$0$1,755,645
78$2,382,002$42,799$0$1,850,994
79$2,522,071$0$0$1,953,756
80$2,673,184$0$0$2,068,459
81$2,836,368$0$0$2,195,410
82$3,012,748$0$0$2,332,663
83$3,203,562$0$0$2,481,186
84$3,410,170$0$0$2,642,041
85$3,634,066$0$0$2,816,399
86$3,876,896$0$0$3,005,544
87$4,140,467$0$0$3,210,891
88$4,426,768$0$0$3,433,995
89$4,737,988$0$0$3,676,567
90$5,076,531$0$0$3,940,489
91$5,445,048$0$0$4,227,832
92$5,846,450$0$0$4,540,874
93$6,283,945$0$0$4,882,123
94$6,761,061$0$0$5,254,339
95$7,281,681$0$0$5,660,560
96$7,850,081$0$0$6,104,129
97$8,470,966$0$0$6,588,727
98$9,149,517$0$0$7,118,407
99$9,891,437$0$0$7,697,629
100$10,703,007$0$0$8,331,306