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%12.5%
1 years$71,266$70,631$70,012$69,407$68,817$68,098
2 years$35,280$34,623$33,986$33,369$32,770$32,046
3 years$23,286$22,627$21,991$21,380$20,791$20,084
4 years$17,291$16,633$16,004$15,403$14,828$14,145
5 years$13,694$13,040$12,420$11,831$11,272$10,613
6 years$11,297$10,648$10,037$9,461$8,919$8,286
7 years$9,586$8,943$8,341$7,779$7,254$6,647
8 years$8,303$7,665$7,074$6,525$6,018$5,436
9 years$7,306$6,674$6,093$5,558$5,068$4,512
10 years$6,508$5,883$5,312$4,791$4,318$3,788
11 years$5,856$5,237$4,676$4,170$3,714$3,208
12 years$5,314$4,701$4,150$3,657$3,218$2,737
13 years$4,855$4,248$3,708$3,229$2,806$2,349
14 years$4,461$3,861$3,331$2,866$2,460$2,026
15 years$4,121$3,527$3,008$2,556$2,166$1,754
16 years$3,823$3,236$2,727$2,289$1,914$1,525
17 years$3,561$2,981$2,482$2,056$1,697$1,329
18 years$3,328$2,754$2,265$1,853$1,509$1,161
19 years$3,120$2,553$2,074$1,675$1,345$1,017
20 years$2,933$2,372$1,903$1,517$1,202$892
21 years$2,764$2,209$1,751$1,376$1,075$784
22 years$2,611$2,062$1,613$1,252$964$689
23 years$2,471$1,929$1,490$1,140$865$607
24 years$2,343$1,807$1,378$1,040$778$536
25 years$2,225$1,696$1,276$949$700$473
26 years$2,117$1,594$1,184$868$630$418
27 years$2,016$1,500$1,099$795$568$369
28 years$1,923$1,414$1,022$728$513$327
29 years$1,837$1,334$951$668$463$289
30 years$1,757$1,259$886$613$418$256
31 years$1,682$1,191$826$563$378$227
32 years$1,611$1,126$770$517$342$201
33 years$1,546$1,067$719$476$310$178
34 years$1,484$1,011$672$438$280$158
35 years$1,425$959$628$403$254$140
36 years$1,371$910$588$371$230$124
37 years$1,319$864$550$342$209$110
38 years$1,270$822$515$315$189$98
39 years$1,224$781$483$290$171$87
40 years$1,180$743$452$268$155$77
41 years$1,138$708$424$247$141$69
42 years$1,099$674$398$228$128$61
43 years$1,061$642$373$211$116$54
44 years$1,025$612$350$194$105$48
45 years$991$584$329$180$96$43
46 years$959$557$309$166$87$38
47 years$928$531$290$153$79$34
48 years$898$507$273$142$72$30
49 years$870$484$256$131$65$27
50 years$843$463$241$121$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $863,000, adding $6,988 every year, while hoping to spend $55,081 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: 63/12/25 Blend
58$863,000$863,000$863,000$863,000
59$958,234$912,495$899,119$1,011,872
60$997,368$898,602$870,633$1,035,100
61$1,038,648$882,181$839,348$1,053,754
62$1,082,234$863,052$805,110$1,072,909
63$1,128,302$841,021$767,761$1,092,623
64$1,177,042$815,885$727,134$1,112,959
65$1,228,664$787,427$683,057$1,133,992
66$1,283,396$755,419$635,347$1,155,803
67$1,341,486$719,619$583,816$1,178,486
68$1,403,209$679,771$528,264$1,202,149
69$1,468,860$635,604$468,486$1,226,909
70$1,538,768$586,833$404,264$1,252,902
71$1,613,290$533,155$335,374$1,280,281
72$1,692,815$474,250$261,579$1,309,214
73$1,777,774$409,780$182,634$1,339,895
74$1,868,636$339,388$98,281$1,372,538
75$1,965,916$262,697$8,253$1,407,385
76$2,070,179$179,309$0$1,444,704
77$2,182,045$88,802$0$1,508,226
78$2,302,193$0$0$1,578,733
79$2,431,370$0$0$1,655,703
80$2,570,396$0$0$1,751,205
81$2,720,169$0$0$1,854,137
82$2,881,678$0$0$1,965,184
83$3,056,009$0$0$2,085,098
84$3,244,354$0$0$2,214,707
85$3,448,024$0$0$2,354,919
86$3,668,460$0$0$2,506,733
87$3,907,246$0$0$2,671,248
88$4,166,123$0$0$2,849,672
89$4,447,006$0$0$3,043,333
90$4,752,001$0$0$3,253,691
91$5,083,425$0$0$3,482,354
92$5,443,825$0$0$3,731,090
93$5,836,006$0$0$4,001,843
94$6,263,052$0$0$4,296,753
95$6,728,358$0$0$4,618,176
96$7,235,659$0$0$4,968,704
97$7,789,067$0$0$5,351,189
98$8,393,106$0$0$5,768,771
99$9,052,758$0$0$6,224,907
100$9,773,506$0$0$6,723,402