Can I retire at age 59 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$71,348$70,713$70,093$69,488$68,897$67,727
2 years$35,321$34,663$34,026$33,407$32,808$31,634
3 years$23,313$22,653$22,017$21,404$20,815$19,672
4 years$17,311$16,652$16,023$15,421$14,845$13,742
5 years$13,710$13,055$12,434$11,845$11,285$10,226
6 years$11,311$10,661$10,049$9,472$8,930$7,915
7 years$9,597$8,953$8,350$7,788$7,262$6,292
8 years$8,313$7,674$7,082$6,533$6,025$5,099
9 years$7,314$6,682$6,100$5,565$5,074$4,193
10 years$6,516$5,890$5,318$4,797$4,323$3,485
11 years$5,863$5,243$4,682$4,175$3,718$2,923
12 years$5,320$4,706$4,155$3,662$3,222$2,468
13 years$4,860$4,253$3,712$3,233$2,810$2,096
14 years$4,467$3,866$3,335$2,870$2,463$1,789
15 years$4,126$3,531$3,011$2,559$2,168$1,532
16 years$3,828$3,240$2,730$2,291$1,916$1,317
17 years$3,565$2,984$2,484$2,059$1,699$1,135
18 years$3,332$2,757$2,268$1,855$1,511$980
19 years$3,124$2,555$2,076$1,677$1,347$848
20 years$2,936$2,375$1,905$1,518$1,203$735
21 years$2,767$2,212$1,753$1,378$1,076$638
22 years$2,614$2,065$1,615$1,253$965$555
23 years$2,474$1,931$1,491$1,141$866$483
24 years$2,345$1,809$1,379$1,041$779$421
25 years$2,228$1,698$1,278$951$701$367
26 years$2,119$1,596$1,185$869$631$320
27 years$2,019$1,502$1,100$795$569$279
28 years$1,926$1,415$1,023$729$513$244
29 years$1,839$1,335$952$668$464$213
30 years$1,759$1,261$887$613$419$186
31 years$1,684$1,192$827$563$379$163
32 years$1,613$1,128$771$518$343$142
33 years$1,547$1,068$720$476$310$125
34 years$1,485$1,012$673$438$281$109
35 years$1,427$960$629$403$254$95
36 years$1,372$911$588$371$230$83
37 years$1,320$865$551$342$209$73
38 years$1,271$823$516$315$189$64
39 years$1,225$782$483$291$172$56
40 years$1,181$744$453$268$156$49
41 years$1,140$708$425$247$141$43
42 years$1,100$675$398$228$128$38
43 years$1,062$643$374$211$116$33
44 years$1,027$613$351$195$106$29
45 years$992$584$329$180$96$25
46 years$960$557$309$166$87$22
47 years$929$532$291$153$79$19
48 years$899$508$273$142$72$17
49 years$871$485$257$131$65$15
50 years$844$463$241$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $864,000, adding $6,921 every year, while hoping to spend $23,144 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: 22/50/28 Blend
58$864,000$864,000$864,000$864,000
59$959,267$913,475$900,083$971,746
60$1,032,487$933,610$905,611$1,003,447
61$1,112,400$953,956$910,548$1,034,965
62$1,199,664$974,499$914,851$1,068,187
63$1,295,004$995,224$918,472$1,103,265
64$1,399,217$1,016,112$921,363$1,140,371
65$1,513,181$1,037,146$923,473$1,179,693
66$1,637,864$1,058,305$924,748$1,221,439
67$1,774,330$1,079,566$925,131$1,265,839
68$1,923,753$1,100,905$924,564$1,313,147
69$2,087,422$1,122,296$922,983$1,363,645
70$2,266,760$1,143,709$920,324$1,417,643
71$2,463,332$1,165,114$916,518$1,475,485
72$2,678,864$1,186,477$911,493$1,537,551
73$2,915,255$1,207,761$905,175$1,604,260
74$3,174,597$1,228,927$897,484$1,676,076
75$3,459,194$1,249,933$888,338$1,753,512
76$3,771,585$1,270,732$877,650$1,837,135
77$4,114,566$1,291,277$865,331$1,927,569
78$4,491,216$1,311,515$851,284$2,025,508
79$4,904,930$1,331,388$835,412$2,131,716
80$5,359,443$1,350,837$817,609$2,247,036
81$5,858,875$1,369,797$797,767$2,372,402
82$6,407,761$1,388,198$775,773$2,508,845
83$7,011,099$1,405,966$751,508$2,657,502
84$7,674,394$1,423,021$724,847$2,819,630
85$8,403,713$1,439,280$695,659$2,996,620
86$9,205,738$1,454,650$663,810$3,190,003
87$10,087,831$1,469,037$629,156$3,401,473
88$11,058,107$1,482,336$591,549$3,632,900
89$12,125,502$1,494,439$550,834$3,886,349
90$13,299,864$1,505,227$506,849$4,164,099
91$14,592,045$1,514,578$459,423$4,468,667
92$16,013,999$1,522,358$408,379$4,802,829
93$17,578,900$1,528,427$353,533$5,169,653
94$19,301,262$1,532,634$294,690$5,572,523
95$21,197,079$1,534,821$231,650$6,015,175
96$23,283,972$1,534,818$164,202$6,501,731
97$25,581,359$1,532,446$92,125$7,036,741
98$28,110,636$1,527,515$15,189$7,625,226
99$30,895,379$1,519,820$0$8,272,727
100$33,961,565$1,509,149$0$9,005,347