Can I retire at age 59 with 864,000?

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 $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%17.8%
1 years$71,348$70,713$70,093$69,488$68,897$66,718
2 years$35,321$34,663$34,026$33,407$32,808$30,633
3 years$23,313$22,653$22,017$21,404$20,815$18,711
4 years$17,311$16,652$16,023$15,421$14,845$12,829
5 years$13,710$13,055$12,434$11,845$11,285$9,363
6 years$11,311$10,661$10,049$9,472$8,930$7,102
7 years$9,597$8,953$8,350$7,788$7,262$5,529
8 years$8,313$7,674$7,082$6,533$6,025$4,385
9 years$7,314$6,682$6,100$5,565$5,074$3,526
10 years$6,516$5,890$5,318$4,797$4,323$2,865
11 years$5,863$5,243$4,682$4,175$3,718$2,346
12 years$5,320$4,706$4,155$3,662$3,222$1,934
13 years$4,860$4,253$3,712$3,233$2,810$1,602
14 years$4,467$3,866$3,335$2,870$2,463$1,333
15 years$4,126$3,531$3,011$2,559$2,168$1,113
16 years$3,828$3,240$2,730$2,291$1,916$931
17 years$3,565$2,984$2,484$2,059$1,699$781
18 years$3,332$2,757$2,268$1,855$1,511$657
19 years$3,124$2,555$2,076$1,677$1,347$553
20 years$2,936$2,375$1,905$1,518$1,203$466
21 years$2,767$2,212$1,753$1,378$1,076$393
22 years$2,614$2,065$1,615$1,253$965$332
23 years$2,474$1,931$1,491$1,141$866$281
24 years$2,345$1,809$1,379$1,041$779$238
25 years$2,228$1,698$1,278$951$701$201
26 years$2,119$1,596$1,185$869$631$170
27 years$2,019$1,502$1,100$795$569$144
28 years$1,926$1,415$1,023$729$513$122
29 years$1,839$1,335$952$668$464$104
30 years$1,759$1,261$887$613$419$88
31 years$1,684$1,192$827$563$379$74
32 years$1,613$1,128$771$518$343$63
33 years$1,547$1,068$720$476$310$54
34 years$1,485$1,012$673$438$281$45
35 years$1,427$960$629$403$254$39
36 years$1,372$911$588$371$230$33
37 years$1,320$865$551$342$209$28
38 years$1,271$823$516$315$189$24
39 years$1,225$782$483$291$172$20
40 years$1,181$744$453$268$156$17
41 years$1,140$708$425$247$141$14
42 years$1,100$675$398$228$128$12
43 years$1,062$643$374$211$116$10
44 years$1,027$613$351$195$106$9
45 years$992$584$329$180$96$7
46 years$960$557$309$166$87$6
47 years$929$532$291$153$79$5
48 years$899$508$273$142$72$5
49 years$871$485$257$131$65$4
50 years$844$463$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $864,000, adding $6,307 every year, while hoping to spend $54,813 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: 53/17/30 Blend
58$864,000$864,000$864,000$864,000
59$958,634$912,842$899,450$1,001,090
60$998,094$899,250$871,261$1,017,669
61$1,039,742$883,156$840,290$1,029,654
62$1,083,743$864,378$806,387$1,041,631
63$1,130,277$842,725$769,394$1,053,620
64$1,179,542$817,995$729,145$1,065,650
65$1,231,752$789,973$685,468$1,077,756
66$1,287,142$758,434$638,183$1,089,977
67$1,345,969$723,135$587,100$1,102,363
68$1,408,514$683,825$532,024$1,114,972
69$1,475,084$640,234$472,749$1,127,871
70$1,546,015$592,079$409,059$1,141,141
71$1,621,677$539,059$340,730$1,154,873
72$1,702,472$480,856$267,529$1,169,174
73$1,788,842$417,137$189,209$1,184,166
74$1,881,273$347,546$105,517$1,199,992
75$1,980,296$271,709$16,185$1,216,811
76$2,086,494$189,230$0$1,234,809
77$2,200,507$99,693$0$1,279,528
78$2,323,037$2,656$0$1,333,049
79$2,454,854$0$0$1,390,550
80$2,596,805$0$0$1,471,584
81$2,749,819$0$0$1,559,532
82$2,914,917$0$0$1,654,493
83$3,093,220$0$0$1,757,121
84$3,285,960$0$0$1,868,134
85$3,494,494$0$0$1,988,321
86$3,720,308$0$0$2,118,552
87$3,965,041$0$0$2,259,779
88$4,230,493$0$0$2,413,053
89$4,518,643$0$0$2,579,529
90$4,831,668$0$0$2,760,476
91$5,171,963$0$0$2,957,292
92$5,542,164$0$0$3,171,513
93$5,945,169$0$0$3,404,830
94$6,384,169$0$0$3,659,106
95$6,862,673$0$0$3,936,387
96$7,384,544$0$0$4,238,930
97$7,954,036$0$0$4,569,213
98$8,575,829$0$0$4,929,970
99$9,255,075$0$0$5,324,207
100$9,997,446$0$0$5,755,235