Can I retire at age 59 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,431$70,795$70,174$69,568$68,976$68,542
2 years$35,362$34,703$34,065$33,446$32,846$32,407
3 years$23,340$22,679$22,042$21,429$20,839$20,410
4 years$17,331$16,671$16,041$15,439$14,862$14,447
5 years$13,726$13,071$12,449$11,858$11,298$10,897
6 years$11,324$10,673$10,060$9,483$8,940$8,553
7 years$9,608$8,963$8,360$7,797$7,270$6,899
8 years$8,322$7,683$7,090$6,540$6,032$5,675
9 years$7,323$6,690$6,107$5,571$5,079$4,738
10 years$6,524$5,897$5,324$4,802$4,328$4,001
11 years$5,870$5,249$4,687$4,179$3,722$3,410
12 years$5,326$4,712$4,160$3,666$3,226$2,928
13 years$4,866$4,258$3,716$3,236$2,813$2,529
14 years$4,472$3,870$3,339$2,873$2,466$2,195
15 years$4,131$3,536$3,015$2,562$2,171$1,914
16 years$3,832$3,244$2,733$2,294$1,919$1,675
17 years$3,569$2,987$2,487$2,061$1,701$1,470
18 years$3,336$2,761$2,271$1,858$1,513$1,293
19 years$3,127$2,558$2,079$1,679$1,348$1,141
20 years$2,940$2,377$1,908$1,520$1,204$1,008
21 years$2,770$2,214$1,755$1,380$1,078$892
22 years$2,617$2,067$1,617$1,254$966$791
23 years$2,476$1,933$1,493$1,142$867$702
24 years$2,348$1,811$1,381$1,042$779$624
25 years$2,230$1,700$1,279$952$701$555
26 years$2,121$1,598$1,186$870$632$494
27 years$2,021$1,504$1,102$796$570$440
28 years$1,928$1,417$1,024$730$514$393
29 years$1,841$1,337$953$669$464$350
30 years$1,761$1,262$888$614$419$313
31 years$1,686$1,193$828$564$379$279
32 years$1,615$1,129$772$518$343$250
33 years$1,549$1,069$721$477$310$223
34 years$1,487$1,013$674$439$281$200
35 years$1,429$961$630$404$255$179
36 years$1,374$912$589$372$231$160
37 years$1,322$866$551$343$209$143
38 years$1,273$823$516$316$189$128
39 years$1,227$783$484$291$172$115
40 years$1,183$745$453$269$156$103
41 years$1,141$709$425$248$141$92
42 years$1,101$675$399$229$128$82
43 years$1,064$644$374$211$116$74
44 years$1,028$613$351$195$106$66
45 years$994$585$330$180$96$59
46 years$961$558$310$166$87$53
47 years$930$533$291$154$79$48
48 years$900$508$274$142$72$43
49 years$872$485$257$131$65$38
50 years$845$464$242$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $865,000, adding $6,392 every year, while hoping to spend $44,638 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: 56/28/16 Blend
58$865,000$865,000$865,000$865,000
59$959,823$913,978$900,571$1,009,196
60$1,010,231$911,269$883,245$1,040,764
61$1,064,284$906,930$863,844$1,069,753
62$1,122,307$900,836$842,249$1,100,317
63$1,184,657$892,852$818,338$1,132,616
64$1,251,724$882,834$791,985$1,166,830
65$1,323,939$870,631$763,055$1,203,156
66$1,401,772$856,084$731,410$1,241,816
67$1,485,743$839,022$696,902$1,283,055
68$1,576,420$819,265$659,379$1,327,148
69$1,674,428$796,622$618,681$1,374,396
70$1,780,455$770,893$574,643$1,425,139
71$1,895,257$741,862$527,089$1,479,751
72$2,019,665$709,305$475,838$1,538,648
73$2,154,591$672,981$420,699$1,602,292
74$2,301,041$632,639$361,474$1,671,198
75$2,460,120$588,010$297,956$1,745,932
76$2,633,042$538,813$229,927$1,827,128
77$2,821,145$484,747$157,162$1,915,485
78$3,025,899$425,498$79,425$2,011,779
79$3,248,924$360,730$0$2,116,870
80$3,492,001$290,093$0$2,232,315
81$3,757,089$213,212$0$2,373,077
82$4,046,347$129,694$0$2,526,798
83$4,362,150$39,124$0$2,694,820
84$4,707,111$0$0$2,878,627
85$5,084,109$0$0$3,098,020
86$5,496,312$0$0$3,351,155
87$5,947,209$0$0$3,628,130
88$6,440,642$0$0$3,931,313
89$6,980,839$0$0$4,263,315
90$7,572,458$0$0$4,627,007
91$8,220,630$0$0$5,025,554
92$8,931,002$0$0$5,462,440
93$9,709,795$0$0$5,941,504
94$10,563,863$0$0$6,466,972
95$11,500,750$0$0$7,043,500
96$12,528,771$0$0$7,676,216
97$13,657,080$0$0$8,370,769
98$14,895,764$0$0$9,133,381
99$16,255,932$0$0$9,970,906
100$17,749,822$0$0$10,890,896