Can I retire at age 59 with 867,000?

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 $867,000?

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$71,596$70,958$70,336$69,729$69,136$66,950
2 years$35,444$34,783$34,144$33,523$32,922$30,739
3 years$23,394$22,731$22,093$21,479$20,887$18,776
4 years$17,371$16,710$16,078$15,474$14,897$12,874
5 years$13,758$13,101$12,477$11,886$11,324$9,395
6 years$11,350$10,698$10,084$9,505$8,961$7,126
7 years$9,631$8,984$8,379$7,815$7,287$5,548
8 years$8,342$7,701$7,106$6,556$6,046$4,400
9 years$7,340$6,705$6,121$5,584$5,091$3,538
10 years$6,539$5,910$5,336$4,813$4,338$2,874
11 years$5,884$5,261$4,698$4,189$3,731$2,354
12 years$5,338$4,722$4,169$3,674$3,233$1,941
13 years$4,877$4,268$3,725$3,244$2,819$1,608
14 years$4,482$3,879$3,347$2,880$2,471$1,338
15 years$4,140$3,544$3,022$2,568$2,176$1,117
16 years$3,841$3,251$2,740$2,299$1,923$935
17 years$3,578$2,994$2,493$2,066$1,705$784
18 years$3,344$2,767$2,276$1,862$1,516$659
19 years$3,135$2,564$2,083$1,682$1,351$555
20 years$2,947$2,383$1,912$1,524$1,207$468
21 years$2,777$2,220$1,759$1,383$1,080$395
22 years$2,623$2,072$1,621$1,257$968$333
23 years$2,482$1,938$1,497$1,145$869$282
24 years$2,353$1,816$1,384$1,044$781$238
25 years$2,235$1,704$1,282$954$703$202
26 years$2,126$1,601$1,189$872$633$171
27 years$2,026$1,507$1,104$798$571$145
28 years$1,932$1,420$1,026$731$515$123
29 years$1,846$1,340$955$671$465$104
30 years$1,765$1,265$890$616$420$88
31 years$1,689$1,196$829$565$380$75
32 years$1,619$1,132$774$520$344$63
33 years$1,553$1,072$723$478$311$54
34 years$1,491$1,016$675$440$282$46
35 years$1,432$963$631$405$255$39
36 years$1,377$914$590$373$231$33
37 years$1,325$868$553$343$209$28
38 years$1,276$825$518$316$190$24
39 years$1,229$785$485$292$172$20
40 years$1,185$747$454$269$156$17
41 years$1,144$711$426$248$142$14
42 years$1,104$677$400$229$129$12
43 years$1,066$645$375$212$117$10
44 years$1,030$615$352$195$106$9
45 years$996$586$331$180$96$7
46 years$963$559$311$167$87$6
47 years$932$534$292$154$79$5
48 years$902$510$274$142$72$5
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $867,000, adding $2,103 every year, while hoping to spend $20,060 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: 56/18/26 Blend
58$867,000$867,000$867,000$867,000
59$957,603$911,652$898,214$1,004,291
60$1,033,935$934,980$906,960$1,059,907
61$1,117,380$958,778$915,327$1,118,195
62$1,208,644$983,048$923,281$1,181,288
63$1,308,501$1,007,793$930,786$1,249,654
64$1,417,805$1,033,012$937,805$1,323,810
65$1,537,497$1,058,705$944,298$1,404,328
66$1,668,613$1,084,873$950,223$1,491,834
67$1,812,293$1,111,513$955,536$1,587,020
68$1,969,792$1,138,623$960,193$1,690,648
69$2,142,495$1,166,200$964,143$1,803,560
70$2,331,925$1,194,239$967,337$1,926,680
71$2,539,760$1,222,735$969,722$2,061,029
72$2,767,848$1,251,682$971,240$2,207,731
73$3,018,226$1,281,072$971,834$2,368,026
74$3,293,137$1,310,896$971,442$2,543,280
75$3,595,050$1,341,143$969,999$2,734,997
76$3,926,688$1,371,802$967,437$2,944,838
77$4,291,049$1,402,859$963,684$3,174,631
78$4,691,435$1,434,298$958,667$3,426,391
79$5,131,486$1,466,103$952,307$3,702,339
80$5,615,210$1,498,255$944,522$4,004,924
81$6,147,024$1,530,731$935,225$4,336,845
82$6,731,793$1,563,510$924,328$4,701,075
83$7,374,879$1,596,565$911,736$5,100,893
84$8,082,187$1,629,867$897,350$5,539,911
85$8,860,225$1,663,386$881,066$6,022,114
86$9,716,164$1,697,087$862,777$6,551,888
87$10,657,902$1,730,934$842,370$7,134,074
88$11,694,144$1,764,886$819,726$7,774,001
89$12,834,481$1,798,899$794,720$8,477,549
90$14,089,479$1,832,927$767,225$9,251,194
91$15,470,783$1,866,917$737,104$10,102,075
92$16,991,221$1,900,814$704,215$11,038,062
93$18,664,930$1,934,559$668,411$12,067,828
94$20,507,486$1,968,085$629,536$13,200,930
95$22,536,054$2,001,325$587,429$14,447,905
96$24,769,544$2,034,203$541,921$15,820,365
97$27,228,797$2,066,638$492,834$17,331,107
98$29,936,776$2,098,545$439,986$18,994,237
99$32,918,783$2,129,830$383,182$20,825,300
100$36,202,702$2,160,395$322,221$22,841,431