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%15.9%
1 years$71,596$70,958$70,336$69,729$69,136$67,464
2 years$35,444$34,783$34,144$33,523$32,922$31,248
3 years$23,394$22,731$22,093$21,479$20,887$19,263
4 years$17,371$16,710$16,078$15,474$14,897$13,335
5 years$13,758$13,101$12,477$11,886$11,324$9,829
6 years$11,350$10,698$10,084$9,505$8,961$7,534
7 years$9,631$8,984$8,379$7,815$7,287$5,929
8 years$8,342$7,701$7,106$6,556$6,046$4,755
9 years$7,340$6,705$6,121$5,584$5,091$3,868
10 years$6,539$5,910$5,336$4,813$4,338$3,180
11 years$5,884$5,261$4,698$4,189$3,731$2,636
12 years$5,338$4,722$4,169$3,674$3,233$2,200
13 years$4,877$4,268$3,725$3,244$2,819$1,847
14 years$4,482$3,879$3,347$2,880$2,471$1,556
15 years$4,140$3,544$3,022$2,568$2,176$1,317
16 years$3,841$3,251$2,740$2,299$1,923$1,117
17 years$3,578$2,994$2,493$2,066$1,705$950
18 years$3,344$2,767$2,276$1,862$1,516$810
19 years$3,135$2,564$2,083$1,682$1,351$692
20 years$2,947$2,383$1,912$1,524$1,207$592
21 years$2,777$2,220$1,759$1,383$1,080$507
22 years$2,623$2,072$1,621$1,257$968$434
23 years$2,482$1,938$1,497$1,145$869$373
24 years$2,353$1,816$1,384$1,044$781$320
25 years$2,235$1,704$1,282$954$703$275
26 years$2,126$1,601$1,189$872$633$236
27 years$2,026$1,507$1,104$798$571$203
28 years$1,932$1,420$1,026$731$515$175
29 years$1,846$1,340$955$671$465$151
30 years$1,765$1,265$890$616$420$130
31 years$1,689$1,196$829$565$380$112
32 years$1,619$1,132$774$520$344$96
33 years$1,553$1,072$723$478$311$83
34 years$1,491$1,016$675$440$282$72
35 years$1,432$963$631$405$255$62
36 years$1,377$914$590$373$231$53
37 years$1,325$868$553$343$209$46
38 years$1,276$825$518$316$190$40
39 years$1,229$785$485$292$172$34
40 years$1,185$747$454$269$156$29
41 years$1,144$711$426$248$142$25
42 years$1,104$677$400$229$129$22
43 years$1,066$645$375$212$117$19
44 years$1,030$615$352$195$106$16
45 years$996$586$331$180$96$14
46 years$963$559$311$167$87$12
47 years$932$534$292$154$79$10
48 years$902$510$274$142$72$9
49 years$874$487$258$131$65$8
50 years$846$465$242$122$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $867,000, adding $5,172 every year, while hoping to spend $29,377 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: 56/39/5 Blend
58$867,000$867,000$867,000$867,000
59$960,769$914,818$901,379$1,013,334
60$1,027,510$928,387$900,319$1,062,869
61$1,100,075$941,637$898,238$1,113,039
62$1,179,026$954,520$895,072$1,166,948
63$1,264,981$966,986$890,752$1,224,951
64$1,358,624$978,983$885,207$1,287,446
65$1,460,704$990,454$878,361$1,354,867
66$1,572,046$1,001,336$870,137$1,427,695
67$1,693,559$1,011,566$860,451$1,506,460
68$1,826,243$1,021,074$849,217$1,591,747
69$1,971,199$1,029,786$836,345$1,684,199
70$2,129,639$1,037,623$821,740$1,784,529
71$2,302,897$1,044,501$805,303$1,893,519
72$2,492,443$1,050,332$786,931$2,012,035
73$2,699,894$1,055,020$766,515$2,141,031
74$2,927,031$1,058,464$743,941$2,281,560
75$3,175,816$1,060,556$719,091$2,434,780
76$3,448,410$1,061,184$691,841$2,601,974
77$3,747,190$1,060,225$662,061$2,784,552
78$4,074,779$1,057,551$629,614$2,984,073
79$4,434,060$1,053,025$594,361$3,202,254
80$4,828,214$1,046,503$556,151$3,440,989
81$5,260,740$1,037,830$514,831$3,702,369
82$5,735,496$1,026,844$470,238$3,988,698
83$6,256,729$1,013,371$422,203$4,302,519
84$6,829,118$997,229$370,549$4,646,636
85$7,457,818$978,223$315,093$5,024,139
86$8,148,508$956,149$255,641$5,438,441
87$8,907,442$930,787$191,992$5,893,302
88$9,741,514$901,908$123,936$6,392,870
89$10,658,314$869,267$51,254$6,941,719
90$11,666,208$832,607$0$7,544,894
91$12,774,410$791,654$0$8,209,362
92$13,993,074$746,119$0$8,942,863
93$15,333,385$695,697$0$9,749,437
94$16,807,669$640,064$0$10,636,558
95$18,429,502$578,878$0$11,612,467
96$20,213,848$511,780$0$12,686,248
97$22,177,190$438,386$0$13,867,918
98$24,337,690$358,294$0$15,168,521
99$26,715,362$271,079$0$16,600,234
100$29,332,257$176,289$0$18,176,479