Can I retire at age 59 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$71,679$71,040$70,417$69,809$69,216$67,957
2 years$35,484$34,824$34,183$33,562$32,960$31,696
3 years$23,421$22,758$22,119$21,504$20,911$19,682
4 years$17,391$16,729$16,097$15,492$14,914$13,729
5 years$13,774$13,116$12,492$11,899$11,337$10,200
6 years$11,363$10,710$10,095$9,516$8,971$7,882
7 years$9,642$8,994$8,389$7,824$7,296$6,255
8 years$8,351$7,710$7,115$6,563$6,052$5,061
9 years$7,348$6,713$6,128$5,590$5,097$4,153
10 years$6,546$5,917$5,342$4,819$4,343$3,446
11 years$5,890$5,268$4,703$4,194$3,735$2,885
12 years$5,344$4,728$4,174$3,679$3,237$2,431
13 years$4,883$4,273$3,729$3,248$2,823$2,061
14 years$4,487$3,884$3,351$2,883$2,474$1,755
15 years$4,145$3,548$3,025$2,571$2,178$1,500
16 years$3,846$3,255$2,743$2,302$1,925$1,287
17 years$3,582$2,998$2,496$2,068$1,707$1,106
18 years$3,348$2,770$2,278$1,864$1,518$953
19 years$3,138$2,567$2,086$1,684$1,353$823
20 years$2,950$2,386$1,914$1,525$1,208$712
21 years$2,780$2,222$1,761$1,384$1,081$617
22 years$2,626$2,074$1,623$1,259$969$535
23 years$2,485$1,940$1,498$1,146$870$464
24 years$2,356$1,818$1,386$1,046$782$404
25 years$2,238$1,706$1,283$955$704$351
26 years$2,129$1,603$1,190$873$634$305
27 years$2,028$1,509$1,105$799$572$266
28 years$1,935$1,422$1,028$732$516$232
29 years$1,848$1,341$956$671$466$202
30 years$1,767$1,267$891$616$421$176
31 years$1,691$1,197$830$566$380$154
32 years$1,621$1,133$775$520$344$134
33 years$1,554$1,073$723$478$311$117
34 years$1,492$1,017$676$440$282$102
35 years$1,434$965$632$405$255$89
36 years$1,379$915$591$373$231$78
37 years$1,327$870$553$344$210$68
38 years$1,277$826$518$317$190$59
39 years$1,231$786$485$292$172$52
40 years$1,187$748$455$269$156$45
41 years$1,145$712$427$249$142$40
42 years$1,105$678$400$229$129$35
43 years$1,067$646$376$212$117$30
44 years$1,031$616$353$196$106$26
45 years$997$587$331$181$96$23
46 years$964$560$311$167$87$20
47 years$933$534$292$154$79$18
48 years$903$510$274$142$72$15
49 years$875$487$258$132$65$13
50 years$847$465$243$122$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $868,000, adding $3,753 every year, while hoping to spend $38,405 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: 70/8/22 Blend
58$868,000$868,000$868,000$868,000
59$960,407$914,403$900,949$1,022,124
60$1,017,506$918,346$890,268$1,067,771
61$1,079,142$921,196$877,943$1,112,860
62$1,145,737$922,857$863,876$1,161,282
63$1,217,755$923,230$847,969$1,213,365
64$1,295,706$922,208$830,116$1,269,468
65$1,380,151$919,679$810,208$1,329,991
66$1,471,707$915,524$788,130$1,395,373
67$1,571,051$909,614$763,762$1,466,098
68$1,678,928$901,815$736,978$1,542,703
69$1,796,159$891,985$707,648$1,625,777
70$1,923,647$879,971$675,633$1,715,974
71$2,062,382$865,613$640,791$1,814,013
72$2,213,459$848,742$602,970$1,920,688
73$2,378,077$829,176$562,016$2,036,876
74$2,557,561$806,725$517,763$2,163,543
75$2,753,364$781,187$470,040$2,301,756
76$2,967,090$752,348$418,669$2,452,693
77$3,200,502$719,982$363,463$2,617,654
78$3,455,541$683,849$304,227$2,798,070
79$3,734,345$643,695$240,757$2,995,524
80$4,039,266$599,254$172,840$3,211,761
81$4,372,895$550,243$100,255$3,448,704
82$4,738,086$496,360$22,769$3,708,476
83$5,137,980$437,291$0$3,993,421
84$5,576,037$372,700$0$4,320,187
85$6,056,065$302,235$0$4,684,175
86$6,582,261$225,523$0$5,083,241
87$7,159,247$142,168$0$5,520,915
88$7,792,111$51,756$0$6,001,089
89$8,486,460$0$0$6,528,050
90$9,248,469$0$0$7,110,584
91$10,084,939$0$0$7,755,090
92$11,003,362$0$0$8,462,792
93$12,011,992$0$0$9,240,055
94$13,119,920$0$0$10,093,892
95$14,337,161$0$0$11,032,028
96$15,674,751$0$0$12,062,973
97$17,144,843$0$0$13,196,104
98$18,760,829$0$0$14,441,749
99$20,537,464$0$0$15,811,288
100$22,491,000$0$0$17,317,260