Can I retire at age 59 with 868,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$71,679$71,040$70,417$69,809$69,216$67,080
2 years$35,484$34,824$34,183$33,562$32,960$30,827
3 years$23,421$22,758$22,119$21,504$20,911$18,848
4 years$17,391$16,729$16,097$15,492$14,914$12,937
5 years$13,774$13,116$12,492$11,899$11,337$9,451
6 years$11,363$10,710$10,095$9,516$8,971$7,177
7 years$9,642$8,994$8,389$7,824$7,296$5,594
8 years$8,351$7,710$7,115$6,563$6,052$4,442
9 years$7,348$6,713$6,128$5,590$5,097$3,576
10 years$6,546$5,917$5,342$4,819$4,343$2,909
11 years$5,890$5,268$4,703$4,194$3,735$2,385
12 years$5,344$4,728$4,174$3,679$3,237$1,969
13 years$4,883$4,273$3,729$3,248$2,823$1,633
14 years$4,487$3,884$3,351$2,883$2,474$1,361
15 years$4,145$3,548$3,025$2,571$2,178$1,137
16 years$3,846$3,255$2,743$2,302$1,925$954
17 years$3,582$2,998$2,496$2,068$1,707$801
18 years$3,348$2,770$2,278$1,864$1,518$674
19 years$3,138$2,567$2,086$1,684$1,353$569
20 years$2,950$2,386$1,914$1,525$1,208$480
21 years$2,780$2,222$1,761$1,384$1,081$406
22 years$2,626$2,074$1,623$1,259$969$343
23 years$2,485$1,940$1,498$1,146$870$291
24 years$2,356$1,818$1,386$1,046$782$246
25 years$2,238$1,706$1,283$955$704$209
26 years$2,129$1,603$1,190$873$634$177
27 years$2,028$1,509$1,105$799$572$150
28 years$1,935$1,422$1,028$732$516$127
29 years$1,848$1,341$956$671$466$108
30 years$1,767$1,267$891$616$421$92
31 years$1,691$1,197$830$566$380$78
32 years$1,621$1,133$775$520$344$66
33 years$1,554$1,073$723$478$311$56
34 years$1,492$1,017$676$440$282$48
35 years$1,434$965$632$405$255$41
36 years$1,379$915$591$373$231$35
37 years$1,327$870$553$344$210$29
38 years$1,277$826$518$317$190$25
39 years$1,231$786$485$292$172$21
40 years$1,187$748$455$269$156$18
41 years$1,145$712$427$249$142$15
42 years$1,105$678$400$229$129$13
43 years$1,067$646$376$212$117$11
44 years$1,031$616$353$196$106$9
45 years$997$587$331$181$96$8
46 years$964$560$311$167$87$7
47 years$933$534$292$154$79$6
48 years$903$510$274$142$72$5
49 years$875$487$258$132$65$4
50 years$847$465$243$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $868,000, adding $2,325 every year, while hoping to spend $31,578 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: 71/20/9 Blend
58$868,000$868,000$868,000$868,000
59$958,934$912,930$899,476$1,025,282
60$1,023,147$924,065$896,010$1,080,606
61$1,092,851$934,687$891,369$1,137,030
62$1,168,573$944,738$885,481$1,197,931
63$1,250,892$954,155$878,270$1,263,740
64$1,340,447$962,872$869,656$1,334,936
65$1,437,938$970,819$859,554$1,412,045
66$1,544,137$977,918$847,879$1,495,646
67$1,659,893$984,091$834,538$1,586,379
68$1,786,142$989,251$819,434$1,684,948
69$1,923,912$993,308$802,469$1,792,131
70$2,074,335$996,164$783,536$1,908,782
71$2,238,658$997,717$762,525$2,035,847
72$2,418,254$997,857$739,322$2,174,364
73$2,614,633$996,469$713,806$2,325,481
74$2,829,458$993,429$685,851$2,490,461
75$3,064,562$988,606$655,326$2,670,699
76$3,321,961$981,862$622,094$2,867,731
77$3,603,876$973,048$586,009$3,083,250
78$3,912,754$962,010$546,923$3,319,123
79$4,251,287$948,581$504,677$3,577,410
80$4,622,444$932,586$459,109$3,860,378
81$5,029,490$913,840$410,046$4,170,530
82$5,476,024$892,145$357,309$4,510,624
83$5,966,012$867,293$300,712$4,883,700
84$6,503,818$839,063$240,059$5,293,110
85$7,094,253$807,223$175,146$5,742,550
86$7,742,614$771,524$105,761$6,236,093
87$8,454,737$731,705$31,680$6,778,230
88$9,237,052$687,490$0$7,373,912
89$10,096,640$638,586$0$8,033,146
90$11,041,305$584,685$0$8,760,942
91$12,079,643$525,459$0$9,560,912
92$13,221,122$460,562$0$10,440,391
93$14,476,178$389,630$0$11,407,468
94$15,856,303$312,278$0$12,471,054
95$17,374,164$228,097$0$13,640,974
96$19,043,713$136,658$0$14,928,054
97$20,880,323$37,506$0$16,344,227
98$22,900,933$0$0$17,902,646
99$25,124,206$0$0$19,633,177
100$27,570,706$0$0$21,546,595