Can I retire at age 59 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$71,761$71,122$70,498$69,890$69,295$68,373
2 years$35,525$34,864$34,223$33,601$32,998$32,070
3 years$23,448$22,784$22,144$21,528$20,935$20,031
4 years$17,411$16,749$16,115$15,510$14,931$14,057
5 years$13,790$13,131$12,506$11,913$11,350$10,509
6 years$11,376$10,722$10,107$9,527$8,981$8,174
7 years$9,653$9,005$8,399$7,833$7,304$6,531
8 years$8,361$7,719$7,123$6,571$6,059$5,320
9 years$7,357$6,721$6,135$5,597$5,103$4,398
10 years$6,554$5,924$5,349$4,824$4,348$3,676
11 years$5,897$5,274$4,709$4,199$3,739$3,100
12 years$5,350$4,733$4,179$3,683$3,240$2,633
13 years$4,888$4,278$3,734$3,251$2,826$2,250
14 years$4,492$3,888$3,355$2,886$2,477$1,931
15 years$4,150$3,552$3,029$2,574$2,181$1,664
16 years$3,850$3,259$2,746$2,305$1,928$1,439
17 years$3,586$3,001$2,499$2,071$1,709$1,248
18 years$3,351$2,773$2,281$1,866$1,520$1,085
19 years$3,142$2,570$2,088$1,686$1,355$945
20 years$2,953$2,388$1,916$1,527$1,210$825
21 years$2,783$2,225$1,763$1,386$1,083$721
22 years$2,629$2,077$1,625$1,260$970$631
23 years$2,488$1,942$1,500$1,148$871$553
24 years$2,359$1,820$1,387$1,047$783$485
25 years$2,240$1,708$1,285$956$705$426
26 years$2,131$1,605$1,192$874$635$374
27 years$2,030$1,511$1,107$800$572$329
28 years$1,937$1,423$1,029$733$516$289
29 years$1,850$1,343$957$672$466$255
30 years$1,769$1,268$892$617$421$224
31 years$1,693$1,199$831$567$381$198
32 years$1,623$1,134$776$521$345$174
33 years$1,556$1,074$724$479$312$153
34 years$1,494$1,018$677$441$282$135
35 years$1,435$966$633$406$256$119
36 years$1,380$917$592$374$232$105
37 years$1,328$871$554$344$210$93
38 years$1,279$827$519$317$190$82
39 years$1,232$787$486$292$173$72
40 years$1,188$748$456$270$157$64
41 years$1,146$712$427$249$142$56
42 years$1,106$679$401$230$129$50
43 years$1,069$646$376$212$117$44
44 years$1,032$616$353$196$106$39
45 years$998$588$331$181$96$34
46 years$965$561$311$167$88$30
47 years$934$535$292$154$79$27
48 years$904$511$275$143$72$24
49 years$876$488$258$132$66$21
50 years$848$466$243$122$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $869,000, adding $4,040 every year, while hoping to spend $33,596 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: 55/39/6 Blend
58$869,000$869,000$869,000$869,000
59$961,805$915,748$902,279$1,013,220
60$1,024,164$924,874$896,759$1,057,489
61$1,091,756$933,321$889,929$1,101,576
62$1,165,082$941,020$881,708$1,148,749
63$1,244,689$947,899$872,014$1,199,304
64$1,331,180$953,879$860,759$1,253,570
65$1,425,219$958,877$847,853$1,311,910
66$1,527,534$962,805$833,199$1,374,723
67$1,638,930$965,570$816,698$1,442,452
68$1,760,288$967,070$798,245$1,515,586
69$1,892,583$967,202$777,731$1,594,662
70$2,036,882$965,851$755,042$1,680,278
71$2,194,365$962,899$730,057$1,773,090
72$2,366,328$958,218$702,651$1,873,824
73$2,554,197$951,674$672,693$1,983,282
74$2,759,543$943,124$640,046$2,102,351
75$2,984,096$932,417$604,568$2,232,007
76$3,229,761$919,393$566,108$2,373,329
77$3,498,634$903,881$524,510$2,527,510
78$3,793,025$885,701$479,611$2,695,866
79$4,115,476$864,662$431,240$2,879,849
80$4,468,786$840,563$379,219$3,081,062
81$4,856,041$813,189$323,361$3,301,276
82$5,280,636$782,314$263,473$3,542,445
83$5,746,312$747,699$199,350$3,806,726
84$6,257,190$709,089$130,782$4,096,498
85$6,817,806$666,217$57,546$4,414,390
86$7,433,160$618,800$0$4,763,301
87$8,108,759$566,537$0$5,147,751
88$8,850,667$509,113$0$5,573,968
89$9,665,566$446,190$0$6,042,177
90$10,560,817$377,417$0$6,556,695
91$11,544,529$302,419$0$7,122,284
92$12,625,635$220,801$0$7,744,196
93$13,813,975$132,146$0$8,428,226
94$15,120,393$36,014$0$9,180,764
95$16,556,833$0$0$10,008,862
96$18,136,456$0$0$10,949,503
97$19,873,762$0$0$12,001,129
98$21,784,726$0$0$13,157,967
99$23,886,949$0$0$14,430,683
100$26,199,824$0$0$15,831,030