Can I retire at age 59 with 869,000?

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 $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%11.9%
1 years$71,761$71,122$70,498$69,890$69,295$68,743
2 years$35,525$34,864$34,223$33,601$32,998$32,441
3 years$23,448$22,784$22,144$21,528$20,935$20,392
4 years$17,411$16,749$16,115$15,510$14,931$14,405
5 years$13,790$13,131$12,506$11,913$11,350$10,842
6 years$11,376$10,722$10,107$9,527$8,981$8,492
7 years$9,653$9,005$8,399$7,833$7,304$6,835
8 years$8,361$7,719$7,123$6,571$6,059$5,609
9 years$7,357$6,721$6,135$5,597$5,103$4,672
10 years$6,554$5,924$5,349$4,824$4,348$3,936
11 years$5,897$5,274$4,709$4,199$3,739$3,346
12 years$5,350$4,733$4,179$3,683$3,240$2,866
13 years$4,888$4,278$3,734$3,251$2,826$2,469
14 years$4,492$3,888$3,355$2,886$2,477$2,138
15 years$4,150$3,552$3,029$2,574$2,181$1,859
16 years$3,850$3,259$2,746$2,305$1,928$1,622
17 years$3,586$3,001$2,499$2,071$1,709$1,420
18 years$3,351$2,773$2,281$1,866$1,520$1,246
19 years$3,142$2,570$2,088$1,686$1,355$1,095
20 years$2,953$2,388$1,916$1,527$1,210$965
21 years$2,783$2,225$1,763$1,386$1,083$852
22 years$2,629$2,077$1,625$1,260$970$753
23 years$2,488$1,942$1,500$1,148$871$666
24 years$2,359$1,820$1,387$1,047$783$590
25 years$2,240$1,708$1,285$956$705$524
26 years$2,131$1,605$1,192$874$635$465
27 years$2,030$1,511$1,107$800$572$413
28 years$1,937$1,423$1,029$733$516$367
29 years$1,850$1,343$957$672$466$326
30 years$1,769$1,268$892$617$421$290
31 years$1,693$1,199$831$567$381$259
32 years$1,623$1,134$776$521$345$230
33 years$1,556$1,074$724$479$312$205
34 years$1,494$1,018$677$441$282$183
35 years$1,435$966$633$406$256$163
36 years$1,380$917$592$374$232$145
37 years$1,328$871$554$344$210$130
38 years$1,279$827$519$317$190$116
39 years$1,232$787$486$292$173$103
40 years$1,188$748$456$270$157$92
41 years$1,146$712$427$249$142$82
42 years$1,106$679$401$230$129$73
43 years$1,069$646$376$212$117$66
44 years$1,032$616$353$196$106$59
45 years$998$588$331$181$96$52
46 years$965$561$311$167$88$47
47 years$934$535$292$154$79$42
48 years$904$511$275$143$72$37
49 years$876$488$258$132$66$33
50 years$848$466$243$122$60$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $869,000, adding $2,034 every year, while hoping to spend $40,039 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: 47/29/24 Blend
58$869,000$869,000$869,000$869,000
59$959,736$913,679$900,210$998,177
60$1,015,028$915,848$887,765$1,027,525
61$1,074,618$916,782$873,562$1,055,244
62$1,138,901$916,377$857,499$1,084,529
63$1,208,314$914,524$839,471$1,115,546
64$1,283,334$911,108$819,365$1,148,479
65$1,364,487$906,005$797,066$1,183,534
66$1,452,351$899,085$772,454$1,220,942
67$1,547,560$890,209$745,401$1,260,958
68$1,650,813$879,232$715,774$1,303,866
69$1,762,879$865,997$683,435$1,349,982
70$1,884,601$850,339$648,238$1,399,658
71$2,016,908$832,084$610,032$1,453,284
72$2,160,824$811,047$568,659$1,511,294
73$2,317,472$787,032$523,953$1,574,171
74$2,488,089$759,832$475,741$1,642,448
75$2,674,039$729,228$423,843$1,716,721
76$2,876,818$694,987$368,069$1,797,648
77$3,098,076$656,865$308,222$1,885,960
78$3,339,629$614,600$244,097$1,982,467
79$3,603,476$567,920$175,478$2,088,067
80$3,891,815$516,533$102,142$2,203,757
81$4,207,071$460,133$23,854$2,330,639
82$4,551,908$398,396$0$2,469,936
83$4,929,264$330,979$0$2,638,288
84$5,342,371$257,519$0$2,829,418
85$5,794,791$177,635$0$3,038,941
86$6,290,443$90,923$0$3,268,762
87$6,833,647$0$0$3,520,989
88$7,429,156$0$0$3,798,918
89$8,082,210$0$0$4,135,619
90$8,798,577$0$0$4,505,064
91$9,584,611$0$0$4,910,542
92$10,447,310$0$0$5,355,676
93$11,394,385$0$0$5,844,459
94$12,434,326$0$0$6,381,286
95$13,576,490$0$0$6,971,001
96$14,831,181$0$0$7,618,940
97$16,209,752$0$0$8,330,982
98$17,724,709$0$0$9,113,601
99$19,389,832$0$0$9,973,932
100$21,220,299$0$0$10,919,836