Can I retire at age 59 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$71,844$71,204$70,579$69,970$69,375$67,561
2 years$35,566$34,904$34,262$33,639$33,036$31,220
3 years$23,475$22,810$22,170$21,553$20,959$19,199
4 years$17,431$16,768$16,134$15,528$14,948$13,258
5 years$13,805$13,146$12,521$11,927$11,363$9,747
6 years$11,389$10,735$10,118$9,538$8,992$7,450
7 years$9,664$9,015$8,408$7,842$7,313$5,846
8 years$8,371$7,728$7,131$6,578$6,066$4,675
9 years$7,365$6,728$6,142$5,603$5,109$3,791
10 years$6,561$5,931$5,355$4,830$4,353$3,107
11 years$5,904$5,280$4,714$4,204$3,744$2,568
12 years$5,357$4,739$4,184$3,687$3,244$2,136
13 years$4,894$4,282$3,738$3,255$2,829$1,787
14 years$4,498$3,893$3,359$2,890$2,480$1,501
15 years$4,154$3,556$3,032$2,577$2,183$1,265
16 years$3,854$3,263$2,749$2,307$1,930$1,070
17 years$3,590$3,005$2,502$2,073$1,711$907
18 years$3,355$2,776$2,284$1,868$1,521$770
19 years$3,145$2,573$2,091$1,688$1,356$655
20 years$2,957$2,391$1,919$1,529$1,211$558
21 years$2,786$2,227$1,765$1,388$1,084$476
22 years$2,632$2,079$1,627$1,262$972$407
23 years$2,491$1,945$1,502$1,149$872$348
24 years$2,362$1,822$1,389$1,048$784$297
25 years$2,243$1,710$1,286$957$705$254
26 years$2,134$1,607$1,193$875$635$218
27 years$2,033$1,512$1,108$801$573$187
28 years$1,939$1,425$1,030$734$517$160
29 years$1,852$1,344$958$673$467$137
30 years$1,771$1,270$893$618$422$118
31 years$1,695$1,200$832$567$381$101
32 years$1,624$1,136$777$521$345$87
33 years$1,558$1,075$725$479$312$74
34 years$1,496$1,019$677$441$283$64
35 years$1,437$967$633$406$256$55
36 years$1,382$918$593$374$232$47
37 years$1,330$872$555$345$210$40
38 years$1,280$828$519$318$191$35
39 years$1,234$788$487$293$173$30
40 years$1,189$749$456$270$157$26
41 years$1,147$713$428$249$142$22
42 years$1,108$679$401$230$129$19
43 years$1,070$647$376$212$117$16
44 years$1,034$617$353$196$106$14
45 years$999$588$332$181$97$12
46 years$967$561$312$167$88$10
47 years$935$536$293$154$80$9
48 years$905$511$275$143$72$8
49 years$877$488$259$132$66$7
50 years$849$466$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $870,000, adding $2,404 every year, while hoping to spend $53,911 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: 64/21/15 Blend
58$870,000$870,000$870,000$870,000
59$961,220$915,110$901,625$1,019,093
60$1,001,903$902,589$874,468$1,045,641
61$1,044,930$887,648$844,595$1,068,210
62$1,090,481$870,112$811,858$1,091,548
63$1,138,756$849,793$776,101$1,115,731
64$1,189,972$826,496$737,163$1,140,844
65$1,244,366$800,011$694,875$1,166,983
66$1,302,199$770,119$649,061$1,194,254
67$1,363,755$736,586$599,536$1,222,778
68$1,429,344$699,165$546,106$1,252,692
69$1,499,307$657,595$488,571$1,284,145
70$1,574,018$611,598$426,720$1,317,309
71$1,653,886$560,885$360,333$1,352,373
72$1,739,359$505,144$289,181$1,389,551
73$1,830,928$444,051$213,023$1,429,080
74$1,929,133$377,261$131,610$1,471,225
75$2,034,566$304,408$44,680$1,516,285
76$2,147,876$225,108$0$1,564,589
77$2,269,776$138,955$0$1,624,205
78$2,401,049$45,519$0$1,695,978
79$2,542,553$0$0$1,773,256
80$2,695,234$0$0$1,869,460
81$2,860,128$0$0$1,984,766
82$3,038,376$0$0$2,109,459
83$3,231,230$0$0$2,244,422
84$3,440,069$0$0$2,390,625
85$3,666,405$0$0$2,549,134
86$3,911,904$0$0$2,721,124
87$4,178,397$0$0$2,907,883
88$4,467,898$0$0$3,110,832
89$4,782,622$0$0$3,331,532
90$5,125,007$0$0$3,571,700
91$5,497,733$0$0$3,833,226
92$5,903,751$0$0$4,118,190
93$6,346,309$0$0$4,428,880
94$6,828,980$0$0$4,767,816
95$7,355,696$0$0$5,137,770
96$7,930,787$0$0$5,541,794
97$8,559,020$0$0$5,983,247
98$9,245,639$0$0$6,465,829
99$9,996,422$0$0$6,993,610
100$10,817,729$0$0$7,571,077