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%16.8%
1 years$71,844$71,204$70,579$69,970$69,375$67,452
2 years$35,566$34,904$34,262$33,639$33,036$31,112
3 years$23,475$22,810$22,170$21,553$20,959$19,096
4 years$17,431$16,768$16,134$15,528$14,948$13,160
5 years$13,805$13,146$12,521$11,927$11,363$9,654
6 years$11,389$10,735$10,118$9,538$8,992$7,363
7 years$9,664$9,015$8,408$7,842$7,313$5,765
8 years$8,371$7,728$7,131$6,578$6,066$4,600
9 years$7,365$6,728$6,142$5,603$5,109$3,721
10 years$6,561$5,931$5,355$4,830$4,353$3,042
11 years$5,904$5,280$4,714$4,204$3,744$2,508
12 years$5,357$4,739$4,184$3,687$3,244$2,081
13 years$4,894$4,282$3,738$3,255$2,829$1,736
14 years$4,498$3,893$3,359$2,890$2,480$1,454
15 years$4,154$3,556$3,032$2,577$2,183$1,222
16 years$3,854$3,263$2,749$2,307$1,930$1,030
17 years$3,590$3,005$2,502$2,073$1,711$871
18 years$3,355$2,776$2,284$1,868$1,521$737
19 years$3,145$2,573$2,091$1,688$1,356$625
20 years$2,957$2,391$1,919$1,529$1,211$531
21 years$2,786$2,227$1,765$1,388$1,084$452
22 years$2,632$2,079$1,627$1,262$972$385
23 years$2,491$1,945$1,502$1,149$872$328
24 years$2,362$1,822$1,389$1,048$784$279
25 years$2,243$1,710$1,286$957$705$238
26 years$2,134$1,607$1,193$875$635$203
27 years$2,033$1,512$1,108$801$573$174
28 years$1,939$1,425$1,030$734$517$148
29 years$1,852$1,344$958$673$467$127
30 years$1,771$1,270$893$618$422$108
31 years$1,695$1,200$832$567$381$93
32 years$1,624$1,136$777$521$345$79
33 years$1,558$1,075$725$479$312$68
34 years$1,496$1,019$677$441$283$58
35 years$1,437$967$633$406$256$50
36 years$1,382$918$593$374$232$42
37 years$1,330$872$555$345$210$36
38 years$1,280$828$519$318$191$31
39 years$1,234$788$487$293$173$27
40 years$1,189$749$456$270$157$23
41 years$1,147$713$428$249$142$19
42 years$1,108$679$401$230$129$17
43 years$1,070$647$376$212$117$14
44 years$1,034$617$353$196$106$12
45 years$999$588$332$181$97$10
46 years$967$561$312$167$88$9
47 years$935$536$293$154$80$8
48 years$905$511$275$143$72$7
49 years$877$488$259$132$66$6
50 years$849$466$243$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $870,000, adding $2,831 every year, while hoping to spend $58,715 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: 40/35/25 Blend
58$870,000$870,000$870,000$870,000
59$961,660$915,550$902,065$992,921
60$997,277$897,940$869,812$998,160
61$1,034,559$877,499$834,511$998,098
62$1,073,614$854,026$795,997$996,879
63$1,114,559$827,310$754,099$994,432
64$1,157,521$797,124$708,637$990,684
65$1,202,636$763,232$659,425$985,560
66$1,250,056$725,381$606,267$978,983
67$1,299,942$683,305$548,957$970,874
68$1,352,471$636,722$487,282$961,153
69$1,407,836$585,334$421,019$949,738
70$1,466,247$528,827$349,935$936,545
71$1,527,933$466,868$273,786$921,491
72$1,593,142$399,105$192,318$904,490
73$1,662,148$325,167$105,266$885,459
74$1,735,247$244,660$12,353$864,312
75$1,812,764$157,170$0$840,966
76$1,895,055$62,260$0$838,493
77$1,982,507$0$0$838,680
78$2,075,545$0$0$853,848
79$2,174,634$0$0$895,603
80$2,280,283$0$0$940,190
81$2,393,048$0$0$987,850
82$2,513,541$0$0$1,038,853
83$2,642,431$0$0$1,093,491
84$2,780,452$0$0$1,152,085
85$2,928,409$0$0$1,214,987
86$3,087,184$0$0$1,282,586
87$3,257,747$0$0$1,355,305
88$3,441,161$0$0$1,433,612
89$3,638,593$0$0$1,518,018
90$3,851,326$0$0$1,609,085
91$4,080,768$0$0$1,707,433
92$4,328,467$0$0$1,813,740
93$4,596,121$0$0$1,928,754
94$4,885,600$0$0$2,053,294
95$5,198,957$0$0$2,188,263
96$5,538,450$0$0$2,334,653
97$5,906,561$0$0$2,493,556
98$6,306,020$0$0$2,666,170
99$6,739,829$0$0$2,853,817
100$7,211,290$0$0$3,057,949