Can I retire at age 59 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$72,009$71,368$70,742$70,131$69,535$68,923
2 years$35,648$34,984$34,341$33,717$33,112$32,496
3 years$23,529$22,862$22,221$21,603$21,007$20,406
4 years$17,471$16,806$16,171$15,564$14,983$14,400
5 years$13,837$13,176$12,549$11,954$11,390$10,828
6 years$11,415$10,760$10,142$9,560$9,012$8,472
7 years$9,686$9,036$8,428$7,860$7,329$6,811
8 years$8,390$7,745$7,147$6,593$6,080$5,583
9 years$7,382$6,744$6,156$5,616$5,121$4,645
10 years$6,576$5,944$5,367$4,841$4,363$3,909
11 years$5,918$5,292$4,725$4,213$3,752$3,319
12 years$5,369$4,750$4,193$3,696$3,252$2,839
13 years$4,905$4,292$3,746$3,263$2,836$2,442
14 years$4,508$3,902$3,366$2,896$2,486$2,112
15 years$4,164$3,564$3,039$2,583$2,189$1,834
16 years$3,863$3,270$2,756$2,313$1,934$1,598
17 years$3,598$3,012$2,507$2,078$1,715$1,397
18 years$3,363$2,783$2,289$1,873$1,525$1,224
19 years$3,153$2,579$2,095$1,692$1,359$1,075
20 years$2,964$2,397$1,923$1,533$1,214$946
21 years$2,793$2,232$1,769$1,391$1,086$833
22 years$2,638$2,084$1,630$1,265$974$735
23 years$2,496$1,949$1,505$1,152$874$650
24 years$2,367$1,826$1,392$1,050$786$575
25 years$2,248$1,714$1,289$959$707$509
26 years$2,139$1,611$1,196$877$637$451
27 years$2,037$1,516$1,110$803$574$400
28 years$1,943$1,428$1,032$736$518$355
29 years$1,856$1,347$961$675$468$315
30 years$1,775$1,272$895$619$423$280
31 years$1,699$1,203$834$569$382$249
32 years$1,628$1,138$778$523$346$221
33 years$1,562$1,078$727$481$313$197
34 years$1,499$1,022$679$442$283$175
35 years$1,440$969$635$407$257$156
36 years$1,385$920$594$375$232$139
37 years$1,333$874$556$345$211$124
38 years$1,283$830$521$318$191$110
39 years$1,236$789$488$294$173$98
40 years$1,192$751$457$271$157$87
41 years$1,150$715$429$250$143$78
42 years$1,110$681$402$231$129$69
43 years$1,072$649$377$213$117$62
44 years$1,036$618$354$196$107$55
45 years$1,002$590$333$181$97$49
46 years$969$563$312$168$88$44
47 years$937$537$293$155$80$39
48 years$907$512$276$143$72$35
49 years$879$489$259$132$66$31
50 years$851$467$244$122$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $872,000, adding $2,316 every year, while hoping to spend $26,894 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: 27/47/26 Blend
58$872,000$872,000$872,000$872,000
59$963,333$917,117$903,601$981,461
60$1,032,978$933,441$905,257$1,012,514
61$1,108,825$949,663$906,066$1,043,351
62$1,191,479$965,750$905,973$1,075,906
63$1,281,605$981,667$904,918$1,110,342
64$1,379,934$997,374$902,839$1,146,843
65$1,487,273$1,012,830$899,669$1,185,610
66$1,604,507$1,027,992$895,340$1,226,866
67$1,732,614$1,042,810$889,781$1,270,859
68$1,872,667$1,057,235$882,915$1,317,864
69$2,025,851$1,071,211$874,665$1,368,184
70$2,193,468$1,084,680$864,946$1,422,157
71$2,376,952$1,097,581$853,673$1,480,155
72$2,577,885$1,109,845$840,754$1,542,591
73$2,798,004$1,121,403$826,095$1,609,922
74$3,039,227$1,132,178$809,595$1,682,654
75$3,303,663$1,142,090$791,152$1,761,348
76$3,593,636$1,151,052$770,655$1,846,622
77$3,911,706$1,158,972$747,991$1,939,164
78$4,260,692$1,165,754$723,040$2,039,731
79$4,643,699$1,171,292$695,679$2,149,162
80$5,064,148$1,175,478$665,776$2,268,387
81$5,525,807$1,178,192$633,195$2,398,432
82$6,032,827$1,179,310$597,794$2,540,432
83$6,589,778$1,178,700$559,424$2,695,642
84$7,201,700$1,176,220$517,929$2,865,449
85$7,874,140$1,171,722$473,146$3,051,388
86$8,613,212$1,165,045$424,906$3,255,153
87$9,425,650$1,156,023$373,031$3,478,618
88$10,318,874$1,144,477$317,335$3,723,853
89$11,301,060$1,130,216$257,626$3,993,144
90$12,381,212$1,113,041$193,701$4,289,019
91$13,569,255$1,092,739$125,349$4,614,268
92$14,876,120$1,069,085$52,350$4,971,975
93$16,313,854$1,041,839$0$5,365,543
94$17,895,729$1,010,751$0$5,805,823
95$19,636,367$975,552$0$6,305,837
96$21,551,881$935,959$0$6,855,699
97$23,660,025$891,673$0$7,460,546
98$25,980,360$842,377$0$8,126,039
99$28,534,441$787,737$0$8,858,428
100$31,346,015$727,398$0$9,664,602