Can I retire at age 59 with 872,000?

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 $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%18.8%
1 years$72,009$71,368$70,742$70,131$69,535$67,067
2 years$35,648$34,984$34,341$33,717$33,112$30,652
3 years$23,529$22,862$22,221$21,603$21,007$18,633
4 years$17,471$16,806$16,171$15,564$14,983$12,712
5 years$13,837$13,176$12,549$11,954$11,390$9,228
6 years$11,415$10,760$10,142$9,560$9,012$6,961
7 years$9,686$9,036$8,428$7,860$7,329$5,389
8 years$8,390$7,745$7,147$6,593$6,080$4,249
9 years$7,382$6,744$6,156$5,616$5,121$3,395
10 years$6,576$5,944$5,367$4,841$4,363$2,741
11 years$5,918$5,292$4,725$4,213$3,752$2,231
12 years$5,369$4,750$4,193$3,696$3,252$1,827
13 years$4,905$4,292$3,746$3,263$2,836$1,503
14 years$4,508$3,902$3,366$2,896$2,486$1,242
15 years$4,164$3,564$3,039$2,583$2,189$1,029
16 years$3,863$3,270$2,756$2,313$1,934$855
17 years$3,598$3,012$2,507$2,078$1,715$712
18 years$3,363$2,783$2,289$1,873$1,525$594
19 years$3,153$2,579$2,095$1,692$1,359$497
20 years$2,964$2,397$1,923$1,533$1,214$415
21 years$2,793$2,232$1,769$1,391$1,086$348
22 years$2,638$2,084$1,630$1,265$974$291
23 years$2,496$1,949$1,505$1,152$874$244
24 years$2,367$1,826$1,392$1,050$786$205
25 years$2,248$1,714$1,289$959$707$172
26 years$2,139$1,611$1,196$877$637$145
27 years$2,037$1,516$1,110$803$574$122
28 years$1,943$1,428$1,032$736$518$102
29 years$1,856$1,347$961$675$468$86
30 years$1,775$1,272$895$619$423$72
31 years$1,699$1,203$834$569$382$61
32 years$1,628$1,138$778$523$346$51
33 years$1,562$1,078$727$481$313$43
34 years$1,499$1,022$679$442$283$36
35 years$1,440$969$635$407$257$30
36 years$1,385$920$594$375$232$26
37 years$1,333$874$556$345$211$22
38 years$1,283$830$521$318$191$18
39 years$1,236$789$488$294$173$15
40 years$1,192$751$457$271$157$13
41 years$1,150$715$429$250$143$11
42 years$1,110$681$402$231$129$9
43 years$1,072$649$377$213$117$8
44 years$1,036$618$354$196$107$6
45 years$1,002$590$333$181$97$5
46 years$969$563$312$168$88$5
47 years$937$537$293$155$80$4
48 years$907$512$276$143$72$3
49 years$879$489$259$132$66$3
50 years$851$467$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $872,000, adding $3,911 every year, while hoping to spend $38,661 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: 50/37/13 Blend
58$872,000$872,000$872,000$872,000
59$964,978$918,762$905,246$1,009,630
60$1,022,271$922,647$894,437$1,044,573
61$1,084,112$925,425$881,970$1,078,146
62$1,150,924$927,004$867,748$1,113,760
63$1,223,172$927,281$851,672$1,151,617
64$1,301,368$926,150$833,635$1,191,945
65$1,386,072$923,496$813,527$1,234,994
66$1,477,903$919,199$791,232$1,281,041
67$1,577,541$913,131$766,629$1,330,395
68$1,685,731$905,156$739,593$1,383,398
69$1,803,296$895,129$709,989$1,440,429
70$1,931,140$882,898$677,682$1,501,909
71$2,070,257$868,301$642,525$1,568,303
72$2,221,741$851,166$604,367$1,640,128
73$2,386,797$831,311$563,052$1,717,955
74$2,566,749$808,544$518,413$1,802,417
75$2,763,057$782,662$470,279$1,894,216
76$2,977,324$753,447$418,468$1,994,129
77$3,211,318$720,673$362,794$2,103,016
78$3,466,984$684,098$303,060$2,221,828
79$3,746,464$643,466$239,059$2,351,618
80$4,052,115$598,508$170,579$2,493,553
81$4,386,532$548,937$97,396$2,648,922
82$4,752,575$494,451$19,275$2,819,151
83$5,153,391$434,733$0$3,005,818
84$5,592,446$369,444$0$3,219,559
85$6,073,557$298,228$0$3,456,844
86$6,600,928$220,709$0$3,717,167
87$7,179,188$136,489$0$4,002,923
88$7,813,437$45,149$0$4,316,761
89$8,509,292$0$0$4,661,601
90$9,272,939$0$0$5,062,558
91$10,111,192$0$0$5,522,960
92$11,031,558$0$0$6,028,560
93$12,042,306$0$0$6,583,913
94$13,152,544$0$0$7,194,035
95$14,372,307$0$0$7,864,454
96$15,712,649$0$0$8,601,260
97$17,185,749$0$0$9,411,161
98$18,805,023$0$0$10,301,548
99$20,585,252$0$0$11,280,564
100$22,542,721$0$0$12,357,179