Can I retire at age 59 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$72,092$71,449$70,823$70,211$69,614$68,830
2 years$35,689$35,024$34,380$33,755$33,150$32,360
3 years$23,556$22,889$22,246$21,627$21,031$20,261
4 years$17,491$16,826$16,190$15,581$15,000$14,255
5 years$13,853$13,191$12,564$11,968$11,403$10,685
6 years$11,428$10,772$10,153$9,571$9,023$8,333
7 years$9,697$9,046$8,437$7,869$7,338$6,677
8 years$8,399$7,754$7,156$6,601$6,087$5,455
9 years$7,390$6,751$6,163$5,623$5,126$4,522
10 years$6,584$5,951$5,373$4,847$4,368$3,792
11 years$5,924$5,298$4,730$4,218$3,757$3,207
12 years$5,375$4,755$4,198$3,700$3,255$2,733
13 years$4,911$4,297$3,751$3,266$2,839$2,343
14 years$4,513$3,906$3,370$2,900$2,488$2,018
15 years$4,169$3,568$3,043$2,586$2,191$1,745
16 years$3,868$3,274$2,759$2,315$1,936$1,514
17 years$3,602$3,015$2,510$2,080$1,717$1,318
18 years$3,367$2,786$2,292$1,875$1,527$1,150
19 years$3,156$2,582$2,098$1,694$1,361$1,005
20 years$2,967$2,399$1,925$1,534$1,215$881
21 years$2,796$2,235$1,771$1,392$1,088$773
22 years$2,641$2,086$1,632$1,266$975$679
23 years$2,499$1,951$1,507$1,153$875$597
24 years$2,370$1,828$1,394$1,052$787$526
25 years$2,251$1,716$1,291$960$708$463
26 years$2,141$1,612$1,197$878$638$409
27 years$2,040$1,517$1,112$804$575$361
28 years$1,946$1,430$1,033$736$519$319
29 years$1,858$1,349$962$675$468$282
30 years$1,777$1,274$896$620$423$249
31 years$1,701$1,204$835$569$383$220
32 years$1,630$1,140$779$523$346$195
33 years$1,563$1,079$728$481$313$172
34 years$1,501$1,023$680$443$284$153
35 years$1,442$970$636$407$257$135
36 years$1,387$921$595$375$233$120
37 years$1,334$875$556$346$211$106
38 years$1,285$831$521$319$191$94
39 years$1,238$790$488$294$173$83
40 years$1,194$752$458$271$157$74
41 years$1,151$716$429$250$143$65
42 years$1,111$682$403$231$129$58
43 years$1,073$649$378$213$118$51
44 years$1,037$619$355$197$107$46
45 years$1,003$590$333$182$97$40
46 years$970$563$313$168$88$36
47 years$938$537$294$155$80$32
48 years$908$513$276$143$73$28
49 years$880$490$259$132$66$25
50 years$852$468$244$122$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $873,000, adding $3,184 every year, while hoping to spend $20,327 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: 49/23/28 Blend
58$873,000$873,000$873,000$873,000
59$965,330$919,061$905,530$1,004,811
60$1,042,166$942,468$914,237$1,056,228
61$1,126,158$966,339$922,555$1,109,796
62$1,218,014$990,678$930,449$1,167,603
63$1,318,515$1,015,485$937,882$1,230,059
64$1,428,520$1,040,759$944,817$1,297,616
65$1,548,973$1,066,501$951,213$1,370,775
66$1,680,917$1,092,708$957,027$1,450,084
67$1,825,499$1,119,379$962,216$1,536,149
68$1,983,981$1,146,510$966,732$1,629,639
69$2,157,756$1,174,098$970,526$1,731,290
70$2,348,355$1,202,137$973,547$1,841,912
71$2,557,466$1,230,621$975,740$1,962,401
72$2,786,949$1,259,542$977,048$2,093,741
73$3,038,850$1,288,892$977,411$2,237,018
74$3,315,425$1,318,660$976,767$2,393,431
75$3,619,160$1,348,835$975,050$2,564,300
76$3,952,790$1,379,405$972,190$2,751,078
77$4,319,332$1,410,353$968,116$2,955,370
78$4,722,107$1,441,663$962,750$3,178,944
79$5,164,774$1,473,317$956,015$3,423,747
80$5,651,365$1,505,293$947,826$3,691,928
81$6,186,322$1,537,570$938,095$3,985,856
82$6,774,537$1,570,122$926,732$4,308,138
83$7,421,403$1,602,921$913,641$4,661,653
84$8,132,859$1,635,936$898,720$5,049,571
85$8,915,449$1,669,136$881,866$5,475,388
86$9,776,384$1,702,482$862,967$5,942,956
87$10,723,608$1,735,937$841,910$6,456,525
88$11,765,875$1,769,458$818,573$7,020,773
89$12,912,830$1,802,997$792,831$7,640,864
90$14,175,100$1,836,505$764,552$8,322,483
91$15,564,394$1,869,927$733,598$9,071,903
92$17,093,614$1,903,205$699,826$9,896,033
93$18,776,977$1,936,276$663,084$10,802,491
94$20,630,146$1,969,072$623,215$11,799,675
95$22,670,384$2,001,519$580,055$12,896,840
96$24,916,708$2,033,539$533,432$14,104,186
97$27,390,077$2,065,046$483,167$15,432,959
98$30,113,583$2,095,952$429,071$16,895,551
99$33,112,673$2,126,158$370,949$18,505,625
100$36,415,386$2,155,560$308,597$20,278,236