Can I retire at age 59 with 874,000?

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 $874,000?

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$72,174$71,531$70,904$70,292$69,694$68,909
2 years$35,730$35,064$34,419$33,794$33,188$32,397
3 years$23,583$22,915$22,272$21,652$21,056$20,284
4 years$17,511$16,845$16,208$15,599$15,017$14,271
5 years$13,869$13,207$12,578$11,982$11,416$10,697
6 years$11,441$10,784$10,165$9,582$9,033$8,343
7 years$9,708$9,057$8,447$7,878$7,346$6,684
8 years$8,409$7,763$7,164$6,608$6,094$5,461
9 years$7,399$6,759$6,170$5,629$5,132$4,527
10 years$6,591$5,958$5,379$4,852$4,373$3,796
11 years$5,931$5,304$4,736$4,223$3,761$3,211
12 years$5,381$4,761$4,203$3,704$3,259$2,736
13 years$4,916$4,302$3,755$3,270$2,842$2,345
14 years$4,518$3,911$3,374$2,903$2,491$2,020
15 years$4,174$3,572$3,046$2,589$2,194$1,747
16 years$3,872$3,278$2,762$2,318$1,939$1,516
17 years$3,607$3,019$2,513$2,083$1,719$1,319
18 years$3,371$2,789$2,294$1,877$1,528$1,151
19 years$3,160$2,585$2,100$1,696$1,362$1,006
20 years$2,970$2,402$1,927$1,536$1,217$882
21 years$2,799$2,238$1,773$1,394$1,089$773
22 years$2,644$2,089$1,634$1,268$976$680
23 years$2,502$1,953$1,509$1,154$876$598
24 years$2,372$1,830$1,395$1,053$788$526
25 years$2,253$1,718$1,292$962$709$464
26 years$2,144$1,614$1,199$879$638$409
27 years$2,042$1,519$1,113$805$576$361
28 years$1,948$1,432$1,035$737$519$319
29 years$1,861$1,351$963$676$469$282
30 years$1,779$1,275$897$620$424$249
31 years$1,703$1,206$836$570$383$220
32 years$1,632$1,141$780$524$346$195
33 years$1,565$1,080$728$482$314$173
34 years$1,503$1,024$681$443$284$153
35 years$1,444$971$636$408$257$135
36 years$1,388$922$595$376$233$120
37 years$1,336$876$557$346$211$106
38 years$1,286$832$522$319$191$94
39 years$1,239$791$489$294$174$83
40 years$1,195$753$458$271$157$74
41 years$1,153$717$430$250$143$66
42 years$1,113$682$403$231$130$58
43 years$1,075$650$378$213$118$52
44 years$1,038$620$355$197$107$46
45 years$1,004$591$333$182$97$41
46 years$971$564$313$168$88$36
47 years$940$538$294$155$80$32
48 years$910$514$276$143$73$28
49 years$881$490$260$133$66$25
50 years$853$469$244$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $874,000, adding $6,121 every year, while hoping to spend $59,875 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: 43/41/16 Blend
58$874,000$874,000$874,000$874,000
59$969,462$923,140$909,593$1,006,395
60$1,004,640$904,667$876,358$1,014,477
61$1,041,400$883,283$840,002$1,016,826
62$1,079,840$858,780$800,359$1,018,091
63$1,120,065$830,942$757,253$1,018,199
64$1,162,191$799,537$710,500$1,017,076
65$1,206,342$764,322$659,909$1,014,643
66$1,252,653$725,038$605,280$1,010,821
67$1,301,270$681,411$546,403$1,005,527
68$1,352,353$633,154$483,061$998,677
69$1,406,075$579,960$415,026$990,183
70$1,462,623$521,507$342,058$979,957
71$1,522,203$457,453$263,909$967,907
72$1,585,037$387,438$180,319$953,943
73$1,651,369$311,080$91,018$937,969
74$1,721,463$227,978$0$919,892
75$1,795,609$137,706$0$900,350
76$1,874,123$39,815$0$895,145
77$1,957,349$0$0$888,683
78$2,045,664$0$0$910,781
79$2,139,480$0$0$953,391
80$2,239,248$0$0$998,764
81$2,345,460$0$0$1,047,130
82$2,458,658$0$0$1,098,745
83$2,579,431$0$0$1,153,886
84$2,708,428$0$0$1,212,857
85$2,846,358$0$0$1,275,994
86$2,993,999$0$0$1,343,663
87$3,152,206$0$0$1,416,266
88$3,321,913$0$0$1,494,244
89$3,504,148$0$0$1,578,082
90$3,700,038$0$0$1,668,311
91$3,910,821$0$0$1,765,516
92$4,137,855$0$0$1,870,336
93$4,382,633$0$0$1,983,478
94$4,646,793$0$0$2,105,715
95$4,932,138$0$0$2,237,898
96$5,240,645$0$0$2,380,961
97$5,574,492$0$0$2,535,933
98$5,936,069$0$0$2,703,944
99$6,328,006$0$0$2,886,236
100$6,753,193$0$0$3,084,176