Can I retire at age 59 with 874,000?

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 $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%15.5%
1 years$72,174$71,531$70,904$70,292$69,694$68,120
2 years$35,730$35,064$34,419$33,794$33,188$31,610
3 years$23,583$22,915$22,272$21,652$21,056$19,524
4 years$17,511$16,845$16,208$15,599$15,017$13,543
5 years$13,869$13,207$12,578$11,982$11,416$10,004
6 years$11,441$10,784$10,165$9,582$9,033$7,684
7 years$9,708$9,057$8,447$7,878$7,346$6,061
8 years$8,409$7,763$7,164$6,608$6,094$4,872
9 years$7,399$6,759$6,170$5,629$5,132$3,972
10 years$6,591$5,958$5,379$4,852$4,373$3,274
11 years$5,931$5,304$4,736$4,223$3,761$2,721
12 years$5,381$4,761$4,203$3,704$3,259$2,277
13 years$4,916$4,302$3,755$3,270$2,842$1,916
14 years$4,518$3,911$3,374$2,903$2,491$1,620
15 years$4,174$3,572$3,046$2,589$2,194$1,374
16 years$3,872$3,278$2,762$2,318$1,939$1,169
17 years$3,607$3,019$2,513$2,083$1,719$998
18 years$3,371$2,789$2,294$1,877$1,528$853
19 years$3,160$2,585$2,100$1,696$1,362$730
20 years$2,970$2,402$1,927$1,536$1,217$627
21 years$2,799$2,238$1,773$1,394$1,089$538
22 years$2,644$2,089$1,634$1,268$976$463
23 years$2,502$1,953$1,509$1,154$876$398
24 years$2,372$1,830$1,395$1,053$788$343
25 years$2,253$1,718$1,292$962$709$296
26 years$2,144$1,614$1,199$879$638$255
27 years$2,042$1,519$1,113$805$576$220
28 years$1,948$1,432$1,035$737$519$190
29 years$1,861$1,351$963$676$469$164
30 years$1,779$1,275$897$620$424$142
31 years$1,703$1,206$836$570$383$123
32 years$1,632$1,141$780$524$346$106
33 years$1,565$1,080$728$482$314$92
34 years$1,503$1,024$681$443$284$79
35 years$1,444$971$636$408$257$69
36 years$1,388$922$595$376$233$59
37 years$1,336$876$557$346$211$51
38 years$1,286$832$522$319$191$44
39 years$1,239$791$489$294$174$38
40 years$1,195$753$458$271$157$33
41 years$1,153$717$430$250$143$29
42 years$1,113$682$403$231$130$25
43 years$1,075$650$378$213$118$22
44 years$1,038$620$355$197$107$19
45 years$1,004$591$333$182$97$16
46 years$971$564$313$168$88$14
47 years$940$538$294$155$80$12
48 years$910$514$276$143$73$10
49 years$881$490$260$133$66$9
50 years$853$469$244$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $874,000, adding $3,307 every year, while hoping to spend $56,900 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: 53/20/27 Blend
58$874,000$874,000$874,000$874,000
59$966,559$920,237$906,690$1,010,353
60$1,004,607$904,788$876,523$1,025,578
61$1,044,629$886,674$843,438$1,036,060
62$1,086,766$865,706$807,278$1,046,325
63$1,131,171$841,681$767,878$1,056,373
64$1,178,013$814,386$725,064$1,066,211
65$1,227,474$783,594$678,658$1,075,847
66$1,279,753$749,067$628,469$1,085,295
67$1,335,068$710,551$574,303$1,094,574
68$1,393,655$667,778$515,952$1,103,709
69$1,455,774$620,466$453,203$1,112,732
70$1,521,708$568,314$385,830$1,121,684
71$1,591,767$511,006$313,600$1,130,613
72$1,666,289$448,207$236,268$1,139,580
73$1,745,646$379,564$153,578$1,148,655
74$1,830,243$304,704$65,264$1,157,924
75$1,920,525$223,232$0$1,167,485
76$2,016,980$134,731$0$1,185,805
77$2,120,140$38,761$0$1,225,277
78$2,230,591$0$0$1,267,322
79$2,348,976$0$0$1,326,549
80$2,475,998$0$0$1,399,308
81$2,612,431$0$0$1,477,518
82$2,759,122$0$0$1,561,672
83$2,917,002$0$0$1,652,315
84$3,087,094$0$0$1,750,040
85$3,270,521$0$0$1,855,503
86$3,468,517$0$0$1,969,422
87$3,682,438$0$0$2,092,588
88$3,913,772$0$0$2,225,868
89$4,164,157$0$0$2,370,218
90$4,435,395$0$0$2,526,687
91$4,729,463$0$0$2,696,429
92$5,048,538$0$0$2,880,713
93$5,395,014$0$0$3,080,936
94$5,771,523$0$0$3,298,633
95$6,180,962$0$0$3,535,493
96$6,626,518$0$0$3,793,376
97$7,111,696$0$0$4,074,326
98$7,640,354$0$0$4,380,595
99$8,216,738$0$0$4,714,660
100$8,845,520$0$0$5,079,248