Can I retire at age 59 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,257$71,613$70,985$70,372$69,774$68,902
2 years$35,771$35,104$34,459$33,833$33,226$32,348
3 years$23,610$22,941$22,297$21,677$21,080$20,224
4 years$17,531$16,864$16,227$15,617$15,034$14,207
5 years$13,885$13,222$12,593$11,995$11,429$10,633
6 years$11,455$10,797$10,177$9,593$9,043$8,279
7 years$9,719$9,067$8,457$7,887$7,355$6,622
8 years$8,419$7,772$7,172$6,616$6,101$5,401
9 years$7,407$6,767$6,177$5,635$5,138$4,470
10 years$6,599$5,965$5,385$4,858$4,378$3,741
11 years$5,938$5,310$4,741$4,228$3,765$3,159
12 years$5,387$4,766$4,208$3,708$3,263$2,686
13 years$4,922$4,307$3,759$3,274$2,845$2,298
14 years$4,523$3,915$3,378$2,906$2,494$1,975
15 years$4,178$3,576$3,050$2,592$2,196$1,705
16 years$3,877$3,281$2,765$2,321$1,941$1,476
17 years$3,611$3,022$2,516$2,085$1,721$1,282
18 years$3,375$2,792$2,297$1,879$1,530$1,116
19 years$3,164$2,588$2,103$1,698$1,364$974
20 years$2,974$2,405$1,930$1,538$1,218$851
21 years$2,802$2,240$1,775$1,396$1,090$745
22 years$2,647$2,091$1,636$1,269$977$653
23 years$2,505$1,956$1,510$1,156$877$573
24 years$2,375$1,832$1,397$1,054$788$504
25 years$2,256$1,720$1,294$963$709$443
26 years$2,146$1,616$1,200$880$639$390
27 years$2,044$1,521$1,114$806$576$343
28 years$1,950$1,433$1,036$738$520$302
29 years$1,863$1,352$964$677$469$266
30 years$1,781$1,277$898$621$424$235
31 years$1,705$1,207$837$571$383$207
32 years$1,634$1,142$781$524$347$183
33 years$1,567$1,082$729$482$314$162
34 years$1,504$1,025$681$444$284$143
35 years$1,445$972$637$408$257$126
36 years$1,390$923$596$376$233$111
37 years$1,337$877$558$347$211$98
38 years$1,288$833$522$319$192$87
39 years$1,241$792$489$295$174$77
40 years$1,196$754$459$272$158$68
41 years$1,154$717$430$251$143$60
42 years$1,114$683$403$231$130$53
43 years$1,076$651$379$214$118$47
44 years$1,040$620$355$197$107$42
45 years$1,005$592$334$182$97$37
46 years$972$564$313$168$88$33
47 years$941$539$294$155$80$29
48 years$911$514$277$144$73$25
49 years$882$491$260$133$66$23
50 years$854$469$244$123$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $875,000, adding $2,297 every year, while hoping to spend $31,739 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: 32/43/25 Blend
58$875,000$875,000$875,000$875,000
59$966,619$920,244$906,682$990,080
60$1,031,444$931,566$903,286$1,019,413
61$1,101,818$942,379$898,712$1,047,991
62$1,178,272$952,625$892,888$1,078,137
63$1,261,393$962,240$885,737$1,110,009
64$1,351,825$971,160$877,178$1,143,783
65$1,450,276$979,312$867,129$1,179,657
66$1,557,528$986,621$855,501$1,217,848
67$1,674,438$993,008$842,202$1,258,599
68$1,801,950$998,385$827,136$1,302,180
69$1,941,106$1,002,663$810,202$1,348,891
70$2,093,050$1,005,744$791,295$1,399,064
71$2,259,041$1,007,526$770,303$1,453,069
72$2,440,467$1,007,898$747,112$1,511,316
73$2,638,855$1,006,746$721,601$1,574,260
74$2,855,886$1,003,945$693,643$1,642,405
75$3,093,413$999,364$663,106$1,716,313
76$3,353,473$992,865$629,852$1,796,602
77$3,638,313$984,301$593,737$1,883,962
78$3,950,404$973,515$554,611$1,979,155
79$4,292,469$960,341$512,314$2,083,026
80$4,667,507$944,604$466,683$2,196,510
81$5,078,821$926,117$417,545$2,320,644
82$5,530,048$904,685$364,721$2,456,575
83$6,025,197$880,098$308,022$2,605,575
84$6,568,679$852,135$247,253$2,769,049
85$7,165,358$820,563$182,209$2,948,554
86$7,820,588$785,134$112,677$3,145,811
87$8,540,268$745,587$38,432$3,362,726
88$9,330,899$701,644$0$3,601,405
89$10,199,639$653,013$0$3,875,061
90$11,154,376$599,384$0$4,187,035
91$12,203,798$540,430$0$4,529,982
92$13,357,479$475,805$0$4,907,120
93$14,625,967$405,143$0$5,322,002
94$16,020,879$328,059$0$5,778,553
95$17,555,019$244,144$0$6,281,101
96$19,242,492$152,968$0$6,834,426
97$21,098,838$54,076$0$7,443,803
98$23,141,180$0$0$8,115,052
99$25,388,384$0$0$8,879,681
100$27,861,237$0$0$9,749,400