Can I retire at age 59 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$72,339$71,695$71,066$70,453$69,853$68,527
2 years$35,812$35,145$34,498$33,871$33,264$31,933
3 years$23,637$22,967$22,323$21,702$21,104$19,809
4 years$17,551$16,883$16,245$15,635$15,051$13,804
5 years$13,901$13,237$12,607$12,009$11,442$10,244
6 years$11,468$10,809$10,188$9,604$9,054$7,908
7 years$9,730$9,077$8,466$7,896$7,363$6,269
8 years$8,428$7,781$7,180$6,624$6,108$5,066
9 years$7,416$6,775$6,184$5,642$5,144$4,153
10 years$6,606$5,972$5,392$4,863$4,383$3,442
11 years$5,945$5,316$4,747$4,233$3,770$2,877
12 years$5,394$4,771$4,213$3,713$3,267$2,422
13 years$4,928$4,312$3,764$3,278$2,849$2,050
14 years$4,529$3,919$3,382$2,909$2,497$1,743
15 years$4,183$3,581$3,053$2,595$2,199$1,488
16 years$3,881$3,285$2,768$2,323$1,943$1,274
17 years$3,615$3,025$2,519$2,087$1,723$1,094
18 years$3,378$2,796$2,299$1,881$1,532$942
19 years$3,167$2,591$2,105$1,700$1,365$812
20 years$2,977$2,408$1,932$1,540$1,220$701
21 years$2,806$2,243$1,777$1,397$1,091$607
22 years$2,650$2,093$1,638$1,270$978$525
23 years$2,508$1,958$1,512$1,157$878$455
24 years$2,378$1,834$1,399$1,055$789$395
25 years$2,258$1,722$1,295$964$710$343
26 years$2,148$1,618$1,201$881$640$298
27 years$2,047$1,523$1,116$807$577$259
28 years$1,952$1,435$1,037$739$520$225
29 years$1,865$1,354$965$678$470$196
30 years$1,783$1,278$899$622$425$171
31 years$1,707$1,208$838$571$384$149
32 years$1,636$1,143$782$525$347$129
33 years$1,569$1,083$730$483$314$113
34 years$1,506$1,026$682$444$285$98
35 years$1,447$973$638$409$258$86
36 years$1,391$924$597$377$234$75
37 years$1,339$878$558$347$212$65
38 years$1,289$834$523$320$192$57
39 years$1,242$793$490$295$174$49
40 years$1,198$754$459$272$158$43
41 years$1,155$718$431$251$143$38
42 years$1,115$684$404$232$130$33
43 years$1,077$652$379$214$118$29
44 years$1,041$621$356$197$107$25
45 years$1,006$592$334$182$97$22
46 years$973$565$314$168$88$19
47 years$942$539$295$156$80$17
48 years$912$515$277$144$73$14
49 years$883$492$260$133$66$13
50 years$855$470$245$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $876,000, adding $2,543 every year, while hoping to spend $22,690 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: 63/31/6 Blend
58$876,000$876,000$876,000$876,000
59$967,975$921,547$907,969$1,027,794
60$1,042,567$942,561$914,244$1,088,983
61$1,124,006$963,844$919,969$1,152,861
62$1,212,968$985,385$925,101$1,222,010
63$1,310,194$1,007,173$929,596$1,296,941
64$1,416,503$1,029,194$933,407$1,378,212
65$1,532,795$1,051,433$936,484$1,466,442
66$1,660,061$1,073,874$938,777$1,562,309
67$1,799,391$1,096,498$940,230$1,666,563
68$1,951,989$1,119,286$940,787$1,780,027
69$2,119,177$1,142,216$940,389$1,903,610
70$2,302,412$1,165,264$938,971$2,038,312
71$2,503,301$1,188,404$936,469$2,185,236
72$2,723,611$1,211,609$932,814$2,345,594
73$2,965,288$1,234,848$927,933$2,520,726
74$3,230,479$1,258,087$921,750$2,712,103
75$3,521,546$1,281,290$914,186$2,921,351
76$3,841,090$1,304,420$905,158$3,150,259
77$4,191,979$1,327,434$894,578$3,400,796
78$4,577,369$1,350,288$882,356$3,675,136
79$5,000,741$1,372,932$868,395$3,975,673
80$5,465,926$1,395,315$852,595$4,305,042
81$5,977,145$1,417,380$834,852$4,666,152
82$6,539,051$1,439,068$815,056$5,062,205
83$7,156,766$1,460,315$793,093$5,496,729
84$7,835,936$1,481,050$768,841$5,973,615
85$8,582,781$1,501,201$742,177$6,497,149
86$9,404,152$1,520,687$712,968$7,072,055
87$10,307,601$1,539,426$681,077$7,703,538
88$11,301,444$1,557,325$646,360$8,397,334
89$12,394,846$1,574,290$608,669$9,159,767
90$13,597,907$1,590,216$567,845$9,997,804
91$14,921,751$1,604,995$523,726$10,919,123
92$16,378,639$1,618,508$476,140$11,932,187
93$17,982,077$1,630,632$424,908$13,046,323
94$19,746,950$1,641,234$369,843$14,271,810
95$21,689,657$1,650,173$310,751$15,619,974
96$23,828,268$1,657,298$247,428$17,103,300
97$26,182,695$1,662,449$179,660$18,735,546
98$28,774,878$1,665,457$107,227$20,531,877
99$31,628,993$1,666,142$29,896$22,509,003
100$34,771,678$1,664,310$0$24,685,342