Can I retire at age 59 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$72,422$71,777$71,147$70,533$69,933$68,775
2 years$35,852$35,185$34,538$33,910$33,302$32,138
3 years$23,664$22,994$22,348$21,727$21,128$19,995
4 years$17,571$16,903$16,264$15,653$15,069$13,975
5 years$13,916$13,252$12,621$12,023$11,455$10,404
6 years$11,481$10,821$10,200$9,615$9,064$8,057
7 years$9,742$9,088$8,476$7,905$7,371$6,409
8 years$8,438$7,790$7,188$6,631$6,115$5,197
9 years$7,424$6,782$6,191$5,648$5,150$4,276
10 years$6,614$5,978$5,398$4,869$4,388$3,557
11 years$5,951$5,322$4,752$4,237$3,774$2,984
12 years$5,400$4,777$4,217$3,717$3,270$2,522
13 years$4,933$4,317$3,768$3,281$2,852$2,143
14 years$4,534$3,924$3,386$2,913$2,500$1,830
15 years$4,188$3,585$3,057$2,598$2,201$1,569
16 years$3,885$3,289$2,771$2,326$1,945$1,349
17 years$3,619$3,029$2,522$2,090$1,725$1,163
18 years$3,382$2,799$2,302$1,883$1,534$1,006
19 years$3,171$2,594$2,107$1,702$1,367$871
20 years$2,981$2,410$1,934$1,541$1,221$756
21 years$2,809$2,245$1,779$1,399$1,093$656
22 years$2,653$2,096$1,640$1,272$979$571
23 years$2,511$1,960$1,514$1,158$879$497
24 years$2,381$1,837$1,400$1,056$790$433
25 years$2,261$1,724$1,297$965$711$378
26 years$2,151$1,620$1,203$882$641$330
27 years$2,049$1,524$1,117$807$577$288
28 years$1,955$1,436$1,038$740$521$252
29 years$1,867$1,355$966$678$471$220
30 years$1,785$1,280$900$623$425$193
31 years$1,709$1,210$839$572$384$169
32 years$1,638$1,145$783$526$348$148
33 years$1,571$1,084$731$483$315$129
34 years$1,508$1,027$683$445$285$113
35 years$1,449$975$638$409$258$99
36 years$1,393$925$597$377$234$87
37 years$1,340$879$559$347$212$76
38 years$1,291$835$524$320$192$67
39 years$1,244$794$490$295$174$58
40 years$1,199$755$460$272$158$51
41 years$1,157$719$431$251$143$45
42 years$1,117$685$404$232$130$39
43 years$1,078$652$379$214$118$35
44 years$1,042$622$356$198$107$30
45 years$1,007$593$334$182$97$27
46 years$974$566$314$169$88$23
47 years$943$540$295$156$80$20
48 years$913$515$277$144$73$18
49 years$884$492$261$133$66$16
50 years$856$470$245$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $877,000, adding $2,695 every year, while hoping to spend $23,396 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: 56/33/11 Blend
58$877,000$877,000$877,000$877,000
59$969,234$922,753$909,159$1,020,707
60$1,043,203$943,075$914,723$1,076,152
61$1,123,932$963,608$919,689$1,133,704
62$1,212,087$984,339$924,012$1,195,837
63$1,308,399$1,005,251$927,646$1,262,990
64$1,413,675$1,026,327$930,542$1,335,649
65$1,528,801$1,047,548$932,646$1,414,349
66$1,654,754$1,068,894$933,905$1,499,680
67$1,792,610$1,090,341$934,262$1,592,291
68$1,943,554$1,111,864$933,657$1,692,898
69$2,108,888$1,133,437$932,026$1,802,289
70$2,290,050$1,155,031$929,304$1,921,333
71$2,488,621$1,176,614$925,422$2,050,988
72$2,706,343$1,198,151$920,307$2,192,307
73$2,945,136$1,219,606$913,882$2,346,455
74$3,207,111$1,240,938$906,069$2,514,712
75$3,494,598$1,262,105$896,784$2,698,491
76$3,810,160$1,283,061$885,939$2,899,348
77$4,156,621$1,303,756$873,443$3,118,999
78$4,537,092$1,324,136$859,199$3,359,334
79$4,955,002$1,344,145$843,108$3,622,436
80$5,414,124$1,363,721$825,065$3,910,604
81$5,918,619$1,382,797$804,959$4,226,368
82$6,473,069$1,401,305$782,675$4,572,519
83$7,082,521$1,419,168$758,094$4,952,133
84$7,752,537$1,436,306$731,089$5,368,599
85$8,489,244$1,452,633$701,528$5,825,654
86$9,299,392$1,468,057$669,275$6,327,416
87$10,190,419$1,482,481$634,185$6,878,426
88$11,170,519$1,495,800$596,108$7,483,687
89$12,248,721$1,507,903$554,886$8,148,714
90$13,434,972$1,518,672$510,357$8,879,587
91$14,740,233$1,527,980$462,347$9,683,007
92$16,176,579$1,535,694$410,678$10,566,359
93$17,757,317$1,541,670$355,162$11,537,784
94$19,497,108$1,545,756$295,605$12,606,256
95$21,412,107$1,547,792$231,802$13,781,664
96$23,520,114$1,547,606$163,539$15,074,912
97$25,840,743$1,545,016$90,595$16,498,013
98$28,395,606$1,539,829$12,737$18,064,213
99$31,208,516$1,531,839$0$19,788,110
100$34,305,715$1,520,830$0$21,694,049