Can I retire at age 59 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$72,504$71,859$71,228$70,613$70,013$68,543
2 years$35,893$35,225$34,577$33,949$33,340$31,866
3 years$23,691$23,020$22,374$21,751$21,152$19,720
4 years$17,591$16,922$16,282$15,671$15,086$13,707
5 years$13,932$13,267$12,636$12,037$11,468$10,146
6 years$11,494$10,834$10,212$9,626$9,074$7,810
7 years$9,753$9,098$8,486$7,914$7,380$6,175
8 years$8,447$7,799$7,197$6,639$6,122$4,975
9 years$7,433$6,790$6,198$5,655$5,156$4,066
10 years$6,622$5,985$5,404$4,874$4,393$3,359
11 years$5,958$5,328$4,758$4,242$3,778$2,800
12 years$5,406$4,782$4,222$3,721$3,274$2,349
13 years$4,939$4,322$3,772$3,285$2,855$1,982
14 years$4,539$3,928$3,389$2,916$2,503$1,680
15 years$4,193$3,589$3,060$2,601$2,204$1,429
16 years$3,890$3,293$2,775$2,329$1,948$1,219
17 years$3,623$3,032$2,525$2,092$1,727$1,043
18 years$3,386$2,802$2,305$1,886$1,535$895
19 years$3,174$2,597$2,110$1,704$1,369$768
20 years$2,984$2,413$1,936$1,543$1,222$661
21 years$2,812$2,248$1,781$1,400$1,094$570
22 years$2,656$2,098$1,642$1,273$981$491
23 years$2,514$1,962$1,516$1,160$880$424
24 years$2,383$1,839$1,402$1,058$791$367
25 years$2,264$1,725$1,298$966$712$317
26 years$2,153$1,622$1,204$883$641$274
27 years$2,051$1,526$1,118$808$578$238
28 years$1,957$1,438$1,039$741$522$206
29 years$1,869$1,357$967$679$471$178
30 years$1,787$1,281$901$623$426$155
31 years$1,711$1,211$840$572$385$134
32 years$1,639$1,146$784$526$348$116
33 years$1,572$1,085$732$484$315$101
34 years$1,509$1,029$684$445$285$88
35 years$1,450$976$639$410$258$76
36 years$1,394$926$598$377$234$66
37 years$1,342$880$560$348$212$57
38 years$1,292$836$524$321$192$50
39 years$1,245$795$491$296$174$43
40 years$1,200$756$460$273$158$37
41 years$1,158$720$432$251$144$33
42 years$1,118$686$405$232$130$28
43 years$1,080$653$380$214$118$25
44 years$1,043$623$357$198$107$21
45 years$1,009$594$335$183$97$19
46 years$975$566$314$169$88$16
47 years$944$541$295$156$80$14
48 years$914$516$278$144$73$12
49 years$885$493$261$133$66$11
50 years$857$471$245$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $878,000, adding $4,748 every year, while hoping to spend $44,095 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: 52/38/10 Blend
58$878,000$878,000$878,000$878,000
59$972,454$925,920$912,311$1,020,265
60$1,024,727$924,373$895,956$1,051,799
61$1,080,855$921,273$877,576$1,080,938
62$1,141,183$916,496$857,056$1,111,598
63$1,206,092$909,913$834,276$1,143,933
64$1,276,000$901,385$809,111$1,178,115
65$1,351,365$890,766$781,429$1,214,334
66$1,432,692$877,901$751,095$1,252,804
67$1,520,534$862,626$717,964$1,293,761
68$1,615,500$844,766$681,887$1,337,470
69$1,718,258$824,137$642,708$1,384,224
70$1,829,544$800,543$600,262$1,434,351
71$1,950,166$773,778$554,379$1,488,212
72$2,081,013$743,623$504,880$1,546,212
73$2,223,061$709,846$451,579$1,608,799
74$2,377,387$672,202$394,280$1,676,472
75$2,545,173$630,432$332,781$1,749,785
76$2,727,719$584,262$266,868$1,829,352
77$2,926,458$533,402$196,319$1,915,854
78$3,142,964$477,546$120,904$2,010,049
79$3,378,971$416,371$40,379$2,112,776
80$3,636,387$349,533$0$2,224,967
81$3,917,311$276,673$0$2,352,513
82$4,224,055$197,408$0$2,496,613
83$4,559,162$111,335$0$2,654,249
84$4,925,435$18,029$0$2,826,859
85$5,325,957$0$0$3,016,029
86$5,764,122$0$0$3,258,207
87$6,243,671$0$0$3,531,594
88$6,768,719$0$0$3,831,010
89$7,343,800$0$0$4,159,051
90$7,973,906$0$0$4,518,576
91$8,664,537$0$0$4,912,735
92$9,421,746$0$0$5,344,995
93$10,252,203$0$0$5,819,178
94$11,163,254$0$0$6,339,491
95$12,162,991$0$0$6,910,569
96$13,260,324$0$0$7,537,517
97$14,465,072$0$0$8,225,958
98$15,788,049$0$0$8,982,089
99$17,241,166$0$0$9,812,733
100$18,837,548$0$0$10,725,408