Can I retire at age 59 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,587$71,940$71,310$70,694$70,093$68,482
2 years$35,934$35,265$34,616$33,987$33,377$31,763
3 years$23,718$23,046$22,399$21,776$21,176$19,609
4 years$17,611$16,941$16,301$15,688$15,103$13,595
5 years$13,948$13,282$12,650$12,050$11,481$10,037
6 years$11,507$10,846$10,223$9,637$9,085$7,706
7 years$9,764$9,108$8,495$7,923$7,388$6,074
8 years$8,457$7,808$7,205$6,646$6,129$4,880
9 years$7,441$6,798$6,206$5,661$5,162$3,977
10 years$6,629$5,992$5,410$4,880$4,398$3,275
11 years$5,965$5,334$4,763$4,247$3,782$2,721
12 years$5,412$4,788$4,227$3,725$3,278$2,275
13 years$4,945$4,327$3,777$3,289$2,858$1,913
14 years$4,544$3,933$3,393$2,919$2,506$1,616
15 years$4,197$3,593$3,064$2,604$2,206$1,370
16 years$3,894$3,296$2,778$2,331$1,950$1,165
17 years$3,627$3,036$2,528$2,095$1,729$993
18 years$3,390$2,805$2,307$1,888$1,537$848
19 years$3,178$2,600$2,112$1,706$1,370$726
20 years$2,987$2,416$1,939$1,545$1,224$622
21 years$2,815$2,250$1,783$1,402$1,095$534
22 years$2,659$2,101$1,643$1,275$982$459
23 years$2,516$1,965$1,517$1,161$881$395
24 years$2,386$1,841$1,403$1,059$792$340
25 years$2,266$1,727$1,300$967$713$293
26 years$2,156$1,624$1,205$884$642$252
27 years$2,054$1,528$1,119$809$579$218
28 years$1,959$1,440$1,041$742$522$188
29 years$1,871$1,358$968$680$472$162
30 years$1,789$1,283$902$624$426$140
31 years$1,713$1,213$841$573$385$121
32 years$1,641$1,147$785$527$348$104
33 years$1,574$1,087$733$484$315$90
34 years$1,511$1,030$684$446$286$78
35 years$1,452$977$640$410$259$67
36 years$1,396$927$599$378$234$58
37 years$1,343$881$560$348$212$50
38 years$1,294$837$525$321$193$43
39 years$1,246$796$492$296$175$38
40 years$1,202$757$461$273$158$32
41 years$1,159$721$432$252$144$28
42 years$1,119$686$405$232$130$24
43 years$1,081$654$380$214$118$21
44 years$1,044$623$357$198$107$18
45 years$1,010$594$335$183$97$16
46 years$977$567$315$169$89$14
47 years$945$541$296$156$80$12
48 years$915$517$278$144$73$10
49 years$886$493$261$133$66$9
50 years$858$471$246$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $879,000, adding $6,557 every year, while hoping to spend $50,617 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: 25/50/25 Blend
58$879,000$879,000$879,000$879,000
59$975,422$928,835$915,210$991,975
60$1,021,058$920,491$892,013$997,717
61$1,069,654$910,043$866,343$999,091
62$1,121,456$897,332$838,063$999,492
63$1,176,737$882,194$807,031$998,869
64$1,235,795$864,452$773,097$997,175
65$1,298,956$843,921$736,106$994,361
66$1,366,579$820,402$695,895$990,382
67$1,439,055$793,687$652,293$985,191
68$1,516,817$763,556$605,122$978,746
69$1,600,336$729,773$554,198$971,006
70$1,690,131$692,093$499,324$961,934
71$1,786,772$650,253$440,299$951,498
72$1,890,884$603,977$376,910$939,670
73$2,003,154$552,972$308,937$926,429
74$2,124,337$496,929$236,148$911,762
75$2,255,261$435,521$158,301$895,662
76$2,396,839$368,402$75,145$878,135
77$2,550,071$295,208$0$859,198
78$2,716,058$215,554$0$842,508
79$2,896,012$129,031$0$846,111
80$3,091,262$35,211$0$850,082
81$3,303,274$0$0$854,586
82$3,533,657$0$0$896,326
83$3,784,182$0$0$962,914
84$4,056,799$0$0$1,035,512
85$4,353,652$0$0$1,114,708
86$4,677,100$0$0$1,201,149
87$5,029,740$0$0$1,295,548
88$5,414,430$0$0$1,398,691
89$5,834,316$0$0$1,511,440
90$6,292,860$0$0$1,634,748
91$6,793,874$0$0$1,769,661
92$7,341,554$0$0$1,917,332
93$7,940,521$0$0$2,079,032
94$8,595,862$0$0$2,256,158
95$9,313,177$0$0$2,450,250
96$10,098,636$0$0$2,663,005
97$10,959,030$0$0$2,896,289
98$11,901,840$0$0$3,152,161
99$12,935,304$0$0$3,432,887
100$14,068,495$0$0$3,740,961