Can I retire at age 59 with 882,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$72,835$72,186$71,553$70,935$70,332$69,889
2 years$36,057$35,385$34,734$34,103$33,491$33,044
3 years$23,799$23,125$22,475$21,850$21,248$20,811
4 years$17,671$16,999$16,356$15,742$15,154$14,731
5 years$13,996$13,327$12,693$12,091$11,520$11,111
6 years$11,546$10,883$10,258$9,670$9,116$8,721
7 years$9,797$9,139$8,524$7,950$7,413$7,035
8 years$8,486$7,834$7,229$6,669$6,150$5,787
9 years$7,467$6,821$6,227$5,680$5,179$4,831
10 years$6,652$6,012$5,429$4,897$4,413$4,080
11 years$5,985$5,353$4,779$4,262$3,795$3,477
12 years$5,431$4,804$4,241$3,738$3,289$2,985
13 years$4,961$4,342$3,789$3,300$2,868$2,579
14 years$4,560$3,946$3,405$2,929$2,514$2,239
15 years$4,212$3,605$3,074$2,613$2,214$1,952
16 years$3,908$3,308$2,787$2,339$1,956$1,708
17 years$3,640$3,046$2,536$2,102$1,735$1,499
18 years$3,402$2,815$2,315$1,894$1,542$1,319
19 years$3,189$2,609$2,119$1,711$1,375$1,163
20 years$2,998$2,424$1,945$1,550$1,228$1,028
21 years$2,825$2,258$1,789$1,407$1,099$910
22 years$2,668$2,108$1,649$1,279$985$806
23 years$2,525$1,971$1,523$1,165$884$716
24 years$2,394$1,847$1,408$1,062$795$636
25 years$2,274$1,733$1,304$970$715$566
26 years$2,163$1,629$1,210$887$644$504
27 years$2,061$1,533$1,123$812$581$449
28 years$1,966$1,445$1,044$744$524$400
29 years$1,878$1,363$972$682$473$357
30 years$1,795$1,287$905$626$428$319
31 years$1,719$1,217$844$575$387$285
32 years$1,647$1,151$787$529$350$255
33 years$1,580$1,090$735$486$316$228
34 years$1,516$1,033$687$447$287$204
35 years$1,457$980$642$412$260$182
36 years$1,401$930$601$379$235$163
37 years$1,348$884$562$349$213$146
38 years$1,298$840$526$322$193$131
39 years$1,251$798$493$297$175$117
40 years$1,206$760$462$274$159$105
41 years$1,163$723$434$253$144$94
42 years$1,123$689$407$233$131$84
43 years$1,085$656$382$215$119$75
44 years$1,048$625$358$199$108$67
45 years$1,013$596$336$184$98$60
46 years$980$569$316$170$89$54
47 years$948$543$297$157$81$49
48 years$918$518$279$145$73$43
49 years$889$495$262$134$67$39
50 years$861$473$246$124$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $882,000, adding $6,969 every year, while hoping to spend $30,414 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: 83/11/6 Blend
58$882,000$882,000$882,000$882,000
59$979,153$932,407$918,736$1,059,491
60$1,046,666$945,734$917,153$1,126,323
61$1,120,046$958,696$914,498$1,194,866
62$1,199,860$971,241$910,703$1,269,178
63$1,286,730$983,316$905,695$1,349,817
64$1,381,342$994,864$899,402$1,437,400
65$1,484,450$1,005,824$891,743$1,532,605
66$1,596,886$1,016,130$882,638$1,636,179
67$1,719,561$1,025,714$872,000$1,748,945
68$1,853,484$1,034,501$859,739$1,871,809
69$1,999,760$1,042,412$845,761$2,005,768
70$2,159,608$1,049,364$829,967$2,151,922
71$2,334,371$1,055,265$812,254$2,311,481
72$2,525,526$1,060,023$792,513$2,485,780
73$2,734,700$1,063,534$770,633$2,676,287
74$2,963,684$1,065,692$746,494$2,884,622
75$3,214,451$1,066,382$719,972$3,112,569
76$3,489,173$1,065,483$690,939$3,362,091
77$3,790,242$1,062,865$659,260$3,635,355
78$4,120,294$1,058,392$624,792$3,934,745
79$4,482,229$1,051,918$587,387$4,262,891
80$4,879,244$1,043,290$546,892$4,622,687
81$5,314,859$1,032,344$503,146$5,017,325
82$5,792,952$1,018,906$455,978$5,450,322
83$6,317,794$1,002,792$405,214$5,925,552
84$6,894,089$983,809$350,669$6,447,285
85$7,527,020$961,750$292,150$7,020,225
86$8,222,297$936,397$229,458$7,649,558
87$8,986,209$907,519$162,383$8,340,997
88$9,825,686$874,870$90,706$9,100,837
89$10,748,359$838,192$14,198$9,936,017
90$11,762,640$797,212$0$10,854,182
91$12,877,793$751,639$0$11,868,077
92$14,104,025$701,166$0$12,983,919
93$15,452,583$645,471$0$14,211,046
94$16,935,857$584,209$0$15,560,754
95$18,567,499$517,020$0$17,045,487
96$20,362,550$443,521$0$18,678,958
97$22,337,584$363,307$0$20,476,280
98$24,510,859$275,950$0$22,454,104
99$26,902,496$181,001$0$24,630,782
100$29,534,663$77,983$0$27,026,536