Can I retire at age 59 with 882,000?

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 $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%12.1%
1 years$72,835$72,186$71,553$70,935$70,332$69,714
2 years$36,057$35,385$34,734$34,103$33,491$32,868
3 years$23,799$23,125$22,475$21,850$21,248$20,640
4 years$17,671$16,999$16,356$15,742$15,154$14,565
5 years$13,996$13,327$12,693$12,091$11,520$10,952
6 years$11,546$10,883$10,258$9,670$9,116$8,569
7 years$9,797$9,139$8,524$7,950$7,413$6,889
8 years$8,486$7,834$7,229$6,669$6,150$5,647
9 years$7,467$6,821$6,227$5,680$5,179$4,698
10 years$6,652$6,012$5,429$4,897$4,413$3,953
11 years$5,985$5,353$4,779$4,262$3,795$3,357
12 years$5,431$4,804$4,241$3,738$3,289$2,871
13 years$4,961$4,342$3,789$3,300$2,868$2,471
14 years$4,560$3,946$3,405$2,929$2,514$2,136
15 years$4,212$3,605$3,074$2,613$2,214$1,855
16 years$3,908$3,308$2,787$2,339$1,956$1,616
17 years$3,640$3,046$2,536$2,102$1,735$1,413
18 years$3,402$2,815$2,315$1,894$1,542$1,238
19 years$3,189$2,609$2,119$1,711$1,375$1,087
20 years$2,998$2,424$1,945$1,550$1,228$956
21 years$2,825$2,258$1,789$1,407$1,099$843
22 years$2,668$2,108$1,649$1,279$985$744
23 years$2,525$1,971$1,523$1,165$884$657
24 years$2,394$1,847$1,408$1,062$795$581
25 years$2,274$1,733$1,304$970$715$515
26 years$2,163$1,629$1,210$887$644$456
27 years$2,061$1,533$1,123$812$581$405
28 years$1,966$1,445$1,044$744$524$359
29 years$1,878$1,363$972$682$473$319
30 years$1,795$1,287$905$626$428$283
31 years$1,719$1,217$844$575$387$252
32 years$1,647$1,151$787$529$350$224
33 years$1,580$1,090$735$486$316$199
34 years$1,516$1,033$687$447$287$177
35 years$1,457$980$642$412$260$158
36 years$1,401$930$601$379$235$140
37 years$1,348$884$562$349$213$125
38 years$1,298$840$526$322$193$111
39 years$1,251$798$493$297$175$99
40 years$1,206$760$462$274$159$88
41 years$1,163$723$434$253$144$79
42 years$1,123$689$407$233$131$70
43 years$1,085$656$382$215$119$63
44 years$1,048$625$358$199$108$56
45 years$1,013$596$336$184$98$50
46 years$980$569$316$170$89$44
47 years$948$543$297$157$81$40
48 years$918$518$279$145$73$35
49 years$889$495$262$134$67$31
50 years$861$473$246$124$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $882,000, adding $5,624 every year, while hoping to spend $46,791 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: 35/46/19 Blend
58$882,000$882,000$882,000$882,000
59$977,765$931,019$917,348$1,006,138
60$1,027,712$926,854$898,294$1,023,242
61$1,081,185$920,916$877,033$1,036,928
62$1,138,495$913,070$853,443$1,050,719
63$1,199,982$903,171$827,394$1,064,650
64$1,266,019$891,065$798,750$1,078,766
65$1,337,016$876,591$767,372$1,093,118
66$1,413,425$859,577$733,112$1,107,770
67$1,495,737$839,839$695,814$1,122,792
68$1,584,498$817,186$655,319$1,138,270
69$1,680,302$791,414$611,458$1,154,302
70$1,783,804$762,305$564,053$1,171,002
71$1,895,726$729,631$512,923$1,188,502
72$2,016,858$693,151$457,873$1,206,952
73$2,148,069$652,608$398,704$1,226,525
74$2,290,318$607,731$335,206$1,247,418
75$2,444,655$558,234$267,160$1,269,856
76$2,612,237$503,815$194,337$1,294,095
77$2,794,336$444,153$116,499$1,320,423
78$2,992,353$378,911$33,396$1,349,169
79$3,207,827$307,732$0$1,380,704
80$3,442,452$230,237$0$1,426,655
81$3,698,093$146,030$0$1,484,238
82$3,976,801$54,688$0$1,547,263
83$4,280,835$0$0$1,616,387
84$4,612,680$0$0$1,714,732
85$4,975,072$0$0$1,852,478
86$5,371,022$0$0$2,003,105
87$5,803,847$0$0$2,167,888
88$6,277,198$0$0$2,348,233
89$6,795,092$0$0$2,545,689
90$7,361,957$0$0$2,761,961
91$7,982,666$0$0$2,998,926
92$8,662,586$0$0$3,258,651
93$9,407,626$0$0$3,543,414
94$10,224,297$0$0$3,855,723
95$11,119,766$0$0$4,198,340
96$12,101,930$0$0$4,574,309
97$13,179,485$0$0$4,986,979
98$14,362,010$0$0$5,440,044
99$15,660,056$0$0$5,937,570
100$17,085,246$0$0$6,484,037