Can I retire at age 59 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$72,917$72,268$71,634$71,016$70,412$69,131
2 years$36,098$35,425$34,774$34,142$33,529$32,244
3 years$23,826$23,151$22,501$21,875$21,272$20,022
4 years$17,691$17,018$16,375$15,760$15,172$13,966
5 years$14,012$13,343$12,708$12,105$11,533$10,376
6 years$11,559$10,895$10,270$9,681$9,126$8,018
7 years$9,808$9,150$8,534$7,959$7,422$6,364
8 years$8,496$7,843$7,238$6,677$6,157$5,148
9 years$7,475$6,829$6,234$5,687$5,185$4,225
10 years$6,659$6,019$5,435$4,902$4,418$3,506
11 years$5,992$5,359$4,785$4,266$3,800$2,935
12 years$5,437$4,810$4,246$3,742$3,293$2,473
13 years$4,967$4,346$3,794$3,304$2,871$2,097
14 years$4,565$3,951$3,409$2,933$2,517$1,785
15 years$4,216$3,609$3,078$2,615$2,216$1,526
16 years$3,912$3,311$2,790$2,342$1,959$1,309
17 years$3,644$3,050$2,539$2,104$1,737$1,125
18 years$3,405$2,818$2,318$1,896$1,544$970
19 years$3,192$2,612$2,122$1,713$1,376$838
20 years$3,001$2,427$1,947$1,552$1,229$724
21 years$2,828$2,261$1,791$1,408$1,100$628
22 years$2,671$2,110$1,651$1,281$986$544
23 years$2,528$1,974$1,524$1,166$885$472
24 years$2,397$1,849$1,410$1,064$796$411
25 years$2,277$1,735$1,306$971$716$357
26 years$2,166$1,631$1,211$888$645$311
27 years$2,063$1,535$1,124$813$581$271
28 years$1,968$1,446$1,045$745$525$236
29 years$1,880$1,364$973$683$474$205
30 years$1,797$1,289$906$627$428$179
31 years$1,721$1,218$845$576$387$156
32 years$1,649$1,153$788$529$350$136
33 years$1,581$1,092$736$487$317$119
34 years$1,518$1,034$688$448$287$104
35 years$1,459$981$643$412$260$91
36 years$1,402$931$601$380$235$79
37 years$1,349$885$563$350$213$69
38 years$1,299$841$527$322$193$60
39 years$1,252$799$494$297$175$53
40 years$1,207$761$463$274$159$46
41 years$1,165$724$434$253$144$40
42 years$1,124$689$407$233$131$35
43 years$1,086$657$382$215$119$31
44 years$1,049$626$359$199$108$27
45 years$1,014$597$337$184$98$23
46 years$981$570$316$170$89$20
47 years$949$544$297$157$81$18
48 years$919$519$279$145$73$16
49 years$890$496$262$134$67$14
50 years$862$473$247$124$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $883,000, adding $2,106 every year, while hoping to spend $47,571 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: 56/27/17 Blend
58$883,000$883,000$883,000$883,000
59$975,238$928,439$914,753$1,025,353
60$1,024,097$923,318$894,782$1,054,560
61$1,076,346$916,351$872,548$1,081,045
62$1,132,279$907,398$847,924$1,108,826
63$1,192,221$896,310$820,779$1,138,036
64$1,256,527$882,928$790,974$1,168,827
65$1,325,587$867,087$758,367$1,201,367
66$1,399,830$848,607$722,805$1,235,843
67$1,479,725$827,301$684,131$1,272,465
68$1,565,789$802,970$642,181$1,311,465
69$1,658,587$775,403$596,782$1,353,105
70$1,758,743$744,378$547,754$1,397,672
71$1,866,941$709,659$494,910$1,445,491
72$1,983,933$670,996$438,053$1,496,919
73$2,110,544$628,125$376,978$1,552,356
74$2,247,684$580,767$311,471$1,612,247
75$2,396,351$528,628$241,309$1,677,085
76$2,557,642$471,395$166,257$1,747,418
77$2,732,767$408,739$86,072$1,823,856
78$2,923,054$340,311$499$1,907,075
79$3,129,963$265,744$0$1,997,828
80$3,355,103$184,649$0$2,113,420
81$3,600,242$96,616$0$2,239,472
82$3,867,328$1,211$0$2,376,969
83$4,158,501$0$0$2,527,105
84$4,476,121$0$0$2,721,509
85$4,822,782$0$0$2,934,155
86$5,201,340$0$0$3,166,446
87$5,614,941$0$0$3,420,320
88$6,067,045$0$0$3,697,912
89$6,561,464$0$0$4,001,573
90$7,102,394$0$0$4,333,891
91$7,694,457$0$0$4,697,717
92$8,342,740$0$0$5,096,189
93$9,052,847$0$0$5,532,763
94$9,830,948$0$0$6,011,246
95$10,683,838$0$0$6,535,829
96$11,619,003$0$0$7,111,131
97$12,644,684$0$0$7,742,235
98$13,769,963$0$0$8,434,744
99$15,004,839$0$0$9,194,826
100$16,360,327$0$0$10,029,279