Can I retire at age 59 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$73,000$72,350$71,715$71,096$70,491$68,704
2 years$36,139$35,466$34,813$34,181$33,567$31,778
3 years$23,853$23,177$22,526$21,900$21,296$19,561
4 years$17,712$17,038$16,393$15,778$15,189$13,521
5 years$14,028$13,358$12,722$12,119$11,546$9,951
6 years$11,572$10,908$10,281$9,691$9,136$7,614
7 years$9,819$9,160$8,544$7,968$7,430$5,982
8 years$8,505$7,852$7,246$6,684$6,164$4,789
9 years$7,484$6,837$6,241$5,693$5,191$3,888
10 years$6,667$6,026$5,441$4,908$4,423$3,191
11 years$5,999$5,365$4,790$4,271$3,804$2,640
12 years$5,443$4,815$4,251$3,746$3,296$2,200
13 years$4,973$4,351$3,798$3,308$2,875$1,842
14 years$4,570$3,955$3,413$2,936$2,520$1,550
15 years$4,221$3,613$3,081$2,618$2,219$1,308
16 years$3,916$3,315$2,793$2,345$1,961$1,108
17 years$3,648$3,053$2,542$2,107$1,739$940
18 years$3,409$2,821$2,320$1,898$1,546$800
19 years$3,196$2,615$2,124$1,715$1,378$681
20 years$3,004$2,430$1,950$1,554$1,231$581
21 years$2,831$2,263$1,793$1,410$1,101$497
22 years$2,674$2,113$1,653$1,282$987$425
23 years$2,531$1,976$1,526$1,168$886$364
24 years$2,400$1,851$1,411$1,065$797$312
25 years$2,279$1,737$1,307$973$717$267
26 years$2,168$1,633$1,212$889$646$229
27 years$2,065$1,537$1,126$814$582$197
28 years$1,970$1,448$1,047$746$525$169
29 years$1,882$1,366$974$684$474$145
30 years$1,799$1,290$907$628$429$124
31 years$1,723$1,219$846$576$387$107
32 years$1,651$1,154$789$530$350$92
33 years$1,583$1,093$737$487$317$79
34 years$1,520$1,036$688$448$287$68
35 years$1,460$982$644$413$260$58
36 years$1,404$932$602$380$236$50
37 years$1,351$886$563$350$214$43
38 years$1,301$842$528$323$194$37
39 years$1,253$800$494$298$176$32
40 years$1,209$761$463$274$159$27
41 years$1,166$725$435$253$144$24
42 years$1,125$690$408$234$131$20
43 years$1,087$658$382$216$119$18
44 years$1,050$627$359$199$108$15
45 years$1,015$598$337$184$98$13
46 years$982$570$317$170$89$11
47 years$950$544$297$157$81$10
48 years$920$520$280$145$73$8
49 years$891$496$263$134$67$7
50 years$863$474$247$124$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $884,000, adding $3,373 every year, while hoping to spend $39,911 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: 69/5/26 Blend
58$884,000$884,000$884,000$884,000
59$977,647$930,795$917,093$1,038,352
60$1,034,902$933,939$905,351$1,082,644
61$1,096,660$935,900$891,877$1,126,194
62$1,163,337$936,576$876,573$1,172,929
63$1,235,391$935,863$859,332$1,223,164
64$1,313,327$933,646$840,046$1,277,246
65$1,397,699$929,807$818,600$1,335,560
66$1,489,114$924,217$794,873$1,398,529
67$1,588,242$916,743$768,740$1,466,621
68$1,695,819$907,240$740,069$1,540,354
69$1,812,655$895,557$708,724$1,620,298
70$1,939,640$881,533$674,560$1,707,083
71$2,077,754$864,998$637,428$1,801,405
72$2,228,073$845,772$597,170$1,904,032
73$2,391,784$823,662$553,623$2,015,812
74$2,570,192$798,468$506,615$2,137,680
75$2,764,732$769,973$455,968$2,270,669
76$2,976,986$737,953$401,494$2,415,919
77$3,208,692$702,166$342,997$2,574,687
78$3,461,766$662,360$280,275$2,748,363
79$3,738,316$618,265$213,114$2,938,477
80$4,040,663$569,599$141,292$3,146,720
81$4,371,362$516,060$64,577$3,374,957
82$4,733,226$457,333$0$3,625,246
83$5,129,354$393,081$0$3,904,655
84$5,563,158$322,951$0$4,230,321
85$6,038,393$246,569$0$4,587,148
86$6,559,198$163,540$0$4,978,259
87$7,130,129$73,447$0$5,407,097
88$7,756,205$0$0$5,877,455
89$8,442,953$0$0$6,394,840
90$9,196,461$0$0$6,967,004
91$10,023,435$0$0$7,595,006
92$10,931,262$0$0$8,284,461
93$11,928,078$0$0$9,041,555
94$13,022,847$0$0$9,873,104
95$14,225,443$0$0$10,786,614
96$15,546,743$0$0$11,790,355
97$16,998,731$0$0$12,893,438
98$18,594,607$0$0$14,105,901
99$20,348,915$0$0$15,438,800
100$22,277,679$0$0$16,904,319