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%18%
1 years$73,000$72,350$71,715$71,096$70,491$68,208
2 years$36,139$35,466$34,813$34,181$33,567$31,288
3 years$23,853$23,177$22,526$21,900$21,296$19,093
4 years$17,712$17,038$16,393$15,778$15,189$13,078
5 years$14,028$13,358$12,722$12,119$11,546$9,534
6 years$11,572$10,908$10,281$9,691$9,136$7,224
7 years$9,819$9,160$8,544$7,968$7,430$5,618
8 years$8,505$7,852$7,246$6,684$6,164$4,450
9 years$7,484$6,837$6,241$5,693$5,191$3,574
10 years$6,667$6,026$5,441$4,908$4,423$2,900
11 years$5,999$5,365$4,790$4,271$3,804$2,372
12 years$5,443$4,815$4,251$3,746$3,296$1,953
13 years$4,973$4,351$3,798$3,308$2,875$1,616
14 years$4,570$3,955$3,413$2,936$2,520$1,342
15 years$4,221$3,613$3,081$2,618$2,219$1,119
16 years$3,916$3,315$2,793$2,345$1,961$935
17 years$3,648$3,053$2,542$2,107$1,739$783
18 years$3,409$2,821$2,320$1,898$1,546$657
19 years$3,196$2,615$2,124$1,715$1,378$553
20 years$3,004$2,430$1,950$1,554$1,231$465
21 years$2,831$2,263$1,793$1,410$1,101$392
22 years$2,674$2,113$1,653$1,282$987$331
23 years$2,531$1,976$1,526$1,168$886$279
24 years$2,400$1,851$1,411$1,065$797$236
25 years$2,279$1,737$1,307$973$717$199
26 years$2,168$1,633$1,212$889$646$168
27 years$2,065$1,537$1,126$814$582$142
28 years$1,970$1,448$1,047$746$525$120
29 years$1,882$1,366$974$684$474$102
30 years$1,799$1,290$907$628$429$86
31 years$1,723$1,219$846$576$387$73
32 years$1,651$1,154$789$530$350$62
33 years$1,583$1,093$737$487$317$52
34 years$1,520$1,036$688$448$287$44
35 years$1,460$982$644$413$260$38
36 years$1,404$932$602$380$236$32
37 years$1,351$886$563$350$214$27
38 years$1,301$842$528$323$194$23
39 years$1,253$800$494$298$176$19
40 years$1,209$761$463$274$159$16
41 years$1,166$725$435$253$144$14
42 years$1,125$690$408$234$131$12
43 years$1,087$658$382$216$119$10
44 years$1,050$627$359$199$108$8
45 years$1,015$598$337$184$98$7
46 years$982$570$317$170$89$6
47 years$950$544$297$157$81$5
48 years$920$520$280$145$73$4
49 years$891$496$263$134$67$4
50 years$863$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $884,000, adding $5,772 every year, while hoping to spend $51,217 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: 58/14/28 Blend
58$884,000$884,000$884,000$884,000
59$980,122$933,270$919,568$1,029,170
60$1,025,600$924,506$895,879$1,054,654
61$1,074,000$913,595$869,680$1,076,535
62$1,125,566$900,380$840,832$1,099,338
63$1,180,566$884,690$809,192$1,123,170
64$1,239,291$866,348$774,608$1,148,145
65$1,302,064$845,164$736,922$1,174,396
66$1,369,234$820,937$695,969$1,202,071
67$1,441,189$793,455$651,576$1,231,335
68$1,518,349$762,494$603,564$1,262,373
69$1,601,181$727,816$551,743$1,295,393
70$1,690,192$689,169$495,916$1,330,625
71$1,785,941$646,288$435,879$1,368,330
72$1,889,042$598,891$371,416$1,408,795
73$2,000,169$546,682$302,303$1,452,343
74$2,120,062$489,345$228,306$1,499,334
75$2,249,534$426,548$149,180$1,550,167
76$2,389,478$357,941$64,670$1,605,289
77$2,540,878$283,153$0$1,665,196
78$2,704,812$201,792$0$1,738,064
79$2,882,467$113,445$0$1,837,998
80$3,075,149$17,674$0$1,946,426
81$3,284,293$0$0$2,064,196
82$3,511,477$0$0$2,205,492
83$3,758,437$0$0$2,362,113
84$4,027,084$0$0$2,532,558
85$4,319,520$0$0$2,718,167
86$4,638,057$0$0$2,920,418
87$4,985,240$0$0$3,140,936
88$5,363,869$0$0$3,381,510
89$5,777,029$0$0$3,644,109
90$6,228,110$0$0$3,930,900
91$6,720,850$0$0$4,244,269
92$7,259,360$0$0$4,586,843
93$7,848,166$0$0$4,961,513
94$8,492,254$0$0$5,371,465
95$9,197,111$0$0$5,820,203
96$9,968,782$0$0$6,311,590
97$10,813,920$0$0$6,849,877
98$11,739,854$0$0$7,439,745
99$12,754,655$0$0$8,086,353
100$13,867,212$0$0$8,795,379