Can I retire at age 59 with 886,000?

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 $886,000?

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%
1 years$73,165$72,513$71,877$71,257$70,651$68,335
2 years$36,220$35,546$34,892$34,258$33,643$31,332
3 years$23,907$23,230$22,577$21,950$21,345$19,111
4 years$17,752$17,076$16,431$15,813$15,223$13,083
5 years$14,059$13,388$12,751$12,146$11,572$9,533
6 years$11,599$10,932$10,305$9,713$9,157$7,219
7 years$9,842$9,181$8,563$7,986$7,447$5,611
8 years$8,524$7,870$7,262$6,699$6,178$4,442
9 years$7,501$6,852$6,255$5,706$5,203$3,565
10 years$6,682$6,040$5,453$4,919$4,433$2,891
11 years$6,013$5,377$4,801$4,281$3,813$2,363
12 years$5,455$4,826$4,261$3,755$3,304$1,944
13 years$4,984$4,361$3,807$3,315$2,881$1,607
14 years$4,580$3,964$3,420$2,943$2,526$1,335
15 years$4,231$3,621$3,088$2,624$2,224$1,112
16 years$3,925$3,323$2,800$2,350$1,965$928
17 years$3,656$3,060$2,548$2,111$1,743$777
18 years$3,417$2,828$2,326$1,903$1,549$652
19 years$3,203$2,621$2,129$1,719$1,381$547
20 years$3,011$2,435$1,954$1,557$1,234$460
21 years$2,838$2,268$1,797$1,413$1,104$388
22 years$2,680$2,117$1,656$1,285$989$327
23 years$2,536$1,980$1,529$1,170$888$276
24 years$2,405$1,855$1,414$1,067$798$232
25 years$2,284$1,741$1,310$975$718$196
26 years$2,173$1,636$1,215$891$647$166
27 years$2,070$1,540$1,128$816$583$140
28 years$1,975$1,451$1,049$747$526$118
29 years$1,886$1,369$976$685$475$100
30 years$1,804$1,293$909$629$430$85
31 years$1,726$1,222$848$578$388$72
32 years$1,654$1,156$791$531$351$61
33 years$1,587$1,095$738$488$318$51
34 years$1,523$1,038$690$449$288$43
35 years$1,463$985$645$414$261$37
36 years$1,407$934$603$381$236$31
37 years$1,354$888$565$351$214$26
38 years$1,304$843$529$323$194$22
39 years$1,256$802$496$298$176$19
40 years$1,211$763$464$275$160$16
41 years$1,169$726$435$254$145$14
42 years$1,128$692$409$234$131$11
43 years$1,089$659$383$216$119$10
44 years$1,053$628$360$200$108$8
45 years$1,018$599$338$184$98$7
46 years$984$572$317$170$89$6
47 years$952$545$298$157$81$5
48 years$922$521$280$145$74$4
49 years$893$497$263$134$67$4
50 years$865$475$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $886,000, adding $6,527 every year, while hoping to spend $55,883 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: 61/21/18 Blend
58$886,000$886,000$886,000$886,000
59$983,105$936,147$922,414$1,038,154
60$1,023,922$922,559$893,855$1,062,485
61$1,067,030$906,432$862,467$1,082,219
62$1,112,603$887,583$828,096$1,102,459
63$1,160,832$865,818$790,581$1,123,263
64$1,211,924$840,931$749,753$1,144,692
65$1,266,108$812,704$705,437$1,166,819
66$1,323,631$780,906$657,449$1,189,727
67$1,384,766$745,295$605,597$1,213,510
68$1,449,809$705,611$549,682$1,238,272
69$1,519,086$661,583$489,493$1,264,134
70$1,592,953$612,921$424,812$1,291,231
71$1,671,801$559,320$355,409$1,319,716
72$1,756,057$500,459$281,048$1,349,762
73$1,846,189$435,997$201,478$1,381,561
74$1,942,712$365,572$116,439$1,415,332
75$2,046,189$288,805$25,660$1,451,320
76$2,157,239$205,295$0$1,489,799
77$2,276,539$114,616$0$1,544,755
78$2,404,834$16,320$0$1,609,003
79$2,542,942$0$0$1,678,055
80$2,691,761$0$0$1,773,216
81$2,852,277$0$0$1,879,976
82$3,025,573$0$0$1,995,292
83$3,212,839$0$0$2,119,961
84$3,415,385$0$0$2,254,864
85$3,634,647$0$0$2,400,964
86$3,872,208$0$0$2,559,324
87$4,129,804$0$0$2,731,110
88$4,409,348$0$0$2,917,607
89$4,712,943$0$0$3,120,226
90$5,042,900$0$0$3,340,521
91$5,401,763$0$0$3,580,200
92$5,792,333$0$0$3,841,142
93$6,217,687$0$0$4,125,418
94$6,681,215$0$0$4,435,302
95$7,186,647$0$0$4,773,301
96$7,738,087$0$0$5,142,173
97$8,340,054$0$0$5,544,952
98$8,997,520$0$0$5,984,980
99$9,715,963$0$0$6,465,936
100$10,501,408$0$0$6,991,870