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%11.2%
1 years$73,165$72,513$71,877$71,257$70,651$70,294
2 years$36,220$35,546$34,892$34,258$33,643$33,283
3 years$23,907$23,230$22,577$21,950$21,345$20,992
4 years$17,752$17,076$16,431$15,813$15,223$14,882
5 years$14,059$13,388$12,751$12,146$11,572$11,242
6 years$11,599$10,932$10,305$9,713$9,157$8,839
7 years$9,842$9,181$8,563$7,986$7,447$7,141
8 years$8,524$7,870$7,262$6,699$6,178$5,884
9 years$7,501$6,852$6,255$5,706$5,203$4,921
10 years$6,682$6,040$5,453$4,919$4,433$4,163
11 years$6,013$5,377$4,801$4,281$3,813$3,555
12 years$5,455$4,826$4,261$3,755$3,304$3,058
13 years$4,984$4,361$3,807$3,315$2,881$2,646
14 years$4,580$3,964$3,420$2,943$2,526$2,302
15 years$4,231$3,621$3,088$2,624$2,224$2,011
16 years$3,925$3,323$2,800$2,350$1,965$1,763
17 years$3,656$3,060$2,548$2,111$1,743$1,550
18 years$3,417$2,828$2,326$1,903$1,549$1,367
19 years$3,203$2,621$2,129$1,719$1,381$1,208
20 years$3,011$2,435$1,954$1,557$1,234$1,070
21 years$2,838$2,268$1,797$1,413$1,104$949
22 years$2,680$2,117$1,656$1,285$989$843
23 years$2,536$1,980$1,529$1,170$888$750
24 years$2,405$1,855$1,414$1,067$798$668
25 years$2,284$1,741$1,310$975$718$596
26 years$2,173$1,636$1,215$891$647$532
27 years$2,070$1,540$1,128$816$583$475
28 years$1,975$1,451$1,049$747$526$425
29 years$1,886$1,369$976$685$475$380
30 years$1,804$1,293$909$629$430$340
31 years$1,726$1,222$848$578$388$304
32 years$1,654$1,156$791$531$351$273
33 years$1,587$1,095$738$488$318$244
34 years$1,523$1,038$690$449$288$219
35 years$1,463$985$645$414$261$196
36 years$1,407$934$603$381$236$176
37 years$1,354$888$565$351$214$158
38 years$1,304$843$529$323$194$142
39 years$1,256$802$496$298$176$127
40 years$1,211$763$464$275$160$114
41 years$1,169$726$435$254$145$103
42 years$1,128$692$409$234$131$92
43 years$1,089$659$383$216$119$83
44 years$1,053$628$360$200$108$74
45 years$1,018$599$338$184$98$67
46 years$984$572$317$170$89$60
47 years$952$545$298$157$81$54
48 years$922$521$280$145$74$49
49 years$893$497$263$134$67$44
50 years$865$475$248$124$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $886,000, adding $3,084 every year, while hoping to spend $29,809 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: 84/6/10 Blend
58$886,000$886,000$886,000$886,000
59$979,553$932,595$918,862$1,060,122
60$1,047,751$946,576$917,927$1,127,244
61$1,121,906$960,242$915,962$1,196,637
62$1,202,594$973,548$912,901$1,271,945
63$1,290,450$986,443$908,674$1,353,743
64$1,386,170$998,873$903,209$1,442,668
65$1,490,523$1,010,781$896,430$1,539,418
66$1,604,353$1,022,106$888,257$1,644,763
67$1,728,590$1,032,782$878,607$1,759,553
68$1,864,258$1,042,741$867,392$1,884,720
69$2,012,484$1,051,906$854,521$2,021,294
70$2,174,508$1,060,201$839,898$2,170,409
71$2,351,696$1,067,539$823,423$2,333,313
72$2,545,552$1,073,831$804,991$2,511,382
73$2,757,732$1,078,983$784,492$2,706,132
74$2,990,059$1,082,891$761,811$2,919,232
75$3,244,542$1,085,449$736,828$3,152,521
76$3,523,390$1,086,542$709,417$3,408,028
77$3,829,040$1,086,046$679,447$3,687,985
78$4,164,174$1,083,834$646,780$3,994,852
79$4,531,745$1,079,768$611,273$4,331,340
80$4,935,008$1,073,701$572,775$4,700,437
81$5,377,546$1,065,479$531,130$5,105,435
82$5,863,306$1,054,939$486,173$5,549,960
83$6,396,638$1,041,905$437,734$6,038,010
84$6,982,330$1,026,193$385,634$6,573,987
85$7,625,660$1,007,609$329,684$7,162,746
86$8,332,440$985,944$269,692$7,809,634
87$9,109,074$960,981$205,451$8,520,544
88$9,962,616$932,486$136,751$9,301,970
89$10,900,839$900,214$63,368$10,161,067
90$11,932,305$863,904$0$11,105,723
91$13,066,447$823,283$0$12,146,222
92$14,313,658$778,058$0$13,297,864
93$15,685,390$727,921$0$14,564,463
94$17,194,258$672,548$0$15,957,675
95$18,854,163$611,593$0$17,490,347
96$20,680,421$544,694$0$19,176,632
97$22,689,905$471,465$0$21,032,128
98$24,901,208$391,500$0$23,074,019
99$27,334,819$304,371$0$25,321,242
100$30,013,309$209,623$0$27,794,665