Can I retire at age 59 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$73,248$72,595$71,959$71,337$70,731$69,876
2 years$36,261$35,586$34,931$34,297$33,681$32,821
3 years$23,934$23,256$22,603$21,974$21,369$20,530
4 years$17,772$17,095$16,449$15,831$15,240$14,429
5 years$14,075$13,403$12,765$12,160$11,585$10,804
6 years$11,612$10,945$10,316$9,724$9,167$8,417
7 years$9,853$9,191$8,573$7,995$7,455$6,737
8 years$8,534$7,879$7,270$6,707$6,185$5,497
9 years$7,509$6,860$6,262$5,713$5,209$4,552
10 years$6,689$6,047$5,459$4,924$4,438$3,812
11 years$6,019$5,383$4,806$4,286$3,817$3,221
12 years$5,461$4,831$4,265$3,759$3,308$2,741
13 years$4,990$4,366$3,811$3,319$2,884$2,346
14 years$4,585$3,969$3,424$2,946$2,528$2,018
15 years$4,236$3,625$3,092$2,627$2,226$1,743
16 years$3,930$3,326$2,803$2,352$1,967$1,510
17 years$3,660$3,063$2,551$2,114$1,745$1,313
18 years$3,421$2,831$2,328$1,905$1,551$1,144
19 years$3,207$2,623$2,131$1,721$1,383$999
20 years$3,015$2,438$1,956$1,559$1,235$873
21 years$2,841$2,271$1,799$1,415$1,105$765
22 years$2,683$2,120$1,658$1,286$991$671
23 years$2,539$1,983$1,531$1,172$889$589
24 years$2,408$1,857$1,416$1,068$799$518
25 years$2,287$1,743$1,312$976$719$456
26 years$2,175$1,638$1,216$892$648$402
27 years$2,072$1,542$1,130$817$584$354
28 years$1,977$1,453$1,050$748$527$312
29 years$1,888$1,371$977$686$476$275
30 years$1,806$1,294$910$630$430$243
31 years$1,728$1,224$849$578$389$215
32 years$1,656$1,158$792$532$352$190
33 years$1,588$1,096$739$489$318$167
34 years$1,525$1,039$691$450$288$148
35 years$1,465$986$646$414$261$131
36 years$1,409$936$604$381$236$116
37 years$1,356$889$565$351$214$102
38 years$1,305$844$529$324$194$91
39 years$1,258$803$496$299$176$80
40 years$1,213$764$465$275$160$71
41 years$1,170$727$436$254$145$63
42 years$1,129$693$409$234$132$56
43 years$1,091$660$384$216$119$49
44 years$1,054$629$360$200$108$43
45 years$1,019$600$338$185$98$39
46 years$985$572$318$170$89$34
47 years$954$546$298$158$81$30
48 years$923$521$280$146$74$27
49 years$894$498$264$135$67$24
50 years$866$476$248$124$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $887,000, adding $2,457 every year, while hoping to spend $46,981 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: 61/13/26 Blend
58$887,000$887,000$887,000$887,000
59$980,008$932,997$919,249$1,032,830
60$1,029,982$928,727$900,056$1,064,743
61$1,083,478$922,672$878,646$1,094,247
62$1,140,806$914,697$854,895$1,125,440
63$1,202,307$904,656$828,672$1,158,496
64$1,268,353$892,394$799,843$1,193,608
65$1,339,352$877,749$768,265$1,230,991
66$1,415,755$860,548$733,791$1,270,883
67$1,498,055$840,607$696,265$1,313,550
68$1,586,792$817,733$655,526$1,359,286
69$1,682,563$791,719$611,404$1,408,418
70$1,786,021$762,350$563,723$1,461,307
71$1,897,884$729,394$512,296$1,518,357
72$2,018,942$692,609$456,933$1,580,013
73$2,150,064$651,737$397,430$1,646,770
74$2,292,204$606,505$333,577$1,719,175
75$2,446,412$556,626$265,154$1,797,836
76$2,613,841$501,796$191,932$1,883,427
77$2,795,761$441,693$113,671$1,976,692
78$2,993,570$375,977$30,120$2,078,456
79$3,208,804$304,290$0$2,189,635
80$3,443,153$226,251$0$2,327,618
81$3,698,477$141,460$0$2,487,129
82$3,976,825$49,494$0$2,661,121
83$4,280,448$0$0$2,851,046
84$4,611,828$0$0$3,065,672
85$4,973,694$0$0$3,307,839
86$5,369,052$0$0$3,572,486
87$5,801,209$0$0$3,861,835
88$6,273,808$0$0$4,178,333
89$6,790,860$0$0$4,524,676
90$7,356,781$0$0$4,903,830
91$7,976,433$0$0$5,319,064
92$8,655,171$0$0$5,773,976
93$9,398,893$0$0$6,272,528
94$10,214,092$0$0$6,819,085
95$11,107,922$0$0$7,418,454
96$12,088,260$0$0$8,075,928
97$13,163,784$0$0$8,797,341
98$14,344,051$0$0$9,589,113
99$15,639,588$0$0$10,458,322
100$17,061,991$0$0$11,412,760