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%11.7%
1 years$73,248$72,595$71,959$71,337$70,731$70,226
2 years$36,261$35,586$34,931$34,297$33,681$33,172
3 years$23,934$23,256$22,603$21,974$21,369$20,871
4 years$17,772$17,095$16,449$15,831$15,240$14,758
5 years$14,075$13,403$12,765$12,160$11,585$11,120
6 years$11,612$10,945$10,316$9,724$9,167$8,719
7 years$9,853$9,191$8,573$7,995$7,455$7,025
8 years$8,534$7,879$7,270$6,707$6,185$5,772
9 years$7,509$6,860$6,262$5,713$5,209$4,814
10 years$6,689$6,047$5,459$4,924$4,438$4,060
11 years$6,019$5,383$4,806$4,286$3,817$3,456
12 years$5,461$4,831$4,265$3,759$3,308$2,963
13 years$4,990$4,366$3,811$3,319$2,884$2,556
14 years$4,585$3,969$3,424$2,946$2,528$2,216
15 years$4,236$3,625$3,092$2,627$2,226$1,930
16 years$3,930$3,326$2,803$2,352$1,967$1,686
17 years$3,660$3,063$2,551$2,114$1,745$1,478
18 years$3,421$2,831$2,328$1,905$1,551$1,299
19 years$3,207$2,623$2,131$1,721$1,383$1,144
20 years$3,015$2,438$1,956$1,559$1,235$1,009
21 years$2,841$2,271$1,799$1,415$1,105$892
22 years$2,683$2,120$1,658$1,286$991$790
23 years$2,539$1,983$1,531$1,172$889$700
24 years$2,408$1,857$1,416$1,068$799$621
25 years$2,287$1,743$1,312$976$719$552
26 years$2,175$1,638$1,216$892$648$490
27 years$2,072$1,542$1,130$817$584$436
28 years$1,977$1,453$1,050$748$527$388
29 years$1,888$1,371$977$686$476$346
30 years$1,806$1,294$910$630$430$308
31 years$1,728$1,224$849$578$389$275
32 years$1,656$1,158$792$532$352$245
33 years$1,588$1,096$739$489$318$219
34 years$1,525$1,039$691$450$288$195
35 years$1,465$986$646$414$261$175
36 years$1,409$936$604$381$236$156
37 years$1,356$889$565$351$214$139
38 years$1,305$844$529$324$194$125
39 years$1,258$803$496$299$176$111
40 years$1,213$764$465$275$160$99
41 years$1,170$727$436$254$145$89
42 years$1,129$693$409$234$132$80
43 years$1,091$660$384$216$119$71
44 years$1,054$629$360$200$108$64
45 years$1,019$600$338$185$98$57
46 years$985$572$318$170$89$51
47 years$954$546$298$158$81$46
48 years$923$521$280$146$74$41
49 years$894$498$264$135$67$36
50 years$866$476$248$124$61$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $887,000, adding $2,733 every year, while hoping to spend $52,115 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: 54/28/18 Blend
58$887,000$887,000$887,000$887,000
59$980,293$933,282$919,534$1,028,326
60$1,024,833$923,563$894,888$1,051,752
61$1,072,169$911,621$867,670$1,071,481
62$1,122,532$897,292$837,739$1,091,809
63$1,176,174$880,403$804,946$1,112,807
64$1,233,370$860,769$769,138$1,134,559
65$1,294,422$838,195$730,153$1,157,155
66$1,359,663$812,476$687,823$1,180,702
67$1,429,454$783,392$641,970$1,205,318
68$1,504,193$750,714$592,411$1,231,139
69$1,584,317$714,195$538,953$1,258,316
70$1,670,305$673,578$481,396$1,287,021
71$1,762,682$628,589$419,528$1,317,447
72$1,862,024$578,939$353,131$1,349,813
73$1,968,966$524,322$281,976$1,384,362
74$2,084,201$464,414$205,823$1,421,369
75$2,208,493$398,875$124,422$1,461,141
76$2,342,683$327,343$37,513$1,504,025
77$2,487,690$249,437$0$1,550,405
78$2,644,530$164,754$0$1,611,322
79$2,814,314$72,869$0$1,685,030
80$2,998,267$0$0$1,764,911
81$3,197,736$0$0$1,859,844
82$3,414,201$0$0$1,987,301
83$3,649,289$0$0$2,125,798
84$3,904,792$0$0$2,276,400
85$4,182,679$0$0$2,440,276
86$4,485,118$0$0$2,618,716
87$4,814,494$0$0$2,813,136
88$5,173,431$0$0$3,025,099
89$5,564,817$0$0$3,256,319
90$5,991,830$0$0$3,508,688
91$6,457,971$0$0$3,784,285
92$6,967,089$0$0$4,085,401
93$7,523,425$0$0$4,414,558
94$8,131,646$0$0$4,774,530
95$8,796,893$0$0$5,168,375
96$9,524,823$0$0$5,599,457
97$10,321,667$0$0$6,071,483
98$11,194,286$0$0$6,588,533
99$12,150,237$0$0$7,155,102
100$13,197,839$0$0$7,776,138