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%19.7%
1 years$73,248$72,595$71,959$71,337$70,731$67,978
2 years$36,261$35,586$34,931$34,297$33,681$30,941
3 years$23,934$23,256$22,603$21,974$21,369$18,728
4 years$17,772$17,095$16,449$15,831$15,240$12,718
5 years$14,075$13,403$12,765$12,160$11,585$9,189
6 years$11,612$10,945$10,316$9,724$9,167$6,898
7 years$9,853$9,191$8,573$7,995$7,455$5,312
8 years$8,534$7,879$7,270$6,707$6,185$4,166
9 years$7,509$6,860$6,262$5,713$5,209$3,311
10 years$6,689$6,047$5,459$4,924$4,438$2,658
11 years$6,019$5,383$4,806$4,286$3,817$2,150
12 years$5,461$4,831$4,265$3,759$3,308$1,750
13 years$4,990$4,366$3,811$3,319$2,884$1,431
14 years$4,585$3,969$3,424$2,946$2,528$1,175
15 years$4,236$3,625$3,092$2,627$2,226$968
16 years$3,930$3,326$2,803$2,352$1,967$799
17 years$3,660$3,063$2,551$2,114$1,745$661
18 years$3,421$2,831$2,328$1,905$1,551$548
19 years$3,207$2,623$2,131$1,721$1,383$455
20 years$3,015$2,438$1,956$1,559$1,235$378
21 years$2,841$2,271$1,799$1,415$1,105$314
22 years$2,683$2,120$1,658$1,286$991$261
23 years$2,539$1,983$1,531$1,172$889$218
24 years$2,408$1,857$1,416$1,068$799$181
25 years$2,287$1,743$1,312$976$719$151
26 years$2,175$1,638$1,216$892$648$126
27 years$2,072$1,542$1,130$817$584$105
28 years$1,977$1,453$1,050$748$527$88
29 years$1,888$1,371$977$686$476$73
30 years$1,806$1,294$910$630$430$61
31 years$1,728$1,224$849$578$389$51
32 years$1,656$1,158$792$532$352$43
33 years$1,588$1,096$739$489$318$36
34 years$1,525$1,039$691$450$288$30
35 years$1,465$986$646$414$261$25
36 years$1,409$936$604$381$236$21
37 years$1,356$889$565$351$214$17
38 years$1,305$844$529$324$194$14
39 years$1,258$803$496$299$176$12
40 years$1,213$764$465$275$160$10
41 years$1,170$727$436$254$145$8
42 years$1,129$693$409$234$132$7
43 years$1,091$660$384$216$119$6
44 years$1,054$629$360$200$108$5
45 years$1,019$600$338$185$98$4
46 years$985$572$318$170$89$3
47 years$954$546$298$158$81$3
48 years$923$521$280$146$74$2
49 years$894$498$264$135$67$2
50 years$866$476$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $887,000, adding $4,556 every year, while hoping to spend $22,252 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: 68/25/7 Blend
58$887,000$887,000$887,000$887,000
59$982,174$935,163$921,414$1,047,513
60$1,058,679$957,310$928,605$1,113,554
61$1,142,243$979,796$935,292$1,182,617
62$1,233,561$1,002,615$941,433$1,257,540
63$1,333,399$1,025,758$946,987$1,338,892
64$1,442,603$1,049,218$951,908$1,427,302
65$1,562,101$1,072,982$956,149$1,523,459
66$1,692,917$1,097,040$959,662$1,628,124
67$1,836,178$1,121,378$962,394$1,742,134
68$1,993,125$1,145,982$964,291$1,866,411
69$2,165,125$1,170,837$965,296$2,001,972
70$2,353,682$1,195,923$965,348$2,149,935
71$2,560,456$1,221,221$964,386$2,311,533
72$2,787,272$1,246,710$962,342$2,488,124
73$3,036,140$1,272,366$959,147$2,681,204
74$3,309,278$1,298,162$954,729$2,892,422
75$3,609,124$1,324,072$949,012$3,123,592
76$3,938,366$1,350,064$941,916$3,376,716
77$4,299,967$1,376,104$933,358$3,653,998
78$4,697,187$1,402,156$923,249$3,957,866
79$5,133,620$1,428,182$911,498$4,290,996
80$5,613,225$1,454,139$898,008$4,656,337
81$6,140,363$1,479,981$882,681$5,057,137
82$6,719,838$1,505,658$865,409$5,496,977
83$7,356,945$1,531,118$846,083$5,979,802
84$8,057,514$1,556,304$824,588$6,509,959
85$8,827,972$1,581,154$800,803$7,092,237
86$9,675,397$1,605,603$774,601$7,731,915
87$10,607,588$1,629,578$745,852$8,434,810
88$11,633,141$1,653,006$714,416$9,207,332
89$12,761,522$1,675,804$680,150$10,056,545
90$14,003,165$1,697,887$642,903$10,990,233
91$15,369,565$1,719,160$602,517$12,016,974
92$16,873,386$1,739,525$558,828$13,146,222
93$18,528,586$1,758,876$511,662$14,388,394
94$20,350,540$1,777,099$460,842$15,754,971
95$22,356,193$1,794,075$406,178$17,258,604
96$24,564,215$1,809,675$347,475$18,913,236
97$26,995,177$1,823,761$284,527$20,734,233
98$29,671,747$1,836,187$217,121$22,738,528
99$32,618,905$1,846,799$145,034$24,944,781
100$35,864,172$1,855,432$68,031$27,373,557