Can I retire at age 59 with 887,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$73,248$72,595$71,959$71,337$70,731$69,905
2 years$36,261$35,586$34,931$34,297$33,681$32,850
3 years$23,934$23,256$22,603$21,974$21,369$20,558
4 years$17,772$17,095$16,449$15,831$15,240$14,456
5 years$14,075$13,403$12,765$12,160$11,585$10,830
6 years$11,612$10,945$10,316$9,724$9,167$8,442
7 years$9,853$9,191$8,573$7,995$7,455$6,760
8 years$8,534$7,879$7,270$6,707$6,185$5,520
9 years$7,509$6,860$6,262$5,713$5,209$4,573
10 years$6,689$6,047$5,459$4,924$4,438$3,832
11 years$6,019$5,383$4,806$4,286$3,817$3,240
12 years$5,461$4,831$4,265$3,759$3,308$2,759
13 years$4,990$4,366$3,811$3,319$2,884$2,363
14 years$4,585$3,969$3,424$2,946$2,528$2,034
15 years$4,236$3,625$3,092$2,627$2,226$1,758
16 years$3,930$3,326$2,803$2,352$1,967$1,524
17 years$3,660$3,063$2,551$2,114$1,745$1,326
18 years$3,421$2,831$2,328$1,905$1,551$1,156
19 years$3,207$2,623$2,131$1,721$1,383$1,010
20 years$3,015$2,438$1,956$1,559$1,235$884
21 years$2,841$2,271$1,799$1,415$1,105$775
22 years$2,683$2,120$1,658$1,286$991$680
23 years$2,539$1,983$1,531$1,172$889$598
24 years$2,408$1,857$1,416$1,068$799$526
25 years$2,287$1,743$1,312$976$719$463
26 years$2,175$1,638$1,216$892$648$408
27 years$2,072$1,542$1,130$817$584$360
28 years$1,977$1,453$1,050$748$527$318
29 years$1,888$1,371$977$686$476$281
30 years$1,806$1,294$910$630$430$248
31 years$1,728$1,224$849$578$389$219
32 years$1,656$1,158$792$532$352$194
33 years$1,588$1,096$739$489$318$171
34 years$1,525$1,039$691$450$288$152
35 years$1,465$986$646$414$261$134
36 years$1,409$936$604$381$236$119
37 years$1,356$889$565$351$214$105
38 years$1,305$844$529$324$194$93
39 years$1,258$803$496$299$176$82
40 years$1,213$764$465$275$160$73
41 years$1,170$727$436$254$145$65
42 years$1,129$693$409$234$132$57
43 years$1,091$660$384$216$119$51
44 years$1,054$629$360$200$108$45
45 years$1,019$600$338$185$98$40
46 years$985$572$318$170$89$35
47 years$954$546$298$158$81$31
48 years$923$521$280$146$74$28
49 years$894$498$264$135$67$25
50 years$866$476$248$124$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $887,000, adding $3,235 every year, while hoping to spend $47,751 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: 34/44/22 Blend
58$887,000$887,000$887,000$887,000
59$980,811$933,800$920,051$1,007,475
60$1,030,047$928,749$900,066$1,022,491
61$1,082,705$921,851$877,812$1,034,079
62$1,139,083$912,964$853,160$1,045,601
63$1,199,508$901,938$825,980$1,057,080
64$1,264,341$888,616$796,134$1,068,548
65$1,333,975$872,829$763,475$1,080,042
66$1,408,842$854,400$727,854$1,091,607
67$1,489,418$833,140$689,111$1,103,298
68$1,576,225$808,850$647,082$1,115,182
69$1,669,835$781,318$601,594$1,127,336
70$1,770,877$750,322$552,467$1,139,852
71$1,880,043$715,625$499,511$1,152,838
72$1,998,094$676,976$442,531$1,166,418
73$2,125,863$634,111$381,319$1,180,736
74$2,264,269$586,751$315,662$1,195,958
75$2,414,323$534,600$245,334$1,212,276
76$2,577,133$477,345$170,103$1,229,908
77$2,753,922$414,656$89,722$1,249,104
78$2,946,031$346,183$3,937$1,270,146
79$3,154,939$271,559$0$1,293,360
80$3,382,270$190,393$0$1,339,676
81$3,629,813$102,274$0$1,391,266
82$3,899,536$6,767$0$1,447,741
83$4,193,604$0$0$1,509,700
84$4,514,401$0$0$1,624,578
85$4,864,551$0$0$1,753,665
86$5,246,941$0$0$1,894,766
87$5,664,750$0$0$2,049,069
88$6,121,478$0$0$2,217,884
89$6,620,978$0$0$2,402,652
90$7,167,494$0$0$2,604,960
91$7,765,696$0$0$2,826,557
92$8,420,729$0$0$3,069,367
93$9,138,257$0$0$3,335,511
94$9,924,520$0$0$3,627,323
95$10,786,388$0$0$3,947,375
96$11,731,427$0$0$4,298,499
97$12,767,973$0$0$4,683,816
98$13,905,205$0$0$5,106,761
99$15,153,233$0$0$5,571,120
100$16,523,196$0$0$6,081,063