Can I retire at age 59 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$73,330$72,677$72,040$71,418$70,810$68,108
2 years$36,302$35,626$34,971$34,335$33,719$31,029
3 years$23,961$23,282$22,628$21,999$21,393$18,799
4 years$17,792$17,115$16,468$15,849$15,258$12,779
5 years$14,091$13,418$12,780$12,174$11,599$9,243
6 years$11,625$10,957$10,328$9,735$9,178$6,946
7 years$9,864$9,202$8,582$8,004$7,464$5,355
8 years$8,544$7,887$7,279$6,714$6,192$4,205
9 years$7,517$6,867$6,269$5,719$5,215$3,346
10 years$6,697$6,053$5,466$4,930$4,443$2,689
11 years$6,026$5,389$4,812$4,291$3,821$2,178
12 years$5,467$4,837$4,270$3,763$3,311$1,775
13 years$4,995$4,371$3,815$3,322$2,888$1,454
14 years$4,591$3,973$3,428$2,949$2,531$1,195
15 years$4,240$3,630$3,095$2,630$2,229$986
16 years$3,934$3,330$2,806$2,355$1,970$815
17 years$3,664$3,067$2,553$2,116$1,746$675
18 years$3,425$2,834$2,331$1,907$1,553$560
19 years$3,211$2,626$2,134$1,723$1,384$466
20 years$3,018$2,441$1,958$1,561$1,236$388
21 years$2,844$2,273$1,801$1,416$1,106$323
22 years$2,686$2,122$1,660$1,288$992$269
23 years$2,542$1,985$1,533$1,173$890$224
24 years$2,410$1,860$1,418$1,070$800$187
25 years$2,289$1,745$1,313$977$720$156
26 years$2,178$1,640$1,218$893$649$131
27 years$2,075$1,544$1,131$818$585$109
28 years$1,979$1,454$1,051$749$528$91
29 years$1,890$1,372$978$687$476$76
30 years$1,808$1,296$911$630$430$64
31 years$1,730$1,225$850$579$389$53
32 years$1,658$1,159$793$532$352$45
33 years$1,590$1,098$740$489$319$37
34 years$1,527$1,040$691$450$288$31
35 years$1,467$987$646$414$261$26
36 years$1,410$937$605$382$237$22
37 years$1,357$890$566$352$215$18
38 years$1,307$845$530$324$195$15
39 years$1,259$804$497$299$176$13
40 years$1,214$765$465$276$160$11
41 years$1,171$728$436$254$145$9
42 years$1,131$693$409$235$132$7
43 years$1,092$661$384$217$120$6
44 years$1,055$630$361$200$108$5
45 years$1,020$600$339$185$98$4
46 years$987$573$318$171$89$4
47 years$955$547$299$158$81$3
48 years$924$522$281$146$74$3
49 years$895$498$264$135$67$2
50 years$867$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 $888,000, adding $5,037 every year, while hoping to spend $20,338 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: 78/11/11 Blend
58$888,000$888,000$888,000$888,000
59$983,772$936,708$922,944$1,058,162
60$1,062,477$960,967$932,223$1,132,046
61$1,148,528$985,733$941,131$1,209,944
62$1,242,654$1,011,010$949,635$1,294,796
63$1,345,655$1,036,800$957,698$1,387,289
64$1,458,415$1,063,105$965,283$1,488,176
65$1,581,904$1,089,928$972,351$1,598,289
66$1,717,192$1,117,269$978,860$1,718,544
67$1,865,460$1,145,129$984,765$1,849,947
68$2,028,003$1,173,507$990,021$1,993,610
69$2,206,253$1,202,403$994,580$2,150,756
70$2,401,783$1,231,812$998,391$2,322,733
71$2,616,327$1,261,734$1,001,399$2,511,024
72$2,851,796$1,292,162$1,003,550$2,717,264
73$3,110,294$1,323,093$1,004,784$2,943,256
74$3,394,139$1,354,519$1,005,039$3,190,983
75$3,705,884$1,386,433$1,004,250$3,462,632
76$4,048,341$1,418,825$1,002,349$3,760,612
77$4,424,609$1,451,685$999,265$4,087,578
78$4,838,101$1,485,000$994,923$4,446,452
79$5,292,579$1,518,756$989,244$4,840,458
80$5,792,185$1,552,938$982,147$5,273,145
81$6,341,482$1,587,527$973,543$5,748,425
82$6,945,501$1,622,503$963,345$6,270,608
83$7,609,781$1,657,845$951,456$6,844,443
84$8,340,427$1,693,527$937,777$7,475,162
85$9,144,163$1,729,523$922,206$8,168,532
86$10,028,401$1,765,803$904,633$8,930,907
87$11,001,304$1,802,333$884,944$9,769,288
88$12,071,868$1,839,079$863,021$10,691,390
89$13,250,006$1,876,001$838,740$11,705,714
90$14,546,638$1,913,056$811,969$12,821,628
91$15,973,798$1,950,199$782,573$14,049,455
92$17,544,746$1,987,379$750,409$15,400,570
93$19,274,091$2,024,542$715,329$16,887,510
94$21,177,933$2,061,629$677,177$18,524,086
95$23,274,010$2,098,577$635,790$20,325,522
96$25,581,868$2,135,316$590,999$22,308,591
97$28,123,047$2,171,775$542,625$24,491,778
98$30,921,278$2,207,872$490,483$26,895,453
99$34,002,713$2,243,523$434,379$29,542,064
100$37,396,170$2,278,636$374,111$32,456,346