Can I retire at age 59 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$73,495$72,841$72,202$71,579$70,970$68,947
2 years$36,384$35,706$35,050$34,413$33,795$31,773
3 years$24,015$23,334$22,679$22,049$21,441$19,483
4 years$17,832$17,153$16,505$15,885$15,292$13,412
5 years$14,123$13,448$12,808$12,201$11,625$9,829
6 years$11,651$10,982$10,351$9,757$9,198$7,489
7 years$9,886$9,222$8,602$8,022$7,481$5,857
8 years$8,563$7,905$7,295$6,729$6,206$4,667
9 years$7,534$6,883$6,283$5,732$5,226$3,771
10 years$6,712$6,067$5,478$4,941$4,453$3,079
11 years$6,040$5,401$4,823$4,300$3,830$2,535
12 years$5,480$4,848$4,280$3,772$3,319$2,101
13 years$5,006$4,381$3,824$3,330$2,894$1,750
14 years$4,601$3,982$3,436$2,956$2,537$1,464
15 years$4,250$3,638$3,102$2,636$2,234$1,229
16 years$3,943$3,338$2,812$2,360$1,974$1,034
17 years$3,673$3,074$2,559$2,121$1,750$873
18 years$3,432$2,840$2,336$1,911$1,556$738
19 years$3,218$2,632$2,139$1,727$1,387$625
20 years$3,025$2,446$1,963$1,564$1,239$530
21 years$2,851$2,278$1,805$1,420$1,109$450
22 years$2,692$2,127$1,664$1,291$994$383
23 years$2,548$1,989$1,536$1,175$892$326
24 years$2,416$1,864$1,421$1,072$802$277
25 years$2,295$1,749$1,316$979$722$236
26 years$2,183$1,644$1,221$895$650$201
27 years$2,079$1,547$1,133$819$586$171
28 years$1,984$1,458$1,054$751$529$146
29 years$1,895$1,375$980$688$477$125
30 years$1,812$1,299$913$632$431$106
31 years$1,734$1,228$851$580$390$91
32 years$1,662$1,162$794$533$353$78
33 years$1,594$1,100$742$490$319$66
34 years$1,530$1,043$693$451$289$57
35 years$1,470$989$648$415$262$48
36 years$1,414$939$606$383$237$41
37 years$1,360$892$567$352$215$35
38 years$1,310$847$531$325$195$30
39 years$1,262$806$498$300$177$26
40 years$1,217$767$467$276$160$22
41 years$1,174$730$437$255$145$19
42 years$1,133$695$410$235$132$16
43 years$1,094$662$385$217$120$14
44 years$1,057$631$361$201$109$12
45 years$1,022$602$339$185$99$10
46 years$989$574$319$171$90$9
47 years$957$548$299$158$81$7
48 years$926$523$281$146$74$6
49 years$897$499$265$135$67$5
50 years$869$477$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $890,000, adding $4,795 every year, while hoping to spend $42,377 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: 77/17/6 Blend
58$890,000$890,000$890,000$890,000
59$985,726$938,556$924,761$1,060,706
60$1,041,181$939,456$910,652$1,111,494
61$1,100,873$938,981$894,649$1,161,194
62$1,165,188$937,017$876,646$1,214,431
63$1,234,551$933,445$856,528$1,271,539
64$1,309,432$928,140$834,178$1,332,884
65$1,390,342$920,967$809,471$1,398,871
66$1,477,846$911,784$782,278$1,469,946
67$1,572,565$900,440$752,463$1,546,599
68$1,675,180$886,775$719,884$1,629,372
69$1,786,443$870,621$684,394$1,718,863
70$1,907,176$851,798$645,837$1,815,729
71$2,038,287$830,115$604,052$1,920,697
72$2,180,774$805,372$558,870$2,034,566
73$2,335,734$777,357$510,113$2,158,220
74$2,504,374$745,842$457,597$2,292,630
75$2,688,024$710,592$401,130$2,438,871
76$2,888,143$671,352$340,509$2,598,124
77$3,106,342$627,856$275,524$2,771,696
78$3,344,391$579,824$205,956$2,961,025
79$3,604,239$526,955$131,576$3,167,696
80$3,888,031$468,935$52,143$3,393,460
81$4,198,129$405,432$0$3,640,246
82$4,537,132$336,092$0$3,912,271
83$4,907,904$260,545$0$4,213,489
84$5,313,597$178,398$0$4,543,163
85$5,757,680$89,236$0$4,904,166
86$6,243,975$0$0$5,299,660
87$6,776,692$0$0$5,734,517
88$7,360,464$0$0$6,229,374
89$8,000,397$0$0$6,771,870
90$8,702,111$0$0$7,366,773
91$9,471,799$0$0$8,019,339
92$10,316,280$0$0$8,735,352
93$11,243,067$0$0$9,521,188
94$12,260,433$0$0$10,383,865
95$13,377,494$0$0$11,331,119
96$14,604,290$0$0$12,371,467
97$15,951,881$0$0$13,514,295
98$17,432,452$0$0$14,769,941
99$19,059,426$0$0$16,149,794
100$20,847,591$0$0$17,666,402