Can I retire at age 59 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$73,578$72,923$72,283$71,659$71,050$70,046
2 years$36,425$35,746$35,089$34,451$33,833$32,824
3 years$24,042$23,361$22,705$22,073$21,465$20,481
4 years$17,852$17,173$16,523$15,903$15,309$14,359
5 years$14,139$13,463$12,823$12,215$11,638$10,724
6 years$11,664$10,994$10,363$9,768$9,209$8,332
7 years$9,897$9,233$8,611$8,031$7,489$6,650
8 years$8,573$7,914$7,303$6,737$6,213$5,411
9 years$7,543$6,891$6,290$5,738$5,232$4,467
10 years$6,720$6,074$5,484$4,947$4,458$3,730
11 years$6,046$5,407$4,828$4,305$3,834$3,141
12 years$5,486$4,853$4,285$3,776$3,323$2,665
13 years$5,012$4,386$3,828$3,334$2,897$2,274
14 years$4,606$3,987$3,440$2,959$2,540$1,949
15 years$4,255$3,642$3,105$2,639$2,236$1,678
16 years$3,947$3,341$2,816$2,363$1,976$1,449
17 years$3,677$3,077$2,562$2,123$1,752$1,255
18 years$3,436$2,843$2,339$1,913$1,558$1,089
19 years$3,221$2,635$2,141$1,729$1,389$948
20 years$3,028$2,449$1,965$1,566$1,240$826
21 years$2,854$2,281$1,807$1,421$1,110$721
22 years$2,695$2,129$1,666$1,292$995$630
23 years$2,551$1,991$1,538$1,177$893$551
24 years$2,419$1,866$1,422$1,073$803$483
25 years$2,297$1,751$1,317$980$722$423
26 years$2,185$1,646$1,222$896$651$371
27 years$2,082$1,549$1,135$820$587$326
28 years$1,986$1,459$1,055$752$529$286
29 years$1,897$1,377$982$689$478$251
30 years$1,814$1,300$914$633$432$221
31 years$1,736$1,229$852$581$391$194
32 years$1,664$1,163$795$534$353$171
33 years$1,596$1,101$743$491$320$150
34 years$1,532$1,044$694$452$289$132
35 years$1,472$990$649$416$262$117
36 years$1,415$940$607$383$238$103
37 years$1,362$893$568$353$215$90
38 years$1,311$848$532$325$195$80
39 years$1,263$807$498$300$177$70
40 years$1,218$767$467$277$161$62
41 years$1,175$730$438$255$146$54
42 years$1,134$696$411$236$132$48
43 years$1,096$663$385$217$120$42
44 years$1,059$632$362$201$109$37
45 years$1,023$603$340$185$99$33
46 years$990$575$319$171$90$29
47 years$958$549$300$158$81$26
48 years$927$524$282$146$74$22
49 years$898$500$265$135$67$20
50 years$870$478$249$125$61$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $891,000, adding $2,058 every year, while hoping to spend $58,622 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: 65/15/20 Blend
58$891,000$891,000$891,000$891,000
59$984,005$936,782$922,971$1,042,853
60$1,022,000$920,311$891,518$1,066,158
61$1,061,906$901,068$857,045$1,084,747
62$1,103,855$878,855$819,391$1,103,680
63$1,147,993$853,464$778,386$1,122,993
64$1,194,477$824,672$733,850$1,142,727
65$1,243,478$792,245$685,598$1,162,929
66$1,295,183$755,935$633,436$1,183,654
67$1,349,794$715,479$577,159$1,204,964
68$1,407,536$670,600$516,556$1,226,932
69$1,468,648$621,003$451,404$1,249,638
70$1,533,397$566,379$381,473$1,273,176
71$1,602,071$506,399$306,520$1,297,652
72$1,674,986$440,716$226,292$1,323,185
73$1,752,488$368,965$140,526$1,349,911
74$1,834,954$290,757$48,947$1,377,982
75$1,922,800$205,684$0$1,407,573
76$2,016,476$113,314$0$1,449,288
77$2,116,481$13,190$0$1,504,759
78$2,223,357$0$0$1,563,843
79$2,337,702$0$0$1,642,597
80$2,460,167$0$0$1,729,314
81$2,591,470$0$0$1,822,330
82$2,732,398$0$0$1,922,208
83$2,883,814$0$0$2,029,564
84$3,046,664$0$0$2,145,076
85$3,221,989$0$0$2,269,488
86$3,410,931$0$0$2,403,617
87$3,614,745$0$0$2,548,360
88$3,834,808$0$0$2,704,704
89$4,072,636$0$0$2,873,731
90$4,329,892$0$0$3,056,634
91$4,608,407$0$0$3,254,720
92$4,910,191$0$0$3,469,431
93$5,237,457$0$0$3,702,348
94$5,592,636$0$0$3,955,211
95$5,978,404$0$0$4,229,937
96$6,397,703$0$0$4,528,630
97$6,853,769$0$0$4,853,608
98$7,350,165$0$0$5,207,420
99$7,890,808$0$0$5,592,872
100$8,480,011$0$0$6,013,050