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%14%
1 years$73,578$72,923$72,283$71,659$71,050$69,873
2 years$36,425$35,746$35,089$34,451$33,833$32,651
3 years$24,042$23,361$22,705$22,073$21,465$20,314
4 years$17,852$17,173$16,523$15,903$15,309$14,198
5 years$14,139$13,463$12,823$12,215$11,638$10,571
6 years$11,664$10,994$10,363$9,768$9,209$8,186
7 years$9,897$9,233$8,611$8,031$7,489$6,512
8 years$8,573$7,914$7,303$6,737$6,213$5,280
9 years$7,543$6,891$6,290$5,738$5,232$4,344
10 years$6,720$6,074$5,484$4,947$4,458$3,613
11 years$6,046$5,407$4,828$4,305$3,834$3,032
12 years$5,486$4,853$4,285$3,776$3,323$2,562
13 years$5,012$4,386$3,828$3,334$2,897$2,177
14 years$4,606$3,987$3,440$2,959$2,540$1,859
15 years$4,255$3,642$3,105$2,639$2,236$1,594
16 years$3,947$3,341$2,816$2,363$1,976$1,371
17 years$3,677$3,077$2,562$2,123$1,752$1,182
18 years$3,436$2,843$2,339$1,913$1,558$1,022
19 years$3,221$2,635$2,141$1,729$1,389$885
20 years$3,028$2,449$1,965$1,566$1,240$768
21 years$2,854$2,281$1,807$1,421$1,110$667
22 years$2,695$2,129$1,666$1,292$995$580
23 years$2,551$1,991$1,538$1,177$893$505
24 years$2,419$1,866$1,422$1,073$803$440
25 years$2,297$1,751$1,317$980$722$384
26 years$2,185$1,646$1,222$896$651$335
27 years$2,082$1,549$1,135$820$587$293
28 years$1,986$1,459$1,055$752$529$256
29 years$1,897$1,377$982$689$478$224
30 years$1,814$1,300$914$633$432$196
31 years$1,736$1,229$852$581$391$171
32 years$1,664$1,163$795$534$353$150
33 years$1,596$1,101$743$491$320$131
34 years$1,532$1,044$694$452$289$115
35 years$1,472$990$649$416$262$101
36 years$1,415$940$607$383$238$88
37 years$1,362$893$568$353$215$77
38 years$1,311$848$532$325$195$68
39 years$1,263$807$498$300$177$59
40 years$1,218$767$467$277$161$52
41 years$1,175$730$438$255$146$46
42 years$1,134$696$411$236$132$40
43 years$1,096$663$385$217$120$35
44 years$1,059$632$362$201$109$31
45 years$1,023$603$340$185$99$27
46 years$990$575$319$171$90$24
47 years$958$549$300$158$81$21
48 years$927$524$282$146$74$18
49 years$898$500$265$135$67$16
50 years$870$478$249$125$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $891,000, adding $5,439 every year, while hoping to spend $57,115 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: 44/28/28 Blend
58$891,000$891,000$891,000$891,000
59$987,492$940,269$926,459$1,022,708
60$1,027,447$925,573$896,725$1,033,673
61$1,069,562$908,241$864,081$1,039,687
62$1,113,999$888,087$828,369$1,045,113
63$1,160,931$864,907$789,424$1,049,930
64$1,210,550$838,491$747,074$1,054,118
65$1,263,062$808,614$701,137$1,057,659
66$1,318,696$775,037$651,426$1,060,539
67$1,377,698$737,510$597,745$1,062,748
68$1,440,340$695,765$539,886$1,064,279
69$1,506,919$649,521$477,636$1,065,132
70$1,577,758$598,480$410,770$1,065,311
71$1,653,212$542,329$339,054$1,064,828
72$1,733,670$480,733$262,242$1,063,704
73$1,819,557$413,342$180,080$1,061,968
74$1,911,340$339,784$92,301$1,059,659
75$2,009,529$259,666$0$1,056,830
76$2,114,686$172,575$0$1,053,959
77$2,227,425$78,072$0$1,080,170
78$2,348,420$0$0$1,108,050
79$2,478,411$0$0$1,145,301
80$2,618,210$0$0$1,211,310
81$2,768,709$0$0$1,282,450
82$2,930,888$0$0$1,359,196
83$3,105,822$0$0$1,442,067
84$3,294,692$0$0$1,531,634
85$3,498,797$0$0$1,628,525
86$3,719,565$0$0$1,733,430
87$3,958,564$0$0$1,847,107
88$4,217,518$0$0$1,970,391
89$4,498,323$0$0$2,104,198
90$4,803,065$0$0$2,249,537
91$5,134,037$0$0$2,407,519
92$5,493,762$0$0$2,579,363
93$5,885,014$0$0$2,766,413
94$6,310,847$0$0$2,970,147
95$6,774,620$0$0$3,192,190
96$7,280,030$0$0$3,434,334
97$7,831,145$0$0$3,698,547
98$8,432,444$0$0$3,986,998
99$9,088,854$0$0$4,302,074
100$9,805,802$0$0$4,646,402