Can I retire at age 59 with 891,000?

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 $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%16.8%
1 years$73,578$72,923$72,283$71,659$71,050$69,080
2 years$36,425$35,746$35,089$34,451$33,833$31,863
3 years$24,042$23,361$22,705$22,073$21,465$19,557
4 years$17,852$17,173$16,523$15,903$15,309$13,477
5 years$14,139$13,463$12,823$12,215$11,638$9,887
6 years$11,664$10,994$10,363$9,768$9,209$7,541
7 years$9,897$9,233$8,611$8,031$7,489$5,905
8 years$8,573$7,914$7,303$6,737$6,213$4,711
9 years$7,543$6,891$6,290$5,738$5,232$3,811
10 years$6,720$6,074$5,484$4,947$4,458$3,115
11 years$6,046$5,407$4,828$4,305$3,834$2,568
12 years$5,486$4,853$4,285$3,776$3,323$2,131
13 years$5,012$4,386$3,828$3,334$2,897$1,777
14 years$4,606$3,987$3,440$2,959$2,540$1,489
15 years$4,255$3,642$3,105$2,639$2,236$1,252
16 years$3,947$3,341$2,816$2,363$1,976$1,055
17 years$3,677$3,077$2,562$2,123$1,752$892
18 years$3,436$2,843$2,339$1,913$1,558$755
19 years$3,221$2,635$2,141$1,729$1,389$641
20 years$3,028$2,449$1,965$1,566$1,240$544
21 years$2,854$2,281$1,807$1,421$1,110$463
22 years$2,695$2,129$1,666$1,292$995$394
23 years$2,551$1,991$1,538$1,177$893$336
24 years$2,419$1,866$1,422$1,073$803$286
25 years$2,297$1,751$1,317$980$722$244
26 years$2,185$1,646$1,222$896$651$208
27 years$2,082$1,549$1,135$820$587$178
28 years$1,986$1,459$1,055$752$529$152
29 years$1,897$1,377$982$689$478$130
30 years$1,814$1,300$914$633$432$111
31 years$1,736$1,229$852$581$391$95
32 years$1,664$1,163$795$534$353$81
33 years$1,596$1,101$743$491$320$69
34 years$1,532$1,044$694$452$289$59
35 years$1,472$990$649$416$262$51
36 years$1,415$940$607$383$238$43
37 years$1,362$893$568$353$215$37
38 years$1,311$848$532$325$195$32
39 years$1,263$807$498$300$177$27
40 years$1,218$767$467$277$161$23
41 years$1,175$730$438$255$146$20
42 years$1,134$696$411$236$132$17
43 years$1,096$663$385$217$120$15
44 years$1,059$632$362$201$109$13
45 years$1,023$603$340$185$99$11
46 years$990$575$319$171$90$9
47 years$958$549$300$158$81$8
48 years$927$524$282$146$74$7
49 years$898$500$265$135$67$6
50 years$870$478$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 $891,000, adding $2,333 every year, while hoping to spend $34,961 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: 73/17/10 Blend
58$891,000$891,000$891,000$891,000
59$984,288$937,065$923,255$1,054,139
60$1,047,488$945,783$916,986$1,109,298
61$1,115,961$953,757$909,335$1,165,115
62$1,190,211$960,912$900,219$1,225,283
63$1,270,787$967,172$889,551$1,290,225
64$1,358,296$972,452$877,240$1,360,402
65$1,453,404$976,664$863,189$1,436,326
66$1,556,845$979,714$847,300$1,518,560
67$1,669,426$981,503$829,467$1,607,724
68$1,792,034$981,923$809,581$1,704,503
69$1,925,646$980,862$787,526$1,809,649
70$2,071,338$978,200$763,184$1,923,996
71$2,230,293$973,810$736,429$2,048,458
72$2,403,813$967,557$707,129$2,184,046
73$2,593,331$959,297$675,148$2,331,875
74$2,800,427$948,879$640,342$2,493,171
75$3,026,838$936,141$602,561$2,669,289
76$3,274,477$920,914$561,648$2,861,722
77$3,545,451$903,015$517,440$3,072,115
78$3,842,079$882,255$469,766$3,302,281
79$4,166,915$858,429$418,447$3,554,223
80$4,522,772$831,324$363,297$3,830,144
81$4,912,748$800,712$304,120$4,132,477
82$5,340,253$766,352$240,714$4,463,901
83$5,809,046$727,991$172,865$4,827,373
84$6,323,265$685,358$100,352$5,226,150
85$6,887,468$638,170$22,943$5,663,826
86$7,506,675$586,126$0$6,144,360
87$8,186,416$528,907$0$6,678,485
88$8,932,784$466,177$0$7,267,675
89$9,752,490$397,581$0$7,914,815
90$10,652,924$322,743$0$8,625,783
91$11,642,233$241,268$0$9,407,061
92$12,729,386$152,735$0$10,265,792
93$13,924,267$56,703$0$11,209,846
94$15,237,766$0$0$12,247,901
95$16,681,878$0$0$13,398,367
96$18,269,820$0$0$14,675,124
97$20,016,153$0$0$16,079,280
98$21,936,921$0$0$17,623,739
99$24,049,800$0$0$19,322,721
100$26,374,264$0$0$21,191,891