Can I retire at age 59 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$73,661$73,004$72,364$71,739$71,129$70,563
2 years$36,466$35,786$35,128$34,490$33,871$33,300
3 years$24,069$23,387$22,730$22,098$21,489$20,931
4 years$17,872$17,192$16,542$15,920$15,326$14,786
5 years$14,154$13,479$12,837$12,228$11,651$11,129
6 years$11,677$11,006$10,374$9,779$9,219$8,717
7 years$9,908$9,243$8,621$8,040$7,497$7,016
8 years$8,582$7,923$7,311$6,745$6,220$5,758
9 years$7,551$6,898$6,297$5,745$5,238$4,796
10 years$6,727$6,081$5,490$4,952$4,463$4,040
11 years$6,053$5,413$4,833$4,310$3,838$3,435
12 years$5,492$4,859$4,290$3,780$3,326$2,942
13 years$5,018$4,391$3,832$3,337$2,901$2,534
14 years$4,611$3,991$3,443$2,963$2,543$2,194
15 years$4,259$3,646$3,109$2,642$2,239$1,908
16 years$3,952$3,345$2,819$2,366$1,979$1,665
17 years$3,681$3,081$2,565$2,126$1,754$1,457
18 years$3,440$2,847$2,341$1,916$1,560$1,279
19 years$3,225$2,638$2,143$1,731$1,390$1,124
20 years$3,032$2,452$1,967$1,568$1,242$991
21 years$2,857$2,284$1,809$1,423$1,111$874
22 years$2,698$2,132$1,668$1,294$996$773
23 years$2,554$1,994$1,540$1,178$894$684
24 years$2,421$1,868$1,424$1,075$804$606
25 years$2,300$1,753$1,319$981$723$537
26 years$2,188$1,648$1,223$897$651$477
27 years$2,084$1,551$1,136$821$587$424
28 years$1,988$1,461$1,056$752$530$377
29 years$1,899$1,378$983$690$479$335
30 years$1,816$1,302$915$633$432$298
31 years$1,738$1,231$853$582$391$265
32 years$1,666$1,164$796$535$354$236
33 years$1,597$1,103$743$492$320$211
34 years$1,534$1,045$695$452$290$188
35 years$1,473$991$649$416$262$167
36 years$1,417$941$607$383$238$149
37 years$1,363$894$569$353$216$133
38 years$1,313$849$532$326$195$119
39 years$1,265$807$499$300$177$106
40 years$1,220$768$468$277$161$95
41 years$1,176$731$438$255$146$84
42 years$1,136$696$411$236$132$75
43 years$1,097$664$386$218$120$67
44 years$1,060$633$362$201$109$60
45 years$1,025$603$340$186$99$54
46 years$991$575$319$171$90$48
47 years$959$549$300$158$82$43
48 years$928$524$282$146$74$38
49 years$899$501$265$135$67$34
50 years$871$478$249$125$61$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $892,000, adding $2,373 every year, while hoping to spend $41,969 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: 63/20/17 Blend
58$892,000$892,000$892,000$892,000
59$985,432$938,156$924,330$1,043,176
60$1,041,291$939,471$910,640$1,083,584
61$1,101,441$939,443$895,085$1,122,718
62$1,166,276$937,964$877,558$1,164,456
63$1,236,228$934,915$857,948$1,209,054
64$1,311,770$930,173$836,136$1,256,797
65$1,393,426$923,607$812,002$1,307,996
66$1,481,767$915,076$785,416$1,362,998
67$1,577,426$904,433$756,246$1,422,187
68$1,681,093$891,520$724,350$1,485,986
69$1,793,533$876,172$689,584$1,554,863
70$1,915,581$858,213$651,793$1,629,338
71$2,048,160$837,456$610,818$1,709,981
72$2,192,284$813,702$566,492$1,797,427
73$2,349,068$786,744$518,640$1,892,375
74$2,519,738$756,360$467,080$1,995,599
75$2,705,646$722,316$411,621$2,107,954
76$2,908,276$684,364$352,065$2,230,385
77$3,129,264$642,242$288,203$2,363,935
78$3,370,410$595,672$219,818$2,509,758
79$3,633,694$544,363$146,685$2,669,127
80$3,921,297$488,003$68,566$2,843,452
81$4,235,621$426,267$0$3,034,286
82$4,579,308$358,807$0$3,246,032
83$4,955,268$285,259$0$3,491,348
84$5,366,705$205,237$0$3,759,929
85$5,817,147$118,332$0$4,054,136
86$6,310,481$24,115$0$4,376,578
87$6,850,984$0$0$4,730,129
88$7,443,369$0$0$5,135,098
89$8,092,825$0$0$5,584,964
90$8,805,067$0$0$6,078,388
91$9,586,392$0$0$6,619,741
92$10,443,733$0$0$7,213,833
93$11,384,728$0$0$7,865,968
94$12,417,790$0$0$8,581,985
95$13,552,187$0$0$9,368,317
96$14,798,127$0$0$10,232,050
97$16,166,857$0$0$11,180,991
98$17,670,767$0$0$12,223,740
99$19,323,504$0$0$13,369,772
100$21,140,105$0$0$14,629,524