Can I retire at age 59 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$73,826$73,168$72,527$71,900$71,289$69,173
2 years$36,547$35,867$35,207$34,567$33,947$31,833
3 years$24,123$23,439$22,781$22,148$21,537$19,491
4 years$17,912$17,230$16,579$15,956$15,361$13,398
5 years$14,186$13,509$12,866$12,256$11,677$9,803
6 years$11,703$11,031$10,398$9,801$9,240$7,457
7 years$9,930$9,264$8,640$8,058$7,514$5,822
8 years$8,601$7,941$7,328$6,760$6,234$4,631
9 years$7,568$6,914$6,311$5,758$5,250$3,735
10 years$6,742$6,094$5,502$4,963$4,473$3,044
11 years$6,067$5,425$4,844$4,320$3,847$2,501
12 years$5,504$4,869$4,299$3,789$3,334$2,068
13 years$5,029$4,401$3,841$3,345$2,907$1,720
14 years$4,622$4,000$3,451$2,969$2,548$1,436
15 years$4,269$3,654$3,116$2,648$2,244$1,203
16 years$3,961$3,353$2,825$2,371$1,983$1,010
17 years$3,689$3,088$2,571$2,130$1,758$851
18 years$3,448$2,853$2,347$1,920$1,563$718
19 years$3,232$2,644$2,148$1,735$1,393$606
20 years$3,038$2,457$1,972$1,571$1,245$513
21 years$2,863$2,289$1,813$1,426$1,114$435
22 years$2,704$2,136$1,671$1,297$998$369
23 years$2,559$1,998$1,543$1,181$896$313
24 years$2,427$1,872$1,427$1,077$806$266
25 years$2,305$1,757$1,322$984$725$226
26 years$2,193$1,651$1,226$899$653$192
27 years$2,089$1,554$1,138$823$589$163
28 years$1,993$1,464$1,058$754$531$139
29 years$1,903$1,381$985$692$480$118
30 years$1,820$1,305$917$635$433$101
31 years$1,742$1,233$855$583$392$86
32 years$1,669$1,167$798$536$354$73
33 years$1,601$1,105$745$493$321$62
34 years$1,537$1,047$696$453$290$53
35 years$1,477$993$651$417$263$45
36 years$1,420$943$609$384$238$38
37 years$1,366$896$570$354$216$33
38 years$1,316$851$534$326$196$28
39 years$1,268$809$500$301$178$24
40 years$1,222$770$469$278$161$20
41 years$1,179$733$439$256$146$17
42 years$1,138$698$412$236$133$15
43 years$1,099$665$387$218$120$13
44 years$1,062$634$363$201$109$11
45 years$1,027$605$341$186$99$9
46 years$993$577$320$172$90$8
47 years$961$550$301$159$82$7
48 years$930$525$283$147$74$6
49 years$901$502$266$136$67$5
50 years$873$479$250$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $894,000, adding $2,955 every year, while hoping to spend $40,704 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: 54/30/16 Blend
58$894,000$894,000$894,000$894,000
59$988,236$940,854$926,997$1,037,226
60$1,045,727$943,647$914,743$1,073,773
61$1,107,719$945,213$900,714$1,108,938
62$1,174,626$945,448$884,807$1,146,303
63$1,246,906$944,243$866,917$1,186,087
64$1,325,061$941,482$846,930$1,228,534
65$1,409,644$937,042$824,728$1,273,915
66$1,501,262$930,790$800,190$1,322,530
67$1,600,581$922,589$773,187$1,374,710
68$1,708,335$912,292$743,584$1,430,824
69$1,825,332$899,741$711,241$1,491,280
70$1,952,460$884,772$676,011$1,556,530
71$2,090,694$867,209$637,741$1,627,075
72$2,241,109$846,866$596,269$1,703,469
73$2,404,887$823,548$551,429$1,786,325
74$2,583,329$797,045$503,046$1,876,325
75$2,777,866$767,137$450,935$1,974,219
76$2,990,073$733,592$394,906$2,080,841
77$3,221,685$696,162$334,760$2,197,112
78$3,474,609$654,587$270,287$2,324,051
79$3,750,948$608,591$201,271$2,462,786
80$4,053,015$557,881$127,483$2,614,565
81$4,383,355$502,150$48,686$2,780,766
82$4,744,773$441,072$0$2,962,915
83$5,140,358$374,302$0$3,168,743
84$5,573,507$301,476$0$3,403,332
85$6,047,966$222,209$0$3,660,469
86$6,567,858$136,097$0$3,942,479
87$7,137,723$42,709$0$4,251,930
88$7,762,563$0$0$4,591,654
89$8,447,885$0$0$4,984,060
90$9,199,756$0$0$5,430,126
91$10,024,860$0$0$5,919,727
92$10,930,555$0$0$6,457,244
93$11,924,952$0$0$7,047,499
94$13,016,980$0$0$7,695,806
95$14,216,480$0$0$8,408,019
96$15,534,288$0$0$9,190,585
97$16,982,347$0$0$10,050,609
98$18,573,810$0$0$10,995,916
99$20,323,169$0$0$12,035,130
100$22,246,390$0$0$13,177,748