Can I retire at age 59 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$73,908$73,250$72,608$71,981$71,369$69,195
2 years$36,588$35,907$35,246$34,606$33,985$31,814
3 years$24,150$23,466$22,807$22,172$21,561$19,461
4 years$17,932$17,250$16,597$15,974$15,378$13,364
5 years$14,202$13,524$12,880$12,270$11,690$9,768
6 years$11,716$11,043$10,409$9,812$9,250$7,421
7 years$9,942$9,274$8,650$8,067$7,523$5,788
8 years$8,611$7,950$7,336$6,767$6,241$4,598
9 years$7,577$6,922$6,318$5,764$5,256$3,704
10 years$6,750$6,101$5,509$4,969$4,478$3,015
11 years$6,074$5,431$4,850$4,324$3,851$2,474
12 years$5,511$4,875$4,304$3,793$3,337$2,044
13 years$5,035$4,406$3,845$3,349$2,910$1,697
14 years$4,627$4,004$3,455$2,973$2,551$1,414
15 years$4,274$3,658$3,119$2,651$2,246$1,183
16 years$3,965$3,356$2,828$2,374$1,985$992
17 years$3,693$3,091$2,574$2,133$1,760$834
18 years$3,452$2,856$2,349$1,922$1,565$703
19 years$3,236$2,647$2,151$1,737$1,395$593
20 years$3,042$2,460$1,974$1,573$1,246$501
21 years$2,867$2,291$1,816$1,428$1,115$424
22 years$2,707$2,139$1,673$1,298$1,000$359
23 years$2,562$2,000$1,545$1,182$897$304
24 years$2,429$1,874$1,429$1,078$806$258
25 years$2,307$1,759$1,323$985$726$219
26 years$2,195$1,653$1,227$900$654$186
27 years$2,091$1,556$1,140$824$589$158
28 years$1,995$1,466$1,060$755$532$134
29 years$1,905$1,383$986$692$480$114
30 years$1,822$1,306$918$635$434$97
31 years$1,744$1,235$856$584$392$82
32 years$1,671$1,168$799$536$355$70
33 years$1,603$1,106$746$493$321$59
34 years$1,539$1,049$697$454$291$51
35 years$1,478$995$652$418$263$43
36 years$1,421$944$610$385$239$37
37 years$1,368$897$571$354$216$31
38 years$1,317$852$534$327$196$26
39 years$1,269$810$501$301$178$23
40 years$1,224$771$469$278$161$19
41 years$1,180$734$440$256$146$16
42 years$1,139$699$413$237$133$14
43 years$1,100$666$387$218$120$12
44 years$1,063$635$363$202$109$10
45 years$1,028$605$341$186$99$9
46 years$994$577$321$172$90$7
47 years$962$551$301$159$82$6
48 years$931$526$283$147$74$5
49 years$902$502$266$136$68$4
50 years$874$480$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 $895,000, adding $2,135 every year, while hoping to spend $21,388 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: 42/34/24 Blend
58$895,000$895,000$895,000$895,000
59$988,492$941,057$927,185$1,022,981
60$1,066,562$964,412$935,489$1,071,190
61$1,151,878$988,195$943,354$1,121,160
62$1,245,156$1,012,404$950,744$1,174,850
63$1,347,187$1,037,036$957,618$1,232,615
64$1,458,837$1,062,088$963,936$1,294,847
65$1,581,065$1,087,557$969,654$1,361,976
66$1,714,922$1,113,436$974,726$1,434,475
67$1,861,570$1,139,720$979,105$1,512,869
68$2,022,285$1,166,401$982,740$1,597,732
69$2,198,474$1,193,471$985,578$1,689,700
70$2,391,688$1,220,920$987,564$1,789,473
71$2,603,631$1,248,736$988,638$1,897,822
72$2,836,184$1,276,907$988,740$2,015,598
73$3,091,418$1,305,418$987,806$2,143,738
74$3,371,612$1,334,254$985,768$2,283,274
75$3,679,280$1,363,396$982,554$2,435,347
76$4,017,189$1,392,824$978,092$2,601,211
77$4,388,386$1,422,517$972,302$2,782,250
78$4,796,232$1,452,451$965,105$2,979,990
79$5,244,425$1,482,598$956,413$3,196,112
80$5,737,041$1,512,930$946,138$3,432,472
81$6,278,572$1,543,416$934,186$3,691,112
82$6,873,963$1,574,021$920,458$3,974,287
83$7,528,667$1,604,707$904,853$4,284,479
84$8,248,687$1,635,434$887,261$4,624,428
85$9,040,640$1,666,157$867,572$4,997,151
86$9,911,816$1,696,829$845,666$5,405,978
87$10,870,246$1,727,399$821,421$5,854,575
88$11,924,781$1,757,811$794,708$6,346,988
89$13,085,169$1,788,004$765,391$6,887,675
90$14,362,155$1,817,915$733,330$7,481,550
91$15,767,576$1,847,474$698,378$8,134,031
92$17,314,475$1,876,607$660,380$8,851,089
93$19,017,224$1,905,233$619,175$9,639,310
94$20,891,658$1,933,267$574,595$10,505,948
95$22,955,227$1,960,617$526,464$11,459,006
96$25,227,158$1,987,184$474,598$12,507,300
97$27,728,636$2,012,865$418,805$13,660,552
98$30,483,006$2,037,545$358,885$14,929,478
99$33,515,993$2,061,105$294,628$16,325,887
100$36,855,942$2,083,416$225,815$17,862,801