Can I retire at age 59 with 895,000?

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 $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%14.8%
1 years$73,908$73,250$72,608$71,981$71,369$69,956
2 years$36,588$35,907$35,246$34,606$33,985$32,568
3 years$24,150$23,466$22,807$22,172$21,561$20,184
4 years$17,932$17,250$16,597$15,974$15,378$14,051
5 years$14,202$13,524$12,880$12,270$11,690$10,417
6 years$11,716$11,043$10,409$9,812$9,250$8,032
7 years$9,942$9,274$8,650$8,067$7,523$6,360
8 years$8,611$7,950$7,336$6,767$6,241$5,134
9 years$7,577$6,922$6,318$5,764$5,256$4,203
10 years$6,750$6,101$5,509$4,969$4,478$3,479
11 years$6,074$5,431$4,850$4,324$3,851$2,905
12 years$5,511$4,875$4,304$3,793$3,337$2,442
13 years$5,035$4,406$3,845$3,349$2,910$2,064
14 years$4,627$4,004$3,455$2,973$2,551$1,753
15 years$4,274$3,658$3,119$2,651$2,246$1,495
16 years$3,965$3,356$2,828$2,374$1,985$1,278
17 years$3,693$3,091$2,574$2,133$1,760$1,096
18 years$3,452$2,856$2,349$1,922$1,565$942
19 years$3,236$2,647$2,151$1,737$1,395$811
20 years$3,042$2,460$1,974$1,573$1,246$699
21 years$2,867$2,291$1,816$1,428$1,115$604
22 years$2,707$2,139$1,673$1,298$1,000$522
23 years$2,562$2,000$1,545$1,182$897$452
24 years$2,429$1,874$1,429$1,078$806$391
25 years$2,307$1,759$1,323$985$726$339
26 years$2,195$1,653$1,227$900$654$294
27 years$2,091$1,556$1,140$824$589$255
28 years$1,995$1,466$1,060$755$532$222
29 years$1,905$1,383$986$692$480$193
30 years$1,822$1,306$918$635$434$167
31 years$1,744$1,235$856$584$392$146
32 years$1,671$1,168$799$536$355$127
33 years$1,603$1,106$746$493$321$110
34 years$1,539$1,049$697$454$291$96
35 years$1,478$995$652$418$263$83
36 years$1,421$944$610$385$239$72
37 years$1,368$897$571$354$216$63
38 years$1,317$852$534$327$196$55
39 years$1,269$810$501$301$178$48
40 years$1,224$771$469$278$161$42
41 years$1,180$734$440$256$146$36
42 years$1,139$699$413$237$133$32
43 years$1,100$666$387$218$120$27
44 years$1,063$635$363$202$109$24
45 years$1,028$605$341$186$99$21
46 years$994$577$321$172$90$18
47 years$962$551$301$159$82$16
48 years$931$526$283$147$74$14
49 years$902$502$266$136$68$12
50 years$874$480$250$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $895,000, adding $5,192 every year, while hoping to spend $55,945 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: 55/37/8 Blend
58$895,000$895,000$895,000$895,000
59$991,646$944,211$930,338$1,044,021
60$1,033,268$930,952$901,979$1,066,748
61$1,077,262$915,168$870,796$1,084,852
62$1,123,808$896,677$836,633$1,103,211
63$1,173,107$875,285$799,331$1,121,858
64$1,225,377$850,787$758,722$1,140,831
65$1,280,856$822,966$714,629$1,160,176
66$1,339,804$791,592$666,870$1,179,947
67$1,402,506$756,422$615,252$1,200,206
68$1,469,274$717,199$559,575$1,221,027
69$1,540,449$673,652$499,630$1,242,492
70$1,616,406$625,491$435,199$1,264,700
71$1,697,553$572,414$366,052$1,287,763
72$1,784,340$514,099$291,951$1,311,806
73$1,877,259$450,206$212,647$1,336,978
74$1,976,849$380,376$127,881$1,363,444
75$2,083,703$304,229$37,380$1,391,393
76$2,198,470$221,366$0$1,421,042
77$2,321,864$131,363$0$1,457,686
78$2,454,667$33,773$0$1,500,282
79$2,597,739$0$0$1,545,973
80$2,752,025$0$0$1,624,404
81$2,918,561$0$0$1,723,968
82$3,098,487$0$0$1,831,605
83$3,293,056$0$0$1,948,072
84$3,503,645$0$0$2,074,203
85$3,731,767$0$0$2,210,912
86$3,979,086$0$0$2,359,209
87$4,247,432$0$0$2,520,199
88$4,538,817$0$0$2,695,101
89$4,855,455$0$0$2,885,255
90$5,199,781$0$0$3,092,136
91$5,574,474$0$0$3,317,364
92$5,982,481$0$0$3,562,726
93$6,427,047$0$0$3,830,185
94$6,911,741$0$0$4,121,902
95$7,440,491$0$0$4,440,258
96$8,017,622$0$0$4,787,870
97$8,647,893$0$0$5,167,622
98$9,336,545$0$0$5,582,687
99$10,089,347$0$0$6,036,560
100$10,912,649$0$0$6,533,088