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%17.8%
1 years$73,908$73,250$72,608$71,981$71,369$69,112
2 years$36,588$35,907$35,246$34,606$33,985$31,732
3 years$24,150$23,466$22,807$22,172$21,561$19,382
4 years$17,932$17,250$16,597$15,974$15,378$13,290
5 years$14,202$13,524$12,880$12,270$11,690$9,698
6 years$11,716$11,043$10,409$9,812$9,250$7,357
7 years$9,942$9,274$8,650$8,067$7,523$5,727
8 years$8,611$7,950$7,336$6,767$6,241$4,542
9 years$7,577$6,922$6,318$5,764$5,256$3,652
10 years$6,750$6,101$5,509$4,969$4,478$2,967
11 years$6,074$5,431$4,850$4,324$3,851$2,430
12 years$5,511$4,875$4,304$3,793$3,337$2,003
13 years$5,035$4,406$3,845$3,349$2,910$1,660
14 years$4,627$4,004$3,455$2,973$2,551$1,381
15 years$4,274$3,658$3,119$2,651$2,246$1,153
16 years$3,965$3,356$2,828$2,374$1,985$965
17 years$3,693$3,091$2,574$2,133$1,760$809
18 years$3,452$2,856$2,349$1,922$1,565$680
19 years$3,236$2,647$2,151$1,737$1,395$573
20 years$3,042$2,460$1,974$1,573$1,246$483
21 years$2,867$2,291$1,816$1,428$1,115$407
22 years$2,707$2,139$1,673$1,298$1,000$344
23 years$2,562$2,000$1,545$1,182$897$291
24 years$2,429$1,874$1,429$1,078$806$246
25 years$2,307$1,759$1,323$985$726$208
26 years$2,195$1,653$1,227$900$654$176
27 years$2,091$1,556$1,140$824$589$149
28 years$1,995$1,466$1,060$755$532$127
29 years$1,905$1,383$986$692$480$107
30 years$1,822$1,306$918$635$434$91
31 years$1,744$1,235$856$584$392$77
32 years$1,671$1,168$799$536$355$65
33 years$1,603$1,106$746$493$321$55
34 years$1,539$1,049$697$454$291$47
35 years$1,478$995$652$418$263$40
36 years$1,421$944$610$385$239$34
37 years$1,368$897$571$354$216$29
38 years$1,317$852$534$327$196$24
39 years$1,269$810$501$301$178$21
40 years$1,224$771$469$278$161$18
41 years$1,180$734$440$256$146$15
42 years$1,139$699$413$237$133$13
43 years$1,100$666$387$218$120$11
44 years$1,063$635$363$202$109$9
45 years$1,028$605$341$186$99$8
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$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $895,000, adding $4,949 every year, while hoping to spend $40,122 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: 70/5/25 Blend
58$895,000$895,000$895,000$895,000
59$991,395$943,960$930,087$1,054,164
60$1,049,828$947,524$918,556$1,100,377
61$1,112,876$949,919$905,293$1,145,822
62$1,180,968$951,044$890,199$1,194,621
63$1,254,575$950,793$873,169$1,247,105
64$1,334,213$949,054$854,092$1,303,640
65$1,420,453$945,707$832,854$1,364,627
66$1,513,918$940,626$809,334$1,430,512
67$1,615,298$933,677$783,406$1,501,786
68$1,725,347$924,716$754,940$1,578,990
69$1,844,898$913,592$723,796$1,662,723
70$1,974,866$900,146$689,831$1,753,646
71$2,116,256$884,208$652,894$1,852,486
72$2,270,177$865,597$612,829$1,960,048
73$2,437,847$844,123$569,470$2,077,220
74$2,620,607$819,584$522,647$2,204,981
75$2,819,932$791,767$472,179$2,344,412
76$3,037,447$760,446$417,879$2,496,707
77$3,274,940$725,381$359,551$2,663,181
78$3,534,379$686,320$296,992$2,845,287
79$3,817,931$642,994$229,986$3,044,627
80$4,127,981$595,122$158,311$3,262,969
81$4,467,155$542,404$81,735$3,502,264
82$4,838,347$484,523$15$3,764,662
83$5,244,739$421,145$0$4,052,539
84$5,689,839$351,918$0$4,391,770
85$6,177,508$276,468$0$4,763,503
86$6,712,000$194,401$0$5,170,991
87$7,297,999$105,301$0$5,617,826
88$7,940,662$8,728$0$6,107,964
89$8,645,673$0$0$6,645,763
90$9,419,289$0$0$7,241,295
91$10,268,404$0$0$7,895,523
92$11,200,612$0$0$8,613,824
93$12,224,277$0$0$9,402,650
94$13,348,614$0$0$10,269,109
95$14,583,774$0$0$11,221,028
96$15,940,938$0$0$12,267,034
97$17,432,426$0$0$13,416,629
98$19,071,809$0$0$14,680,281
99$20,874,040$0$0$16,069,523
100$22,855,591$0$0$17,597,061