Can I retire at age 59 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$74,156$73,495$72,851$72,222$71,608$69,567
2 years$36,711$36,027$35,365$34,722$34,099$32,058
3 years$24,231$23,544$22,883$22,247$21,634$19,658
4 years$17,992$17,307$16,653$16,028$15,429$13,533
5 years$14,250$13,569$12,924$12,311$11,729$9,918
6 years$11,756$11,080$10,444$9,845$9,281$7,556
7 years$9,975$9,305$8,679$8,094$7,548$5,909
8 years$8,640$7,976$7,361$6,790$6,262$4,709
9 years$7,602$6,945$6,340$5,784$5,273$3,805
10 years$6,772$6,122$5,527$4,985$4,493$3,107
11 years$6,094$5,450$4,866$4,339$3,864$2,558
12 years$5,529$4,891$4,318$3,806$3,349$2,119
13 years$5,051$4,420$3,858$3,360$2,920$1,765
14 years$4,642$4,018$3,467$2,983$2,560$1,477
15 years$4,288$3,670$3,130$2,660$2,254$1,240
16 years$3,978$3,368$2,838$2,382$1,992$1,044
17 years$3,706$3,101$2,582$2,140$1,766$881
18 years$3,463$2,866$2,357$1,928$1,570$745
19 years$3,247$2,656$2,158$1,743$1,400$631
20 years$3,052$2,468$1,980$1,578$1,250$535
21 years$2,876$2,299$1,822$1,432$1,119$454
22 years$2,716$2,146$1,679$1,302$1,003$386
23 years$2,571$2,007$1,550$1,186$900$328
24 years$2,438$1,881$1,434$1,082$809$280
25 years$2,315$1,765$1,328$988$728$238
26 years$2,202$1,659$1,231$903$656$203
27 years$2,098$1,561$1,144$827$591$173
28 years$2,001$1,471$1,063$758$534$148
29 years$1,912$1,388$989$695$482$126
30 years$1,828$1,310$921$638$435$107
31 years$1,750$1,239$859$586$394$92
32 years$1,677$1,172$802$538$356$78
33 years$1,608$1,110$748$495$322$67
34 years$1,544$1,052$699$455$292$57
35 years$1,483$998$654$419$264$49
36 years$1,426$947$612$386$239$42
37 years$1,372$900$572$356$217$36
38 years$1,322$855$536$328$197$30
39 years$1,273$813$502$302$178$26
40 years$1,228$773$471$279$162$22
41 years$1,184$736$441$257$147$19
42 years$1,143$701$414$237$133$16
43 years$1,104$668$389$219$121$14
44 years$1,067$637$365$202$110$12
45 years$1,031$607$342$187$100$10
46 years$998$579$322$173$90$9
47 years$965$553$302$159$82$7
48 years$935$528$284$147$75$6
49 years$905$504$267$136$68$5
50 years$877$481$251$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $898,000, adding $2,725 every year, while hoping to spend $36,810 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: 38/42/20 Blend
58$898,000$898,000$898,000$898,000
59$992,407$944,813$930,894$1,024,076
60$1,054,467$951,943$922,913$1,054,328
61$1,121,623$958,189$913,432$1,083,324
62$1,194,357$963,468$902,360$1,113,904
63$1,273,197$967,694$889,604$1,146,230
64$1,358,724$970,772$875,067$1,180,487
65$1,451,579$972,605$858,647$1,216,876
66$1,552,464$973,087$840,236$1,255,625
67$1,662,154$972,106$819,722$1,296,984
68$1,781,499$969,545$796,988$1,341,235
69$1,911,436$965,277$771,911$1,388,688
70$2,052,995$959,168$744,363$1,439,689
71$2,207,312$951,078$714,210$1,494,625
72$2,375,633$940,857$681,312$1,553,923
73$2,559,333$928,344$645,521$1,618,056
74$2,759,924$913,373$606,686$1,687,554
75$2,979,071$895,763$564,644$1,763,002
76$3,218,607$875,325$519,230$1,845,048
77$3,480,549$851,860$470,268$1,934,414
78$3,767,118$825,155$417,576$2,031,898
79$4,080,762$794,985$360,962$2,138,388
80$4,424,173$761,113$300,228$2,254,864
81$4,800,318$723,287$235,165$2,382,417
82$5,212,464$681,241$165,557$2,522,250
83$5,664,208$634,694$91,175$2,675,702
84$6,159,512$583,349$11,784$2,844,249
85$6,702,739$526,891$0$3,029,532
86$7,298,698$464,987$0$3,248,928
87$7,952,681$397,287$0$3,492,574
88$8,670,519$323,420$0$3,760,230
89$9,458,638$242,993$0$4,054,415
90$10,324,111$155,592$0$4,377,907
91$11,274,735$60,780$0$4,733,778
92$12,319,096$0$0$5,125,420
93$13,466,653$0$0$5,575,946
94$14,727,828$0$0$6,102,080
95$16,114,101$0$0$6,680,537
96$17,638,122$0$0$7,316,613
97$19,313,824$0$0$8,016,140
98$21,156,561$0$0$8,785,546
99$23,183,249$0$0$9,631,911
100$25,412,523$0$0$10,563,038