Can I retire at age 59 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,239$73,577$72,932$72,302$71,688$70,240
2 years$36,752$36,067$35,404$34,761$34,137$32,685
3 years$24,258$23,570$22,909$22,272$21,658$20,247
4 years$18,012$17,327$16,672$16,045$15,447$14,087
5 years$14,266$13,584$12,938$12,324$11,742$10,438
6 years$11,769$11,093$10,456$9,856$9,291$8,044
7 years$9,986$9,316$8,689$8,103$7,556$6,367
8 years$8,650$7,985$7,369$6,797$6,269$5,136
9 years$7,611$6,953$6,347$5,790$5,279$4,202
10 years$6,780$6,128$5,533$4,991$4,498$3,476
11 years$6,101$5,456$4,871$4,344$3,868$2,901
12 years$5,535$4,897$4,323$3,810$3,352$2,437
13 years$5,057$4,425$3,862$3,364$2,923$2,059
14 years$4,647$4,022$3,470$2,986$2,563$1,747
15 years$4,293$3,675$3,133$2,663$2,256$1,488
16 years$3,983$3,371$2,841$2,384$1,994$1,272
17 years$3,710$3,105$2,585$2,142$1,768$1,090
18 years$3,467$2,869$2,360$1,931$1,572$936
19 years$3,250$2,659$2,160$1,744$1,401$805
20 years$3,055$2,471$1,983$1,580$1,252$694
21 years$2,879$2,302$1,824$1,434$1,120$599
22 years$2,719$2,148$1,681$1,304$1,004$517
23 years$2,574$2,009$1,552$1,187$901$447
24 years$2,440$1,883$1,435$1,083$810$387
25 years$2,318$1,767$1,329$989$729$335
26 years$2,205$1,660$1,233$904$657$291
27 years$2,100$1,563$1,145$828$592$252
28 years$2,004$1,473$1,064$758$534$219
29 years$1,914$1,389$990$695$482$190
30 years$1,830$1,312$923$638$436$165
31 years$1,752$1,240$860$586$394$143
32 years$1,679$1,173$802$539$356$124
33 years$1,610$1,111$749$495$323$108
34 years$1,546$1,053$700$456$292$94
35 years$1,485$999$654$420$265$82
36 years$1,428$948$612$386$240$71
37 years$1,374$901$573$356$217$62
38 years$1,323$856$537$328$197$54
39 years$1,275$814$503$303$179$47
40 years$1,229$774$471$279$162$41
41 years$1,186$737$442$258$147$35
42 years$1,145$702$415$238$133$31
43 years$1,105$669$389$219$121$27
44 years$1,068$638$365$203$110$23
45 years$1,033$608$343$187$100$20
46 years$999$580$322$173$91$18
47 years$966$553$302$160$82$15
48 years$936$528$284$148$75$13
49 years$906$505$267$136$68$12
50 years$878$482$251$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $899,000, adding $4,376 every year, while hoping to spend $43,854 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: 22/49/29 Blend
58$899,000$899,000$899,000$899,000
59$995,212$947,565$933,630$1,007,906
60$1,050,063$947,335$918,247$1,019,350
61$1,109,039$945,625$900,878$1,027,646
62$1,172,515$942,314$881,411$1,035,584
63$1,240,902$937,277$859,728$1,043,164
64$1,314,651$930,381$835,706$1,050,389
65$1,394,258$921,482$809,215$1,057,269
66$1,480,269$910,431$780,120$1,063,817
67$1,573,282$897,069$748,280$1,070,056
68$1,673,957$881,225$713,548$1,076,012
69$1,783,017$862,721$675,768$1,081,724
70$1,901,258$841,368$634,779$1,087,239
71$2,029,555$816,964$590,413$1,092,615
72$2,168,871$789,296$542,494$1,097,923
73$2,320,265$758,141$490,836$1,103,250
74$2,484,901$723,259$435,249$1,108,698
75$2,664,062$684,400$375,530$1,114,388
76$2,859,156$641,295$311,470$1,120,463
77$3,071,736$593,665$242,850$1,127,087
78$3,303,509$541,210$169,442$1,134,454
79$3,556,354$483,616$91,005$1,142,786
80$3,832,339$420,551$7,291$1,152,338
81$4,133,742$351,662$0$1,163,404
82$4,463,069$276,579$0$1,201,708
83$4,823,080$194,909$0$1,246,301
84$5,216,812$106,237$0$1,295,449
85$5,647,610$10,127$0$1,349,736
86$6,119,159$0$0$1,409,818
87$6,635,514$0$0$1,527,049
88$7,201,141$0$0$1,661,608
89$7,820,959$0$0$1,809,223
90$8,500,386$0$0$1,971,206
91$9,245,388$0$0$2,149,001
92$10,062,536$0$0$2,344,198
93$10,959,067$0$0$2,558,549
94$11,942,955$0$0$2,793,984
95$13,022,980$0$0$3,052,630
96$14,208,816$0$0$3,336,827
97$15,511,118$0$0$3,649,156
98$16,941,624$0$0$3,992,460
99$18,513,266$0$0$4,369,871
100$20,240,288$0$0$4,784,838