Can I retire at age 59 with 899,000?

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 $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%13.1%
1 years$74,239$73,577$72,932$72,302$71,688$70,762
2 years$36,752$36,067$35,404$34,761$34,137$33,206
3 years$24,258$23,570$22,909$22,272$21,658$20,750
4 years$18,012$17,327$16,672$16,045$15,447$14,569
5 years$14,266$13,584$12,938$12,324$11,742$10,898
6 years$11,769$11,093$10,456$9,856$9,291$8,481
7 years$9,986$9,316$8,689$8,103$7,556$6,780
8 years$8,650$7,985$7,369$6,797$6,269$5,527
9 years$7,611$6,953$6,347$5,790$5,279$4,571
10 years$6,780$6,128$5,533$4,991$4,498$3,823
11 years$6,101$5,456$4,871$4,344$3,868$3,226
12 years$5,535$4,897$4,323$3,810$3,352$2,742
13 years$5,057$4,425$3,862$3,364$2,923$2,344
14 years$4,647$4,022$3,470$2,986$2,563$2,014
15 years$4,293$3,675$3,133$2,663$2,256$1,737
16 years$3,983$3,371$2,841$2,384$1,994$1,503
17 years$3,710$3,105$2,585$2,142$1,768$1,304
18 years$3,467$2,869$2,360$1,931$1,572$1,135
19 years$3,250$2,659$2,160$1,744$1,401$989
20 years$3,055$2,471$1,983$1,580$1,252$864
21 years$2,879$2,302$1,824$1,434$1,120$756
22 years$2,719$2,148$1,681$1,304$1,004$662
23 years$2,574$2,009$1,552$1,187$901$581
24 years$2,440$1,883$1,435$1,083$810$510
25 years$2,318$1,767$1,329$989$729$448
26 years$2,205$1,660$1,233$904$657$394
27 years$2,100$1,563$1,145$828$592$346
28 years$2,004$1,473$1,064$758$534$305
29 years$1,914$1,389$990$695$482$269
30 years$1,830$1,312$923$638$436$237
31 years$1,752$1,240$860$586$394$209
32 years$1,679$1,173$802$539$356$184
33 years$1,610$1,111$749$495$323$162
34 years$1,546$1,053$700$456$292$143
35 years$1,485$999$654$420$265$126
36 years$1,428$948$612$386$240$112
37 years$1,374$901$573$356$217$99
38 years$1,323$856$537$328$197$87
39 years$1,275$814$503$303$179$77
40 years$1,229$774$471$279$162$68
41 years$1,186$737$442$258$147$60
42 years$1,145$702$415$238$133$53
43 years$1,105$669$389$219$121$47
44 years$1,068$638$365$203$110$41
45 years$1,033$608$343$187$100$37
46 years$999$580$322$173$91$32
47 years$966$553$302$160$82$29
48 years$936$528$284$148$75$25
49 years$906$505$267$136$68$22
50 years$878$482$251$126$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $899,000, adding $2,934 every year, while hoping to spend $40,563 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: 54/28/18 Blend
58$899,000$899,000$899,000$899,000
59$993,724$946,077$932,143$1,042,407
60$1,051,926$949,276$920,211$1,079,218
61$1,114,704$951,273$906,520$1,114,717
62$1,182,483$951,965$890,968$1,152,466
63$1,255,729$951,244$873,448$1,192,691
64$1,334,955$948,996$853,850$1,235,642
65$1,420,722$945,098$832,055$1,281,596
66$1,513,650$939,422$807,943$1,330,862
67$1,614,419$931,831$781,386$1,383,780
68$1,723,777$922,178$752,250$1,440,728
69$1,842,548$910,310$720,396$1,502,124
70$1,971,635$896,064$685,677$1,568,433
71$2,112,036$879,265$647,942$1,640,168
72$2,264,846$859,731$607,030$1,717,896
73$2,431,270$837,267$562,775$1,802,249
74$2,612,634$811,668$515,003$1,893,921
75$2,810,399$782,716$463,531$1,993,685
76$3,026,172$750,181$408,171$2,102,394
77$3,261,719$713,818$348,723$2,220,991
78$3,518,990$673,370$284,981$2,350,522
79$3,800,126$628,564$216,727$2,492,141
80$4,107,487$579,113$143,736$2,647,125
81$4,443,672$524,710$65,771$2,816,888
82$4,811,539$465,033$0$3,002,991
83$5,214,240$399,743$0$3,210,508
84$5,655,241$328,480$0$3,451,699
85$6,138,363$250,862$0$3,716,079
86$6,667,811$166,490$0$4,006,033
87$7,248,218$74,938$0$4,324,193
88$7,884,685$0$0$4,673,462
89$8,582,833$0$0$5,064,514
90$9,348,850$0$0$5,519,002
91$10,189,553$0$0$6,017,892
92$11,112,452$0$0$6,565,651
93$12,125,819$0$0$7,167,201
94$13,238,767$0$0$7,827,961
95$14,461,333$0$0$8,553,906
96$15,804,575$0$0$9,351,612
97$17,280,675$0$0$10,228,329
98$18,903,055$0$0$11,192,041
99$20,686,500$0$0$12,251,544
100$22,647,300$0$0$13,416,531