Can I retire at age 59 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$69,119$68,503$67,902$67,316$66,744$65,638
2 years$34,217$33,580$32,962$32,363$31,783$30,672
3 years$22,585$21,945$21,329$20,736$20,164$19,083
4 years$16,770$16,132$15,522$14,939$14,381$13,338
5 years$13,282$12,648$12,046$11,474$10,932$9,930
6 years$10,957$10,328$9,735$9,176$8,650$7,690
7 years$9,297$8,673$8,090$7,544$7,035$6,117
8 years$8,053$7,434$6,861$6,329$5,836$4,960
9 years$7,086$6,473$5,909$5,391$4,915$4,081
10 years$6,312$5,706$5,152$4,647$4,188$3,394
11 years$5,680$5,079$4,535$4,044$3,602$2,848
12 years$5,153$4,559$4,025$3,547$3,121$2,407
13 years$4,708$4,120$3,596$3,132$2,722$2,046
14 years$4,327$3,745$3,231$2,780$2,386$1,747
15 years$3,997$3,421$2,917$2,479$2,101$1,497
16 years$3,708$3,139$2,645$2,220$1,857$1,288
17 years$3,454$2,891$2,407$1,995$1,646$1,110
18 years$3,228$2,671$2,197$1,797$1,464$960
19 years$3,026$2,476$2,011$1,624$1,305$831
20 years$2,845$2,300$1,846$1,471$1,165$721
21 years$2,681$2,143$1,698$1,335$1,043$627
22 years$2,532$2,000$1,565$1,214$935$545
23 years$2,396$1,871$1,445$1,105$839$475
24 years$2,272$1,753$1,336$1,008$754$414
25 years$2,158$1,645$1,238$921$679$361
26 years$2,053$1,546$1,148$842$611$315
27 years$1,956$1,455$1,066$771$551$275
28 years$1,865$1,371$991$706$497$241
29 years$1,782$1,293$922$647$449$210
30 years$1,704$1,221$859$594$406$184
31 years$1,631$1,155$801$546$367$161
32 years$1,563$1,093$747$502$332$141
33 years$1,499$1,035$698$461$300$123
34 years$1,439$981$652$424$272$108
35 years$1,383$930$609$391$246$95
36 years$1,329$883$570$360$223$83
37 years$1,279$838$534$331$202$73
38 years$1,232$797$500$306$183$64
39 years$1,187$758$468$282$166$56
40 years$1,144$721$439$260$151$49
41 years$1,104$686$411$240$137$43
42 years$1,066$654$386$221$124$38
43 years$1,029$623$362$204$113$33
44 years$994$594$340$189$102$29
45 years$961$566$319$174$93$25
46 years$930$540$300$161$84$22
47 years$900$515$282$149$77$19
48 years$871$492$265$137$70$17
49 years$844$470$249$127$63$15
50 years$817$449$234$117$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $837,000, adding $5,740 every year, while hoping to spend $37,370 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: 53/21/26 Blend
58$837,000$837,000$837,000$837,000
59$928,295$883,934$870,960$970,505
60$983,219$887,485$860,376$1,003,860
61$1,042,494$889,958$848,185$1,035,840
62$1,106,523$891,260$834,293$1,069,885
63$1,175,749$891,294$818,604$1,106,206
64$1,250,663$889,954$801,014$1,145,039
65$1,331,799$887,131$781,417$1,186,644
66$1,419,749$882,706$759,701$1,231,309
67$1,515,162$876,557$735,748$1,279,354
68$1,618,750$868,550$709,438$1,331,136
69$1,731,299$858,545$680,640$1,387,046
70$1,853,672$846,395$649,222$1,447,522
71$1,986,819$831,941$615,044$1,513,044
72$2,131,786$815,017$577,959$1,584,149
73$2,289,722$795,447$537,815$1,661,428
74$2,461,893$773,043$494,451$1,745,535
75$2,649,692$747,608$447,701$1,837,197
76$2,854,652$718,932$397,391$1,937,216
77$3,078,461$686,794$343,338$2,046,480
78$3,322,977$650,960$285,352$2,165,971
79$3,590,244$611,180$223,234$2,296,777
80$3,882,514$567,194$156,778$2,440,098
81$4,202,267$518,723$85,767$2,597,264
82$4,552,233$465,475$9,975$2,769,744
83$4,935,417$407,140$0$2,959,163
84$5,355,130$343,390$0$3,186,987
85$5,815,018$273,880$0$3,439,761
86$6,319,094$198,244$0$3,716,977
87$6,871,780$116,097$0$4,021,135
88$7,477,947$27,032$0$4,354,986
89$8,142,959$0$0$4,721,569
90$8,872,722$0$0$5,140,268
91$9,673,746$0$0$5,606,793
92$10,553,199$0$0$6,119,083
93$11,518,976$0$0$6,681,750
94$12,579,778$0$0$7,299,872
95$13,745,186$0$0$7,979,045
96$15,025,757$0$0$8,725,433
97$16,433,121$0$0$9,545,827
98$17,980,090$0$0$10,447,708
99$19,680,781$0$0$11,439,321
100$21,550,743$0$0$12,529,745