Can I retire at age 59 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$69,366$68,749$68,146$67,557$66,983$66,422
2 years$34,340$33,700$33,080$32,479$31,897$31,331
3 years$22,666$22,023$21,405$20,810$20,236$19,684
4 years$16,830$16,190$15,578$14,992$14,433$13,898
5 years$13,329$12,693$12,089$11,516$10,972$10,455
6 years$10,996$10,365$9,770$9,209$8,681$8,185
7 years$9,331$8,704$8,119$7,571$7,060$6,584
8 years$8,082$7,461$6,885$6,351$5,857$5,400
9 years$7,111$6,496$5,930$5,410$4,933$4,495
10 years$6,335$5,726$5,170$4,663$4,203$3,785
11 years$5,700$5,098$4,552$4,059$3,615$3,216
12 years$5,172$4,575$4,039$3,560$3,132$2,752
13 years$4,725$4,135$3,609$3,143$2,731$2,370
14 years$4,342$3,758$3,243$2,790$2,394$2,051
15 years$4,011$3,433$2,928$2,488$2,108$1,782
16 years$3,722$3,150$2,654$2,228$1,863$1,554
17 years$3,466$2,901$2,415$2,002$1,652$1,359
18 years$3,240$2,681$2,205$1,804$1,469$1,191
19 years$3,037$2,484$2,019$1,630$1,309$1,047
20 years$2,855$2,309$1,853$1,476$1,169$922
21 years$2,690$2,150$1,704$1,340$1,047$813
22 years$2,541$2,007$1,570$1,218$938$718
23 years$2,405$1,877$1,450$1,109$842$635
24 years$2,280$1,759$1,341$1,012$757$562
25 years$2,166$1,651$1,242$924$681$498
26 years$2,060$1,551$1,152$845$613$442
27 years$1,963$1,460$1,070$773$553$392
28 years$1,872$1,376$994$709$499$348
29 years$1,788$1,298$925$650$451$310
30 years$1,710$1,226$862$596$407$275
31 years$1,637$1,159$804$548$368$245
32 years$1,568$1,096$750$503$333$218
33 years$1,504$1,038$700$463$301$194
34 years$1,444$984$654$426$273$173
35 years$1,387$933$612$392$247$154
36 years$1,334$886$572$361$224$137
37 years$1,284$841$535$333$203$122
38 years$1,236$800$501$307$184$109
39 years$1,191$760$470$283$167$97
40 years$1,148$723$440$261$151$87
41 years$1,108$689$413$241$137$77
42 years$1,069$656$387$222$125$69
43 years$1,033$625$363$205$113$61
44 years$998$596$341$189$103$55
45 years$965$568$320$175$93$49
46 years$933$542$301$161$85$44
47 years$903$517$283$149$77$39
48 years$874$494$266$138$70$35
49 years$847$471$250$127$63$31
50 years$820$450$235$118$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $840,000, adding $5,079 every year, while hoping to spend $31,022 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: 64/20/16 Blend
58$840,000$840,000$840,000$840,000
59$930,919$886,399$873,379$986,526
60$992,866$896,825$869,630$1,034,859
61$1,060,091$906,723$864,716$1,083,620
62$1,133,101$916,033$858,564$1,136,134
63$1,212,452$924,693$851,101$1,192,770
64$1,298,755$932,636$842,246$1,253,932
65$1,392,684$939,792$831,917$1,320,067
66$1,494,980$946,083$820,028$1,391,666
67$1,606,458$951,431$806,489$1,469,273
68$1,728,014$955,749$791,204$1,553,486
69$1,860,637$958,946$774,075$1,644,968
70$2,005,413$960,926$754,998$1,744,447
71$2,163,538$961,584$733,863$1,852,727
72$2,336,329$960,812$710,558$1,970,695
73$2,525,237$958,494$684,964$2,099,331
74$2,731,857$954,506$656,956$2,239,713
75$2,957,948$948,718$626,405$2,393,033
76$3,205,444$940,991$593,175$2,560,604
77$3,476,477$931,177$557,124$2,743,875
78$3,773,394$919,121$518,104$2,944,445
79$4,098,779$904,657$475,960$3,164,075
80$4,455,479$887,610$430,529$3,404,710
81$4,846,630$867,794$381,643$3,668,495
82$5,275,683$845,014$329,126$3,957,795
83$5,746,443$819,059$272,792$4,275,217
84$6,263,099$789,712$212,449$4,623,639
85$6,830,264$756,737$147,895$5,006,234
86$7,453,024$719,890$78,922$5,426,499
87$8,136,975$678,908$5,309$5,888,293
88$8,888,288$633,515$0$6,395,871
89$9,713,757$583,421$0$6,966,430
90$10,620,868$528,317$0$7,594,419
91$11,617,868$467,876$0$8,284,679
92$12,713,843$401,754$0$9,043,545
93$13,918,802$329,587$0$9,878,000
94$15,243,773$250,990$0$10,795,740
95$16,700,907$165,558$0$11,805,251
96$18,303,591$72,861$0$12,915,882
97$20,066,572$0$0$14,137,941
98$22,006,102$0$0$15,488,852
99$24,140,085$0$0$16,992,912
100$26,488,250$0$0$18,647,998