Can I retire at age 59 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$69,614$68,994$68,389$67,799$67,222$66,272
2 years$34,462$33,821$33,199$32,595$32,010$31,055
3 years$22,747$22,102$21,482$20,884$20,309$19,378
4 years$16,890$16,247$15,633$15,046$14,484$13,585
5 years$13,377$12,738$12,132$11,557$11,011$10,146
6 years$11,036$10,402$9,804$9,242$8,712$7,883
7 years$9,364$8,735$8,148$7,598$7,086$6,291
8 years$8,111$7,488$6,910$6,374$5,878$5,119
9 years$7,137$6,519$5,951$5,429$4,950$4,227
10 years$6,358$5,747$5,189$4,680$4,218$3,529
11 years$5,721$5,116$4,568$4,073$3,628$2,972
12 years$5,190$4,592$4,054$3,573$3,144$2,521
13 years$4,742$4,150$3,622$3,154$2,741$2,151
14 years$4,358$3,772$3,254$2,800$2,403$1,844
15 years$4,025$3,446$2,938$2,497$2,116$1,587
16 years$3,735$3,161$2,664$2,236$1,870$1,371
17 years$3,479$2,911$2,424$2,009$1,658$1,187
18 years$3,251$2,690$2,213$1,810$1,474$1,031
19 years$3,048$2,493$2,026$1,636$1,314$897
20 years$2,865$2,317$1,859$1,482$1,174$781
21 years$2,700$2,158$1,710$1,345$1,050$682
22 years$2,550$2,015$1,576$1,223$941$596
23 years$2,413$1,884$1,455$1,113$845$521
24 years$2,288$1,765$1,346$1,015$760$457
25 years$2,173$1,657$1,247$927$684$400
26 years$2,067$1,557$1,156$848$616$351
27 years$1,970$1,465$1,074$776$555$308
28 years$1,879$1,381$998$711$501$271
29 years$1,795$1,303$929$652$452$238
30 years$1,716$1,230$865$598$409$209
31 years$1,643$1,163$806$550$369$184
32 years$1,574$1,100$752$505$334$162
33 years$1,510$1,042$703$465$302$142
34 years$1,449$988$656$427$274$125
35 years$1,392$937$614$393$248$110
36 years$1,339$889$574$362$225$97
37 years$1,288$844$537$334$204$85
38 years$1,241$803$503$308$185$75
39 years$1,195$763$471$284$167$66
40 years$1,153$726$442$262$152$58
41 years$1,112$691$414$241$138$52
42 years$1,073$658$389$223$125$45
43 years$1,037$627$365$206$113$40
44 years$1,002$598$342$190$103$35
45 years$968$570$321$175$94$31
46 years$937$544$302$162$85$27
47 years$906$519$284$150$77$24
48 years$877$495$267$138$70$21
49 years$850$473$251$128$64$19
50 years$823$452$236$118$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $843,000, adding $6,138 every year, while hoping to spend $59,352 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: 38/32/30 Blend
58$843,000$843,000$843,000$843,000
59$935,317$890,638$877,572$962,326
60$967,570$871,130$843,820$963,299
61$1,001,122$848,676$806,949$958,509
62$1,036,046$823,070$766,791$952,219
63$1,072,415$794,092$723,171$944,334
64$1,110,310$761,512$675,906$934,753
65$1,149,819$725,083$624,806$923,371
66$1,191,035$684,546$569,671$910,078
67$1,234,058$639,627$510,293$894,761
68$1,278,999$590,036$446,455$877,299
69$1,325,974$535,465$377,928$857,570
70$1,375,111$475,590$304,476$835,444
71$1,426,547$410,069$225,851$810,786
72$1,480,432$338,539$141,794$783,459
73$1,536,927$260,618$52,035$753,316
74$1,596,207$175,903$0$720,210
75$1,658,463$83,965$0$697,991
76$1,723,902$0$0$691,179
77$1,792,748$0$0$688,543
78$1,865,247$0$0$716,944
79$1,941,663$0$0$746,923
80$2,022,288$0$0$778,602
81$2,107,438$0$0$812,109
82$2,197,458$0$0$847,588
83$2,292,725$0$0$885,195
84$2,393,649$0$0$925,098
85$2,500,680$0$0$967,484
86$2,614,309$0$0$1,012,557
87$2,735,073$0$0$1,060,538
88$2,863,558$0$0$1,111,672
89$3,000,409$0$0$1,166,224
90$3,146,329$0$0$1,224,487
91$3,302,089$0$0$1,286,782
92$3,468,533$0$0$1,353,458
93$3,646,589$0$0$1,424,901
94$3,837,270$0$0$1,501,533
95$4,041,691$0$0$1,583,818
96$4,261,073$0$0$1,672,263
97$4,496,756$0$0$1,767,426
98$4,750,212$0$0$1,869,921
99$5,023,057$0$0$1,980,420
100$5,317,064$0$0$2,099,663