Can I retire at age 59 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$69,779$69,158$68,551$67,959$67,381$66,375
2 years$34,544$33,901$33,277$32,673$32,086$31,074
3 years$22,801$22,155$21,533$20,934$20,357$19,371
4 years$16,930$16,286$15,670$15,082$14,519$13,567
5 years$13,409$12,768$12,161$11,584$11,037$10,121
6 years$11,062$10,426$9,828$9,264$8,733$7,855
7 years$9,386$8,756$8,167$7,616$7,102$6,262
8 years$8,130$7,506$6,926$6,389$5,892$5,090
9 years$7,153$6,535$5,965$5,442$4,962$4,197
10 years$6,373$5,760$5,201$4,691$4,228$3,500
11 years$5,734$5,128$4,579$4,083$3,636$2,944
12 years$5,203$4,603$4,064$3,581$3,151$2,494
13 years$4,753$4,159$3,630$3,162$2,748$2,125
14 years$4,368$3,781$3,262$2,807$2,409$1,820
15 years$4,035$3,454$2,945$2,503$2,121$1,564
16 years$3,744$3,169$2,670$2,241$1,874$1,349
17 years$3,487$2,918$2,430$2,014$1,662$1,167
18 years$3,259$2,697$2,218$1,815$1,478$1,011
19 years$3,055$2,499$2,031$1,640$1,317$878
20 years$2,872$2,322$1,864$1,485$1,176$764
21 years$2,706$2,163$1,714$1,348$1,053$666
22 years$2,556$2,019$1,580$1,225$944$581
23 years$2,419$1,889$1,459$1,116$847$508
24 years$2,294$1,770$1,349$1,018$761$444
25 years$2,179$1,661$1,249$930$685$388
26 years$2,072$1,561$1,159$850$617$340
27 years$1,974$1,469$1,076$778$556$298
28 years$1,883$1,384$1,000$713$502$261
29 years$1,799$1,306$931$654$453$229
30 years$1,720$1,233$867$600$410$201
31 years$1,647$1,166$808$551$370$177
32 years$1,578$1,103$754$506$335$155
33 years$1,513$1,045$704$466$303$136
34 years$1,453$990$658$428$274$120
35 years$1,396$939$615$394$249$105
36 years$1,342$891$575$363$225$93
37 years$1,291$846$539$335$204$81
38 years$1,244$804$504$308$185$72
39 years$1,198$765$473$284$168$63
40 years$1,155$728$443$262$152$55
41 years$1,115$693$415$242$138$49
42 years$1,076$660$390$223$125$43
43 years$1,039$629$366$206$114$38
44 years$1,004$599$343$190$103$33
45 years$971$571$322$176$94$29
46 years$939$545$303$162$85$26
47 years$908$520$284$150$77$23
48 years$879$497$267$139$70$20
49 years$852$474$251$128$64$17
50 years$825$453$236$118$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $845,000, adding $2,837 every year, while hoping to spend $55,891 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: 27/43/30 Blend
58$845,000$845,000$845,000$845,000
59$934,116$889,331$876,234$950,592
60$969,929$873,441$846,120$948,404
61$1,007,521$854,899$813,124$941,104
62$1,047,015$833,516$777,091$932,151
63$1,088,544$809,092$737,857$921,444
64$1,132,253$781,415$695,253$908,876
65$1,178,301$750,262$649,102$894,340
66$1,226,857$715,395$599,217$877,721
67$1,278,110$676,563$545,404$858,903
68$1,332,263$633,500$487,461$837,763
69$1,389,540$585,927$425,176$814,175
70$1,450,182$533,547$358,329$788,010
71$1,514,455$476,045$286,687$759,134
72$1,582,649$413,091$210,011$727,409
73$1,655,081$344,334$128,049$692,694
74$1,732,098$269,405$40,537$654,843
75$1,814,079$187,913$0$613,707
76$1,901,439$99,445$0$586,056
77$1,994,632$3,565$0$569,763
78$2,094,158$0$0$551,778
79$2,200,562$0$0$579,451
80$2,314,443$0$0$610,963
81$2,436,456$0$0$644,820
82$2,567,321$0$0$681,234
83$2,707,828$0$0$720,437
84$2,858,845$0$0$762,685
85$3,021,322$0$0$808,259
86$3,196,304$0$0$857,466
87$3,384,939$0$0$910,645
88$3,588,487$0$0$968,168
89$3,808,332$0$0$1,030,446
90$4,045,997$0$0$1,097,926
91$4,303,155$0$0$1,171,104
92$4,581,643$0$0$1,250,524
93$4,883,483$0$0$1,336,783
94$5,210,898$0$0$1,430,540
95$5,566,332$0$0$1,532,519
96$5,952,474$0$0$1,643,516
97$6,372,281$0$0$1,764,406
98$6,829,008$0$0$1,896,155
99$7,326,233$0$0$2,039,824
100$7,867,896$0$0$2,196,579