Can I retire at age 59 with 847,000?

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 $847,000?

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$69,944$69,321$68,714$68,120$67,541$66,587
2 years$34,626$33,981$33,356$32,750$32,162$31,203
3 years$22,855$22,207$21,584$20,983$20,405$19,470
4 years$16,970$16,325$15,707$15,117$14,553$13,650
5 years$13,440$12,799$12,190$11,612$11,063$10,194
6 years$11,088$10,451$9,851$9,286$8,754$7,920
7 years$9,408$8,777$8,186$7,634$7,119$6,321
8 years$8,149$7,523$6,943$6,404$5,906$5,144
9 years$7,170$6,550$5,980$5,455$4,974$4,247
10 years$6,388$5,774$5,213$4,702$4,238$3,545
11 years$5,748$5,140$4,590$4,092$3,645$2,986
12 years$5,215$4,613$4,073$3,590$3,158$2,533
13 years$4,765$4,169$3,639$3,169$2,754$2,161
14 years$4,379$3,790$3,270$2,813$2,414$1,853
15 years$4,045$3,462$2,952$2,509$2,126$1,595
16 years$3,753$3,176$2,677$2,246$1,879$1,377
17 years$3,495$2,925$2,436$2,018$1,666$1,193
18 years$3,267$2,703$2,223$1,819$1,481$1,035
19 years$3,062$2,505$2,035$1,644$1,320$901
20 years$2,879$2,328$1,868$1,489$1,179$785
21 years$2,713$2,168$1,718$1,351$1,055$685
22 years$2,562$2,024$1,584$1,228$946$599
23 years$2,425$1,893$1,462$1,119$849$524
24 years$2,299$1,774$1,352$1,020$763$459
25 years$2,184$1,665$1,252$932$687$402
26 years$2,077$1,564$1,162$852$619$353
27 years$1,979$1,472$1,079$780$558$310
28 years$1,888$1,387$1,003$715$503$272
29 years$1,803$1,309$933$655$454$239
30 years$1,724$1,236$869$601$411$210
31 years$1,650$1,168$810$552$371$185
32 years$1,581$1,106$756$508$336$162
33 years$1,517$1,047$706$467$304$143
34 years$1,456$992$660$429$275$126
35 years$1,399$941$617$395$249$111
36 years$1,345$893$577$364$226$98
37 years$1,294$848$540$335$205$86
38 years$1,246$806$506$309$186$76
39 years$1,201$767$474$285$168$67
40 years$1,158$730$444$263$153$59
41 years$1,117$694$416$243$138$52
42 years$1,078$661$391$224$126$46
43 years$1,041$630$366$207$114$40
44 years$1,006$601$344$191$103$35
45 years$973$573$323$176$94$31
46 years$941$546$303$163$85$28
47 years$911$521$285$150$77$24
48 years$881$498$268$139$70$21
49 years$854$475$252$128$64$19
50 years$827$454$237$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $847,000, adding $2,049 every year, while hoping to spend $26,139 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: 41/33/26 Blend
58$847,000$847,000$847,000$847,000
59$935,508$890,617$877,488$966,635
60$1,003,118$906,445$879,072$1,005,083
61$1,076,748$922,173$879,833$1,044,058
62$1,156,985$937,768$879,716$1,085,738
63$1,244,474$953,195$878,663$1,130,387
64$1,339,925$968,417$876,613$1,178,297
65$1,444,120$983,392$873,503$1,229,789
66$1,557,921$998,079$869,266$1,285,220
67$1,682,274$1,012,430$863,831$1,344,982
68$1,818,222$1,026,395$857,126$1,409,512
69$1,966,914$1,039,922$849,073$1,479,288
70$2,129,615$1,052,954$839,593$1,554,840
71$2,307,717$1,065,429$828,600$1,636,754
72$2,502,752$1,077,284$816,007$1,725,678
73$2,716,411$1,088,448$801,720$1,822,323
74$2,950,551$1,098,849$785,644$1,927,481
75$3,207,221$1,108,407$767,678$2,042,020
76$3,488,677$1,117,037$747,714$2,166,904
77$3,797,402$1,124,652$725,642$2,303,193
78$4,136,133$1,131,156$701,347$2,452,061
79$4,507,883$1,136,448$674,707$2,614,800
80$4,915,973$1,140,419$645,595$2,792,841
81$5,364,059$1,142,956$613,879$2,987,760
82$5,856,169$1,143,937$579,420$3,201,297
83$6,396,741$1,143,233$542,074$3,435,375
84$6,990,664$1,140,707$501,689$3,692,114
85$7,643,322$1,136,212$458,106$3,973,854
86$8,360,650$1,129,595$411,161$4,283,179
87$9,149,183$1,120,692$360,682$4,622,938
88$10,016,122$1,109,328$306,487$4,996,277
89$10,969,401$1,095,320$248,389$5,406,666
90$12,017,761$1,078,472$186,192$5,857,935
91$13,170,833$1,058,577$119,689$6,354,307
92$14,439,226$1,035,416$48,667$6,900,443
93$15,834,632$1,008,757$0$7,501,486
94$17,369,932$978,353$0$8,170,632
95$19,059,318$943,945$0$8,921,511
96$20,918,427$905,257$0$9,747,577
97$22,964,489$861,997$0$10,656,513
98$25,216,490$813,858$0$11,656,791
99$27,695,348$760,513$0$12,757,747
100$30,424,113$701,618$0$13,969,676