Can I retire at age 59 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$70,027$69,403$68,795$68,201$67,621$66,364
2 years$34,667$34,021$33,395$32,789$32,200$30,939
3 years$22,882$22,233$21,609$21,008$20,429$19,202
4 years$16,990$16,344$15,726$15,135$14,570$13,388
5 years$13,456$12,814$12,204$11,625$11,076$9,941
6 years$11,101$10,463$9,863$9,297$8,764$7,678
7 years$9,419$8,787$8,196$7,643$7,128$6,090
8 years$8,159$7,532$6,951$6,412$5,913$4,924
9 years$7,179$6,558$5,987$5,461$4,980$4,039
10 years$6,395$5,781$5,219$4,708$4,243$3,349
11 years$5,755$5,146$4,595$4,097$3,649$2,802
12 years$5,221$4,619$4,078$3,594$3,162$2,360
13 years$4,770$4,174$3,643$3,173$2,757$1,999
14 years$4,384$3,794$3,274$2,816$2,417$1,701
15 years$4,049$3,466$2,956$2,512$2,128$1,453
16 years$3,757$3,180$2,680$2,249$1,881$1,245
17 years$3,499$2,929$2,438$2,021$1,668$1,070
18 years$3,270$2,706$2,226$1,821$1,483$922
19 years$3,066$2,508$2,038$1,646$1,322$795
20 years$2,882$2,331$1,870$1,490$1,181$687
21 years$2,716$2,171$1,720$1,353$1,057$595
22 years$2,565$2,026$1,585$1,230$947$516
23 years$2,428$1,895$1,464$1,120$850$447
24 years$2,302$1,776$1,354$1,022$764$388
25 years$2,186$1,667$1,254$933$688$337
26 years$2,080$1,566$1,163$853$619$293
27 years$1,981$1,474$1,080$781$558$255
28 years$1,890$1,389$1,004$715$504$222
29 years$1,805$1,310$934$656$455$193
30 years$1,726$1,237$870$602$411$169
31 years$1,652$1,170$811$553$372$147
32 years$1,583$1,107$757$508$336$128
33 years$1,519$1,048$707$467$304$112
34 years$1,458$993$660$430$275$97
35 years$1,401$942$617$396$250$85
36 years$1,347$894$578$365$226$74
37 years$1,296$849$541$336$205$65
38 years$1,248$807$506$310$186$56
39 years$1,202$768$474$285$168$49
40 years$1,159$730$445$263$153$43
41 years$1,118$695$417$243$139$37
42 years$1,080$662$391$224$126$33
43 years$1,043$631$367$207$114$29
44 years$1,008$601$344$191$104$25
45 years$974$573$323$176$94$22
46 years$942$547$304$163$85$19
47 years$912$522$285$151$78$17
48 years$882$498$268$139$70$14
49 years$855$476$252$129$64$13
50 years$828$455$237$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $848,000, adding $5,593 every year, while hoping to spend $20,959 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: 85/5/10 Blend
58$848,000$848,000$848,000$848,000
59$940,265$895,321$882,177$1,018,345
60$1,013,872$916,892$889,430$1,091,770
61$1,094,284$938,817$896,223$1,169,009
62$1,182,174$961,091$902,519$1,253,222
63$1,278,281$983,710$908,279$1,345,096
64$1,383,420$1,006,667$913,461$1,445,391
65$1,498,488$1,029,952$918,021$1,554,941
66$1,624,473$1,053,559$921,913$1,674,667
67$1,762,462$1,077,476$925,090$1,805,583
68$1,913,653$1,101,692$927,501$1,948,803
69$2,079,365$1,126,195$929,092$2,105,559
70$2,261,051$1,150,969$929,807$2,277,204
71$2,460,312$1,176,000$929,589$2,465,230
72$2,678,909$1,201,269$928,375$2,671,281
73$2,918,783$1,226,757$926,102$2,897,168
74$3,182,074$1,252,443$922,701$3,144,885
75$3,471,136$1,278,303$918,102$3,416,630
76$3,788,563$1,304,312$912,230$3,714,826
77$4,137,215$1,330,441$905,008$4,042,138
78$4,520,238$1,356,660$896,353$4,401,507
79$4,941,103$1,382,937$886,181$4,796,171
80$5,403,629$1,409,234$874,402$5,229,699
81$5,912,027$1,435,515$860,922$5,706,021
82$6,470,934$1,461,735$845,643$6,229,470
83$7,085,460$1,487,851$828,463$6,804,819
84$7,761,234$1,513,813$809,273$7,437,328
85$8,504,458$1,539,568$787,962$8,132,791
86$9,321,966$1,565,060$764,412$8,897,595
87$10,221,286$1,590,227$738,500$9,738,776
88$11,210,714$1,615,005$710,096$10,664,087
89$12,299,390$1,639,323$679,067$11,682,073
90$13,497,384$1,663,106$645,272$12,802,148
91$14,815,792$1,686,273$608,564$14,034,687
92$16,266,840$1,708,738$568,788$15,391,122
93$17,864,001$1,730,409$525,785$16,884,050
94$19,622,116$1,751,187$479,387$18,527,352
95$21,557,544$1,770,966$429,418$20,336,326
96$23,688,305$1,789,635$375,695$22,327,829
97$26,034,258$1,807,073$318,027$24,520,437
98$28,617,285$1,823,153$256,214$26,934,618
99$31,461,499$1,837,738$190,047$29,592,931
100$34,593,467$1,850,683$119,309$32,520,232