Can I retire at age 59 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,275$69,649$69,038$68,442$67,860$66,626
2 years$34,789$34,142$33,514$32,905$32,314$31,076
3 years$22,963$22,312$21,686$21,082$20,501$19,297
4 years$17,050$16,402$15,782$15,189$14,622$13,460
5 years$13,504$12,859$12,247$11,666$11,115$10,000
6 years$11,140$10,500$9,897$9,330$8,795$7,727
7 years$9,453$8,818$8,225$7,670$7,153$6,133
8 years$8,188$7,559$6,975$6,435$5,934$4,962
9 years$7,204$6,581$6,008$5,481$4,997$4,072
10 years$6,418$5,801$5,238$4,725$4,258$3,379
11 years$5,775$5,164$4,611$4,112$3,662$2,828
12 years$5,240$4,635$4,092$3,607$3,173$2,384
13 years$4,787$4,189$3,656$3,184$2,767$2,021
14 years$4,399$3,808$3,285$2,826$2,426$1,721
15 years$4,064$3,478$2,966$2,521$2,136$1,471
16 years$3,770$3,191$2,689$2,257$1,888$1,261
17 years$3,512$2,939$2,447$2,028$1,674$1,085
18 years$3,282$2,716$2,234$1,828$1,488$935
19 years$3,077$2,517$2,045$1,651$1,326$807
20 years$2,892$2,339$1,877$1,496$1,185$698
21 years$2,726$2,179$1,726$1,357$1,060$605
22 years$2,574$2,034$1,591$1,234$950$525
23 years$2,436$1,902$1,469$1,124$853$455
24 years$2,310$1,782$1,359$1,025$767$396
25 years$2,194$1,672$1,258$936$690$344
26 years$2,087$1,572$1,167$856$622$299
27 years$1,988$1,479$1,084$784$560$261
28 years$1,897$1,394$1,007$718$506$227
29 years$1,812$1,315$938$658$457$198
30 years$1,732$1,242$873$604$413$173
31 years$1,658$1,174$814$555$373$151
32 years$1,589$1,111$760$510$337$131
33 years$1,524$1,052$709$469$305$115
34 years$1,463$997$663$431$276$100
35 years$1,406$946$620$397$250$87
36 years$1,352$898$580$366$227$76
37 years$1,301$852$542$337$206$67
38 years$1,252$810$508$311$186$58
39 years$1,207$770$476$286$169$51
40 years$1,163$733$446$264$153$44
41 years$1,122$698$418$244$139$39
42 years$1,083$664$392$225$126$34
43 years$1,046$633$368$208$115$30
44 years$1,011$603$346$192$104$26
45 years$977$575$325$177$94$23
46 years$945$549$305$164$86$20
47 years$915$524$286$151$78$17
48 years$886$500$269$140$71$15
49 years$858$478$253$129$64$13
50 years$831$456$238$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $851,000, adding $3,920 every year, while hoping to spend $33,033 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: 50/25/25 Blend
58$851,000$851,000$851,000$851,000
59$941,845$896,742$883,552$982,126
60$1,002,767$905,536$878,004$1,019,373
61$1,068,795$913,653$871,163$1,056,195
62$1,140,416$921,026$862,951$1,095,552
63$1,218,165$927,583$853,286$1,137,698
64$1,302,628$933,245$842,082$1,182,915
65$1,394,454$937,932$829,250$1,231,514
66$1,494,353$941,555$814,694$1,283,840
67$1,603,109$944,023$798,318$1,340,276
68$1,721,581$945,235$780,017$1,401,242
69$1,850,719$945,089$759,684$1,467,207
70$1,991,566$943,471$737,207$1,538,687
71$2,145,269$940,265$712,467$1,616,252
72$2,313,093$935,344$685,341$1,700,535
73$2,496,428$928,576$655,699$1,792,235
74$2,696,807$919,819$623,408$1,892,122
75$2,915,915$908,924$588,326$2,001,052
76$3,155,609$895,732$550,306$2,119,967
77$3,417,934$880,076$509,194$2,249,910
78$3,705,140$861,776$464,829$2,392,032
79$4,019,706$840,645$417,043$2,547,609
80$4,364,362$816,483$365,660$2,718,045
81$4,742,115$789,078$310,497$2,904,894
82$5,156,274$758,207$251,363$3,109,873
83$5,610,488$723,633$188,057$3,334,878
84$6,108,772$685,105$120,371$3,582,002
85$6,655,551$642,359$48,087$3,853,558
86$7,255,696$595,114$0$4,152,097
87$7,914,578$543,075$0$4,488,189
88$8,638,107$485,927$0$4,871,390
89$9,432,797$423,342$0$5,292,358
90$10,305,825$354,968$0$5,754,957
91$11,265,095$280,437$0$6,263,445
92$12,319,314$199,358$0$6,822,516
93$13,478,077$111,319$0$7,437,348
94$14,751,952$15,885$0$8,113,651
95$16,152,585$0$0$8,857,719
96$17,692,804$0$0$9,700,538
97$19,386,745$0$0$10,632,381
98$21,249,979$0$0$11,657,457
99$23,299,666$0$0$12,785,219
100$25,554,710$0$0$14,026,082