Can I retire at age 59 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$70,357$69,731$69,119$68,522$67,940$67,007
2 years$34,830$34,182$33,553$32,943$32,352$31,415
3 years$22,990$22,338$21,711$21,107$20,526$19,612
4 years$17,070$16,421$15,800$15,207$14,639$13,756
5 years$13,520$12,874$12,262$11,680$11,128$10,279
6 years$11,153$10,513$9,909$9,341$8,805$7,990
7 years$9,464$8,829$8,235$7,679$7,161$6,381
8 years$8,197$7,568$6,984$6,442$5,941$5,195
9 years$7,213$6,589$6,015$5,487$5,003$4,292
10 years$6,425$5,808$5,244$4,730$4,263$3,585
11 years$5,782$5,170$4,617$4,117$3,666$3,022
12 years$5,246$4,641$4,097$3,611$3,177$2,565
13 years$4,793$4,194$3,661$3,188$2,770$2,190
14 years$4,405$3,812$3,289$2,830$2,429$1,879
15 years$4,068$3,482$2,970$2,524$2,138$1,618
16 years$3,775$3,195$2,692$2,260$1,890$1,398
17 years$3,516$2,943$2,450$2,030$1,676$1,212
18 years$3,286$2,719$2,236$1,830$1,490$1,053
19 years$3,080$2,520$2,047$1,653$1,328$916
20 years$2,896$2,342$1,879$1,497$1,186$799
21 years$2,729$2,181$1,728$1,359$1,062$698
22 years$2,577$2,036$1,593$1,236$951$611
23 years$2,439$1,904$1,471$1,125$854$535
24 years$2,313$1,784$1,360$1,026$768$468
25 years$2,197$1,674$1,260$937$691$411
26 years$2,090$1,574$1,168$857$622$361
27 years$1,991$1,481$1,085$784$561$317
28 years$1,899$1,396$1,009$719$506$279
29 years$1,814$1,317$939$659$457$245
30 years$1,734$1,243$874$605$413$216
31 years$1,660$1,175$815$556$373$190
32 years$1,591$1,112$760$511$338$167
33 years$1,526$1,053$710$469$306$147
34 years$1,465$998$663$432$277$130
35 years$1,407$947$620$398$251$114
36 years$1,353$899$580$366$227$101
37 years$1,302$853$543$337$206$89
38 years$1,254$811$509$311$187$78
39 years$1,208$771$476$287$169$69
40 years$1,165$734$447$265$154$61
41 years$1,124$699$419$244$139$54
42 years$1,085$665$393$225$126$47
43 years$1,048$634$369$208$115$42
44 years$1,012$604$346$192$104$37
45 years$979$576$325$177$95$32
46 years$947$550$305$164$86$29
47 years$916$525$287$151$78$25
48 years$887$501$269$140$71$22
49 years$859$478$253$129$64$20
50 years$832$457$238$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $852,000, adding $5,962 every year, while hoping to spend $56,983 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: 57/16/27 Blend
58$852,000$852,000$852,000$852,000
59$945,054$899,898$886,692$991,630
60$980,820$883,363$855,767$1,007,702
61$1,018,324$864,109$821,895$1,018,720
62$1,057,684$841,941$784,920$1,029,553
63$1,099,026$816,655$744,673$1,040,199
64$1,142,490$788,033$700,982$1,050,662
65$1,188,224$755,848$653,666$1,060,946
66$1,236,393$719,854$602,534$1,071,062
67$1,287,175$679,797$547,389$1,081,021
68$1,340,764$635,404$488,023$1,090,844
69$1,397,372$586,388$424,221$1,100,555
70$1,457,228$532,446$355,757$1,110,184
71$1,520,586$473,256$282,396$1,119,771
72$1,587,720$408,480$203,890$1,129,364
73$1,658,930$337,759$119,983$1,139,018
74$1,734,546$260,714$30,408$1,148,803
75$1,814,926$176,945$0$1,158,799
76$1,900,464$86,031$0$1,187,880
77$1,991,590$0$0$1,227,947
78$2,088,776$0$0$1,272,642
79$2,192,536$0$0$1,336,577
80$2,303,437$0$0$1,404,958
81$2,422,099$0$0$1,478,174
82$2,549,201$0$0$1,556,650
83$2,685,490$0$0$1,640,853
84$2,831,782$0$0$1,731,296
85$2,988,975$0$0$1,828,540
86$3,158,056$0$0$1,933,204
87$3,340,105$0$0$2,045,966
88$3,536,311$0$0$2,167,570
89$3,747,978$0$0$2,298,835
90$3,976,541$0$0$2,440,658
91$4,223,575$0$0$2,594,030
92$4,490,812$0$0$2,760,034
93$4,780,154$0$0$2,939,865
94$5,093,694$0$0$3,134,836
95$5,433,733$0$0$3,346,390
96$5,802,802$0$0$3,576,114
97$6,203,682$0$0$3,825,754
98$6,639,436$0$0$4,097,231
99$7,113,430$0$0$4,392,658
100$7,629,370$0$0$4,714,360