Can I retire at age 59 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$70,440$69,813$69,200$68,603$68,019$67,591
2 years$34,871$34,222$33,592$32,982$32,390$31,958
3 years$23,017$22,364$21,737$21,132$20,550$20,127
4 years$17,090$16,440$15,819$15,224$14,656$14,246
5 years$13,536$12,889$12,276$11,694$11,141$10,746
6 years$11,167$10,525$9,921$9,352$8,816$8,435
7 years$9,475$8,839$8,244$7,688$7,170$6,803
8 years$8,207$7,577$6,992$6,450$5,948$5,596
9 years$7,221$6,597$6,022$5,494$5,009$4,672
10 years$6,433$5,815$5,250$4,736$4,268$3,946
11 years$5,789$5,177$4,622$4,121$3,671$3,363
12 years$5,252$4,646$4,102$3,615$3,181$2,887
13 years$4,798$4,199$3,665$3,192$2,774$2,494
14 years$4,410$3,817$3,293$2,833$2,431$2,165
15 years$4,073$3,487$2,973$2,527$2,141$1,887
16 years$3,779$3,199$2,696$2,262$1,892$1,651
17 years$3,520$2,946$2,453$2,033$1,678$1,449
18 years$3,290$2,722$2,239$1,832$1,492$1,275
19 years$3,084$2,523$2,050$1,655$1,330$1,125
20 years$2,899$2,344$1,881$1,499$1,188$994
21 years$2,732$2,184$1,730$1,361$1,063$880
22 years$2,580$2,038$1,595$1,237$953$780
23 years$2,442$1,907$1,472$1,127$855$692
24 years$2,315$1,786$1,362$1,028$769$615
25 years$2,199$1,676$1,261$938$692$547
26 years$2,092$1,575$1,170$858$623$487
27 years$1,993$1,483$1,086$785$562$434
28 years$1,901$1,397$1,010$720$507$387
29 years$1,816$1,318$940$660$458$346
30 years$1,736$1,245$875$606$414$308
31 years$1,662$1,177$816$556$374$276
32 years$1,593$1,113$761$511$338$246
33 years$1,528$1,054$711$470$306$220
34 years$1,466$999$664$432$277$197
35 years$1,409$948$621$398$251$176
36 years$1,355$900$581$367$227$158
37 years$1,304$854$544$338$206$141
38 years$1,255$812$509$311$187$126
39 years$1,210$772$477$287$169$113
40 years$1,166$735$447$265$154$101
41 years$1,125$699$419$244$139$91
42 years$1,086$666$393$225$127$81
43 years$1,049$635$369$208$115$73
44 years$1,013$605$346$192$104$65
45 years$980$577$325$177$95$58
46 years$948$550$306$164$86$52
47 years$917$525$287$151$78$47
48 years$888$501$270$140$71$42
49 years$860$479$254$129$64$38
50 years$833$457$238$120$58$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $853,000, adding $4,678 every year, while hoping to spend $34,948 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: 82/9/9 Blend
58$853,000$853,000$853,000$853,000
59$944,831$899,622$886,401$1,020,730
60$1,004,020$906,519$878,911$1,077,995
61$1,068,074$912,583$869,999$1,135,727
62$1,137,454$917,736$859,580$1,198,049
63$1,212,664$921,895$847,565$1,265,400
64$1,294,260$924,972$833,863$1,338,267
65$1,382,853$926,874$818,376$1,417,183
66$1,479,114$927,501$801,002$1,502,736
67$1,583,783$926,748$781,635$1,595,575
68$1,697,674$924,503$760,164$1,696,415
69$1,821,679$920,647$736,473$1,806,040
70$1,956,785$915,054$710,440$1,925,319
71$2,104,075$907,589$681,937$2,055,205
72$2,264,741$898,111$650,832$2,196,751
73$2,440,095$886,468$616,985$2,351,115
74$2,631,582$872,503$580,252$2,519,575
75$2,840,793$856,045$540,480$2,703,538
76$3,069,478$836,916$497,510$2,904,554
77$3,319,565$814,925$451,177$3,124,332
78$3,593,177$789,872$401,307$3,364,756
79$3,892,650$761,545$347,720$3,627,899
80$4,220,558$729,718$290,226$3,916,049
81$4,579,734$694,154$228,628$4,231,726
82$4,973,300$654,600$162,720$4,577,708
83$5,404,692$610,791$92,287$4,957,055
84$5,877,695$562,445$17,103$5,373,140
85$6,396,480$509,264$0$5,829,681
86$6,965,637$450,934$0$6,336,838
87$7,590,224$387,123$0$6,895,211
88$8,275,814$317,478$0$7,508,157
89$9,028,542$241,630$0$8,181,186
90$9,855,169$159,186$0$8,920,370
91$10,763,143$69,732$0$9,732,400
92$11,760,666$0$0$10,624,648
93$12,856,777$0$0$11,607,927
94$14,061,431$0$0$12,696,186
95$15,385,598$0$0$13,892,432
96$16,841,361$0$0$15,207,584
97$18,442,036$0$0$16,653,673
98$20,202,289$0$0$18,243,952
99$22,138,281$0$0$19,993,026
100$24,267,819$0$0$21,916,983