Can I retire at age 59 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$71,018$70,385$69,768$69,166$68,578$65,987
2 years$35,157$34,503$33,868$33,253$32,656$30,076
3 years$23,205$22,548$21,915$21,305$20,718$18,230
4 years$17,231$16,575$15,948$15,349$14,776$12,399
5 years$13,647$12,995$12,377$11,790$11,233$8,973
6 years$11,258$10,611$10,002$9,428$8,888$6,746
7 years$9,553$8,911$8,312$7,752$7,228$5,205
8 years$8,274$7,639$7,049$6,503$5,997$4,089
9 years$7,280$6,651$6,071$5,539$5,050$3,256
10 years$6,486$5,862$5,293$4,774$4,303$2,618
11 years$5,836$5,219$4,660$4,155$3,701$2,122
12 years$5,295$4,684$4,136$3,645$3,207$1,731
13 years$4,838$4,233$3,695$3,218$2,796$1,419
14 years$4,446$3,848$3,320$2,856$2,451$1,167
15 years$4,107$3,515$2,997$2,547$2,158$963
16 years$3,810$3,225$2,718$2,281$1,908$797
17 years$3,549$2,970$2,473$2,049$1,691$661
18 years$3,317$2,745$2,257$1,847$1,504$549
19 years$3,109$2,544$2,067$1,669$1,340$456
20 years$2,923$2,364$1,897$1,511$1,197$380
21 years$2,754$2,202$1,745$1,372$1,071$317
22 years$2,601$2,055$1,608$1,247$960$264
23 years$2,462$1,922$1,485$1,136$862$221
24 years$2,334$1,801$1,373$1,036$775$184
25 years$2,217$1,690$1,272$946$697$154
26 years$2,109$1,588$1,179$865$628$129
27 years$2,009$1,495$1,095$792$566$108
28 years$1,917$1,409$1,018$725$511$90
29 years$1,831$1,329$947$665$461$75
30 years$1,751$1,255$882$611$417$63
31 years$1,676$1,186$823$561$377$53
32 years$1,606$1,123$768$515$341$44
33 years$1,540$1,063$717$474$309$37
34 years$1,479$1,008$670$436$279$31
35 years$1,421$956$626$401$253$26
36 years$1,366$907$586$370$229$22
37 years$1,314$861$548$341$208$18
38 years$1,266$819$513$314$188$15
39 years$1,219$779$481$289$171$13
40 years$1,176$741$451$267$155$11
41 years$1,134$705$423$246$141$9
42 years$1,095$671$397$227$128$7
43 years$1,057$640$372$210$116$6
44 years$1,022$610$349$194$105$5
45 years$988$582$328$179$95$4
46 years$955$555$308$165$87$4
47 years$925$529$289$153$79$3
48 years$895$505$272$141$71$3
49 years$867$483$256$130$65$2
50 years$840$461$240$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $860,000, adding $5,306 every year, while hoping to spend $34,607 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: 47/26/27 Blend
58$860,000$860,000$860,000$860,000
59$953,193$907,613$894,283$990,403
60$1,013,597$915,265$887,420$1,024,809
61$1,079,003$922,131$879,167$1,058,336
62$1,149,883$928,138$869,441$1,094,056
63$1,226,759$933,204$858,156$1,132,192
64$1,310,204$937,246$845,219$1,172,992
65$1,400,846$940,174$830,536$1,216,732
66$1,499,380$941,890$814,006$1,263,717
67$1,606,568$942,293$795,526$1,314,284
68$1,723,247$941,274$774,985$1,368,808
69$1,850,341$938,719$752,270$1,427,703
70$1,988,865$934,506$727,261$1,491,429
71$2,139,937$928,505$699,832$1,560,495
72$2,304,787$920,578$669,852$1,635,464
73$2,484,769$910,580$637,186$1,716,959
74$2,681,373$898,356$601,690$1,805,670
75$2,896,240$883,743$563,213$1,902,361
76$3,131,177$866,566$521,601$2,007,876
77$3,388,172$846,643$476,690$2,123,151
78$3,669,416$823,779$428,309$2,249,219
79$3,977,319$797,767$376,280$2,387,223
80$4,314,538$768,389$320,418$2,538,427
81$4,683,996$735,416$260,527$2,704,229
82$5,088,914$698,602$196,405$2,886,174
83$5,532,839$657,689$127,841$3,085,970
84$6,019,678$612,405$54,613$3,305,503
85$6,553,732$562,460$0$3,546,859
86$7,139,741$507,549$0$3,819,124
87$7,782,926$447,350$0$4,135,292
88$8,489,036$381,522$0$4,482,500
89$9,264,404$309,703$0$4,863,928
90$10,116,010$231,515$0$5,283,086
91$11,051,538$146,554$0$5,743,846
92$12,079,456$54,397$0$6,250,476
93$13,209,093$0$0$6,807,685
94$14,450,725$0$0$7,433,657
95$15,815,674$0$0$8,139,014
96$17,316,414$0$0$8,914,651
97$18,966,686$0$0$9,767,686
98$20,781,632$0$0$10,705,957
99$22,777,934$0$0$11,738,105
100$24,973,971$0$0$12,873,646