Can I retire at age 59 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$71,101$70,467$69,849$69,246$68,657$66,195
2 years$35,198$34,543$33,907$33,291$32,694$30,240
3 years$23,232$22,574$21,940$21,330$20,742$18,374
4 years$17,251$16,594$15,967$15,367$14,794$12,528
5 years$13,663$13,010$12,391$11,803$11,246$9,090
6 years$11,271$10,624$10,014$9,439$8,898$6,853
7 years$9,564$8,922$8,322$7,761$7,237$5,302
8 years$8,284$7,648$7,057$6,510$6,004$4,178
9 years$7,289$6,659$6,078$5,545$5,056$3,337
10 years$6,493$5,869$5,299$4,780$4,308$2,692
11 years$5,843$5,225$4,665$4,160$3,705$2,189
12 years$5,301$4,690$4,140$3,649$3,211$1,792
13 years$4,843$4,238$3,699$3,221$2,800$1,473
14 years$4,451$3,852$3,324$2,860$2,454$1,216
15 years$4,111$3,519$3,001$2,550$2,161$1,007
16 years$3,815$3,229$2,721$2,284$1,910$837
17 years$3,553$2,974$2,476$2,052$1,693$696
18 years$3,321$2,748$2,260$1,849$1,506$580
19 years$3,113$2,547$2,069$1,671$1,342$485
20 years$2,926$2,366$1,899$1,513$1,199$405
21 years$2,758$2,204$1,747$1,373$1,073$339
22 years$2,605$2,058$1,610$1,249$962$284
23 years$2,465$1,924$1,486$1,137$863$238
24 years$2,337$1,803$1,375$1,037$776$199
25 years$2,220$1,692$1,273$947$698$167
26 years$2,112$1,590$1,181$866$629$140
27 years$2,012$1,497$1,096$793$567$118
28 years$1,919$1,410$1,019$726$512$99
29 years$1,833$1,330$949$666$462$83
30 years$1,753$1,256$884$611$417$70
31 years$1,678$1,188$824$561$377$59
32 years$1,608$1,124$769$516$341$49
33 years$1,542$1,064$718$474$309$41
34 years$1,480$1,009$670$437$280$35
35 years$1,422$957$627$402$253$29
36 years$1,367$908$586$370$230$25
37 years$1,316$862$549$341$208$21
38 years$1,267$820$514$314$189$17
39 years$1,221$779$482$290$171$15
40 years$1,177$742$451$267$155$12
41 years$1,136$706$423$247$141$10
42 years$1,096$672$397$228$128$9
43 years$1,059$641$373$210$116$7
44 years$1,023$611$350$194$105$6
45 years$989$582$328$179$96$5
46 years$957$555$308$165$87$4
47 years$926$530$290$153$79$4
48 years$896$506$272$141$72$3
49 years$868$483$256$131$65$3
50 years$841$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $861,000, adding $6,824 every year, while hoping to spend $35,676 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: 63/28/9 Blend
58$861,000$861,000$861,000$861,000
59$955,861$910,228$896,882$1,013,822
60$1,015,400$916,870$888,969$1,060,016
61$1,079,816$922,642$879,595$1,105,658
62$1,149,569$927,463$868,673$1,154,585
63$1,225,165$931,249$856,113$1,207,115
64$1,307,159$933,907$841,821$1,263,598
65$1,396,163$935,343$825,695$1,324,421
66$1,492,849$935,452$807,634$1,390,012
67$1,597,957$934,126$787,527$1,460,841
68$1,712,300$931,250$765,260$1,537,429
69$1,836,774$926,701$740,716$1,620,351
70$1,972,363$920,347$713,768$1,710,241
71$2,120,152$912,053$684,288$1,807,799
72$2,281,334$901,669$652,137$1,913,797
73$2,457,222$889,042$617,175$2,029,088
74$2,649,260$874,007$579,252$2,154,614
75$2,859,041$856,390$538,213$2,291,414
76$3,088,315$836,005$493,896$2,440,634
77$3,339,011$812,657$446,129$2,603,541
78$3,613,252$786,140$394,737$2,781,531
79$3,913,377$756,233$339,533$2,976,145
80$4,241,958$722,705$280,324$3,189,086
81$4,601,832$685,312$216,909$3,422,230
82$4,996,119$643,793$149,076$3,677,649
83$5,428,258$597,873$76,605$3,957,629
84$5,902,035$547,263$0$4,264,692
85$6,421,620$491,657$0$4,601,692
86$6,991,606$430,729$0$4,979,484
87$7,617,053$364,138$0$5,394,116
88$8,303,533$291,522$0$5,849,349
89$9,057,185$212,498$0$6,349,334
90$9,884,770$126,662$0$6,898,646
91$10,793,736$33,589$0$7,502,332
92$11,792,290$0$0$8,165,955
93$12,889,471$0$0$8,916,348
94$14,095,237$0$0$9,752,446
95$15,420,558$0$0$10,671,514
96$16,877,522$0$0$11,681,943
97$18,479,445$0$0$12,792,978
98$20,240,996$0$0$14,014,801
99$22,178,341$0$0$15,358,633
100$24,309,286$0$0$16,836,838