Can I retire at age 59 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,266$70,631$70,012$69,407$68,817$66,694
2 years$35,280$34,623$33,986$33,369$32,770$30,650
3 years$23,286$22,627$21,991$21,380$20,791$18,740
4 years$17,291$16,633$16,004$15,403$14,828$12,862
5 years$13,694$13,040$12,420$11,831$11,272$9,396
6 years$11,297$10,648$10,037$9,461$8,919$7,135
7 years$9,586$8,943$8,341$7,779$7,254$5,561
8 years$8,303$7,665$7,074$6,525$6,018$4,416
9 years$7,306$6,674$6,093$5,558$5,068$3,555
10 years$6,508$5,883$5,312$4,791$4,318$2,892
11 years$5,856$5,237$4,676$4,170$3,714$2,372
12 years$5,314$4,701$4,150$3,657$3,218$1,957
13 years$4,855$4,248$3,708$3,229$2,806$1,624
14 years$4,461$3,861$3,331$2,866$2,460$1,353
15 years$4,121$3,527$3,008$2,556$2,166$1,131
16 years$3,823$3,236$2,727$2,289$1,914$948
17 years$3,561$2,981$2,482$2,056$1,697$797
18 years$3,328$2,754$2,265$1,853$1,509$670
19 years$3,120$2,553$2,074$1,675$1,345$565
20 years$2,933$2,372$1,903$1,517$1,202$477
21 years$2,764$2,209$1,751$1,376$1,075$403
22 years$2,611$2,062$1,613$1,252$964$341
23 years$2,471$1,929$1,490$1,140$865$289
24 years$2,343$1,807$1,378$1,040$778$245
25 years$2,225$1,696$1,276$949$700$208
26 years$2,117$1,594$1,184$868$630$176
27 years$2,016$1,500$1,099$795$568$149
28 years$1,923$1,414$1,022$728$513$127
29 years$1,837$1,334$951$668$463$108
30 years$1,757$1,259$886$613$418$91
31 years$1,682$1,191$826$563$378$78
32 years$1,611$1,126$770$517$342$66
33 years$1,546$1,067$719$476$310$56
34 years$1,484$1,011$672$438$280$48
35 years$1,425$959$628$403$254$40
36 years$1,371$910$588$371$230$34
37 years$1,319$864$550$342$209$29
38 years$1,270$822$515$315$189$25
39 years$1,224$781$483$290$171$21
40 years$1,180$743$452$268$155$18
41 years$1,138$708$424$247$141$15
42 years$1,099$674$398$228$128$13
43 years$1,061$642$373$211$116$11
44 years$1,025$612$350$194$105$9
45 years$991$584$329$180$96$8
46 years$959$557$309$166$87$7
47 years$928$531$290$153$79$6
48 years$898$507$273$142$72$5
49 years$870$484$256$131$65$4
50 years$843$463$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $863,000, adding $5,707 every year, while hoping to spend $23,503 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: 70/23/7 Blend
58$863,000$863,000$863,000$863,000
59$956,913$911,174$897,797$1,022,452
60$1,029,511$930,814$902,866$1,086,186
61$1,108,726$950,629$907,318$1,152,463
62$1,195,209$970,603$911,106$1,224,338
63$1,289,675$990,717$914,182$1,302,355
64$1,392,912$1,010,952$916,497$1,387,116
65$1,505,787$1,031,287$917,998$1,479,278
66$1,629,256$1,051,699$918,630$1,579,571
67$1,764,370$1,072,162$918,334$1,688,794
68$1,912,286$1,092,649$917,049$1,807,830
69$2,074,281$1,113,130$914,711$1,937,650
70$2,251,758$1,133,573$911,254$2,079,327
71$2,446,263$1,153,944$906,607$2,234,038
72$2,659,499$1,174,205$900,696$2,403,084
73$2,893,343$1,194,316$893,444$2,587,896
74$3,149,861$1,214,234$884,771$2,790,051
75$3,431,326$1,233,912$874,591$3,011,289
76$3,740,247$1,253,299$862,815$3,253,523
77$4,079,385$1,272,343$849,352$3,518,864
78$4,451,779$1,290,985$834,102$3,809,637
79$4,860,781$1,309,164$816,965$4,128,404
80$5,310,082$1,326,813$797,834$4,477,990
81$5,803,746$1,343,863$776,598$4,861,504
82$6,346,253$1,360,238$753,139$5,282,376
83$6,942,538$1,375,856$727,336$5,744,384
84$7,598,036$1,390,632$699,061$6,251,691
85$8,318,736$1,404,474$668,180$6,808,886
86$9,111,238$1,417,283$634,555$7,421,025
87$9,982,810$1,428,956$598,038$8,093,681
88$10,941,463$1,439,382$558,479$8,832,994
89$11,996,022$1,448,440$515,717$9,645,732
90$13,156,209$1,456,007$469,586$10,539,353
91$14,432,737$1,461,947$419,913$11,522,077
92$15,837,412$1,466,117$366,515$12,602,961
93$17,383,238$1,468,367$309,204$13,791,988
94$19,084,546$1,468,535$247,780$15,100,161
95$20,957,127$1,466,450$182,037$16,539,602
96$23,018,378$1,461,931$111,760$18,123,675
97$25,287,471$1,454,784$36,723$19,867,105
98$27,785,531$1,444,805$0$21,786,122
99$30,535,832$1,431,778$0$23,901,848
100$33,564,024$1,415,472$0$26,233,894