Can I retire at age 59 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$71,348$70,713$70,093$69,488$68,897$66,505
2 years$35,321$34,663$34,026$33,407$32,808$30,423
3 years$23,313$22,653$22,017$21,404$20,815$18,512
4 years$17,311$16,652$16,023$15,421$14,845$12,642
5 years$13,710$13,055$12,434$11,845$11,285$9,187
6 years$11,311$10,661$10,049$9,472$8,930$6,938
7 years$9,597$8,953$8,350$7,788$7,262$5,377
8 years$8,313$7,674$7,082$6,533$6,025$4,244
9 years$7,314$6,682$6,100$5,565$5,074$3,396
10 years$6,516$5,890$5,318$4,797$4,323$2,745
11 years$5,863$5,243$4,682$4,175$3,718$2,237
12 years$5,320$4,706$4,155$3,662$3,222$1,834
13 years$4,860$4,253$3,712$3,233$2,810$1,511
14 years$4,467$3,866$3,335$2,870$2,463$1,250
15 years$4,126$3,531$3,011$2,559$2,168$1,038
16 years$3,828$3,240$2,730$2,291$1,916$864
17 years$3,565$2,984$2,484$2,059$1,699$720
18 years$3,332$2,757$2,268$1,855$1,511$602
19 years$3,124$2,555$2,076$1,677$1,347$504
20 years$2,936$2,375$1,905$1,518$1,203$422
21 years$2,767$2,212$1,753$1,378$1,076$354
22 years$2,614$2,065$1,615$1,253$965$297
23 years$2,474$1,931$1,491$1,141$866$250
24 years$2,345$1,809$1,379$1,041$779$210
25 years$2,228$1,698$1,278$951$701$176
26 years$2,119$1,596$1,185$869$631$148
27 years$2,019$1,502$1,100$795$569$125
28 years$1,926$1,415$1,023$729$513$105
29 years$1,839$1,335$952$668$464$89
30 years$1,759$1,261$887$613$419$75
31 years$1,684$1,192$827$563$379$63
32 years$1,613$1,128$771$518$343$53
33 years$1,547$1,068$720$476$310$45
34 years$1,485$1,012$673$438$281$38
35 years$1,427$960$629$403$254$32
36 years$1,372$911$588$371$230$27
37 years$1,320$865$551$342$209$22
38 years$1,271$823$516$315$189$19
39 years$1,225$782$483$291$172$16
40 years$1,181$744$453$268$156$13
41 years$1,140$708$425$247$141$11
42 years$1,100$675$398$228$128$10
43 years$1,062$643$374$211$116$8
44 years$1,027$613$351$195$106$7
45 years$992$584$329$180$96$6
46 years$960$557$309$166$87$5
47 years$929$532$291$153$79$4
48 years$899$508$273$142$72$3
49 years$871$485$257$131$65$3
50 years$844$463$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 $864,000, adding $2,807 every year, while hoping to spend $29,861 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: 50/23/27 Blend
58$864,000$864,000$864,000$864,000
59$955,023$909,231$895,839$995,361
60$1,020,664$922,012$894,078$1,036,593
61$1,091,999$934,418$891,257$1,078,176
62$1,169,578$946,399$887,309$1,122,785
63$1,254,005$957,903$882,164$1,170,720
64$1,345,945$968,872$875,748$1,222,314
65$1,446,130$979,245$867,985$1,277,933
66$1,555,366$988,958$858,792$1,337,983
67$1,674,537$997,942$848,086$1,402,913
68$1,804,621$1,006,122$835,778$1,473,217
69$1,946,691$1,013,420$821,775$1,549,442
70$2,101,929$1,019,753$805,980$1,632,193
71$2,271,636$1,025,032$788,291$1,722,137
72$2,457,246$1,029,161$768,602$1,820,010
73$2,660,336$1,032,041$746,801$1,926,627
74$2,882,643$1,033,564$722,771$2,042,888
75$3,126,081$1,033,617$696,392$2,169,784
76$3,392,755$1,032,078$667,536$2,308,412
77$3,684,987$1,028,821$636,069$2,459,982
78$4,005,331$1,023,708$601,852$2,625,831
79$4,356,600$1,016,596$564,740$2,807,433
80$4,741,895$1,007,331$524,581$3,006,418
81$5,164,629$995,751$481,215$3,224,582
82$5,628,563$981,684$434,477$3,463,910
83$6,137,837$964,947$384,193$3,726,592
84$6,697,016$945,348$330,182$4,015,045
85$7,311,123$922,683$272,255$4,331,936
86$7,985,697$896,733$210,215$4,680,208
87$8,726,835$867,270$143,854$5,063,109
88$9,541,257$834,051$72,958$5,484,223
89$10,436,366$796,820$0$5,947,503
90$11,420,315$755,304$0$6,458,091
91$12,502,089$709,216$0$7,042,502
92$13,691,587$658,253$0$7,685,075
93$14,999,714$602,092$0$8,391,742
94$16,438,484$540,394$0$9,169,040
95$18,021,136$472,800$0$10,024,177
96$19,762,256$398,931$0$10,965,095
97$21,677,912$318,385$0$12,000,554
98$23,785,813$230,740$0$13,140,206
99$26,105,468$135,548$0$14,394,694
100$28,658,373$32,336$0$15,775,745