Can I retire at age 59 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$71,596$70,958$70,336$69,729$69,136$67,990
2 years$35,444$34,783$34,144$33,523$32,922$31,771
3 years$23,394$22,731$22,093$21,479$20,887$19,767
4 years$17,371$16,710$16,078$15,474$14,897$13,816
5 years$13,758$13,101$12,477$11,886$11,324$10,286
6 years$11,350$10,698$10,084$9,505$8,961$7,966
7 years$9,631$8,984$8,379$7,815$7,287$6,336
8 years$8,342$7,701$7,106$6,556$6,046$5,138
9 years$7,340$6,705$6,121$5,584$5,091$4,227
10 years$6,539$5,910$5,336$4,813$4,338$3,516
11 years$5,884$5,261$4,698$4,189$3,731$2,950
12 years$5,338$4,722$4,169$3,674$3,233$2,493
13 years$4,877$4,268$3,725$3,244$2,819$2,119
14 years$4,482$3,879$3,347$2,880$2,471$1,809
15 years$4,140$3,544$3,022$2,568$2,176$1,551
16 years$3,841$3,251$2,740$2,299$1,923$1,334
17 years$3,578$2,994$2,493$2,066$1,705$1,150
18 years$3,344$2,767$2,276$1,862$1,516$994
19 years$3,135$2,564$2,083$1,682$1,351$861
20 years$2,947$2,383$1,912$1,524$1,207$747
21 years$2,777$2,220$1,759$1,383$1,080$649
22 years$2,623$2,072$1,621$1,257$968$565
23 years$2,482$1,938$1,497$1,145$869$492
24 years$2,353$1,816$1,384$1,044$781$429
25 years$2,235$1,704$1,282$954$703$374
26 years$2,126$1,601$1,189$872$633$326
27 years$2,026$1,507$1,104$798$571$285
28 years$1,932$1,420$1,026$731$515$249
29 years$1,846$1,340$955$671$465$218
30 years$1,765$1,265$890$616$420$191
31 years$1,689$1,196$829$565$380$167
32 years$1,619$1,132$774$520$344$146
33 years$1,553$1,072$723$478$311$128
34 years$1,491$1,016$675$440$282$112
35 years$1,432$963$631$405$255$98
36 years$1,377$914$590$373$231$86
37 years$1,325$868$553$343$209$75
38 years$1,276$825$518$316$190$66
39 years$1,229$785$485$292$172$58
40 years$1,185$747$454$269$156$51
41 years$1,144$711$426$248$142$44
42 years$1,104$677$400$229$129$39
43 years$1,066$645$375$212$117$34
44 years$1,030$615$352$195$106$30
45 years$996$586$331$180$96$26
46 years$963$559$311$167$87$23
47 years$932$534$292$154$79$20
48 years$902$510$274$142$72$18
49 years$874$487$258$131$65$16
50 years$846$465$242$122$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $867,000, adding $3,169 every year, while hoping to spend $39,799 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: 62/17/21 Blend
58$867,000$867,000$867,000$867,000
59$958,703$912,752$899,313$1,012,721
60$1,014,145$915,131$887,094$1,051,959
61$1,073,908$916,293$873,132$1,090,073
62$1,138,391$916,135$857,327$1,130,780
63$1,208,032$914,551$839,572$1,174,337
64$1,283,312$911,425$819,759$1,221,029
65$1,364,761$906,636$797,772$1,271,171
66$1,452,960$900,055$773,491$1,325,111
67$1,548,549$891,544$746,790$1,383,235
68$1,652,230$880,959$717,537$1,445,968
69$1,764,777$868,146$685,594$1,513,781
70$1,887,041$852,942$650,818$1,587,196
71$2,019,957$835,173$613,058$1,666,789
72$2,164,554$814,658$572,157$1,753,195
73$2,321,965$791,203$527,950$1,847,119
74$2,493,435$764,601$480,266$1,949,339
75$2,680,336$734,637$428,926$2,060,713
76$2,884,177$701,081$373,741$2,182,191
77$3,106,618$663,690$314,517$2,314,822
78$3,349,489$622,207$251,049$2,459,767
79$3,614,802$576,359$183,124$2,618,304
80$3,904,771$525,861$110,519$2,791,848
81$4,221,838$470,408$33,001$2,981,963
82$4,568,686$409,679$0$3,190,372
83$4,948,275$343,336$0$3,430,123
84$5,363,859$271,019$0$3,700,794
85$5,819,025$192,351$0$3,997,364
86$6,317,721$106,932$0$4,322,460
87$6,864,297$14,340$0$4,678,976
88$7,463,541$0$0$5,070,107
89$8,120,730$0$0$5,515,436
90$8,841,674$0$0$6,006,974
91$9,632,771$0$0$6,546,412
92$10,501,072$0$0$7,138,565
93$11,454,340$0$0$7,788,736
94$12,501,130$0$0$8,502,769
95$13,650,864$0$0$9,287,101
96$14,913,921$0$0$10,148,821
97$16,301,736$0$0$11,095,741
98$17,826,906$0$0$12,136,467
99$19,503,308$0$0$13,280,479
100$21,346,233$0$0$14,538,222