Can I retire at age 59 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$71,926$71,286$70,661$70,051$69,455$68,615
2 years$35,607$34,944$34,301$33,678$33,074$32,229
3 years$23,502$22,836$22,195$21,578$20,983$20,159
4 years$17,451$16,787$16,152$15,546$14,965$14,169
5 years$13,821$13,161$12,535$11,941$11,377$10,609
6 years$11,402$10,747$10,130$9,549$9,002$8,265
7 years$9,675$9,025$8,418$7,851$7,321$6,615
8 years$8,380$7,736$7,139$6,586$6,073$5,398
9 years$7,374$6,736$6,149$5,610$5,115$4,470
10 years$6,569$5,937$5,361$4,836$4,358$3,743
11 years$5,911$5,286$4,720$4,208$3,748$3,163
12 years$5,363$4,744$4,189$3,691$3,248$2,691
13 years$4,900$4,287$3,742$3,259$2,832$2,304
14 years$4,503$3,897$3,362$2,893$2,483$1,982
15 years$4,159$3,560$3,036$2,580$2,186$1,711
16 years$3,859$3,266$2,752$2,310$1,932$1,483
17 years$3,594$3,008$2,505$2,076$1,713$1,289
18 years$3,359$2,780$2,286$1,870$1,523$1,123
19 years$3,149$2,576$2,093$1,690$1,358$981
20 years$2,960$2,394$1,921$1,531$1,213$858
21 years$2,790$2,230$1,767$1,389$1,085$751
22 years$2,635$2,081$1,628$1,263$973$659
23 years$2,494$1,947$1,504$1,150$873$579
24 years$2,364$1,824$1,391$1,049$785$509
25 years$2,246$1,712$1,288$958$706$448
26 years$2,136$1,609$1,194$876$636$394
27 years$2,035$1,514$1,109$802$574$348
28 years$1,941$1,427$1,031$735$518$306
29 years$1,854$1,346$960$674$467$270
30 years$1,773$1,271$894$618$422$239
31 years$1,697$1,202$833$568$382$211
32 years$1,626$1,137$777$522$345$186
33 years$1,560$1,077$726$480$313$164
34 years$1,497$1,020$678$442$283$145
35 years$1,439$968$634$407$256$129
36 years$1,383$919$593$374$232$114
37 years$1,331$873$555$345$210$101
38 years$1,282$829$520$318$191$89
39 years$1,235$788$487$293$173$79
40 years$1,191$750$457$270$157$70
41 years$1,149$714$428$249$142$62
42 years$1,109$680$402$230$129$55
43 years$1,071$648$377$213$117$48
44 years$1,035$618$354$196$106$43
45 years$1,000$589$332$181$97$38
46 years$968$562$312$167$88$33
47 years$936$536$293$155$80$30
48 years$906$512$275$143$72$26
49 years$878$489$259$132$66$23
50 years$850$467$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $871,000, adding $6,554 every year, while hoping to spend $55,650 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: 36/42/22 Blend
58$871,000$871,000$871,000$871,000
59$966,602$920,439$906,939$994,771
60$1,005,985$906,330$878,110$1,001,890
61$1,047,519$889,664$846,451$1,003,947
62$1,091,366$870,257$811,806$1,005,039
63$1,137,700$847,915$774,017$1,005,114
64$1,186,714$822,431$732,915$1,004,118
65$1,238,615$793,587$688,324$1,001,998
66$1,293,633$761,151$640,062$998,701
67$1,352,015$724,880$587,936$994,176
68$1,414,036$684,514$531,747$988,370
69$1,479,992$639,779$471,285$981,234
70$1,550,210$590,387$406,331$972,721
71$1,625,046$536,031$336,659$962,785
72$1,704,893$476,389$262,029$951,386
73$1,790,178$411,117$182,192$938,485
74$1,881,370$339,856$96,890$924,052
75$1,978,985$262,225$5,851$908,062
76$2,083,587$177,819$0$890,495
77$2,195,794$86,213$0$892,778
78$2,316,287$0$0$896,336
79$2,445,810$0$0$905,909
80$2,585,182$0$0$959,172
81$2,735,302$0$0$1,016,636
82$2,897,157$0$0$1,078,689
83$3,071,832$0$0$1,145,759
84$3,260,516$0$0$1,218,318
85$3,464,520$0$0$1,296,882
86$3,685,283$0$0$1,382,020
87$3,924,386$0$0$1,474,356
88$4,183,569$0$0$1,574,580
89$4,464,743$0$0$1,683,446
90$4,770,012$0$0$1,801,786
91$5,101,690$0$0$1,930,516
92$5,462,320$0$0$2,070,642
93$5,854,703$0$0$2,223,273
94$6,281,918$0$0$2,389,627
95$6,747,356$0$0$2,571,045
96$7,254,746$0$0$2,769,005
97$7,808,192$0$0$2,985,132
98$8,412,215$0$0$3,221,215
99$9,071,787$0$0$3,479,224
100$9,792,383$0$0$3,761,327