Can I retire at age 59 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$72,174$71,531$70,904$70,292$69,694$67,926
2 years$35,730$35,064$34,419$33,794$33,188$31,418
3 years$23,583$22,915$22,272$21,652$21,056$19,340
4 years$17,511$16,845$16,208$15,599$15,017$13,368
5 years$13,869$13,207$12,578$11,982$11,416$9,838
6 years$11,441$10,784$10,165$9,582$9,033$7,528
7 years$9,708$9,057$8,447$7,878$7,346$5,915
8 years$8,409$7,763$7,164$6,608$6,094$4,735
9 years$7,399$6,759$6,170$5,629$5,132$3,844
10 years$6,591$5,958$5,379$4,852$4,373$3,155
11 years$5,931$5,304$4,736$4,223$3,761$2,611
12 years$5,381$4,761$4,203$3,704$3,259$2,175
13 years$4,916$4,302$3,755$3,270$2,842$1,821
14 years$4,518$3,911$3,374$2,903$2,491$1,532
15 years$4,174$3,572$3,046$2,589$2,194$1,293
16 years$3,872$3,278$2,762$2,318$1,939$1,095
17 years$3,607$3,019$2,513$2,083$1,719$930
18 years$3,371$2,789$2,294$1,877$1,528$791
19 years$3,160$2,585$2,100$1,696$1,362$674
20 years$2,970$2,402$1,927$1,536$1,217$575
21 years$2,799$2,238$1,773$1,394$1,089$491
22 years$2,644$2,089$1,634$1,268$976$420
23 years$2,502$1,953$1,509$1,154$876$360
24 years$2,372$1,830$1,395$1,053$788$308
25 years$2,253$1,718$1,292$962$709$264
26 years$2,144$1,614$1,199$879$638$226
27 years$2,042$1,519$1,113$805$576$194
28 years$1,948$1,432$1,035$737$519$167
29 years$1,861$1,351$963$676$469$143
30 years$1,779$1,275$897$620$424$123
31 years$1,703$1,206$836$570$383$106
32 years$1,632$1,141$780$524$346$91
33 years$1,565$1,080$728$482$314$78
34 years$1,503$1,024$681$443$284$67
35 years$1,444$971$636$408$257$58
36 years$1,388$922$595$376$233$50
37 years$1,336$876$557$346$211$43
38 years$1,286$832$522$319$191$37
39 years$1,239$791$489$294$174$32
40 years$1,195$753$458$271$157$27
41 years$1,153$717$430$250$143$23
42 years$1,113$682$403$231$130$20
43 years$1,075$650$378$213$118$17
44 years$1,038$620$355$197$107$15
45 years$1,004$591$333$182$97$13
46 years$971$564$313$168$88$11
47 years$940$538$294$155$80$9
48 years$910$514$276$143$73$8
49 years$881$490$260$133$66$7
50 years$853$469$244$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $874,000, adding $4,507 every year, while hoping to spend $30,047 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: 41/31/28 Blend
58$874,000$874,000$874,000$874,000
59$967,797$921,475$907,928$999,352
60$1,034,542$934,657$906,374$1,035,777
61$1,107,089$947,479$903,760$1,072,035
62$1,185,996$959,890$900,021$1,110,710
63$1,271,881$971,837$895,084$1,152,042
64$1,365,421$983,265$888,877$1,196,298
65$1,467,361$994,113$881,322$1,243,774
66$1,578,524$1,004,316$872,338$1,294,796
67$1,699,812$1,013,806$861,840$1,349,725
68$1,832,220$1,022,510$849,739$1,408,961
69$1,976,843$1,030,349$835,943$1,472,947
70$2,134,886$1,037,242$820,352$1,542,173
71$2,307,677$1,043,099$802,866$1,617,179
72$2,496,676$1,047,827$783,378$1,698,564
73$2,703,492$1,051,325$761,776$1,786,991
74$2,929,895$1,053,487$737,943$1,883,191
75$3,177,837$1,054,201$711,757$1,987,974
76$3,449,466$1,053,346$683,090$2,102,234
77$3,747,147$1,050,796$651,809$2,226,961
78$4,073,485$1,046,414$617,773$2,363,246
79$4,431,350$1,040,057$580,838$2,512,298
80$4,823,901$1,031,574$540,850$2,675,450
81$5,254,620$1,020,802$497,650$2,854,178
82$5,727,341$1,007,571$451,071$3,050,109
83$6,246,288$991,699$400,939$3,265,043
84$6,816,111$972,995$347,072$3,500,967
85$7,441,937$951,254$289,281$3,760,075
86$8,129,410$926,261$227,368$4,044,790
87$8,884,750$897,788$161,125$4,357,789
88$9,714,808$865,593$90,336$4,702,026
89$10,627,132$829,421$14,776$5,080,763
90$11,630,037$789,000$0$5,497,602
91$12,732,686$744,046$0$5,976,193
92$13,945,170$694,255$0$6,507,239
93$15,278,612$639,308$0$7,091,240
94$16,745,262$578,865$0$7,733,622
95$18,358,619$512,570$0$8,440,366
96$20,133,557$440,045$0$9,218,069
97$22,086,464$360,891$0$10,074,005
98$24,235,394$274,685$0$11,016,194
99$26,600,242$180,983$0$12,053,479
100$29,202,930$79,314$0$13,195,611