Can I retire at age 59 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$72,339$71,695$71,066$70,453$69,853$68,725
2 years$35,812$35,145$34,498$33,871$33,264$32,129
3 years$23,637$22,967$22,323$21,702$21,104$19,999
4 years$17,551$16,883$16,245$15,635$15,051$13,986
5 years$13,901$13,237$12,607$12,009$11,442$10,418
6 years$11,468$10,809$10,188$9,604$9,054$8,072
7 years$9,730$9,077$8,466$7,896$7,363$6,424
8 years$8,428$7,781$7,180$6,624$6,108$5,213
9 years$7,416$6,775$6,184$5,642$5,144$4,291
10 years$6,606$5,972$5,392$4,863$4,383$3,571
11 years$5,945$5,316$4,747$4,233$3,770$2,999
12 years$5,394$4,771$4,213$3,713$3,267$2,536
13 years$4,928$4,312$3,764$3,278$2,849$2,156
14 years$4,529$3,919$3,382$2,909$2,497$1,842
15 years$4,183$3,581$3,053$2,595$2,199$1,580
16 years$3,881$3,285$2,768$2,323$1,943$1,360
17 years$3,615$3,025$2,519$2,087$1,723$1,174
18 years$3,378$2,796$2,299$1,881$1,532$1,015
19 years$3,167$2,591$2,105$1,700$1,365$880
20 years$2,977$2,408$1,932$1,540$1,220$764
21 years$2,806$2,243$1,777$1,397$1,091$664
22 years$2,650$2,093$1,638$1,270$978$578
23 years$2,508$1,958$1,512$1,157$878$504
24 years$2,378$1,834$1,399$1,055$789$440
25 years$2,258$1,722$1,295$964$710$384
26 years$2,148$1,618$1,201$881$640$335
27 years$2,047$1,523$1,116$807$577$293
28 years$1,952$1,435$1,037$739$520$256
29 years$1,865$1,354$965$678$470$224
30 years$1,783$1,278$899$622$425$196
31 years$1,707$1,208$838$571$384$172
32 years$1,636$1,143$782$525$347$151
33 years$1,569$1,083$730$483$314$132
34 years$1,506$1,026$682$444$285$116
35 years$1,447$973$638$409$258$101
36 years$1,391$924$597$377$234$89
37 years$1,339$878$558$347$212$78
38 years$1,289$834$523$320$192$68
39 years$1,242$793$490$295$174$60
40 years$1,198$754$459$272$158$53
41 years$1,155$718$431$251$143$46
42 years$1,115$684$404$232$130$41
43 years$1,077$652$379$214$118$36
44 years$1,041$621$356$197$107$31
45 years$1,006$592$334$182$97$27
46 years$973$565$314$168$88$24
47 years$942$539$295$156$80$21
48 years$912$515$277$144$73$19
49 years$883$492$260$133$66$16
50 years$855$470$245$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $876,000, adding $6,273 every year, while hoping to spend $52,220 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: 55/33/12 Blend
58$876,000$876,000$876,000$876,000
59$971,823$925,395$911,817$1,021,955
60$1,015,387$915,177$886,801$1,046,453
61$1,061,644$902,709$859,197$1,066,883
62$1,110,815$887,825$828,863$1,087,909
63$1,163,139$870,349$795,650$1,109,596
64$1,218,879$850,096$759,404$1,132,020
65$1,278,323$826,869$719,963$1,155,268
66$1,341,786$800,460$677,156$1,179,438
67$1,409,615$770,649$630,807$1,204,642
68$1,482,188$737,203$580,731$1,231,006
69$1,559,920$699,874$526,735$1,258,672
70$1,643,266$658,403$468,615$1,287,801
71$1,732,728$612,514$406,163$1,318,575
72$1,828,853$561,914$339,156$1,351,198
73$1,932,244$506,295$267,365$1,385,899
74$2,043,561$445,332$190,550$1,422,938
75$2,163,531$378,679$108,460$1,462,604
76$2,292,950$305,974$20,833$1,505,222
77$2,432,696$226,831$0$1,551,156
78$2,583,730$140,846$0$1,610,121
79$2,747,112$47,588$0$1,676,717
80$2,924,003$0$0$1,748,823
81$3,115,682$0$0$1,846,438
82$3,323,556$0$0$1,971,108
83$3,549,171$0$0$2,106,489
84$3,794,227$0$0$2,253,610
85$4,060,594$0$0$2,413,604
86$4,350,330$0$0$2,587,716
87$4,665,699$0$0$2,777,317
88$5,009,192$0$0$2,983,916
89$5,383,551$0$0$3,209,172
90$5,791,793$0$0$3,454,913
91$6,237,237$0$0$3,723,148
92$6,723,539$0$0$4,016,093
93$7,254,722$0$0$4,336,183
94$7,835,215$0$0$4,686,101
95$8,469,894$0$0$5,068,802
96$9,164,129$0$0$5,487,536
97$9,923,831$0$0$5,945,885
98$10,755,508$0$0$6,447,793
99$11,666,328$0$0$6,997,601
100$12,664,186$0$0$7,600,092