Can I retire at age 59 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,422$71,777$71,147$70,533$69,933$69,551
2 years$35,852$35,185$34,538$33,910$33,302$32,916
3 years$23,664$22,994$22,348$21,727$21,128$20,750
4 years$17,571$16,903$16,264$15,653$15,069$14,703
5 years$13,916$13,252$12,621$12,023$11,455$11,101
6 years$11,481$10,821$10,200$9,615$9,064$8,723
7 years$9,742$9,088$8,476$7,905$7,371$7,044
8 years$8,438$7,790$7,188$6,631$6,115$5,801
9 years$7,424$6,782$6,191$5,648$5,150$4,849
10 years$6,614$5,978$5,398$4,869$4,388$4,100
11 years$5,951$5,322$4,752$4,237$3,774$3,498
12 years$5,400$4,777$4,217$3,717$3,270$3,007
13 years$4,933$4,317$3,768$3,281$2,852$2,601
14 years$4,534$3,924$3,386$2,913$2,500$2,261
15 years$4,188$3,585$3,057$2,598$2,201$1,974
16 years$3,885$3,289$2,771$2,326$1,945$1,729
17 years$3,619$3,029$2,522$2,090$1,725$1,520
18 years$3,382$2,799$2,302$1,883$1,534$1,339
19 years$3,171$2,594$2,107$1,702$1,367$1,183
20 years$2,981$2,410$1,934$1,541$1,221$1,047
21 years$2,809$2,245$1,779$1,399$1,093$928
22 years$2,653$2,096$1,640$1,272$979$824
23 years$2,511$1,960$1,514$1,158$879$732
24 years$2,381$1,837$1,400$1,056$790$652
25 years$2,261$1,724$1,297$965$711$581
26 years$2,151$1,620$1,203$882$641$518
27 years$2,049$1,524$1,117$807$577$462
28 years$1,955$1,436$1,038$740$521$413
29 years$1,867$1,355$966$678$471$369
30 years$1,785$1,280$900$623$425$330
31 years$1,709$1,210$839$572$384$295
32 years$1,638$1,145$783$526$348$264
33 years$1,571$1,084$731$483$315$237
34 years$1,508$1,027$683$445$285$212
35 years$1,449$975$638$409$258$190
36 years$1,393$925$597$377$234$170
37 years$1,340$879$559$347$212$153
38 years$1,291$835$524$320$192$137
39 years$1,244$794$490$295$174$123
40 years$1,199$755$460$272$158$110
41 years$1,157$719$431$251$143$99
42 years$1,117$685$404$232$130$89
43 years$1,078$652$379$214$118$80
44 years$1,042$622$356$198$107$71
45 years$1,007$593$334$182$97$64
46 years$974$566$314$169$88$58
47 years$943$540$295$156$80$52
48 years$913$515$277$144$73$46
49 years$884$492$261$133$66$42
50 years$856$470$245$123$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $877,000, adding $2,391 every year, while hoping to spend $51,015 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: 47/34/19 Blend
58$877,000$877,000$877,000$877,000
59$968,920$922,439$908,846$1,009,130
60$1,013,471$913,359$885,013$1,028,313
61$1,060,855$902,125$858,671$1,043,797
62$1,111,309$888,576$829,684$1,059,530
63$1,165,091$872,544$797,906$1,075,557
64$1,222,481$853,849$763,187$1,091,930
65$1,283,790$832,304$725,369$1,108,711
66$1,349,355$807,705$684,288$1,125,971
67$1,419,549$779,842$639,771$1,143,794
68$1,494,778$748,490$591,639$1,162,276
69$1,575,489$713,410$539,702$1,181,524
70$1,662,173$674,350$483,766$1,201,667
71$1,755,366$631,045$423,624$1,222,846
72$1,855,661$583,214$359,062$1,245,226
73$1,963,705$530,557$289,857$1,268,992
74$2,080,210$472,762$215,775$1,294,356
75$2,205,959$409,495$136,571$1,321,556
76$2,341,812$340,406$51,992$1,350,864
77$2,488,714$265,123$0$1,382,582
78$2,647,703$183,254$0$1,424,815
79$2,819,921$94,385$0$1,481,943
80$3,006,623$0$0$1,543,909
81$3,209,189$0$0$1,611,980
82$3,429,137$0$0$1,724,319
83$3,668,137$0$0$1,846,476
84$3,928,026$0$0$1,979,401
85$4,210,825$0$0$2,124,139
86$4,518,756$0$0$2,281,839
87$4,854,267$0$0$2,453,768
88$5,220,050$0$0$2,641,317
89$5,619,067$0$0$2,846,020
90$6,054,582$0$0$3,069,564
91$6,530,184$0$0$3,313,808
92$7,049,826$0$0$3,580,795
93$7,617,858$0$0$3,872,778
94$8,239,071$0$0$4,192,236
95$8,918,740$0$0$4,541,898
96$9,662,673$0$0$4,924,770
97$10,477,265$0$0$5,344,162
98$11,369,559$0$0$5,803,720
99$12,347,310$0$0$6,307,458
100$13,419,061$0$0$6,859,798