Can I retire at age 59 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,504$71,859$71,228$70,613$70,013$67,262
2 years$35,893$35,225$34,577$33,949$33,340$30,601
3 years$23,691$23,020$22,374$21,751$21,152$18,513
4 years$17,591$16,922$16,282$15,671$15,086$12,566
5 years$13,932$13,267$12,636$12,037$11,468$9,074
6 years$11,494$10,834$10,212$9,626$9,074$6,808
7 years$9,753$9,098$8,486$7,914$7,380$5,240
8 years$8,447$7,799$7,197$6,639$6,122$4,107
9 years$7,433$6,790$6,198$5,655$5,156$3,262
10 years$6,622$5,985$5,404$4,874$4,393$2,617
11 years$5,958$5,328$4,758$4,242$3,778$2,116
12 years$5,406$4,782$4,222$3,721$3,274$1,721
13 years$4,939$4,322$3,772$3,285$2,855$1,406
14 years$4,539$3,928$3,389$2,916$2,503$1,154
15 years$4,193$3,589$3,060$2,601$2,204$949
16 years$3,890$3,293$2,775$2,329$1,948$783
17 years$3,623$3,032$2,525$2,092$1,727$648
18 years$3,386$2,802$2,305$1,886$1,535$536
19 years$3,174$2,597$2,110$1,704$1,369$445
20 years$2,984$2,413$1,936$1,543$1,222$369
21 years$2,812$2,248$1,781$1,400$1,094$307
22 years$2,656$2,098$1,642$1,273$981$255
23 years$2,514$1,962$1,516$1,160$880$212
24 years$2,383$1,839$1,402$1,058$791$177
25 years$2,264$1,725$1,298$966$712$147
26 years$2,153$1,622$1,204$883$641$123
27 years$2,051$1,526$1,118$808$578$102
28 years$1,957$1,438$1,039$741$522$85
29 years$1,869$1,357$967$679$471$71
30 years$1,787$1,281$901$623$426$59
31 years$1,711$1,211$840$572$385$49
32 years$1,639$1,146$784$526$348$41
33 years$1,572$1,085$732$484$315$34
34 years$1,509$1,029$684$445$285$29
35 years$1,450$976$639$410$258$24
36 years$1,394$926$598$377$234$20
37 years$1,342$880$560$348$212$17
38 years$1,292$836$524$321$192$14
39 years$1,245$795$491$296$174$12
40 years$1,200$756$460$273$158$10
41 years$1,158$720$432$251$144$8
42 years$1,118$686$405$232$130$7
43 years$1,080$653$380$214$118$6
44 years$1,043$623$357$198$107$5
45 years$1,009$594$335$183$97$4
46 years$975$566$314$169$88$3
47 years$944$541$295$156$80$3
48 years$914$516$278$144$73$2
49 years$885$493$261$133$66$2
50 years$857$471$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $878,000, adding $3,449 every year, while hoping to spend $46,823 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: 62/20/18 Blend
58$878,000$878,000$878,000$878,000
59$971,114$924,580$910,971$1,026,667
60$1,020,348$920,065$891,669$1,059,988
61$1,073,035$913,759$870,151$1,090,785
62$1,129,477$905,526$846,294$1,123,311
63$1,190,007$895,220$819,968$1,157,739
64$1,254,988$882,686$791,037$1,194,262
65$1,324,821$867,762$759,361$1,233,091
66$1,399,944$850,274$724,791$1,274,463
67$1,480,839$830,038$687,173$1,318,640
68$1,568,036$806,861$646,344$1,365,912
69$1,662,116$780,538$602,137$1,416,604
70$1,763,717$750,850$554,374$1,471,072
71$1,873,542$717,567$502,871$1,529,714
72$1,992,362$680,446$447,436$1,592,971
73$2,121,024$639,229$387,866$1,661,329
74$2,260,461$593,644$323,952$1,735,330
75$2,411,699$543,403$255,475$1,815,574
76$2,575,863$488,201$182,205$1,902,723
77$2,754,195$427,717$103,902$1,997,514
78$2,948,058$361,610$20,318$2,100,761
79$3,158,952$289,521$0$2,213,364
80$3,388,529$211,071$0$2,349,553
81$3,638,604$125,859$0$2,502,224
82$3,911,177$33,462$0$2,668,750
83$4,208,448$0$0$2,850,539
84$4,532,837$0$0$3,063,797
85$4,887,011$0$0$3,304,736
86$5,273,904$0$0$3,567,997
87$5,696,744$0$0$3,855,785
88$6,159,088$0$0$4,170,529
89$6,664,852$0$0$4,514,902
90$7,218,346$0$0$4,891,850
91$7,824,318$0$0$5,304,613
92$8,487,994$0$0$5,756,763
93$9,215,132$0$0$6,252,231
94$10,012,070$0$0$6,795,348
95$10,885,791$0$0$7,390,883
96$11,843,985$0$0$8,044,088
97$12,895,123$0$0$8,760,748
98$14,048,532$0$0$9,547,238
99$15,314,490$0$0$10,410,575
100$16,704,314$0$0$11,358,493