Can I retire at age 59 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$72,752$72,104$71,472$70,855$70,252$69,897
2 years$36,016$35,345$34,695$34,065$33,453$33,095
3 years$23,772$23,098$22,450$21,826$21,224$20,874
4 years$17,651$16,980$16,338$15,724$15,137$14,798
5 years$13,980$13,312$12,679$12,078$11,507$11,179
6 years$11,533$10,871$10,246$9,659$9,105$8,789
7 years$9,786$9,129$8,515$7,941$7,405$7,101
8 years$8,476$7,825$7,221$6,661$6,143$5,851
9 years$7,458$6,813$6,220$5,674$5,173$4,893
10 years$6,644$6,006$5,422$4,891$4,408$4,140
11 years$5,979$5,346$4,774$4,257$3,791$3,535
12 years$5,424$4,799$4,237$3,734$3,285$3,040
13 years$4,956$4,337$3,785$3,296$2,865$2,631
14 years$4,554$3,942$3,401$2,926$2,511$2,289
15 years$4,207$3,601$3,071$2,610$2,211$1,999
16 years$3,903$3,304$2,784$2,337$1,954$1,753
17 years$3,635$3,043$2,533$2,099$1,733$1,542
18 years$3,398$2,812$2,313$1,892$1,541$1,359
19 years$3,185$2,606$2,117$1,710$1,373$1,201
20 years$2,994$2,421$1,943$1,548$1,227$1,064
21 years$2,822$2,255$1,787$1,405$1,098$944
22 years$2,665$2,105$1,647$1,278$984$839
23 years$2,522$1,969$1,521$1,164$883$746
24 years$2,391$1,845$1,406$1,061$794$665
25 years$2,271$1,731$1,303$969$714$593
26 years$2,161$1,627$1,208$886$643$529
27 years$2,058$1,531$1,122$811$580$472
28 years$1,964$1,443$1,043$743$523$422
29 years$1,875$1,361$971$682$473$378
30 years$1,793$1,286$904$625$427$338
31 years$1,717$1,215$843$574$386$303
32 years$1,645$1,150$786$528$349$271
33 years$1,578$1,089$734$485$316$243
34 years$1,515$1,032$686$447$286$218
35 years$1,455$979$641$411$259$195
36 years$1,399$929$600$379$235$175
37 years$1,346$883$562$349$213$157
38 years$1,296$839$526$322$193$141
39 years$1,249$798$493$297$175$127
40 years$1,204$759$462$274$159$114
41 years$1,162$722$433$252$144$102
42 years$1,122$688$406$233$131$92
43 years$1,083$655$381$215$119$82
44 years$1,047$625$358$199$108$74
45 years$1,012$596$336$183$98$66
46 years$979$568$316$169$89$60
47 years$947$542$296$156$81$54
48 years$917$518$279$145$73$48
49 years$888$494$262$134$66$43
50 years$860$472$246$123$60$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $881,000, adding $3,976 every year, while hoping to spend $39,157 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: 42/43/15 Blend
58$881,000$881,000$881,000$881,000
59$974,963$928,270$914,615$1,011,472
60$1,032,747$932,093$903,592$1,041,387
61$1,095,112$934,790$890,887$1,069,590
62$1,162,484$936,266$876,403$1,099,286
63$1,235,333$936,418$860,037$1,130,631
64$1,314,171$935,137$841,683$1,163,796
65$1,399,565$932,307$821,228$1,198,975
66$1,492,137$927,807$798,555$1,236,382
67$1,592,570$921,505$773,542$1,276,255
68$1,701,617$913,263$746,061$1,318,861
69$1,820,105$902,936$715,977$1,364,496
70$1,948,944$890,368$683,150$1,413,489
71$2,089,135$875,394$647,434$1,466,207
72$2,241,779$857,841$608,675$1,523,058
73$2,408,089$837,524$566,714$1,584,495
74$2,589,398$814,246$521,383$1,651,020
75$2,787,175$787,803$472,508$1,723,194
76$3,003,036$757,974$419,906$1,801,637
77$3,238,758$724,527$363,386$1,887,039
78$3,496,301$687,219$302,748$1,980,165
79$3,777,820$645,788$237,786$2,081,862
80$4,085,687$599,962$168,283$2,193,073
81$4,422,517$549,450$94,010$2,314,841
82$4,791,187$493,946$14,732$2,448,323
83$5,194,864$433,126$0$2,594,802
84$5,637,038$366,647$0$2,766,880
85$6,121,552$294,148$0$2,958,192
86$6,652,636$215,247$0$3,168,164
87$7,234,951$129,541$0$3,398,770
88$7,873,630$36,602$0$3,652,194
89$8,574,328$0$0$3,930,849
90$9,343,270$0$0$4,267,694
91$10,187,317$0$0$4,656,565
92$11,114,024$0$0$5,083,638
93$12,131,714$0$0$5,552,764
94$13,249,557$0$0$6,068,185
95$14,477,653$0$0$6,634,573
96$15,827,129$0$0$7,257,077
97$17,310,243$0$0$7,941,369
98$18,940,500$0$0$8,693,696
99$20,732,779$0$0$9,520,944
100$22,703,471$0$0$10,430,696