Can I retire at age 59 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$72,835$72,186$71,553$70,935$70,332$68,245
2 years$36,057$35,385$34,734$34,103$33,491$31,406
3 years$23,799$23,125$22,475$21,850$21,248$19,230
4 years$17,671$16,999$16,356$15,742$15,154$13,218
5 years$13,996$13,327$12,693$12,091$11,520$9,672
6 years$11,546$10,883$10,258$9,670$9,116$7,357
7 years$9,797$9,139$8,524$7,950$7,413$5,744
8 years$8,486$7,834$7,229$6,669$6,150$4,569
9 years$7,467$6,821$6,227$5,680$5,179$3,685
10 years$6,652$6,012$5,429$4,897$4,413$3,003
11 years$5,985$5,353$4,779$4,262$3,795$2,468
12 years$5,431$4,804$4,241$3,738$3,289$2,041
13 years$4,961$4,342$3,789$3,300$2,868$1,696
14 years$4,560$3,946$3,405$2,929$2,514$1,416
15 years$4,212$3,605$3,074$2,613$2,214$1,186
16 years$3,908$3,308$2,787$2,339$1,956$997
17 years$3,640$3,046$2,536$2,102$1,735$839
18 years$3,402$2,815$2,315$1,894$1,542$708
19 years$3,189$2,609$2,119$1,711$1,375$598
20 years$2,998$2,424$1,945$1,550$1,228$506
21 years$2,825$2,258$1,789$1,407$1,099$429
22 years$2,668$2,108$1,649$1,279$985$364
23 years$2,525$1,971$1,523$1,165$884$309
24 years$2,394$1,847$1,408$1,062$795$262
25 years$2,274$1,733$1,304$970$715$223
26 years$2,163$1,629$1,210$887$644$189
27 years$2,061$1,533$1,123$812$581$161
28 years$1,966$1,445$1,044$744$524$137
29 years$1,878$1,363$972$682$473$117
30 years$1,795$1,287$905$626$428$99
31 years$1,719$1,217$844$575$387$85
32 years$1,647$1,151$787$529$350$72
33 years$1,580$1,090$735$486$316$61
34 years$1,516$1,033$687$447$287$52
35 years$1,457$980$642$412$260$44
36 years$1,401$930$601$379$235$38
37 years$1,348$884$562$349$213$32
38 years$1,298$840$526$322$193$28
39 years$1,251$798$493$297$175$23
40 years$1,206$760$462$274$159$20
41 years$1,163$723$434$253$144$17
42 years$1,123$689$407$233$131$15
43 years$1,085$656$382$215$119$12
44 years$1,048$625$358$199$108$11
45 years$1,013$596$336$184$98$9
46 years$980$569$316$170$89$8
47 years$948$543$297$157$81$7
48 years$918$518$279$145$73$6
49 years$889$495$262$134$67$5
50 years$861$473$246$124$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $882,000, adding $5,398 every year, while hoping to spend $47,999 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: 70/17/13 Blend
58$882,000$882,000$882,000$882,000
59$977,532$930,786$917,115$1,042,806
60$1,026,170$925,324$896,768$1,081,380
61$1,078,160$917,986$874,130$1,117,270
62$1,133,793$908,628$849,075$1,155,290
63$1,193,390$897,101$821,469$1,195,642
64$1,257,300$883,243$791,172$1,238,549
65$1,325,907$866,884$758,039$1,284,257
66$1,399,634$847,846$721,918$1,333,040
67$1,478,943$825,937$682,648$1,385,199
68$1,564,343$800,956$640,065$1,441,068
69$1,656,392$772,688$593,993$1,501,017
70$1,755,704$740,910$544,251$1,565,455
71$1,862,951$705,380$490,649$1,634,832
72$1,978,875$665,846$432,989$1,709,649
73$2,104,289$622,041$371,063$1,790,458
74$2,240,088$573,683$304,655$1,877,869
75$2,387,254$520,471$233,538$1,972,559
76$2,546,870$462,090$157,478$2,075,272
77$2,720,125$398,206$76,227$2,186,834
78$2,908,326$328,467$0$2,308,156
79$3,112,912$252,498$0$2,441,700
80$3,335,466$169,908$0$2,598,504
81$3,577,729$80,279$0$2,769,252
82$3,841,617$0$0$2,955,343
83$4,129,239$0$0$3,161,470
84$4,442,916$0$0$3,402,689
85$4,785,201$0$0$3,665,954
86$5,158,906$0$0$3,953,431
87$5,567,126$0$0$4,267,509
88$6,013,267$0$0$4,610,813
89$6,501,082$0$0$4,986,236
90$7,034,699$0$0$5,396,964
91$7,618,665$0$0$5,846,504
92$8,257,989$0$0$6,338,716
93$8,958,184$0$0$6,877,855
94$9,725,322$0$0$7,468,601
95$10,566,090$0$0$8,116,114
96$11,487,854$0$0$8,826,074
97$12,498,724$0$0$9,604,736
98$13,607,634$0$0$10,458,991
99$14,824,426$0$0$11,396,429
100$16,159,938$0$0$12,425,410