Can I retire at age 59 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$72,917$72,268$71,634$71,016$70,412$69,763
2 years$36,098$35,425$34,774$34,142$33,529$32,876
3 years$23,826$23,151$22,501$21,875$21,272$20,635
4 years$17,691$17,018$16,375$15,760$15,172$14,554
5 years$14,012$13,343$12,708$12,105$11,533$10,938
6 years$11,559$10,895$10,270$9,681$9,126$8,553
7 years$9,808$9,150$8,534$7,959$7,422$6,872
8 years$8,496$7,843$7,238$6,677$6,157$5,631
9 years$7,475$6,829$6,234$5,687$5,185$4,682
10 years$6,659$6,019$5,435$4,902$4,418$3,937
11 years$5,992$5,359$4,785$4,266$3,800$3,341
12 years$5,437$4,810$4,246$3,742$3,293$2,856
13 years$4,967$4,346$3,794$3,304$2,871$2,456
14 years$4,565$3,951$3,409$2,933$2,517$2,122
15 years$4,216$3,609$3,078$2,615$2,216$1,841
16 years$3,912$3,311$2,790$2,342$1,959$1,603
17 years$3,644$3,050$2,539$2,104$1,737$1,400
18 years$3,405$2,818$2,318$1,896$1,544$1,226
19 years$3,192$2,612$2,122$1,713$1,376$1,076
20 years$3,001$2,427$1,947$1,552$1,229$946
21 years$2,828$2,261$1,791$1,408$1,100$833
22 years$2,671$2,110$1,651$1,281$986$735
23 years$2,528$1,974$1,524$1,166$885$649
24 years$2,397$1,849$1,410$1,064$796$573
25 years$2,277$1,735$1,306$971$716$507
26 years$2,166$1,631$1,211$888$645$449
27 years$2,063$1,535$1,124$813$581$398
28 years$1,968$1,446$1,045$745$525$353
29 years$1,880$1,364$973$683$474$313
30 years$1,797$1,289$906$627$428$278
31 years$1,721$1,218$845$576$387$247
32 years$1,649$1,153$788$529$350$219
33 years$1,581$1,092$736$487$317$195
34 years$1,518$1,034$688$448$287$173
35 years$1,459$981$643$412$260$154
36 years$1,402$931$601$380$235$137
37 years$1,349$885$563$350$213$122
38 years$1,299$841$527$322$193$109
39 years$1,252$799$494$297$175$97
40 years$1,207$761$463$274$159$86
41 years$1,165$724$434$253$144$77
42 years$1,124$689$407$233$131$68
43 years$1,086$657$382$215$119$61
44 years$1,049$626$359$199$108$54
45 years$1,014$597$337$184$98$48
46 years$981$570$316$170$89$43
47 years$949$544$297$157$81$38
48 years$919$519$279$145$73$34
49 years$890$496$262$134$67$30
50 years$862$473$247$124$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $883,000, adding $6,165 every year, while hoping to spend $33,793 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: 43/28/29 Blend
58$883,000$883,000$883,000$883,000
59$979,425$932,626$918,940$1,013,033
60$1,043,371$942,369$913,769$1,047,494
61$1,112,707$951,457$907,292$1,081,154
62$1,187,947$959,822$899,430$1,116,986
63$1,269,656$967,392$890,099$1,155,213
64$1,358,456$974,090$879,213$1,196,080
65$1,455,032$979,834$866,680$1,239,861
66$1,560,136$984,536$852,405$1,286,857
67$1,674,596$988,105$836,287$1,337,404
68$1,799,324$990,442$818,222$1,391,875
69$1,935,323$991,441$798,100$1,450,680
70$2,083,697$990,992$775,807$1,514,275
71$2,245,660$988,977$751,222$1,583,167
72$2,422,550$985,270$724,221$1,657,914
73$2,615,840$979,738$694,672$1,739,135
74$2,827,150$972,239$662,438$1,827,518
75$3,058,266$962,626$627,376$1,923,819
76$3,311,152$950,737$589,336$2,028,880
77$3,587,972$936,406$548,162$2,143,629
78$3,891,109$919,453$503,689$2,269,094
79$4,223,186$899,690$455,746$2,406,412
80$4,587,094$876,918$404,156$2,556,839
81$4,986,014$850,923$348,732$2,721,767
82$5,423,451$821,483$289,279$2,902,731
83$5,903,267$788,359$225,593$3,101,430
84$6,429,712$751,300$157,463$3,319,743
85$7,007,470$710,042$84,665$3,559,743
86$7,641,701$664,303$6,970$3,823,724
87$8,338,086$613,785$0$4,114,219
88$9,102,886$558,176$0$4,457,526
89$9,942,997$497,143$0$4,837,067
90$10,866,015$430,335$0$5,254,178
91$11,880,308$357,382$0$5,712,716
92$12,995,098$277,891$0$6,216,934
93$14,220,540$191,450$0$6,771,523
94$15,567,826$97,622$0$7,381,656
95$17,049,284$0$0$8,053,039
96$18,678,497$0$0$8,793,215
97$20,470,430$0$0$9,640,521
98$22,441,573$0$0$10,572,689
99$24,610,092$0$0$11,598,327
100$26,996,003$0$0$12,726,917