Can I retire at age 59 with 884,000?

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 $884,000?

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$73,000$72,350$71,715$71,096$70,491$68,399
2 years$36,139$35,466$34,813$34,181$33,567$31,477
3 years$23,853$23,177$22,526$21,900$21,296$19,273
4 years$17,712$17,038$16,393$15,778$15,189$13,248
5 years$14,028$13,358$12,722$12,119$11,546$9,694
6 years$11,572$10,908$10,281$9,691$9,136$7,373
7 years$9,819$9,160$8,544$7,968$7,430$5,757
8 years$8,505$7,852$7,246$6,684$6,164$4,579
9 years$7,484$6,837$6,241$5,693$5,191$3,693
10 years$6,667$6,026$5,441$4,908$4,423$3,010
11 years$5,999$5,365$4,790$4,271$3,804$2,473
12 years$5,443$4,815$4,251$3,746$3,296$2,045
13 years$4,973$4,351$3,798$3,308$2,875$1,700
14 years$4,570$3,955$3,413$2,936$2,520$1,419
15 years$4,221$3,613$3,081$2,618$2,219$1,189
16 years$3,916$3,315$2,793$2,345$1,961$999
17 years$3,648$3,053$2,542$2,107$1,739$841
18 years$3,409$2,821$2,320$1,898$1,546$710
19 years$3,196$2,615$2,124$1,715$1,378$600
20 years$3,004$2,430$1,950$1,554$1,231$507
21 years$2,831$2,263$1,793$1,410$1,101$430
22 years$2,674$2,113$1,653$1,282$987$365
23 years$2,531$1,976$1,526$1,168$886$309
24 years$2,400$1,851$1,411$1,065$797$263
25 years$2,279$1,737$1,307$973$717$223
26 years$2,168$1,633$1,212$889$646$190
27 years$2,065$1,537$1,126$814$582$161
28 years$1,970$1,448$1,047$746$525$137
29 years$1,882$1,366$974$684$474$117
30 years$1,799$1,290$907$628$429$99
31 years$1,723$1,219$846$576$387$85
32 years$1,651$1,154$789$530$350$72
33 years$1,583$1,093$737$487$317$61
34 years$1,520$1,036$688$448$287$52
35 years$1,460$982$644$413$260$45
36 years$1,404$932$602$380$236$38
37 years$1,351$886$563$350$214$32
38 years$1,301$842$528$323$194$28
39 years$1,253$800$494$298$176$24
40 years$1,209$761$463$274$159$20
41 years$1,166$725$435$253$144$17
42 years$1,125$690$408$234$131$15
43 years$1,087$658$382$216$119$12
44 years$1,050$627$359$199$108$11
45 years$1,015$598$337$184$98$9
46 years$982$570$317$170$89$8
47 years$950$544$297$157$81$7
48 years$920$520$280$145$73$6
49 years$891$496$263$134$67$5
50 years$863$474$247$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $884,000, adding $4,252 every year, while hoping to spend $59,620 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: 58/25/17 Blend
58$884,000$884,000$884,000$884,000
59$978,554$931,702$918,000$1,030,741
60$1,014,931$913,920$885,318$1,048,816
61$1,053,021$893,269$849,542$1,061,614
62$1,092,934$869,544$810,508$1,074,204
63$1,134,793$842,531$768,039$1,086,577
64$1,178,728$812,002$721,954$1,098,724
65$1,224,883$777,714$672,064$1,110,641
66$1,273,411$739,413$618,169$1,122,325
67$1,324,483$696,828$560,062$1,133,777
68$1,378,282$649,674$497,525$1,145,001
69$1,435,007$597,648$430,332$1,156,005
70$1,494,876$540,431$358,247$1,166,805
71$1,558,127$477,686$281,022$1,177,420
72$1,625,019$409,056$198,400$1,187,877
73$1,695,836$334,164$110,110$1,198,211
74$1,770,884$252,612$15,872$1,208,465
75$1,850,504$163,979$0$1,218,695
76$1,935,062$67,821$0$1,244,328
77$2,024,963$0$0$1,274,152
78$2,120,649$0$0$1,315,431
79$2,222,603$0$0$1,379,336
80$2,331,354$0$0$1,447,545
81$2,447,481$0$0$1,520,429
82$2,571,622$0$0$1,598,391
83$2,704,471$0$0$1,681,877
84$2,846,793$0$0$1,771,372
85$2,999,425$0$0$1,867,411
86$3,163,288$0$0$1,970,579
87$3,339,388$0$0$2,081,521
88$3,528,835$0$0$2,200,941
89$3,732,843$0$0$2,329,617
90$3,952,748$0$0$2,468,399
91$4,190,017$0$0$2,618,224
92$4,446,261$0$0$2,780,119
93$4,723,251$0$0$2,955,214
94$5,022,933$0$0$3,144,753
95$5,347,447$0$0$3,350,099
96$5,699,145$0$0$3,572,756
97$6,080,613$0$0$3,814,373
98$6,494,696$0$0$4,076,767
99$6,944,522$0$0$4,361,935
100$7,433,533$0$0$4,672,074