Can I retire at age 59 with 889,000?

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 $889,000?

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$73,413$72,759$72,121$71,498$70,890$70,532
2 years$36,343$35,666$35,010$34,374$33,757$33,396
3 years$23,988$23,308$22,654$22,024$21,417$21,064
4 years$17,812$17,134$16,486$15,867$15,275$14,932
5 years$14,107$13,433$12,794$12,187$11,612$11,280
6 years$11,638$10,969$10,339$9,746$9,188$8,869
7 years$9,875$9,212$8,592$8,013$7,472$7,165
8 years$8,553$7,896$7,287$6,722$6,199$5,904
9 years$7,526$6,875$6,276$5,726$5,220$4,938
10 years$6,705$6,060$5,472$4,935$4,448$4,177
11 years$6,033$5,395$4,817$4,295$3,825$3,567
12 years$5,474$4,842$4,275$3,768$3,315$3,068
13 years$5,001$4,376$3,820$3,326$2,891$2,655
14 years$4,596$3,978$3,432$2,953$2,534$2,310
15 years$4,245$3,634$3,099$2,633$2,231$2,017
16 years$3,939$3,334$2,809$2,358$1,972$1,769
17 years$3,668$3,070$2,556$2,118$1,748$1,556
18 years$3,429$2,837$2,334$1,909$1,555$1,372
19 years$3,214$2,629$2,136$1,725$1,386$1,212
20 years$3,021$2,443$1,961$1,562$1,238$1,074
21 years$2,847$2,276$1,803$1,418$1,108$952
22 years$2,689$2,124$1,662$1,289$993$846
23 years$2,545$1,987$1,535$1,174$891$753
24 years$2,413$1,862$1,419$1,071$801$671
25 years$2,292$1,747$1,315$978$721$598
26 years$2,180$1,642$1,219$894$649$534
27 years$2,077$1,545$1,132$819$585$477
28 years$1,981$1,456$1,052$750$528$426
29 years$1,892$1,374$979$688$477$381
30 years$1,810$1,297$912$631$431$341
31 years$1,732$1,226$850$580$390$305
32 years$1,660$1,160$793$533$352$274
33 years$1,592$1,099$741$490$319$245
34 years$1,528$1,042$692$451$289$220
35 years$1,468$988$647$415$262$197
36 years$1,412$938$605$382$237$177
37 years$1,359$891$567$352$215$159
38 years$1,308$846$531$325$195$142
39 years$1,261$805$497$299$177$128
40 years$1,215$766$466$276$160$115
41 years$1,173$729$437$255$145$103
42 years$1,132$694$410$235$132$93
43 years$1,093$661$385$217$120$83
44 years$1,056$630$361$200$109$75
45 years$1,021$601$339$185$99$67
46 years$988$573$318$171$90$60
47 years$956$547$299$158$81$54
48 years$925$522$281$146$74$49
49 years$896$499$264$135$67$44
50 years$868$477$248$125$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $889,000, adding $6,579 every year, while hoping to spend $23,319 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: 47/26/27 Blend
58$889,000$889,000$889,000$889,000
59$986,464$939,347$925,568$1,024,929
60$1,062,272$960,564$931,763$1,073,911
61$1,145,031$982,039$937,384$1,124,256
62$1,235,426$1,003,760$942,388$1,178,451
63$1,334,208$1,025,714$946,727$1,236,871
64$1,442,209$1,047,885$950,354$1,299,928
65$1,560,342$1,070,258$953,218$1,368,077
66$1,689,611$1,092,815$955,265$1,441,817
67$1,831,124$1,115,536$956,439$1,521,703
68$1,986,101$1,138,399$956,682$1,608,342
69$2,155,883$1,161,381$955,931$1,702,408
70$2,341,950$1,184,456$954,122$1,804,640
71$2,545,930$1,207,595$951,186$1,915,856
72$2,769,617$1,230,769$947,053$2,036,956
73$3,014,986$1,253,945$941,647$2,168,934
74$3,284,213$1,277,087$934,890$2,312,885
75$3,579,694$1,300,156$926,701$2,470,017
76$3,904,070$1,323,111$916,993$2,641,663
77$4,260,249$1,345,907$905,676$2,829,291
78$4,651,434$1,368,496$892,655$3,034,522
79$5,081,154$1,390,826$877,833$3,259,140
80$5,553,296$1,412,841$861,105$3,505,116
81$6,072,144$1,434,482$842,363$3,774,622
82$6,642,415$1,455,684$821,495$4,070,052
83$7,269,308$1,476,378$798,381$4,394,047
84$7,958,548$1,496,492$772,898$4,749,519
85$8,716,446$1,515,946$744,916$5,139,677
86$9,549,953$1,534,656$714,300$5,568,061
87$10,466,727$1,552,533$680,908$6,038,575
88$11,475,206$1,569,480$644,591$6,555,520
89$12,584,687$1,585,395$605,195$7,123,643
90$13,805,414$1,600,169$562,558$7,748,172
91$15,148,674$1,613,684$516,511$8,434,875
92$16,626,902$1,625,818$466,878$9,190,110
93$18,253,801$1,636,438$413,473$10,020,888
94$20,044,468$1,645,404$356,105$10,934,934
95$22,015,541$1,652,565$294,571$11,940,770
96$24,185,348$1,657,763$228,661$13,047,788
97$26,574,089$1,660,829$158,157$14,266,341
98$29,204,020$1,661,583$82,828$15,607,844
99$32,099,663$1,659,834$2,436$17,084,881
100$35,288,043$1,655,379$0$18,711,323