Can I retire at age 59 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$74,321$73,659$73,013$72,383$71,767$70,988
2 years$36,793$36,107$35,443$34,799$34,175$33,391
3 years$24,285$23,597$22,934$22,296$21,682$20,917
4 years$18,032$17,346$16,690$16,063$15,464$14,723
5 years$14,281$13,599$12,952$12,338$11,755$11,042
6 years$11,782$11,105$10,467$9,867$9,302$8,616
7 years$9,997$9,326$8,698$8,112$7,565$6,907
8 years$8,659$7,994$7,377$6,805$6,276$5,646
9 years$7,619$6,960$6,354$5,796$5,285$4,684
10 years$6,787$6,135$5,539$4,997$4,503$3,929
11 years$6,108$5,462$4,877$4,348$3,873$3,326
12 years$5,541$4,902$4,328$3,814$3,356$2,836
13 years$5,063$4,430$3,867$3,367$2,927$2,432
14 years$4,653$4,027$3,474$2,989$2,565$2,096
15 years$4,298$3,679$3,137$2,666$2,259$1,814
16 years$3,987$3,375$2,844$2,387$1,996$1,575
17 years$3,714$3,108$2,588$2,145$1,770$1,372
18 years$3,471$2,872$2,362$1,933$1,574$1,198
19 years$3,254$2,662$2,163$1,746$1,403$1,048
20 years$3,059$2,474$1,985$1,582$1,253$919
21 years$2,883$2,304$1,826$1,436$1,121$807
22 years$2,722$2,151$1,683$1,305$1,005$709
23 years$2,577$2,012$1,554$1,189$902$624
24 years$2,443$1,885$1,437$1,084$811$550
25 years$2,320$1,769$1,331$990$730$485
26 years$2,207$1,662$1,234$905$657$428
27 years$2,103$1,564$1,146$829$593$378
28 years$2,006$1,474$1,065$759$535$335
29 years$1,916$1,391$991$696$483$296
30 years$1,832$1,313$924$639$436$262
31 years$1,754$1,242$861$587$394$232
32 years$1,680$1,175$803$539$357$205
33 years$1,612$1,113$750$496$323$182
34 years$1,547$1,054$701$456$292$161
35 years$1,487$1,000$655$420$265$143
36 years$1,429$949$613$387$240$127
37 years$1,375$902$574$356$217$112
38 years$1,324$857$537$329$197$100
39 years$1,276$815$503$303$179$88
40 years$1,230$775$472$279$162$78
41 years$1,187$738$442$258$147$69
42 years$1,146$703$415$238$133$62
43 years$1,107$670$389$220$121$55
44 years$1,069$638$366$203$110$49
45 years$1,034$609$343$187$100$43
46 years$1,000$581$322$173$91$38
47 years$968$554$303$160$82$34
48 years$937$529$285$148$75$30
49 years$907$505$267$136$68$27
50 years$879$482$251$126$62$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $900,000, adding $5,783 every year, while hoping to spend $57,299 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: 50/34/16 Blend
58$900,000$900,000$900,000$900,000
59$997,765$950,065$936,115$1,042,979
60$1,038,572$935,653$906,509$1,060,315
61$1,081,620$918,614$873,991$1,072,720
62$1,127,078$898,759$838,403$1,084,946
63$1,175,129$875,887$799,579$1,096,995
64$1,225,975$849,788$757,347$1,108,872
65$1,279,832$820,235$711,526$1,120,589
66$1,336,940$786,992$661,928$1,132,161
67$1,397,560$749,807$608,354$1,143,611
68$1,461,978$708,414$550,600$1,154,965
69$1,530,504$662,531$488,450$1,166,261
70$1,603,482$611,861$421,680$1,177,544
71$1,681,284$556,090$350,053$1,188,869
72$1,764,322$494,884$273,326$1,200,303
73$1,853,042$427,894$191,243$1,211,925
74$1,947,939$354,746$103,535$1,223,831
75$2,049,550$275,050$9,925$1,236,131
76$2,158,467$188,391$0$1,248,956
77$2,275,340$94,331$0$1,277,819
78$2,400,880$0$0$1,310,339
79$2,535,869$0$0$1,347,918
80$2,681,165$0$0$1,426,422
81$2,837,710$0$0$1,511,075
82$3,006,539$0$0$1,602,446
83$3,188,790$0$0$1,701,160
84$3,385,711$0$0$1,807,904
85$3,598,675$0$0$1,923,432
86$3,829,192$0$0$2,048,575
87$4,078,920$0$0$2,184,244
88$4,349,684$0$0$2,331,442
89$4,643,489$0$0$2,491,274
90$4,962,542$0$0$2,664,953
91$5,309,268$0$0$2,853,813
92$5,686,338$0$0$3,059,323
93$6,096,688$0$0$3,283,100
94$6,543,550$0$0$3,526,921
95$7,030,479$0$0$3,792,744
96$7,561,389$0$0$4,082,722
97$8,140,586$0$0$4,399,226
98$8,772,811$0$0$4,744,865
99$9,463,282$0$0$5,122,513
100$10,217,745$0$0$5,535,332