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%19.2%
1 years$74,321$73,659$73,013$72,383$71,767$69,111
2 years$36,793$36,107$35,443$34,799$34,175$31,529
3 years$24,285$23,597$22,934$22,296$21,682$19,129
4 years$18,032$17,346$16,690$16,063$15,464$13,024
5 years$14,281$13,599$12,952$12,338$11,755$9,434
6 years$11,782$11,105$10,467$9,867$9,302$7,102
7 years$9,997$9,326$8,698$8,112$7,565$5,485
8 years$8,659$7,994$7,377$6,805$6,276$4,314
9 years$7,619$6,960$6,354$5,796$5,285$3,439
10 years$6,787$6,135$5,539$4,997$4,503$2,770
11 years$6,108$5,462$4,877$4,348$3,873$2,248
12 years$5,541$4,902$4,328$3,814$3,356$1,836
13 years$5,063$4,430$3,867$3,367$2,927$1,506
14 years$4,653$4,027$3,474$2,989$2,565$1,241
15 years$4,298$3,679$3,137$2,666$2,259$1,026
16 years$3,987$3,375$2,844$2,387$1,996$850
17 years$3,714$3,108$2,588$2,145$1,770$706
18 years$3,471$2,872$2,362$1,933$1,574$587
19 years$3,254$2,662$2,163$1,746$1,403$489
20 years$3,059$2,474$1,985$1,582$1,253$408
21 years$2,883$2,304$1,826$1,436$1,121$340
22 years$2,722$2,151$1,683$1,305$1,005$284
23 years$2,577$2,012$1,554$1,189$902$238
24 years$2,443$1,885$1,437$1,084$811$199
25 years$2,320$1,769$1,331$990$730$166
26 years$2,207$1,662$1,234$905$657$139
27 years$2,103$1,564$1,146$829$593$117
28 years$2,006$1,474$1,065$759$535$98
29 years$1,916$1,391$991$696$483$82
30 years$1,832$1,313$924$639$436$69
31 years$1,754$1,242$861$587$394$58
32 years$1,680$1,175$803$539$357$48
33 years$1,612$1,113$750$496$323$40
34 years$1,547$1,054$701$456$292$34
35 years$1,487$1,000$655$420$265$28
36 years$1,429$949$613$387$240$24
37 years$1,375$902$574$356$217$20
38 years$1,324$857$537$329$197$17
39 years$1,276$815$503$303$179$14
40 years$1,230$775$472$279$162$12
41 years$1,187$738$442$258$147$10
42 years$1,146$703$415$238$133$8
43 years$1,107$670$389$220$121$7
44 years$1,069$638$366$203$110$6
45 years$1,034$609$343$187$100$5
46 years$1,000$581$322$173$91$4
47 years$968$554$303$160$82$3
48 years$937$529$285$148$75$3
49 years$907$505$267$136$68$2
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $900,000, adding $3,026 every year, while hoping to spend $52,091 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: 69/15/16 Blend
58$900,000$900,000$900,000$900,000
59$994,921$947,221$933,271$1,059,630
60$1,040,979$938,211$909,111$1,094,103
61$1,089,988$927,013$882,396$1,125,334
62$1,142,196$913,465$852,986$1,158,186
63$1,197,871$897,396$820,732$1,192,813
64$1,257,309$878,624$785,481$1,229,385
65$1,320,834$856,955$747,074$1,268,091
66$1,388,799$832,186$705,341$1,309,141
67$1,461,593$804,100$660,107$1,352,768
68$1,539,643$772,469$611,188$1,399,230
69$1,623,417$737,050$558,393$1,448,813
70$1,713,428$697,588$501,522$1,501,833
71$1,810,240$653,811$440,364$1,558,643
72$1,914,470$605,434$374,703$1,619,632
73$2,026,799$552,153$304,308$1,685,231
74$2,147,972$493,649$228,942$1,755,918
75$2,278,811$429,582$148,357$1,832,222
76$2,420,214$359,597$62,292$1,914,730
77$2,573,173$283,314$0$2,004,089
78$2,738,776$200,336$0$2,106,065
79$2,918,220$110,241$0$2,228,083
80$3,112,819$12,584$0$2,360,427
81$3,324,021$0$0$2,504,124
82$3,553,418$0$0$2,675,672
83$3,802,758$0$0$2,864,438
84$4,073,969$0$0$3,069,807
85$4,369,167$0$0$3,293,390
86$4,690,685$0$0$3,536,958
87$5,041,088$0$0$3,802,460
88$5,423,198$0$0$4,092,042
89$5,840,123$0$0$4,408,067
90$6,295,283$0$0$4,753,132
91$6,792,442$0$0$5,130,102
92$7,335,745$0$0$5,542,124
93$7,929,755$0$0$5,992,669
94$8,579,495$0$0$6,485,554
95$9,290,498$0$0$7,024,986
96$10,068,853$0$0$7,615,593
97$10,921,269$0$0$8,262,475
98$11,855,131$0$0$8,971,247
99$12,878,573$0$0$9,748,093
100$14,000,554$0$0$10,599,822