Can I retire at age 59 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$74,404$73,741$73,094$72,463$71,847$71,097
2 years$36,834$36,148$35,483$34,838$34,213$33,457
3 years$24,312$23,623$22,960$22,321$21,706$20,969
4 years$18,052$17,365$16,709$16,081$15,481$14,767
5 years$14,297$13,615$12,967$12,352$11,768$11,081
6 years$11,795$11,117$10,479$9,878$9,312$8,651
7 years$10,008$9,336$8,708$8,121$7,573$6,939
8 years$8,669$8,003$7,385$6,813$6,283$5,676
9 years$7,628$6,968$6,361$5,803$5,291$4,711
10 years$6,795$6,142$5,546$5,002$4,508$3,955
11 years$6,114$5,468$4,882$4,353$3,877$3,350
12 years$5,548$4,908$4,333$3,818$3,360$2,858
13 years$5,068$4,435$3,871$3,371$2,930$2,453
14 years$4,658$4,031$3,478$2,993$2,568$2,115
15 years$4,302$3,683$3,140$2,669$2,261$1,832
16 years$3,992$3,379$2,847$2,390$1,999$1,592
17 years$3,718$3,112$2,591$2,147$1,772$1,387
18 years$3,475$2,875$2,365$1,935$1,576$1,212
19 years$3,258$2,665$2,165$1,748$1,404$1,061
20 years$3,062$2,476$1,987$1,583$1,254$931
21 years$2,886$2,307$1,828$1,437$1,123$818
22 years$2,726$2,153$1,685$1,307$1,006$720
23 years$2,579$2,014$1,555$1,190$903$634
24 years$2,446$1,887$1,438$1,085$812$559
25 years$2,323$1,771$1,332$991$731$494
26 years$2,210$1,664$1,236$906$658$436
27 years$2,105$1,566$1,147$830$593$386
28 years$2,008$1,476$1,067$760$535$341
29 years$1,918$1,392$993$697$483$302
30 years$1,834$1,315$925$640$437$267
31 years$1,756$1,243$862$587$395$237
32 years$1,682$1,176$804$540$357$210
33 years$1,614$1,114$751$496$323$186
34 years$1,549$1,056$702$457$293$165
35 years$1,488$1,001$656$421$265$146
36 years$1,431$950$614$387$240$130
37 years$1,377$903$574$357$218$115
38 years$1,326$858$538$329$197$102
39 years$1,278$816$504$303$179$91
40 years$1,232$776$472$280$162$81
41 years$1,188$739$443$258$147$72
42 years$1,147$704$415$238$134$64
43 years$1,108$670$390$220$121$56
44 years$1,071$639$366$203$110$50
45 years$1,035$609$344$187$100$45
46 years$1,001$581$323$173$91$40
47 years$969$555$303$160$82$35
48 years$938$530$285$148$75$31
49 years$908$506$268$137$68$28
50 years$880$483$252$126$62$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $901,000, adding $5,468 every year, while hoping to spend $44,195 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: 36/46/18 Blend
58$901,000$901,000$901,000$901,000
59$998,542$950,789$936,824$1,028,845
60$1,053,370$950,355$921,184$1,050,915
61$1,112,310$948,418$903,540$1,070,177
62$1,175,733$944,858$883,776$1,090,044
63$1,244,050$939,548$861,774$1,110,594
64$1,317,709$932,352$837,410$1,131,917
65$1,397,204$923,126$810,552$1,154,116
66$1,483,079$911,719$781,065$1,177,307
67$1,575,928$897,968$748,806$1,201,623
68$1,676,408$881,704$713,626$1,227,212
69$1,785,238$862,744$675,369$1,254,246
70$1,903,211$840,897$633,872$1,282,914
71$2,031,197$815,959$588,966$1,313,433
72$2,170,154$787,717$540,471$1,346,046
73$2,321,136$755,941$488,203$1,381,028
74$2,485,301$720,391$431,967$1,418,684
75$2,663,924$680,813$371,561$1,459,362
76$2,858,409$636,937$306,772$1,503,447
77$3,070,298$588,478$237,380$1,551,374
78$3,301,289$535,135$163,154$1,603,629
79$3,553,254$476,590$83,853$1,660,754
80$3,828,249$412,505$0$1,723,358
81$4,128,538$342,527$0$1,792,267
82$4,456,617$266,278$0$1,885,286
83$4,815,229$183,363$0$1,987,191
84$5,207,396$93,361$0$2,098,977
85$5,636,447$0$0$2,221,752
86$6,106,044$0$0$2,358,852
87$6,620,223$0$0$2,560,836
88$7,183,426$0$0$2,782,205
89$7,800,545$0$0$3,024,899
90$8,476,970$0$0$3,291,054
91$9,218,635$0$0$3,583,021
92$10,032,075$0$0$3,903,392
93$10,924,489$0$0$4,255,020
94$11,903,809$0$0$4,641,049
95$12,978,767$0$0$5,064,941
96$14,158,984$0$0$5,530,511
97$15,455,060$0$0$6,041,961
98$16,878,670$0$0$6,603,921
99$18,442,674$0$0$7,221,489
100$20,161,242$0$0$7,900,283