Can I retire at age 59 with 903,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$74,569$73,905$73,257$72,624$72,006$71,136
2 years$36,915$36,228$35,561$34,915$34,289$33,413
3 years$24,366$23,675$23,011$22,371$21,754$20,900
4 years$18,092$17,404$16,746$16,117$15,515$14,689
5 years$14,329$13,645$12,995$12,379$11,794$10,999
6 years$11,821$11,142$10,502$9,900$9,333$8,569
7 years$10,030$9,357$8,727$8,139$7,590$6,858
8 years$8,688$8,021$7,402$6,828$6,297$5,597
9 years$7,644$6,983$6,375$5,816$5,303$4,634
10 years$6,810$6,156$5,558$5,013$4,518$3,881
11 years$6,128$5,480$4,893$4,363$3,886$3,279
12 years$5,560$4,919$4,342$3,827$3,367$2,790
13 years$5,080$4,445$3,880$3,379$2,936$2,389
14 years$4,668$4,040$3,486$2,999$2,574$2,054
15 years$4,312$3,691$3,147$2,675$2,266$1,774
16 years$4,001$3,386$2,854$2,395$2,003$1,538
17 years$3,726$3,119$2,597$2,152$1,776$1,336
18 years$3,483$2,882$2,370$1,939$1,579$1,164
19 years$3,265$2,671$2,170$1,752$1,408$1,017
20 years$3,069$2,482$1,991$1,587$1,257$889
21 years$2,892$2,312$1,832$1,440$1,125$779
22 years$2,732$2,158$1,688$1,310$1,008$683
23 years$2,585$2,018$1,559$1,193$905$600
24 years$2,451$1,891$1,442$1,088$814$528
25 years$2,328$1,775$1,335$993$732$464
26 years$2,215$1,668$1,238$908$660$409
27 years$2,110$1,570$1,150$831$595$360
28 years$2,013$1,479$1,069$762$537$318
29 years$1,922$1,395$995$699$484$280
30 years$1,838$1,318$927$641$438$247
31 years$1,760$1,246$864$589$396$218
32 years$1,686$1,179$806$541$358$193
33 years$1,617$1,116$753$498$324$171
34 years$1,552$1,058$703$458$293$151
35 years$1,492$1,003$657$421$266$133
36 years$1,434$952$615$388$241$118
37 years$1,380$905$576$358$218$104
38 years$1,329$860$539$330$198$92
39 years$1,280$817$505$304$179$82
40 years$1,235$778$473$280$163$72
41 years$1,191$740$444$259$148$64
42 years$1,150$705$416$239$134$57
43 years$1,110$672$391$220$122$50
44 years$1,073$640$367$203$110$44
45 years$1,037$611$344$188$100$39
46 years$1,003$583$323$174$91$35
47 years$971$556$304$160$83$31
48 years$940$531$286$148$75$27
49 years$910$507$268$137$68$24
50 years$882$484$252$127$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $903,000, adding $2,500 every year, while hoping to spend $37,801 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: 59/24/17 Blend
58$903,000$903,000$903,000$903,000
59$997,685$949,826$935,829$1,052,023
60$1,059,229$956,147$926,960$1,095,394
61$1,125,783$961,512$916,526$1,138,282
62$1,197,819$965,832$904,436$1,184,183
63$1,275,855$969,016$890,593$1,233,394
64$1,360,460$970,965$874,895$1,286,244
65$1,452,260$971,576$857,238$1,343,093
66$1,551,945$970,738$837,509$1,404,344
67$1,660,272$968,332$815,594$1,470,438
68$1,778,073$964,234$791,370$1,541,865
69$1,906,267$958,312$764,711$1,619,165
70$2,045,861$950,424$735,484$1,702,936
71$2,197,967$940,423$703,551$1,793,837
72$2,363,805$928,149$668,766$1,892,599
73$2,544,721$913,436$630,977$2,000,026
74$2,742,194$896,106$590,026$2,117,008
75$2,957,854$875,971$545,748$2,244,529
76$3,193,493$852,832$497,969$2,383,674
77$3,451,087$826,478$446,508$2,535,641
78$3,732,809$796,687$391,177$2,701,756
79$4,041,052$763,221$331,778$2,883,480
80$4,378,452$725,832$268,106$3,082,428
81$4,747,912$684,255$199,944$3,300,383
82$5,152,626$638,210$127,070$3,539,313
83$5,596,114$587,403$49,247$3,801,391
84$6,082,253$531,521$0$4,089,015
85$6,615,311$470,234$0$4,410,965
86$7,199,990$403,193$0$4,773,964
87$7,841,468$330,029$0$5,172,342
88$8,545,451$250,353$0$5,609,711
89$9,318,220$163,753$0$6,090,052
90$10,166,698$69,796$0$6,617,755
91$11,098,508$0$0$7,197,662
92$12,122,049$0$0$7,843,556
93$13,246,573$0$0$8,573,503
94$14,482,273$0$0$9,375,697
95$15,840,377$0$0$10,257,438
96$17,333,258$0$0$11,226,766
97$18,974,542$0$0$12,292,543
98$20,779,246$0$0$13,464,529
99$22,763,913$0$0$14,753,480
100$24,946,770$0$0$16,171,244