Can I retire at age 59 with 903,000?

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 $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%19.4%
1 years$74,569$73,905$73,257$72,624$72,006$69,286
2 years$36,915$36,228$35,561$34,915$34,289$31,580
3 years$24,366$23,675$23,011$22,371$21,754$19,142
4 years$18,092$17,404$16,746$16,117$15,515$13,019
5 years$14,329$13,645$12,995$12,379$11,794$9,421
6 years$11,821$11,142$10,502$9,900$9,333$7,084
7 years$10,030$9,357$8,727$8,139$7,590$5,465
8 years$8,688$8,021$7,402$6,828$6,297$4,293
9 years$7,644$6,983$6,375$5,816$5,303$3,418
10 years$6,810$6,156$5,558$5,013$4,518$2,749
11 years$6,128$5,480$4,893$4,363$3,886$2,229
12 years$5,560$4,919$4,342$3,827$3,367$1,818
13 years$5,080$4,445$3,880$3,379$2,936$1,489
14 years$4,668$4,040$3,486$2,999$2,574$1,225
15 years$4,312$3,691$3,147$2,675$2,266$1,011
16 years$4,001$3,386$2,854$2,395$2,003$837
17 years$3,726$3,119$2,597$2,152$1,776$694
18 years$3,483$2,882$2,370$1,939$1,579$576
19 years$3,265$2,671$2,170$1,752$1,408$479
20 years$3,069$2,482$1,991$1,587$1,257$399
21 years$2,892$2,312$1,832$1,440$1,125$333
22 years$2,732$2,158$1,688$1,310$1,008$277
23 years$2,585$2,018$1,559$1,193$905$232
24 years$2,451$1,891$1,442$1,088$814$193
25 years$2,328$1,775$1,335$993$732$162
26 years$2,215$1,668$1,238$908$660$135
27 years$2,110$1,570$1,150$831$595$113
28 years$2,013$1,479$1,069$762$537$94
29 years$1,922$1,395$995$699$484$79
30 years$1,838$1,318$927$641$438$66
31 years$1,760$1,246$864$589$396$55
32 years$1,686$1,179$806$541$358$46
33 years$1,617$1,116$753$498$324$39
34 years$1,552$1,058$703$458$293$32
35 years$1,492$1,003$657$421$266$27
36 years$1,434$952$615$388$241$23
37 years$1,380$905$576$358$218$19
38 years$1,329$860$539$330$198$16
39 years$1,280$817$505$304$179$13
40 years$1,235$778$473$280$163$11
41 years$1,191$740$444$259$148$9
42 years$1,150$705$416$239$134$8
43 years$1,110$672$391$220$122$7
44 years$1,073$640$367$203$110$6
45 years$1,037$611$344$188$100$5
46 years$1,003$583$323$174$91$4
47 years$971$556$304$160$83$3
48 years$940$531$286$148$75$3
49 years$910$507$268$137$68$2
50 years$882$484$252$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $903,000, adding $4,702 every year, while hoping to spend $43,670 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: 53/22/25 Blend
58$903,000$903,000$903,000$903,000
59$999,956$952,097$938,101$1,045,786
60$1,055,487$952,285$923,062$1,078,134
61$1,115,219$951,019$906,057$1,108,442
62$1,179,533$948,181$886,972$1,140,530
63$1,248,850$943,647$865,690$1,174,585
64$1,323,631$937,284$842,089$1,210,813
65$1,404,383$928,952$816,041$1,249,445
66$1,491,663$918,503$787,410$1,290,738
67$1,586,082$905,779$756,058$1,334,976
68$1,688,313$890,613$721,837$1,382,476
69$1,799,096$872,829$684,593$1,433,590
70$1,919,244$852,237$644,168$1,488,708
71$2,049,651$828,641$600,392$1,548,264
72$2,191,301$801,830$553,090$1,612,738
73$2,345,276$771,582$502,081$1,682,664
74$2,512,765$737,661$447,172$1,758,633
75$2,695,080$699,819$388,165$1,841,302
76$2,893,659$657,792$324,850$1,931,397
77$3,110,090$611,301$257,010$2,029,724
78$3,346,117$560,053$184,417$2,137,176
79$3,603,661$503,735$106,835$2,254,742
80$3,884,836$442,020$24,016$2,383,517
81$4,191,969$374,558$0$2,524,714
82$4,527,623$300,984$0$2,696,843
83$4,894,617$220,910$0$2,892,174
84$5,296,058$133,924$0$3,106,012
85$5,735,365$39,595$0$3,340,254
86$6,216,303$0$0$3,596,993
87$6,743,019$0$0$3,893,678
88$7,320,078$0$0$4,229,308
89$7,952,509$0$0$4,597,235
90$8,645,851$0$0$5,000,692
91$9,406,202$0$0$5,443,239
92$10,240,281$0$0$5,928,799
93$11,155,487$0$0$6,461,692
94$12,159,972$0$0$7,046,677
95$13,262,712$0$0$7,688,996
96$14,473,598$0$0$8,394,424
97$15,803,525$0$0$9,169,321
98$17,264,493$0$0$10,020,696
99$18,869,724$0$0$10,956,269
100$20,633,782$0$0$11,984,544