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%11.7%
1 years$74,569$73,905$73,257$72,624$72,006$71,493
2 years$36,915$36,228$35,561$34,915$34,289$33,771
3 years$24,366$23,675$23,011$22,371$21,754$21,248
4 years$18,092$17,404$16,746$16,117$15,515$15,025
5 years$14,329$13,645$12,995$12,379$11,794$11,321
6 years$11,821$11,142$10,502$9,900$9,333$8,877
7 years$10,030$9,357$8,727$8,139$7,590$7,152
8 years$8,688$8,021$7,402$6,828$6,297$5,877
9 years$7,644$6,983$6,375$5,816$5,303$4,900
10 years$6,810$6,156$5,558$5,013$4,518$4,133
11 years$6,128$5,480$4,893$4,363$3,886$3,518
12 years$5,560$4,919$4,342$3,827$3,367$3,017
13 years$5,080$4,445$3,880$3,379$2,936$2,603
14 years$4,668$4,040$3,486$2,999$2,574$2,256
15 years$4,312$3,691$3,147$2,675$2,266$1,965
16 years$4,001$3,386$2,854$2,395$2,003$1,717
17 years$3,726$3,119$2,597$2,152$1,776$1,504
18 years$3,483$2,882$2,370$1,939$1,579$1,322
19 years$3,265$2,671$2,170$1,752$1,408$1,164
20 years$3,069$2,482$1,991$1,587$1,257$1,027
21 years$2,892$2,312$1,832$1,440$1,125$908
22 years$2,732$2,158$1,688$1,310$1,008$804
23 years$2,585$2,018$1,559$1,193$905$712
24 years$2,451$1,891$1,442$1,088$814$632
25 years$2,328$1,775$1,335$993$732$561
26 years$2,215$1,668$1,238$908$660$499
27 years$2,110$1,570$1,150$831$595$444
28 years$2,013$1,479$1,069$762$537$395
29 years$1,922$1,395$995$699$484$352
30 years$1,838$1,318$927$641$438$314
31 years$1,760$1,246$864$589$396$280
32 years$1,686$1,179$806$541$358$250
33 years$1,617$1,116$753$498$324$223
34 years$1,552$1,058$703$458$293$199
35 years$1,492$1,003$657$421$266$178
36 years$1,434$952$615$388$241$159
37 years$1,380$905$576$358$218$142
38 years$1,329$860$539$330$198$127
39 years$1,280$817$505$304$179$113
40 years$1,235$778$473$280$163$101
41 years$1,191$740$444$259$148$91
42 years$1,150$705$416$239$134$81
43 years$1,110$672$391$220$122$72
44 years$1,073$640$367$203$110$65
45 years$1,037$611$344$188$100$58
46 years$1,003$583$323$174$91$52
47 years$971$556$304$160$83$46
48 years$940$531$286$148$75$41
49 years$910$507$268$137$68$37
50 years$882$484$252$127$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $903,000, adding $4,207 every year, while hoping to spend $45,573 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: 68/22/10 Blend
58$903,000$903,000$903,000$903,000
59$999,446$951,587$937,590$1,065,089
60$1,052,900$949,725$920,510$1,107,361
61$1,110,279$946,245$901,330$1,147,701
62$1,171,935$941,018$879,933$1,190,618
63$1,238,255$933,911$856,193$1,236,357
64$1,309,663$924,779$829,982$1,285,191
65$1,386,626$913,470$801,163$1,337,420
66$1,469,655$899,824$769,596$1,393,376
67$1,559,313$883,669$735,131$1,453,426
68$1,656,219$864,824$697,613$1,517,975
69$1,761,052$843,099$656,882$1,587,473
70$1,874,559$818,290$612,767$1,662,414
71$1,997,560$790,183$565,091$1,743,346
72$2,130,959$758,549$513,669$1,830,875
73$2,275,749$723,150$458,309$1,925,668
74$2,433,021$683,730$398,808$2,028,466
75$2,603,977$640,021$334,956$2,140,084
76$2,789,938$591,738$266,533$2,261,425
77$2,992,359$538,580$193,309$2,393,485
78$3,212,839$480,230$115,044$2,537,366
79$3,453,139$416,351$31,488$2,694,282
80$3,715,195$346,589$0$2,865,577
81$4,001,142$270,568$0$3,058,890
82$4,313,325$187,893$0$3,273,690
83$4,654,329$98,144$0$3,508,452
84$5,026,998$881$0$3,765,208
85$5,434,464$0$0$4,046,194
86$5,880,176$0$0$4,379,148
87$6,367,929$0$0$4,743,793
88$6,901,903$0$0$5,143,048
89$7,486,704$0$0$5,580,361
90$8,127,399$0$0$6,059,532
91$8,829,572$0$0$6,584,742
92$9,599,372$0$0$7,160,598
93$10,443,572$0$0$7,792,174
94$11,369,628$0$0$8,485,059
95$12,385,759$0$0$9,245,407
96$13,501,012$0$0$10,080,000
97$14,725,356$0$0$10,996,305
98$16,069,771$0$0$12,002,550
99$17,546,353$0$0$13,107,797
100$19,168,426$0$0$14,322,031