Can I retire at age 59 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$74,651$73,987$73,338$72,705$72,086$71,245
2 years$36,956$36,268$35,601$34,954$34,327$33,480
3 years$24,393$23,701$23,036$22,395$21,778$20,952
4 years$18,112$17,423$16,764$16,135$15,532$14,733
5 years$14,345$13,660$13,010$12,393$11,808$11,038
6 years$11,834$11,154$10,514$9,911$9,343$8,604
7 years$10,042$9,367$8,737$8,148$7,598$6,890
8 years$8,698$8,030$7,410$6,835$6,304$5,626
9 years$7,653$6,991$6,382$5,822$5,308$4,661
10 years$6,818$6,162$5,564$5,019$4,523$3,906
11 years$6,135$5,486$4,898$4,368$3,890$3,302
12 years$5,566$4,924$4,347$3,831$3,371$2,812
13 years$5,085$4,450$3,884$3,382$2,940$2,408
14 years$4,673$4,045$3,490$3,002$2,577$2,073
15 years$4,317$3,695$3,151$2,678$2,269$1,792
16 years$4,005$3,390$2,857$2,398$2,005$1,554
17 years$3,730$3,122$2,599$2,154$1,778$1,351
18 years$3,486$2,885$2,373$1,941$1,581$1,178
19 years$3,268$2,674$2,172$1,754$1,409$1,029
20 years$3,072$2,485$1,994$1,589$1,259$901
21 years$2,895$2,314$1,834$1,442$1,126$790
22 years$2,735$2,160$1,690$1,311$1,010$693
23 years$2,588$2,021$1,561$1,194$906$609
24 years$2,454$1,893$1,443$1,089$815$536
25 years$2,331$1,777$1,337$995$733$472
26 years$2,217$1,670$1,240$909$660$416
27 years$2,112$1,571$1,151$832$595$367
28 years$2,015$1,481$1,070$763$537$324
29 years$1,924$1,397$996$699$485$286
30 years$1,840$1,319$928$642$438$253
31 years$1,762$1,247$865$589$396$223
32 years$1,688$1,180$807$542$358$197
33 years$1,619$1,117$753$498$324$175
34 years$1,554$1,059$704$458$294$154
35 years$1,493$1,005$658$422$266$137
36 years$1,436$953$616$389$241$121
37 years$1,382$906$576$358$218$107
38 years$1,330$861$540$330$198$95
39 years$1,282$818$506$304$180$84
40 years$1,236$779$474$281$163$74
41 years$1,192$741$444$259$148$66
42 years$1,151$706$417$239$134$58
43 years$1,112$673$391$221$122$52
44 years$1,074$641$367$204$110$46
45 years$1,038$611$345$188$100$41
46 years$1,004$583$324$174$91$36
47 years$972$557$304$161$83$32
48 years$941$531$286$148$75$28
49 years$911$507$269$137$68$25
50 years$883$485$253$127$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $904,000, adding $3,983 every year, while hoping to spend $54,270 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: 82/6/12 Blend
58$904,000$904,000$904,000$904,000
59$1,000,316$952,404$938,392$1,079,878
60$1,044,606$941,329$912,086$1,121,543
61$1,091,594$927,893$883,079$1,159,725
62$1,141,499$911,922$851,224$1,200,035
63$1,194,558$893,233$816,367$1,242,658
64$1,251,034$871,631$778,346$1,287,797
65$1,311,210$846,913$736,992$1,335,678
66$1,375,401$818,859$692,128$1,386,546
67$1,443,949$787,239$643,571$1,440,674
68$1,517,228$751,811$591,127$1,498,363
69$1,595,650$712,315$534,595$1,559,943
70$1,679,668$668,479$473,765$1,625,779
71$1,769,774$620,015$408,417$1,696,273
72$1,866,513$566,618$338,321$1,771,868
73$1,970,481$507,965$263,238$1,853,053
74$2,082,331$443,717$182,917$1,940,367
75$2,202,782$373,512$97,098$2,034,403
76$2,332,623$296,971$5,508$2,135,818
77$2,472,720$213,692$0$2,245,334
78$2,624,025$123,250$0$2,375,558
79$2,787,584$25,198$0$2,517,080
80$2,964,547$0$0$2,670,201
81$3,156,179$0$0$2,841,378
82$3,363,869$0$0$3,028,718
83$3,589,144$0$0$3,231,939
84$3,833,685$0$0$3,452,558
85$4,099,341$0$0$3,692,247
86$4,388,144$0$0$3,952,840
87$4,702,331$0$0$4,236,359
88$5,044,363$0$0$4,545,028
89$5,416,947$0$0$4,881,293
90$5,823,064$0$0$5,247,846
91$6,265,993$0$0$5,647,650
92$6,749,344$0$0$6,083,966
93$7,277,089$0$0$6,560,385
94$7,853,603$0$0$7,080,858
95$8,483,700$0$0$7,649,736
96$9,172,681$0$0$8,271,808
97$9,926,383$0$0$8,952,348
98$10,751,233$0$0$9,697,163
99$11,654,306$0$0$10,512,647
100$12,643,396$0$0$11,405,840