Can I retire at age 59 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$74,734$74,068$73,419$72,785$72,166$70,450
2 years$36,997$36,308$35,640$34,993$34,365$32,646
3 years$24,420$23,728$23,062$22,420$21,802$20,135
4 years$18,132$17,442$16,783$16,152$15,550$13,946
5 years$14,361$13,675$13,024$12,407$11,821$10,285
6 years$11,847$11,167$10,526$9,922$9,353$7,887
7 years$10,053$9,378$8,747$8,157$7,607$6,211
8 years$8,707$8,038$7,418$6,843$6,310$4,984
9 years$7,661$6,999$6,389$5,829$5,314$4,056
10 years$6,825$6,169$5,570$5,024$4,528$3,337
11 years$6,141$5,492$4,904$4,373$3,894$2,768
12 years$5,572$4,929$4,352$3,835$3,375$2,312
13 years$5,091$4,455$3,888$3,386$2,943$1,942
14 years$4,678$4,049$3,494$3,006$2,580$1,638
15 years$4,322$3,699$3,154$2,681$2,271$1,386
16 years$4,009$3,394$2,860$2,400$2,007$1,177
17 years$3,734$3,126$2,602$2,157$1,780$1,002
18 years$3,490$2,888$2,376$1,944$1,583$855
19 years$3,272$2,677$2,175$1,756$1,411$731
20 years$3,076$2,487$1,996$1,591$1,260$625
21 years$2,899$2,317$1,836$1,443$1,128$536
22 years$2,738$2,163$1,692$1,312$1,011$460
23 years$2,591$2,023$1,562$1,195$907$395
24 years$2,457$1,895$1,445$1,090$815$339
25 years$2,333$1,779$1,338$996$734$292
26 years$2,220$1,672$1,241$910$661$251
27 years$2,114$1,573$1,152$833$596$216
28 years$2,017$1,482$1,071$763$538$186
29 years$1,927$1,398$997$700$486$160
30 years$1,842$1,321$929$643$439$138
31 years$1,763$1,248$866$590$397$119
32 years$1,690$1,181$808$542$359$103
33 years$1,621$1,119$754$499$325$89
34 years$1,556$1,060$705$459$294$76
35 years$1,495$1,006$659$422$266$66
36 years$1,437$955$616$389$241$57
37 years$1,383$907$577$358$219$49
38 years$1,332$862$540$330$198$42
39 years$1,283$819$506$305$180$37
40 years$1,237$779$474$281$163$32
41 years$1,194$742$445$259$148$27
42 years$1,152$707$417$239$134$24
43 years$1,113$673$392$221$122$20
44 years$1,075$642$368$204$111$18
45 years$1,040$612$345$188$100$15
46 years$1,005$584$324$174$91$13
47 years$973$557$305$161$83$11
48 years$942$532$286$149$75$10
49 years$912$508$269$137$68$8
50 years$884$485$253$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $905,000, adding $6,658 every year, while hoping to spend $34,576 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: 52/23/25 Blend
58$905,000$905,000$905,000$905,000
59$1,004,178$956,213$942,185$1,049,077
60$1,069,815$966,279$936,960$1,090,942
61$1,140,989$975,679$930,401$1,132,385
62$1,218,227$984,344$922,426$1,176,763
63$1,302,110$992,201$912,952$1,224,368
64$1,393,278$999,172$901,888$1,275,527
65$1,492,433$1,005,171$889,142$1,330,596
66$1,600,348$1,010,112$874,615$1,389,973
67$1,717,875$1,013,899$858,206$1,454,096
68$1,845,950$1,016,432$839,808$1,523,450
69$1,985,604$1,017,603$819,308$1,598,571
70$2,137,970$1,017,300$796,589$1,680,051
71$2,304,297$1,015,402$771,529$1,768,545
72$2,485,959$1,011,781$743,999$1,864,777
73$2,684,470$1,006,301$713,866$1,969,546
74$2,901,494$998,819$680,989$2,083,736
75$3,138,867$989,181$645,222$2,208,323
76$3,398,605$977,225$606,412$2,344,385
77$3,682,934$962,780$564,397$2,493,115
78$3,994,301$945,664$519,012$2,655,827
79$4,335,402$925,684$470,082$2,833,976
80$4,709,207$902,636$417,423$3,029,166
81$5,118,984$876,303$360,845$3,243,171
82$5,568,337$846,458$300,149$3,477,946
83$6,061,230$812,858$235,128$3,735,654
84$6,602,034$775,246$165,563$4,018,679
85$7,195,560$733,352$91,228$4,329,657
86$7,847,110$686,889$11,887$4,671,494
87$8,562,523$635,554$0$5,047,400
88$9,348,230$579,026$0$5,480,332
89$10,211,317$516,966$0$5,959,430
90$11,159,592$449,017$0$6,485,905
91$12,201,651$374,800$0$7,064,595
92$13,346,970$293,916$0$7,700,831
93$14,605,985$205,942$0$8,400,491
94$15,990,195$110,432$0$9,170,056
95$17,512,267$6,916$0$10,016,672
96$19,186,160$0$0$10,948,215
97$21,027,251$0$0$11,999,972
98$23,052,482$0$0$13,158,952
99$25,280,521$0$0$14,434,099
100$27,731,935$0$0$15,837,200