Can I retire at age 59 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$74,817$74,150$73,500$72,865$72,246$71,313
2 years$37,038$36,348$35,680$35,031$34,403$33,465
3 years$24,447$23,754$23,087$22,445$21,826$20,912
4 years$18,152$17,462$16,801$16,170$15,567$14,683
5 years$14,377$13,690$13,039$12,420$11,834$10,983
6 years$11,860$11,179$10,537$9,933$9,364$8,547
7 years$10,064$9,388$8,756$8,166$7,615$6,833
8 years$8,717$8,047$7,426$6,850$6,317$5,570
9 years$7,670$7,007$6,396$5,835$5,320$4,606
10 years$6,833$6,176$5,576$5,030$4,533$3,853
11 years$6,148$5,498$4,909$4,377$3,899$3,251
12 years$5,578$4,935$4,357$3,840$3,378$2,763
13 years$5,096$4,460$3,893$3,390$2,946$2,362
14 years$4,684$4,054$3,497$3,009$2,583$2,029
15 years$4,326$3,703$3,158$2,684$2,274$1,750
16 years$4,014$3,398$2,863$2,403$2,010$1,515
17 years$3,739$3,129$2,605$2,159$1,782$1,314
18 years$3,494$2,891$2,378$1,946$1,584$1,144
19 years$3,276$2,680$2,177$1,758$1,412$997
20 years$3,079$2,490$1,998$1,592$1,261$871
21 years$2,902$2,319$1,838$1,445$1,129$762
22 years$2,741$2,165$1,694$1,314$1,012$667
23 years$2,594$2,025$1,564$1,197$908$585
24 years$2,459$1,897$1,446$1,091$816$514
25 years$2,336$1,780$1,340$997$735$451
26 years$2,222$1,673$1,242$911$662$397
27 years$2,117$1,575$1,154$834$597$349
28 years$2,019$1,484$1,073$764$538$307
29 years$1,929$1,400$998$701$486$271
30 years$1,844$1,322$930$643$439$239
31 years$1,765$1,250$867$591$397$210
32 years$1,692$1,183$809$543$359$185
33 years$1,623$1,120$755$499$325$164
34 years$1,558$1,061$705$459$294$144
35 years$1,496$1,007$660$423$267$127
36 years$1,439$956$617$389$242$112
37 years$1,385$908$578$359$219$99
38 years$1,333$863$541$331$198$88
39 years$1,285$820$507$305$180$77
40 years$1,239$780$475$281$163$68
41 years$1,195$743$445$260$148$60
42 years$1,153$707$418$239$134$53
43 years$1,114$674$392$221$122$47
44 years$1,076$642$368$204$111$42
45 years$1,041$613$345$189$100$37
46 years$1,007$584$324$174$91$33
47 years$974$558$305$161$83$29
48 years$943$532$286$149$75$25
49 years$913$508$269$137$68$22
50 years$885$486$253$127$62$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $906,000, adding $4,530 every year, while hoping to spend $37,987 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: 78/11/11 Blend
58$906,000$906,000$906,000$906,000
59$1,003,085$955,067$941,024$1,078,983
60$1,064,981$961,447$932,130$1,135,908
61$1,131,919$966,867$921,665$1,192,993
62$1,204,370$971,239$909,537$1,254,512
63$1,282,857$974,471$895,647$1,320,890
64$1,367,952$976,464$879,895$1,392,597
65$1,460,285$977,113$862,174$1,470,152
66$1,560,550$976,307$842,373$1,554,123
67$1,669,508$973,928$820,375$1,645,140
68$1,787,999$969,851$796,057$1,743,894
69$1,916,943$963,942$769,294$1,851,150
70$2,057,357$956,061$739,951$1,967,748
71$2,210,357$946,058$707,889$2,094,615
72$2,377,172$933,773$672,961$2,232,773
73$2,559,154$919,039$635,017$2,383,348
74$2,757,794$901,678$593,896$2,547,582
75$2,974,730$881,501$549,432$2,726,842
76$3,211,766$858,308$501,451$2,922,637
77$3,470,888$831,887$449,772$3,136,630
78$3,754,283$802,015$394,205$3,370,652
79$4,064,360$768,453$334,551$3,626,725
80$4,403,770$730,952$270,603$3,907,074
81$4,775,432$689,247$202,146$4,214,155
82$5,182,562$643,055$128,953$4,550,673
83$5,628,700$592,082$50,790$4,919,611
84$6,117,746$536,012$0$5,324,256
85$6,653,994$474,515$0$5,772,063
86$7,242,176$407,241$0$6,269,808
87$7,887,500$333,818$0$6,815,960
88$8,595,706$253,856$0$7,415,405
89$9,373,115$166,942$0$8,073,529
90$10,226,690$72,639$0$8,796,268
91$11,164,102$0$0$9,590,162
92$12,193,799$0$0$10,465,988
93$13,325,091$0$0$11,437,919
94$14,568,232$0$0$12,505,976
95$15,934,518$0$0$13,679,868
96$17,436,397$0$0$14,970,293
97$19,087,578$0$0$16,389,036
98$20,903,168$0$0$17,949,082
99$22,899,812$0$0$19,664,736
100$25,095,846$0$0$21,551,759