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%12.6%
1 years$74,817$74,150$73,500$72,865$72,246$71,462
2 years$37,038$36,348$35,680$35,031$34,403$33,613
3 years$24,447$23,754$23,087$22,445$21,826$21,056
4 years$18,152$17,462$16,801$16,170$15,567$14,821
5 years$14,377$13,690$13,039$12,420$11,834$11,115
6 years$11,860$11,179$10,537$9,933$9,364$8,673
7 years$10,064$9,388$8,756$8,166$7,615$6,953
8 years$8,717$8,047$7,426$6,850$6,317$5,684
9 years$7,670$7,007$6,396$5,835$5,320$4,715
10 years$6,833$6,176$5,576$5,030$4,533$3,956
11 years$6,148$5,498$4,909$4,377$3,899$3,348
12 years$5,578$4,935$4,357$3,840$3,378$2,855
13 years$5,096$4,460$3,893$3,390$2,946$2,449
14 years$4,684$4,054$3,497$3,009$2,583$2,110
15 years$4,326$3,703$3,158$2,684$2,274$1,826
16 years$4,014$3,398$2,863$2,403$2,010$1,586
17 years$3,739$3,129$2,605$2,159$1,782$1,381
18 years$3,494$2,891$2,378$1,946$1,584$1,206
19 years$3,276$2,680$2,177$1,758$1,412$1,055
20 years$3,079$2,490$1,998$1,592$1,261$925
21 years$2,902$2,319$1,838$1,445$1,129$812
22 years$2,741$2,165$1,694$1,314$1,012$714
23 years$2,594$2,025$1,564$1,197$908$629
24 years$2,459$1,897$1,446$1,091$816$554
25 years$2,336$1,780$1,340$997$735$489
26 years$2,222$1,673$1,242$911$662$431
27 years$2,117$1,575$1,154$834$597$381
28 years$2,019$1,484$1,073$764$538$337
29 years$1,929$1,400$998$701$486$298
30 years$1,844$1,322$930$643$439$264
31 years$1,765$1,250$867$591$397$233
32 years$1,692$1,183$809$543$359$207
33 years$1,623$1,120$755$499$325$183
34 years$1,558$1,061$705$459$294$162
35 years$1,496$1,007$660$423$267$144
36 years$1,439$956$617$389$242$127
37 years$1,385$908$578$359$219$113
38 years$1,333$863$541$331$198$100
39 years$1,285$820$507$305$180$89
40 years$1,239$780$475$281$163$79
41 years$1,195$743$445$260$148$70
42 years$1,153$707$418$239$134$62
43 years$1,114$674$392$221$122$55
44 years$1,076$642$368$204$111$49
45 years$1,041$613$345$189$100$43
46 years$1,007$584$324$174$91$39
47 years$974$558$305$161$83$34
48 years$943$532$286$149$75$30
49 years$913$508$269$137$68$27
50 years$885$486$253$127$62$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $906,000, adding $6,298 every year, while hoping to spend $53,464 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: 89/5/6 Blend
58$906,000$906,000$906,000$906,000
59$1,004,908$956,890$942,847$1,093,630
60$1,050,524$946,893$917,547$1,142,312
61$1,099,000$934,613$889,608$1,187,651
62$1,150,573$919,884$858,885$1,235,730
63$1,205,499$902,526$825,225$1,286,785
64$1,264,061$882,351$788,472$1,341,072
65$1,326,568$859,159$748,458$1,398,873
66$1,393,358$832,738$705,012$1,460,499
67$1,464,803$802,864$657,952$1,526,291
68$1,541,308$769,300$607,089$1,596,623
69$1,623,321$731,795$552,225$1,671,909
70$1,711,330$690,084$493,155$1,752,601
71$1,805,872$643,884$429,662$1,839,199
72$1,907,538$592,901$361,523$1,932,251
73$2,016,973$536,820$288,500$2,032,361
74$2,134,889$475,309$210,350$2,140,194
75$2,262,067$408,018$126,815$2,256,481
76$2,399,363$334,576$37,629$2,382,028
77$2,547,720$254,593$0$2,517,721
78$2,708,174$167,654$0$2,668,220
79$2,881,863$73,324$0$2,833,727
80$3,070,037$0$0$3,013,033
81$3,274,074$0$0$3,209,049
82$3,495,485$0$0$3,426,139
83$3,735,936$0$0$3,661,900
84$3,997,255$0$0$3,918,126
85$4,281,457$0$0$4,196,793
86$4,590,756$0$0$4,500,073
87$4,927,591$0$0$4,830,357
88$5,294,643$0$0$5,190,275
89$5,694,865$0$0$5,582,722
90$6,131,504$0$0$6,010,884
91$6,608,137$0$0$6,478,269
92$7,128,699$0$0$6,988,736
93$7,697,525$0$0$7,546,536
94$8,319,385$0$0$8,156,348
95$8,999,531$0$0$8,823,323
96$9,743,746$0$0$9,553,132
97$10,558,399$0$0$10,352,022
98$11,450,501$0$0$11,226,869
99$12,427,774$0$0$12,185,247
100$13,498,723$0$0$13,235,497