Can I retire at age 59 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$74,899$74,232$73,581$72,946$72,325$70,010
2 years$37,079$36,388$35,719$35,070$34,441$32,130
3 years$24,474$23,780$23,113$22,470$21,851$19,616
4 years$18,172$17,481$16,820$16,188$15,584$13,443
5 years$14,393$13,705$13,053$12,434$11,847$9,805
6 years$11,873$11,191$10,549$9,944$9,374$7,434
7 years$10,075$9,398$8,766$8,175$7,624$5,784
8 years$8,726$8,056$7,434$6,858$6,324$4,585
9 years$7,678$7,014$6,403$5,841$5,326$3,684
10 years$6,840$6,183$5,582$5,035$4,538$2,991
11 years$6,155$5,504$4,915$4,382$3,903$2,448
12 years$5,584$4,940$4,362$3,844$3,382$2,017
13 years$5,102$4,465$3,897$3,394$2,949$1,670
14 years$4,689$4,058$3,501$3,012$2,585$1,388
15 years$4,331$3,707$3,161$2,687$2,276$1,158
16 years$4,018$3,401$2,866$2,406$2,012$969
17 years$3,743$3,132$2,608$2,161$1,784$812
18 years$3,498$2,895$2,381$1,948$1,586$682
19 years$3,279$2,683$2,180$1,760$1,414$574
20 years$3,083$2,493$2,000$1,594$1,263$483
21 years$2,905$2,322$1,840$1,447$1,130$407
22 years$2,744$2,167$1,696$1,315$1,013$344
23 years$2,597$2,027$1,566$1,198$909$291
24 years$2,462$1,899$1,448$1,093$817$246
25 years$2,338$1,782$1,341$998$735$208
26 years$2,224$1,675$1,244$912$662$176
27 years$2,119$1,577$1,155$835$597$149
28 years$2,022$1,486$1,074$765$539$126
29 years$1,931$1,401$999$702$487$107
30 years$1,846$1,324$931$644$440$90
31 years$1,767$1,251$868$591$398$77
32 years$1,694$1,184$810$544$360$65
33 years$1,624$1,121$756$500$325$55
34 years$1,559$1,063$706$460$295$47
35 years$1,498$1,008$660$423$267$39
36 years$1,441$957$618$390$242$33
37 years$1,386$909$578$359$219$28
38 years$1,335$863$541$331$199$24
39 years$1,286$821$507$305$180$20
40 years$1,240$781$475$282$163$17
41 years$1,196$744$446$260$148$15
42 years$1,155$708$418$240$135$12
43 years$1,115$675$392$221$122$11
44 years$1,078$643$368$204$111$9
45 years$1,042$613$346$189$101$8
46 years$1,008$585$325$174$91$6
47 years$975$558$305$161$83$5
48 years$944$533$287$149$75$5
49 years$914$509$270$138$68$4
50 years$886$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $907,000, adding $3,012 every year, while hoping to spend $35,520 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: 38/38/24 Blend
58$907,000$907,000$907,000$907,000
59$1,002,621$954,550$940,491$1,033,436
60$1,067,095$963,530$934,205$1,065,132
61$1,136,955$971,759$926,517$1,095,838
62$1,212,713$979,164$917,344$1,128,319
63$1,294,932$985,665$906,597$1,162,757
64$1,384,230$991,178$894,183$1,199,356
65$1,481,290$995,613$880,006$1,238,340
66$1,586,859$998,876$863,964$1,279,960
67$1,701,762$1,000,864$845,950$1,324,495
68$1,826,906$1,001,471$825,854$1,372,255
69$1,963,289$1,000,581$803,558$1,423,581
70$2,112,009$998,075$778,942$1,478,858
71$2,274,275$993,822$751,878$1,538,506
72$2,451,418$987,686$722,233$1,602,997
73$2,644,903$979,522$689,868$1,672,852
74$2,856,341$969,177$654,636$1,748,647
75$3,087,508$956,487$616,387$1,831,025
76$3,340,358$941,280$574,961$1,920,695
77$3,617,044$923,372$530,191$2,018,445
78$3,919,935$902,569$481,905$2,125,147
79$4,251,640$878,667$429,920$2,241,765
80$4,615,033$851,447$374,049$2,369,371
81$5,013,279$820,680$314,091$2,509,149
82$5,449,862$786,122$249,842$2,662,411
83$5,928,621$747,516$181,085$2,830,606
84$6,453,785$704,588$107,596$3,015,342
85$7,030,009$657,051$29,138$3,218,396
86$7,662,422$604,599$0$3,441,733
87$8,356,676$546,911$0$3,701,506
88$9,118,993$483,646$0$3,995,013
89$9,956,230$414,444$0$4,317,511
90$10,875,938$338,925$0$4,672,010
91$11,886,438$256,687$0$5,061,834
92$12,996,896$167,305$0$5,490,651
93$14,217,408$70,332$0$5,962,511
94$15,559,100$0$0$6,481,883
95$17,034,227$0$0$7,068,211
96$18,656,292$0$0$7,745,419
97$20,440,172$0$0$8,490,323
98$22,402,257$0$0$9,309,786
99$24,560,606$0$0$10,211,367
100$26,935,117$0$0$11,203,398