Can I retire at age 59 with 907,000?

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 $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%17.1%
1 years$74,899$74,232$73,581$72,946$72,325$70,235
2 years$37,079$36,388$35,719$35,070$34,441$32,352
3 years$24,474$23,780$23,113$22,470$21,851$19,828
4 years$18,172$17,481$16,820$16,188$15,584$13,643
5 years$14,393$13,705$13,053$12,434$11,847$9,993
6 years$11,873$11,191$10,549$9,944$9,374$7,609
7 years$10,075$9,398$8,766$8,175$7,624$5,948
8 years$8,726$8,056$7,434$6,858$6,324$4,737
9 years$7,678$7,014$6,403$5,841$5,326$3,825
10 years$6,840$6,183$5,582$5,035$4,538$3,121
11 years$6,155$5,504$4,915$4,382$3,903$2,568
12 years$5,584$4,940$4,362$3,844$3,382$2,127
13 years$5,102$4,465$3,897$3,394$2,949$1,770
14 years$4,689$4,058$3,501$3,012$2,585$1,480
15 years$4,331$3,707$3,161$2,687$2,276$1,241
16 years$4,018$3,401$2,866$2,406$2,012$1,044
17 years$3,743$3,132$2,608$2,161$1,784$881
18 years$3,498$2,895$2,381$1,948$1,586$744
19 years$3,279$2,683$2,180$1,760$1,414$630
20 years$3,083$2,493$2,000$1,594$1,263$534
21 years$2,905$2,322$1,840$1,447$1,130$453
22 years$2,744$2,167$1,696$1,315$1,013$385
23 years$2,597$2,027$1,566$1,198$909$327
24 years$2,462$1,899$1,448$1,093$817$278
25 years$2,338$1,782$1,341$998$735$237
26 years$2,224$1,675$1,244$912$662$202
27 years$2,119$1,577$1,155$835$597$172
28 years$2,022$1,486$1,074$765$539$146
29 years$1,931$1,401$999$702$487$125
30 years$1,846$1,324$931$644$440$106
31 years$1,767$1,251$868$591$398$91
32 years$1,694$1,184$810$544$360$77
33 years$1,624$1,121$756$500$325$66
34 years$1,559$1,063$706$460$295$56
35 years$1,498$1,008$660$423$267$48
36 years$1,441$957$618$390$242$41
37 years$1,386$909$578$359$219$35
38 years$1,335$863$541$331$199$30
39 years$1,286$821$507$305$180$26
40 years$1,240$781$475$282$163$22
41 years$1,196$744$446$260$148$19
42 years$1,155$708$418$240$135$16
43 years$1,115$675$392$221$122$14
44 years$1,078$643$368$204$111$12
45 years$1,042$613$346$189$101$10
46 years$1,008$585$325$174$91$8
47 years$975$558$305$161$83$7
48 years$944$533$287$149$75$6
49 years$914$509$270$138$68$5
50 years$886$486$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $907,000, adding $2,390 every year, while hoping to spend $59,010 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: 58/20/22 Blend
58$907,000$907,000$907,000$907,000
59$1,001,979$953,908$939,850$1,054,061
60$1,041,395$937,864$908,549$1,073,751
61$1,082,853$919,055$874,221$1,088,649
62$1,126,500$897,285$836,703$1,103,605
63$1,172,495$872,343$795,825$1,118,636
64$1,221,011$844,009$751,406$1,133,767
65$1,272,236$812,048$703,260$1,149,026
66$1,326,376$776,211$651,192$1,164,450
67$1,383,657$736,235$594,997$1,180,079
68$1,444,323$691,844$534,462$1,195,965
69$1,508,642$642,742$469,365$1,212,166
70$1,576,907$588,620$399,472$1,228,752
71$1,649,439$529,150$324,542$1,245,803
72$1,726,586$463,983$244,319$1,263,413
73$1,808,734$392,753$158,539$1,281,689
74$1,896,300$315,074$66,925$1,300,757
75$1,989,745$230,535$0$1,320,758
76$2,089,572$138,704$0$1,349,095
77$2,196,333$39,125$0$1,395,950
78$2,310,633$0$0$1,445,881
79$2,433,135$0$0$1,514,322
80$2,564,567$0$0$1,597,041
81$2,705,728$0$0$1,685,939
82$2,857,493$0$0$1,781,572
83$3,020,826$0$0$1,884,556
84$3,196,782$0$0$1,995,564
85$3,386,523$0$0$2,115,336
86$3,591,323$0$0$2,244,687
87$3,812,582$0$0$2,384,508
88$4,051,841$0$0$2,535,784
89$4,310,792$0$0$2,699,594
90$4,591,293$0$0$2,877,125
91$4,895,391$0$0$3,069,683
92$5,225,334$0$0$3,278,703
93$5,583,596$0$0$3,505,764
94$5,972,896$0$0$3,752,603
95$6,396,228$0$0$4,021,132
96$6,856,884$0$0$4,313,452
97$7,358,487$0$0$4,631,876
98$7,905,022$0$0$4,978,951
99$8,500,877$0$0$5,357,479
100$9,150,879$0$0$5,770,542