Can I retire at age 59 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$75,064$74,396$73,743$73,107$72,485$72,058
2 years$37,161$36,468$35,798$35,147$34,517$34,086
3 years$24,528$23,833$23,164$22,519$21,899$21,478
4 years$18,212$17,519$16,857$16,224$15,618$15,210
5 years$14,424$13,735$13,082$12,462$11,873$11,479
6 years$11,900$11,216$10,572$9,966$9,395$9,015
7 years$10,097$9,419$8,785$8,193$7,640$7,275
8 years$8,746$8,074$7,451$6,873$6,338$5,988
9 years$7,695$7,030$6,417$5,854$5,338$5,002
10 years$6,855$6,196$5,595$5,047$4,548$4,227
11 years$6,169$5,516$4,926$4,392$3,912$3,605
12 years$5,597$4,951$4,371$3,852$3,390$3,097
13 years$5,113$4,474$3,905$3,401$2,956$2,676
14 years$4,699$4,067$3,509$3,019$2,591$2,325
15 years$4,341$3,715$3,168$2,692$2,281$2,028
16 years$4,027$3,409$2,872$2,411$2,016$1,776
17 years$3,751$3,139$2,614$2,166$1,788$1,560
18 years$3,506$2,901$2,386$1,952$1,590$1,373
19 years$3,286$2,689$2,184$1,764$1,417$1,212
20 years$3,089$2,498$2,005$1,598$1,266$1,072
21 years$2,911$2,327$1,844$1,450$1,133$950
22 years$2,750$2,172$1,699$1,318$1,015$842
23 years$2,602$2,032$1,569$1,201$911$748
24 years$2,467$1,904$1,451$1,095$819$666
25 years$2,344$1,786$1,344$1,000$737$593
26 years$2,229$1,679$1,247$914$664$528
27 years$2,124$1,580$1,158$837$599$471
28 years$2,026$1,489$1,076$767$540$420
29 years$1,935$1,405$1,001$703$488$375
30 years$1,850$1,326$933$645$441$335
31 years$1,771$1,254$870$593$398$300
32 years$1,697$1,187$811$545$360$268
33 years$1,628$1,124$758$501$326$240
34 years$1,563$1,065$708$461$295$215
35 years$1,501$1,010$662$424$267$192
36 years$1,444$959$619$391$242$172
37 years$1,389$911$579$360$220$154
38 years$1,338$865$543$332$199$138
39 years$1,289$823$508$306$181$124
40 years$1,243$783$476$282$164$111
41 years$1,199$745$447$260$149$99
42 years$1,157$710$419$240$135$89
43 years$1,118$676$393$222$122$80
44 years$1,080$645$369$205$111$72
45 years$1,044$615$347$189$101$64
46 years$1,010$586$326$175$92$58
47 years$977$560$306$161$83$52
48 years$946$534$287$149$75$46
49 years$916$510$270$138$69$42
50 years$888$487$254$127$62$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $909,000, adding $4,357 every year, while hoping to spend $26,559 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: 44/50/6 Blend
58$909,000$909,000$909,000$909,000
59$1,006,212$958,035$943,946$1,048,595
60$1,080,587$976,720$947,309$1,097,005
61$1,161,659$995,431$949,896$1,146,352
62$1,250,081$1,014,140$951,650$1,199,214
63$1,346,575$1,032,819$952,516$1,255,921
64$1,451,935$1,051,436$952,435$1,316,837
65$1,567,033$1,069,958$951,343$1,382,365
66$1,692,833$1,088,348$949,174$1,452,947
67$1,830,391$1,106,567$945,862$1,529,074
68$1,980,875$1,124,572$941,332$1,611,282
69$2,145,567$1,142,319$935,509$1,700,167
70$2,325,881$1,159,759$928,315$1,796,382
71$2,523,373$1,176,839$919,666$1,900,651
72$2,739,758$1,193,505$909,475$2,013,770
73$2,976,922$1,209,695$897,651$2,136,617
74$3,236,944$1,225,347$884,099$2,270,161
75$3,522,115$1,240,391$868,719$2,415,470
76$3,834,956$1,254,755$851,406$2,573,722
77$4,178,244$1,268,361$832,051$2,746,216
78$4,555,040$1,281,126$810,539$2,934,386
79$4,968,713$1,292,960$786,752$3,139,811
80$5,422,977$1,303,770$760,562$3,364,234
81$5,921,920$1,313,454$731,841$3,609,578
82$6,470,048$1,321,905$700,449$3,877,962
83$7,072,323$1,329,010$666,245$4,171,725
84$7,734,215$1,334,646$629,079$4,493,444
85$8,461,745$1,338,684$588,794$4,845,962
86$9,261,551$1,340,987$545,226$5,232,417
87$10,140,943$1,341,410$498,205$5,656,265
88$11,107,977$1,339,796$447,553$6,121,320
89$12,171,527$1,335,983$393,082$6,631,787
90$13,341,371$1,329,794$334,599$7,192,305
91$14,628,282$1,321,045$271,899$7,807,986
92$16,044,130$1,309,539$204,770$8,484,472
93$17,601,993$1,295,068$132,992$9,227,978
94$19,316,281$1,277,411$56,331$10,045,364
95$21,202,871$1,256,334$0$10,944,190
96$23,279,257$1,231,588$0$11,934,423
97$25,564,716$1,202,910$0$13,027,581
98$28,080,488$1,170,024$0$14,230,206
99$30,849,976$1,132,633$0$15,553,491
100$33,898,968$1,090,427$0$17,009,777