Can I retire at age 59 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$75,147$74,478$73,825$73,187$72,565$70,753
2 years$37,201$36,509$35,837$35,186$34,555$32,741
3 years$24,555$23,859$23,189$22,544$21,923$20,164
4 years$18,232$17,539$16,876$16,242$15,636$13,945
5 years$14,440$13,751$13,096$12,475$11,886$10,268
6 years$11,913$11,228$10,584$9,977$9,405$7,861
7 years$10,108$9,430$8,795$8,202$7,649$6,180
8 years$8,755$8,083$7,459$6,881$6,345$4,950
9 years$7,704$7,038$6,424$5,861$5,344$4,022
10 years$6,863$6,203$5,601$5,052$4,553$3,302
11 years$6,175$5,522$4,931$4,397$3,916$2,734
12 years$5,603$4,957$4,376$3,857$3,393$2,279
13 years$5,119$4,479$3,910$3,405$2,959$1,910
14 years$4,704$4,072$3,513$3,022$2,594$1,608
15 years$4,345$3,719$3,172$2,695$2,284$1,358
16 years$4,032$3,413$2,876$2,413$2,019$1,151
17 years$3,755$3,143$2,617$2,168$1,790$978
18 years$3,510$2,904$2,389$1,954$1,591$832
19 years$3,290$2,692$2,187$1,766$1,418$710
20 years$3,093$2,501$2,007$1,599$1,267$606
21 years$2,915$2,330$1,846$1,451$1,134$518
22 years$2,753$2,175$1,701$1,320$1,016$443
23 years$2,605$2,034$1,571$1,202$912$380
24 years$2,470$1,906$1,453$1,096$820$326
25 years$2,346$1,788$1,346$1,001$738$279
26 years$2,232$1,681$1,248$915$665$240
27 years$2,126$1,582$1,159$838$599$206
28 years$2,028$1,491$1,077$768$541$177
29 years$1,937$1,406$1,003$704$488$152
30 years$1,852$1,328$934$646$441$131
31 years$1,773$1,255$871$593$399$112
32 years$1,699$1,188$812$545$361$97
33 years$1,630$1,125$758$501$326$83
34 years$1,564$1,066$709$461$296$72
35 years$1,503$1,011$662$425$268$62
36 years$1,445$960$620$391$243$53
37 years$1,391$912$580$360$220$46
38 years$1,339$866$543$332$199$39
39 years$1,290$824$509$306$181$34
40 years$1,244$784$477$283$164$29
41 years$1,200$746$447$261$149$25
42 years$1,159$711$420$241$135$22
43 years$1,119$677$394$222$122$19
44 years$1,081$645$370$205$111$16
45 years$1,045$615$347$189$101$14
46 years$1,011$587$326$175$92$12
47 years$978$560$306$162$83$10
48 years$947$535$288$149$76$9
49 years$917$511$270$138$69$8
50 years$888$488$254$128$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $910,000, adding $5,647 every year, while hoping to spend $44,387 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: 63/19/18 Blend
58$910,000$910,000$910,000$910,000
59$1,008,645$960,415$946,310$1,067,260
60$1,064,299$960,248$930,784$1,107,200
61$1,124,143$958,585$913,250$1,145,272
62$1,188,556$955,306$893,594$1,185,804
63$1,257,956$950,283$871,697$1,229,037
64$1,332,802$943,382$847,434$1,275,241
65$1,413,599$934,458$820,674$1,324,712
66$1,500,899$923,360$791,280$1,377,779
67$1,595,312$909,927$759,109$1,434,807
68$1,697,507$893,986$724,012$1,496,198
69$1,808,220$875,358$685,833$1,562,397
70$1,928,258$853,850$644,408$1,633,899
71$2,058,511$829,260$599,567$1,711,247
72$2,199,958$801,373$551,132$1,795,046
73$2,353,675$769,961$498,915$1,885,962
74$2,520,843$734,783$442,723$1,984,733
75$2,702,767$695,584$382,351$2,092,175
76$2,900,877$652,096$317,589$2,209,188
77$3,116,752$604,034$248,213$2,336,771
78$3,352,125$551,096$173,993$2,476,023
79$3,608,907$492,965$94,686$2,628,164
80$3,889,198$429,303$10,041$2,794,537
81$4,195,313$359,756$0$2,976,631
82$4,529,798$283,947$0$3,191,507
83$4,895,458$201,481$0$3,428,620
84$5,295,379$111,937$0$3,688,099
85$5,732,960$14,875$0$3,972,215
86$6,211,944$0$0$4,283,474
87$6,736,452$0$0$4,643,490
88$7,311,024$0$0$5,041,341
89$7,940,656$0$0$5,477,386
90$8,630,855$0$0$5,955,445
91$9,387,681$0$0$6,479,726
92$10,217,812$0$0$7,054,864
93$11,128,604$0$0$7,685,963
94$12,128,156$0$0$8,378,646
95$13,225,393$0$0$9,139,108
96$14,430,143$0$0$9,974,171
97$15,753,233$0$0$10,891,351
98$17,206,593$0$0$11,898,927
99$18,803,360$0$0$13,006,021
100$20,558,011$0$0$14,222,680