Can I retire at age 59 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$75,230$74,559$73,906$73,268$72,644$70,773
2 years$37,242$36,549$35,877$35,225$34,593$32,720
3 years$24,582$23,885$23,214$22,569$21,947$20,131
4 years$18,252$17,558$16,894$16,260$15,653$13,908
5 years$14,456$13,766$13,111$12,489$11,899$10,230
6 years$11,926$11,241$10,595$9,987$9,415$7,824
7 years$10,119$9,440$8,805$8,211$7,657$6,143
8 years$8,765$8,092$7,467$6,888$6,352$4,916
9 years$7,712$7,045$6,431$5,867$5,350$3,988
10 years$6,870$6,210$5,607$5,058$4,558$3,271
11 years$6,182$5,529$4,936$4,402$3,920$2,705
12 years$5,609$4,962$4,381$3,861$3,397$2,252
13 years$5,125$4,484$3,914$3,409$2,962$1,885
14 years$4,710$4,076$3,517$3,026$2,597$1,584
15 years$4,350$3,724$3,175$2,698$2,286$1,337
16 years$4,036$3,416$2,879$2,416$2,021$1,131
17 years$3,759$3,146$2,620$2,171$1,792$959
18 years$3,513$2,907$2,391$1,956$1,593$815
19 years$3,294$2,694$2,189$1,768$1,420$694
20 years$3,096$2,504$2,009$1,601$1,268$592
21 years$2,918$2,332$1,848$1,453$1,135$505
22 years$2,756$2,177$1,703$1,321$1,017$432
23 years$2,608$2,036$1,573$1,203$913$369
24 years$2,473$1,908$1,454$1,097$821$316
25 years$2,349$1,790$1,347$1,002$739$271
26 years$2,234$1,683$1,249$916$665$232
27 years$2,128$1,584$1,160$839$600$199
28 years$2,030$1,492$1,078$768$541$171
29 years$1,939$1,408$1,004$705$489$146
30 years$1,854$1,329$935$647$442$126
31 years$1,775$1,257$872$594$399$108
32 years$1,701$1,189$813$546$361$93
33 years$1,631$1,126$759$502$327$80
34 years$1,566$1,067$709$462$296$68
35 years$1,505$1,012$663$425$268$59
36 years$1,447$961$620$392$243$50
37 years$1,392$913$581$361$220$43
38 years$1,341$867$544$333$200$37
39 years$1,292$825$509$307$181$32
40 years$1,245$785$478$283$164$28
41 years$1,202$747$448$261$149$24
42 years$1,160$711$420$241$135$20
43 years$1,120$678$394$222$123$17
44 years$1,082$646$370$205$111$15
45 years$1,046$616$347$190$101$13
46 years$1,012$588$326$175$92$11
47 years$979$561$307$162$83$10
48 years$948$535$288$149$76$8
49 years$918$511$271$138$69$7
50 years$889$488$255$128$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $911,000, adding $5,370 every year, while hoping to spend $58,882 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: 77/12/11 Blend
58$911,000$911,000$911,000$911,000
59$1,009,461$961,178$947,058$1,084,739
60$1,049,776$945,626$916,134$1,119,483
61$1,092,230$927,338$882,201$1,149,521
62$1,136,978$906,119$845,096$1,180,781
63$1,184,191$881,759$804,648$1,213,364
64$1,234,054$854,041$760,679$1,247,377
65$1,286,768$822,730$713,002$1,282,943
66$1,342,555$787,580$661,425$1,320,195
67$1,401,656$748,331$605,742$1,359,283
68$1,464,332$704,707$545,742$1,400,370
69$1,530,872$656,416$481,202$1,443,638
70$1,601,591$603,150$411,892$1,489,291
71$1,676,831$544,583$337,569$1,537,551
72$1,756,970$480,370$257,980$1,588,666
73$1,842,421$410,147$172,861$1,642,910
74$1,933,633$333,530$81,938$1,700,586
75$2,031,103$250,112$0$1,762,032
76$2,135,373$159,465$0$1,829,390
77$2,247,036$61,134$0$1,911,680
78$2,366,746$0$0$1,999,768
79$2,495,217$0$0$2,100,186
80$2,633,234$0$0$2,216,760
81$2,781,660$0$0$2,342,150
82$2,941,440$0$0$2,477,156
83$3,113,613$0$0$2,622,660
84$3,299,320$0$0$2,779,631
85$3,499,816$0$0$2,949,130
86$3,716,477$0$0$3,132,326
87$3,950,817$0$0$3,330,503
88$4,204,500$0$0$3,545,073
89$4,479,356$0$0$3,777,588
90$4,777,396$0$0$4,029,752
91$5,100,833$0$0$4,303,443
92$5,452,099$0$0$4,600,724
93$5,833,869$0$0$4,923,865
94$6,249,089$0$0$5,275,364
95$6,700,996$0$0$5,657,967
96$7,193,154$0$0$6,074,698
97$7,729,485$0$0$6,528,883
98$8,314,304$0$0$7,024,184
99$8,952,363$0$0$7,564,631
100$9,648,888$0$0$8,154,659