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%17.9%
1 years$75,230$74,559$73,906$73,268$72,644$70,319
2 years$37,242$36,549$35,877$35,225$34,593$32,271
3 years$24,582$23,885$23,214$22,569$21,947$19,702
4 years$18,252$17,558$16,894$16,260$15,653$13,502
5 years$14,456$13,766$13,111$12,489$11,899$9,848
6 years$11,926$11,241$10,595$9,987$9,415$7,466
7 years$10,119$9,440$8,805$8,211$7,657$5,810
8 years$8,765$8,092$7,467$6,888$6,352$4,605
9 years$7,712$7,045$6,431$5,867$5,350$3,700
10 years$6,870$6,210$5,607$5,058$4,558$3,004
11 years$6,182$5,529$4,936$4,402$3,920$2,459
12 years$5,609$4,962$4,381$3,861$3,397$2,026
13 years$5,125$4,484$3,914$3,409$2,962$1,677
14 years$4,710$4,076$3,517$3,026$2,597$1,394
15 years$4,350$3,724$3,175$2,698$2,286$1,163
16 years$4,036$3,416$2,879$2,416$2,021$973
17 years$3,759$3,146$2,620$2,171$1,792$816
18 years$3,513$2,907$2,391$1,956$1,593$685
19 years$3,294$2,694$2,189$1,768$1,420$576
20 years$3,096$2,504$2,009$1,601$1,268$485
21 years$2,918$2,332$1,848$1,453$1,135$409
22 years$2,756$2,177$1,703$1,321$1,017$345
23 years$2,608$2,036$1,573$1,203$913$292
24 years$2,473$1,908$1,454$1,097$821$247
25 years$2,349$1,790$1,347$1,002$739$209
26 years$2,234$1,683$1,249$916$665$176
27 years$2,128$1,584$1,160$839$600$149
28 years$2,030$1,492$1,078$768$541$126
29 years$1,939$1,408$1,004$705$489$107
30 years$1,854$1,329$935$647$442$91
31 years$1,775$1,257$872$594$399$77
32 years$1,701$1,189$813$546$361$65
33 years$1,631$1,126$759$502$327$55
34 years$1,566$1,067$709$462$296$47
35 years$1,505$1,012$663$425$268$40
36 years$1,447$961$620$392$243$34
37 years$1,392$913$581$361$220$29
38 years$1,341$867$544$333$200$24
39 years$1,292$825$509$307$181$20
40 years$1,245$785$478$283$164$17
41 years$1,202$747$448$261$149$15
42 years$1,160$711$420$241$135$12
43 years$1,120$678$394$222$123$11
44 years$1,082$646$370$205$111$9
45 years$1,046$616$347$190$101$8
46 years$1,012$588$326$175$92$6
47 years$979$561$307$162$83$5
48 years$948$535$288$149$76$5
49 years$918$511$271$138$69$4
50 years$889$488$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $911,000, adding $4,758 every year, while hoping to spend $26,056 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: 67/6/27 Blend
58$911,000$911,000$911,000$911,000
59$1,008,830$960,547$946,426$1,069,018
60$1,084,007$979,890$950,408$1,129,474
61$1,165,979$999,308$953,650$1,192,194
62$1,255,412$1,018,777$956,100$1,260,207
63$1,353,037$1,038,270$957,703$1,334,036
64$1,459,662$1,057,760$958,401$1,414,260
65$1,576,173$1,077,217$958,134$1,501,515
66$1,703,550$1,096,607$956,838$1,596,502
67$1,842,866$1,115,896$954,446$1,699,997
68$1,995,308$1,135,044$950,890$1,812,851
69$2,162,180$1,154,012$946,095$1,936,005
70$2,344,918$1,172,754$939,985$2,070,495
71$2,545,105$1,191,224$932,480$2,217,465
72$2,764,483$1,209,371$923,495$2,378,173
73$3,004,970$1,227,140$912,941$2,554,010
74$3,268,679$1,244,473$900,728$2,746,505
75$3,557,939$1,261,306$886,757$2,957,347
76$3,875,313$1,277,574$870,927$3,188,395
77$4,223,625$1,293,205$853,133$3,441,701
78$4,605,985$1,308,123$833,263$3,719,526
79$5,025,819$1,322,245$811,201$4,024,362
80$5,486,903$1,335,484$786,826$4,358,956
81$5,993,393$1,347,749$760,011$4,726,337
82$6,549,870$1,358,939$730,622$5,129,845
83$7,161,380$1,368,951$698,521$5,573,158
84$7,833,481$1,377,670$663,563$6,060,335
85$8,572,299$1,384,979$625,595$6,595,846
86$9,384,580$1,390,749$584,459$7,184,623
87$10,277,758$1,394,847$539,989$7,832,097
88$11,260,022$1,397,127$492,011$8,544,260
89$12,340,396$1,397,438$440,345$9,327,713
90$13,528,822$1,395,618$384,802$10,189,734
91$14,836,253$1,391,494$325,184$11,138,345
92$16,274,757$1,384,884$261,284$12,182,387
93$17,857,633$1,375,594$192,888$13,331,607
94$19,599,533$1,363,419$119,771$14,596,746
95$21,516,599$1,348,141$41,697$15,989,647
96$23,626,620$1,329,528$0$17,523,359
97$25,949,197$1,307,336$0$19,224,258
98$28,505,925$1,281,305$0$21,109,807
99$31,320,601$1,251,161$0$23,185,534
100$34,419,447$1,216,613$0$25,470,780