Can I retire at age 59 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$75,312$74,641$73,987$73,348$72,724$71,637
2 years$37,283$36,589$35,916$35,263$34,631$33,538
3 years$24,609$23,911$23,240$22,594$21,971$20,907
4 years$18,273$17,577$16,913$16,277$15,670$14,642
5 years$14,472$13,781$13,125$12,503$11,912$10,924
6 years$11,939$11,253$10,607$9,998$9,426$8,478
7 years$10,130$9,450$8,814$8,220$7,666$6,759
8 years$8,775$8,101$7,475$6,896$6,359$5,494
9 years$7,721$7,053$6,438$5,874$5,355$4,530
10 years$6,878$6,217$5,613$5,063$4,563$3,777
11 years$6,189$5,535$4,942$4,406$3,924$3,178
12 years$5,615$4,968$4,386$3,865$3,401$2,692
13 years$5,130$4,489$3,918$3,412$2,966$2,294
14 years$4,715$4,081$3,521$3,029$2,600$1,964
15 years$4,355$3,728$3,179$2,701$2,289$1,688
16 years$4,041$3,420$2,882$2,419$2,023$1,456
17 years$3,763$3,150$2,622$2,173$1,794$1,259
18 years$3,517$2,911$2,394$1,959$1,595$1,091
19 years$3,297$2,697$2,192$1,770$1,422$948
20 years$3,100$2,507$2,011$1,603$1,270$825
21 years$2,921$2,335$1,850$1,455$1,136$719
22 years$2,759$2,179$1,705$1,323$1,019$627
23 years$2,611$2,038$1,574$1,205$914$548
24 years$2,476$1,910$1,456$1,099$822$479
25 years$2,351$1,792$1,349$1,003$739$419
26 years$2,237$1,684$1,251$917$666$367
27 years$2,131$1,585$1,161$840$601$322
28 years$2,033$1,494$1,080$769$542$282
29 years$1,941$1,409$1,005$705$489$248
30 years$1,856$1,331$936$647$442$217
31 years$1,777$1,258$872$595$400$191
32 years$1,703$1,190$814$547$362$167
33 years$1,633$1,127$760$503$327$147
34 years$1,568$1,068$710$462$296$129
35 years$1,506$1,013$664$426$268$114
36 years$1,448$962$621$392$243$100
37 years$1,394$914$581$361$220$88
38 years$1,342$868$544$333$200$77
39 years$1,293$826$510$307$181$68
40 years$1,247$785$478$283$164$60
41 years$1,203$748$448$261$149$53
42 years$1,161$712$420$241$135$46
43 years$1,121$678$395$223$123$41
44 years$1,084$647$370$205$111$36
45 years$1,048$617$348$190$101$31
46 years$1,013$588$327$175$92$28
47 years$980$561$307$162$83$24
48 years$949$536$288$150$76$21
49 years$919$512$271$138$69$19
50 years$890$489$255$128$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $912,000, adding $6,082 every year, while hoping to spend $46,636 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: 30/42/28 Blend
58$912,000$912,000$912,000$912,000
59$1,011,298$962,962$948,826$1,032,788
60$1,064,830$960,526$930,991$1,047,637
61$1,122,259$956,409$910,996$1,059,117
62$1,183,934$950,477$888,718$1,070,544
63$1,250,236$942,592$864,032$1,081,947
64$1,321,586$932,605$836,803$1,093,359
65$1,398,444$920,359$806,892$1,104,825
66$1,481,316$905,687$774,154$1,116,395
67$1,570,759$888,414$738,436$1,128,133
68$1,667,383$868,353$699,580$1,140,112
69$1,771,859$845,305$657,420$1,152,418
70$1,884,926$819,062$611,780$1,165,153
71$2,007,394$789,402$562,480$1,178,436
72$2,140,155$756,090$509,330$1,192,403
73$2,284,190$718,877$452,132$1,207,211
74$2,440,577$677,502$390,678$1,223,042
75$2,610,503$631,687$324,753$1,240,103
76$2,795,272$581,137$254,130$1,258,631
77$2,996,321$525,544$178,575$1,278,895
78$3,215,228$464,578$97,839$1,301,203
79$3,453,733$397,894$11,668$1,325,902
80$3,713,747$325,124$0$1,353,385
81$3,997,376$245,882$0$1,408,086
82$4,306,938$159,759$0$1,471,797
83$4,644,982$66,324$0$1,541,681
84$5,014,317$0$0$1,618,465
85$5,418,034$0$0$1,719,079
86$5,859,536$0$0$1,862,767
87$6,342,571$0$0$2,020,115
88$6,871,264$0$0$2,192,484
89$7,450,158$0$0$2,381,373
90$8,084,258$0$0$2,588,434
91$8,779,073$0$0$2,815,487
92$9,540,671$0$0$3,064,535
93$10,375,735$0$0$3,337,784
94$11,291,626$0$0$3,637,666
95$12,296,452$0$0$3,966,858
96$13,399,141$0$0$4,328,309
97$14,609,531$0$0$4,725,269
98$15,938,456$0$0$5,161,315
99$17,397,853$0$0$5,640,392
100$19,000,869$0$0$6,166,842