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%17.2%
1 years$75,312$74,641$73,987$73,348$72,724$70,594
2 years$37,283$36,589$35,916$35,263$34,631$32,502
3 years$24,609$23,911$23,240$22,594$21,971$19,910
4 years$18,273$17,577$16,913$16,277$15,670$13,693
5 years$14,472$13,781$13,125$12,503$11,912$10,025
6 years$11,939$11,253$10,607$9,998$9,426$7,629
7 years$10,130$9,450$8,814$8,220$7,666$5,960
8 years$8,775$8,101$7,475$6,896$6,359$4,743
9 years$7,721$7,053$6,438$5,874$5,355$3,828
10 years$6,878$6,217$5,613$5,063$4,563$3,122
11 years$6,189$5,535$4,942$4,406$3,924$2,567
12 years$5,615$4,968$4,386$3,865$3,401$2,124
13 years$5,130$4,489$3,918$3,412$2,966$1,767
14 years$4,715$4,081$3,521$3,029$2,600$1,476
15 years$4,355$3,728$3,179$2,701$2,289$1,237
16 years$4,041$3,420$2,882$2,419$2,023$1,040
17 years$3,763$3,150$2,622$2,173$1,794$877
18 years$3,517$2,911$2,394$1,959$1,595$740
19 years$3,297$2,697$2,192$1,770$1,422$626
20 years$3,100$2,507$2,011$1,603$1,270$530
21 years$2,921$2,335$1,850$1,455$1,136$449
22 years$2,759$2,179$1,705$1,323$1,019$381
23 years$2,611$2,038$1,574$1,205$914$324
24 years$2,476$1,910$1,456$1,099$822$275
25 years$2,351$1,792$1,349$1,003$739$234
26 years$2,237$1,684$1,251$917$666$199
27 years$2,131$1,585$1,161$840$601$170
28 years$2,033$1,494$1,080$769$542$144
29 years$1,941$1,409$1,005$705$489$123
30 years$1,856$1,331$936$647$442$105
31 years$1,777$1,258$872$595$400$89
32 years$1,703$1,190$814$547$362$76
33 years$1,633$1,127$760$503$327$65
34 years$1,568$1,068$710$462$296$55
35 years$1,506$1,013$664$426$268$47
36 years$1,448$962$621$392$243$40
37 years$1,394$914$581$361$220$34
38 years$1,342$868$544$333$200$29
39 years$1,293$826$510$307$181$25
40 years$1,247$785$478$283$164$21
41 years$1,203$748$448$261$149$18
42 years$1,161$712$420$241$135$15
43 years$1,121$678$395$223$123$13
44 years$1,084$647$370$205$111$11
45 years$1,048$617$348$190$101$10
46 years$1,013$588$327$175$92$8
47 years$980$561$307$162$83$7
48 years$949$536$288$150$76$6
49 years$919$512$271$138$69$5
50 years$890$489$255$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $912,000, adding $5,764 every year, while hoping to spend $36,885 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: 34/46/20 Blend
58$912,000$912,000$912,000$912,000
59$1,010,970$962,634$948,498$1,038,974
60$1,074,843$970,557$941,027$1,068,074
61$1,143,996$977,633$932,070$1,095,626
62$1,218,926$983,780$921,537$1,124,571
63$1,300,185$988,913$909,337$1,155,057
64$1,388,375$992,941$895,371$1,187,243
65$1,484,161$995,767$879,537$1,221,312
66$1,588,273$997,288$861,730$1,257,466
67$1,701,516$997,394$841,837$1,295,931
68$1,824,773$995,969$819,741$1,336,956
69$1,959,019$992,890$795,321$1,380,824
70$2,105,323$988,026$768,449$1,427,844
71$2,264,865$981,238$738,990$1,478,364
72$2,438,941$972,378$706,806$1,532,770
73$2,628,979$961,291$671,751$1,591,492
74$2,836,551$947,811$633,670$1,655,008
75$3,063,387$931,761$592,406$1,723,846
76$3,311,391$912,956$547,791$1,798,599
77$3,582,662$891,200$499,650$1,879,919
78$3,879,508$866,283$447,803$1,968,535
79$4,204,471$837,984$392,058$2,065,253
80$4,560,352$806,071$332,217$2,170,968
81$4,950,235$770,295$268,073$2,286,674
82$5,377,514$730,395$199,409$2,413,472
83$5,845,930$686,094$125,998$2,552,584
84$6,359,602$637,099$47,606$2,705,362
85$6,923,065$583,101$0$2,873,306
86$7,541,318$523,773$0$3,065,772
87$8,219,864$458,769$0$3,288,247
88$8,964,765$387,724$0$3,532,657
89$9,782,700$310,252$0$3,801,317
90$10,681,026$225,945$0$4,096,786
91$11,667,847$134,372$0$4,421,893
92$12,752,089$35,078$0$4,779,762
93$13,943,590$0$0$5,173,848
94$15,253,183$0$0$5,644,619
95$16,692,807$0$0$6,181,798
96$18,275,611$0$0$6,772,554
97$20,016,086$0$0$7,422,314
98$21,930,195$0$0$8,137,057
99$24,035,525$0$0$8,923,370
100$26,351,456$0$0$9,788,512