Can I retire at age 59 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$75,395$74,723$74,068$73,428$72,804$71,627
2 years$37,324$36,629$35,955$35,302$34,669$33,486
3 years$24,636$23,937$23,265$22,618$21,995$20,844
4 years$18,293$17,597$16,931$16,295$15,687$14,576
5 years$14,488$13,796$13,139$12,516$11,925$10,858
6 years$11,952$11,265$10,619$10,009$9,436$8,413
7 years$10,141$9,461$8,824$8,229$7,674$6,696
8 years$8,784$8,110$7,484$6,903$6,366$5,433
9 years$7,729$7,061$6,446$5,880$5,361$4,472
10 years$6,886$6,224$5,619$5,069$4,568$3,722
11 years$6,196$5,541$4,947$4,411$3,929$3,125
12 years$5,621$4,973$4,391$3,869$3,405$2,643
13 years$5,136$4,494$3,923$3,416$2,969$2,247
14 years$4,720$4,085$3,525$3,032$2,602$1,920
15 years$4,360$3,732$3,182$2,704$2,291$1,647
16 years$4,045$3,424$2,885$2,421$2,025$1,417
17 years$3,767$3,153$2,625$2,176$1,796$1,223
18 years$3,521$2,914$2,397$1,961$1,597$1,058
19 years$3,301$2,700$2,194$1,772$1,423$917
20 years$3,103$2,509$2,014$1,605$1,271$796
21 years$2,924$2,337$1,852$1,456$1,138$692
22 years$2,762$2,182$1,707$1,324$1,020$603
23 years$2,614$2,041$1,576$1,206$915$525
24 years$2,478$1,912$1,458$1,100$823$458
25 years$2,354$1,794$1,350$1,004$740$400
26 years$2,239$1,686$1,252$918$667$350
27 years$2,133$1,587$1,163$841$601$306
28 years$2,035$1,495$1,081$770$542$267
29 years$1,944$1,411$1,006$706$490$234
30 years$1,858$1,332$937$648$443$205
31 years$1,779$1,259$873$595$400$179
32 years$1,705$1,192$815$547$362$157
33 years$1,635$1,129$761$503$328$138
34 years$1,570$1,070$711$463$297$121
35 years$1,508$1,015$665$426$269$106
36 years$1,450$963$622$392$243$93
37 years$1,395$915$582$362$221$81
38 years$1,344$869$545$333$200$71
39 years$1,295$826$511$307$181$63
40 years$1,248$786$479$283$164$55
41 years$1,204$749$449$262$149$48
42 years$1,162$713$421$241$135$42
43 years$1,123$679$395$223$123$37
44 years$1,085$647$371$206$112$33
45 years$1,049$617$348$190$101$29
46 years$1,014$589$327$175$92$25
47 years$981$562$307$162$83$22
48 years$950$537$289$150$76$19
49 years$920$512$271$138$69$17
50 years$891$489$255$128$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $913,000, adding $2,497 every year, while hoping to spend $48,274 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: 54/40/6 Blend
58$913,000$913,000$913,000$913,000
59$1,008,702$960,313$946,161$1,061,679
60$1,060,226$956,005$926,494$1,093,450
61$1,115,388$949,868$904,551$1,122,464
62$1,174,508$941,761$880,203$1,152,862
63$1,237,936$931,536$853,319$1,184,781
64$1,306,058$919,034$823,758$1,218,376
65$1,379,297$904,088$791,375$1,253,821
66$1,458,117$886,520$756,018$1,291,306
67$1,543,028$866,143$717,527$1,331,047
68$1,634,590$842,757$675,737$1,373,283
69$1,733,417$816,151$630,473$1,418,282
70$1,840,186$786,103$581,555$1,466,340
71$1,955,639$752,376$528,791$1,517,790
72$2,080,593$714,721$471,984$1,572,999
73$2,215,944$672,873$410,926$1,632,378
74$2,362,680$626,553$345,402$1,696,385
75$2,521,886$575,466$275,184$1,765,526
76$2,694,753$519,299$200,039$1,840,366
77$2,882,596$457,723$119,718$1,921,534
78$3,086,858$390,389$33,965$2,009,725
79$3,309,127$316,927$0$2,105,714
80$3,551,151$236,949$0$2,214,045
81$3,814,852$150,044$0$2,334,547
82$4,102,348$55,777$0$2,466,121
83$4,415,968$0$0$2,609,961
84$4,758,275$0$0$2,787,773
85$5,132,091$0$0$3,008,845
86$5,540,524$0$0$3,250,472
87$5,986,992$0$0$3,514,690
88$6,475,263$0$0$3,803,736
89$7,009,482$0$0$4,120,078
90$7,594,214$0$0$4,466,430
91$8,234,486$0$0$4,845,782
92$8,935,834$0$0$5,261,427
93$9,704,355$0$0$5,716,990
94$10,546,762$0$0$6,216,467
95$11,470,451$0$0$6,764,255
96$12,483,565$0$0$7,365,200
97$13,595,076$0$0$8,024,637
98$14,814,864$0$0$8,748,444
99$16,153,812$0$0$9,543,096
100$17,623,910$0$0$10,415,726