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%12.4%
1 years$75,395$74,723$74,068$73,428$72,804$72,074
2 years$37,324$36,629$35,955$35,302$34,669$33,933
3 years$24,636$23,937$23,265$22,618$21,995$21,277
4 years$18,293$17,597$16,931$16,295$15,687$14,992
5 years$14,488$13,796$13,139$12,516$11,925$11,255
6 years$11,952$11,265$10,619$10,009$9,436$8,792
7 years$10,141$9,461$8,824$8,229$7,674$7,056
8 years$8,784$8,110$7,484$6,903$6,366$5,775
9 years$7,729$7,061$6,446$5,880$5,361$4,796
10 years$6,886$6,224$5,619$5,069$4,568$4,028
11 years$6,196$5,541$4,947$4,411$3,929$3,414
12 years$5,621$4,973$4,391$3,869$3,405$2,915
13 years$5,136$4,494$3,923$3,416$2,969$2,503
14 years$4,720$4,085$3,525$3,032$2,602$2,160
15 years$4,360$3,732$3,182$2,704$2,291$1,872
16 years$4,045$3,424$2,885$2,421$2,025$1,628
17 years$3,767$3,153$2,625$2,176$1,796$1,420
18 years$3,521$2,914$2,397$1,961$1,597$1,241
19 years$3,301$2,700$2,194$1,772$1,423$1,088
20 years$3,103$2,509$2,014$1,605$1,271$955
21 years$2,924$2,337$1,852$1,456$1,138$840
22 years$2,762$2,182$1,707$1,324$1,020$739
23 years$2,614$2,041$1,576$1,206$915$652
24 years$2,478$1,912$1,458$1,100$823$575
25 years$2,354$1,794$1,350$1,004$740$508
26 years$2,239$1,686$1,252$918$667$449
27 years$2,133$1,587$1,163$841$601$398
28 years$2,035$1,495$1,081$770$542$352
29 years$1,944$1,411$1,006$706$490$312
30 years$1,858$1,332$937$648$443$276
31 years$1,779$1,259$873$595$400$245
32 years$1,705$1,192$815$547$362$217
33 years$1,635$1,129$761$503$328$193
34 years$1,570$1,070$711$463$297$171
35 years$1,508$1,015$665$426$269$152
36 years$1,450$963$622$392$243$135
37 years$1,395$915$582$362$221$120
38 years$1,344$869$545$333$200$106
39 years$1,295$826$511$307$181$95
40 years$1,248$786$479$283$164$84
41 years$1,204$749$449$262$149$75
42 years$1,162$713$421$241$135$66
43 years$1,123$679$395$223$123$59
44 years$1,085$647$371$206$112$52
45 years$1,049$617$348$190$101$47
46 years$1,014$589$327$175$92$41
47 years$981$562$307$162$83$37
48 years$950$537$289$150$76$33
49 years$920$512$271$138$69$29
50 years$891$489$255$128$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $913,000, adding $6,588 every year, while hoping to spend $26,952 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: 66/12/22 Blend
58$913,000$913,000$913,000$913,000
59$1,012,922$964,533$950,381$1,073,674
60$1,087,563$983,118$953,542$1,133,878
61$1,168,914$1,001,711$955,906$1,195,998
62$1,257,632$1,020,283$957,417$1,263,280
63$1,354,437$1,038,804$958,017$1,336,234
64$1,460,125$1,057,241$957,647$1,415,420
65$1,575,571$1,075,558$956,241$1,501,454
66$1,701,738$1,093,719$953,733$1,595,018
67$1,839,685$1,111,681$950,053$1,696,862
68$1,990,581$1,129,402$945,128$1,807,813
69$2,155,710$1,146,832$938,880$1,928,782
70$2,336,488$1,163,923$931,228$2,060,773
71$2,534,474$1,180,620$922,088$2,204,895
72$2,751,384$1,196,863$911,372$2,362,369
73$2,989,109$1,212,593$898,986$2,534,540
74$3,249,729$1,227,741$884,833$2,722,892
75$3,535,538$1,242,237$868,812$2,929,061
76$3,849,061$1,256,005$850,815$3,154,850
77$4,193,080$1,268,963$830,732$3,402,246
78$4,570,658$1,281,027$808,445$3,673,441
79$4,985,170$1,292,102$783,834$3,970,849
80$5,440,335$1,302,093$756,769$4,297,135
81$5,940,246$1,310,892$727,118$4,655,232
82$6,489,416$1,318,391$694,742$5,048,376
83$7,092,814$1,324,470$659,493$5,480,134
84$7,755,916$1,329,003$621,220$5,954,438
85$8,484,752$1,331,857$579,764$6,475,621
86$9,285,967$1,332,889$534,957$7,048,462
87$10,166,884$1,331,949$486,626$7,678,226
88$11,135,567$1,328,875$434,589$8,370,718
89$12,200,904$1,323,499$378,657$9,132,338
90$13,372,684$1,315,638$318,630$9,970,138
91$14,661,695$1,305,102$254,301$10,891,894
92$16,079,823$1,291,687$185,455$11,906,175
93$17,640,163$1,275,177$111,866$13,022,427
94$19,357,144$1,255,345$33,298$14,251,064
95$21,246,664$1,231,948$0$15,603,561
96$23,326,240$1,204,730$0$17,104,435
97$25,615,174$1,173,420$0$18,764,876
98$28,134,734$1,137,729$0$20,592,492
99$30,908,353$1,097,355$0$22,604,287
100$33,961,854$1,051,974$0$24,819,002