Can I retire at age 59 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$75,477$74,805$74,149$73,509$72,884$72,455
2 years$37,365$36,669$35,995$35,341$34,706$34,274
3 years$24,663$23,964$23,291$22,643$22,019$21,596
4 years$18,313$17,616$16,950$16,313$15,704$15,294
5 years$14,504$13,811$13,154$12,530$11,938$11,542
6 years$11,965$11,278$10,630$10,020$9,446$9,065
7 years$10,153$9,471$8,834$8,238$7,682$7,315
8 years$8,794$8,118$7,492$6,911$6,373$6,021
9 years$7,738$7,069$6,453$5,887$5,367$5,030
10 years$6,893$6,231$5,626$5,074$4,573$4,250
11 years$6,203$5,547$4,953$4,416$3,933$3,624
12 years$5,628$4,978$4,395$3,874$3,408$3,114
13 years$5,141$4,499$3,927$3,420$2,972$2,691
14 years$4,725$4,090$3,528$3,036$2,605$2,338
15 years$4,365$3,736$3,186$2,707$2,294$2,040
16 years$4,049$3,428$2,888$2,424$2,027$1,786
17 years$3,772$3,157$2,628$2,178$1,798$1,568
18 years$3,525$2,917$2,399$1,963$1,598$1,381
19 years$3,305$2,703$2,196$1,774$1,425$1,219
20 years$3,106$2,512$2,016$1,606$1,273$1,078
21 years$2,927$2,340$1,854$1,458$1,139$955
22 years$2,765$2,184$1,709$1,326$1,021$847
23 years$2,617$2,043$1,578$1,207$916$752
24 years$2,481$1,914$1,459$1,101$824$669
25 years$2,356$1,796$1,351$1,006$741$596
26 years$2,242$1,688$1,253$919$668$531
27 years$2,135$1,589$1,164$842$602$473
28 years$2,037$1,497$1,082$771$543$423
29 years$1,946$1,412$1,007$707$490$377
30 years$1,861$1,334$938$649$443$337
31 years$1,781$1,261$874$596$401$301
32 years$1,707$1,193$816$548$362$270
33 years$1,637$1,130$762$504$328$241
34 years$1,571$1,071$712$463$297$216
35 years$1,510$1,016$665$427$269$193
36 years$1,452$964$622$393$244$173
37 years$1,397$916$583$362$221$155
38 years$1,345$870$546$334$200$139
39 years$1,296$827$511$308$182$124
40 years$1,250$787$479$284$165$112
41 years$1,206$749$449$262$149$100
42 years$1,164$714$421$242$136$90
43 years$1,124$680$395$223$123$80
44 years$1,086$648$371$206$112$72
45 years$1,050$618$349$190$101$65
46 years$1,015$590$327$176$92$58
47 years$983$563$308$162$84$52
48 years$951$537$289$150$76$47
49 years$921$513$272$139$69$42
50 years$892$490$255$128$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $914,000, adding $2,741 every year, while hoping to spend $55,438 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: 62/26/12 Blend
58$914,000$914,000$914,000$914,000
59$1,010,055$961,613$947,446$1,069,657
60$1,054,095$949,747$920,200$1,098,076
61$1,100,769$935,441$890,183$1,122,490
62$1,150,288$918,517$857,244$1,147,775
63$1,202,880$898,787$821,225$1,174,018
64$1,258,797$876,051$781,959$1,201,316
65$1,318,315$850,098$739,275$1,229,776
66$1,381,733$820,703$692,991$1,259,523
67$1,449,382$787,630$642,919$1,290,692
68$1,521,623$750,628$588,860$1,323,438
69$1,598,851$709,431$530,610$1,357,934
70$1,681,500$663,760$467,951$1,394,372
71$1,770,046$613,316$400,660$1,432,970
72$1,865,010$557,788$328,502$1,473,968
73$1,966,964$496,843$251,230$1,517,637
74$2,076,537$430,131$168,589$1,564,280
75$2,194,418$357,282$80,311$1,614,233
76$2,321,365$277,904$0$1,667,874
77$2,458,207$191,585$0$1,727,399
78$2,605,860$97,888$0$1,802,588
79$2,765,327$0$0$1,883,707
80$2,937,709$0$0$1,972,418
81$3,124,220$0$0$2,098,755
82$3,326,191$0$0$2,235,621
83$3,545,087$0$0$2,384,015
84$3,782,518$0$0$2,545,036
85$4,040,256$0$0$2,719,895
86$4,320,249$0$0$2,909,919
87$4,624,640$0$0$3,116,573
88$4,955,786$0$0$3,341,465
89$5,316,281$0$0$3,586,367
90$5,708,979$0$0$3,853,227
91$6,137,021$0$0$4,144,190
92$6,603,864$0$0$4,461,617
93$7,113,312$0$0$4,808,104
94$7,669,553$0$0$5,186,512
95$8,277,197$0$0$5,599,990
96$8,941,319$0$0$6,052,002
97$9,667,507$0$0$6,546,365
98$10,461,913$0$0$7,087,281
99$11,331,310$0$0$7,679,375
100$12,283,158$0$0$8,327,743