Can I retire at age 59 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,725$75,050$74,392$73,750$73,123$71,646
2 years$37,488$36,789$36,113$35,457$34,820$33,339
3 years$24,743$24,042$23,367$22,717$22,092$20,652
4 years$18,373$17,674$17,005$16,367$15,756$14,369
5 years$14,551$13,856$13,197$12,571$11,977$10,647
6 years$12,004$11,315$10,665$10,053$9,477$8,205
7 years$10,186$9,502$8,863$8,265$7,708$6,494
8 years$8,823$8,145$7,516$6,934$6,394$5,239
9 years$7,763$7,092$6,474$5,906$5,385$4,287
10 years$6,916$6,251$5,644$5,091$4,588$3,546
11 years$6,223$5,565$4,969$4,431$3,946$2,959
12 years$5,646$4,995$4,410$3,886$3,419$2,486
13 years$5,158$4,514$3,940$3,431$2,982$2,100
14 years$4,741$4,103$3,540$3,046$2,614$1,782
15 years$4,379$3,748$3,196$2,716$2,301$1,518
16 years$4,063$3,439$2,898$2,432$2,034$1,297
17 years$3,784$3,167$2,637$2,185$1,804$1,112
18 years$3,537$2,926$2,407$1,969$1,604$955
19 years$3,315$2,712$2,204$1,779$1,429$821
20 years$3,117$2,520$2,022$1,612$1,277$708
21 years$2,937$2,348$1,860$1,463$1,143$611
22 years$2,774$2,191$1,714$1,330$1,024$528
23 years$2,625$2,050$1,583$1,211$919$456
24 years$2,489$1,920$1,464$1,105$826$395
25 years$2,364$1,802$1,356$1,009$744$342
26 years$2,249$1,694$1,258$922$670$296
27 years$2,142$1,594$1,168$844$604$257
28 years$2,044$1,502$1,086$774$545$223
29 years$1,952$1,417$1,010$709$492$194
30 years$1,867$1,338$941$651$445$168
31 years$1,787$1,265$877$598$402$146
32 years$1,712$1,197$818$549$364$127
33 years$1,642$1,134$764$505$329$110
34 years$1,576$1,074$714$465$298$96
35 years$1,515$1,019$668$428$270$83
36 years$1,456$967$625$394$244$72
37 years$1,401$919$585$363$222$63
38 years$1,349$873$547$335$201$55
39 years$1,300$830$513$309$182$48
40 years$1,254$790$481$285$165$41
41 years$1,209$752$451$263$150$36
42 years$1,167$716$423$242$136$31
43 years$1,128$682$397$224$123$27
44 years$1,090$650$372$207$112$24
45 years$1,053$620$350$191$102$21
46 years$1,019$592$328$176$92$18
47 years$986$565$309$163$84$16
48 years$954$539$290$150$76$14
49 years$924$515$273$139$69$12
50 years$895$492$256$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $917,000, adding $2,101 every year, while hoping to spend $44,101 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: 44/44/12 Blend
58$917,000$917,000$917,000$917,000
59$1,012,701$964,100$949,887$1,053,681
60$1,069,074$964,418$934,785$1,082,747
61$1,129,718$963,273$917,699$1,109,609
62$1,195,023$960,548$898,516$1,137,745
63$1,265,417$956,116$877,118$1,167,289
64$1,341,369$949,845$853,380$1,198,393
65$1,423,395$941,594$827,175$1,231,224
66$1,512,061$931,212$798,365$1,265,974
67$1,607,991$918,541$766,810$1,302,852
68$1,711,869$903,412$732,361$1,342,095
69$1,824,448$885,648$694,864$1,383,966
70$1,946,557$865,060$654,157$1,428,760
71$2,079,105$841,447$610,070$1,476,806
72$2,223,094$814,598$562,428$1,528,469
73$2,379,625$784,289$511,045$1,584,157
74$2,549,911$750,283$455,729$1,644,325
75$2,735,284$712,329$396,278$1,709,478
76$2,937,211$670,162$332,481$1,780,179
77$3,157,307$623,500$264,120$1,857,056
78$3,397,349$572,048$190,965$1,940,802
79$3,659,292$515,492$112,775$2,032,194
80$3,945,288$453,499$29,302$2,132,090
81$4,257,708$385,721$0$2,241,446
82$4,599,160$311,787$0$2,368,977
83$4,972,515$231,306$0$2,512,706
84$5,380,936$143,864$0$2,670,220
85$5,827,905$49,027$0$2,843,006
86$6,317,255$0$0$3,032,711
87$6,853,208$0$0$3,267,141
88$7,440,414$0$0$3,550,106
89$8,083,992$0$0$3,860,350
90$8,789,582$0$0$4,200,605
91$9,563,395$0$0$4,573,881
92$10,412,270$0$0$4,983,492
93$11,343,743$0$0$5,433,091
94$12,366,113$0$0$5,926,699
95$13,488,522$0$0$6,468,747
96$14,721,040$0$0$7,064,116
97$16,074,761$0$0$7,718,183
98$17,561,905$0$0$8,436,870
99$19,195,935$0$0$9,226,704
100$20,991,681$0$0$10,094,873