Can I retire at age 59 with 917,000?

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 $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%17.1%
1 years$75,725$75,050$74,392$73,750$73,123$71,010
2 years$37,488$36,789$36,113$35,457$34,820$32,708
3 years$24,743$24,042$23,367$22,717$22,092$20,047
4 years$18,373$17,674$17,005$16,367$15,756$13,794
5 years$14,551$13,856$13,197$12,571$11,977$10,103
6 years$12,004$11,315$10,665$10,053$9,477$7,693
7 years$10,186$9,502$8,863$8,265$7,708$6,013
8 years$8,823$8,145$7,516$6,934$6,394$4,789
9 years$7,763$7,092$6,474$5,906$5,385$3,867
10 years$6,916$6,251$5,644$5,091$4,588$3,156
11 years$6,223$5,565$4,969$4,431$3,946$2,596
12 years$5,646$4,995$4,410$3,886$3,419$2,150
13 years$5,158$4,514$3,940$3,431$2,982$1,790
14 years$4,741$4,103$3,540$3,046$2,614$1,496
15 years$4,379$3,748$3,196$2,716$2,301$1,255
16 years$4,063$3,439$2,898$2,432$2,034$1,056
17 years$3,784$3,167$2,637$2,185$1,804$890
18 years$3,537$2,926$2,407$1,969$1,604$752
19 years$3,315$2,712$2,204$1,779$1,429$637
20 years$3,117$2,520$2,022$1,612$1,277$540
21 years$2,937$2,348$1,860$1,463$1,143$458
22 years$2,774$2,191$1,714$1,330$1,024$389
23 years$2,625$2,050$1,583$1,211$919$330
24 years$2,489$1,920$1,464$1,105$826$281
25 years$2,364$1,802$1,356$1,009$744$239
26 years$2,249$1,694$1,258$922$670$204
27 years$2,142$1,594$1,168$844$604$174
28 years$2,044$1,502$1,086$774$545$148
29 years$1,952$1,417$1,010$709$492$126
30 years$1,867$1,338$941$651$445$108
31 years$1,787$1,265$877$598$402$92
32 years$1,712$1,197$818$549$364$78
33 years$1,642$1,134$764$505$329$67
34 years$1,576$1,074$714$465$298$57
35 years$1,515$1,019$668$428$270$49
36 years$1,456$967$625$394$244$41
37 years$1,401$919$585$363$222$35
38 years$1,349$873$547$335$201$30
39 years$1,300$830$513$309$182$26
40 years$1,254$790$481$285$165$22
41 years$1,209$752$451$263$150$19
42 years$1,167$716$423$242$136$16
43 years$1,128$682$397$224$123$14
44 years$1,090$650$372$207$112$12
45 years$1,053$620$350$191$102$10
46 years$1,019$592$328$176$92$9
47 years$986$565$309$163$84$7
48 years$954$539$290$150$76$6
49 years$924$515$273$139$69$5
50 years$895$492$256$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $917,000, adding $6,056 every year, while hoping to spend $34,362 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: 65/10/25 Blend
58$917,000$917,000$917,000$917,000
59$1,016,781$968,180$953,966$1,075,866
60$1,083,932$979,060$949,363$1,127,325
61$1,156,780$989,321$943,454$1,179,147
62$1,235,871$998,897$936,160$1,235,014
63$1,321,804$1,007,717$927,395$1,295,326
64$1,415,238$1,015,706$917,073$1,360,525
65$1,516,899$1,022,782$905,101$1,431,097
66$1,627,584$1,028,859$891,384$1,507,581
67$1,748,172$1,033,848$875,819$1,590,571
68$1,879,629$1,037,650$858,303$1,680,720
69$2,023,018$1,040,162$838,723$1,778,752
70$2,179,511$1,041,275$816,965$1,885,464
71$2,350,396$1,040,872$792,908$2,001,736
72$2,537,091$1,038,829$766,425$2,128,537
73$2,741,158$1,035,016$737,384$2,266,940
74$2,964,316$1,029,291$705,647$2,418,125
75$3,208,458$1,021,509$671,068$2,583,395
76$3,475,669$1,011,511$633,497$2,764,188
77$3,768,245$999,132$592,776$2,962,090
78$4,088,711$984,195$548,740$3,178,851
79$4,439,852$966,514$501,215$3,416,400
80$4,824,734$945,890$450,023$3,676,865
81$5,246,732$922,113$394,974$3,962,596
82$5,709,566$894,963$335,872$4,276,180
83$6,217,329$864,205$272,512$4,620,475
84$6,774,534$829,588$204,678$4,998,631
85$7,386,150$790,851$132,148$5,414,121
86$8,057,650$747,716$54,688$5,870,776
87$8,795,064$699,887$0$6,372,823
88$9,605,032$647,054$0$6,932,382
89$10,494,874$588,887$0$7,563,183
90$11,472,648$525,040$0$8,256,359
91$12,547,235$455,144$0$9,018,231
92$13,728,417$378,810$0$9,855,767
93$15,026,974$295,630$0$10,776,641
94$16,454,778$205,168$0$11,789,315
95$18,024,912$106,969$0$12,903,110
96$19,751,790$547$0$14,128,299
97$21,651,292$0$0$15,476,204
98$23,740,916$0$0$16,971,912
99$26,039,938$0$0$18,617,640
100$28,569,600$0$0$20,428,542