Can I retire at age 59 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$75,808$75,132$74,474$73,830$73,203$70,465
2 years$37,529$36,830$36,152$35,495$34,858$32,132
3 years$24,770$24,069$23,393$22,742$22,116$19,486
4 years$18,393$17,693$17,024$16,385$15,773$13,260
5 years$14,567$13,871$13,211$12,585$11,990$9,600
6 years$12,017$11,327$10,677$10,064$9,488$7,222
7 years$10,197$9,512$8,872$8,274$7,716$5,575
8 years$8,832$8,154$7,525$6,941$6,401$4,382
9 years$7,771$7,099$6,481$5,912$5,391$3,491
10 years$6,923$6,258$5,650$5,096$4,593$2,810
11 years$6,230$5,571$4,974$4,435$3,950$2,279
12 years$5,652$5,000$4,415$3,890$3,423$1,860
13 years$5,164$4,519$3,944$3,435$2,985$1,525
14 years$4,746$4,107$3,544$3,049$2,617$1,256
15 years$4,384$3,752$3,200$2,719$2,304$1,037
16 years$4,067$3,443$2,901$2,435$2,036$859
17 years$3,788$3,170$2,640$2,188$1,805$713
18 years$3,540$2,930$2,410$1,971$1,605$592
19 years$3,319$2,715$2,206$1,781$1,431$493
20 years$3,120$2,523$2,025$1,613$1,278$411
21 years$2,940$2,350$1,862$1,464$1,144$343
22 years$2,777$2,194$1,716$1,331$1,025$286
23 years$2,628$2,052$1,585$1,212$920$239
24 years$2,492$1,922$1,466$1,106$827$200
25 years$2,367$1,804$1,357$1,010$744$167
26 years$2,251$1,696$1,259$923$670$140
27 years$2,145$1,596$1,169$845$604$117
28 years$2,046$1,504$1,087$774$545$98
29 years$1,954$1,418$1,011$710$493$82
30 years$1,869$1,340$942$652$445$69
31 years$1,789$1,266$878$599$402$57
32 years$1,714$1,198$819$550$364$48
33 years$1,644$1,135$765$506$329$40
34 years$1,578$1,076$715$465$298$34
35 years$1,516$1,020$668$428$270$28
36 years$1,458$968$625$395$245$24
37 years$1,403$920$585$364$222$20
38 years$1,351$874$548$335$201$17
39 years$1,302$831$513$309$182$14
40 years$1,255$791$481$285$165$12
41 years$1,211$753$451$263$150$10
42 years$1,169$717$423$243$136$8
43 years$1,129$683$397$224$124$7
44 years$1,091$651$373$207$112$6
45 years$1,054$621$350$191$102$5
46 years$1,020$592$329$176$92$4
47 years$987$565$309$163$84$3
48 years$955$539$290$151$76$3
49 years$925$515$273$139$69$2
50 years$896$492$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $918,000, adding $5,517 every year, while hoping to spend $51,812 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: 28/46/26 Blend
58$918,000$918,000$918,000$918,000
59$1,017,327$968,673$954,444$1,037,458
60$1,065,967$961,010$931,290$1,046,185
61$1,117,831$951,236$905,624$1,050,679
62$1,173,195$939,191$877,307$1,054,447
63$1,232,357$924,708$846,194$1,057,464
64$1,295,649$907,610$812,133$1,059,705
65$1,363,431$887,708$774,965$1,061,146
66$1,436,098$864,804$734,524$1,061,770
67$1,514,086$838,685$690,636$1,061,563
68$1,597,871$809,129$643,121$1,060,515
69$1,687,977$775,899$591,788$1,058,622
70$1,784,977$738,745$536,440$1,055,889
71$1,889,504$697,403$476,870$1,052,327
72$2,002,250$651,592$412,862$1,047,957
73$2,123,977$601,017$344,190$1,042,811
74$2,255,521$545,365$270,618$1,036,932
75$2,397,802$484,306$191,902$1,030,379
76$2,551,830$417,489$107,783$1,023,226
77$2,718,717$344,547$17,994$1,015,566
78$2,899,684$265,088$0$1,007,513
79$3,096,075$178,700$0$1,020,795
80$3,309,368$84,950$0$1,040,716
81$3,541,188$0$0$1,062,559
82$3,793,322$0$0$1,095,054
83$4,067,739$0$0$1,177,353
84$4,366,602$0$0$1,267,120
85$4,692,294$0$0$1,365,088
86$5,047,436$0$0$1,472,063
87$5,434,913$0$0$1,588,934
88$5,857,900$0$0$1,716,677
89$6,319,895$0$0$1,856,369
90$6,824,744$0$0$2,009,193
91$7,376,684$0$0$2,176,456
92$7,980,381$0$0$2,359,592
93$8,640,970$0$0$2,560,184
94$9,364,106$0$0$2,779,974
95$10,156,018$0$0$3,020,879
96$11,023,564$0$0$3,285,014
97$11,974,295$0$0$3,574,704
98$13,016,530$0$0$3,892,514
99$14,159,430$0$0$4,241,265
100$15,413,085$0$0$4,624,069