Can I retire at age 59 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$75,890$75,214$74,555$73,911$73,282$71,656
2 years$37,569$36,870$36,192$35,534$34,896$33,267
3 years$24,797$24,095$23,418$22,767$22,140$20,557
4 years$18,413$17,712$17,043$16,402$15,790$14,267
5 years$14,583$13,887$13,226$12,599$12,003$10,544
6 years$12,031$11,339$10,688$10,075$9,498$8,104
7 years$10,208$9,523$8,882$8,283$7,724$6,395
8 years$8,842$8,163$7,533$6,949$6,408$5,144
9 years$7,780$7,107$6,488$5,919$5,397$4,197
10 years$6,931$6,265$5,656$5,102$4,598$3,461
11 years$6,236$5,577$4,980$4,440$3,955$2,879
12 years$5,658$5,006$4,419$3,895$3,427$2,411
13 years$5,170$4,524$3,948$3,438$2,988$2,030
14 years$4,751$4,112$3,548$3,052$2,620$1,717
15 years$4,388$3,756$3,203$2,722$2,306$1,457
16 years$4,072$3,446$2,904$2,437$2,038$1,241
17 years$3,792$3,174$2,643$2,190$1,807$1,059
18 years$3,544$2,933$2,412$1,974$1,607$906
19 years$3,323$2,718$2,208$1,783$1,432$777
20 years$3,123$2,526$2,027$1,615$1,279$667
21 years$2,943$2,353$1,864$1,466$1,145$573
22 years$2,780$2,196$1,718$1,333$1,026$493
23 years$2,631$2,054$1,586$1,214$921$425
24 years$2,495$1,924$1,467$1,107$828$366
25 years$2,369$1,806$1,359$1,011$745$316
26 years$2,254$1,697$1,260$924$671$273
27 years$2,147$1,597$1,170$846$605$236
28 years$2,048$1,505$1,088$775$546$204
29 years$1,956$1,420$1,012$711$493$176
30 years$1,871$1,341$943$652$446$152
31 years$1,791$1,268$879$599$403$132
32 years$1,716$1,200$820$551$364$114
33 years$1,646$1,136$766$506$330$99
34 years$1,580$1,077$716$466$299$85
35 years$1,518$1,021$669$429$270$74
36 years$1,460$969$626$395$245$64
37 years$1,404$921$586$364$222$55
38 years$1,352$875$549$335$201$48
39 years$1,303$832$514$309$183$42
40 years$1,256$792$482$285$166$36
41 years$1,212$753$452$263$150$31
42 years$1,170$718$424$243$136$27
43 years$1,130$684$398$224$124$23
44 years$1,092$652$373$207$112$20
45 years$1,056$621$350$191$102$18
46 years$1,021$593$329$177$93$15
47 years$988$566$309$163$84$13
48 years$956$540$291$151$76$11
49 years$926$516$273$139$69$10
50 years$897$493$257$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $919,000, adding $2,549 every year, while hoping to spend $49,855 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: 46/30/24 Blend
58$919,000$919,000$919,000$919,000
59$1,015,367$966,660$952,416$1,054,972
60$1,065,889$960,981$931,276$1,077,430
61$1,119,894$953,353$907,758$1,096,689
62$1,177,683$943,628$881,728$1,116,586
63$1,239,589$931,648$853,048$1,137,208
64$1,305,976$917,247$821,574$1,158,649
65$1,377,242$900,249$787,153$1,181,020
66$1,453,827$880,467$749,629$1,204,445
67$1,536,210$857,702$708,834$1,229,065
68$1,624,920$831,747$664,597$1,255,038
69$1,720,537$802,378$616,736$1,282,543
70$1,823,699$769,361$565,063$1,311,784
71$1,935,104$732,447$509,381$1,342,988
72$2,055,522$691,375$449,483$1,376,412
73$2,185,799$645,866$385,154$1,412,343
74$2,326,863$595,626$316,170$1,451,104
75$2,479,736$540,345$242,295$1,493,057
76$2,645,542$479,694$163,284$1,538,608
77$2,825,515$413,328$78,882$1,588,211
78$3,021,015$340,878$0$1,642,372
79$3,233,536$261,958$0$1,704,525
80$3,464,721$176,158$0$1,794,179
81$3,716,380$83,048$0$1,891,894
82$3,990,504$0$0$1,998,535
83$4,289,283$0$0$2,120,946
84$4,615,127$0$0$2,284,441
85$4,970,689$0$0$2,462,949
86$5,358,891$0$0$2,657,947
87$5,782,947$0$0$2,871,064
88$6,246,397$0$0$3,104,092
89$6,753,136$0$0$3,359,005
90$7,307,455$0$0$3,637,976
91$7,914,078$0$0$3,943,396
92$8,578,207$0$0$4,277,901
93$9,305,568$0$0$4,644,392
94$10,102,471$0$0$5,046,065
95$10,975,861$0$0$5,486,439
96$11,933,390$0$0$5,969,390
97$12,983,483$0$0$6,499,187
98$14,135,422$0$0$7,080,533
99$15,399,428$0$0$7,718,606
100$16,786,763$0$0$8,419,111