Can I retire at age 59 with 919,000?

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 $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%11.7%
1 years$75,890$75,214$74,555$73,911$73,282$72,760
2 years$37,569$36,870$36,192$35,534$34,896$34,369
3 years$24,797$24,095$23,418$22,767$22,140$21,624
4 years$18,413$17,712$17,043$16,402$15,790$15,291
5 years$14,583$13,887$13,226$12,599$12,003$11,522
6 years$12,031$11,339$10,688$10,075$9,498$9,034
7 years$10,208$9,523$8,882$8,283$7,724$7,279
8 years$8,842$8,163$7,533$6,949$6,408$5,981
9 years$7,780$7,107$6,488$5,919$5,397$4,987
10 years$6,931$6,265$5,656$5,102$4,598$4,207
11 years$6,236$5,577$4,980$4,440$3,955$3,581
12 years$5,658$5,006$4,419$3,895$3,427$3,070
13 years$5,170$4,524$3,948$3,438$2,988$2,649
14 years$4,751$4,112$3,548$3,052$2,620$2,296
15 years$4,388$3,756$3,203$2,722$2,306$1,999
16 years$4,072$3,446$2,904$2,437$2,038$1,747
17 years$3,792$3,174$2,643$2,190$1,807$1,531
18 years$3,544$2,933$2,412$1,974$1,607$1,345
19 years$3,323$2,718$2,208$1,783$1,432$1,185
20 years$3,123$2,526$2,027$1,615$1,279$1,045
21 years$2,943$2,353$1,864$1,466$1,145$924
22 years$2,780$2,196$1,718$1,333$1,026$818
23 years$2,631$2,054$1,586$1,214$921$725
24 years$2,495$1,924$1,467$1,107$828$643
25 years$2,369$1,806$1,359$1,011$745$571
26 years$2,254$1,697$1,260$924$671$508
27 years$2,147$1,597$1,170$846$605$452
28 years$2,048$1,505$1,088$775$546$402
29 years$1,956$1,420$1,012$711$493$358
30 years$1,871$1,341$943$652$446$320
31 years$1,791$1,268$879$599$403$285
32 years$1,716$1,200$820$551$364$254
33 years$1,646$1,136$766$506$330$227
34 years$1,580$1,077$716$466$299$203
35 years$1,518$1,021$669$429$270$181
36 years$1,460$969$626$395$245$162
37 years$1,404$921$586$364$222$144
38 years$1,352$875$549$335$201$129
39 years$1,303$832$514$309$183$115
40 years$1,256$792$482$285$166$103
41 years$1,212$753$452$263$150$92
42 years$1,170$718$424$243$136$82
43 years$1,130$684$398$224$124$74
44 years$1,092$652$373$207$112$66
45 years$1,056$621$350$191$102$59
46 years$1,021$593$329$177$93$53
47 years$988$566$309$163$84$47
48 years$956$540$291$151$76$42
49 years$926$516$273$139$69$38
50 years$897$493$257$129$63$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $919,000, adding $6,482 every year, while hoping to spend $20,501 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: 66/16/18 Blend
58$919,000$919,000$919,000$919,000
59$1,019,424$970,717$956,473$1,081,763
60$1,101,593$996,469$966,702$1,150,064
61$1,191,455$1,022,796$976,586$1,221,736
62$1,289,775$1,049,705$986,093$1,299,589
63$1,397,392$1,077,200$995,187$1,384,227
64$1,515,232$1,105,289$1,003,832$1,476,318
65$1,644,314$1,133,977$1,011,989$1,576,597
66$1,785,759$1,163,267$1,019,616$1,685,874
67$1,940,805$1,193,166$1,026,671$1,805,039
68$2,110,812$1,223,675$1,033,109$1,935,076
69$2,297,278$1,254,799$1,038,883$2,077,067
70$2,501,856$1,286,540$1,043,941$2,232,202
71$2,726,364$1,318,899$1,048,231$2,401,797
72$2,972,806$1,351,877$1,051,699$2,587,297
73$3,243,387$1,385,474$1,054,286$2,790,298
74$3,540,540$1,419,690$1,055,932$3,012,555
75$3,866,941$1,454,521$1,056,572$3,256,004
76$4,225,541$1,489,964$1,056,139$3,522,778
77$4,619,590$1,526,016$1,054,563$3,815,227
78$5,052,667$1,562,670$1,051,770$4,135,940
79$5,528,718$1,599,920$1,047,683$4,487,771
80$6,052,087$1,637,756$1,042,221$4,873,862
81$6,627,562$1,676,168$1,035,297$5,297,680
82$7,260,418$1,715,145$1,026,824$5,763,041
83$7,956,466$1,754,672$1,016,708$6,274,153
84$8,722,108$1,794,734$1,004,851$6,835,652
85$9,564,399$1,835,312$991,150$7,452,647
86$10,491,113$1,876,387$975,498$8,130,767
87$11,510,812$1,917,935$957,782$8,876,218
88$12,632,933$1,959,932$937,886$9,695,835
89$13,867,872$2,002,350$915,686$10,597,154
90$15,227,087$2,045,156$891,053$11,588,477
91$16,723,199$2,088,318$863,853$12,678,955
92$18,370,118$2,131,798$833,944$13,878,672
93$20,183,169$2,175,555$801,180$15,198,739
94$22,179,239$2,219,544$765,406$16,651,404
95$24,376,935$2,263,716$726,462$18,250,162
96$26,796,762$2,308,018$684,178$20,009,885
97$29,461,313$2,352,392$638,379$21,946,965
98$32,395,484$2,396,776$588,881$24,079,463
99$35,626,707$2,441,102$535,493$26,427,285
100$39,185,212$2,485,296$478,012$29,012,368