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%12.4%
1 years$75,890$75,214$74,555$73,911$73,282$72,547
2 years$37,569$36,870$36,192$35,534$34,896$34,156
3 years$24,797$24,095$23,418$22,767$22,140$21,417
4 years$18,413$17,712$17,043$16,402$15,790$15,091
5 years$14,583$13,887$13,226$12,599$12,003$11,329
6 years$12,031$11,339$10,688$10,075$9,498$8,850
7 years$10,208$9,523$8,882$8,283$7,724$7,103
8 years$8,842$8,163$7,533$6,949$6,408$5,813
9 years$7,780$7,107$6,488$5,919$5,397$4,827
10 years$6,931$6,265$5,656$5,102$4,598$4,055
11 years$6,236$5,577$4,980$4,440$3,955$3,437
12 years$5,658$5,006$4,419$3,895$3,427$2,934
13 years$5,170$4,524$3,948$3,438$2,988$2,520
14 years$4,751$4,112$3,548$3,052$2,620$2,174
15 years$4,388$3,756$3,203$2,722$2,306$1,884
16 years$4,072$3,446$2,904$2,437$2,038$1,639
17 years$3,792$3,174$2,643$2,190$1,807$1,429
18 years$3,544$2,933$2,412$1,974$1,607$1,249
19 years$3,323$2,718$2,208$1,783$1,432$1,095
20 years$3,123$2,526$2,027$1,615$1,279$961
21 years$2,943$2,353$1,864$1,466$1,145$845
22 years$2,780$2,196$1,718$1,333$1,026$744
23 years$2,631$2,054$1,586$1,214$921$656
24 years$2,495$1,924$1,467$1,107$828$579
25 years$2,369$1,806$1,359$1,011$745$512
26 years$2,254$1,697$1,260$924$671$452
27 years$2,147$1,597$1,170$846$605$400
28 years$2,048$1,505$1,088$775$546$354
29 years$1,956$1,420$1,012$711$493$314
30 years$1,871$1,341$943$652$446$278
31 years$1,791$1,268$879$599$403$247
32 years$1,716$1,200$820$551$364$219
33 years$1,646$1,136$766$506$330$194
34 years$1,580$1,077$716$466$299$172
35 years$1,518$1,021$669$429$270$153
36 years$1,460$969$626$395$245$136
37 years$1,404$921$586$364$222$121
38 years$1,352$875$549$335$201$107
39 years$1,303$832$514$309$183$95
40 years$1,256$792$482$285$166$85
41 years$1,212$753$452$263$150$75
42 years$1,170$718$424$243$136$67
43 years$1,130$684$398$224$124$59
44 years$1,092$652$373$207$112$53
45 years$1,056$621$350$191$102$47
46 years$1,021$593$329$177$93$42
47 years$988$566$309$163$84$37
48 years$956$540$291$151$76$33
49 years$926$516$273$139$69$29
50 years$897$493$257$129$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $919,000, adding $4,534 every year, while hoping to spend $58,312 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: 56/36/8 Blend
58$919,000$919,000$919,000$919,000
59$1,017,415$968,708$954,463$1,072,243
60$1,059,148$954,131$924,394$1,095,173
61$1,103,183$936,886$891,364$1,113,256
62$1,149,694$916,779$855,211$1,131,532
63$1,198,869$893,608$815,767$1,150,029
64$1,250,916$867,157$772,857$1,168,777
65$1,306,058$837,197$726,297$1,187,814
66$1,364,543$803,486$675,895$1,207,186
67$1,426,640$765,770$621,450$1,226,944
68$1,492,642$723,778$562,754$1,247,153
69$1,562,871$677,223$499,586$1,267,883
70$1,637,681$625,803$431,719$1,289,220
71$1,717,455$569,199$358,913$1,311,261
72$1,802,618$507,072$280,919$1,334,120
73$1,893,632$439,066$197,476$1,357,925
74$1,991,005$364,802$108,314$1,382,825
75$2,095,292$283,882$13,147$1,408,990
76$2,207,105$195,885$0$1,436,612
77$2,327,113$100,367$0$1,473,459
78$2,456,050$0$0$1,513,922
79$2,594,723$0$0$1,558,433
80$2,744,018$0$0$1,649,217
81$2,904,907$0$0$1,747,113
82$3,078,458$0$0$1,852,780
83$3,265,845$0$0$1,966,939
84$3,468,357$0$0$2,090,386
85$3,687,410$0$0$2,223,994
86$3,924,564$0$0$2,368,721
87$4,181,530$0$0$2,525,624
88$4,460,192$0$0$2,695,863
89$4,762,619$0$0$2,880,714
90$5,091,090$0$0$3,081,580
91$5,448,110$0$0$3,300,007
92$5,836,434$0$0$3,537,692
93$6,259,094$0$0$3,796,506
94$6,719,428$0$0$4,078,504
95$7,221,105$0$0$4,385,952
96$7,768,166$0$0$4,721,339
97$8,365,059$0$0$5,087,408
98$9,016,678$0$0$5,487,177
99$9,728,412$0$0$5,923,971
100$10,506,191$0$0$6,401,445