Can I retire at age 59 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,973$75,296$74,636$73,991$73,362$73,053
2 years$37,610$36,910$36,231$35,573$34,934$34,622
3 years$24,824$24,121$23,444$22,792$22,164$21,858
4 years$18,433$17,731$17,061$16,420$15,807$15,511
5 years$14,599$13,902$13,240$12,612$12,017$11,730
6 years$12,044$11,352$10,700$10,086$9,508$9,232
7 years$10,219$9,533$8,892$8,292$7,733$7,467
8 years$8,852$8,172$7,541$6,956$6,415$6,160
9 years$7,788$7,115$6,495$5,925$5,402$5,158
10 years$6,938$6,271$5,662$5,108$4,603$4,369
11 years$6,243$5,583$4,985$4,445$3,959$3,735
12 years$5,664$5,011$4,424$3,899$3,431$3,216
13 years$5,175$4,529$3,953$3,442$2,992$2,787
14 years$4,756$4,116$3,552$3,056$2,622$2,427
15 years$4,393$3,760$3,207$2,725$2,309$2,123
16 years$4,076$3,450$2,907$2,440$2,041$1,864
17 years$3,796$3,177$2,645$2,192$1,809$1,642
18 years$3,548$2,936$2,415$1,976$1,609$1,450
19 years$3,326$2,721$2,211$1,785$1,434$1,283
20 years$3,127$2,529$2,029$1,617$1,281$1,138
21 years$2,947$2,355$1,866$1,467$1,146$1,011
22 years$2,783$2,199$1,720$1,334$1,027$900
23 years$2,634$2,056$1,588$1,215$922$801
24 years$2,497$1,927$1,469$1,108$829$715
25 years$2,372$1,808$1,360$1,012$746$639
26 years$2,256$1,699$1,262$925$672$571
27 years$2,150$1,599$1,172$847$606$511
28 years$2,050$1,507$1,089$776$547$457
29 years$1,958$1,422$1,014$712$494$409
30 years$1,873$1,343$944$653$446$367
31 years$1,793$1,269$880$600$403$329
32 years$1,718$1,201$821$551$365$295
33 years$1,648$1,137$767$507$330$265
34 years$1,582$1,078$716$466$299$238
35 years$1,520$1,022$670$429$271$214
36 years$1,461$970$627$395$245$192
37 years$1,406$922$586$364$222$173
38 years$1,354$876$549$336$202$155
39 years$1,305$833$515$310$183$140
40 years$1,258$792$482$286$166$126
41 years$1,213$754$452$264$150$113
42 years$1,171$718$424$243$136$102
43 years$1,131$684$398$224$124$91
44 years$1,093$652$374$207$112$82
45 years$1,057$622$351$191$102$74
46 years$1,022$593$330$177$93$67
47 years$989$566$310$163$84$60
48 years$957$541$291$151$76$54
49 years$927$516$273$140$69$49
50 years$898$493$257$129$63$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $920,000, adding $5,205 every year, while hoping to spend $49,022 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: 54/23/23 Blend
58$920,000$920,000$920,000$920,000
59$1,019,209$970,449$956,189$1,067,544
60$1,071,009$965,842$936,062$1,096,734
61$1,126,450$959,366$913,618$1,122,950
62$1,185,851$950,878$888,728$1,150,460
63$1,249,563$940,226$861,255$1,179,402
64$1,317,970$927,249$831,059$1,209,935
65$1,391,495$911,776$797,991$1,242,232
66$1,470,601$893,627$761,897$1,276,490
67$1,555,796$872,608$722,615$1,312,926
68$1,647,640$848,519$679,975$1,351,784
69$1,746,747$821,144$633,802$1,393,336
70$1,853,790$790,255$583,909$1,437,883
71$1,969,511$755,612$530,105$1,485,765
72$2,094,725$716,960$472,187$1,537,355
73$2,230,327$674,031$409,945$1,593,073
74$2,377,301$626,540$343,159$1,653,383
75$2,536,730$574,185$271,599$1,718,802
76$2,709,805$516,648$195,026$1,789,906
77$2,897,835$453,594$113,189$1,867,332
78$3,102,260$384,666$25,827$1,951,791
79$3,324,665$309,489$0$2,044,070
80$3,566,794$227,667$0$2,161,585
81$3,830,565$138,780$0$2,296,604
82$4,118,089$42,387$0$2,443,932
83$4,431,690$0$0$2,604,837
84$4,773,925$0$0$2,796,408
85$5,147,610$0$0$3,017,380
86$5,555,843$0$0$3,258,867
87$6,002,035$0$0$3,522,897
88$6,489,944$0$0$3,811,705
89$7,023,704$0$0$4,127,749
90$7,607,868$0$0$4,473,738
91$8,247,452$0$0$4,852,655
92$8,947,975$0$0$5,267,782
93$9,715,520$0$0$5,722,738
94$10,556,781$0$0$6,221,504
95$11,479,136$0$0$6,768,469
96$12,490,705$0$0$7,368,464
97$13,600,437$0$0$8,026,811
98$14,818,185$0$0$8,749,373
99$16,154,804$0$0$9,542,607
100$17,622,252$0$0$10,413,625