Can I retire at age 59 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$76,055$75,378$74,717$74,072$73,442$72,344
2 years$37,651$36,950$36,270$35,611$34,972$33,869
3 years$24,851$24,147$23,469$22,817$22,188$21,113
4 years$18,453$17,751$17,080$16,438$15,825$14,787
5 years$14,615$13,917$13,255$12,626$12,030$11,032
6 years$12,057$11,364$10,712$10,097$9,519$8,562
7 years$10,230$9,544$8,901$8,301$7,741$6,826
8 years$8,861$8,181$7,549$6,964$6,422$5,548
9 years$7,797$7,123$6,502$5,932$5,408$4,575
10 years$6,946$6,278$5,669$5,113$4,608$3,815
11 years$6,250$5,589$4,991$4,450$3,963$3,209
12 years$5,671$5,017$4,429$3,903$3,434$2,719
13 years$5,181$4,534$3,957$3,446$2,995$2,317
14 years$4,761$4,121$3,555$3,059$2,625$1,983
15 years$4,398$3,764$3,210$2,728$2,311$1,705
16 years$4,080$3,454$2,910$2,443$2,043$1,470
17 years$3,800$3,181$2,648$2,195$1,811$1,271
18 years$3,552$2,939$2,418$1,978$1,611$1,102
19 years$3,330$2,724$2,213$1,787$1,436$957
20 years$3,130$2,531$2,031$1,619$1,282$833
21 years$2,950$2,358$1,868$1,469$1,147$726
22 years$2,786$2,201$1,722$1,336$1,029$633
23 years$2,637$2,058$1,590$1,216$923$553
24 years$2,500$1,929$1,470$1,109$830$484
25 years$2,374$1,810$1,362$1,013$747$423
26 years$2,259$1,701$1,263$926$673$371
27 years$2,152$1,601$1,173$848$606$325
28 years$2,053$1,509$1,090$777$547$285
29 years$1,961$1,423$1,015$712$494$250
30 years$1,875$1,344$945$654$446$219
31 years$1,795$1,271$881$601$404$193
32 years$1,720$1,202$822$552$365$169
33 years$1,649$1,138$768$508$330$149
34 years$1,583$1,079$717$467$299$131
35 years$1,521$1,023$670$430$271$115
36 years$1,463$971$627$396$246$101
37 years$1,408$923$587$365$223$89
38 years$1,355$877$550$336$202$78
39 years$1,306$834$515$310$183$69
40 years$1,259$793$483$286$166$60
41 years$1,215$755$453$264$151$53
42 years$1,173$719$425$243$137$47
43 years$1,132$685$398$225$124$41
44 years$1,094$653$374$208$113$36
45 years$1,058$623$351$192$102$32
46 years$1,023$594$330$177$93$28
47 years$990$567$310$164$84$25
48 years$958$541$291$151$76$22
49 years$928$517$274$140$69$19
50 years$899$494$257$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $921,000, adding $6,304 every year, while hoping to spend $26,149 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: 54/37/9 Blend
58$921,000$921,000$921,000$921,000
59$1,021,445$972,632$958,356$1,073,995
60$1,097,810$992,468$962,639$1,130,152
61$1,181,087$1,012,400$966,188$1,187,842
62$1,271,956$1,032,405$968,953$1,250,006
63$1,371,160$1,052,458$970,878$1,317,074
64$1,479,521$1,072,531$971,905$1,389,518
65$1,597,943$1,092,596$971,974$1,467,858
66$1,727,420$1,112,621$971,023$1,552,669
67$1,869,049$1,132,571$968,984$1,644,583
68$2,024,035$1,152,409$965,788$1,744,298
69$2,193,706$1,172,097$961,361$1,852,581
70$2,379,525$1,191,591$955,628$1,970,279
71$2,583,102$1,210,845$948,507$2,098,326
72$2,806,212$1,229,809$939,915$2,237,750
73$3,050,807$1,248,432$929,764$2,389,684
74$3,319,040$1,266,655$917,961$2,555,379
75$3,613,279$1,284,418$904,410$2,736,212
76$3,936,135$1,301,656$889,009$2,933,701
77$4,290,483$1,318,299$871,653$3,149,522
78$4,679,489$1,334,273$852,231$3,385,518
79$5,106,643$1,349,498$830,626$3,643,725
80$5,575,786$1,363,889$806,718$3,926,385
81$6,091,152$1,377,356$780,379$4,235,971
82$6,657,405$1,389,802$751,477$4,575,207
83$7,279,682$1,401,123$719,873$4,947,098
84$7,963,642$1,411,211$685,421$5,354,956
85$8,715,521$1,419,948$647,971$5,802,433
86$9,542,189$1,427,210$607,362$6,293,553
87$10,451,214$1,432,865$563,431$6,832,754
88$11,450,935$1,436,773$516,003$7,424,927
89$12,550,539$1,438,784$464,898$8,075,466
90$13,760,149$1,438,738$409,926$8,790,313
91$15,090,916$1,436,469$350,891$9,576,024
92$16,555,129$1,431,795$287,586$10,439,820
93$18,166,328$1,424,529$219,795$11,389,667
94$19,939,430$1,414,468$147,295$12,434,342
95$21,890,873$1,401,397$69,851$13,583,522
96$24,038,768$1,385,092$0$14,847,874
97$26,403,072$1,365,311$0$16,240,386
98$29,005,774$1,341,799$0$17,780,030
99$31,871,103$1,314,288$0$19,474,405
100$35,025,758$1,282,491$0$21,339,286