Can I retire at age 59 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$76,138$75,460$74,798$74,152$73,522$72,603
2 years$37,692$36,990$36,310$35,650$35,010$34,086
3 years$24,878$24,173$23,495$22,841$22,212$21,311
4 years$18,473$17,770$17,098$16,456$15,842$14,970
5 years$14,631$13,932$13,269$12,640$12,043$11,204
6 years$12,070$11,376$10,723$10,108$9,529$8,723
7 years$10,241$9,554$8,911$8,310$7,750$6,978
8 years$8,871$8,189$7,557$6,971$6,429$5,691
9 years$7,805$7,130$6,509$5,938$5,414$4,710
10 years$6,953$6,285$5,675$5,119$4,613$3,942
11 years$6,257$5,595$4,996$4,455$3,967$3,328
12 years$5,677$5,022$4,434$3,907$3,438$2,831
13 years$5,186$4,538$3,961$3,450$2,998$2,421
14 years$4,766$4,125$3,559$3,062$2,628$2,081
15 years$4,403$3,769$3,214$2,731$2,314$1,796
16 years$4,085$3,458$2,914$2,445$2,045$1,556
17 years$3,805$3,184$2,651$2,197$1,813$1,351
18 years$3,556$2,942$2,420$1,980$1,612$1,176
19 years$3,333$2,727$2,216$1,789$1,437$1,026
20 years$3,134$2,534$2,033$1,620$1,284$897
21 years$2,953$2,360$1,870$1,471$1,149$785
22 years$2,789$2,203$1,724$1,337$1,030$688
23 years$2,640$2,061$1,592$1,218$924$604
24 years$2,503$1,931$1,472$1,111$831$531
25 years$2,377$1,812$1,363$1,014$748$467
26 years$2,261$1,703$1,264$927$673$411
27 years$2,154$1,603$1,174$849$607$361
28 years$2,055$1,510$1,091$778$548$319
29 years$1,963$1,425$1,016$713$495$281
30 years$1,877$1,345$946$655$447$248
31 years$1,797$1,272$882$601$404$218
32 years$1,722$1,203$823$552$366$193
33 years$1,651$1,140$768$508$331$170
34 years$1,585$1,080$718$467$300$150
35 years$1,523$1,025$671$430$271$133
36 years$1,464$972$628$396$246$117
37 years$1,409$924$588$365$223$104
38 years$1,357$878$550$337$202$92
39 years$1,307$835$516$310$183$81
40 years$1,261$794$483$286$166$72
41 years$1,216$756$453$264$151$63
42 years$1,174$720$425$244$137$56
43 years$1,134$686$399$225$124$50
44 years$1,095$654$374$208$113$44
45 years$1,059$623$352$192$102$39
46 years$1,024$595$330$177$93$34
47 years$991$568$310$164$84$30
48 years$959$542$292$151$77$27
49 years$929$517$274$140$70$24
50 years$900$494$258$129$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $922,000, adding $6,803 every year, while hoping to spend $27,518 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: 80/8/12 Blend
58$922,000$922,000$922,000$922,000
59$1,023,061$974,195$959,904$1,102,104
60$1,098,135$992,652$962,782$1,173,445
61$1,179,943$1,011,091$964,834$1,247,452
62$1,269,145$1,029,482$966,004$1,327,865
63$1,366,464$1,047,792$966,231$1,415,314
64$1,472,697$1,065,988$965,453$1,510,491
65$1,588,722$1,084,031$963,606$1,614,157
66$1,715,504$1,101,882$960,620$1,727,152
67$1,854,108$1,119,496$956,422$1,850,402
68$2,005,702$1,136,827$950,938$1,984,925
69$2,171,578$1,153,825$944,089$2,131,844
70$2,353,154$1,170,438$935,790$2,292,395
71$2,551,993$1,186,606$925,957$2,467,941
72$2,769,816$1,202,270$914,496$2,659,983
73$3,008,519$1,217,363$901,313$2,870,175
74$3,270,189$1,231,815$886,309$3,100,340
75$3,557,126$1,245,551$869,378$3,352,484
76$3,871,862$1,258,493$850,411$3,628,820
77$4,217,186$1,270,553$829,294$3,931,787
78$4,596,171$1,281,642$805,907$4,264,070
79$5,012,200$1,291,662$780,125$4,628,629
80$5,469,001$1,300,511$751,816$5,028,726
81$5,970,682$1,308,078$720,844$5,467,955
82$6,521,765$1,314,247$687,066$5,950,276
83$7,127,233$1,318,894$650,331$6,480,055
84$7,792,578$1,321,886$610,484$7,062,100
85$8,523,846$1,323,084$567,360$7,701,712
86$9,327,700$1,322,337$520,789$8,404,731
87$10,211,483$1,319,488$470,592$9,177,594
88$11,183,280$1,314,369$416,583$10,027,394
89$12,252,002$1,306,802$358,567$10,961,946
90$13,427,468$1,296,596$296,340$11,989,865
91$14,720,492$1,283,551$229,689$13,120,644
92$16,142,992$1,267,456$158,394$14,364,744
93$17,708,100$1,248,083$82,222$15,733,692
94$19,430,281$1,225,195$932$17,240,195
95$21,325,478$1,198,537$0$18,898,253
96$23,411,254$1,167,843$0$20,734,284
97$25,706,962$1,132,828$0$22,755,145
98$28,233,928$1,093,191$0$24,979,491
99$31,015,646$1,048,616$0$27,428,009
100$34,078,008$998,764$0$30,123,498