Can I retire at age 59 with 922,000?

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 $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%12.2%
1 years$76,138$75,460$74,798$74,152$73,522$72,845
2 years$37,692$36,990$36,310$35,650$35,010$34,328
3 years$24,878$24,173$23,495$22,841$22,212$21,546
4 years$18,473$17,770$17,098$16,456$15,842$15,197
5 years$14,631$13,932$13,269$12,640$12,043$11,421
6 years$12,070$11,376$10,723$10,108$9,529$8,931
7 years$10,241$9,554$8,911$8,310$7,750$7,176
8 years$8,871$8,189$7,557$6,971$6,429$5,879
9 years$7,805$7,130$6,509$5,938$5,414$4,888
10 years$6,953$6,285$5,675$5,119$4,613$4,111
11 years$6,257$5,595$4,996$4,455$3,967$3,489
12 years$5,677$5,022$4,434$3,907$3,438$2,982
13 years$5,186$4,538$3,961$3,450$2,998$2,564
14 years$4,766$4,125$3,559$3,062$2,628$2,216
15 years$4,403$3,769$3,214$2,731$2,314$1,923
16 years$4,085$3,458$2,914$2,445$2,045$1,674
17 years$3,805$3,184$2,651$2,197$1,813$1,462
18 years$3,556$2,942$2,420$1,980$1,612$1,280
19 years$3,333$2,727$2,216$1,789$1,437$1,124
20 years$3,134$2,534$2,033$1,620$1,284$988
21 years$2,953$2,360$1,870$1,471$1,149$870
22 years$2,789$2,203$1,724$1,337$1,030$767
23 years$2,640$2,061$1,592$1,218$924$677
24 years$2,503$1,931$1,472$1,111$831$599
25 years$2,377$1,812$1,363$1,014$748$530
26 years$2,261$1,703$1,264$927$673$469
27 years$2,154$1,603$1,174$849$607$416
28 years$2,055$1,510$1,091$778$548$369
29 years$1,963$1,425$1,016$713$495$327
30 years$1,877$1,345$946$655$447$290
31 years$1,797$1,272$882$601$404$258
32 years$1,722$1,203$823$552$366$229
33 years$1,651$1,140$768$508$331$204
34 years$1,585$1,080$718$467$300$181
35 years$1,523$1,025$671$430$271$161
36 years$1,464$972$628$396$246$143
37 years$1,409$924$588$365$223$127
38 years$1,357$878$550$337$202$113
39 years$1,307$835$516$310$183$101
40 years$1,261$794$483$286$166$90
41 years$1,216$756$453$264$151$80
42 years$1,174$720$425$244$137$71
43 years$1,134$686$399$225$124$63
44 years$1,095$654$374$208$113$56
45 years$1,059$623$352$192$102$50
46 years$1,024$595$330$177$93$45
47 years$991$568$310$164$84$40
48 years$959$542$292$151$77$36
49 years$929$517$274$140$70$32
50 years$900$494$258$129$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $922,000, adding $5,878 every year, while hoping to spend $57,434 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: 79/10/11 Blend
58$922,000$922,000$922,000$922,000
59$1,022,107$973,241$958,950$1,100,397
60$1,065,253$959,821$929,966$1,139,245
61$1,110,874$943,818$898,085$1,173,831
62$1,159,164$925,045$863,151$1,210,107
63$1,210,330$903,304$824,999$1,248,216
64$1,264,603$878,385$783,456$1,288,317
65$1,322,233$850,066$738,342$1,330,583
66$1,383,493$818,112$689,468$1,375,207
67$1,448,683$782,273$636,639$1,422,401
68$1,518,131$742,287$579,649$1,472,401
69$1,592,195$697,874$518,282$1,525,464
70$1,671,270$648,740$452,315$1,581,878
71$1,755,784$594,573$381,513$1,641,958
72$1,846,212$535,045$305,631$1,706,053
73$1,943,071$469,808$224,415$1,774,549
74$2,046,928$398,492$137,597$1,847,871
75$2,158,408$320,711$44,899$1,926,490
76$2,278,193$236,053$0$2,010,925
77$2,407,034$144,085$0$2,108,091
78$2,545,756$44,350$0$2,218,318
79$2,695,263$0$0$2,337,065
80$2,856,550$0$0$2,472,149
81$3,030,709$0$0$2,623,305
82$3,218,940$0$0$2,786,698
83$3,422,562$0$0$2,963,474
84$3,643,026$0$0$3,154,897
85$3,881,924$0$0$3,362,353
86$4,141,011$0$0$3,587,368
87$4,422,213$0$0$3,831,618
88$4,727,650$0$0$4,096,950
89$5,059,655$0$0$4,385,393
90$5,420,792$0$0$4,699,180
91$5,813,885$0$0$5,040,767
92$6,242,038$0$0$5,412,857
93$6,708,670$0$0$5,818,425
94$7,217,541$0$0$6,260,745
95$7,772,792$0$0$6,743,420
96$8,378,979$0$0$7,270,417
97$9,041,117$0$0$7,846,101
98$9,764,730$0$0$8,475,278
99$10,555,896$0$0$9,163,242
100$11,421,308$0$0$9,915,818