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%11.6%
1 years$76,138$75,460$74,798$74,152$73,522$73,028
2 years$37,692$36,990$36,310$35,650$35,010$34,512
3 years$24,878$24,173$23,495$22,841$22,212$21,725
4 years$18,473$17,770$17,098$16,456$15,842$15,370
5 years$14,631$13,932$13,269$12,640$12,043$11,587
6 years$12,070$11,376$10,723$10,108$9,529$9,090
7 years$10,241$9,554$8,911$8,310$7,750$7,328
8 years$8,871$8,189$7,557$6,971$6,429$6,025
9 years$7,805$7,130$6,509$5,938$5,414$5,027
10 years$6,953$6,285$5,675$5,119$4,613$4,243
11 years$6,257$5,595$4,996$4,455$3,967$3,614
12 years$5,677$5,022$4,434$3,907$3,438$3,100
13 years$5,186$4,538$3,961$3,450$2,998$2,676
14 years$4,766$4,125$3,559$3,062$2,628$2,322
15 years$4,403$3,769$3,214$2,731$2,314$2,023
16 years$4,085$3,458$2,914$2,445$2,045$1,769
17 years$3,805$3,184$2,651$2,197$1,813$1,551
18 years$3,556$2,942$2,420$1,980$1,612$1,364
19 years$3,333$2,727$2,216$1,789$1,437$1,202
20 years$3,134$2,534$2,033$1,620$1,284$1,062
21 years$2,953$2,360$1,870$1,471$1,149$939
22 years$2,789$2,203$1,724$1,337$1,030$832
23 years$2,640$2,061$1,592$1,218$924$738
24 years$2,503$1,931$1,472$1,111$831$655
25 years$2,377$1,812$1,363$1,014$748$582
26 years$2,261$1,703$1,264$927$673$518
27 years$2,154$1,603$1,174$849$607$461
28 years$2,055$1,510$1,091$778$548$411
29 years$1,963$1,425$1,016$713$495$367
30 years$1,877$1,345$946$655$447$327
31 years$1,797$1,272$882$601$404$292
32 years$1,722$1,203$823$552$366$261
33 years$1,651$1,140$768$508$331$233
34 years$1,585$1,080$718$467$300$208
35 years$1,523$1,025$671$430$271$186
36 years$1,464$972$628$396$246$166
37 years$1,409$924$588$365$223$149
38 years$1,357$878$550$337$202$133
39 years$1,307$835$516$310$183$119
40 years$1,261$794$483$286$166$106
41 years$1,216$756$453$264$151$95
42 years$1,174$720$425$244$137$85
43 years$1,134$686$399$225$124$76
44 years$1,095$654$374$208$113$68
45 years$1,059$623$352$192$102$61
46 years$1,024$595$330$177$93$55
47 years$991$568$310$164$84$49
48 years$959$542$292$151$77$44
49 years$929$517$274$140$70$39
50 years$900$494$258$129$63$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $922,000, adding $4,294 every year, while hoping to spend $54,151 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: 61/16/23 Blend
58$922,000$922,000$922,000$922,000
59$1,020,473$971,607$957,316$1,076,272
60$1,066,945$961,600$931,770$1,104,584
61$1,116,343$949,287$903,553$1,129,157
62$1,168,906$934,499$872,519$1,154,778
63$1,224,900$917,055$838,514$1,181,557
64$1,284,614$896,765$801,378$1,209,620
65$1,348,364$873,425$760,944$1,239,105
66$1,416,497$846,823$717,035$1,270,168
67$1,489,393$816,731$669,469$1,302,983
68$1,567,470$782,910$618,055$1,337,746
69$1,651,185$745,105$562,593$1,374,672
70$1,741,039$703,049$502,874$1,414,006
71$1,837,584$656,457$438,678$1,456,019
72$1,941,424$605,029$369,780$1,501,011
73$2,053,221$548,448$295,940$1,549,320
74$2,173,707$486,378$216,911$1,601,320
75$2,303,679$418,466$132,432$1,657,429
76$2,444,019$344,335$42,233$1,718,110
77$2,595,693$263,592$0$1,783,881
78$2,759,763$175,817$0$1,868,572
79$2,937,396$80,569$0$1,971,487
80$3,129,876$0$0$2,083,034
81$3,338,614$0$0$2,208,060
82$3,565,162$0$0$2,359,209
83$3,811,227$0$0$2,523,443
84$4,078,688$0$0$2,702,021
85$4,369,609$0$0$2,896,331
86$4,686,262$0$0$3,107,901
87$5,031,150$0$0$3,338,409
88$5,407,023$0$0$3,589,704
89$5,816,911$0$0$3,863,820
90$6,264,145$0$0$4,162,998
91$6,752,395$0$0$4,489,701
92$7,285,701$0$0$4,846,644
93$7,868,507$0$0$5,236,813
94$8,505,708$0$0$5,663,497
95$9,202,695$0$0$6,130,318
96$9,965,400$0$0$6,641,262
97$10,800,359$0$0$7,200,721
98$11,714,765$0$0$7,813,529
99$12,716,543$0$0$8,485,011
100$13,814,419$0$0$9,221,031