Can I retire at age 59 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$76,468$75,787$75,123$74,474$73,841$71,363
2 years$37,856$37,151$36,467$35,805$35,162$32,690
3 years$24,986$24,278$23,597$22,940$22,308$19,920
4 years$18,553$17,847$17,172$16,527$15,910$13,624
5 years$14,694$13,992$13,326$12,695$12,095$9,916
6 years$12,122$11,426$10,770$10,152$9,570$7,501
7 years$10,286$9,595$8,950$8,346$7,783$5,823
8 years$8,909$8,225$7,590$7,002$6,457$4,605
9 years$7,839$7,161$6,537$5,964$5,438$3,691
10 years$6,984$6,312$5,699$5,141$4,633$2,989
11 years$6,284$5,620$5,018$4,474$3,985$2,441
12 years$5,701$5,044$4,453$3,924$3,453$2,005
13 years$5,209$4,558$3,978$3,465$3,011$1,656
14 years$4,787$4,143$3,575$3,076$2,640$1,373
15 years$4,422$3,785$3,227$2,743$2,324$1,142
16 years$4,103$3,473$2,926$2,456$2,054$952
17 years$3,821$3,198$2,663$2,207$1,821$796
18 years$3,571$2,955$2,431$1,989$1,619$667
19 years$3,348$2,739$2,225$1,797$1,443$559
20 years$3,147$2,545$2,042$1,627$1,289$469
21 years$2,966$2,371$1,878$1,477$1,154$395
22 years$2,801$2,213$1,731$1,343$1,034$332
23 years$2,651$2,070$1,598$1,223$928$280
24 years$2,514$1,939$1,478$1,115$834$236
25 years$2,387$1,820$1,369$1,019$751$199
26 years$2,271$1,710$1,270$931$676$167
27 years$2,164$1,610$1,179$853$610$141
28 years$2,064$1,517$1,096$781$550$119
29 years$1,971$1,431$1,020$716$497$101
30 years$1,885$1,351$950$657$449$85
31 years$1,804$1,277$886$604$406$72
32 years$1,729$1,209$827$555$367$61
33 years$1,658$1,145$772$510$332$51
34 years$1,592$1,085$721$469$301$43
35 years$1,530$1,029$674$432$272$37
36 years$1,471$977$631$398$247$31
37 years$1,415$928$590$367$224$26
38 years$1,363$882$553$338$203$22
39 years$1,313$838$518$312$184$19
40 years$1,266$798$485$287$167$16
41 years$1,221$759$455$265$151$13
42 years$1,179$723$427$245$137$11
43 years$1,139$689$401$226$125$10
44 years$1,100$657$376$209$113$8
45 years$1,064$626$353$193$103$7
46 years$1,029$597$332$178$93$6
47 years$995$570$312$164$85$5
48 years$964$544$293$152$77$4
49 years$933$520$275$140$70$3
50 years$904$496$259$130$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $926,000, adding $2,015 every year, while hoping to spend $58,562 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: 37/41/22 Blend
58$926,000$926,000$926,000$926,000
59$1,022,530$973,452$959,099$1,053,534
60$1,064,519$958,842$928,920$1,061,706
61$1,108,828$941,553$895,766$1,064,927
62$1,155,631$921,392$859,478$1,067,221
63$1,205,121$898,155$819,885$1,068,539
64$1,257,504$871,626$776,812$1,068,835
65$1,313,008$841,574$730,074$1,068,059
66$1,371,881$807,758$679,478$1,066,166
67$1,434,395$769,921$624,823$1,063,109
68$1,500,848$727,791$565,898$1,058,846
69$1,571,563$681,081$502,484$1,053,335
70$1,646,896$629,487$434,351$1,046,540
71$1,727,236$572,690$361,259$1,038,425
72$1,813,011$510,348$282,958$1,028,963
73$1,904,687$442,104$199,186$1,018,130
74$2,002,776$367,578$109,670$1,005,911
75$2,107,841$286,371$14,125$992,297
76$2,220,497$198,059$0$977,291
77$2,341,420$102,196$0$981,524
78$2,471,351$0$0$989,283
79$2,611,106$0$0$998,128
80$2,761,577$0$0$1,057,385
81$2,923,747$0$0$1,121,347
82$3,098,693$0$0$1,190,450
83$3,287,601$0$0$1,265,175
84$3,491,772$0$0$1,346,052
85$3,712,637$0$0$1,433,660
86$3,951,768$0$0$1,528,639
87$4,210,894$0$0$1,631,692
88$4,491,917$0$0$1,743,590
89$4,796,926$0$0$1,865,185
90$5,128,222$0$0$1,997,410
91$5,488,334$0$0$2,141,294
92$5,880,043$0$0$2,297,969
93$6,306,411$0$0$2,468,681
94$6,770,807$0$0$2,654,798
95$7,276,937$0$0$2,857,831
96$7,828,882$0$0$3,079,439
97$8,431,129$0$0$3,321,449
98$9,088,623$0$0$3,585,874
99$9,806,803$0$0$3,874,927
100$10,591,659$0$0$4,191,047