Can I retire at age 59 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$76,633$75,951$75,285$74,635$74,000$71,120
2 years$37,937$37,231$36,546$35,882$35,238$32,371
3 years$25,040$24,331$23,648$22,990$22,357$19,593
4 years$18,593$17,886$17,209$16,563$15,945$13,306
5 years$14,726$14,023$13,355$12,722$12,121$9,614
6 years$12,148$11,450$10,793$10,174$9,591$7,217
7 years$10,308$9,616$8,969$8,364$7,800$5,558
8 years$8,929$8,243$7,606$7,017$6,471$4,358
9 years$7,856$7,177$6,551$5,977$5,449$3,464
10 years$6,999$6,326$5,712$5,152$4,643$2,781
11 years$6,298$5,632$5,028$4,484$3,993$2,250
12 years$5,714$5,055$4,463$3,933$3,460$1,831
13 years$5,220$4,568$3,987$3,472$3,018$1,497
14 years$4,797$4,152$3,582$3,082$2,645$1,229
15 years$4,431$3,793$3,234$2,749$2,329$1,012
16 years$4,111$3,480$2,933$2,461$2,058$836
17 years$3,829$3,205$2,668$2,211$1,825$691
18 years$3,579$2,962$2,436$1,993$1,623$573
19 years$3,355$2,745$2,230$1,801$1,446$476
20 years$3,154$2,551$2,047$1,631$1,292$395
21 years$2,972$2,376$1,882$1,480$1,156$329
22 years$2,807$2,218$1,735$1,346$1,036$273
23 years$2,657$2,074$1,602$1,226$930$228
24 years$2,519$1,943$1,482$1,118$836$190
25 years$2,393$1,824$1,372$1,021$752$158
26 years$2,276$1,714$1,273$933$678$132
27 years$2,168$1,613$1,182$854$611$110
28 years$2,068$1,520$1,099$783$551$92
29 years$1,975$1,434$1,022$718$498$77
30 years$1,889$1,354$952$659$450$64
31 years$1,808$1,280$888$605$407$53
32 years$1,733$1,211$828$556$368$45
33 years$1,662$1,147$773$511$333$37
34 years$1,595$1,087$723$471$301$31
35 years$1,533$1,031$676$433$273$26
36 years$1,474$979$632$399$247$22
37 years$1,418$930$592$368$224$18
38 years$1,366$883$554$339$203$15
39 years$1,316$840$519$312$184$13
40 years$1,269$799$486$288$167$11
41 years$1,224$761$456$266$152$9
42 years$1,181$725$428$245$138$7
43 years$1,141$690$402$226$125$6
44 years$1,103$658$377$209$113$5
45 years$1,066$628$354$193$103$4
46 years$1,031$599$332$178$93$4
47 years$998$571$312$165$85$3
48 years$966$545$293$152$77$3
49 years$935$521$276$141$70$2
50 years$906$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $928,000, adding $4,377 every year, while hoping to spend $41,580 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: 52/21/27 Blend
58$928,000$928,000$928,000$928,000
59$1,027,171$977,987$963,603$1,072,613
60$1,087,702$981,667$951,643$1,108,301
61$1,153,013$984,135$937,888$1,142,533
62$1,223,548$985,285$922,236$1,178,943
63$1,299,795$985,010$904,576$1,217,754
64$1,382,290$983,191$884,795$1,259,217
65$1,471,622$979,706$862,774$1,303,610
66$1,568,439$974,422$838,388$1,351,238
67$1,673,452$967,201$811,506$1,402,445
68$1,787,445$957,895$781,993$1,457,607
69$1,911,279$946,347$749,704$1,517,144
70$2,045,902$932,390$714,492$1,581,521
71$2,192,356$915,849$676,199$1,651,254
72$2,351,788$896,538$634,664$1,726,913
73$2,525,461$874,259$589,715$1,809,129
74$2,714,762$848,802$541,175$1,898,605
75$2,921,221$819,946$488,858$1,996,114
76$3,146,520$787,458$432,569$2,102,516
77$3,392,510$751,088$372,105$2,218,760
78$3,661,230$710,576$307,255$2,345,897
79$3,954,924$665,642$237,796$2,485,092
80$4,276,062$615,995$163,499$2,637,630
81$4,627,366$561,324$84,121$2,804,935
82$5,011,830$501,301$0$2,988,581
83$5,432,751$435,580$0$3,190,478
84$5,893,763$363,795$0$3,438,255
85$6,398,864$285,558$0$3,709,858
86$6,952,460$200,462$0$4,007,719
87$7,559,401$108,075$0$4,334,523
88$8,225,031$7,941$0$4,693,232
89$8,955,234$0$0$5,087,110
90$9,756,491$0$0$5,542,965
91$10,635,944$0$0$6,045,418
92$11,601,456$0$0$6,597,139
93$12,661,690$0$0$7,203,090
94$13,826,191$0$0$7,868,740
95$15,105,470$0$0$8,600,110
96$16,511,109$0$0$9,403,836
97$18,055,867$0$0$10,287,227
98$19,753,800$0$0$11,258,336
99$21,620,394$0$0$12,326,035
100$23,672,709$0$0$13,500,099