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%12.3%
1 years$76,633$75,951$75,285$74,635$74,000$73,288
2 years$37,937$37,231$36,546$35,882$35,238$34,521
3 years$25,040$24,331$23,648$22,990$22,357$21,656
4 years$18,593$17,886$17,209$16,563$15,945$15,267
5 years$14,726$14,023$13,355$12,722$12,121$11,468
6 years$12,148$11,450$10,793$10,174$9,591$8,963
7 years$10,308$9,616$8,969$8,364$7,800$7,197
8 years$8,929$8,243$7,606$7,017$6,471$5,894
9 years$7,856$7,177$6,551$5,977$5,449$4,897
10 years$6,999$6,326$5,712$5,152$4,643$4,116
11 years$6,298$5,632$5,028$4,484$3,993$3,491
12 years$5,714$5,055$4,463$3,933$3,460$2,982
13 years$5,220$4,568$3,987$3,472$3,018$2,562
14 years$4,797$4,152$3,582$3,082$2,645$2,213
15 years$4,431$3,793$3,234$2,749$2,329$1,919
16 years$4,111$3,480$2,933$2,461$2,058$1,670
17 years$3,829$3,205$2,668$2,211$1,825$1,457
18 years$3,579$2,962$2,436$1,993$1,623$1,275
19 years$3,355$2,745$2,230$1,801$1,446$1,118
20 years$3,154$2,551$2,047$1,631$1,292$982
21 years$2,972$2,376$1,882$1,480$1,156$864
22 years$2,807$2,218$1,735$1,346$1,036$762
23 years$2,657$2,074$1,602$1,226$930$672
24 years$2,519$1,943$1,482$1,118$836$594
25 years$2,393$1,824$1,372$1,021$752$525
26 years$2,276$1,714$1,273$933$678$464
27 years$2,168$1,613$1,182$854$611$411
28 years$2,068$1,520$1,099$783$551$364
29 years$1,975$1,434$1,022$718$498$323
30 years$1,889$1,354$952$659$450$287
31 years$1,808$1,280$888$605$407$254
32 years$1,733$1,211$828$556$368$226
33 years$1,662$1,147$773$511$333$200
34 years$1,595$1,087$723$471$301$178
35 years$1,533$1,031$676$433$273$158
36 years$1,474$979$632$399$247$141
37 years$1,418$930$592$368$224$125
38 years$1,366$883$554$339$203$111
39 years$1,316$840$519$312$184$99
40 years$1,269$799$486$288$167$88
41 years$1,224$761$456$266$152$78
42 years$1,181$725$428$245$138$70
43 years$1,141$690$402$226$125$62
44 years$1,103$658$377$209$113$55
45 years$1,066$628$354$193$103$49
46 years$1,031$599$332$178$93$44
47 years$998$571$312$165$85$39
48 years$966$545$293$152$77$35
49 years$935$521$276$141$70$31
50 years$906$497$259$130$64$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $928,000, adding $4,659 every year, while hoping to spend $29,344 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: 81/8/11 Blend
58$928,000$928,000$928,000$928,000
59$1,027,462$978,278$963,894$1,108,377
60$1,101,041$994,992$964,962$1,178,830
61$1,181,142$1,011,541$965,083$1,251,821
62$1,268,399$1,027,887$964,194$1,331,070
63$1,363,509$1,043,987$962,228$1,417,190
64$1,467,242$1,059,797$959,117$1,510,854
65$1,580,441$1,075,268$954,789$1,612,805
66$1,704,039$1,090,349$949,167$1,723,860
67$1,839,059$1,104,984$942,172$1,844,922
68$1,986,629$1,119,114$933,721$1,976,981
69$2,147,991$1,132,676$923,726$2,121,131
70$2,324,511$1,145,603$912,096$2,278,577
71$2,517,696$1,157,822$898,736$2,450,645
72$2,729,202$1,169,256$883,544$2,638,797
73$2,960,854$1,179,823$866,417$2,844,643
74$3,214,664$1,189,437$847,245$3,069,958
75$3,492,843$1,198,003$825,911$3,316,698
76$3,797,831$1,205,423$802,297$3,587,015
77$4,132,313$1,211,592$776,277$3,883,285
78$4,499,245$1,216,396$747,718$4,208,123
79$4,901,885$1,219,717$716,484$4,564,411
80$5,343,822$1,221,428$682,431$4,955,325
81$5,829,008$1,221,394$645,408$5,384,365
82$6,361,796$1,219,471$605,259$5,855,387
83$6,946,983$1,215,509$561,819$6,372,641
84$7,589,852$1,209,346$514,917$6,940,811
85$8,296,224$1,200,810$464,373$7,565,056
86$9,072,509$1,189,721$410,000$8,251,065
87$9,925,774$1,175,885$351,603$9,005,104
88$10,863,799$1,159,100$288,978$9,834,081
89$11,895,158$1,139,148$221,911$10,745,606
90$13,029,299$1,115,801$150,180$11,748,067
91$14,276,629$1,088,816$73,552$12,850,707
92$15,648,613$1,057,937$0$14,063,713
93$17,157,888$1,022,891$0$15,399,276
94$18,818,371$983,392$0$16,878,078
95$20,645,400$939,133$0$18,505,140
96$22,655,874$889,794$0$20,295,521
97$24,868,413$835,034$0$22,265,812
98$27,303,533$774,492$0$24,434,295
99$29,983,839$707,788$0$26,821,117
100$32,934,239$634,518$0$29,448,477