Can I retire at age 59 with 928,000?

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 $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%18%
1 years$76,633$75,951$75,285$74,635$74,000$71,603
2 years$37,937$37,231$36,546$35,882$35,238$32,845
3 years$25,040$24,331$23,648$22,990$22,357$20,043
4 years$18,593$17,886$17,209$16,563$15,945$13,729
5 years$14,726$14,023$13,355$12,722$12,121$10,008
6 years$12,148$11,450$10,793$10,174$9,591$7,583
7 years$10,308$9,616$8,969$8,364$7,800$5,897
8 years$8,929$8,243$7,606$7,017$6,471$4,672
9 years$7,856$7,177$6,551$5,977$5,449$3,752
10 years$6,999$6,326$5,712$5,152$4,643$3,044
11 years$6,298$5,632$5,028$4,484$3,993$2,490
12 years$5,714$5,055$4,463$3,933$3,460$2,050
13 years$5,220$4,568$3,987$3,472$3,018$1,696
14 years$4,797$4,152$3,582$3,082$2,645$1,409
15 years$4,431$3,793$3,234$2,749$2,329$1,174
16 years$4,111$3,480$2,933$2,461$2,058$982
17 years$3,829$3,205$2,668$2,211$1,825$822
18 years$3,579$2,962$2,436$1,993$1,623$690
19 years$3,355$2,745$2,230$1,801$1,446$580
20 years$3,154$2,551$2,047$1,631$1,292$488
21 years$2,972$2,376$1,882$1,480$1,156$411
22 years$2,807$2,218$1,735$1,346$1,036$347
23 years$2,657$2,074$1,602$1,226$930$293
24 years$2,519$1,943$1,482$1,118$836$247
25 years$2,393$1,824$1,372$1,021$752$209
26 years$2,276$1,714$1,273$933$678$177
27 years$2,168$1,613$1,182$854$611$149
28 years$2,068$1,520$1,099$783$551$126
29 years$1,975$1,434$1,022$718$498$107
30 years$1,889$1,354$952$659$450$91
31 years$1,808$1,280$888$605$407$77
32 years$1,733$1,211$828$556$368$65
33 years$1,662$1,147$773$511$333$55
34 years$1,595$1,087$723$471$301$47
35 years$1,533$1,031$676$433$273$39
36 years$1,474$979$632$399$247$33
37 years$1,418$930$592$368$224$28
38 years$1,366$883$554$339$203$24
39 years$1,316$840$519$312$184$20
40 years$1,269$799$486$288$167$17
41 years$1,224$761$456$266$152$15
42 years$1,181$725$428$245$138$12
43 years$1,141$690$402$226$125$10
44 years$1,103$658$377$209$113$9
45 years$1,066$628$354$193$103$8
46 years$1,031$599$332$178$93$6
47 years$998$571$312$165$85$5
48 years$966$545$293$152$77$5
49 years$935$521$276$141$70$4
50 years$906$497$259$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $928,000, adding $2,433 every year, while hoping to spend $23,891 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: 25/46/29 Blend
58$928,000$928,000$928,000$928,000
59$1,025,166$975,982$961,598$1,041,444
60$1,104,313$998,385$968,391$1,077,708
61$1,190,732$1,021,085$974,612$1,114,381
62$1,285,140$1,044,072$980,215$1,153,210
63$1,388,326$1,067,333$985,154$1,194,391
64$1,501,158$1,090,855$989,379$1,238,144
65$1,624,592$1,114,623$992,839$1,284,709
66$1,759,682$1,138,621$995,481$1,334,351
67$1,907,586$1,162,830$997,246$1,387,366
68$2,069,582$1,187,230$998,076$1,444,076
69$2,247,075$1,211,800$997,907$1,504,840
70$2,441,614$1,236,516$996,674$1,570,053
71$2,654,903$1,261,350$994,307$1,640,152
72$2,888,822$1,286,275$990,736$1,715,618
73$3,145,439$1,311,260$985,882$1,796,985
74$3,427,033$1,336,270$979,668$1,884,839
75$3,736,113$1,361,270$972,010$1,979,830
76$4,075,444$1,386,220$962,820$2,082,675
77$4,448,072$1,411,078$952,007$2,194,163
78$4,857,351$1,435,796$939,475$2,315,170
79$5,306,978$1,460,327$925,124$2,446,659
80$5,801,023$1,484,616$908,849$2,589,694
81$6,343,971$1,508,606$890,539$2,745,451
82$6,940,764$1,532,236$870,081$2,915,227
83$7,596,847$1,555,440$847,353$3,100,454
84$8,318,215$1,578,147$822,229$3,302,712
85$9,111,477$1,600,280$794,578$3,523,746
86$9,983,914$1,621,760$764,262$3,765,481
87$10,943,546$1,642,499$731,138$4,030,043
88$11,999,210$1,662,403$695,053$4,319,775
89$13,160,643$1,681,376$655,852$4,637,266
90$14,438,575$1,699,309$613,369$4,985,370
91$15,844,825$1,716,091$567,432$5,367,240
92$17,392,419$1,731,601$517,863$5,786,350
93$19,095,707$1,745,710$464,473$6,246,537
94$20,970,502$1,758,283$407,065$6,752,033
95$23,034,228$1,769,174$345,436$7,307,506
96$25,306,083$1,778,227$279,372$7,918,107
97$27,807,221$1,785,278$208,649$8,589,518
98$30,560,954$1,790,152$133,035$9,328,006
99$33,592,964$1,792,663$52,285$10,140,485
100$36,931,556$1,792,613$0$11,034,581