Can I retire at age 59 with 929,000?

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 $929,000?

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$76,716$76,033$75,366$74,715$74,080$73,367
2 years$37,978$37,271$36,585$35,921$35,276$34,558
3 years$25,067$24,357$23,673$23,015$22,381$21,680
4 years$18,613$17,905$17,228$16,581$15,962$15,284
5 years$14,742$14,038$13,370$12,736$12,134$11,480
6 years$12,161$11,463$10,805$10,185$9,601$8,973
7 years$10,319$9,626$8,979$8,374$7,808$7,205
8 years$8,938$8,252$7,615$7,024$6,478$5,900
9 years$7,865$7,185$6,559$5,983$5,455$4,903
10 years$7,006$6,333$5,718$5,158$4,648$4,121
11 years$6,304$5,638$5,034$4,489$3,998$3,494
12 years$5,720$5,060$4,467$3,937$3,464$2,985
13 years$5,226$4,573$3,991$3,476$3,021$2,565
14 years$4,803$4,157$3,586$3,086$2,648$2,215
15 years$4,436$3,797$3,238$2,752$2,332$1,921
16 years$4,116$3,484$2,936$2,464$2,061$1,672
17 years$3,833$3,208$2,671$2,214$1,827$1,459
18 years$3,583$2,965$2,439$1,995$1,625$1,277
19 years$3,359$2,748$2,232$1,803$1,448$1,119
20 years$3,157$2,553$2,049$1,633$1,293$983
21 years$2,975$2,378$1,884$1,482$1,157$865
22 years$2,810$2,220$1,737$1,347$1,037$763
23 years$2,660$2,076$1,604$1,227$931$673
24 years$2,522$1,945$1,483$1,119$837$594
25 years$2,395$1,826$1,374$1,022$753$525
26 years$2,278$1,716$1,274$934$678$465
27 years$2,171$1,615$1,183$855$612$412
28 years$2,071$1,522$1,100$784$552$365
29 years$1,978$1,435$1,023$719$498$323
30 years$1,891$1,356$953$660$450$287
31 years$1,810$1,282$889$606$407$255
32 years$1,735$1,213$829$557$368$226
33 years$1,664$1,148$774$512$333$201
34 years$1,597$1,088$723$471$302$178
35 years$1,534$1,032$676$434$273$158
36 years$1,475$980$633$399$248$141
37 years$1,420$931$592$368$224$125
38 years$1,367$884$555$339$203$111
39 years$1,317$841$520$313$185$99
40 years$1,270$800$487$288$167$88
41 years$1,225$762$457$266$152$78
42 years$1,183$725$428$246$138$70
43 years$1,142$691$402$227$125$62
44 years$1,104$659$377$209$114$55
45 years$1,067$628$354$193$103$49
46 years$1,032$599$333$179$94$44
47 years$999$572$313$165$85$39
48 years$967$546$294$152$77$35
49 years$936$521$276$141$70$31
50 years$907$498$260$130$64$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $929,000, adding $3,191 every year, while hoping to spend $26,606 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: 65/25/10 Blend
58$929,000$929,000$929,000$929,000
59$1,027,050$977,813$963,413$1,091,406
60$1,103,500$997,417$967,379$1,154,307
61$1,186,857$1,017,090$970,586$1,219,579
62$1,277,796$1,036,807$972,980$1,290,212
63$1,377,062$1,056,542$974,506$1,366,728
64$1,485,475$1,076,265$975,105$1,449,698
65$1,603,936$1,095,945$974,713$1,539,755
66$1,733,440$1,115,548$973,268$1,637,595
67$1,875,078$1,135,037$970,700$1,743,984
68$2,030,056$1,154,373$966,938$1,859,768
69$2,199,698$1,173,515$961,907$1,985,876
70$2,385,465$1,192,415$955,529$2,123,335
71$2,588,965$1,211,025$947,721$2,273,275
72$2,811,967$1,229,293$938,398$2,436,941
73$3,056,421$1,247,162$927,468$2,615,706
74$3,324,476$1,264,573$914,838$2,811,084
75$3,618,495$1,281,460$900,407$3,024,740
76$3,941,084$1,297,754$884,074$3,258,512
77$4,295,113$1,313,382$865,729$3,514,425
78$4,683,742$1,328,265$845,258$3,794,711
79$5,110,453$1,342,319$822,543$4,101,830
80$5,579,081$1,355,455$797,460$4,438,492
81$6,093,851$1,367,575$769,879$4,807,686
82$6,659,416$1,378,580$739,663$5,212,704
83$7,280,906$1,388,359$706,670$5,657,176
84$7,963,967$1,396,798$670,753$6,145,103
85$8,714,824$1,403,773$631,755$6,680,894
86$9,540,332$1,409,154$589,515$7,269,409
87$10,448,044$1,412,801$543,862$7,916,006
88$11,446,283$1,414,566$494,620$8,626,587
89$12,544,218$1,414,294$441,603$9,407,660
90$13,751,949$1,411,815$384,618$10,266,399
91$15,080,608$1,406,955$323,463$11,210,707
92$16,542,459$1,399,524$257,927$12,249,300
93$18,151,012$1,389,323$187,790$13,391,780
94$19,921,156$1,376,140$112,822$14,648,732
95$21,869,295$1,359,752$32,783$16,031,824
96$24,013,504$1,339,921$0$17,553,914
97$26,373,699$1,316,395$0$19,234,792
98$28,971,824$1,288,906$0$21,088,560
99$31,832,061$1,257,173$0$23,128,964
100$34,981,053$1,220,896$0$25,375,009