Can I retire at age 59 with 929,000?

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 $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%15.9%
1 years$76,716$76,033$75,366$74,715$74,080$72,289
2 years$37,978$37,271$36,585$35,921$35,276$33,483
3 years$25,067$24,357$23,673$23,015$22,381$20,641
4 years$18,613$17,905$17,228$16,581$15,962$14,289
5 years$14,742$14,038$13,370$12,736$12,134$10,532
6 years$12,161$11,463$10,805$10,185$9,601$8,073
7 years$10,319$9,626$8,979$8,374$7,808$6,353
8 years$8,938$8,252$7,615$7,024$6,478$5,095
9 years$7,865$7,185$6,559$5,983$5,455$4,144
10 years$7,006$6,333$5,718$5,158$4,648$3,407
11 years$6,304$5,638$5,034$4,489$3,998$2,825
12 years$5,720$5,060$4,467$3,937$3,464$2,358
13 years$5,226$4,573$3,991$3,476$3,021$1,979
14 years$4,803$4,157$3,586$3,086$2,648$1,668
15 years$4,436$3,797$3,238$2,752$2,332$1,411
16 years$4,116$3,484$2,936$2,464$2,061$1,197
17 years$3,833$3,208$2,671$2,214$1,827$1,018
18 years$3,583$2,965$2,439$1,995$1,625$868
19 years$3,359$2,748$2,232$1,803$1,448$741
20 years$3,157$2,553$2,049$1,633$1,293$634
21 years$2,975$2,378$1,884$1,482$1,157$543
22 years$2,810$2,220$1,737$1,347$1,037$465
23 years$2,660$2,076$1,604$1,227$931$399
24 years$2,522$1,945$1,483$1,119$837$343
25 years$2,395$1,826$1,374$1,022$753$295
26 years$2,278$1,716$1,274$934$678$253
27 years$2,171$1,615$1,183$855$612$218
28 years$2,071$1,522$1,100$784$552$188
29 years$1,978$1,435$1,023$719$498$161
30 years$1,891$1,356$953$660$450$139
31 years$1,810$1,282$889$606$407$120
32 years$1,735$1,213$829$557$368$103
33 years$1,664$1,148$774$512$333$89
34 years$1,597$1,088$723$471$302$77
35 years$1,534$1,032$676$434$273$66
36 years$1,475$980$633$399$248$57
37 years$1,420$931$592$368$224$49
38 years$1,367$884$555$339$203$42
39 years$1,317$841$520$313$185$37
40 years$1,270$800$487$288$167$32
41 years$1,225$762$457$266$152$27
42 years$1,183$725$428$246$138$23
43 years$1,142$691$402$227$125$20
44 years$1,104$659$377$209$114$17
45 years$1,067$628$354$193$103$15
46 years$1,032$599$333$179$94$13
47 years$999$572$313$165$85$11
48 years$967$546$294$152$77$10
49 years$936$521$276$141$70$8
50 years$907$498$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $929,000, adding $3,476 every year, while hoping to spend $36,283 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: 37/34/29 Blend
58$929,000$929,000$929,000$929,000
59$1,027,343$978,106$963,707$1,056,348
60$1,093,528$987,429$957,386$1,087,470
61$1,165,247$995,992$949,638$1,117,522
62$1,243,027$1,003,720$940,376$1,149,297
63$1,327,446$1,010,534$929,509$1,182,974
64$1,419,142$1,016,346$916,944$1,218,755
65$1,518,814$1,021,067$902,581$1,256,862
66$1,627,233$1,024,598$886,317$1,297,545
67$1,745,245$1,026,838$868,043$1,341,079
68$1,873,784$1,027,677$847,647$1,387,773
69$2,013,875$1,026,999$825,008$1,437,966
70$2,166,648$1,024,680$800,004$1,492,040
71$2,333,346$1,020,589$772,504$1,550,414
72$2,515,337$1,014,587$742,372$1,613,557
73$2,714,126$1,006,526$709,466$1,681,987
74$2,931,371$996,251$673,638$1,756,280
75$3,168,899$983,595$634,732$1,837,076
76$3,428,718$968,382$592,587$1,925,081
77$3,713,041$950,427$547,033$2,021,082
78$4,024,305$929,531$497,892$2,125,948
79$4,365,192$905,486$444,979$2,240,643
80$4,738,658$878,072$388,103$2,366,236
81$5,147,956$847,052$327,059$2,503,909
82$5,596,670$812,180$261,638$2,654,972
83$6,088,747$773,194$191,620$2,820,876
84$6,628,534$729,815$116,774$3,003,224
85$7,220,820$681,751$36,861$3,203,793
86$7,870,878$628,692$0$3,424,548
87$8,584,519$570,309$0$3,682,645
88$9,368,142$506,256$0$3,978,653
89$10,228,796$436,166$0$4,303,895
90$11,174,248$359,653$0$4,661,400
91$12,213,052$276,307$0$5,054,509
92$13,354,634$185,696$0$5,486,911
93$14,609,376$87,365$0$5,962,676
94$15,988,718$0$0$6,486,296
95$17,505,263$0$0$7,069,898
96$19,172,894$0$0$7,747,725
97$21,006,910$0$0$8,493,327
98$23,024,164$0$0$9,313,573
99$25,243,226$0$0$10,216,033
100$27,684,557$0$0$11,209,047