Can I retire at age 59 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$76,881$76,196$75,528$74,876$74,239$71,266
2 years$38,060$37,351$36,664$35,998$35,352$32,393
3 years$25,121$24,409$23,724$23,064$22,429$19,578
4 years$18,653$17,943$17,265$16,617$15,996$13,276
5 years$14,773$14,068$13,398$12,763$12,160$9,577
6 years$12,188$11,487$10,828$10,207$9,622$7,177
7 years$10,341$9,647$8,998$8,392$7,825$5,518
8 years$8,957$8,269$7,631$7,039$6,492$4,319
9 years$7,882$7,200$6,573$5,996$5,467$3,426
10 years$7,021$6,346$5,730$5,169$4,658$2,745
11 years$6,318$5,650$5,045$4,498$4,006$2,217
12 years$5,732$5,071$4,477$3,946$3,472$1,801
13 years$5,237$4,583$4,000$3,483$3,027$1,469
14 years$4,813$4,166$3,594$3,092$2,654$1,204
15 years$4,446$3,805$3,245$2,758$2,337$989
16 years$4,125$3,491$2,942$2,469$2,065$815
17 years$3,842$3,215$2,677$2,219$1,831$673
18 years$3,591$2,971$2,444$1,999$1,628$556
19 years$3,366$2,754$2,237$1,807$1,451$461
20 years$3,164$2,559$2,053$1,636$1,296$382
21 years$2,982$2,383$1,889$1,485$1,160$317
22 years$2,816$2,225$1,741$1,350$1,040$263
23 years$2,665$2,081$1,607$1,230$933$218
24 years$2,527$1,950$1,486$1,121$839$182
25 years$2,400$1,830$1,377$1,024$755$151
26 years$2,283$1,720$1,277$936$680$126
27 years$2,175$1,618$1,186$857$613$105
28 years$2,075$1,525$1,102$785$553$87
29 years$1,982$1,439$1,026$720$499$72
30 years$1,895$1,359$955$661$451$60
31 years$1,814$1,284$891$607$408$50
32 years$1,738$1,215$831$558$369$42
33 years$1,667$1,151$776$513$334$35
34 years$1,601$1,091$725$472$302$29
35 years$1,538$1,035$678$435$274$24
36 years$1,479$982$634$400$248$20
37 years$1,423$933$593$369$225$17
38 years$1,370$886$556$340$204$14
39 years$1,320$843$521$313$185$12
40 years$1,273$802$488$289$168$10
41 years$1,228$763$458$267$152$8
42 years$1,185$727$429$246$138$7
43 years$1,145$693$403$227$125$6
44 years$1,106$660$378$210$114$5
45 years$1,069$630$355$194$103$4
46 years$1,034$601$333$179$94$3
47 years$1,001$573$313$165$85$3
48 years$969$547$294$153$77$2
49 years$938$522$277$141$70$2
50 years$909$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $931,000, adding $4,855 every year, while hoping to spend $50,882 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: 62/30/8 Blend
58$931,000$931,000$931,000$931,000
59$1,030,970$981,627$967,196$1,092,882
60$1,081,991$975,589$945,459$1,128,812
61$1,136,510$967,549$921,289$1,161,671
62$1,194,832$957,356$894,550$1,196,242
63$1,257,288$944,850$865,100$1,232,690
64$1,324,243$929,859$832,792$1,271,199
65$1,396,096$912,203$797,472$1,311,971
66$1,473,288$891,690$758,977$1,355,233
67$1,556,298$868,118$717,138$1,401,238
68$1,645,657$841,273$671,778$1,450,264
69$1,741,945$810,926$622,714$1,502,621
70$1,845,800$776,838$569,751$1,558,654
71$1,957,922$738,754$512,689$1,618,745
72$2,079,083$696,405$451,316$1,683,319
73$2,210,127$649,507$385,413$1,752,845
74$2,351,986$597,759$314,750$1,827,847
75$2,505,682$540,842$239,088$1,908,903
76$2,672,339$478,421$158,175$1,996,655
77$2,853,195$410,141$71,750$2,091,815
78$3,049,608$335,625$0$2,195,172
79$3,263,075$254,478$0$2,309,347
80$3,495,242$166,280$0$2,440,210
81$3,747,919$70,590$0$2,582,729
82$4,023,097$0$0$2,738,116
83$4,322,970$0$0$2,918,630
84$4,649,950$0$0$3,140,933
85$5,006,692$0$0$3,383,536
86$5,396,119$0$0$3,648,435
87$5,821,448$0$0$3,937,827
88$6,286,220$0$0$4,254,130
89$6,794,335$0$0$4,600,007
90$7,350,086$0$0$4,978,391
91$7,958,200$0$0$5,392,509
92$8,623,881$0$0$5,845,916
93$9,352,860$0$0$6,342,526
94$10,151,450$0$0$6,886,651
95$11,026,601$0$0$7,483,039
96$11,985,967$0$0$8,136,917
97$13,037,981$0$0$8,854,045
98$14,191,928$0$0$9,640,766
99$15,458,035$0$0$10,504,066
100$16,847,569$0$0$11,451,641