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%19.7%
1 years$76,881$76,196$75,528$74,876$74,239$71,350
2 years$38,060$37,351$36,664$35,998$35,352$32,476
3 years$25,121$24,409$23,724$23,064$22,429$19,657
4 years$18,653$17,943$17,265$16,617$15,996$13,349
5 years$14,773$14,068$13,398$12,763$12,160$9,645
6 years$12,188$11,487$10,828$10,207$9,622$7,240
7 years$10,341$9,647$8,998$8,392$7,825$5,576
8 years$8,957$8,269$7,631$7,039$6,492$4,373
9 years$7,882$7,200$6,573$5,996$5,467$3,475
10 years$7,021$6,346$5,730$5,169$4,658$2,790
11 years$6,318$5,650$5,045$4,498$4,006$2,257
12 years$5,732$5,071$4,477$3,946$3,472$1,837
13 years$5,237$4,583$4,000$3,483$3,027$1,502
14 years$4,813$4,166$3,594$3,092$2,654$1,233
15 years$4,446$3,805$3,245$2,758$2,337$1,016
16 years$4,125$3,491$2,942$2,469$2,065$839
17 years$3,842$3,215$2,677$2,219$1,831$694
18 years$3,591$2,971$2,444$1,999$1,628$575
19 years$3,366$2,754$2,237$1,807$1,451$477
20 years$3,164$2,559$2,053$1,636$1,296$396
21 years$2,982$2,383$1,889$1,485$1,160$330
22 years$2,816$2,225$1,741$1,350$1,040$274
23 years$2,665$2,081$1,607$1,230$933$228
24 years$2,527$1,950$1,486$1,121$839$190
25 years$2,400$1,830$1,377$1,024$755$159
26 years$2,283$1,720$1,277$936$680$132
27 years$2,175$1,618$1,186$857$613$110
28 years$2,075$1,525$1,102$785$553$92
29 years$1,982$1,439$1,026$720$499$77
30 years$1,895$1,359$955$661$451$64
31 years$1,814$1,284$891$607$408$54
32 years$1,738$1,215$831$558$369$45
33 years$1,667$1,151$776$513$334$37
34 years$1,601$1,091$725$472$302$31
35 years$1,538$1,035$678$435$274$26
36 years$1,479$982$634$400$248$22
37 years$1,423$933$593$369$225$18
38 years$1,370$886$556$340$204$15
39 years$1,320$843$521$313$185$13
40 years$1,273$802$488$289$168$11
41 years$1,228$763$458$267$152$9
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$4
47 years$1,001$573$313$165$85$3
48 years$969$547$294$153$77$3
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 $4,293 every year, while hoping to spend $39,629 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: 52/25/23 Blend
58$931,000$931,000$931,000$931,000
59$1,030,390$981,047$966,617$1,077,181
60$1,093,325$986,954$956,833$1,115,870
61$1,161,351$991,821$945,394$1,153,505
62$1,234,946$995,557$932,202$1,193,622
63$1,314,634$998,063$917,154$1,236,470
64$1,400,992$999,234$900,145$1,282,327
65$1,494,656$998,959$881,062$1,331,502
66$1,596,322$997,119$859,789$1,384,334
67$1,706,758$993,590$836,203$1,441,204
68$1,826,809$988,237$810,177$1,502,527
69$1,957,403$980,919$781,577$1,568,770
70$2,099,561$971,488$750,263$1,640,443
71$2,254,408$959,782$716,089$1,718,116
72$2,423,182$945,636$678,902$1,802,417
73$2,607,243$928,869$638,542$1,894,041
74$2,808,091$909,292$594,842$1,993,758
75$3,027,374$886,706$547,628$2,102,420
76$3,266,910$860,898$496,717$2,220,968
77$3,528,697$831,644$441,919$2,350,444
78$3,814,936$798,707$383,035$2,492,000
79$4,128,050$761,834$319,858$2,646,909
80$4,470,708$720,760$252,169$2,816,579
81$4,845,847$675,204$179,744$3,002,566
82$5,256,702$624,868$102,344$3,206,589
83$5,706,837$569,438$19,724$3,430,551
84$6,200,176$508,582$0$3,676,550
85$6,741,038$441,947$0$3,963,705
86$7,334,185$369,164$0$4,284,040
87$7,984,858$289,839$0$4,635,608
88$8,698,832$203,558$0$5,021,611
89$9,482,465$109,885$0$5,445,577
90$10,342,764$8,357$0$5,911,399
91$11,287,445$0$0$6,423,371
92$12,325,011$0$0$7,014,156
93$13,464,824$0$0$7,665,785
94$14,717,203$0$0$8,381,869
95$16,093,512$0$0$9,168,922
96$17,606,271$0$0$10,034,114
97$19,269,276$0$0$10,985,350
98$21,097,722$0$0$12,031,337
99$23,108,354$0$0$13,181,667
100$25,319,619$0$0$14,446,909