Can I retire at age 59 with 931,000?

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 $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%17.8%
1 years$76,881$76,196$75,528$74,876$74,239$71,892
2 years$38,060$37,351$36,664$35,998$35,352$33,008
3 years$25,121$24,409$23,724$23,064$22,429$20,162
4 years$18,653$17,943$17,265$16,617$15,996$13,824
5 years$14,773$14,068$13,398$12,763$12,160$10,089
6 years$12,188$11,487$10,828$10,207$9,622$7,653
7 years$10,341$9,647$8,998$8,392$7,825$5,958
8 years$8,957$8,269$7,631$7,039$6,492$4,725
9 years$7,882$7,200$6,573$5,996$5,467$3,799
10 years$7,021$6,346$5,730$5,169$4,658$3,087
11 years$6,318$5,650$5,045$4,498$4,006$2,528
12 years$5,732$5,071$4,477$3,946$3,472$2,084
13 years$5,237$4,583$4,000$3,483$3,027$1,727
14 years$4,813$4,166$3,594$3,092$2,654$1,436
15 years$4,446$3,805$3,245$2,758$2,337$1,199
16 years$4,125$3,491$2,942$2,469$2,065$1,004
17 years$3,842$3,215$2,677$2,219$1,831$842
18 years$3,591$2,971$2,444$1,999$1,628$708
19 years$3,366$2,754$2,237$1,807$1,451$596
20 years$3,164$2,559$2,053$1,636$1,296$502
21 years$2,982$2,383$1,889$1,485$1,160$424
22 years$2,816$2,225$1,741$1,350$1,040$358
23 years$2,665$2,081$1,607$1,230$933$303
24 years$2,527$1,950$1,486$1,121$839$256
25 years$2,400$1,830$1,377$1,024$755$217
26 years$2,283$1,720$1,277$936$680$183
27 years$2,175$1,618$1,186$857$613$155
28 years$2,075$1,525$1,102$785$553$132
29 years$1,982$1,439$1,026$720$499$112
30 years$1,895$1,359$955$661$451$95
31 years$1,814$1,284$891$607$408$80
32 years$1,738$1,215$831$558$369$68
33 years$1,667$1,151$776$513$334$58
34 years$1,601$1,091$725$472$302$49
35 years$1,538$1,035$678$435$274$42
36 years$1,479$982$634$400$248$35
37 years$1,423$933$593$369$225$30
38 years$1,370$886$556$340$204$25
39 years$1,320$843$521$313$185$22
40 years$1,273$802$488$289$168$18
41 years$1,228$763$458$267$152$16
42 years$1,185$727$429$246$138$13
43 years$1,145$693$403$227$125$11
44 years$1,106$660$378$210$114$9
45 years$1,069$630$355$194$103$8
46 years$1,034$601$333$179$94$7
47 years$1,001$573$313$165$85$6
48 years$969$547$294$153$77$5
49 years$938$522$277$141$70$4
50 years$909$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $931,000, adding $3,247 every year, while hoping to spend $48,164 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: 60/21/19 Blend
58$931,000$931,000$931,000$931,000
59$1,029,311$979,968$965,538$1,085,795
60$1,083,055$976,741$946,637$1,121,158
61$1,140,666$971,741$925,489$1,154,122
62$1,202,489$964,830$901,968$1,188,988
63$1,268,899$955,864$875,940$1,225,946
64$1,340,312$944,687$847,270$1,265,210
65$1,417,182$931,134$815,811$1,307,016
66$1,500,008$915,033$781,414$1,351,626
67$1,589,337$896,198$743,919$1,399,330
68$1,685,772$874,434$703,163$1,450,451
69$1,789,975$849,535$658,973$1,505,349
70$1,902,672$821,282$611,169$1,564,420
71$2,024,663$789,444$559,562$1,628,104
72$2,156,827$753,775$503,955$1,696,891
73$2,300,129$714,016$444,144$1,771,321
74$2,455,633$669,893$379,913$1,851,996
75$2,624,506$621,116$311,038$1,939,579
76$2,808,033$567,378$237,286$2,034,807
77$3,007,629$508,356$158,411$2,138,496
78$3,224,848$443,707$74,159$2,251,549
79$3,461,403$373,069$0$2,374,965
80$3,719,176$296,060$0$2,513,046
81$4,000,241$212,275$0$2,680,073
82$4,306,878$121,289$0$2,862,411
83$4,641,599$22,651$0$3,061,621
84$5,007,166$0$0$3,279,425
85$5,406,624$0$0$3,537,160
86$5,843,321$0$0$3,824,717
87$6,320,945$0$0$4,139,297
88$6,843,558$0$0$4,483,585
89$7,415,631$0$0$4,860,536
90$8,042,087$0$0$5,273,404
91$8,728,348$0$0$5,725,774
92$9,480,386$0$0$6,221,591
93$10,304,776$0$0$6,765,202
94$11,208,763$0$0$7,361,396
95$12,200,322$0$0$8,015,445
96$13,288,241$0$0$8,733,158
97$14,482,197$0$0$9,520,932
98$15,792,852$0$0$10,385,813
99$17,231,947$0$0$11,335,566
100$18,812,420$0$0$12,378,741