Can I retire at age 59 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$76,964$76,278$75,609$74,956$74,319$73,543
2 years$38,101$37,391$36,704$36,037$35,390$34,608
3 years$25,148$24,436$23,750$23,089$22,453$21,690
4 years$18,673$17,963$17,284$16,634$16,014$15,275
5 years$14,789$14,083$13,413$12,777$12,173$11,462
6 years$12,201$11,500$10,840$10,218$9,632$8,949
7 years$10,353$9,658$9,008$8,401$7,834$7,178
8 years$8,967$8,278$7,639$7,047$6,499$5,871
9 years$7,890$7,208$6,580$6,002$5,473$4,873
10 years$7,029$6,353$5,736$5,174$4,663$4,091
11 years$6,325$5,656$5,050$4,503$4,010$3,465
12 years$5,738$5,076$4,482$3,950$3,475$2,956
13 years$5,243$4,588$4,004$3,487$3,031$2,537
14 years$4,818$4,170$3,598$3,095$2,657$2,188
15 years$4,450$3,809$3,248$2,761$2,339$1,895
16 years$4,129$3,495$2,945$2,472$2,067$1,647
17 years$3,846$3,219$2,680$2,221$1,833$1,435
18 years$3,594$2,974$2,446$2,001$1,630$1,254
19 years$3,370$2,757$2,240$1,809$1,453$1,098
20 years$3,168$2,562$2,055$1,638$1,298$963
21 years$2,985$2,386$1,891$1,487$1,161$846
22 years$2,819$2,227$1,742$1,352$1,041$745
23 years$2,668$2,083$1,609$1,231$934$656
24 years$2,530$1,952$1,488$1,123$840$578
25 years$2,403$1,832$1,378$1,025$756$511
26 years$2,286$1,721$1,278$937$681$451
27 years$2,178$1,620$1,187$858$614$399
28 years$2,077$1,527$1,103$786$554$353
29 years$1,984$1,440$1,027$721$500$312
30 years$1,897$1,360$956$662$452$277
31 years$1,816$1,286$892$608$408$245
32 years$1,740$1,217$832$558$369$217
33 years$1,669$1,152$777$514$334$192
34 years$1,602$1,092$726$473$303$171
35 years$1,539$1,036$679$435$274$151
36 years$1,480$983$635$401$248$134
37 years$1,424$934$594$369$225$119
38 years$1,372$887$556$340$204$106
39 years$1,322$844$521$314$185$94
40 years$1,274$803$489$289$168$83
41 years$1,229$764$458$267$152$74
42 years$1,187$728$430$246$138$66
43 years$1,146$693$403$227$125$58
44 years$1,107$661$379$210$114$52
45 years$1,071$630$355$194$103$46
46 years$1,035$601$334$179$94$41
47 years$1,002$574$314$166$85$36
48 years$970$548$295$153$77$32
49 years$939$523$277$141$70$29
50 years$910$500$260$131$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $932,000, adding $6,179 every year, while hoping to spend $58,410 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: 35/40/25 Blend
58$932,000$932,000$932,000$932,000
59$1,033,438$984,042$969,596$1,061,614
60$1,076,700$970,112$939,929$1,069,154
61$1,122,418$953,542$907,311$1,071,532
62$1,170,780$934,141$871,582$1,072,941
63$1,221,992$911,706$832,572$1,073,333
64$1,276,279$886,023$790,107$1,072,660
65$1,333,887$856,866$744,003$1,070,874
66$1,395,085$823,994$694,069$1,067,929
67$1,460,168$787,153$640,103$1,063,780
68$1,529,456$746,075$581,898$1,058,384
69$1,603,302$700,475$519,234$1,051,701
70$1,682,094$650,052$451,882$1,043,697
71$1,766,252$594,489$379,605$1,034,338
72$1,856,241$533,451$302,153$1,023,598
73$1,952,568$466,580$219,266$1,011,458
74$2,055,791$393,504$130,673$997,904
75$2,166,521$313,825$36,089$982,934
76$2,285,428$227,124$0$966,553
77$2,413,247$132,959$0$966,078
78$2,550,788$30,864$0$975,643
79$2,698,937$0$0$985,744
80$2,858,668$0$0$1,031,599
81$3,031,051$0$0$1,095,851
82$3,217,262$0$0$1,165,366
83$3,418,594$0$0$1,240,641
84$3,636,467$0$0$1,322,220
85$3,872,442$0$0$1,410,704
86$4,128,235$0$0$1,506,752
87$4,405,735$0$0$1,611,090
88$4,707,016$0$0$1,724,517
89$5,034,364$0$0$1,847,909
90$5,390,288$0$0$1,982,232
91$5,777,553$0$0$2,128,551
92$6,199,199$0$0$2,288,035
93$6,658,572$0$0$2,461,970
94$7,159,352$0$0$2,651,775
95$7,705,593$0$0$2,859,008
96$8,301,754$0$0$3,085,387
97$8,952,744$0$0$3,332,801
98$9,663,969$0$0$3,603,331
99$10,441,376$0$0$3,899,269
100$11,291,517$0$0$4,223,138