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%11.5%
1 years$76,964$76,278$75,609$74,956$74,319$73,851
2 years$38,101$37,391$36,704$36,037$35,390$34,918
3 years$25,148$24,436$23,750$23,089$22,453$21,991
4 years$18,673$17,963$17,284$16,634$16,014$15,566
5 years$14,789$14,083$13,413$12,777$12,173$11,741
6 years$12,201$11,500$10,840$10,218$9,632$9,216
7 years$10,353$9,658$9,008$8,401$7,834$7,433
8 years$8,967$8,278$7,639$7,047$6,499$6,115
9 years$7,890$7,208$6,580$6,002$5,473$5,105
10 years$7,029$6,353$5,736$5,174$4,663$4,311
11 years$6,325$5,656$5,050$4,503$4,010$3,674
12 years$5,738$5,076$4,482$3,950$3,475$3,154
13 years$5,243$4,588$4,004$3,487$3,031$2,725
14 years$4,818$4,170$3,598$3,095$2,657$2,365
15 years$4,450$3,809$3,248$2,761$2,339$2,062
16 years$4,129$3,495$2,945$2,472$2,067$1,804
17 years$3,846$3,219$2,680$2,221$1,833$1,584
18 years$3,594$2,974$2,446$2,001$1,630$1,393
19 years$3,370$2,757$2,240$1,809$1,453$1,229
20 years$3,168$2,562$2,055$1,638$1,298$1,086
21 years$2,985$2,386$1,891$1,487$1,161$961
22 years$2,819$2,227$1,742$1,352$1,041$852
23 years$2,668$2,083$1,609$1,231$934$756
24 years$2,530$1,952$1,488$1,123$840$672
25 years$2,403$1,832$1,378$1,025$756$598
26 years$2,286$1,721$1,278$937$681$532
27 years$2,178$1,620$1,187$858$614$475
28 years$2,077$1,527$1,103$786$554$423
29 years$1,984$1,440$1,027$721$500$378
30 years$1,897$1,360$956$662$452$337
31 years$1,816$1,286$892$608$408$301
32 years$1,740$1,217$832$558$369$269
33 years$1,669$1,152$777$514$334$240
34 years$1,602$1,092$726$473$303$215
35 years$1,539$1,036$679$435$274$192
36 years$1,480$983$635$401$248$172
37 years$1,424$934$594$369$225$154
38 years$1,372$887$556$340$204$138
39 years$1,322$844$521$314$185$123
40 years$1,274$803$489$289$168$111
41 years$1,229$764$458$267$152$99
42 years$1,187$728$430$246$138$89
43 years$1,146$693$403$227$125$79
44 years$1,107$661$379$210$114$71
45 years$1,071$630$355$194$103$64
46 years$1,035$601$334$179$94$57
47 years$1,002$574$314$166$85$51
48 years$970$548$295$153$77$46
49 years$939$523$277$141$70$41
50 years$910$500$260$131$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $932,000, adding $3,813 every year, while hoping to spend $27,073 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: 45/33/22 Blend
58$932,000$932,000$932,000$932,000
59$1,030,997$981,601$967,155$1,070,701
60$1,107,353$1,000,894$970,749$1,118,336
61$1,190,591$1,020,225$973,557$1,167,006
62$1,281,382$1,039,567$975,522$1,219,237
63$1,380,469$1,058,892$976,588$1,275,373
64$1,488,666$1,078,168$976,693$1,335,794
65$1,606,873$1,097,360$975,775$1,400,919
66$1,736,077$1,116,434$973,767$1,471,212
67$1,877,367$1,135,350$970,598$1,547,181
68$2,031,942$1,154,065$966,196$1,629,390
69$2,201,120$1,172,534$960,484$1,718,461
70$2,386,354$1,190,708$953,380$1,815,078
71$2,589,246$1,208,536$944,801$1,919,999
72$2,811,555$1,225,961$934,659$2,034,057
73$3,055,224$1,242,924$922,861$2,158,173
74$3,322,390$1,259,359$909,309$2,293,363
75$3,615,405$1,275,199$893,902$2,440,747
76$3,936,863$1,290,371$876,535$2,601,561
77$4,289,619$1,304,795$857,095$2,777,170
78$4,676,820$1,318,390$835,467$2,969,078
79$5,101,929$1,331,064$811,528$3,178,944
80$5,568,763$1,342,724$785,152$3,408,600
81$6,081,527$1,353,268$756,205$3,660,065
82$6,644,853$1,362,588$724,548$3,935,568
83$7,263,843$1,370,570$690,035$4,237,565
84$7,944,118$1,377,091$652,515$4,568,769
85$8,691,872$1,382,021$611,827$4,932,168
86$9,513,925$1,385,223$567,806$5,331,060
87$10,417,796$1,386,550$520,278$5,769,084
88$11,411,766$1,385,845$469,062$6,250,250
89$12,504,958$1,382,943$413,968$6,778,983
90$13,707,425$1,377,669$354,797$7,360,162
91$15,030,243$1,369,836$291,343$7,999,168
92$16,485,616$1,359,245$223,391$8,701,936
93$18,086,988$1,345,688$150,714$9,475,009
94$19,849,176$1,328,941$73,078$10,325,603
95$21,788,502$1,308,769$0$11,261,677
96$23,922,952$1,284,922$0$12,294,299
97$26,272,345$1,257,136$0$13,449,307
98$28,858,518$1,225,129$0$14,720,259
99$31,705,532$1,188,605$0$16,118,984
100$34,839,900$1,147,250$0$17,658,521