Can I retire at age 59 with 932,000?

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 $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%14.2%
1 years$76,964$76,278$75,609$74,956$74,319$73,028
2 years$38,101$37,391$36,704$36,037$35,390$34,093
3 years$25,148$24,436$23,750$23,089$22,453$21,191
4 years$18,673$17,963$17,284$16,634$16,014$14,796
5 years$14,789$14,083$13,413$12,777$12,173$11,004
6 years$12,201$11,500$10,840$10,218$9,632$8,513
7 years$10,353$9,658$9,008$8,401$7,834$6,764
8 years$8,967$8,278$7,639$7,047$6,499$5,478
9 years$7,890$7,208$6,580$6,002$5,473$4,502
10 years$7,029$6,353$5,736$5,174$4,663$3,740
11 years$6,325$5,656$5,050$4,503$4,010$3,134
12 years$5,738$5,076$4,482$3,950$3,475$2,645
13 years$5,243$4,588$4,004$3,487$3,031$2,245
14 years$4,818$4,170$3,598$3,095$2,657$1,914
15 years$4,450$3,809$3,248$2,761$2,339$1,639
16 years$4,129$3,495$2,945$2,472$2,067$1,407
17 years$3,846$3,219$2,680$2,221$1,833$1,212
18 years$3,594$2,974$2,446$2,001$1,630$1,046
19 years$3,370$2,757$2,240$1,809$1,453$905
20 years$3,168$2,562$2,055$1,638$1,298$784
21 years$2,985$2,386$1,891$1,487$1,161$680
22 years$2,819$2,227$1,742$1,352$1,041$590
23 years$2,668$2,083$1,609$1,231$934$513
24 years$2,530$1,952$1,488$1,123$840$447
25 years$2,403$1,832$1,378$1,025$756$389
26 years$2,286$1,721$1,278$937$681$339
27 years$2,178$1,620$1,187$858$614$296
28 years$2,077$1,527$1,103$786$554$258
29 years$1,984$1,440$1,027$721$500$225
30 years$1,897$1,360$956$662$452$197
31 years$1,816$1,286$892$608$408$172
32 years$1,740$1,217$832$558$369$150
33 years$1,669$1,152$777$514$334$131
34 years$1,602$1,092$726$473$303$115
35 years$1,539$1,036$679$435$274$100
36 years$1,480$983$635$401$248$88
37 years$1,424$934$594$369$225$77
38 years$1,372$887$556$340$204$67
39 years$1,322$844$521$314$185$59
40 years$1,274$803$489$289$168$51
41 years$1,229$764$458$267$152$45
42 years$1,187$728$430$246$138$39
43 years$1,146$693$403$227$125$34
44 years$1,107$661$379$210$114$30
45 years$1,071$630$355$194$103$26
46 years$1,035$601$334$179$94$23
47 years$1,002$574$314$166$85$20
48 years$970$548$295$153$77$18
49 years$939$523$277$141$70$16
50 years$910$500$260$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $932,000, adding $2,112 every year, while hoping to spend $30,749 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: 60/23/17 Blend
58$932,000$932,000$932,000$932,000
59$1,029,243$979,847$965,401$1,086,388
60$1,101,509$995,142$965,025$1,140,523
61$1,180,115$1,010,157$963,606$1,195,951
62$1,265,677$1,024,844$961,076$1,255,707
63$1,358,869$1,039,155$957,366$1,320,212
64$1,460,435$1,053,036$952,399$1,389,933
65$1,571,195$1,066,430$946,100$1,465,383
66$1,692,049$1,079,277$938,386$1,547,130
67$1,823,989$1,091,512$929,173$1,635,799
68$1,968,106$1,103,066$918,370$1,732,079
69$2,125,602$1,113,866$905,885$1,836,731
70$2,297,800$1,123,832$891,619$1,950,593
71$2,486,158$1,132,882$875,470$2,074,591
72$2,692,278$1,140,925$857,331$2,209,744
73$2,917,927$1,147,867$837,088$2,357,179
74$3,165,050$1,153,607$814,625$2,518,135
75$3,435,789$1,158,037$789,818$2,693,982
76$3,732,502$1,161,044$762,540$2,886,230
77$4,057,787$1,162,505$732,655$3,096,542
78$4,414,505$1,162,291$700,022$3,326,756
79$4,805,807$1,160,266$664,496$3,578,895
80$5,235,164$1,156,284$625,921$3,855,194
81$5,706,399$1,150,191$584,138$4,158,113
82$6,223,724$1,141,822$538,979$4,490,369
83$6,791,777$1,131,004$490,268$4,854,957
84$7,415,668$1,117,553$437,822$5,255,178
85$8,101,027$1,101,274$381,449$5,694,675
86$8,854,054$1,081,959$320,950$6,177,462
87$9,681,582$1,059,389$256,117$6,707,967
88$10,591,137$1,033,333$186,730$7,291,074
89$11,591,010$1,003,544$112,563$7,932,164
90$12,690,338$969,762$33,378$8,637,174
91$13,899,183$931,711$0$9,412,649
92$15,228,636$889,101$0$10,275,079
93$16,690,912$841,622$0$11,230,209
94$18,299,472$788,949$0$12,280,802
95$20,069,148$730,737$0$13,436,578
96$22,016,279$666,621$0$14,708,254
97$24,158,869$596,215$0$16,107,641
98$26,516,758$519,114$0$17,647,758
99$29,111,802$434,885$0$19,342,952
100$31,968,086$343,074$0$21,209,039