Can I retire at age 59 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$77,129$76,442$75,772$75,117$74,478$72,708
2 years$38,183$37,471$36,782$36,114$35,466$33,692
3 years$25,202$24,488$23,801$23,139$22,501$20,780
4 years$18,713$18,001$17,321$16,670$16,048$14,392
5 years$14,821$14,113$13,442$12,804$12,199$10,614
6 years$12,227$11,525$10,863$10,240$9,653$8,140
7 years$10,375$9,678$9,027$8,419$7,850$6,410
8 years$8,986$8,296$7,656$7,062$6,513$5,143
9 years$7,907$7,223$6,594$6,015$5,485$4,186
10 years$7,044$6,367$5,749$5,185$4,673$3,444
11 years$6,338$5,668$5,061$4,513$4,019$2,857
12 years$5,751$5,087$4,492$3,958$3,483$2,386
13 years$5,254$4,597$4,013$3,495$3,037$2,004
14 years$4,828$4,179$3,606$3,102$2,662$1,690
15 years$4,460$3,818$3,255$2,767$2,344$1,431
16 years$4,138$3,503$2,951$2,477$2,072$1,215
17 years$3,854$3,226$2,686$2,226$1,837$1,034
18 years$3,602$2,981$2,452$2,006$1,633$882
19 years$3,377$2,763$2,244$1,812$1,456$754
20 years$3,174$2,567$2,060$1,641$1,300$645
21 years$2,991$2,391$1,895$1,490$1,164$553
22 years$2,825$2,232$1,746$1,355$1,043$474
23 years$2,674$2,088$1,612$1,234$936$407
24 years$2,535$1,956$1,491$1,125$842$350
25 years$2,408$1,836$1,381$1,028$757$301
26 years$2,291$1,725$1,281$940$682$259
27 years$2,182$1,624$1,189$860$615$223
28 years$2,082$1,530$1,106$788$555$192
29 years$1,988$1,443$1,029$723$501$166
30 years$1,901$1,363$958$663$453$143
31 years$1,820$1,288$894$609$409$123
32 years$1,744$1,219$834$560$370$106
33 years$1,673$1,155$778$515$335$91
34 years$1,606$1,094$727$474$303$79
35 years$1,543$1,038$680$436$275$68
36 years$1,483$985$636$401$249$59
37 years$1,427$936$595$370$226$51
38 years$1,374$889$558$341$205$44
39 years$1,324$846$522$314$186$38
40 years$1,277$804$490$290$168$33
41 years$1,232$766$459$268$153$28
42 years$1,189$729$431$247$139$24
43 years$1,148$695$404$228$126$21
44 years$1,110$662$379$210$114$18
45 years$1,073$632$356$194$104$16
46 years$1,038$603$335$180$94$13
47 years$1,004$575$314$166$85$12
48 years$972$549$295$153$78$10
49 years$941$524$278$142$70$9
50 years$912$501$261$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $934,000, adding $2,835 every year, while hoping to spend $31,261 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: 38/47/15 Blend
58$934,000$934,000$934,000$934,000
59$1,032,192$982,690$968,213$1,066,639
60$1,104,214$997,581$967,387$1,106,430
61$1,182,535$1,012,153$965,485$1,146,187
62$1,267,764$1,026,358$962,439$1,188,481
63$1,360,571$1,040,145$958,176$1,233,556
64$1,461,695$1,053,458$952,620$1,281,681
65$1,571,947$1,066,237$945,692$1,333,156
66$1,692,221$1,078,418$937,309$1,388,310
67$1,823,501$1,089,934$927,382$1,447,508
68$1,966,870$1,100,713$915,822$1,511,155
69$2,123,520$1,110,677$902,531$1,579,695
70$2,294,764$1,119,744$887,410$1,653,624
71$2,482,045$1,127,827$870,353$1,733,486
72$2,686,955$1,134,832$851,252$1,819,885
73$2,911,246$1,140,661$829,991$1,913,489
74$3,156,847$1,145,207$806,449$2,015,033
75$3,425,881$1,148,358$780,501$2,125,333
76$3,720,689$1,149,995$752,015$2,245,289
77$4,043,846$1,149,992$720,855$2,375,897
78$4,398,190$1,148,213$686,875$2,518,256
79$4,786,846$1,144,516$649,926$2,673,581
80$5,213,256$1,138,749$609,851$2,843,215
81$5,681,212$1,130,752$566,484$3,028,641
82$6,194,890$1,120,353$519,656$3,231,496
83$6,758,890$1,107,371$469,185$3,453,591
84$7,378,280$1,091,616$414,886$3,696,924
85$8,058,642$1,072,882$356,563$3,963,702
86$8,806,126$1,050,956$294,010$4,256,363
87$9,627,507$1,025,609$227,015$4,577,598
88$10,530,248$996,599$155,355$4,930,380
89$11,522,572$963,671$78,798$5,317,989
90$12,613,537$926,554$0$5,744,049
91$13,813,124$884,961$0$6,213,023
92$15,132,329$838,590$0$6,742,349
93$16,583,266$787,121$0$7,324,318
94$18,179,283$730,214$0$7,964,352
95$19,935,086$667,510$0$8,668,432
96$21,866,879$598,632$0$9,443,157
97$23,992,514$523,179$0$10,295,805
98$26,331,664$440,728$0$11,234,406
99$28,906,002$350,833$0$12,267,814
100$31,739,411$253,020$0$13,405,798