Can I retire at age 59 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$77,211$76,524$75,853$75,198$74,558$73,872
2 years$38,223$37,512$36,822$36,153$35,504$34,812
3 years$25,229$24,514$23,826$23,163$22,525$21,850
4 years$18,733$18,021$17,339$16,688$16,065$15,411
5 years$14,837$14,128$13,456$12,818$12,212$11,582
6 years$12,240$11,537$10,874$10,251$9,663$9,057
7 years$10,386$9,689$9,037$8,428$7,859$7,277
8 years$8,996$8,305$7,664$7,070$6,520$5,962
9 years$7,915$7,231$6,601$6,022$5,491$4,957
10 years$7,051$6,374$5,755$5,191$4,678$4,169
11 years$6,345$5,674$5,066$4,518$4,023$3,538
12 years$5,757$5,093$4,496$3,963$3,487$3,024
13 years$5,260$4,602$4,017$3,498$3,040$2,600
14 years$4,834$4,183$3,609$3,105$2,665$2,247
15 years$4,465$3,822$3,259$2,769$2,347$1,950
16 years$4,142$3,506$2,955$2,480$2,074$1,698
17 years$3,858$3,229$2,689$2,228$1,839$1,483
18 years$3,606$2,984$2,454$2,008$1,635$1,298
19 years$3,380$2,765$2,247$1,814$1,457$1,139
20 years$3,178$2,570$2,062$1,643$1,302$1,002
21 years$2,995$2,394$1,897$1,491$1,165$882
22 years$2,828$2,234$1,748$1,356$1,044$778
23 years$2,677$2,090$1,614$1,235$937$687
24 years$2,538$1,958$1,493$1,126$842$607
25 years$2,411$1,837$1,383$1,029$758$537
26 years$2,293$1,727$1,282$941$683$476
27 years$2,185$1,625$1,191$861$616$422
28 years$2,084$1,531$1,107$789$556$374
29 years$1,990$1,445$1,030$723$502$332
30 years$1,903$1,364$959$664$453$294
31 years$1,822$1,290$894$610$410$262
32 years$1,746$1,220$835$560$371$232
33 years$1,674$1,156$779$515$335$206
34 years$1,607$1,095$728$474$304$184
35 years$1,544$1,039$681$436$275$163
36 years$1,485$986$637$402$249$145
37 years$1,429$937$596$370$226$129
38 years$1,376$890$558$341$205$115
39 years$1,326$846$523$315$186$102
40 years$1,278$805$490$290$168$91
41 years$1,233$767$460$268$153$81
42 years$1,190$730$431$247$139$72
43 years$1,150$696$405$228$126$64
44 years$1,111$663$380$211$114$57
45 years$1,074$632$357$195$104$51
46 years$1,039$603$335$180$94$45
47 years$1,005$576$315$166$86$40
48 years$973$549$296$153$78$36
49 years$942$525$278$142$71$32
50 years$913$501$261$131$64$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $935,000, adding $2,808 every year, while hoping to spend $58,757 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: 45/45/10 Blend
58$935,000$935,000$935,000$935,000
59$1,033,266$983,711$969,219$1,076,720
60$1,076,143$969,396$939,171$1,092,783
61$1,121,423$952,410$906,147$1,103,947
62$1,169,290$932,561$869,985$1,114,722
63$1,219,945$909,644$830,517$1,125,094
64$1,273,605$883,442$787,565$1,135,051
65$1,330,510$853,727$740,945$1,144,583
66$1,390,918$820,256$690,463$1,153,687
67$1,455,117$782,774$635,918$1,162,361
68$1,523,417$741,008$577,100$1,170,611
69$1,596,159$694,671$513,786$1,178,447
70$1,673,718$643,461$445,749$1,185,889
71$1,756,503$587,056$372,747$1,192,963
72$1,844,962$525,117$294,530$1,199,705
73$1,939,586$457,286$210,835$1,206,163
74$2,040,915$383,184$121,389$1,212,398
75$2,149,539$302,411$25,906$1,218,485
76$2,266,108$214,545$0$1,224,515
77$2,391,331$119,138$0$1,238,706
78$2,525,991$15,720$0$1,256,558
79$2,670,945$0$0$1,275,495
80$2,827,134$0$0$1,343,376
81$2,995,593$0$0$1,425,068
82$3,177,457$0$0$1,513,351
83$3,373,976$0$0$1,608,840
84$3,586,520$0$0$1,712,215
85$3,816,599$0$0$1,824,221
86$4,065,869$0$0$1,945,679
87$4,336,154$0$0$2,077,490
88$4,629,459$0$0$2,220,647
89$4,947,988$0$0$2,376,239
90$5,294,166$0$0$2,545,469
91$5,670,661$0$0$2,729,656
92$6,080,408$0$0$2,930,253
93$6,526,636$0$0$3,148,859
94$7,012,900$0$0$3,387,235
95$7,543,109$0$0$3,647,316
96$8,121,569$0$0$3,931,235
97$8,753,018$0$0$4,241,338
98$9,442,670$0$0$4,580,209
99$10,196,267$0$0$4,950,692
100$11,020,130$0$0$5,355,918