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%11.8%
1 years$77,211$76,524$75,853$75,198$74,558$73,995
2 years$38,223$37,512$36,822$36,153$35,504$34,936
3 years$25,229$24,514$23,826$23,163$22,525$21,971
4 years$18,733$18,021$17,339$16,688$16,065$15,528
5 years$14,837$14,128$13,456$12,818$12,212$11,694
6 years$12,240$11,537$10,874$10,251$9,663$9,164
7 years$10,386$9,689$9,037$8,428$7,859$7,380
8 years$8,996$8,305$7,664$7,070$6,520$6,060
9 years$7,915$7,231$6,601$6,022$5,491$5,051
10 years$7,051$6,374$5,755$5,191$4,678$4,258
11 years$6,345$5,674$5,066$4,518$4,023$3,622
12 years$5,757$5,093$4,496$3,963$3,487$3,104
13 years$5,260$4,602$4,017$3,498$3,040$2,676
14 years$4,834$4,183$3,609$3,105$2,665$2,318
15 years$4,465$3,822$3,259$2,769$2,347$2,017
16 years$4,142$3,506$2,955$2,480$2,074$1,761
17 years$3,858$3,229$2,689$2,228$1,839$1,543
18 years$3,606$2,984$2,454$2,008$1,635$1,354
19 years$3,380$2,765$2,247$1,814$1,457$1,192
20 years$3,178$2,570$2,062$1,643$1,302$1,051
21 years$2,995$2,394$1,897$1,491$1,165$928
22 years$2,828$2,234$1,748$1,356$1,044$821
23 years$2,677$2,090$1,614$1,235$937$727
24 years$2,538$1,958$1,493$1,126$842$645
25 years$2,411$1,837$1,383$1,029$758$572
26 years$2,293$1,727$1,282$941$683$508
27 years$2,185$1,625$1,191$861$616$452
28 years$2,084$1,531$1,107$789$556$402
29 years$1,990$1,445$1,030$723$502$358
30 years$1,903$1,364$959$664$453$319
31 years$1,822$1,290$894$610$410$284
32 years$1,746$1,220$835$560$371$253
33 years$1,674$1,156$779$515$335$226
34 years$1,607$1,095$728$474$304$201
35 years$1,544$1,039$681$436$275$180
36 years$1,485$986$637$402$249$160
37 years$1,429$937$596$370$226$143
38 years$1,376$890$558$341$205$128
39 years$1,326$846$523$315$186$114
40 years$1,278$805$490$290$168$102
41 years$1,233$767$460$268$153$91
42 years$1,190$730$431$247$139$81
43 years$1,150$696$405$228$126$73
44 years$1,111$663$380$211$114$65
45 years$1,074$632$357$195$104$58
46 years$1,039$603$335$180$94$52
47 years$1,005$576$315$166$86$46
48 years$973$549$296$153$78$41
49 years$942$525$278$142$71$37
50 years$913$501$261$131$64$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $935,000, adding $6,356 every year, while hoping to spend $28,470 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: 65/16/19 Blend
58$935,000$935,000$935,000$935,000
59$1,036,926$987,371$972,879$1,098,982
60$1,112,401$1,005,461$975,178$1,159,499
61$1,194,620$1,023,482$976,601$1,221,773
62$1,284,241$1,041,402$977,087$1,289,151
63$1,381,988$1,059,186$976,573$1,362,133
64$1,488,657$1,076,793$974,996$1,441,270
65$1,605,128$1,094,183$972,285$1,527,171
66$1,732,363$1,111,310$968,369$1,620,505
67$1,871,428$1,128,128$963,173$1,722,012
68$2,023,491$1,144,584$956,617$1,832,505
69$2,189,842$1,160,624$948,619$1,952,882
70$2,371,900$1,176,188$939,091$2,084,133
71$2,571,226$1,191,213$927,943$2,227,348
72$2,789,541$1,205,633$915,079$2,383,729
73$3,028,740$1,219,375$900,400$2,554,603
74$3,290,909$1,232,362$883,802$2,741,430
75$3,578,347$1,244,512$865,174$2,945,822
76$3,893,583$1,255,739$844,402$3,169,554
77$4,239,407$1,265,948$821,368$3,414,584
78$4,618,888$1,275,041$795,945$3,683,070
79$5,035,408$1,282,912$768,003$3,977,392
80$5,492,694$1,289,448$737,405$4,300,173
81$5,994,848$1,294,531$704,008$4,654,304
82$6,546,392$1,298,032$667,661$5,042,972
83$7,152,305$1,299,817$628,209$5,469,693
84$7,818,075$1,299,743$585,489$5,938,339
85$8,549,744$1,297,656$539,328$6,453,181
86$9,353,972$1,293,394$489,549$7,018,926
87$10,238,093$1,286,787$435,966$7,640,763
88$11,210,191$1,277,652$378,383$8,324,414
89$12,279,169$1,265,795$316,597$9,076,183
90$13,454,837$1,251,012$250,395$9,903,022
91$14,748,003$1,233,084$179,557$10,812,592
92$16,170,577$1,211,783$103,850$11,813,342
93$17,735,679$1,186,864$23,032$12,914,579
94$19,457,766$1,158,068$0$14,126,568
95$21,352,768$1,125,122$0$15,473,436
96$23,438,234$1,087,737$0$16,960,654
97$25,733,503$1,045,606$0$18,597,346
98$28,259,883$998,404$0$20,398,722
99$31,040,854$945,788$0$22,381,541
100$34,102,285$887,396$0$24,564,273