Can I retire at age 59 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$77,294$76,606$75,934$75,278$74,638$74,230
2 years$38,264$37,552$36,861$36,191$35,542$35,130
3 years$25,256$24,540$23,852$23,188$22,549$22,146
4 years$18,753$18,040$17,358$16,706$16,082$15,692
5 years$14,853$14,143$13,470$12,832$12,226$11,848
6 years$12,253$11,549$10,886$10,262$9,674$9,310
7 years$10,397$9,699$9,046$8,437$7,867$7,518
8 years$9,006$8,314$7,672$7,077$6,527$6,191
9 years$7,924$7,239$6,608$6,028$5,496$5,175
10 years$7,059$6,381$5,761$5,196$4,683$4,375
11 years$6,352$5,680$5,072$4,522$4,028$3,733
12 years$5,763$5,098$4,501$3,967$3,490$3,209
13 years$5,265$4,607$4,021$3,502$3,044$2,776
14 years$4,839$4,188$3,613$3,109$2,668$2,413
15 years$4,470$3,826$3,262$2,772$2,349$2,106
16 years$4,147$3,510$2,958$2,482$2,076$1,845
17 years$3,862$3,233$2,691$2,230$1,841$1,622
18 years$3,610$2,987$2,457$2,010$1,637$1,429
19 years$3,384$2,768$2,249$1,816$1,459$1,262
20 years$3,181$2,573$2,064$1,645$1,303$1,117
21 years$2,998$2,396$1,899$1,493$1,166$990
22 years$2,831$2,237$1,750$1,357$1,045$879
23 years$2,680$2,092$1,616$1,236$938$782
24 years$2,541$1,960$1,494$1,128$843$696
25 years$2,413$1,839$1,384$1,030$759$620
26 years$2,296$1,729$1,284$942$684$553
27 years$2,187$1,627$1,192$862$616$493
28 years$2,086$1,533$1,108$790$556$441
29 years$1,993$1,446$1,031$724$502$394
30 years$1,905$1,366$960$665$454$352
31 years$1,824$1,291$895$610$410$315
32 years$1,748$1,222$835$561$371$282
33 years$1,676$1,157$780$516$336$252
34 years$1,609$1,097$729$475$304$226
35 years$1,546$1,040$681$437$275$203
36 years$1,487$987$637$402$250$182
37 years$1,430$938$597$371$226$163
38 years$1,377$891$559$342$205$146
39 years$1,327$847$523$315$186$131
40 years$1,280$806$491$291$169$117
41 years$1,235$767$460$268$153$105
42 years$1,192$731$432$247$139$95
43 years$1,151$696$405$228$126$85
44 years$1,112$664$380$211$114$76
45 years$1,075$633$357$195$104$68
46 years$1,040$604$335$180$94$61
47 years$1,006$576$315$166$86$55
48 years$974$550$296$154$78$49
49 years$943$525$278$142$71$44
50 years$914$502$262$131$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $936,000, adding $2,408 every year, while hoping to spend $36,001 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: 50/31/19 Blend
58$936,000$936,000$936,000$936,000
59$1,033,956$984,348$969,840$1,080,072
60$1,101,115$994,276$964,025$1,122,123
61$1,173,917$1,003,484$956,808$1,163,902
62$1,252,900$1,011,899$948,105$1,208,539
63$1,338,656$1,019,442$937,827$1,256,319
64$1,431,835$1,026,031$925,880$1,307,553
65$1,533,152$1,031,576$912,167$1,362,588
66$1,643,395$1,035,985$896,586$1,421,808
67$1,763,429$1,039,155$879,029$1,485,636
68$1,894,207$1,040,982$859,385$1,554,540
69$2,036,778$1,041,353$837,536$1,629,039
70$2,192,297$1,040,146$813,361$1,709,706
71$2,362,032$1,037,235$786,730$1,797,174
72$2,547,384$1,032,484$757,510$1,892,143
73$2,749,891$1,025,749$725,560$1,995,387
74$2,971,248$1,016,879$690,734$2,107,763
75$3,213,321$1,005,711$652,879$2,230,215
76$3,478,164$992,075$611,835$2,363,789
77$3,768,039$975,789$567,433$2,509,639
78$4,085,436$956,661$519,500$2,669,041
79$4,433,100$934,486$467,853$2,843,404
80$4,814,050$909,050$412,300$3,034,285
81$5,231,614$880,124$352,643$3,243,404
82$5,689,455$847,466$288,673$3,472,661
83$6,191,608$810,821$220,172$3,724,153
84$6,742,519$769,918$146,915$4,000,197
85$7,347,083$724,471$68,663$4,303,351
86$8,010,692$674,177$0$4,636,440
87$8,739,287$618,716$0$5,005,591
88$9,539,411$557,750$0$5,426,288
89$10,418,272$490,921$0$5,888,453
90$11,383,811$417,851$0$6,396,336
91$12,444,776$338,141$0$6,954,628
92$13,610,803$251,370$0$7,568,501
93$14,892,509$157,092$0$8,243,660
94$16,301,592$54,837$0$8,986,396
95$17,850,938$0$0$9,803,649
96$19,554,745$0$0$10,722,136
97$21,428,655$0$0$11,753,006
98$23,489,902$0$0$12,887,046
99$25,757,475$0$0$14,134,719
100$28,252,297$0$0$15,507,550