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%13.9%
1 years$77,294$76,606$75,934$75,278$74,638$73,432
2 years$38,264$37,552$36,861$36,191$35,542$34,330
3 years$25,256$24,540$23,852$23,188$22,549$21,369
4 years$18,753$18,040$17,358$16,706$16,082$14,943
5 years$14,853$14,143$13,470$12,832$12,226$11,131
6 years$12,253$11,549$10,886$10,262$9,674$8,625
7 years$10,397$9,699$9,046$8,437$7,867$6,864
8 years$9,006$8,314$7,672$7,077$6,527$5,570
9 years$7,924$7,239$6,608$6,028$5,496$4,585
10 years$7,059$6,381$5,761$5,196$4,683$3,816
11 years$6,352$5,680$5,072$4,522$4,028$3,204
12 years$5,763$5,098$4,501$3,967$3,490$2,709
13 years$5,265$4,607$4,021$3,502$3,044$2,304
14 years$4,839$4,188$3,613$3,109$2,668$1,969
15 years$4,470$3,826$3,262$2,772$2,349$1,689
16 years$4,147$3,510$2,958$2,482$2,076$1,453
17 years$3,862$3,233$2,691$2,230$1,841$1,254
18 years$3,610$2,987$2,457$2,010$1,637$1,085
19 years$3,384$2,768$2,249$1,816$1,459$940
20 years$3,181$2,573$2,064$1,645$1,303$816
21 years$2,998$2,396$1,899$1,493$1,166$710
22 years$2,831$2,237$1,750$1,357$1,045$618
23 years$2,680$2,092$1,616$1,236$938$538
24 years$2,541$1,960$1,494$1,128$843$470
25 years$2,413$1,839$1,384$1,030$759$410
26 years$2,296$1,729$1,284$942$684$358
27 years$2,187$1,627$1,192$862$616$313
28 years$2,086$1,533$1,108$790$556$274
29 years$1,993$1,446$1,031$724$502$240
30 years$1,905$1,366$960$665$454$210
31 years$1,824$1,291$895$610$410$184
32 years$1,748$1,222$835$561$371$161
33 years$1,676$1,157$780$516$336$141
34 years$1,609$1,097$729$475$304$124
35 years$1,546$1,040$681$437$275$108
36 years$1,487$987$637$402$250$95
37 years$1,430$938$597$371$226$83
38 years$1,377$891$559$342$205$73
39 years$1,327$847$523$315$186$64
40 years$1,280$806$491$291$169$56
41 years$1,235$767$460$268$153$49
42 years$1,192$731$432$247$139$43
43 years$1,151$696$405$228$126$38
44 years$1,112$664$380$211$114$33
45 years$1,075$633$357$195$104$29
46 years$1,040$604$335$180$94$26
47 years$1,006$576$315$166$86$23
48 years$974$550$296$154$78$20
49 years$943$525$278$142$71$17
50 years$914$502$262$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $936,000, adding $3,775 every year, while hoping to spend $30,482 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: 80/11/9 Blend
58$936,000$936,000$936,000$936,000
59$1,035,366$985,758$971,250$1,116,516
60$1,108,541$1,001,627$971,354$1,186,137
61$1,188,158$1,017,253$970,440$1,258,137
62$1,274,842$1,032,590$968,442$1,336,236
63$1,369,280$1,047,592$965,290$1,421,029
64$1,472,231$1,062,208$960,911$1,513,170
65$1,584,525$1,076,383$955,228$1,613,381
66$1,707,081$1,090,060$948,163$1,722,454
67$1,840,907$1,103,177$939,630$1,841,266
68$1,987,114$1,115,667$929,541$1,970,779
69$2,146,924$1,127,459$917,806$2,112,054
70$2,321,685$1,138,479$904,327$2,266,263
71$2,512,878$1,148,646$889,003$2,434,692
72$2,722,136$1,157,874$871,729$2,618,761
73$2,951,255$1,166,071$852,394$2,820,034
74$3,202,216$1,173,142$830,882$3,040,234
75$3,477,199$1,178,982$807,073$3,281,259
76$3,778,602$1,183,481$780,839$3,545,202
77$4,109,070$1,186,523$752,048$3,834,367
78$4,471,516$1,187,983$720,562$4,151,294
79$4,869,145$1,187,729$686,235$4,498,783
80$5,305,491$1,185,620$648,917$4,879,917
81$5,784,445$1,181,509$608,450$5,298,095
82$6,310,292$1,175,237$564,667$5,757,062
83$6,887,755$1,166,637$517,396$6,260,946
84$7,522,034$1,155,530$466,456$6,814,294
85$8,218,858$1,141,728$411,660$7,422,118
86$8,984,541$1,125,032$352,809$8,089,943
87$9,826,035$1,105,229$289,699$8,823,855
88$10,751,001$1,082,096$222,115$9,630,562
89$11,767,879$1,055,394$149,832$10,517,456
90$12,885,967$1,024,873$72,615$11,492,685
91$14,115,510$990,266$0$12,565,226
92$15,467,794$951,291$0$13,745,913
93$16,955,255$907,650$0$15,052,215
94$18,591,594$859,028$0$16,489,192
95$20,391,907$805,091$0$18,070,116
96$22,372,827$745,486$0$19,809,608
97$24,552,681$679,840$0$21,723,782
98$26,951,661$607,759$0$23,830,396
99$29,592,017$528,826$0$26,149,016
100$32,498,265$442,601$0$28,701,205