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%18.5%
1 years$77,294$76,606$75,934$75,278$74,638$72,076
2 years$38,264$37,552$36,861$36,191$35,542$32,987
3 years$25,256$24,540$23,852$23,188$22,549$20,081
4 years$18,753$18,040$17,358$16,706$16,082$13,720
5 years$14,853$14,143$13,470$12,832$12,226$9,976
6 years$12,253$11,549$10,886$10,262$9,674$7,538
7 years$10,397$9,699$9,046$8,437$7,867$5,845
8 years$9,006$8,314$7,672$7,077$6,527$4,617
9 years$7,924$7,239$6,608$6,028$5,496$3,696
10 years$7,059$6,381$5,761$5,196$4,683$2,990
11 years$6,352$5,680$5,072$4,522$4,028$2,438
12 years$5,763$5,098$4,501$3,967$3,490$2,000
13 years$5,265$4,607$4,021$3,502$3,044$1,649
14 years$4,839$4,188$3,613$3,109$2,668$1,365
15 years$4,470$3,826$3,262$2,772$2,349$1,134
16 years$4,147$3,510$2,958$2,482$2,076$944
17 years$3,862$3,233$2,691$2,230$1,841$788
18 years$3,610$2,987$2,457$2,010$1,637$659
19 years$3,384$2,768$2,249$1,816$1,459$552
20 years$3,181$2,573$2,064$1,645$1,303$463
21 years$2,998$2,396$1,899$1,493$1,166$388
22 years$2,831$2,237$1,750$1,357$1,045$326
23 years$2,680$2,092$1,616$1,236$938$274
24 years$2,541$1,960$1,494$1,128$843$231
25 years$2,413$1,839$1,384$1,030$759$194
26 years$2,296$1,729$1,284$942$684$164
27 years$2,187$1,627$1,192$862$616$138
28 years$2,086$1,533$1,108$790$556$116
29 years$1,993$1,446$1,031$724$502$98
30 years$1,905$1,366$960$665$454$82
31 years$1,824$1,291$895$610$410$69
32 years$1,748$1,222$835$561$371$59
33 years$1,676$1,157$780$516$336$49
34 years$1,609$1,097$729$475$304$42
35 years$1,546$1,040$681$437$275$35
36 years$1,487$987$637$402$250$30
37 years$1,430$938$597$371$226$25
38 years$1,377$891$559$342$205$21
39 years$1,327$847$523$315$186$18
40 years$1,280$806$491$291$169$15
41 years$1,235$767$460$268$153$13
42 years$1,192$731$432$247$139$11
43 years$1,151$696$405$228$126$9
44 years$1,112$664$380$211$114$8
45 years$1,075$633$357$195$104$6
46 years$1,040$604$335$180$94$5
47 years$1,006$576$315$166$86$5
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$3
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $936,000, adding $5,191 every year, while hoping to spend $38,660 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: 22/48/30 Blend
58$936,000$936,000$936,000$936,000
59$1,036,827$987,219$972,711$1,049,741
60$1,101,449$994,458$964,162$1,069,007
61$1,171,367$1,000,757$954,032$1,086,062
62$1,247,080$1,006,028$942,226$1,103,486
63$1,329,138$1,010,179$928,646$1,121,336
64$1,418,143$1,013,110$913,189$1,139,678
65$1,514,760$1,014,719$895,747$1,158,586
66$1,619,718$1,014,893$876,207$1,178,147
67$1,733,822$1,013,516$854,453$1,198,459
68$1,857,954$1,010,461$830,359$1,219,635
69$1,993,088$1,005,595$803,798$1,241,805
70$2,140,292$998,778$774,635$1,265,114
71$2,300,744$989,861$742,727$1,289,730
72$2,475,739$978,684$707,928$1,315,841
73$2,666,704$965,079$670,084$1,343,660
74$2,875,209$948,868$629,032$1,373,428
75$3,102,980$929,863$584,605$1,405,417
76$3,351,922$907,864$536,626$1,439,933
77$3,624,127$882,658$484,912$1,477,320
78$3,921,901$854,022$429,271$1,517,964
79$4,247,784$821,718$369,500$1,562,301
80$4,604,572$785,496$305,392$1,610,816
81$4,995,342$745,089$236,727$1,664,054
82$5,423,486$700,217$163,276$1,722,625
83$5,892,737$650,583$84,801$1,787,211
84$6,407,207$595,873$1,053$1,858,574
85$6,971,426$535,755$0$1,937,563
86$7,590,382$469,877$0$2,053,400
87$8,269,569$397,869$0$2,181,067
88$9,015,039$319,339$0$2,321,497
89$9,833,460$233,873$0$2,476,097
90$10,732,175$141,035$0$2,646,426
91$11,719,273$40,362$0$2,834,213
92$12,803,666$0$0$3,041,371
93$13,995,172$0$0$3,306,273
94$15,304,605$0$0$3,621,000
95$16,743,881$0$0$3,967,121
96$18,326,128$0$0$4,347,814
97$20,065,805$0$0$4,766,584
98$21,978,848$0$0$5,227,290
99$24,082,811$0$0$5,734,185
100$26,397,035$0$0$6,291,955