Can I retire at age 59 with 937,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $937,000?

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$77,377$76,687$76,015$75,359$74,718$74,030
2 years$38,305$37,592$36,900$36,230$35,580$34,887
3 years$25,283$24,567$23,877$23,213$22,573$21,897
4 years$18,773$18,059$17,376$16,724$16,099$15,444
5 years$14,869$14,159$13,485$12,845$12,239$11,607
6 years$12,266$11,562$10,898$10,273$9,684$9,076
7 years$10,408$9,709$9,056$8,446$7,876$7,293
8 years$9,015$8,323$7,680$7,085$6,534$5,975
9 years$7,932$7,246$6,615$6,035$5,502$4,968
10 years$7,067$6,387$5,767$5,202$4,688$4,178
11 years$6,359$5,686$5,077$4,527$4,032$3,545
12 years$5,769$5,104$4,506$3,971$3,494$3,030
13 years$5,271$4,612$4,026$3,506$3,047$2,606
14 years$4,844$4,192$3,617$3,112$2,671$2,252
15 years$4,474$3,830$3,266$2,775$2,352$1,954
16 years$4,151$3,514$2,961$2,485$2,078$1,702
17 years$3,866$3,236$2,694$2,233$1,843$1,486
18 years$3,614$2,990$2,460$2,012$1,639$1,301
19 years$3,388$2,771$2,252$1,818$1,460$1,142
20 years$3,185$2,575$2,066$1,647$1,305$1,004
21 years$3,001$2,399$1,901$1,495$1,167$884
22 years$2,834$2,239$1,752$1,359$1,046$780
23 years$2,682$2,094$1,617$1,238$939$688
24 years$2,543$1,962$1,496$1,129$844$608
25 years$2,416$1,841$1,386$1,031$760$538
26 years$2,298$1,731$1,285$943$684$477
27 years$2,189$1,629$1,193$863$617$422
28 years$2,088$1,535$1,109$790$557$375
29 years$1,995$1,448$1,032$725$503$332
30 years$1,907$1,367$962$665$454$295
31 years$1,826$1,293$896$611$411$262
32 years$1,750$1,223$836$561$371$233
33 years$1,678$1,158$781$516$336$207
34 years$1,611$1,098$730$475$304$184
35 years$1,548$1,041$682$437$276$164
36 years$1,488$988$638$403$250$146
37 years$1,432$939$597$371$226$129
38 years$1,379$892$559$342$205$115
39 years$1,329$848$524$315$186$103
40 years$1,281$807$491$291$169$91
41 years$1,236$768$461$268$153$81
42 years$1,193$732$432$248$139$72
43 years$1,152$697$405$229$126$64
44 years$1,113$664$381$211$114$57
45 years$1,076$634$357$195$104$51
46 years$1,041$604$336$180$94$46
47 years$1,007$577$315$166$86$41
48 years$975$551$296$154$78$36
49 years$944$526$278$142$71$32
50 years$915$502$262$131$64$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $937,000, adding $3,208 every year, while hoping to spend $29,564 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: 40/36/24 Blend
58$937,000$937,000$937,000$937,000
59$1,035,883$986,222$971,699$1,069,854
60$1,110,087$1,003,091$972,795$1,111,517
61$1,190,869$1,019,796$972,936$1,153,535
62$1,278,869$1,036,297$972,061$1,198,408
63$1,374,791$1,052,552$970,102$1,246,413
64$1,479,409$1,068,517$966,990$1,297,858
65$1,593,576$1,084,142$962,652$1,353,082
66$1,718,232$1,099,376$957,011$1,412,461
67$1,854,409$1,114,162$949,988$1,476,409
68$2,003,244$1,128,442$941,499$1,545,385
69$2,165,992$1,142,152$931,455$1,619,894
70$2,344,029$1,155,224$919,765$1,700,497
71$2,538,875$1,167,585$906,333$1,787,811
72$2,752,202$1,179,158$891,056$1,882,519
73$2,985,850$1,189,860$873,830$1,985,376
74$3,241,848$1,199,604$854,544$2,097,214
75$3,522,427$1,208,296$833,083$2,218,955
76$3,830,048$1,215,836$809,325$2,351,613
77$4,167,419$1,222,118$783,143$2,496,313
78$4,537,523$1,227,029$754,405$2,654,293
79$4,943,646$1,230,449$722,974$2,826,922
80$5,389,407$1,232,251$688,703$3,015,712
81$5,878,794$1,232,298$651,441$3,222,332
82$6,416,197$1,230,447$611,031$3,448,623
83$7,006,455$1,226,545$567,306$3,696,620
84$7,654,898$1,220,429$520,095$3,968,568
85$8,367,396$1,211,929$469,216$4,266,946
86$9,150,417$1,200,860$414,482$4,594,488
87$10,011,086$1,187,029$355,694$4,954,214
88$10,957,255$1,170,232$292,648$5,349,456
89$11,997,572$1,150,250$225,129$5,783,892
90$13,141,566$1,126,853$152,912$6,261,578
91$14,399,734$1,099,798$75,763$6,786,992
92$15,783,645$1,068,825$0$7,365,076
93$17,306,040$1,033,662$0$8,002,962
94$18,980,963$994,018$0$8,725,796
95$20,823,884$949,587$0$9,520,860
96$22,851,849$900,046$0$10,395,545
97$25,083,640$845,050$0$11,358,001
98$27,539,952$784,239$0$12,417,212
99$30,243,588$717,227$0$13,583,084
100$33,219,673$643,611$0$14,866,539