Can I retire at age 59 with 937,000?

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 $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%
1 years$77,377$76,687$76,015$75,359$74,718$74,092
2 years$38,305$37,592$36,900$36,230$35,580$34,949
3 years$25,283$24,567$23,877$23,213$22,573$21,957
4 years$18,773$18,059$17,376$16,724$16,099$15,503
5 years$14,869$14,159$13,485$12,845$12,239$11,663
6 years$12,266$11,562$10,898$10,273$9,684$9,130
7 years$10,408$9,709$9,056$8,446$7,876$7,344
8 years$9,015$8,323$7,680$7,085$6,534$6,024
9 years$7,932$7,246$6,615$6,035$5,502$5,014
10 years$7,067$6,387$5,767$5,202$4,688$4,222
11 years$6,359$5,686$5,077$4,527$4,032$3,587
12 years$5,769$5,104$4,506$3,971$3,494$3,070
13 years$5,271$4,612$4,026$3,506$3,047$2,643
14 years$4,844$4,192$3,617$3,112$2,671$2,287
15 years$4,474$3,830$3,266$2,775$2,352$1,987
16 years$4,151$3,514$2,961$2,485$2,078$1,733
17 years$3,866$3,236$2,694$2,233$1,843$1,516
18 years$3,614$2,990$2,460$2,012$1,639$1,329
19 years$3,388$2,771$2,252$1,818$1,460$1,168
20 years$3,185$2,575$2,066$1,647$1,305$1,028
21 years$3,001$2,399$1,901$1,495$1,167$907
22 years$2,834$2,239$1,752$1,359$1,046$801
23 years$2,682$2,094$1,617$1,238$939$708
24 years$2,543$1,962$1,496$1,129$844$627
25 years$2,416$1,841$1,386$1,031$760$556
26 years$2,298$1,731$1,285$943$684$493
27 years$2,189$1,629$1,193$863$617$437
28 years$2,088$1,535$1,109$790$557$389
29 years$1,995$1,448$1,032$725$503$345
30 years$1,907$1,367$962$665$454$307
31 years$1,826$1,293$896$611$411$273
32 years$1,750$1,223$836$561$371$243
33 years$1,678$1,158$781$516$336$216
34 years$1,611$1,098$730$475$304$193
35 years$1,548$1,041$682$437$276$172
36 years$1,488$988$638$403$250$153
37 years$1,432$939$597$371$226$136
38 years$1,379$892$559$342$205$121
39 years$1,329$848$524$315$186$108
40 years$1,281$807$491$291$169$97
41 years$1,236$768$461$268$153$86
42 years$1,193$732$432$248$139$77
43 years$1,152$697$405$229$126$69
44 years$1,113$664$381$211$114$61
45 years$1,076$634$357$195$104$55
46 years$1,041$604$336$180$94$49
47 years$1,007$577$315$166$86$43
48 years$975$551$296$154$78$39
49 years$944$526$278$142$71$35
50 years$915$502$262$131$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $937,000, adding $6,486 every year, while hoping to spend $37,975 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: 67/7/26 Blend
58$937,000$937,000$937,000$937,000
59$1,039,264$989,603$975,080$1,101,472
60$1,104,864$997,689$967,340$1,152,211
61$1,175,882$1,004,898$958,068$1,202,787
62$1,252,832$1,011,147$947,172$1,257,239
63$1,336,276$1,016,348$934,558$1,315,950
64$1,426,834$1,020,407$920,124$1,379,345
65$1,525,188$1,023,225$903,765$1,447,891
66$1,632,089$1,024,694$885,372$1,522,105
67$1,748,360$1,024,702$864,830$1,602,557
68$1,874,909$1,023,129$842,019$1,689,875
69$2,012,735$1,019,848$816,812$1,784,755
70$2,162,937$1,014,723$789,078$1,887,962
71$2,326,724$1,007,612$758,680$2,000,341
72$2,505,427$998,362$725,472$2,122,826
73$2,700,511$986,812$689,306$2,256,447
74$2,913,589$972,792$650,024$2,402,339
75$3,146,436$956,120$607,461$2,561,756
76$3,401,007$936,604$561,445$2,736,081
77$3,679,453$914,041$511,797$2,926,840
78$3,984,145$888,216$458,329$3,135,716
79$4,317,691$858,902$400,847$3,364,566
80$4,682,964$825,857$339,144$3,615,440
81$5,083,128$788,826$273,007$3,890,597
82$5,521,668$747,539$202,214$4,192,531
83$6,002,421$701,712$126,531$4,523,991
84$6,529,614$651,041$45,715$4,888,010
85$7,107,900$595,208$0$5,287,935
86$7,742,409$533,876$0$5,738,698
87$8,438,786$466,688$0$6,247,392
88$9,203,254$393,267$0$6,805,884
89$10,042,664$313,215$0$7,419,205
90$10,964,566$226,112$0$8,092,897
91$11,977,274$131,515$0$8,833,066
92$13,089,950$28,952$0$9,646,441
93$14,312,684$0$0$10,540,437
94$15,656,596$0$0$11,529,544
95$17,133,934$0$0$12,619,365
96$18,758,191$0$0$13,817,633
97$20,544,236$0$0$15,135,324
98$22,508,447$0$0$16,584,531
99$24,668,872$0$0$18,178,577
100$27,045,394$0$0$19,932,142