Can I retire at age 59 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$77,542$76,851$76,177$75,519$74,877$73,008
2 years$38,387$37,672$36,979$36,307$35,656$33,784
3 years$25,337$24,619$23,928$23,263$22,622$20,806
4 years$18,813$18,098$17,413$16,759$16,134$14,389
5 years$14,900$14,189$13,514$12,873$12,265$10,595
6 years$12,292$11,586$10,921$10,294$9,705$8,112
7 years$10,430$9,730$9,075$8,464$7,892$6,377
8 years$9,034$8,340$7,697$7,100$6,548$5,108
9 years$7,949$7,262$6,629$6,048$5,514$4,150
10 years$7,082$6,401$5,779$5,213$4,698$3,407
11 years$6,372$5,698$5,088$4,537$4,041$2,821
12 years$5,781$5,115$4,516$3,979$3,502$2,352
13 years$5,282$4,622$4,034$3,513$3,053$1,971
14 years$4,854$4,201$3,625$3,119$2,677$1,659
15 years$4,484$3,838$3,273$2,781$2,357$1,402
16 years$4,160$3,521$2,967$2,490$2,083$1,188
17 years$3,875$3,243$2,700$2,238$1,847$1,009
18 years$3,621$2,997$2,465$2,017$1,642$859
19 years$3,395$2,777$2,256$1,822$1,464$732
20 years$3,191$2,581$2,071$1,650$1,307$625
21 years$3,007$2,404$1,905$1,498$1,170$535
22 years$2,840$2,244$1,756$1,362$1,049$458
23 years$2,688$2,099$1,621$1,240$941$392
24 years$2,549$1,966$1,499$1,131$846$336
25 years$2,421$1,845$1,388$1,033$761$288
26 years$2,303$1,734$1,288$945$686$248
27 years$2,194$1,632$1,196$865$618$213
28 years$2,093$1,538$1,112$792$558$183
29 years$1,999$1,451$1,034$726$504$157
30 years$1,911$1,370$964$667$455$135
31 years$1,830$1,295$898$612$412$116
32 years$1,753$1,226$838$563$372$100
33 years$1,682$1,161$783$517$337$86
34 years$1,614$1,100$731$476$305$74
35 years$1,551$1,043$684$438$276$64
36 years$1,491$990$639$404$250$55
37 years$1,435$941$599$372$227$47
38 years$1,382$894$561$343$206$41
39 years$1,331$850$525$316$187$35
40 years$1,284$809$492$292$169$30
41 years$1,238$770$462$269$153$26
42 years$1,195$733$433$248$139$22
43 years$1,155$699$406$229$126$19
44 years$1,116$666$381$212$115$17
45 years$1,079$635$358$195$104$14
46 years$1,043$606$336$180$95$12
47 years$1,009$578$316$167$86$11
48 years$977$552$297$154$78$9
49 years$946$527$279$142$71$8
50 years$917$503$262$132$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $939,000, adding $4,600 every year, while hoping to spend $27,169 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: 52/38/10 Blend
58$939,000$939,000$939,000$939,000
59$1,039,523$989,756$975,201$1,090,656
60$1,116,647$1,009,346$978,963$1,145,573
61$1,200,726$1,028,986$981,940$1,201,959
62$1,292,443$1,048,649$984,078$1,262,646
63$1,392,546$1,068,306$985,318$1,328,045
64$1,501,860$1,087,928$985,600$1,398,612
65$1,621,293$1,107,480$984,861$1,474,847
66$1,751,845$1,126,926$983,034$1,557,301
67$1,894,616$1,146,229$980,049$1,646,583
68$2,050,819$1,165,346$975,833$1,743,363
69$2,221,788$1,184,233$970,308$1,848,380
70$2,408,991$1,202,841$963,395$1,962,449
71$2,614,048$1,221,120$955,008$2,086,467
72$2,838,739$1,239,013$945,059$2,221,424
73$3,085,028$1,256,463$933,456$2,368,413
74$3,355,075$1,273,404$920,101$2,528,636
75$3,651,262$1,289,770$904,894$2,703,421
76$3,976,210$1,305,487$887,727$2,894,229
77$4,332,807$1,320,480$868,489$3,102,673
78$4,724,233$1,334,664$847,064$3,330,532
79$5,153,994$1,347,951$823,330$3,579,765
80$5,625,950$1,360,249$797,159$3,852,535
81$6,144,351$1,371,456$768,418$4,151,224
82$6,713,883$1,381,465$736,968$4,478,459
83$7,339,705$1,390,163$702,663$4,837,137
84$8,027,503$1,397,429$665,351$5,230,452
85$8,783,540$1,403,135$624,871$5,661,926
86$9,614,715$1,407,142$581,059$6,135,441
87$10,528,631$1,409,307$533,739$6,655,276
88$11,533,662$1,409,474$482,730$7,226,152
89$12,639,037$1,407,479$427,842$7,853,270
90$13,854,921$1,403,148$368,877$8,542,368
91$15,192,516$1,396,296$305,628$9,299,769
92$16,664,165$1,386,726$237,879$10,132,445
93$18,283,465$1,374,231$165,403$11,048,082
94$20,065,400$1,358,590$87,966$12,055,154
95$22,026,479$1,339,569$5,320$13,163,002
96$24,184,891$1,316,919$0$14,381,926
97$26,560,680$1,290,378$0$15,732,122
98$29,175,931$1,259,669$0$17,218,442
99$32,054,979$1,224,495$0$18,854,147
100$35,224,637$1,184,545$0$20,654,477