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%18.7%
1 years$77,542$76,851$76,177$75,519$74,877$72,249
2 years$38,387$37,672$36,979$36,307$35,656$33,036
3 years$25,337$24,619$23,928$23,263$22,622$20,092
4 years$18,813$18,098$17,413$16,759$16,134$13,714
5 years$14,900$14,189$13,514$12,873$12,265$9,960
6 years$12,292$11,586$10,921$10,294$9,705$7,518
7 years$10,430$9,730$9,075$8,464$7,892$5,823
8 years$9,034$8,340$7,697$7,100$6,548$4,594
9 years$7,949$7,262$6,629$6,048$5,514$3,673
10 years$7,082$6,401$5,779$5,213$4,698$2,968
11 years$6,372$5,698$5,088$4,537$4,041$2,416
12 years$5,781$5,115$4,516$3,979$3,502$1,980
13 years$5,282$4,622$4,034$3,513$3,053$1,630
14 years$4,854$4,201$3,625$3,119$2,677$1,348
15 years$4,484$3,838$3,273$2,781$2,357$1,118
16 years$4,160$3,521$2,967$2,490$2,083$930
17 years$3,875$3,243$2,700$2,238$1,847$775
18 years$3,621$2,997$2,465$2,017$1,642$647
19 years$3,395$2,777$2,256$1,822$1,464$541
20 years$3,191$2,581$2,071$1,650$1,307$453
21 years$3,007$2,404$1,905$1,498$1,170$380
22 years$2,840$2,244$1,756$1,362$1,049$318
23 years$2,688$2,099$1,621$1,240$941$267
24 years$2,549$1,966$1,499$1,131$846$224
25 years$2,421$1,845$1,388$1,033$761$189
26 years$2,303$1,734$1,288$945$686$158
27 years$2,194$1,632$1,196$865$618$133
28 years$2,093$1,538$1,112$792$558$112
29 years$1,999$1,451$1,034$726$504$94
30 years$1,911$1,370$964$667$455$79
31 years$1,830$1,295$898$612$412$67
32 years$1,753$1,226$838$563$372$56
33 years$1,682$1,161$783$517$337$47
34 years$1,614$1,100$731$476$305$40
35 years$1,551$1,043$684$438$276$34
36 years$1,491$990$639$404$250$28
37 years$1,435$941$599$372$227$24
38 years$1,382$894$561$343$206$20
39 years$1,331$850$525$316$187$17
40 years$1,284$809$492$292$169$14
41 years$1,238$770$462$269$153$12
42 years$1,195$733$433$248$139$10
43 years$1,155$699$406$229$126$9
44 years$1,116$666$381$212$115$7
45 years$1,079$635$358$195$104$6
46 years$1,043$606$336$180$95$5
47 years$1,009$578$316$167$86$4
48 years$977$552$297$154$78$4
49 years$946$527$279$142$71$3
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $939,000, adding $5,650 every year, while hoping to spend $48,500 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: 49/40/11 Blend
58$939,000$939,000$939,000$939,000
59$1,040,606$990,839$976,284$1,088,224
60$1,095,144$987,786$957,386$1,118,452
61$1,153,620$982,959$936,230$1,145,716
62$1,216,383$976,218$912,688$1,174,225
63$1,283,819$967,417$886,627$1,204,110
64$1,356,349$956,401$857,910$1,235,519
65$1,434,437$943,005$826,390$1,268,615
66$1,518,592$927,055$791,916$1,303,584
67$1,609,372$908,365$754,330$1,340,632
68$1,707,393$886,739$713,464$1,379,989
69$1,813,328$861,971$669,147$1,421,914
70$1,927,920$833,840$621,196$1,466,694
71$2,051,984$802,114$569,422$1,514,650
72$2,186,416$766,547$513,627$1,566,141
73$2,332,201$726,879$453,604$1,621,566
74$2,490,424$682,834$389,138$1,681,372
75$2,662,276$634,122$320,003$1,746,053
76$2,849,069$580,434$245,964$1,816,163
77$3,052,244$521,446$166,775$1,892,315
78$3,273,390$456,814$82,178$1,975,194
79$3,514,252$386,174$0$2,065,559
80$3,776,751$309,142$0$2,165,207
81$4,063,002$225,313$0$2,284,481
82$4,375,334$134,258$0$2,414,801
83$4,716,307$35,526$0$2,557,362
84$5,088,743$0$0$2,713,485
85$5,495,745$0$0$2,916,047
86$5,940,731$0$0$3,154,707
87$6,427,466$0$0$3,415,859
88$6,960,092$0$0$3,701,739
89$7,543,172$0$0$4,014,809
90$8,181,730$0$0$4,357,779
91$8,881,300$0$0$4,733,637
92$9,647,975$0$0$5,145,670
93$10,488,465$0$0$5,597,501
94$11,410,161$0$0$6,093,117
95$12,421,205$0$0$6,636,914
96$13,530,562$0$0$7,233,731
97$14,748,108$0$0$7,888,898
98$16,084,724$0$0$8,608,288
99$17,552,392$0$0$9,398,369
100$19,164,314$0$0$10,266,268