Can I retire at age 59 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$77,624$76,933$76,258$75,600$74,957$74,610
2 years$38,428$37,712$37,019$36,346$35,694$35,343
3 years$25,364$24,645$23,953$23,287$22,646$22,303
4 years$18,834$18,117$17,432$16,777$16,151$15,818
5 years$14,916$14,204$13,528$12,886$12,278$11,956
6 years$12,305$11,599$10,933$10,305$9,715$9,405
7 years$10,441$9,740$9,085$8,473$7,901$7,603
8 years$9,044$8,349$7,705$7,108$6,555$6,268
9 years$7,958$7,270$6,636$6,054$5,520$5,245
10 years$7,089$6,408$5,786$5,219$4,703$4,440
11 years$6,379$5,704$5,094$4,542$4,045$3,793
12 years$5,788$5,120$4,520$3,984$3,505$3,265
13 years$5,288$4,627$4,039$3,517$3,057$2,827
14 years$4,859$4,206$3,629$3,122$2,679$2,461
15 years$4,489$3,842$3,276$2,784$2,359$2,151
16 years$4,165$3,525$2,970$2,493$2,085$1,887
17 years$3,879$3,246$2,703$2,240$1,849$1,661
18 years$3,625$3,000$2,467$2,019$1,644$1,466
19 years$3,399$2,780$2,259$1,824$1,465$1,296
20 years$3,195$2,584$2,073$1,652$1,309$1,149
21 years$3,011$2,406$1,907$1,499$1,171$1,020
22 years$2,843$2,246$1,757$1,363$1,050$907
23 years$2,691$2,101$1,623$1,242$942$807
24 years$2,552$1,968$1,501$1,132$847$720
25 years$2,423$1,847$1,390$1,034$762$642
26 years$2,305$1,736$1,289$946$687$574
27 years$2,196$1,634$1,197$865$619$513
28 years$2,095$1,540$1,113$793$559$459
29 years$2,001$1,452$1,036$727$504$411
30 years$1,913$1,372$965$667$456$368
31 years$1,832$1,297$899$613$412$330
32 years$1,755$1,227$839$563$373$295
33 years$1,683$1,162$783$518$337$265
34 years$1,616$1,101$732$477$305$238
35 years$1,553$1,045$684$439$277$213
36 years$1,493$991$640$404$251$192
37 years$1,437$942$599$372$227$172
38 years$1,383$895$561$343$206$155
39 years$1,333$851$526$316$187$139
40 years$1,285$810$493$292$169$125
41 years$1,240$771$462$269$154$112
42 years$1,197$734$433$248$139$101
43 years$1,156$699$407$229$127$91
44 years$1,117$667$382$212$115$81
45 years$1,080$636$358$196$104$73
46 years$1,044$606$337$181$95$66
47 years$1,011$579$316$167$86$59
48 years$978$552$297$154$78$53
49 years$947$528$279$143$71$48
50 years$918$504$263$132$64$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $940,000, adding $5,749 every year, while hoping to spend $24,244 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: 36/34/30 Blend
58$940,000$940,000$940,000$940,000
59$1,041,810$991,990$977,420$1,069,783
60$1,122,279$1,014,802$984,368$1,114,010
61$1,210,144$1,037,920$990,737$1,159,138
62$1,306,132$1,061,331$996,480$1,207,403
63$1,411,047$1,085,026$1,001,552$1,259,103
64$1,525,771$1,108,990$1,005,901$1,314,568
65$1,651,278$1,133,208$1,009,476$1,374,164
66$1,788,637$1,157,664$1,012,223$1,438,291
67$1,939,028$1,182,339$1,014,082$1,507,393
68$2,103,749$1,207,215$1,014,994$1,581,961
69$2,284,231$1,232,267$1,014,896$1,662,532
70$2,482,047$1,257,473$1,013,720$1,749,703
71$2,698,933$1,282,806$1,011,396$1,844,131
72$2,936,798$1,308,238$1,007,852$1,946,541
73$3,197,747$1,333,737$1,003,010$2,057,733
74$3,484,096$1,359,269$996,790$2,178,588
75$3,798,398$1,384,797$989,107$2,310,080
76$4,143,466$1,410,283$979,873$2,453,284
77$4,522,395$1,435,683$968,995$2,609,384
78$4,938,599$1,460,951$956,376$2,779,688
79$5,395,836$1,486,037$941,914$2,965,636
80$5,898,246$1,510,888$925,502$3,168,820
81$6,450,390$1,535,445$907,031$3,390,994
82$7,057,295$1,559,647$886,381$3,634,094
83$7,724,497$1,583,428$863,433$3,900,254
84$8,458,095$1,606,715$838,057$4,191,831
85$9,264,810$1,629,433$810,121$4,511,420
86$10,152,045$1,651,500$779,485$4,861,887
87$11,127,959$1,672,828$746,002$5,246,393
88$12,201,538$1,693,324$709,521$5,668,421
89$13,382,686$1,712,888$669,881$6,131,816
90$14,682,314$1,731,413$626,915$6,640,817
91$16,112,443$1,748,786$580,450$7,200,098
92$17,686,320$1,764,885$530,304$7,814,816
93$19,418,541$1,779,580$476,285$8,490,654
94$21,325,187$1,792,734$418,195$9,233,883
95$23,423,978$1,804,201$355,827$10,051,416
96$25,734,441$1,813,823$288,964$10,950,876
97$28,278,089$1,821,435$217,379$11,940,669
98$31,078,629$1,826,860$140,836$13,030,065
99$34,162,183$1,829,911$59,089$14,229,282
100$37,557,537$1,830,388$0$15,549,590