Can I retire at age 59 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$77,872$77,178$76,502$75,841$75,196$73,053
2 years$38,551$37,833$37,137$36,462$35,808$33,665
3 years$25,445$24,724$24,030$23,362$22,718$20,643
4 years$18,894$18,175$17,488$16,831$16,203$14,211
5 years$14,964$14,249$13,571$12,928$12,317$10,415
6 years$12,345$11,636$10,967$10,338$9,746$7,935
7 years$10,475$9,772$9,114$8,500$7,926$6,206
8 years$9,073$8,376$7,729$7,130$6,575$4,945
9 years$7,983$7,293$6,657$6,073$5,537$3,995
10 years$7,112$6,428$5,804$5,235$4,718$3,262
11 years$6,399$5,723$5,110$4,556$4,058$2,686
12 years$5,806$5,136$4,535$3,996$3,516$2,226
13 years$5,305$4,642$4,052$3,528$3,066$1,854
14 years$4,875$4,219$3,640$3,132$2,688$1,551
15 years$4,503$3,854$3,287$2,793$2,367$1,302
16 years$4,178$3,536$2,980$2,501$2,092$1,096
17 years$3,891$3,257$2,712$2,247$1,855$925
18 years$3,637$3,009$2,475$2,025$1,649$782
19 years$3,409$2,789$2,266$1,830$1,470$662
20 years$3,205$2,592$2,080$1,657$1,313$562
21 years$3,020$2,414$1,913$1,504$1,175$477
22 years$2,853$2,254$1,763$1,368$1,053$405
23 years$2,700$2,108$1,628$1,245$945$345
24 years$2,560$1,975$1,505$1,136$850$294
25 years$2,431$1,853$1,394$1,037$765$250
26 years$2,313$1,742$1,293$949$689$213
27 years$2,203$1,639$1,201$868$621$182
28 years$2,102$1,545$1,116$795$560$155
29 years$2,007$1,457$1,039$729$506$132
30 years$1,920$1,376$968$669$457$113
31 years$1,837$1,301$902$615$413$96
32 years$1,761$1,231$842$565$374$82
33 years$1,689$1,166$786$520$338$70
34 years$1,621$1,105$734$478$306$60
35 years$1,558$1,048$687$440$277$51
36 years$1,498$995$642$405$251$44
37 years$1,441$945$601$373$228$37
38 years$1,388$898$563$344$207$32
39 years$1,337$854$527$317$187$27
40 years$1,289$812$494$293$170$23
41 years$1,244$773$464$270$154$20
42 years$1,201$736$435$249$140$17
43 years$1,160$702$408$230$127$15
44 years$1,120$669$383$212$115$12
45 years$1,083$638$360$196$105$11
46 years$1,048$608$338$181$95$9
47 years$1,014$581$317$167$86$8
48 years$981$554$298$155$78$7
49 years$950$529$280$143$71$6
50 years$921$506$263$132$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $943,000, adding $5,465 every year, while hoping to spend $43,158 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: 68/21/11 Blend
58$943,000$943,000$943,000$943,000
59$1,044,823$994,844$980,228$1,113,070
60$1,105,475$997,672$967,145$1,161,953
61$1,170,868$999,191$952,179$1,209,709
62$1,241,438$999,293$935,218$1,260,810
63$1,317,667$997,862$916,151$1,315,578
64$1,400,084$994,772$894,857$1,374,369
65$1,489,271$989,893$871,212$1,437,576
66$1,585,865$983,087$845,087$1,505,631
67$1,690,569$974,204$816,343$1,579,013
68$1,804,156$963,089$784,840$1,658,250
69$1,927,475$949,576$750,427$1,743,926
70$2,061,461$933,488$712,949$1,836,684
71$2,207,140$914,640$672,244$1,937,235
72$2,365,645$892,833$628,140$2,046,364
73$2,538,218$867,859$580,460$2,164,936
74$2,726,229$839,497$529,018$2,293,908
75$2,931,184$807,512$473,620$2,434,336
76$3,154,741$771,656$414,062$2,587,383
77$3,398,725$731,668$350,134$2,754,336
78$3,665,145$687,269$281,613$2,936,614
79$3,956,211$638,168$208,269$3,135,784
80$4,274,359$584,052$129,861$3,353,574
81$4,622,269$524,596$46,136$3,591,891
82$5,002,891$459,451$0$3,852,842
83$5,419,474$388,253$0$4,143,821
84$5,875,597$310,614$0$4,468,429
85$6,375,200$226,126$0$4,824,107
86$6,922,622$134,357$0$5,214,012
87$7,522,640$34,852$0$5,641,623
88$8,180,519$0$0$6,110,780
89$8,902,054$0$0$6,642,552
90$9,693,631$0$0$7,234,836
91$10,562,280$0$0$7,884,848
92$11,515,749$0$0$8,598,391
93$12,562,569$0$0$9,381,858
94$13,712,139$0$0$10,242,292
95$14,974,814$0$0$11,187,449
96$16,361,998$0$0$12,225,876
97$17,886,258$0$0$13,366,988
98$19,561,435$0$0$14,621,156
99$21,402,780$0$0$15,999,808
100$23,427,093$0$0$17,515,532