Can I retire at age 59 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$78,202$77,506$76,826$76,163$75,515$74,234
2 years$38,714$37,993$37,294$36,617$35,960$34,672
3 years$25,553$24,829$24,132$23,461$22,814$21,561
4 years$18,974$18,252$17,562$16,902$16,271$15,063
5 years$15,027$14,310$13,629$12,982$12,369$11,208
6 years$12,397$11,685$11,014$10,382$9,787$8,675
7 years$10,519$9,813$9,153$8,536$7,960$6,897
8 years$9,111$8,412$7,762$7,160$6,603$5,589
9 years$8,017$7,324$6,686$6,099$5,561$4,595
10 years$7,142$6,456$5,829$5,257$4,738$3,820
11 years$6,427$5,747$5,131$4,576$4,075$3,204
12 years$5,831$5,158$4,554$4,013$3,531$2,705
13 years$5,327$4,661$4,069$3,543$3,079$2,298
14 years$4,896$4,237$3,656$3,145$2,699$1,961
15 years$4,522$3,871$3,301$2,805$2,377$1,679
16 years$4,196$3,551$2,993$2,512$2,101$1,443
17 years$3,908$3,271$2,723$2,257$1,863$1,244
18 years$3,652$3,022$2,486$2,034$1,656$1,074
19 years$3,424$2,801$2,276$1,838$1,476$930
20 years$3,219$2,603$2,088$1,664$1,318$806
21 years$3,033$2,424$1,921$1,510$1,180$700
22 years$2,865$2,263$1,771$1,373$1,058$608
23 years$2,711$2,117$1,635$1,251$949$529
24 years$2,571$1,983$1,512$1,141$853$461
25 years$2,442$1,861$1,400$1,042$768$402
26 years$2,323$1,749$1,299$953$692$351
27 years$2,213$1,646$1,206$872$624$306
28 years$2,111$1,551$1,121$799$563$267
29 years$2,016$1,463$1,043$733$508$233
30 years$1,928$1,382$972$672$459$204
31 years$1,845$1,306$906$617$415$178
32 years$1,768$1,236$845$567$375$156
33 years$1,696$1,171$789$522$340$136
34 years$1,628$1,109$737$480$308$119
35 years$1,564$1,052$689$442$279$105
36 years$1,504$999$645$407$252$91
37 years$1,447$949$604$375$229$80
38 years$1,394$902$565$346$207$70
39 years$1,343$857$530$319$188$61
40 years$1,295$816$496$294$171$54
41 years$1,249$776$465$271$155$47
42 years$1,206$739$437$250$140$41
43 years$1,164$705$410$231$127$36
44 years$1,125$672$385$213$116$32
45 years$1,088$640$361$197$105$28
46 years$1,052$611$339$182$95$24
47 years$1,018$583$319$168$87$21
48 years$985$557$299$155$79$19
49 years$954$531$281$144$71$16
50 years$925$508$265$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $947,000, adding $5,298 every year, while hoping to spend $21,991 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: 53/30/17 Blend
58$947,000$947,000$947,000$947,000
59$1,049,059$998,868$984,189$1,099,567
60$1,132,665$1,024,414$993,761$1,160,268
61$1,224,061$1,050,475$1,002,917$1,223,514
62$1,324,020$1,077,053$1,011,619$1,291,846
63$1,433,390$1,104,149$1,019,829$1,365,752
64$1,553,107$1,131,763$1,027,504$1,445,773
65$1,684,201$1,159,897$1,034,603$1,532,503
66$1,827,806$1,188,548$1,041,078$1,626,595
67$1,985,170$1,217,715$1,046,883$1,728,770
68$2,157,670$1,247,396$1,051,966$1,839,822
69$2,346,821$1,277,586$1,056,275$1,960,626
70$2,554,290$1,308,282$1,059,754$2,092,144
71$2,781,917$1,339,476$1,062,344$2,235,439
72$3,031,724$1,371,163$1,063,985$2,391,678
73$3,305,943$1,403,332$1,064,611$2,562,152
74$3,607,029$1,435,975$1,064,155$2,748,279
75$3,937,687$1,469,080$1,062,546$2,951,623
76$4,300,900$1,502,633$1,059,710$3,173,909
77$4,699,949$1,536,619$1,055,567$3,417,036
78$5,138,453$1,571,023$1,050,038$3,683,096
79$5,620,395$1,605,823$1,043,035$3,974,397
80$6,150,168$1,641,001$1,034,469$4,293,480
81$6,732,607$1,676,531$1,024,245$4,643,147
82$7,373,040$1,712,389$1,012,265$5,026,484
83$8,077,340$1,748,546$998,426$5,446,892
84$8,851,975$1,784,971$982,618$5,908,123
85$9,704,070$1,821,628$964,730$6,414,307
86$10,641,479$1,858,482$944,642$6,969,997
87$11,672,853$1,895,490$922,231$7,580,213
88$12,807,724$1,932,609$897,366$8,250,486
89$14,056,595$1,969,791$869,911$8,986,910
90$15,431,040$2,006,983$839,725$9,796,203
91$16,943,809$2,044,128$806,659$10,685,770
92$18,608,953$2,081,165$770,557$11,663,771
93$20,441,953$2,118,030$731,258$12,739,197
94$22,459,868$2,154,649$688,591$13,921,961
95$24,681,495$2,190,947$642,379$15,222,986
96$27,127,545$2,226,841$592,437$16,654,310
97$29,820,842$2,262,243$538,570$18,229,201
98$32,786,532$2,297,058$480,577$19,962,282
99$36,052,328$2,331,184$418,246$21,869,670
100$39,648,765$2,364,511$351,357$23,969,124