Can I retire at age 59 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$78,368$77,669$76,988$76,324$75,675$73,577
2 years$38,796$38,073$37,373$36,694$36,036$33,938
3 years$25,607$24,881$24,183$23,510$22,862$20,830
4 years$19,014$18,290$17,599$16,938$16,306$14,355
5 years$15,059$14,340$13,657$13,010$12,395$10,531
6 years$12,423$11,710$11,037$10,404$9,808$8,032
7 years$10,541$9,834$9,172$8,554$7,977$6,289
8 years$9,131$8,429$7,779$7,176$6,617$5,017
9 years$8,034$7,339$6,700$6,112$5,573$4,059
10 years$7,157$6,469$5,841$5,269$4,748$3,318
11 years$6,440$5,759$5,142$4,585$4,084$2,735
12 years$5,843$5,169$4,564$4,022$3,539$2,270
13 years$5,338$4,671$4,077$3,551$3,086$1,893
14 years$4,906$4,246$3,663$3,152$2,705$1,586
15 years$4,532$3,879$3,308$2,811$2,382$1,333
16 years$4,204$3,559$2,999$2,517$2,105$1,124
17 years$3,916$3,278$2,729$2,261$1,866$950
18 years$3,660$3,029$2,491$2,038$1,660$804
19 years$3,431$2,807$2,280$1,842$1,479$682
20 years$3,225$2,608$2,093$1,668$1,321$580
21 years$3,039$2,430$1,925$1,514$1,182$493
22 years$2,871$2,268$1,774$1,376$1,060$420
23 years$2,717$2,121$1,638$1,253$951$357
24 years$2,576$1,987$1,515$1,143$855$305
25 years$2,447$1,865$1,403$1,044$769$260
26 years$2,327$1,753$1,301$955$693$222
27 years$2,217$1,650$1,209$874$625$190
28 years$2,115$1,554$1,123$801$564$162
29 years$2,020$1,466$1,045$734$509$138
30 years$1,932$1,385$974$674$460$118
31 years$1,849$1,309$908$619$416$101
32 years$1,772$1,239$847$569$376$86
33 years$1,700$1,173$791$523$340$74
34 years$1,632$1,112$739$481$308$63
35 years$1,568$1,055$691$443$279$54
36 years$1,507$1,001$646$408$253$46
37 years$1,450$951$605$376$229$40
38 years$1,397$903$566$346$208$34
39 years$1,346$859$531$319$189$29
40 years$1,297$817$497$295$171$25
41 years$1,252$778$466$272$155$21
42 years$1,208$741$438$251$141$18
43 years$1,167$706$411$232$128$16
44 years$1,128$673$385$214$116$13
45 years$1,090$642$362$197$105$11
46 years$1,054$612$340$182$96$10
47 years$1,020$584$319$169$87$8
48 years$988$558$300$156$79$7
49 years$956$533$282$144$72$6
50 years$927$509$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $949,000, adding $3,727 every year, while hoping to spend $31,885 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: 63/31/6 Blend
58$949,000$949,000$949,000$949,000
59$1,049,642$999,345$984,636$1,114,446
60$1,122,781$1,014,388$983,696$1,173,133
61$1,202,310$1,029,099$981,656$1,233,092
62$1,288,849$1,043,428$978,445$1,297,723
63$1,383,079$1,057,323$973,989$1,367,477
64$1,485,746$1,070,726$968,212$1,442,851
65$1,597,676$1,083,575$961,031$1,524,391
66$1,719,776$1,095,806$952,361$1,612,701
67$1,853,042$1,107,350$942,114$1,708,446
68$1,998,573$1,118,131$930,196$1,812,357
69$2,157,579$1,128,071$916,509$1,925,244
70$2,331,391$1,137,085$900,951$2,047,996
71$2,521,474$1,145,084$883,414$2,181,596
72$2,729,443$1,151,971$863,787$2,327,125
73$2,957,074$1,157,646$841,952$2,485,778
74$3,206,324$1,161,999$817,786$2,658,870
75$3,479,348$1,164,916$791,161$2,847,851
76$3,778,519$1,166,274$761,942$3,054,322
77$4,106,449$1,165,943$729,989$3,280,045
78$4,466,019$1,163,786$695,155$3,526,966
79$4,860,396$1,159,655$657,286$3,797,227
80$5,293,074$1,153,396$616,223$4,093,193
81$5,767,898$1,144,843$571,797$4,417,470
82$6,289,104$1,133,821$523,832$4,772,931
83$6,861,359$1,120,144$472,147$5,162,745
84$7,489,803$1,103,617$416,550$5,590,404
85$8,180,099$1,084,030$356,840$6,059,760
86$8,938,485$1,061,163$292,810$6,575,059
87$9,771,832$1,034,782$224,241$7,140,983
88$10,687,712$1,004,639$150,906$7,762,693
89$11,694,465$970,473$72,568$8,445,881
90$12,801,280$932,006$0$9,196,820
91$14,018,281$888,944$0$10,023,133
92$15,356,621$840,977$0$10,936,745
93$16,828,588$787,776$0$11,941,429
94$18,447,722$728,996$0$13,046,471
95$20,228,940$664,267$0$14,262,110
96$22,188,678$593,202$0$15,599,630
97$24,345,045$515,391$0$17,071,470
98$26,717,996$430,401$0$18,691,342
99$29,329,514$337,774$0$20,474,361
100$32,203,826$237,026$0$22,437,188