Can I retire at age 59 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$78,615$77,915$77,232$76,565$75,914$75,309
2 years$38,918$38,194$37,491$36,810$36,149$35,540
3 years$25,688$24,960$24,259$23,585$22,935$22,339
4 years$19,074$18,348$17,655$16,991$16,357$15,780
5 years$15,107$14,385$13,701$13,051$12,434$11,878
6 years$12,463$11,747$11,072$10,437$9,839$9,303
7 years$10,575$9,865$9,201$8,581$8,002$7,487
8 years$9,159$8,456$7,803$7,198$6,638$6,145
9 years$8,059$7,362$6,721$6,131$5,590$5,118
10 years$7,180$6,490$5,859$5,285$4,763$4,312
11 years$6,460$5,777$5,159$4,600$4,097$3,666
12 years$5,862$5,185$4,578$4,035$3,550$3,140
13 years$5,355$4,686$4,090$3,562$3,096$2,705
14 years$4,921$4,260$3,675$3,162$2,714$2,342
15 years$4,546$3,891$3,318$2,820$2,389$2,036
16 years$4,218$3,570$3,008$2,525$2,112$1,777
17 years$3,928$3,288$2,737$2,269$1,872$1,555
18 years$3,671$3,038$2,499$2,044$1,665$1,365
19 years$3,442$2,816$2,288$1,847$1,484$1,200
20 years$3,236$2,617$2,100$1,673$1,325$1,057
21 years$3,049$2,437$1,931$1,518$1,186$933
22 years$2,880$2,275$1,780$1,381$1,063$825
23 years$2,725$2,128$1,643$1,257$954$730
24 years$2,584$1,994$1,520$1,147$858$647
25 years$2,454$1,871$1,408$1,047$772$574
26 years$2,335$1,758$1,306$958$695$509
27 years$2,224$1,655$1,212$877$627$452
28 years$2,122$1,559$1,127$803$566$402
29 years$2,027$1,471$1,049$736$511$358
30 years$1,938$1,389$977$676$461$318
31 years$1,855$1,313$911$621$417$283
32 years$1,778$1,243$850$570$377$252
33 years$1,705$1,177$793$525$342$225
34 years$1,637$1,115$741$483$309$200
35 years$1,572$1,058$693$444$280$179
36 years$1,512$1,004$648$409$254$159
37 years$1,455$954$607$377$230$142
38 years$1,401$906$568$348$209$127
39 years$1,350$862$532$320$189$113
40 years$1,302$820$499$296$172$101
41 years$1,256$781$468$273$156$90
42 years$1,212$743$439$252$141$80
43 years$1,171$708$412$232$128$72
44 years$1,131$675$387$214$116$64
45 years$1,094$644$363$198$106$57
46 years$1,058$614$341$183$96$51
47 years$1,023$586$320$169$87$46
48 years$991$559$301$156$79$41
49 years$959$534$283$144$72$36
50 years$929$510$266$133$65$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $952,000, adding $2,648 every year, while hoping to spend $33,681 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: 59/16/25 Blend
58$952,000$952,000$952,000$952,000
59$1,051,835$1,001,379$986,623$1,106,664
60$1,123,286$1,014,611$983,839$1,157,568
61$1,200,896$1,027,361$979,832$1,209,219
62$1,285,258$1,039,573$974,527$1,264,837
63$1,377,024$1,051,181$967,843$1,324,815
64$1,476,911$1,062,119$959,696$1,389,585
65$1,585,708$1,072,316$949,999$1,459,626
66$1,704,285$1,081,693$938,658$1,535,467
67$1,833,596$1,090,171$925,578$1,617,690
68$1,974,695$1,097,661$910,656$1,706,938
69$2,128,739$1,104,072$893,789$1,803,923
70$2,297,004$1,109,305$874,864$1,909,428
71$2,480,892$1,113,254$853,765$2,024,317
72$2,681,949$1,115,809$830,372$2,149,546
73$2,901,875$1,116,852$804,558$2,286,169
74$3,142,545$1,116,257$776,189$2,435,347
75$3,406,021$1,113,889$745,128$2,598,364
76$3,694,574$1,109,608$711,228$2,776,635
77$4,010,705$1,103,264$674,338$2,971,722
78$4,357,168$1,094,695$634,301$3,185,349
79$4,736,999$1,083,734$590,949$3,419,417
80$5,153,537$1,070,202$544,110$3,676,024
81$5,610,462$1,053,907$493,602$3,957,484
82$6,111,829$1,034,648$439,238$4,266,349
83$6,662,103$1,012,212$380,819$4,605,437
84$7,266,200$986,374$318,139$4,977,853
85$7,929,539$956,892$250,984$5,387,025
86$8,658,088$923,516$179,127$5,836,732
87$9,458,420$885,975$102,335$6,331,143
88$10,337,778$843,987$20,363$6,874,856
89$11,304,140$797,252$0$7,472,943
90$12,366,297$745,451$0$8,148,899
91$13,533,931$688,250$0$8,897,950
92$14,817,711$625,294$0$9,721,535
93$16,229,392$556,207$0$10,627,232
94$17,781,923$480,594$0$11,623,394
95$19,489,571$398,036$0$12,719,226
96$21,368,057$308,089$0$13,924,875
97$23,434,701$210,288$0$15,251,524
98$25,708,587$104,138$0$16,711,495
99$28,210,741$0$0$18,318,373
100$30,964,330$0$0$20,089,043