Can I retire at age 59 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$79,028$78,324$77,637$76,967$76,313$75,172
2 years$39,123$38,394$37,688$37,003$36,339$35,193
3 years$25,823$25,091$24,387$23,708$23,055$21,938
4 years$19,174$18,445$17,747$17,081$16,443$15,365
5 years$15,186$14,461$13,773$13,120$12,500$11,463
6 years$12,528$11,808$11,130$10,492$9,891$8,896
7 years$10,630$9,917$9,249$8,626$8,044$7,092
8 years$9,208$8,500$7,844$7,236$6,673$5,765
9 years$8,102$7,401$6,756$6,164$5,620$4,754
10 years$7,217$6,524$5,890$5,313$4,788$3,964
11 years$6,494$5,808$5,186$4,624$4,118$3,335
12 years$5,892$5,213$4,602$4,056$3,569$2,825
13 years$5,383$4,711$4,112$3,581$3,112$2,407
14 years$4,947$4,282$3,694$3,178$2,728$2,061
15 years$4,570$3,912$3,336$2,835$2,402$1,771
16 years$4,240$3,589$3,024$2,538$2,123$1,528
17 years$3,949$3,305$2,752$2,280$1,882$1,321
18 years$3,691$3,054$2,512$2,055$1,674$1,145
19 years$3,460$2,831$2,300$1,857$1,492$995
20 years$3,253$2,630$2,111$1,682$1,332$866
21 years$3,065$2,450$1,941$1,526$1,192$754
22 years$2,895$2,287$1,789$1,388$1,069$658
23 years$2,740$2,139$1,652$1,264$959$575
24 years$2,598$2,004$1,528$1,153$862$503
25 years$2,467$1,881$1,415$1,053$776$440
26 years$2,347$1,768$1,312$963$699$385
27 years$2,236$1,663$1,219$881$630$338
28 years$2,133$1,568$1,133$807$569$296
29 years$2,037$1,479$1,054$740$513$260
30 years$1,948$1,397$982$679$464$228
31 years$1,865$1,320$916$624$419$200
32 years$1,787$1,249$854$573$379$176
33 years$1,714$1,183$798$527$343$154
34 years$1,645$1,121$745$485$311$136
35 years$1,581$1,063$697$447$282$119
36 years$1,520$1,009$652$411$255$105
37 years$1,463$959$610$379$231$92
38 years$1,408$911$571$349$210$81
39 years$1,357$866$535$322$190$71
40 years$1,308$824$502$297$172$63
41 years$1,262$785$470$274$156$55
42 years$1,218$747$441$253$142$49
43 years$1,177$712$414$234$129$43
44 years$1,137$679$389$216$117$38
45 years$1,099$647$365$199$106$33
46 years$1,063$617$343$184$96$29
47 years$1,029$589$322$170$88$26
48 years$996$562$303$157$79$23
49 years$964$537$284$145$72$20
50 years$934$513$267$134$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $957,000, adding $6,832 every year, while hoping to spend $52,360 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: 30/50/20 Blend
58$957,000$957,000$957,000$957,000
59$1,061,661$1,010,940$996,107$1,086,683
60$1,114,240$1,004,766$973,766$1,100,088
61$1,170,427$996,534$948,921$1,109,318
62$1,230,535$986,088$921,434$1,118,142
63$1,294,907$973,264$891,160$1,126,554
64$1,363,918$957,885$857,945$1,134,557
65$1,437,982$939,765$821,630$1,142,155
66$1,517,552$918,709$782,050$1,149,362
67$1,603,123$894,507$739,030$1,156,197
68$1,695,243$866,939$692,389$1,162,686
69$1,794,510$835,771$641,936$1,168,866
70$1,901,582$800,756$587,473$1,174,785
71$2,017,182$761,632$528,792$1,180,500
72$2,142,105$718,123$465,677$1,186,086
73$2,277,225$669,935$397,902$1,191,630
74$2,423,500$616,760$325,230$1,197,240
75$2,581,986$558,271$247,414$1,203,040
76$2,753,843$494,121$164,197$1,209,182
77$2,940,348$423,945$75,310$1,215,838
78$3,142,902$347,358$0$1,223,213
79$3,363,051$263,951$0$1,235,715
80$3,602,491$173,293$0$1,266,865
81$3,863,091$74,930$0$1,300,955
82$4,146,906$0$0$1,338,412
83$4,456,198$0$0$1,397,113
84$4,793,456$0$0$1,506,214
85$5,161,421$0$0$1,625,390
86$5,563,108$0$0$1,755,637
87$6,001,837$0$0$1,898,050
88$6,481,261$0$0$2,053,834
89$7,005,405$0$0$2,224,316
90$7,578,698$0$0$2,410,959
91$8,206,017$0$0$2,615,372
92$8,892,732$0$0$2,839,328
93$9,644,759$0$0$3,084,778
94$10,468,608$0$0$3,353,874
95$11,371,453$0$0$3,648,982
96$12,361,191$0$0$3,972,712
97$13,446,524$0$0$4,327,935
98$14,637,031$0$0$4,717,816
99$15,943,268$0$0$5,145,841
100$17,376,859$0$0$5,615,848