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%16.6%
1 years$79,028$78,324$77,637$76,967$76,313$74,257
2 years$39,123$38,394$37,688$37,003$36,339$34,283
3 years$25,823$25,091$24,387$23,708$23,055$21,062
4 years$19,174$18,445$17,747$17,081$16,443$14,529
5 years$15,186$14,461$13,773$13,120$12,500$10,670
6 years$12,528$11,808$11,130$10,492$9,891$8,147
7 years$10,630$9,917$9,249$8,626$8,044$6,386
8 years$9,208$8,500$7,844$7,236$6,673$5,101
9 years$8,102$7,401$6,756$6,164$5,620$4,131
10 years$7,217$6,524$5,890$5,313$4,788$3,382
11 years$6,494$5,808$5,186$4,624$4,118$2,791
12 years$5,892$5,213$4,602$4,056$3,569$2,319
13 years$5,383$4,711$4,112$3,581$3,112$1,937
14 years$4,947$4,282$3,694$3,178$2,728$1,625
15 years$4,570$3,912$3,336$2,835$2,402$1,368
16 years$4,240$3,589$3,024$2,538$2,123$1,155
17 years$3,949$3,305$2,752$2,280$1,882$977
18 years$3,691$3,054$2,512$2,055$1,674$829
19 years$3,460$2,831$2,300$1,857$1,492$704
20 years$3,253$2,630$2,111$1,682$1,332$599
21 years$3,065$2,450$1,941$1,526$1,192$510
22 years$2,895$2,287$1,789$1,388$1,069$435
23 years$2,740$2,139$1,652$1,264$959$371
24 years$2,598$2,004$1,528$1,153$862$317
25 years$2,467$1,881$1,415$1,053$776$271
26 years$2,347$1,768$1,312$963$699$232
27 years$2,236$1,663$1,219$881$630$198
28 years$2,133$1,568$1,133$807$569$170
29 years$2,037$1,479$1,054$740$513$145
30 years$1,948$1,397$982$679$464$124
31 years$1,865$1,320$916$624$419$106
32 years$1,787$1,249$854$573$379$91
33 years$1,714$1,183$798$527$343$78
34 years$1,645$1,121$745$485$311$67
35 years$1,581$1,063$697$447$282$57
36 years$1,520$1,009$652$411$255$49
37 years$1,463$959$610$379$231$42
38 years$1,408$911$571$349$210$36
39 years$1,357$866$535$322$190$31
40 years$1,308$824$502$297$172$27
41 years$1,262$785$470$274$156$23
42 years$1,218$747$441$253$142$20
43 years$1,177$712$414$234$129$17
44 years$1,137$679$389$216$117$14
45 years$1,099$647$365$199$106$12
46 years$1,063$617$343$184$96$11
47 years$1,029$589$322$170$88$9
48 years$996$562$303$157$79$8
49 years$964$537$284$145$72$7
50 years$934$513$267$134$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $957,000, adding $3,293 every year, while hoping to spend $34,426 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: 69/7/24 Blend
58$957,000$957,000$957,000$957,000
59$1,058,011$1,007,290$992,456$1,124,346
60$1,129,299$1,020,018$989,075$1,181,924
61$1,206,704$1,032,216$984,426$1,240,619
62$1,290,815$1,043,822$978,431$1,304,038
63$1,382,278$1,054,768$971,008$1,372,647
64$1,481,803$1,064,985$962,070$1,446,961
65$1,590,174$1,074,396$951,526$1,527,547
66$1,708,251$1,082,921$939,281$1,615,030
67$1,836,983$1,090,474$925,237$1,710,099
68$1,977,411$1,096,963$909,289$1,813,516
69$2,130,684$1,102,292$891,327$1,926,119
70$2,298,066$1,106,356$871,239$2,048,834
71$2,480,948$1,109,046$848,904$2,182,680
72$2,680,860$1,110,245$824,198$2,328,782
73$2,899,490$1,109,829$796,990$2,488,381
74$3,138,693$1,107,666$767,145$2,662,846
75$3,400,513$1,103,615$734,518$2,853,685
76$3,687,202$1,097,529$698,961$3,062,561
77$4,001,238$1,089,249$660,317$3,291,310
78$4,345,351$1,078,609$618,424$3,541,954
79$4,722,547$1,065,431$573,112$3,816,724
80$5,136,137$1,049,527$524,201$4,118,080
81$5,589,768$1,030,699$471,507$4,448,735
82$6,087,456$1,008,735$414,834$4,811,678
83$6,633,625$983,412$353,980$5,210,207
84$7,233,149$954,493$288,732$5,647,959
85$7,891,396$921,729$218,870$6,128,941
86$8,614,278$884,854$144,163$6,657,573
87$9,408,311$843,587$64,368$7,238,728
88$10,280,668$797,633$0$7,877,779
89$11,239,257$746,678$0$8,585,971
90$12,292,786$690,389$0$9,382,449
91$13,450,849$628,417$0$10,257,980
92$14,724,016$560,391$0$11,220,574
93$16,123,934$485,918$0$12,279,058
94$17,663,433$404,585$0$13,443,156
95$19,356,648$315,955$0$14,723,585
96$21,219,155$219,566$0$16,132,152
97$23,268,114$114,930$0$17,681,871
98$25,522,432$1,532$0$19,387,078
99$28,002,941$0$0$21,263,574
100$30,732,594$0$0$23,338,103