Can I retire at age 59 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$79,193$78,488$77,800$77,128$76,472$75,423
2 years$39,205$38,474$37,767$37,081$36,415$35,360
3 years$25,877$25,143$24,438$23,758$23,103$22,075
4 years$19,214$18,483$17,784$17,116$16,477$15,484
5 years$15,218$14,491$13,801$13,147$12,526$11,570
6 years$12,554$11,833$11,154$10,514$9,911$8,994
7 years$10,652$9,937$9,269$8,644$8,061$7,182
8 years$9,227$8,518$7,861$7,251$6,687$5,848
9 years$8,119$7,417$6,770$6,176$5,631$4,831
10 years$7,232$6,537$5,903$5,324$4,798$4,035
11 years$6,508$5,820$5,196$4,634$4,127$3,401
12 years$5,905$5,224$4,612$4,064$3,576$2,887
13 years$5,395$4,721$4,120$3,588$3,118$2,465
14 years$4,958$4,291$3,702$3,185$2,734$2,114
15 years$4,579$3,920$3,342$2,841$2,407$1,821
16 years$4,249$3,596$3,030$2,543$2,127$1,574
17 years$3,957$3,312$2,758$2,285$1,886$1,364
18 years$3,698$3,061$2,517$2,059$1,677$1,185
19 years$3,467$2,836$2,304$1,861$1,495$1,032
20 years$3,259$2,636$2,115$1,685$1,335$900
21 years$3,071$2,455$1,945$1,530$1,195$786
22 years$2,901$2,292$1,793$1,391$1,071$687
23 years$2,745$2,143$1,655$1,267$961$602
24 years$2,603$2,008$1,531$1,155$864$527
25 years$2,472$1,885$1,418$1,055$778$463
26 years$2,352$1,771$1,315$965$700$406
27 years$2,241$1,667$1,221$883$631$357
28 years$2,137$1,571$1,135$809$570$314
29 years$2,041$1,482$1,056$742$515$276
30 years$1,952$1,399$984$681$465$243
31 years$1,869$1,323$917$625$420$213
32 years$1,791$1,252$856$575$380$188
33 years$1,717$1,185$799$528$344$166
34 years$1,649$1,124$747$486$312$146
35 years$1,584$1,066$698$448$282$128
36 years$1,523$1,011$653$412$256$113
37 years$1,466$961$611$380$232$100
38 years$1,411$913$572$350$210$88
39 years$1,360$868$536$323$190$78
40 years$1,311$826$503$298$173$68
41 years$1,265$786$471$275$157$60
42 years$1,221$749$442$254$142$53
43 years$1,179$713$415$234$129$47
44 years$1,139$680$389$216$117$41
45 years$1,102$649$366$200$106$37
46 years$1,065$619$343$184$97$32
47 years$1,031$590$323$170$88$28
48 years$998$564$303$157$80$25
49 years$966$538$285$145$72$22
50 years$936$514$268$134$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $959,000, adding $3,500 every year, while hoping to spend $38,455 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: 54/39/7 Blend
58$959,000$959,000$959,000$959,000
59$1,060,428$1,009,601$994,737$1,115,766
60$1,127,676$1,018,156$987,145$1,162,142
61$1,200,494$1,025,841$978,009$1,208,056
62$1,279,411$1,032,573$967,238$1,257,094
63$1,365,005$1,038,264$954,736$1,309,558
64$1,457,916$1,042,819$940,399$1,365,782
65$1,558,844$1,046,138$924,124$1,426,135
66$1,668,562$1,048,114$905,798$1,491,024
67$1,787,919$1,048,635$885,305$1,560,900
68$1,917,849$1,047,581$862,525$1,636,262
69$2,059,380$1,044,822$837,330$1,717,659
70$2,213,643$1,040,225$809,587$1,805,701
71$2,381,883$1,033,645$779,157$1,901,059
72$2,565,472$1,024,930$745,895$2,004,475
73$2,765,916$1,013,918$709,649$2,116,771
74$2,984,877$1,000,437$670,259$2,238,853
75$3,224,182$984,306$627,561$2,371,723
76$3,485,844$965,332$581,379$2,516,487
77$3,772,078$943,312$531,534$2,674,366
78$4,085,325$918,029$477,835$2,846,712
79$4,428,271$889,255$420,085$3,035,015
80$4,803,873$856,748$358,077$3,240,921
81$5,215,391$820,251$291,595$3,466,250
82$5,666,411$779,494$220,414$3,713,008
83$6,160,886$734,189$144,299$3,983,414
84$6,703,167$684,035$63,003$4,279,916
85$7,298,047$628,710$0$4,605,216
86$7,950,806$567,875$0$4,964,073
87$8,667,261$501,173$0$5,363,144
88$9,453,815$428,225$0$5,801,376
89$10,317,528$348,631$0$6,282,804
90$11,266,170$261,969$0$6,811,881
91$12,308,306$167,792$0$7,393,521
92$13,453,369$65,630$0$8,033,143
93$14,711,752$0$0$8,736,730
94$16,094,902$0$0$9,530,198
95$17,615,435$0$0$10,433,538
96$19,287,246$0$0$11,426,854
97$21,125,645$0$0$12,519,255
98$23,147,500$0$0$13,720,776
99$25,371,397$0$0$15,042,477
100$27,817,810$0$0$16,496,539