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%15.9%
1 years$79,193$78,488$77,800$77,128$76,472$74,623
2 years$39,205$38,474$37,767$37,081$36,415$34,564
3 years$25,877$25,143$24,438$23,758$23,103$21,307
4 years$19,214$18,483$17,784$17,116$16,477$14,750
5 years$15,218$14,491$13,801$13,147$12,526$10,872
6 years$12,554$11,833$11,154$10,514$9,911$8,333
7 years$10,652$9,937$9,269$8,644$8,061$6,558
8 years$9,227$8,518$7,861$7,251$6,687$5,260
9 years$8,119$7,417$6,770$6,176$5,631$4,278
10 years$7,232$6,537$5,903$5,324$4,798$3,517
11 years$6,508$5,820$5,196$4,634$4,127$2,916
12 years$5,905$5,224$4,612$4,064$3,576$2,434
13 years$5,395$4,721$4,120$3,588$3,118$2,043
14 years$4,958$4,291$3,702$3,185$2,734$1,722
15 years$4,579$3,920$3,342$2,841$2,407$1,456
16 years$4,249$3,596$3,030$2,543$2,127$1,236
17 years$3,957$3,312$2,758$2,285$1,886$1,051
18 years$3,698$3,061$2,517$2,059$1,677$896
19 years$3,467$2,836$2,304$1,861$1,495$765
20 years$3,259$2,636$2,115$1,685$1,335$655
21 years$3,071$2,455$1,945$1,530$1,195$560
22 years$2,901$2,292$1,793$1,391$1,071$480
23 years$2,745$2,143$1,655$1,267$961$412
24 years$2,603$2,008$1,531$1,155$864$354
25 years$2,472$1,885$1,418$1,055$778$304
26 years$2,352$1,771$1,315$965$700$262
27 years$2,241$1,667$1,221$883$631$225
28 years$2,137$1,571$1,135$809$570$194
29 years$2,041$1,482$1,056$742$515$167
30 years$1,952$1,399$984$681$465$144
31 years$1,869$1,323$917$625$420$124
32 years$1,791$1,252$856$575$380$107
33 years$1,717$1,185$799$528$344$92
34 years$1,649$1,124$747$486$312$79
35 years$1,584$1,066$698$448$282$68
36 years$1,523$1,011$653$412$256$59
37 years$1,466$961$611$380$232$51
38 years$1,411$913$572$350$210$44
39 years$1,360$868$536$323$190$38
40 years$1,311$826$503$298$173$33
41 years$1,265$786$471$275$157$28
42 years$1,221$749$442$254$142$24
43 years$1,179$713$415$234$129$21
44 years$1,139$680$389$216$117$18
45 years$1,102$649$366$200$106$16
46 years$1,065$619$343$184$97$13
47 years$1,031$590$323$170$88$12
48 years$998$564$303$157$80$10
49 years$966$538$285$145$72$9
50 years$936$514$268$134$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $959,000, adding $3,253 every year, while hoping to spend $40,191 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: 52/20/28 Blend
58$959,000$959,000$959,000$959,000
59$1,060,173$1,009,346$994,482$1,106,824
60$1,125,548$1,016,042$985,034$1,146,287
61$1,196,244$1,021,718$973,923$1,184,872
62$1,272,762$1,026,282$961,050$1,226,052
63$1,355,651$1,029,638$946,312$1,270,093
64$1,445,516$1,031,679$929,603$1,317,290
65$1,543,023$1,032,295$910,809$1,367,965
66$1,648,902$1,031,369$889,812$1,422,482
67$1,763,959$1,028,774$866,489$1,481,237
68$1,889,077$1,024,379$840,711$1,544,675
69$2,025,232$1,018,042$812,344$1,613,283
70$2,173,493$1,009,614$781,245$1,687,604
71$2,335,041$998,936$747,268$1,768,237
72$2,511,171$985,840$710,257$1,855,846
73$2,703,312$970,148$670,053$1,951,165
74$2,913,036$951,671$626,485$2,055,007
75$3,142,072$930,210$579,379$2,168,269
76$3,392,325$905,551$528,550$2,291,947
77$3,665,891$877,473$473,805$2,427,138
78$3,965,079$845,736$414,945$2,575,058
79$4,292,430$810,089$351,758$2,737,050
80$4,650,742$770,268$284,026$2,914,598
81$5,043,097$725,991$211,521$3,109,343
82$5,472,890$676,961$134,003$3,323,099
83$5,943,855$622,863$51,223$3,557,869
84$6,460,111$563,365$0$3,815,867
85$7,026,189$498,117$0$4,110,628
86$7,647,081$426,746$0$4,450,816
87$8,328,288$348,861$0$4,824,179
88$9,075,866$264,048$0$5,234,101
89$9,896,487$171,869$0$5,684,314
90$10,797,500$71,862$0$6,178,930
91$11,787,001$0$0$6,722,485
92$12,873,908$0$0$7,328,007
93$14,068,045$0$0$8,010,744
94$15,380,236$0$0$8,761,081
95$16,822,403$0$0$9,585,850
96$18,407,683$0$0$10,492,576
97$20,150,548$0$0$11,489,550
98$22,066,941$0$0$12,585,909
99$24,174,429$0$0$13,791,715
100$26,492,366$0$0$15,118,057