Can I retire at age 59 with 959,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$79,193$78,488$77,800$77,128$76,472$74,836
2 years$39,205$38,474$37,767$37,081$36,415$34,775
3 years$25,877$25,143$24,438$23,758$23,103$21,510
4 years$19,214$18,483$17,784$17,116$16,477$14,944
5 years$15,218$14,491$13,801$13,147$12,526$11,056
6 years$12,554$11,833$11,154$10,514$9,911$8,506
7 years$10,652$9,937$9,269$8,644$8,061$6,721
8 years$9,227$8,518$7,861$7,251$6,687$5,412
9 years$8,119$7,417$6,770$6,176$5,631$4,420
10 years$7,232$6,537$5,903$5,324$4,798$3,650
11 years$6,508$5,820$5,196$4,634$4,127$3,040
12 years$5,905$5,224$4,612$4,064$3,576$2,549
13 years$5,395$4,721$4,120$3,588$3,118$2,149
14 years$4,958$4,291$3,702$3,185$2,734$1,820
15 years$4,579$3,920$3,342$2,841$2,407$1,547
16 years$4,249$3,596$3,030$2,543$2,127$1,319
17 years$3,957$3,312$2,758$2,285$1,886$1,128
18 years$3,698$3,061$2,517$2,059$1,677$967
19 years$3,467$2,836$2,304$1,861$1,495$830
20 years$3,259$2,636$2,115$1,685$1,335$713
21 years$3,071$2,455$1,945$1,530$1,195$614
22 years$2,901$2,292$1,793$1,391$1,071$529
23 years$2,745$2,143$1,655$1,267$961$457
24 years$2,603$2,008$1,531$1,155$864$394
25 years$2,472$1,885$1,418$1,055$778$341
26 years$2,352$1,771$1,315$965$700$295
27 years$2,241$1,667$1,221$883$631$255
28 years$2,137$1,571$1,135$809$570$221
29 years$2,041$1,482$1,056$742$515$191
30 years$1,952$1,399$984$681$465$165
31 years$1,869$1,323$917$625$420$143
32 years$1,791$1,252$856$575$380$124
33 years$1,717$1,185$799$528$344$108
34 years$1,649$1,124$747$486$312$93
35 years$1,584$1,066$698$448$282$81
36 years$1,523$1,011$653$412$256$70
37 years$1,466$961$611$380$232$61
38 years$1,411$913$572$350$210$53
39 years$1,360$868$536$323$190$46
40 years$1,311$826$503$298$173$40
41 years$1,265$786$471$275$157$34
42 years$1,221$749$442$254$142$30
43 years$1,179$713$415$234$129$26
44 years$1,139$680$389$216$117$23
45 years$1,102$649$366$200$106$20
46 years$1,065$619$343$184$97$17
47 years$1,031$590$323$170$88$15
48 years$998$564$303$157$80$13
49 years$966$538$285$145$72$11
50 years$936$514$268$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $959,000, adding $3,208 every year, while hoping to spend $55,377 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: 44/41/15 Blend
58$959,000$959,000$959,000$959,000
59$1,060,127$1,009,300$994,436$1,102,055
60$1,109,339$999,835$968,828$1,122,232
61$1,161,715$988,050$940,507$1,138,299
62$1,217,519$973,774$909,323$1,154,517
63$1,277,040$956,823$875,120$1,170,923
64$1,340,595$937,004$837,733$1,187,562
65$1,408,532$914,113$796,993$1,204,490
66$1,481,231$887,933$752,721$1,221,769
67$1,559,109$858,235$704,730$1,239,474
68$1,642,625$824,775$652,826$1,257,694
69$1,732,281$787,298$596,804$1,276,529
70$1,828,629$745,530$536,452$1,296,098
71$1,932,273$699,185$471,547$1,316,535
72$2,043,878$647,958$401,857$1,337,997
73$2,164,174$591,529$327,139$1,360,662
74$2,293,963$529,556$247,141$1,384,733
75$2,434,124$461,682$161,598$1,410,442
76$2,585,627$387,527$70,234$1,438,052
77$2,749,535$306,690$0$1,467,863
78$2,927,017$218,747$0$1,504,577
79$3,119,358$123,251$0$1,556,492
80$3,327,973$19,730$0$1,612,837
81$3,554,415$0$0$1,674,152
82$3,800,394$0$0$1,782,687
83$4,067,791$0$0$1,910,451
84$4,358,675$0$0$2,049,543
85$4,675,322$0$0$2,201,067
86$5,020,237$0$0$2,366,233
87$5,396,176$0$0$2,546,377
88$5,806,173$0$0$2,742,968
89$6,253,567$0$0$2,957,622
90$6,742,033$0$0$3,192,119
91$7,275,617$0$0$3,448,419
92$7,858,771$0$0$3,728,678
93$8,496,400$0$0$4,035,273
94$9,193,903$0$0$4,370,817
95$9,957,223$0$0$4,738,191
96$10,792,906$0$0$5,140,567
97$11,708,160$0$0$5,581,435
98$12,710,924$0$0$6,064,643
99$13,809,938$0$0$6,594,426
100$15,014,830$0$0$7,175,449