Can I retire at age 59 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$79,606$78,897$78,205$77,530$76,871$75,628
2 years$39,409$38,675$37,964$37,274$36,605$35,357
3 years$26,012$25,275$24,565$23,882$23,224$22,009
4 years$19,314$18,579$17,877$17,206$16,563$15,390
5 years$15,297$14,567$13,873$13,215$12,591$11,464
6 years$12,620$11,895$11,212$10,569$9,963$8,883
7 years$10,708$9,989$9,317$8,689$8,103$7,070
8 years$9,275$8,563$7,902$7,289$6,722$5,736
9 years$8,161$7,455$6,806$6,209$5,661$4,722
10 years$7,270$6,571$5,933$5,352$4,823$3,930
11 years$6,542$5,850$5,224$4,658$4,148$3,300
12 years$5,935$5,251$4,636$4,085$3,595$2,790
13 years$5,423$4,745$4,142$3,607$3,135$2,373
14 years$4,984$4,313$3,721$3,202$2,748$2,027
15 years$4,603$3,940$3,360$2,855$2,419$1,739
16 years$4,271$3,615$3,046$2,557$2,138$1,497
17 years$3,978$3,329$2,772$2,297$1,896$1,292
18 years$3,718$3,076$2,530$2,070$1,686$1,117
19 years$3,485$2,851$2,317$1,871$1,503$968
20 years$3,276$2,650$2,126$1,694$1,342$841
21 years$3,088$2,468$1,955$1,538$1,201$731
22 years$2,916$2,304$1,802$1,398$1,077$636
23 years$2,760$2,155$1,664$1,273$966$555
24 years$2,617$2,019$1,539$1,161$869$484
25 years$2,485$1,894$1,425$1,061$782$422
26 years$2,364$1,781$1,322$970$704$369
27 years$2,252$1,676$1,228$888$635$323
28 years$2,149$1,579$1,141$813$573$282
29 years$2,052$1,490$1,062$746$517$247
30 years$1,962$1,407$989$684$467$216
31 years$1,878$1,330$922$629$422$189
32 years$1,800$1,258$860$578$382$166
33 years$1,726$1,192$803$531$346$145
34 years$1,657$1,129$751$489$313$127
35 years$1,592$1,071$702$450$284$112
36 years$1,531$1,017$657$414$257$98
37 years$1,473$966$614$382$233$86
38 years$1,419$918$575$352$211$75
39 years$1,367$873$539$324$191$66
40 years$1,318$830$505$299$174$58
41 years$1,271$790$474$276$158$51
42 years$1,227$753$444$255$143$45
43 years$1,185$717$417$235$130$39
44 years$1,145$684$392$217$118$34
45 years$1,107$652$368$201$107$30
46 years$1,071$622$345$185$97$26
47 years$1,036$593$324$171$88$23
48 years$1,003$567$305$158$80$20
49 years$972$541$287$146$73$18
50 years$941$517$269$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $964,000, adding $3,464 every year, while hoping to spend $39,909 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: 42/41/17 Blend
58$964,000$964,000$964,000$964,000
59$1,065,901$1,014,809$999,867$1,105,227
60$1,132,160$1,022,072$990,900$1,140,602
61$1,203,840$1,028,353$980,294$1,174,708
62$1,281,452$1,033,562$967,954$1,210,797
63$1,365,556$1,037,603$953,777$1,249,069
64$1,456,772$1,040,375$937,658$1,289,748
65$1,555,777$1,041,767$919,483$1,333,081
66$1,663,319$1,041,666$899,139$1,379,345
67$1,780,218$1,039,949$876,501$1,428,845
68$1,907,380$1,036,486$851,443$1,481,923
69$2,045,798$1,031,139$823,832$1,538,955
70$2,196,566$1,023,762$793,527$1,600,361
71$2,360,889$1,014,199$760,383$1,666,605
72$2,540,091$1,002,287$724,248$1,738,204
73$2,735,631$987,850$684,961$1,815,729
74$2,949,115$970,703$642,356$1,899,815
75$3,182,309$950,652$596,259$1,991,166
76$3,437,159$927,488$546,488$2,090,560
77$3,715,806$900,993$492,853$2,198,861
78$4,020,610$870,933$435,155$2,317,026
79$4,354,166$837,062$373,186$2,446,114
80$4,719,333$799,120$306,730$2,587,299
81$5,119,260$756,832$235,561$2,741,881
82$5,557,415$709,907$159,442$2,911,296
83$6,037,614$658,036$78,127$3,097,137
84$6,564,065$600,893$0$3,301,166
85$7,141,397$538,135$0$3,526,899
86$7,774,713$469,397$0$3,790,148
87$8,469,632$394,296$0$4,079,163
88$9,232,342$312,424$0$4,396,633
89$10,069,661$223,353$0$4,745,528
90$10,989,099$126,629$0$5,129,128
91$11,998,927$21,774$0$5,551,057
92$13,108,260$0$0$6,015,315
93$14,327,136$0$0$6,567,697
94$15,666,615$0$0$7,185,663
95$17,138,882$0$0$7,865,024
96$18,757,359$0$0$8,611,993
97$20,536,836$0$0$9,433,411
98$22,493,606$0$0$10,336,819
99$24,645,619$0$0$11,330,522
100$27,012,655$0$0$12,423,673