Can I retire at age 59 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$79,689$78,979$78,286$77,610$76,950$74,073
2 years$39,450$38,715$38,003$37,313$36,643$33,777
3 years$26,039$25,301$24,591$23,907$23,248$20,483
4 years$19,334$18,599$17,896$17,223$16,581$13,939
5 years$15,313$14,582$13,888$13,229$12,604$10,092
6 years$12,633$11,907$11,223$10,580$9,973$7,592
7 years$10,719$9,999$9,327$8,698$8,111$5,860
8 years$9,285$8,571$7,910$7,297$6,729$4,607
9 years$8,169$7,463$6,813$6,215$5,667$3,670
10 years$7,278$6,578$5,939$5,357$4,828$2,954
11 years$6,549$5,856$5,229$4,663$4,152$2,396
12 years$5,942$5,256$4,641$4,090$3,598$1,955
13 years$5,428$4,750$4,146$3,611$3,138$1,603
14 years$4,989$4,318$3,725$3,205$2,751$1,320
15 years$4,608$3,944$3,363$2,858$2,422$1,090
16 years$4,275$3,619$3,049$2,559$2,141$903
17 years$3,982$3,333$2,775$2,300$1,898$749
18 years$3,722$3,080$2,533$2,072$1,688$623
19 years$3,489$2,854$2,319$1,873$1,504$518
20 years$3,280$2,652$2,128$1,696$1,344$432
21 years$3,091$2,470$1,958$1,539$1,202$360
22 years$2,919$2,306$1,804$1,399$1,078$301
23 years$2,763$2,157$1,666$1,275$967$251
24 years$2,619$2,021$1,541$1,162$870$210
25 years$2,488$1,896$1,427$1,062$782$176
26 years$2,367$1,782$1,323$971$705$147
27 years$2,255$1,677$1,229$888$635$123
28 years$2,151$1,581$1,142$814$573$103
29 years$2,054$1,491$1,063$746$518$86
30 years$1,964$1,408$990$685$468$72
31 years$1,880$1,331$923$629$423$60
32 years$1,802$1,260$861$578$383$51
33 years$1,728$1,193$804$532$346$42
34 years$1,659$1,131$751$489$313$36
35 years$1,594$1,072$703$450$284$30
36 years$1,533$1,018$657$415$257$25
37 years$1,475$967$615$382$233$21
38 years$1,420$919$576$352$211$18
39 years$1,368$874$540$325$192$15
40 years$1,319$831$506$300$174$12
41 years$1,273$791$474$276$158$10
42 years$1,229$753$445$255$143$9
43 years$1,187$718$418$235$130$7
44 years$1,147$684$392$217$118$6
45 years$1,108$653$368$201$107$5
46 years$1,072$623$346$185$97$4
47 years$1,037$594$325$171$88$4
48 years$1,004$567$305$158$80$3
49 years$973$542$287$146$73$3
50 years$942$517$270$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $965,000, adding $4,256 every year, while hoping to spend $23,254 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: 70/22/8 Blend
58$965,000$965,000$965,000$965,000
59$1,067,820$1,016,675$1,001,718$1,140,794
60$1,151,996$1,041,750$1,010,533$1,214,715
61$1,243,978$1,067,274$1,018,864$1,292,315
62$1,344,538$1,093,245$1,026,671$1,376,595
63$1,454,526$1,119,660$1,033,910$1,468,205
64$1,574,878$1,146,513$1,040,536$1,567,862
65$1,706,623$1,173,800$1,046,501$1,676,355
66$1,850,896$1,201,514$1,051,757$1,794,555
67$2,008,947$1,229,647$1,056,250$1,923,419
68$2,182,150$1,258,190$1,059,924$2,064,001
69$2,372,021$1,287,133$1,062,723$2,217,463
70$2,580,228$1,316,464$1,064,586$2,385,084
71$2,808,610$1,346,169$1,065,448$2,568,275
72$3,059,190$1,376,233$1,065,243$2,768,587
73$3,334,199$1,406,640$1,063,900$2,987,731
74$3,636,093$1,437,371$1,061,346$3,227,591
75$3,967,576$1,468,404$1,057,503$3,490,244
76$4,331,630$1,499,717$1,052,290$3,777,976
77$4,731,537$1,531,284$1,045,623$4,093,306
78$5,170,914$1,563,077$1,037,411$4,439,012
79$5,653,745$1,595,066$1,027,563$4,818,152
80$6,184,420$1,627,217$1,015,980$5,234,097
81$6,767,775$1,659,495$1,002,559$5,690,559
82$7,409,138$1,691,860$987,194$6,191,631
83$8,114,377$1,724,268$969,772$6,741,823
84$8,889,960$1,756,674$950,176$7,346,101
85$9,743,013$1,789,027$928,284$8,009,941
86$10,681,384$1,821,274$903,965$8,739,375
87$11,713,723$1,853,354$877,086$9,541,051
88$12,849,561$1,885,206$847,506$10,422,294
89$14,099,396$1,916,762$815,078$11,391,176
90$15,474,799$1,947,948$779,647$12,456,592
91$16,988,517$1,978,685$741,054$13,628,345
92$18,654,596$2,008,891$699,129$14,917,235
93$20,488,512$2,038,474$653,697$16,335,168
94$22,507,318$2,067,338$604,575$17,895,259
95$24,729,806$2,095,378$551,569$19,611,964
96$27,176,680$2,122,486$494,481$21,501,214
97$29,870,755$2,148,541$433,099$23,580,564
98$32,837,170$2,173,417$367,206$25,869,357
99$36,103,626$2,196,980$296,572$28,388,915
100$39,700,649$2,219,085$220,960$31,162,730