Can I retire at age 59 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$79,771$79,061$78,368$77,691$77,030$76,513
2 years$39,491$38,755$38,043$37,351$36,681$36,159
3 years$26,066$25,327$24,616$23,931$23,272$22,762
4 years$19,354$18,618$17,914$17,241$16,598$16,103
5 years$15,329$14,597$13,902$13,243$12,617$12,140
6 years$12,646$11,919$11,235$10,590$9,984$9,524
7 years$10,730$10,010$9,336$8,707$8,119$7,678
8 years$9,294$8,580$7,918$7,304$6,736$6,312
9 years$8,178$7,471$6,820$6,221$5,673$5,267
10 years$7,285$6,585$5,946$5,363$4,833$4,445
11 years$6,555$5,862$5,234$4,667$4,157$3,786
12 years$5,948$5,262$4,645$4,094$3,602$3,248
13 years$5,434$4,755$4,150$3,614$3,141$2,804
14 years$4,994$4,322$3,729$3,208$2,754$2,433
15 years$4,613$3,948$3,367$2,861$2,424$2,119
16 years$4,280$3,623$3,053$2,562$2,143$1,853
17 years$3,986$3,336$2,778$2,302$1,900$1,625
18 years$3,725$3,083$2,536$2,075$1,689$1,429
19 years$3,493$2,857$2,321$1,874$1,506$1,260
20 years$3,283$2,655$2,130$1,698$1,345$1,112
21 years$3,094$2,473$1,960$1,541$1,204$984
22 years$2,922$2,308$1,806$1,401$1,079$871
23 years$2,766$2,159$1,668$1,276$968$773
24 years$2,622$2,023$1,542$1,164$870$686
25 years$2,490$1,898$1,428$1,063$783$610
26 years$2,369$1,784$1,325$972$706$543
27 years$2,257$1,679$1,230$889$636$483
28 years$2,153$1,582$1,144$815$574$431
29 years$2,056$1,493$1,064$747$518$384
30 years$1,966$1,410$991$686$468$343
31 years$1,882$1,333$924$630$423$306
32 years$1,804$1,261$862$579$383$273
33 years$1,730$1,194$805$532$347$244
34 years$1,661$1,132$752$490$314$218
35 years$1,596$1,073$703$451$284$195
36 years$1,534$1,019$658$415$258$174
37 years$1,476$968$616$383$233$156
38 years$1,422$920$577$353$212$139
39 years$1,370$874$540$325$192$125
40 years$1,321$832$506$300$174$111
41 years$1,274$792$475$277$158$100
42 years$1,230$754$445$255$143$89
43 years$1,188$719$418$236$130$80
44 years$1,148$685$392$218$118$72
45 years$1,110$653$368$201$107$64
46 years$1,073$623$346$186$97$57
47 years$1,038$595$325$172$88$51
48 years$1,005$568$305$159$80$46
49 years$974$542$287$146$73$41
50 years$943$518$270$135$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $966,000, adding $5,235 every year, while hoping to spend $44,796 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: 59/30/11 Blend
58$966,000$966,000$966,000$966,000
59$1,069,932$1,018,734$1,003,761$1,129,932
60$1,131,402$1,020,989$989,724$1,173,182
61$1,197,641$1,021,854$973,716$1,214,819
62$1,269,088$1,021,212$955,623$1,259,135
63$1,346,225$1,018,941$935,326$1,306,392
64$1,429,582$1,014,912$912,702$1,356,878
65$1,519,742$1,008,985$887,620$1,410,915
66$1,617,345$1,001,014$859,944$1,468,858
67$1,723,095$990,845$829,533$1,531,099
68$1,837,766$978,312$796,238$1,598,073
69$1,962,210$963,240$759,903$1,670,261
70$2,097,362$945,445$720,367$1,748,195
71$2,244,252$924,731$677,458$1,832,464
72$2,404,013$900,891$631,000$1,923,719
73$2,577,891$873,703$580,808$2,022,681
74$2,767,258$842,937$526,687$2,130,145
75$2,973,623$808,345$468,436$2,246,993
76$3,198,646$769,668$405,842$2,374,199
77$3,444,156$726,630$338,685$2,512,839
78$3,712,164$678,938$266,735$2,664,105
79$4,004,885$626,287$189,751$2,829,311
80$4,324,757$568,348$107,482$3,009,912
81$4,674,464$504,780$19,664$3,207,515
82$5,056,962$435,216$0$3,423,897
83$5,475,504$359,274$0$3,669,710
84$5,933,673$276,546$0$3,941,461
85$6,435,415$186,604$0$4,239,268
86$6,985,075$88,996$0$4,565,814
87$7,587,438$0$0$4,924,059
88$8,247,773$0$0$5,322,803
89$8,971,884$0$0$5,792,354
90$9,766,164$0$0$6,307,488
91$10,637,654$0$0$6,872,781
92$11,594,108$0$0$7,493,276
93$12,644,071$0$0$8,174,523
94$13,796,952$0$0$8,922,642
95$15,063,117$0$0$9,744,370
96$16,453,986$0$0$10,647,129
97$17,982,138$0$0$11,639,099
98$19,661,431$0$0$12,729,287
99$21,507,133$0$0$13,927,619
100$23,536,065$0$0$15,245,030