Can I retire at age 59 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$79,854$79,143$78,449$77,771$77,110$76,720
2 years$39,532$38,795$38,082$37,390$36,719$36,326
3 years$26,093$25,353$24,642$23,956$23,296$22,912
4 years$19,374$18,637$17,933$17,259$16,615$16,242
5 years$15,345$14,612$13,917$13,257$12,630$12,270
6 years$12,659$11,932$11,247$10,601$9,994$9,647
7 years$10,741$10,020$9,346$8,716$8,128$7,794
8 years$9,304$8,589$7,926$7,312$6,743$6,422
9 years$8,186$7,478$6,827$6,228$5,678$5,371
10 years$7,293$6,592$5,952$5,369$4,838$4,544
11 years$6,562$5,868$5,240$4,672$4,161$3,880
12 years$5,954$5,267$4,650$4,098$3,606$3,337
13 years$5,440$4,760$4,155$3,618$3,144$2,888
14 years$4,999$4,327$3,733$3,212$2,756$2,512
15 years$4,618$3,952$3,370$2,864$2,427$2,195
16 years$4,284$3,626$3,056$2,565$2,145$1,924
17 years$3,990$3,340$2,781$2,304$1,902$1,692
18 years$3,729$3,086$2,538$2,077$1,691$1,492
19 years$3,496$2,860$2,324$1,876$1,507$1,319
20 years$3,287$2,658$2,133$1,699$1,346$1,168
21 years$3,097$2,476$1,962$1,542$1,205$1,036
22 years$2,925$2,311$1,808$1,402$1,080$920
23 years$2,768$2,161$1,669$1,277$969$819
24 years$2,625$2,025$1,544$1,165$871$729
25 years$2,493$1,900$1,430$1,064$784$650
26 years$2,372$1,786$1,326$973$706$580
27 years$2,259$1,681$1,231$890$637$518
28 years$2,155$1,584$1,145$816$575$463
29 years$2,059$1,494$1,065$748$519$415
30 years$1,968$1,411$992$687$469$371
31 years$1,884$1,334$925$631$424$332
32 years$1,806$1,262$863$579$383$298
33 years$1,732$1,195$806$533$347$267
34 years$1,662$1,133$753$490$314$239
35 years$1,597$1,075$704$451$285$214
36 years$1,536$1,020$659$416$258$192
37 years$1,478$969$616$383$234$173
38 years$1,423$921$577$353$212$155
39 years$1,371$875$541$325$192$139
40 years$1,322$833$507$300$174$125
41 years$1,275$793$475$277$158$112
42 years$1,231$755$446$256$143$101
43 years$1,189$719$418$236$130$90
44 years$1,149$686$393$218$118$81
45 years$1,111$654$369$201$107$73
46 years$1,074$624$346$186$97$66
47 years$1,040$595$325$172$88$59
48 years$1,006$568$306$159$80$53
49 years$975$543$287$147$73$48
50 years$944$518$270$136$66$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $967,000, adding $4,708 every year, while hoping to spend $40,848 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: 44/28/28 Blend
58$967,000$967,000$967,000$967,000
59$1,070,490$1,019,239$1,004,251$1,108,710
60$1,136,218$1,025,720$994,431$1,142,927
61$1,207,282$1,031,149$982,914$1,175,739
62$1,284,181$1,035,432$969,598$1,210,527
63$1,367,468$1,038,469$954,380$1,247,498
64$1,457,747$1,040,151$937,149$1,286,883
65$1,555,685$1,040,367$917,791$1,328,938
66$1,662,014$1,038,994$896,186$1,373,948
67$1,777,539$1,035,904$872,209$1,422,230
68$1,903,147$1,030,963$845,727$1,474,135
69$2,039,813$1,024,024$816,603$1,530,055
70$2,188,608$1,014,936$784,694$1,590,423
71$2,350,714$1,003,535$749,849$1,655,720
72$2,527,429$989,651$711,910$1,726,479
73$2,720,182$973,099$670,715$1,803,294
74$2,930,548$953,688$626,091$1,886,820
75$3,160,257$931,212$577,858$1,977,786
76$3,411,217$905,455$525,830$2,076,998
77$3,685,525$876,187$469,810$2,185,350
78$3,985,494$843,165$409,594$2,303,832
79$4,313,667$806,133$344,968$2,433,541
80$4,672,846$764,818$275,709$2,575,690
81$5,066,115$718,933$201,584$2,731,624
82$5,496,872$668,174$122,350$2,902,830
83$5,968,857$612,219$37,753$3,090,955
84$6,486,191$550,728$0$3,297,819
85$7,053,411$483,342$0$3,541,131
86$7,675,515$409,682$0$3,820,484
87$8,358,007$329,346$0$4,127,135
88$9,106,951$241,911$0$4,463,901
89$9,929,024$146,928$0$4,833,887
90$10,831,583$43,927$0$5,240,522
91$11,822,732$0$0$5,687,586
92$12,911,398$0$0$6,200,079
93$14,107,414$0$0$6,778,101
94$15,421,613$0$0$7,413,367
95$16,865,931$0$0$8,111,664
96$18,453,517$0$0$8,879,364
97$20,198,854$0$0$9,723,489
98$22,117,903$0$0$10,651,776
99$24,228,246$0$0$11,672,747
100$26,549,255$0$0$12,795,794