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%15.6%
1 years$79,854$79,143$78,449$77,771$77,110$75,338
2 years$39,532$38,795$38,082$37,390$36,719$34,943
3 years$26,093$25,353$24,642$23,956$23,296$21,572
4 years$19,374$18,637$17,933$17,259$16,615$14,956
5 years$15,345$14,612$13,917$13,257$12,630$11,042
6 years$12,659$11,932$11,247$10,601$9,994$8,477
7 years$10,741$10,020$9,346$8,716$8,128$6,683
8 years$9,304$8,589$7,926$7,312$6,743$5,369
9 years$8,186$7,478$6,827$6,228$5,678$4,375
10 years$7,293$6,592$5,952$5,369$4,838$3,603
11 years$6,562$5,868$5,240$4,672$4,161$2,993
12 years$5,954$5,267$4,650$4,098$3,606$2,503
13 years$5,440$4,760$4,155$3,618$3,144$2,105
14 years$4,999$4,327$3,733$3,212$2,756$1,778
15 years$4,618$3,952$3,370$2,864$2,427$1,507
16 years$4,284$3,626$3,056$2,565$2,145$1,282
17 years$3,990$3,340$2,781$2,304$1,902$1,093
18 years$3,729$3,086$2,538$2,077$1,691$933
19 years$3,496$2,860$2,324$1,876$1,507$799
20 years$3,287$2,658$2,133$1,699$1,346$685
21 years$3,097$2,476$1,962$1,542$1,205$588
22 years$2,925$2,311$1,808$1,402$1,080$505
23 years$2,768$2,161$1,669$1,277$969$434
24 years$2,625$2,025$1,544$1,165$871$374
25 years$2,493$1,900$1,430$1,064$784$322
26 years$2,372$1,786$1,326$973$706$278
27 years$2,259$1,681$1,231$890$637$239
28 years$2,155$1,584$1,145$816$575$206
29 years$2,059$1,494$1,065$748$519$178
30 years$1,968$1,411$992$687$469$154
31 years$1,884$1,334$925$631$424$133
32 years$1,806$1,262$863$579$383$115
33 years$1,732$1,195$806$533$347$99
34 years$1,662$1,133$753$490$314$86
35 years$1,597$1,075$704$451$285$74
36 years$1,536$1,020$659$416$258$64
37 years$1,478$969$616$383$234$55
38 years$1,423$921$577$353$212$48
39 years$1,371$875$541$325$192$41
40 years$1,322$833$507$300$174$36
41 years$1,275$793$475$277$158$31
42 years$1,231$755$446$256$143$27
43 years$1,189$719$418$236$130$23
44 years$1,149$686$393$218$118$20
45 years$1,111$654$369$201$107$17
46 years$1,074$624$346$186$97$15
47 years$1,040$595$325$172$88$13
48 years$1,006$568$306$159$80$11
49 years$975$543$287$147$73$10
50 years$944$518$270$136$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $967,000, adding $2,163 every year, while hoping to spend $27,914 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: 36/43/21 Blend
58$967,000$967,000$967,000$967,000
59$1,067,865$1,016,614$1,001,626$1,099,451
60$1,147,087$1,036,728$1,005,480$1,142,859
61$1,233,454$1,056,892$1,008,528$1,186,940
62$1,327,666$1,077,079$1,010,712$1,233,958
63$1,430,491$1,097,259$1,011,975$1,284,192
64$1,542,778$1,117,402$1,012,253$1,337,951
65$1,665,459$1,137,472$1,011,481$1,395,576
66$1,799,562$1,157,434$1,009,591$1,457,441
67$1,946,215$1,177,246$1,006,511$1,523,963
68$2,106,665$1,196,867$1,002,165$1,595,600
69$2,282,282$1,216,251$996,475$1,672,856
70$2,474,575$1,235,347$989,357$1,756,292
71$2,685,206$1,254,104$980,725$1,846,523
72$2,916,006$1,272,464$970,487$1,944,231
73$3,168,989$1,290,365$958,550$2,050,167
74$3,446,377$1,307,744$944,812$2,165,161
75$3,750,615$1,324,531$929,170$2,290,128
76$4,084,394$1,340,650$911,514$2,426,081
77$4,450,683$1,356,022$891,731$2,574,134
78$4,852,748$1,370,562$869,699$2,735,521
79$5,294,188$1,384,180$845,294$2,911,602
80$5,778,969$1,396,779$818,385$3,103,876
81$6,311,458$1,408,255$788,835$3,314,001
82$6,896,467$1,418,499$756,501$3,543,805
83$7,539,295$1,427,394$721,233$3,795,306
84$8,245,783$1,434,816$682,873$4,070,730
85$9,022,363$1,440,632$641,260$4,372,534
86$9,876,123$1,444,702$596,221$4,703,430
87$10,814,871$1,446,876$547,577$5,066,409
88$11,847,209$1,446,995$495,143$5,464,772
89$12,982,617$1,444,890$438,723$5,902,161
90$14,231,537$1,440,382$378,113$6,382,594
91$15,605,474$1,433,281$313,100$6,910,503
92$17,117,106$1,423,385$243,462$7,490,779
93$18,780,400$1,410,481$168,968$8,128,816
94$20,610,747$1,394,340$89,374$8,830,565
95$22,625,104$1,374,724$4,429$9,602,590
96$24,842,155$1,351,376$0$10,452,131
97$27,282,488$1,324,026$0$11,406,495
98$29,968,787$1,292,389$0$12,457,485
99$32,926,049$1,256,162$0$13,613,886
100$36,181,815$1,215,023$0$14,886,480