Can I retire at age 59 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$80,019$79,306$78,611$77,932$77,269$74,796
2 years$39,613$38,876$38,161$37,467$36,795$34,326
3 years$26,147$25,406$24,692$24,006$23,344$20,957
4 years$19,415$18,676$17,970$17,295$16,649$14,362
5 years$15,376$14,642$13,945$13,284$12,657$10,475
6 years$12,685$11,956$11,270$10,623$10,015$7,942
7 years$10,764$10,041$9,365$8,734$8,145$6,179
8 years$9,323$8,607$7,943$7,327$6,757$4,898
9 years$8,203$7,494$6,841$6,241$5,690$3,936
10 years$7,308$6,606$5,964$5,380$4,848$3,196
11 years$6,576$5,880$5,251$4,682$4,170$2,616
12 years$5,966$5,278$4,660$4,107$3,613$2,155
13 years$5,451$4,770$4,163$3,626$3,151$1,784
14 years$5,009$4,336$3,741$3,218$2,762$1,483
15 years$4,627$3,961$3,377$2,870$2,432$1,237
16 years$4,293$3,634$3,062$2,570$2,149$1,035
17 years$3,999$3,347$2,786$2,309$1,906$867
18 years$3,737$3,092$2,544$2,081$1,695$729
19 years$3,503$2,866$2,329$1,880$1,510$613
20 years$3,293$2,663$2,137$1,703$1,349$516
21 years$3,104$2,481$1,966$1,546$1,207$435
22 years$2,931$2,316$1,812$1,405$1,082$367
23 years$2,774$2,166$1,673$1,280$971$310
24 years$2,630$2,029$1,547$1,167$873$262
25 years$2,498$1,904$1,433$1,066$786$222
26 years$2,377$1,790$1,329$975$708$188
27 years$2,264$1,684$1,234$892$638$159
28 years$2,160$1,587$1,147$817$576$134
29 years$2,063$1,497$1,068$750$520$114
30 years$1,972$1,414$994$688$470$96
31 years$1,888$1,337$927$632$425$82
32 years$1,809$1,265$865$581$384$69
33 years$1,735$1,198$808$534$348$59
34 years$1,666$1,135$755$491$315$50
35 years$1,601$1,077$705$452$285$42
36 years$1,539$1,022$660$417$258$36
37 years$1,481$971$618$384$234$30
38 years$1,426$922$578$354$212$26
39 years$1,374$877$542$326$192$22
40 years$1,325$835$508$301$175$18
41 years$1,278$794$476$278$158$16
42 years$1,234$757$447$256$144$13
43 years$1,191$721$419$236$130$11
44 years$1,151$687$394$218$118$10
45 years$1,113$655$370$202$107$8
46 years$1,077$625$347$186$98$7
47 years$1,042$597$326$172$89$6
48 years$1,008$569$306$159$80$5
49 years$977$544$288$147$73$4
50 years$946$519$271$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $969,000, adding $4,524 every year, while hoping to spend $27,466 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: 53/30/17 Blend
58$969,000$969,000$969,000$969,000
59$1,072,505$1,021,148$1,006,128$1,124,186
60$1,152,676$1,041,960$1,010,610$1,180,872
61$1,240,105$1,062,872$1,014,321$1,239,237
62$1,335,502$1,083,859$1,017,207$1,302,137
63$1,439,650$1,104,895$1,019,210$1,370,011
64$1,553,411$1,125,951$1,020,270$1,443,342
65$1,677,734$1,146,997$1,020,324$1,522,664
66$1,813,662$1,168,000$1,019,304$1,608,564
67$1,962,346$1,188,922$1,017,142$1,701,692
68$2,125,052$1,209,727$1,013,763$1,802,761
69$2,303,175$1,230,370$1,009,091$1,912,558
70$2,498,249$1,250,809$1,003,046$2,031,954
71$2,711,965$1,270,993$995,543$2,161,904
72$2,946,185$1,290,872$986,493$2,303,465
73$3,202,961$1,310,389$975,805$2,457,801
74$3,484,550$1,329,485$963,382$2,626,195
75$3,793,440$1,348,096$949,121$2,810,063
76$4,132,370$1,366,152$932,916$3,010,963
77$4,504,360$1,383,582$914,657$3,230,617
78$4,912,733$1,400,306$894,226$3,470,921
79$5,361,152$1,416,240$871,502$3,733,966
80$5,853,649$1,431,296$846,358$4,022,058
81$6,394,670$1,445,378$818,659$4,337,739
82$6,989,109$1,458,384$788,267$4,683,812
83$7,642,360$1,470,207$755,036$5,063,367
84$8,360,363$1,480,730$718,812$5,479,811
85$9,149,666$1,489,831$679,438$5,936,902
86$10,017,478$1,497,379$636,745$6,438,779
87$10,971,745$1,503,235$590,561$6,990,011
88$12,021,221$1,507,251$540,702$7,595,630
89$13,175,549$1,509,270$486,980$8,261,187
90$14,445,357$1,509,126$429,195$8,992,801
91$15,842,350$1,506,640$367,140$9,797,218
92$17,379,429$1,501,625$300,599$10,681,875
93$19,070,807$1,493,881$229,345$11,654,970
94$20,932,144$1,483,195$153,142$12,725,542
95$22,980,695$1,469,344$71,745$13,903,555
96$25,235,472$1,452,088$0$15,199,993
97$27,717,425$1,431,175$0$16,629,709
98$30,449,637$1,406,337$0$18,217,375
99$33,457,543$1,377,291$0$19,964,729
100$36,769,170$1,343,736$0$21,888,046