Can I retire at age 59 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$80,267$79,552$78,854$78,173$77,509$74,938
2 years$39,736$38,996$38,279$37,583$36,909$34,344
3 years$26,228$25,484$24,769$24,080$23,417$20,937
4 years$19,475$18,734$18,025$17,348$16,701$14,327
5 years$15,424$14,687$13,988$13,325$12,696$10,433
6 years$12,724$11,993$11,305$10,656$10,046$7,897
7 years$10,797$10,072$9,394$8,761$8,170$6,134
8 years$9,352$8,634$7,967$7,349$6,778$4,853
9 years$8,229$7,517$6,862$6,260$5,708$3,893
10 years$7,330$6,626$5,983$5,396$4,863$3,155
11 years$6,596$5,899$5,267$4,696$4,183$2,577
12 years$5,985$5,294$4,674$4,119$3,625$2,119
13 years$5,468$4,785$4,176$3,637$3,161$1,751
14 years$5,025$4,349$3,752$3,228$2,771$1,452
15 years$4,641$3,973$3,388$2,879$2,439$1,209
16 years$4,306$3,645$3,072$2,578$2,156$1,009
17 years$4,011$3,357$2,795$2,316$1,912$844
18 years$3,749$3,102$2,551$2,087$1,700$707
19 years$3,514$2,875$2,336$1,886$1,515$594
20 years$3,304$2,671$2,144$1,708$1,353$499
21 years$3,113$2,488$1,972$1,550$1,211$420
22 years$2,940$2,323$1,817$1,410$1,086$353
23 years$2,783$2,172$1,678$1,284$974$298
24 years$2,638$2,035$1,552$1,171$876$251
25 years$2,506$1,910$1,437$1,069$788$212
26 years$2,384$1,795$1,333$978$710$179
27 years$2,271$1,690$1,238$895$640$151
28 years$2,166$1,592$1,151$820$578$128
29 years$2,069$1,502$1,071$752$521$108
30 years$1,979$1,418$997$690$471$91
31 years$1,894$1,341$930$634$426$77
32 years$1,815$1,269$868$582$385$65
33 years$1,741$1,202$810$536$349$55
34 years$1,671$1,139$757$493$316$46
35 years$1,606$1,080$708$454$286$39
36 years$1,544$1,025$662$418$259$33
37 years$1,485$974$620$385$235$28
38 years$1,430$925$580$355$213$24
39 years$1,378$880$544$327$193$20
40 years$1,329$837$510$302$175$17
41 years$1,282$797$478$278$159$14
42 years$1,237$759$448$257$144$12
43 years$1,195$723$421$237$131$10
44 years$1,155$689$395$219$119$9
45 years$1,116$657$371$202$108$7
46 years$1,080$627$348$187$98$6
47 years$1,045$598$327$173$89$5
48 years$1,012$571$307$159$81$4
49 years$980$545$289$147$73$4
50 years$949$521$272$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $972,000, adding $2,159 every year, while hoping to spend $50,319 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: 77/7/16 Blend
58$972,000$972,000$972,000$972,000
59$1,073,371$1,021,855$1,006,789$1,152,121
60$1,129,316$1,018,387$986,977$1,200,932
61$1,189,281$1,013,062$964,816$1,247,906
62$1,253,622$1,005,737$940,172$1,298,041
63$1,322,732$996,259$912,908$1,351,636
64$1,397,040$984,465$882,880$1,409,020
65$1,477,019$970,184$849,937$1,470,555
66$1,563,186$953,234$813,921$1,536,643
67$1,656,110$933,422$774,667$1,607,725
68$1,756,417$910,544$732,002$1,684,288
69$1,864,795$884,384$685,747$1,766,869
70$1,981,997$854,712$635,713$1,856,062
71$2,108,854$821,286$581,703$1,952,521
72$2,246,279$783,851$523,511$2,056,967
73$2,395,274$742,134$460,923$2,170,196
74$2,556,942$695,849$393,715$2,293,087
75$2,732,498$644,693$321,652$2,426,607
76$2,923,274$588,344$244,489$2,571,825
77$3,130,740$526,465$161,971$2,729,921
78$3,356,510$458,696$73,831$2,902,194
79$3,602,360$384,659$0$3,090,079
80$3,870,248$303,954$0$3,298,612
81$4,162,324$216,159$0$3,539,758
82$4,480,958$120,827$0$3,802,879
83$4,828,755$17,487$0$4,090,150
84$5,208,586$0$0$4,403,970
85$5,623,609$0$0$4,754,250
86$6,077,303$0$0$5,138,673
87$6,573,497$0$0$5,559,141
88$7,116,406$0$0$6,019,230
89$7,710,672$0$0$6,522,881
90$8,361,408$0$0$7,074,428
91$9,074,243$0$0$7,678,650
92$9,855,377$0$0$8,340,805
93$10,711,636$0$0$9,066,686
94$11,650,540$0$0$9,862,673
95$12,680,372$0$0$10,735,793
96$13,810,253$0$0$11,693,786
97$15,050,231$0$0$12,745,177
98$16,411,374$0$0$13,899,356
99$17,905,873$0$0$15,166,668
100$19,547,157$0$0$16,558,508