Can I retire at age 59 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$80,349$79,634$78,935$78,254$77,588$76,682
2 years$39,777$39,036$38,318$37,622$36,947$36,035
3 years$26,255$25,511$24,794$24,105$23,441$22,551
4 years$19,495$18,753$18,044$17,366$16,718$15,858
5 years$15,440$14,703$14,003$13,339$12,709$11,880
6 years$12,737$12,006$11,316$10,667$10,056$9,260
7 years$10,808$10,082$9,404$8,770$8,178$7,416
8 years$9,361$8,642$7,975$7,357$6,785$6,055
9 years$8,237$7,525$6,869$6,267$5,714$5,017
10 years$7,338$6,633$5,989$5,402$4,868$4,204
11 years$6,603$5,905$5,272$4,701$4,187$3,554
12 years$5,991$5,300$4,679$4,124$3,628$3,026
13 years$5,473$4,789$4,180$3,641$3,164$2,592
14 years$5,030$4,353$3,756$3,232$2,773$2,231
15 years$4,646$3,977$3,391$2,882$2,442$1,928
16 years$4,311$3,649$3,075$2,581$2,158$1,672
17 years$4,015$3,360$2,798$2,319$1,914$1,454
18 years$3,752$3,105$2,554$2,090$1,702$1,268
19 years$3,518$2,878$2,338$1,888$1,517$1,108
20 years$3,307$2,674$2,146$1,710$1,355$970
21 years$3,116$2,491$1,974$1,552$1,212$850
22 years$2,943$2,325$1,819$1,411$1,087$746
23 years$2,786$2,175$1,680$1,285$975$656
24 years$2,641$2,038$1,553$1,172$877$577
25 years$2,509$1,912$1,439$1,070$789$508
26 years$2,386$1,797$1,334$979$711$448
27 years$2,273$1,691$1,239$896$641$395
28 years$2,169$1,594$1,152$821$578$349
29 years$2,071$1,503$1,072$753$522$308
30 years$1,981$1,420$998$691$472$272
31 years$1,896$1,342$931$634$426$240
32 years$1,817$1,270$868$583$386$212
33 years$1,743$1,203$811$536$349$188
34 years$1,673$1,140$758$493$316$166
35 years$1,607$1,081$708$454$286$147
36 years$1,545$1,026$663$418$259$130
37 years$1,487$975$620$385$235$115
38 years$1,432$926$581$355$213$102
39 years$1,380$881$544$328$193$90
40 years$1,330$838$510$302$175$80
41 years$1,283$798$478$279$159$71
42 years$1,239$760$449$257$144$63
43 years$1,196$724$421$237$131$56
44 years$1,156$690$395$219$119$49
45 years$1,118$658$371$202$108$44
46 years$1,081$628$348$187$98$39
47 years$1,046$599$327$173$89$34
48 years$1,013$572$308$160$81$30
49 years$981$546$289$148$73$27
50 years$950$522$272$136$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $973,000, adding $4,986 every year, while hoping to spend $50,412 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: 64/18/18 Blend
58$973,000$973,000$973,000$973,000
59$1,077,389$1,025,820$1,010,739$1,141,172
60$1,133,645$1,022,447$990,960$1,181,242
61$1,193,949$1,017,220$968,830$1,218,805
62$1,258,661$1,009,993$944,215$1,258,641
63$1,328,177$1,000,615$916,978$1,300,975
64$1,402,928$988,922$886,975$1,346,055
65$1,483,392$974,744$854,053$1,394,156
66$1,570,089$957,898$818,056$1,445,583
67$1,663,595$938,192$778,817$1,500,673
68$1,764,539$915,421$736,165$1,559,801
69$1,873,614$889,368$689,918$1,623,381
70$1,991,581$859,806$639,889$1,691,870
71$2,119,277$826,491$585,880$1,765,778
72$2,257,621$789,167$527,685$1,845,666
73$2,407,625$747,562$465,088$1,932,157
74$2,570,400$701,391$397,867$2,025,939
75$2,747,171$650,348$325,785$2,127,773
76$2,939,281$594,115$248,598$2,238,503
77$3,148,212$532,350$166,050$2,359,062
78$3,375,591$464,697$77,874$2,490,479
79$3,623,210$390,775$0$2,633,896
80$3,893,040$310,186$0$2,793,691
81$4,187,252$222,506$0$2,984,304
82$4,508,232$127,290$0$3,192,362
83$4,858,609$24,065$0$3,419,632
84$5,241,277$0$0$3,668,057
85$5,659,420$0$0$3,957,150
86$6,116,545$0$0$4,278,470
87$6,616,512$0$0$4,629,972
88$7,163,573$0$0$5,014,653
89$7,762,407$0$0$5,435,812
90$8,418,170$0$0$5,897,084
91$9,136,536$0$0$6,402,470
92$9,923,756$0$0$6,956,379
93$10,786,714$0$0$7,563,663
94$11,732,993$0$0$8,229,668
95$12,770,941$0$0$8,960,283
96$13,909,758$0$0$9,761,993
97$15,159,574$0$0$10,641,943
98$16,531,548$0$0$11,608,000
99$18,037,973$0$0$12,668,833
100$19,692,390$0$0$13,833,991