Can I retire at age 59 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$81,423$80,698$79,990$79,299$78,625$75,956
2 years$40,308$39,558$38,830$38,125$37,440$34,779
3 years$26,605$25,851$25,126$24,427$23,754$21,182
4 years$19,755$19,004$18,285$17,598$16,941$14,480
5 years$15,646$14,899$14,190$13,517$12,879$10,534
6 years$12,908$12,166$11,468$10,810$10,190$7,964
7 years$10,952$10,217$9,530$8,887$8,288$6,179
8 years$9,487$8,758$8,082$7,455$6,875$4,883
9 years$8,347$7,625$6,961$6,350$5,790$3,912
10 years$7,436$6,721$6,069$5,474$4,933$3,166
11 years$6,691$5,984$5,343$4,764$4,243$2,583
12 years$6,071$5,371$4,742$4,179$3,677$2,121
13 years$5,546$4,853$4,236$3,689$3,206$1,750
14 years$5,097$4,412$3,806$3,275$2,811$1,450
15 years$4,708$4,030$3,437$2,921$2,475$1,205
16 years$4,368$3,698$3,116$2,615$2,187$1,004
17 years$4,069$3,405$2,835$2,350$1,939$839
18 years$3,803$3,147$2,588$2,117$1,724$702
19 years$3,565$2,916$2,369$1,913$1,537$588
20 years$3,351$2,710$2,174$1,733$1,373$494
21 years$3,158$2,524$2,000$1,573$1,228$415
22 years$2,983$2,356$1,843$1,430$1,101$349
23 years$2,823$2,204$1,702$1,302$988$293
24 years$2,676$2,065$1,574$1,188$888$247
25 years$2,542$1,938$1,458$1,085$799$208
26 years$2,418$1,821$1,352$992$720$175
27 years$2,304$1,714$1,256$908$649$148
28 years$2,198$1,615$1,167$832$586$125
29 years$2,099$1,524$1,086$763$529$105
30 years$2,007$1,439$1,012$700$478$89
31 years$1,921$1,360$943$643$432$75
32 years$1,841$1,287$880$591$391$63
33 years$1,766$1,219$822$543$354$53
34 years$1,695$1,155$768$500$320$45
35 years$1,629$1,096$718$460$290$38
36 years$1,566$1,040$672$424$263$32
37 years$1,507$988$629$391$238$27
38 years$1,451$939$589$360$216$23
39 years$1,398$893$551$332$196$19
40 years$1,348$849$517$306$178$16
41 years$1,300$808$485$282$161$14
42 years$1,255$770$455$261$146$12
43 years$1,212$734$427$241$133$10
44 years$1,172$699$400$222$120$8
45 years$1,133$667$376$205$109$7
46 years$1,095$636$353$190$99$6
47 years$1,060$607$332$175$90$5
48 years$1,026$579$312$162$82$4
49 years$994$553$293$150$74$4
50 years$963$529$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $986,000, adding $6,790 every year, while hoping to spend $53,802 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: 42/43/15 Blend
58$986,000$986,000$986,000$986,000
59$1,093,576$1,041,318$1,026,035$1,134,436
60$1,147,876$1,035,098$1,003,162$1,157,646
61$1,205,911$1,026,769$977,720$1,176,930
62$1,268,006$1,016,173$949,565$1,196,654
63$1,334,516$1,003,138$918,549$1,216,882
64$1,405,830$987,486$884,515$1,237,689
65$1,482,378$969,026$847,299$1,259,163
66$1,564,628$947,556$806,730$1,281,403
67$1,653,095$922,861$762,631$1,304,523
68$1,748,345$894,716$714,814$1,328,655
69$1,851,000$862,881$663,084$1,353,948
70$1,961,742$827,102$607,237$1,380,571
71$2,081,320$787,111$547,060$1,408,719
72$2,210,560$742,624$482,332$1,438,610
73$2,350,365$693,341$412,818$1,470,491
74$2,501,732$638,944$338,277$1,504,643
75$2,665,755$579,098$258,456$1,541,383
76$2,843,637$513,449$173,089$1,581,065
77$3,036,700$441,621$81,900$1,624,091
78$3,246,402$363,218$0$1,670,911
79$3,474,341$277,822$0$1,724,497
80$3,722,280$184,991$0$1,797,100
81$3,992,155$84,259$0$1,876,283
82$4,286,100$0$0$1,962,811
83$4,606,459$0$0$2,069,301
84$4,955,814$0$0$2,229,020
85$5,337,008$0$0$2,403,412
86$5,753,169$0$0$2,593,925
87$6,207,739$0$0$2,802,149
88$6,704,509$0$0$3,029,836
89$7,247,652$0$0$3,278,916
90$7,841,764$0$0$3,551,514
91$8,491,903$0$0$3,849,968
92$9,203,639$0$0$4,176,855
93$9,983,109$0$0$4,535,011
94$10,837,066$0$0$4,927,561
95$11,772,950$0$0$5,357,946
96$12,798,956$0$0$5,829,954
97$13,924,106$0$0$6,347,761
98$15,158,342$0$0$6,915,963
99$16,512,609$0$0$7,539,624
100$17,998,968$0$0$8,224,324