Can I retire at age 59 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$81,753$81,025$80,315$79,621$78,944$77,509
2 years$40,472$39,718$38,988$38,279$37,592$36,151
3 years$26,713$25,956$25,228$24,526$23,850$22,448
4 years$19,835$19,081$18,359$17,670$17,010$15,659
5 years$15,710$14,959$14,248$13,572$12,931$11,633
6 years$12,960$12,215$11,514$10,854$10,232$8,989
7 years$10,997$10,259$9,568$8,923$8,321$7,135
8 years$9,525$8,793$8,115$7,486$6,903$5,772
9 years$8,381$7,656$6,989$6,376$5,813$4,737
10 years$7,466$6,749$6,093$5,496$4,953$3,931
11 years$6,718$6,008$5,364$4,783$4,260$3,290
12 years$6,095$5,392$4,761$4,196$3,692$2,773
13 years$5,569$4,873$4,253$3,704$3,219$2,351
14 years$5,118$4,430$3,822$3,288$2,822$2,002
15 years$4,727$4,046$3,451$2,932$2,485$1,711
16 years$4,386$3,713$3,128$2,626$2,196$1,467
17 years$4,085$3,419$2,847$2,359$1,947$1,262
18 years$3,818$3,159$2,599$2,126$1,731$1,087
19 years$3,579$2,928$2,379$1,921$1,543$939
20 years$3,365$2,721$2,183$1,740$1,378$812
21 years$3,171$2,534$2,008$1,579$1,233$704
22 years$2,995$2,366$1,851$1,436$1,106$610
23 years$2,834$2,213$1,709$1,308$992$530
24 years$2,687$2,073$1,581$1,193$892$460
25 years$2,552$1,946$1,464$1,089$803$400
26 years$2,428$1,829$1,358$996$723$348
27 years$2,313$1,721$1,261$912$652$303
28 years$2,206$1,622$1,172$835$588$264
29 years$2,107$1,530$1,091$766$531$230
30 years$2,015$1,445$1,016$703$480$201
31 years$1,929$1,366$947$646$434$175
32 years$1,848$1,292$884$593$392$153
33 years$1,773$1,224$825$546$355$133
34 years$1,702$1,160$771$502$322$116
35 years$1,635$1,100$721$462$291$102
36 years$1,572$1,044$674$426$264$89
37 years$1,513$992$631$392$239$77
38 years$1,457$942$591$361$217$68
39 years$1,404$896$554$333$197$59
40 years$1,353$853$519$307$178$52
41 years$1,306$812$487$284$162$45
42 years$1,260$773$456$262$147$39
43 years$1,217$737$428$242$133$34
44 years$1,176$702$402$223$121$30
45 years$1,137$669$378$206$110$26
46 years$1,100$639$355$190$100$23
47 years$1,064$609$333$176$91$20
48 years$1,030$582$313$162$82$18
49 years$998$556$294$150$75$15
50 years$967$531$277$139$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $990,000, adding $6,485 every year, while hoping to spend $48,737 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: 70/21/9 Blend
58$990,000$990,000$990,000$990,000
59$1,097,669$1,045,199$1,029,854$1,172,214
60$1,157,776$1,044,558$1,012,499$1,221,784
61$1,222,380$1,042,252$992,928$1,269,429
62$1,291,888$1,038,149$971,017$1,320,249
63$1,366,749$1,032,106$946,634$1,374,544
64$1,447,452$1,023,974$919,641$1,432,649
65$1,534,538$1,013,595$889,895$1,494,930
66$1,628,600$1,000,799$857,245$1,561,795
67$1,730,288$985,409$821,534$1,633,692
68$1,840,318$967,236$782,597$1,711,117
69$1,959,479$946,078$740,262$1,794,616
70$2,088,634$921,725$694,349$1,884,794
71$2,228,736$893,950$644,671$1,982,318
72$2,380,831$862,518$591,031$2,087,924
73$2,546,069$827,175$533,224$2,202,427
74$2,725,717$787,655$471,036$2,326,725
75$2,921,168$743,678$404,243$2,461,809
76$3,133,953$694,944$332,612$2,608,773
77$3,365,760$641,140$255,898$2,768,828
78$3,618,443$581,932$173,846$2,943,308
79$3,894,046$516,968$86,191$3,133,685
80$4,194,815$445,876$0$3,341,587
81$4,523,226$368,263$0$3,569,515
82$4,882,001$283,715$0$3,827,623
83$5,274,140$191,791$0$4,109,842
84$5,702,944$92,030$0$4,418,617
85$6,172,047$0$0$4,756,644
86$6,685,451$0$0$5,130,607
87$7,247,565$0$0$5,563,384
88$7,863,240$0$0$6,037,454
89$8,537,821$0$0$6,556,936
90$9,277,194$0$0$7,126,370
91$10,087,842$0$0$7,750,757
92$10,976,904$0$0$8,435,603
93$11,952,243$0$0$9,186,972
94$13,022,521$0$0$10,011,545
95$14,197,278$0$0$10,916,681
96$15,487,024$0$0$11,910,486
97$16,903,336$0$0$13,001,888
98$18,458,965$0$0$14,200,724
99$20,167,961$0$0$15,517,830
100$22,045,798$0$0$16,965,142