Can I retire at age 59 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$81,836$81,107$80,396$79,702$79,024$76,250
2 years$40,513$39,758$39,027$38,318$37,630$34,865
3 years$26,740$25,982$25,253$24,551$23,874$21,204
4 years$19,855$19,100$18,378$17,687$17,027$14,473
5 years$15,725$14,975$14,262$13,586$12,944$10,512
6 years$12,973$12,228$11,526$10,865$10,242$7,934
7 years$11,008$10,269$9,578$8,932$8,330$6,146
8 years$9,535$8,802$8,123$7,493$6,910$4,848
9 years$8,389$7,664$6,996$6,382$5,819$3,877
10 years$7,474$6,755$6,099$5,502$4,958$3,132
11 years$6,725$6,014$5,370$4,788$4,264$2,550
12 years$6,102$5,398$4,766$4,200$3,695$2,090
13 years$5,575$4,878$4,258$3,708$3,222$1,721
14 years$5,123$4,434$3,826$3,291$2,825$1,423
15 years$4,732$4,051$3,454$2,935$2,487$1,180
16 years$4,391$3,716$3,132$2,628$2,198$981
17 years$4,089$3,423$2,850$2,362$1,949$818
18 years$3,822$3,163$2,601$2,128$1,733$683
19 years$3,583$2,931$2,381$1,923$1,545$571
20 years$3,368$2,724$2,186$1,742$1,380$478
21 years$3,174$2,537$2,010$1,581$1,235$401
22 years$2,998$2,368$1,853$1,437$1,107$336
23 years$2,837$2,215$1,711$1,309$993$282
24 years$2,690$2,075$1,582$1,194$893$237
25 years$2,555$1,948$1,465$1,090$804$199
26 years$2,430$1,830$1,359$997$724$167
27 years$2,315$1,723$1,262$912$653$141
28 years$2,209$1,623$1,173$836$589$118
29 years$2,110$1,531$1,092$767$532$100
30 years$2,017$1,446$1,017$704$480$84
31 years$1,931$1,367$948$646$434$71
32 years$1,850$1,294$885$594$393$59
33 years$1,775$1,225$826$546$356$50
34 years$1,704$1,161$772$502$322$42
35 years$1,637$1,101$721$463$292$35
36 years$1,574$1,045$675$426$264$30
37 years$1,515$993$632$392$239$25
38 years$1,458$943$592$362$217$21
39 years$1,405$897$554$334$197$18
40 years$1,355$854$519$308$179$15
41 years$1,307$812$487$284$162$13
42 years$1,262$774$457$262$147$11
43 years$1,219$737$429$242$133$9
44 years$1,177$703$402$223$121$8
45 years$1,138$670$378$206$110$6
46 years$1,101$639$355$190$100$5
47 years$1,065$610$333$176$91$5
48 years$1,031$582$313$163$82$4
49 years$999$556$295$150$75$3
50 years$968$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $991,000, adding $4,096 every year, while hoping to spend $24,257 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: 33/41/26 Blend
58$991,000$991,000$991,000$991,000
59$1,096,307$1,043,784$1,028,424$1,123,688
60$1,182,321$1,069,120$1,037,066$1,170,063
61$1,276,296$1,094,885$1,045,186$1,217,551
62$1,379,017$1,121,073$1,052,739$1,268,252
63$1,491,351$1,147,680$1,059,680$1,322,466
64$1,614,250$1,174,698$1,065,961$1,380,524
65$1,748,765$1,202,120$1,071,532$1,442,790
66$1,896,052$1,229,936$1,076,340$1,509,666
67$2,057,382$1,258,136$1,080,331$1,581,598
68$2,234,157$1,286,707$1,083,445$1,659,072
69$2,427,922$1,315,637$1,085,621$1,742,629
70$2,640,376$1,344,909$1,086,795$1,832,862
71$2,873,392$1,374,507$1,086,900$1,930,428
72$3,129,032$1,404,412$1,085,865$2,036,049
73$3,409,568$1,434,602$1,083,616$2,150,522
74$3,717,501$1,465,055$1,080,075$2,274,728
75$4,055,589$1,495,746$1,075,160$2,409,634
76$4,426,867$1,526,645$1,068,786$2,556,311
77$4,834,681$1,557,723$1,060,863$2,715,937
78$5,282,713$1,588,947$1,051,297$2,889,813
79$5,775,025$1,620,280$1,039,990$3,079,373
80$6,316,086$1,651,683$1,026,839$3,286,200
81$6,910,824$1,683,113$1,011,735$3,512,035
82$7,564,666$1,714,523$994,566$3,758,805
83$8,283,591$1,745,864$975,214$4,028,629
84$9,074,188$1,777,082$953,554$4,323,847
85$9,943,714$1,808,118$929,457$4,647,039
86$10,900,167$1,838,909$902,787$5,001,049
87$11,952,356$1,869,388$873,403$5,389,016
88$13,109,991$1,899,483$841,157$5,814,397
89$14,383,767$1,929,115$805,892$6,281,008
90$15,785,470$1,958,200$767,448$6,793,055
91$17,328,085$1,986,649$725,655$7,355,176
92$19,025,921$2,014,365$680,336$7,972,487
93$20,894,742$2,041,247$631,304$8,650,626
94$22,951,921$2,067,183$578,368$9,395,811
95$25,216,599$2,092,057$521,325$10,214,899
96$27,709,866$2,115,742$459,964$11,115,449
97$30,454,964$2,138,104$394,064$12,105,797
98$33,477,500$2,159,001$323,395$13,195,131
99$36,805,693$2,178,281$247,717$14,393,583
100$40,470,637$2,195,779$166,778$15,712,323