Can I retire at age 59 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$82,166$81,434$80,720$80,023$79,343$77,268
2 years$40,676$39,919$39,185$38,473$37,782$35,706
3 years$26,848$26,087$25,355$24,650$23,971$21,958
4 years$19,935$19,177$18,452$17,759$17,096$15,162
5 years$15,789$15,035$14,319$13,640$12,996$11,147
6 years$13,025$12,277$11,572$10,908$10,283$8,520
7 years$11,052$10,310$9,617$8,968$8,363$6,687
8 years$9,573$8,838$8,156$7,523$6,938$5,347
9 years$8,423$7,695$7,024$6,408$5,843$4,336
10 years$7,504$6,783$6,124$5,524$4,978$3,554
11 years$6,752$6,038$5,392$4,808$4,282$2,937
12 years$6,126$5,420$4,785$4,217$3,710$2,443
13 years$5,597$4,898$4,275$3,723$3,235$2,044
14 years$5,144$4,452$3,841$3,305$2,836$1,717
15 years$4,751$4,067$3,468$2,947$2,497$1,447
16 years$4,408$3,731$3,144$2,639$2,207$1,224
17 years$4,106$3,436$2,861$2,371$1,957$1,037
18 years$3,837$3,175$2,612$2,137$1,740$881
19 years$3,597$2,943$2,391$1,931$1,551$749
20 years$3,382$2,735$2,194$1,749$1,385$638
21 years$3,187$2,547$2,018$1,587$1,240$545
22 years$3,010$2,378$1,860$1,443$1,111$465
23 years$2,849$2,224$1,718$1,314$997$398
24 years$2,701$2,084$1,588$1,199$897$340
25 years$2,565$1,955$1,471$1,095$807$291
26 years$2,440$1,838$1,365$1,001$727$249
27 years$2,325$1,730$1,267$916$655$213
28 years$2,218$1,630$1,178$839$591$183
29 years$2,118$1,537$1,096$770$534$157
30 years$2,025$1,452$1,021$706$482$135
31 years$1,939$1,373$952$649$436$115
32 years$1,858$1,299$888$596$394$99
33 years$1,782$1,230$829$548$357$85
34 years$1,711$1,166$775$504$323$73
35 years$1,644$1,106$724$464$293$63
36 years$1,580$1,049$678$428$265$54
37 years$1,521$997$634$394$240$46
38 years$1,464$947$594$363$218$40
39 years$1,411$901$556$335$198$34
40 years$1,360$857$522$309$179$29
41 years$1,312$816$489$285$163$25
42 years$1,267$777$459$263$148$22
43 years$1,223$740$430$243$134$19
44 years$1,182$706$404$224$122$16
45 years$1,143$673$379$207$110$14
46 years$1,105$642$356$191$100$12
47 years$1,070$613$335$177$91$10
48 years$1,035$585$315$163$83$9
49 years$1,003$558$296$151$75$7
50 years$971$533$278$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $995,000, adding $4,812 every year, while hoping to spend $51,510 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: 74/9/17 Blend
58$995,000$995,000$995,000$995,000
59$1,101,454$1,048,719$1,033,296$1,178,343
60$1,158,996$1,045,300$1,013,105$1,226,513
61$1,220,681$1,039,987$990,512$1,272,492
62$1,286,877$1,032,633$965,380$1,321,516
63$1,357,988$1,023,081$937,570$1,373,875
64$1,434,457$1,011,167$906,934$1,429,889
65$1,516,773$996,715$873,317$1,489,912
66$1,605,468$979,539$836,557$1,554,334
67$1,701,131$959,441$796,487$1,623,586
68$1,804,406$936,214$752,930$1,698,143
69$1,916,003$909,636$705,700$1,778,530
70$2,036,701$879,473$654,607$1,865,327
71$2,167,355$845,479$599,447$1,959,174
72$2,308,909$807,390$540,011$2,060,777
73$2,462,395$764,930$476,080$2,170,916
74$2,628,954$717,806$407,423$2,290,451
75$2,809,837$665,708$333,801$2,420,331
76$3,006,420$608,308$254,963$2,561,606
77$3,220,220$545,259$170,649$2,715,432
78$3,452,902$476,197$80,586$2,883,086
79$3,706,300$400,733$0$3,065,977
80$3,982,433$318,459$0$3,268,478
81$4,283,522$228,944$0$3,505,269
82$4,612,010$131,732$0$3,763,668
83$4,970,589$26,340$0$4,045,824
84$5,362,219$0$0$4,354,103
85$5,790,162$0$0$4,699,803
86$6,258,006$0$0$5,080,628
87$6,769,703$0$0$5,497,194
88$7,329,606$0$0$5,953,047
89$7,942,504$0$0$6,452,094
90$8,613,673$0$0$6,998,637
91$9,348,925$0$0$7,597,412
92$10,154,657$0$0$8,253,637
93$11,037,917$0$0$8,973,058
94$12,006,464$0$0$9,762,003
95$13,068,848$0$0$10,627,441
96$14,234,483$0$0$11,577,050
97$15,513,741$0$0$12,619,286
98$16,918,043$0$0$13,763,463
99$18,459,975$0$0$15,019,842
100$20,153,397$0$0$16,399,726