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%12.9%
1 years$82,166$81,434$80,720$80,023$79,343$78,384
2 years$40,676$39,919$39,185$38,473$37,782$36,817
3 years$26,848$26,087$25,355$24,650$23,971$23,029
4 years$19,935$19,177$18,452$17,759$17,096$16,186
5 years$15,789$15,035$14,319$13,640$12,996$12,120
6 years$13,025$12,277$11,572$10,908$10,283$9,442
7 years$11,052$10,310$9,617$8,968$8,363$7,557
8 years$9,573$8,838$8,156$7,523$6,938$6,167
9 years$8,423$7,695$7,024$6,408$5,843$5,106
10 years$7,504$6,783$6,124$5,524$4,978$4,276
11 years$6,752$6,038$5,392$4,808$4,282$3,613
12 years$6,126$5,420$4,785$4,217$3,710$3,075
13 years$5,597$4,898$4,275$3,723$3,235$2,632
14 years$5,144$4,452$3,841$3,305$2,836$2,264
15 years$4,751$4,067$3,468$2,947$2,497$1,955
16 years$4,408$3,731$3,144$2,639$2,207$1,694
17 years$4,106$3,436$2,861$2,371$1,957$1,473
18 years$3,837$3,175$2,612$2,137$1,740$1,283
19 years$3,597$2,943$2,391$1,931$1,551$1,120
20 years$3,382$2,735$2,194$1,749$1,385$980
21 years$3,187$2,547$2,018$1,587$1,240$858
22 years$3,010$2,378$1,860$1,443$1,111$753
23 years$2,849$2,224$1,718$1,314$997$661
24 years$2,701$2,084$1,588$1,199$897$581
25 years$2,565$1,955$1,471$1,095$807$512
26 years$2,440$1,838$1,365$1,001$727$451
27 years$2,325$1,730$1,267$916$655$397
28 years$2,218$1,630$1,178$839$591$350
29 years$2,118$1,537$1,096$770$534$309
30 years$2,025$1,452$1,021$706$482$273
31 years$1,939$1,373$952$649$436$241
32 years$1,858$1,299$888$596$394$213
33 years$1,782$1,230$829$548$357$188
34 years$1,711$1,166$775$504$323$166
35 years$1,644$1,106$724$464$293$147
36 years$1,580$1,049$678$428$265$130
37 years$1,521$997$634$394$240$115
38 years$1,464$947$594$363$218$102
39 years$1,411$901$556$335$198$90
40 years$1,360$857$522$309$179$80
41 years$1,312$816$489$285$163$70
42 years$1,267$777$459$263$148$62
43 years$1,223$740$430$243$134$55
44 years$1,182$706$404$224$122$49
45 years$1,143$673$379$207$110$43
46 years$1,105$642$356$191$100$38
47 years$1,070$613$335$177$91$34
48 years$1,035$585$315$163$83$30
49 years$1,003$558$296$151$75$27
50 years$971$533$278$139$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $995,000, adding $5,200 every year, while hoping to spend $20,611 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: 47/38/15 Blend
58$995,000$995,000$995,000$995,000
59$1,101,854$1,049,119$1,033,696$1,148,759
60$1,192,313$1,078,596$1,046,395$1,211,284
61$1,291,308$1,108,826$1,058,829$1,276,585
62$1,399,688$1,139,825$1,070,966$1,347,009
63$1,518,388$1,171,608$1,082,775$1,423,041
64$1,648,437$1,204,191$1,094,222$1,505,215
65$1,790,969$1,237,588$1,105,270$1,594,120
66$1,947,233$1,271,814$1,115,881$1,690,401
67$2,118,604$1,306,886$1,126,016$1,794,772
68$2,306,596$1,342,818$1,135,632$1,908,016
69$2,512,878$1,379,625$1,144,685$2,030,996
70$2,739,287$1,417,323$1,153,128$2,164,664
71$2,987,849$1,455,926$1,160,911$2,310,066
72$3,260,791$1,495,448$1,167,984$2,468,354
73$3,560,572$1,535,905$1,174,292$2,640,799
74$3,889,897$1,577,311$1,179,777$2,828,799
75$4,251,746$1,619,679$1,184,379$3,033,894
76$4,649,404$1,663,023$1,188,036$3,257,781
77$5,086,489$1,707,357$1,190,680$3,502,327
78$5,566,985$1,752,692$1,192,243$3,769,593
79$6,095,286$1,799,041$1,192,651$4,061,847
80$6,676,227$1,846,417$1,191,827$4,381,586
81$7,315,140$1,894,829$1,189,691$4,731,563
82$8,017,897$1,944,289$1,186,158$5,114,812
83$8,790,969$1,994,805$1,181,141$5,534,674
84$9,641,484$2,046,387$1,174,546$5,994,830
85$10,577,298$2,099,042$1,166,275$6,499,336
86$11,607,065$2,152,778$1,156,228$7,052,664
87$12,740,321$2,207,599$1,144,297$7,659,736
88$13,987,572$2,263,510$1,130,370$8,325,980
89$15,360,398$2,320,515$1,114,330$9,057,376
90$16,871,553$2,378,616$1,096,055$9,860,512
91$18,535,095$2,437,811$1,075,416$10,742,650
92$20,366,511$2,498,100$1,052,279$11,711,789
93$22,382,868$2,559,480$1,026,504$12,776,745
94$24,602,972$2,621,945$997,942$13,947,235
95$27,047,543$2,685,489$966,441$15,233,964
96$29,739,414$2,750,100$931,839$16,648,730
97$32,703,747$2,815,767$893,968$18,204,533
98$35,968,266$2,882,476$852,652$19,915,700
99$39,563,520$2,950,209$807,708$21,798,019
100$43,523,175$3,018,945$758,942$23,868,888