Can I retire at age 59 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$82,496$81,762$81,045$80,345$79,662$78,471
2 years$40,840$40,079$39,342$38,627$37,934$36,737
3 years$26,956$26,192$25,457$24,749$24,067$22,901
4 years$20,016$19,254$18,526$17,830$17,165$16,039
5 years$15,852$15,095$14,377$13,695$13,048$11,966
6 years$13,078$12,327$11,619$10,952$10,325$9,287
7 years$11,097$10,352$9,655$9,004$8,397$7,404
8 years$9,612$8,873$8,188$7,554$6,966$6,018
9 years$8,457$7,726$7,053$6,434$5,866$4,962
10 years$7,534$6,810$6,149$5,546$4,998$4,138
11 years$6,779$6,063$5,413$4,827$4,299$3,481
12 years$6,151$5,441$4,804$4,234$3,725$2,949
13 years$5,620$4,917$4,292$3,738$3,248$2,513
14 years$5,164$4,470$3,857$3,318$2,848$2,151
15 years$4,770$4,083$3,482$2,959$2,507$1,849
16 years$4,426$3,746$3,157$2,650$2,216$1,595
17 years$4,122$3,450$2,873$2,381$1,965$1,379
18 years$3,853$3,188$2,622$2,145$1,747$1,196
19 years$3,612$2,955$2,401$1,939$1,557$1,038
20 years$3,395$2,746$2,203$1,756$1,391$904
21 years$3,200$2,558$2,026$1,593$1,245$787
22 years$3,022$2,387$1,868$1,449$1,116$687
23 years$2,860$2,233$1,725$1,319$1,001$600
24 years$2,712$2,092$1,595$1,203$900$525
25 years$2,576$1,963$1,477$1,099$810$459
26 years$2,450$1,845$1,370$1,005$730$402
27 years$2,334$1,736$1,272$920$658$352
28 years$2,227$1,636$1,183$843$594$309
29 years$2,127$1,544$1,101$773$536$271
30 years$2,034$1,458$1,025$709$484$238
31 years$1,947$1,378$956$651$438$209
32 years$1,865$1,304$892$599$396$183
33 years$1,789$1,235$833$550$358$161
34 years$1,717$1,170$778$507$325$142
35 years$1,650$1,110$727$466$294$124
36 years$1,587$1,054$680$429$266$109
37 years$1,527$1,001$637$396$241$96
38 years$1,470$951$596$365$219$85
39 years$1,417$904$559$336$198$74
40 years$1,366$860$524$310$180$65
41 years$1,318$819$491$286$163$58
42 years$1,272$780$461$264$148$51
43 years$1,228$743$432$244$134$45
44 years$1,187$708$406$225$122$39
45 years$1,147$676$381$208$111$34
46 years$1,110$644$358$192$101$30
47 years$1,074$615$336$177$91$27
48 years$1,040$587$316$164$83$23
49 years$1,007$561$297$151$75$21
50 years$975$536$279$140$68$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $999,000, adding $5,991 every year, while hoping to spend $22,784 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: 55/36/9 Blend
58$999,000$999,000$999,000$999,000
59$1,107,078$1,054,131$1,038,646$1,165,217
60$1,195,758$1,081,541$1,049,199$1,232,634
61$1,292,719$1,109,531$1,059,341$1,302,974
62$1,398,783$1,138,105$1,069,036$1,379,013
63$1,514,853$1,167,266$1,078,243$1,461,294
64$1,641,925$1,197,018$1,086,920$1,550,419
65$1,781,093$1,227,364$1,095,024$1,647,048
66$1,933,564$1,258,305$1,102,507$1,751,910
67$2,100,668$1,289,842$1,109,321$1,865,806
68$2,283,867$1,321,975$1,115,415$1,989,618
69$2,484,774$1,354,705$1,120,734$2,124,317
70$2,705,164$1,388,028$1,125,222$2,270,975
71$2,946,993$1,421,944$1,128,818$2,430,770
72$3,212,414$1,456,447$1,131,462$2,604,999
73$3,503,800$1,491,533$1,133,085$2,795,094
74$3,823,765$1,527,195$1,133,621$3,002,630
75$4,175,187$1,563,426$1,132,995$3,229,342
76$4,561,239$1,600,216$1,131,133$3,477,141
77$4,985,413$1,637,554$1,127,954$3,748,134
78$5,451,560$1,675,429$1,123,375$4,044,642
79$5,963,919$1,713,825$1,117,308$4,369,220
80$6,527,161$1,752,725$1,109,661$4,724,687
81$7,146,435$1,792,112$1,100,338$5,114,144
82$7,827,410$1,831,964$1,089,238$5,541,013
83$8,576,334$1,872,258$1,076,255$6,009,061
84$9,400,089$1,912,968$1,061,279$6,522,439
85$10,306,261$1,954,066$1,044,194$7,085,724
86$11,303,203$1,995,519$1,024,878$7,703,956
87$12,400,123$2,037,293$1,003,205$8,382,690
88$13,607,165$2,079,350$979,042$9,128,048
89$14,935,506$2,121,647$952,249$9,946,776
90$16,397,460$2,164,141$922,682$10,846,308
91$18,006,597$2,206,780$890,188$11,834,834
92$19,777,869$2,249,511$854,609$12,921,383
93$21,727,751$2,292,276$815,777$14,115,902
94$23,874,395$2,335,012$773,520$15,429,355
95$26,237,806$2,377,649$727,655$16,873,822
96$28,840,023$2,420,115$677,992$18,462,616
97$31,705,334$2,462,329$624,333$20,210,411
98$34,860,501$2,504,206$566,472$22,133,375
99$38,335,014$2,545,654$504,190$24,249,327
100$42,161,367$2,586,573$437,262$26,577,903