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%11.2%
1 years$82,496$81,762$81,045$80,345$79,662$79,259
2 years$40,840$40,079$39,342$38,627$37,934$37,528
3 years$26,956$26,192$25,457$24,749$24,067$23,670
4 years$20,016$19,254$18,526$17,830$17,165$16,780
5 years$15,852$15,095$14,377$13,695$13,048$12,676
6 years$13,078$12,327$11,619$10,952$10,325$9,966
7 years$11,097$10,352$9,655$9,004$8,397$8,052
8 years$9,612$8,873$8,188$7,554$6,966$6,635
9 years$8,457$7,726$7,053$6,434$5,866$5,549
10 years$7,534$6,810$6,149$5,546$4,998$4,694
11 years$6,779$6,063$5,413$4,827$4,299$4,008
12 years$6,151$5,441$4,804$4,234$3,725$3,448
13 years$5,620$4,917$4,292$3,738$3,248$2,984
14 years$5,164$4,470$3,857$3,318$2,848$2,595
15 years$4,770$4,083$3,482$2,959$2,507$2,267
16 years$4,426$3,746$3,157$2,650$2,216$1,988
17 years$4,122$3,450$2,873$2,381$1,965$1,748
18 years$3,853$3,188$2,622$2,145$1,747$1,541
19 years$3,612$2,955$2,401$1,939$1,557$1,362
20 years$3,395$2,746$2,203$1,756$1,391$1,206
21 years$3,200$2,558$2,026$1,593$1,245$1,070
22 years$3,022$2,387$1,868$1,449$1,116$951
23 years$2,860$2,233$1,725$1,319$1,001$846
24 years$2,712$2,092$1,595$1,203$900$754
25 years$2,576$1,963$1,477$1,099$810$672
26 years$2,450$1,845$1,370$1,005$730$600
27 years$2,334$1,736$1,272$920$658$536
28 years$2,227$1,636$1,183$843$594$479
29 years$2,127$1,544$1,101$773$536$428
30 years$2,034$1,458$1,025$709$484$383
31 years$1,947$1,378$956$651$438$343
32 years$1,865$1,304$892$599$396$307
33 years$1,789$1,235$833$550$358$275
34 years$1,717$1,170$778$507$325$247
35 years$1,650$1,110$727$466$294$221
36 years$1,587$1,054$680$429$266$199
37 years$1,527$1,001$637$396$241$178
38 years$1,470$951$596$365$219$160
39 years$1,417$904$559$336$198$144
40 years$1,366$860$524$310$180$129
41 years$1,318$819$491$286$163$116
42 years$1,272$780$461$264$148$104
43 years$1,228$743$432$244$134$93
44 years$1,187$708$406$225$122$84
45 years$1,147$676$381$208$111$75
46 years$1,110$644$358$192$101$68
47 years$1,074$615$336$177$91$61
48 years$1,040$587$316$164$83$55
49 years$1,007$561$297$151$75$49
50 years$975$536$279$140$68$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $999,000, adding $5,035 every year, while hoping to spend $46,874 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: 39/50/11 Blend
58$999,000$999,000$999,000$999,000
59$1,106,092$1,053,145$1,037,660$1,145,364
60$1,169,039$1,054,875$1,022,548$1,175,350
61$1,236,837$1,055,119$1,005,359$1,202,769
62$1,309,929$1,053,755$985,973$1,231,373
63$1,388,805$1,050,653$964,267$1,261,291
64$1,474,002$1,045,674$940,109$1,292,666
65$1,566,111$1,038,672$913,363$1,325,661
66$1,665,781$1,029,493$883,887$1,360,456
67$1,773,724$1,017,972$851,531$1,397,255
68$1,890,726$1,003,935$816,139$1,436,287
69$2,017,648$987,196$777,548$1,477,806
70$2,155,440$967,560$735,588$1,522,098
71$2,305,144$944,820$690,079$1,569,482
72$2,467,908$918,756$640,836$1,620,316
73$2,644,995$889,135$587,664$1,674,999
74$2,837,794$855,711$530,360$1,733,974
75$3,047,833$818,225$468,711$1,797,740
76$3,276,794$776,400$402,495$1,866,848
77$3,526,529$729,946$331,481$1,941,915
78$3,799,075$678,553$255,425$2,023,629
79$4,096,675$621,897$174,077$2,112,754
80$4,421,798$559,632$87,171$2,210,141
81$4,777,163$491,396$0$2,316,735
82$5,165,762$416,802$0$2,434,243
83$5,590,889$335,445$0$2,574,140
84$6,056,174$246,896$0$2,727,519
85$6,565,610$150,701$0$2,895,859
86$7,123,598$46,381$0$3,080,800
87$7,734,982$0$0$3,284,157
88$8,405,097$0$0$3,544,571
89$9,139,821$0$0$3,858,205
90$9,945,624$0$0$4,202,321
91$10,829,636$0$0$4,579,981
92$11,799,708$0$0$4,994,555
93$12,864,490$0$0$5,449,760
94$14,033,507$0$0$5,949,687
95$15,317,254$0$0$6,498,845
96$16,727,292$0$0$7,102,198
97$18,276,355$0$0$7,765,219
98$19,978,474$0$0$8,493,933
99$21,849,104$0$0$9,294,981
100$23,905,271$0$0$10,175,678