Can I retire at age 59 with 900,000?

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 $900,000?

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$74,321$73,659$73,013$72,383$71,767$69,248
2 years$36,793$36,107$35,443$34,799$34,175$31,664
3 years$24,285$23,597$22,934$22,296$21,682$19,257
4 years$18,032$17,346$16,690$16,063$15,464$13,144
5 years$14,281$13,599$12,952$12,338$11,755$9,547
6 years$11,782$11,105$10,467$9,867$9,302$7,206
7 years$9,997$9,326$8,698$8,112$7,565$5,581
8 years$8,659$7,994$7,377$6,805$6,276$4,403
9 years$7,619$6,960$6,354$5,796$5,285$3,521
10 years$6,787$6,135$5,539$4,997$4,503$2,844
11 years$6,108$5,462$4,877$4,348$3,873$2,316
12 years$5,541$4,902$4,328$3,814$3,356$1,898
13 years$5,063$4,430$3,867$3,367$2,927$1,563
14 years$4,653$4,027$3,474$2,989$2,565$1,292
15 years$4,298$3,679$3,137$2,666$2,259$1,072
16 years$3,987$3,375$2,844$2,387$1,996$891
17 years$3,714$3,108$2,588$2,145$1,770$743
18 years$3,471$2,872$2,362$1,933$1,574$620
19 years$3,254$2,662$2,163$1,746$1,403$518
20 years$3,059$2,474$1,985$1,582$1,253$434
21 years$2,883$2,304$1,826$1,436$1,121$364
22 years$2,722$2,151$1,683$1,305$1,005$305
23 years$2,577$2,012$1,554$1,189$902$256
24 years$2,443$1,885$1,437$1,084$811$215
25 years$2,320$1,769$1,331$990$730$181
26 years$2,207$1,662$1,234$905$657$152
27 years$2,103$1,564$1,146$829$593$128
28 years$2,006$1,474$1,065$759$535$107
29 years$1,916$1,391$991$696$483$90
30 years$1,832$1,313$924$639$436$76
31 years$1,754$1,242$861$587$394$64
32 years$1,680$1,175$803$539$357$54
33 years$1,612$1,113$750$496$323$45
34 years$1,547$1,054$701$456$292$38
35 years$1,487$1,000$655$420$265$32
36 years$1,429$949$613$387$240$27
37 years$1,375$902$574$356$217$23
38 years$1,324$857$537$329$197$19
39 years$1,276$815$503$303$179$16
40 years$1,230$775$472$279$162$14
41 years$1,187$738$442$258$147$11
42 years$1,146$703$415$238$133$10
43 years$1,107$670$389$220$121$8
44 years$1,069$638$366$203$110$7
45 years$1,034$609$343$187$100$6
46 years$1,000$581$322$173$91$5
47 years$968$554$303$160$82$4
48 years$937$529$285$148$75$3
49 years$907$505$267$136$68$3
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $900,000, adding $4,255 every year, while hoping to spend $26,229 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: 72/20/8 Blend
58$900,000$900,000$900,000$900,000
59$996,189$948,489$934,539$1,066,300
60$1,069,893$967,058$937,939$1,131,731
61$1,150,235$985,657$940,573$1,199,673
62$1,237,866$1,004,261$942,389$1,273,334
63$1,333,500$1,022,841$943,330$1,353,270
64$1,437,923$1,041,367$943,338$1,440,094
65$1,552,003$1,059,805$942,352$1,534,482
66$1,676,692$1,078,120$940,305$1,637,177
67$1,813,040$1,096,274$937,131$1,748,998
68$1,962,204$1,114,225$932,759$1,870,849
69$2,125,456$1,131,929$927,113$2,003,724
70$2,304,198$1,149,339$920,117$2,148,719
71$2,499,972$1,166,402$911,687$2,307,040
72$2,714,479$1,183,066$901,738$2,480,018
73$2,949,590$1,199,270$890,180$2,669,118
74$3,207,367$1,214,953$876,920$2,875,956
75$3,490,080$1,230,047$861,859$3,102,309
76$3,800,230$1,244,482$844,893$3,350,141
77$4,140,571$1,258,179$825,914$3,621,610
78$4,514,138$1,271,058$804,811$3,919,098
79$4,924,272$1,283,032$781,464$4,245,228
80$5,374,655$1,294,008$755,751$4,602,893
81$5,869,343$1,303,888$727,541$4,995,279
82$6,412,802$1,312,565$696,701$5,425,897
83$7,009,956$1,319,928$663,088$5,898,618
84$7,666,225$1,325,858$626,555$6,417,705
85$8,387,583$1,330,228$586,947$6,987,861
86$9,180,610$1,332,903$544,104$7,614,264
87$10,052,558$1,333,741$497,857$8,302,623
88$11,011,413$1,332,589$448,029$9,059,230
89$12,065,976$1,329,285$394,438$9,891,019
90$13,225,944$1,323,658$336,890$10,805,631
91$14,502,000$1,315,527$275,185$11,811,488
92$15,905,915$1,304,698$209,114$12,917,873
93$17,450,657$1,290,967$138,458$14,135,014
94$19,150,516$1,274,117$62,989$15,474,186
95$21,021,237$1,253,917$0$16,947,813
96$23,080,170$1,230,125$0$18,571,086
97$25,346,428$1,202,483$0$20,363,436
98$27,841,076$1,170,716$0$22,336,133
99$30,587,320$1,134,536$0$24,507,532
100$33,610,736$1,093,637$0$26,897,860