Can I retire at age 59 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$74,486$73,823$73,176$72,544$71,927$70,940
2 years$36,874$36,188$35,522$34,877$34,251$33,258
3 years$24,339$23,649$22,985$22,346$21,730$20,763
4 years$18,072$17,385$16,727$16,099$15,498$14,563
5 years$14,313$13,630$12,981$12,366$11,781$10,882
6 years$11,808$11,130$10,491$9,889$9,322$8,459
7 years$10,019$9,347$8,718$8,130$7,581$6,755
8 years$8,678$8,012$7,393$6,820$6,290$5,500
9 years$7,636$6,976$6,368$5,809$5,297$4,544
10 years$6,803$6,149$5,552$5,008$4,513$3,796
11 years$6,121$5,474$4,888$4,358$3,881$3,199
12 years$5,554$4,913$4,338$3,823$3,364$2,715
13 years$5,074$4,440$3,875$3,375$2,933$2,318
14 years$4,663$4,036$3,482$2,996$2,571$1,989
15 years$4,307$3,687$3,144$2,672$2,264$1,713
16 years$3,996$3,383$2,850$2,392$2,001$1,480
17 years$3,722$3,115$2,594$2,149$1,774$1,283
18 years$3,479$2,879$2,368$1,937$1,577$1,115
19 years$3,261$2,668$2,168$1,750$1,406$970
20 years$3,066$2,479$1,989$1,585$1,256$846
21 years$2,889$2,309$1,830$1,439$1,124$739
22 years$2,729$2,156$1,686$1,308$1,007$646
23 years$2,582$2,016$1,557$1,191$904$566
24 years$2,448$1,889$1,440$1,087$813$496
25 years$2,325$1,773$1,334$992$731$435
26 years$2,212$1,666$1,237$907$659$382
27 years$2,107$1,568$1,149$830$594$336
28 years$2,010$1,477$1,068$761$536$295
29 years$1,920$1,394$994$698$484$259
30 years$1,836$1,316$926$640$437$228
31 years$1,758$1,244$863$588$395$201
32 years$1,684$1,177$805$541$358$177
33 years$1,615$1,115$752$497$324$156
34 years$1,551$1,057$702$457$293$137
35 years$1,490$1,002$657$421$265$121
36 years$1,433$951$614$388$240$106
37 years$1,379$904$575$357$218$94
38 years$1,327$859$538$329$198$83
39 years$1,279$817$504$304$179$73
40 years$1,233$777$473$280$163$64
41 years$1,190$740$443$258$147$57
42 years$1,148$704$416$238$134$50
43 years$1,109$671$390$220$121$44
44 years$1,072$640$366$203$110$39
45 years$1,036$610$344$188$100$34
46 years$1,002$582$323$173$91$30
47 years$970$555$304$160$82$27
48 years$939$530$285$148$75$24
49 years$909$506$268$137$68$21
50 years$881$484$252$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $902,000, adding $5,536 every year, while hoping to spend $56,426 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: 60/35/5 Blend
58$902,000$902,000$902,000$902,000
59$999,714$951,908$937,927$1,058,515
60$1,041,648$938,515$909,311$1,085,107
61$1,085,969$922,574$877,845$1,107,084
62$1,132,859$903,902$843,374$1,129,607
63$1,182,519$882,302$805,736$1,152,728
64$1,235,170$857,568$764,762$1,176,509
65$1,291,050$829,482$720,274$1,201,017
66$1,350,421$797,811$672,088$1,226,332
67$1,413,570$762,310$620,009$1,252,543
68$1,480,811$722,719$563,836$1,279,752
69$1,552,487$678,765$503,357$1,308,075
70$1,628,973$630,158$438,352$1,337,643
71$1,710,682$576,589$368,591$1,368,603
72$1,798,066$517,736$293,833$1,401,122
73$1,891,618$453,255$213,826$1,435,391
74$1,991,883$382,785$128,309$1,471,620
75$2,099,456$305,941$37,008$1,510,049
76$2,214,989$222,322$0$1,550,948
77$2,339,201$131,498$0$1,597,843
78$2,472,878$33,020$0$1,650,165
79$2,616,885$0$0$1,706,335
80$2,772,172$0$0$1,795,138
81$2,939,781$0$0$1,904,770
82$3,120,860$0$0$2,023,270
83$3,316,667$0$0$2,151,470
84$3,528,586$0$0$2,290,284
85$3,758,141$0$0$2,440,716
86$4,007,004$0$0$2,603,873
87$4,277,015$0$0$2,780,969
88$4,570,198$0$0$2,973,342
89$4,888,779$0$0$3,182,461
90$5,235,206$0$0$3,409,943
91$5,612,174$0$0$3,657,570
92$6,022,646$0$0$3,927,298
93$6,469,884$0$0$4,221,284
94$6,957,478$0$0$4,541,898
95$7,489,378$0$0$4,891,751
96$8,069,933$0$0$5,273,716
97$8,703,927$0$0$5,690,957
98$9,396,632$0$0$6,146,955
99$10,153,847$0$0$6,645,543
100$10,981,958$0$0$7,190,943