Can I retire at age 59 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$74,651$73,987$73,338$72,705$72,086$69,723
2 years$36,956$36,268$35,601$34,954$34,327$31,968
3 years$24,393$23,701$23,036$22,395$21,778$19,499
4 years$18,112$17,423$16,764$16,135$15,532$13,349
5 years$14,345$13,660$13,010$12,393$11,808$9,727
6 years$11,834$11,154$10,514$9,911$9,343$7,366
7 years$10,042$9,367$8,737$8,148$7,598$5,725
8 years$8,698$8,030$7,410$6,835$6,304$4,532
9 years$7,653$6,991$6,382$5,822$5,308$3,637
10 years$6,818$6,162$5,564$5,019$4,523$2,950
11 years$6,135$5,486$4,898$4,368$3,890$2,411
12 years$5,566$4,924$4,347$3,831$3,371$1,984
13 years$5,085$4,450$3,884$3,382$2,940$1,640
14 years$4,673$4,045$3,490$3,002$2,577$1,362
15 years$4,317$3,695$3,151$2,678$2,269$1,134
16 years$4,005$3,390$2,857$2,398$2,005$947
17 years$3,730$3,122$2,599$2,154$1,778$793
18 years$3,486$2,885$2,373$1,941$1,581$665
19 years$3,268$2,674$2,172$1,754$1,409$559
20 years$3,072$2,485$1,994$1,589$1,259$470
21 years$2,895$2,314$1,834$1,442$1,126$396
22 years$2,735$2,160$1,690$1,311$1,010$333
23 years$2,588$2,021$1,561$1,194$906$281
24 years$2,454$1,893$1,443$1,089$815$237
25 years$2,331$1,777$1,337$995$733$200
26 years$2,217$1,670$1,240$909$660$169
27 years$2,112$1,571$1,151$832$595$143
28 years$2,015$1,481$1,070$763$537$121
29 years$1,924$1,397$996$699$485$102
30 years$1,840$1,319$928$642$438$86
31 years$1,762$1,247$865$589$396$73
32 years$1,688$1,180$807$542$358$62
33 years$1,619$1,117$753$498$324$52
34 years$1,554$1,059$704$458$294$44
35 years$1,493$1,005$658$422$266$37
36 years$1,436$953$616$389$241$32
37 years$1,382$906$576$358$218$27
38 years$1,330$861$540$330$198$23
39 years$1,282$818$506$304$180$19
40 years$1,236$779$474$281$163$16
41 years$1,192$741$444$259$148$14
42 years$1,151$706$417$239$134$12
43 years$1,112$673$391$221$122$10
44 years$1,074$641$367$204$110$8
45 years$1,038$611$345$188$100$7
46 years$1,004$583$324$174$91$6
47 years$972$557$304$161$83$5
48 years$941$531$286$148$75$4
49 years$911$507$269$137$68$4
50 years$883$485$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $904,000, adding $3,890 every year, while hoping to spend $49,470 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: 27/47/26 Blend
58$904,000$904,000$904,000$904,000
59$1,000,221$952,309$938,297$1,019,014
60$1,049,607$946,336$917,094$1,028,425
61$1,102,374$938,413$893,523$1,033,983
62$1,158,812$928,391$867,452$1,038,930
63$1,219,242$916,114$838,743$1,043,248
64$1,284,017$901,416$807,253$1,046,921
65$1,353,522$884,120$772,832$1,049,936
66$1,428,181$864,041$735,320$1,052,286
67$1,508,457$840,981$694,556$1,053,966
68$1,594,861$814,731$650,365$1,054,981
69$1,687,954$785,070$602,569$1,055,338
70$1,788,351$751,764$550,980$1,055,057
71$1,896,727$714,564$495,402$1,054,162
72$2,013,825$673,210$435,630$1,052,691
73$2,140,461$627,424$371,451$1,050,694
74$2,277,533$576,912$302,639$1,048,231
75$2,426,027$521,367$228,963$1,045,383
76$2,587,028$460,459$150,179$1,042,244
77$2,761,727$393,844$66,032$1,038,931
78$2,951,436$321,155$0$1,035,582
79$3,157,597$242,007$0$1,038,956
80$3,381,799$155,992$0$1,062,631
81$3,625,786$62,679$0$1,088,576
82$3,891,479$0$0$1,117,136
83$4,180,993$0$0$1,168,557
84$4,496,654$0$0$1,260,102
85$4,841,022$0$0$1,360,113
86$5,216,915$0$0$1,469,427
87$5,627,436$0$0$1,588,965
88$6,076,000$0$0$1,719,740
89$6,566,366$0$0$1,862,868
90$7,102,673$0$0$2,019,578
91$7,689,480$0$0$2,191,223
92$8,331,804$0$0$2,379,294
93$9,035,173$0$0$2,585,432
94$9,805,671$0$0$2,811,445
95$10,650,000$0$0$3,059,324
96$11,575,542$0$0$3,331,261
97$12,590,426$0$0$3,629,672
98$13,703,604$0$0$3,957,218
99$14,924,938$0$0$4,316,829
100$16,265,291$0$0$4,711,733