Can I retire at age 59 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$75,560$74,887$74,230$73,589$72,963$70,912
2 years$37,406$36,709$36,034$35,379$34,744$32,693
3 years$24,690$23,990$23,316$22,668$22,043$20,057
4 years$18,333$17,635$16,968$16,331$15,721$13,815
5 years$14,519$13,826$13,168$12,544$11,951$10,129
6 years$11,978$11,290$10,642$10,031$9,457$7,722
7 years$10,164$9,481$8,843$8,247$7,691$6,042
8 years$8,803$8,127$7,500$6,918$6,380$4,818
9 years$7,746$7,076$6,460$5,893$5,373$3,895
10 years$6,901$6,237$5,632$5,080$4,578$3,182
11 years$6,209$5,553$4,958$4,421$3,937$2,622
12 years$5,634$4,984$4,400$3,878$3,412$2,174
13 years$5,147$4,504$3,931$3,424$2,975$1,812
14 years$4,730$4,094$3,532$3,039$2,608$1,517
15 years$4,369$3,740$3,189$2,710$2,296$1,274
16 years$4,054$3,431$2,891$2,427$2,030$1,074
17 years$3,776$3,160$2,631$2,180$1,800$907
18 years$3,529$2,920$2,402$1,965$1,600$767
19 years$3,308$2,706$2,199$1,776$1,426$650
20 years$3,110$2,515$2,018$1,608$1,274$552
21 years$2,931$2,342$1,856$1,459$1,140$469
22 years$2,768$2,187$1,711$1,327$1,022$399
23 years$2,620$2,045$1,580$1,208$917$340
24 years$2,484$1,916$1,461$1,102$824$289
25 years$2,359$1,798$1,353$1,007$742$247
26 years$2,244$1,690$1,255$920$668$210
27 years$2,138$1,590$1,165$842$603$180
28 years$2,039$1,499$1,083$772$544$153
29 years$1,948$1,414$1,008$708$491$131
30 years$1,863$1,335$939$650$444$112
31 years$1,783$1,262$875$597$401$95
32 years$1,708$1,194$817$548$363$82
33 years$1,639$1,131$763$504$328$70
34 years$1,573$1,072$712$464$297$60
35 years$1,511$1,017$666$427$269$51
36 years$1,453$965$623$393$244$44
37 years$1,398$917$583$362$221$37
38 years$1,347$871$546$334$200$32
39 years$1,297$828$512$308$182$27
40 years$1,251$788$480$284$165$23
41 years$1,207$750$450$262$150$20
42 years$1,165$714$422$242$136$17
43 years$1,125$681$396$223$123$15
44 years$1,087$649$372$206$112$12
45 years$1,051$619$349$190$101$11
46 years$1,017$590$328$176$92$9
47 years$984$563$308$162$84$8
48 years$952$538$289$150$76$7
49 years$922$514$272$139$69$6
50 years$893$491$256$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $915,000, adding $3,126 every year, while hoping to spend $41,207 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: 39/47/14 Blend
58$915,000$915,000$915,000$915,000
59$1,011,554$963,059$948,877$1,046,638
60$1,070,889$966,405$936,820$1,075,222
61$1,134,895$968,534$922,979$1,101,870
62$1,204,004$969,343$907,249$1,129,791
63$1,278,694$968,722$889,523$1,159,119
64$1,359,486$966,554$869,687$1,190,005
65$1,446,955$962,717$847,623$1,222,619
66$1,541,733$957,079$823,208$1,257,150
67$1,644,516$949,501$796,310$1,293,808
68$1,756,066$939,836$766,796$1,332,830
69$1,877,224$927,928$734,523$1,374,480
70$2,008,914$913,610$699,344$1,419,052
71$2,152,154$896,707$661,102$1,466,874
72$2,308,061$877,034$619,637$1,518,312
73$2,477,868$854,392$574,779$1,573,773
74$2,662,927$828,575$526,351$1,633,711
75$2,864,731$799,360$474,169$1,698,633
76$3,084,920$766,515$418,039$1,769,099
77$3,325,299$729,791$357,761$1,845,735
78$3,587,857$688,929$293,124$1,929,236
79$3,874,783$643,650$223,908$2,020,375
80$4,188,485$593,664$149,883$2,120,010
81$4,531,617$538,659$70,810$2,229,095
82$4,907,099$478,311$0$2,348,688
83$5,318,148$412,273$0$2,481,990
84$5,768,305$340,181$0$2,639,698
85$6,261,472$261,649$0$2,812,708
86$6,801,942$176,271$0$3,002,666
87$7,394,448$83,615$0$3,211,392
88$8,044,198$0$0$3,440,902
89$8,756,931$0$0$3,702,099
90$9,538,969$0$0$4,036,267
91$10,397,272$0$0$4,403,151
92$11,339,510$0$0$4,806,047
93$12,374,130$0$0$5,248,581
94$13,510,438$0$0$5,734,752
95$14,758,686$0$0$6,268,964
96$16,130,165$0$0$6,856,066
97$17,637,318$0$0$7,501,405
98$19,293,848$0$0$8,210,868
99$21,114,857$0$0$8,990,942
100$23,116,980$0$0$9,848,774