Can I retire at age 59 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$75,725$75,050$74,392$73,750$73,123$72,420
2 years$37,488$36,789$36,113$35,457$34,820$34,112
3 years$24,743$24,042$23,367$22,717$22,092$21,400
4 years$18,373$17,674$17,005$16,367$15,756$15,086
5 years$14,551$13,856$13,197$12,571$11,977$11,332
6 years$12,004$11,315$10,665$10,053$9,477$8,857
7 years$10,186$9,502$8,863$8,265$7,708$7,112
8 years$8,823$8,145$7,516$6,934$6,394$5,824
9 years$7,763$7,092$6,474$5,906$5,385$4,839
10 years$6,916$6,251$5,644$5,091$4,588$4,067
11 years$6,223$5,565$4,969$4,431$3,946$3,449
12 years$5,646$4,995$4,410$3,886$3,419$2,947
13 years$5,158$4,514$3,940$3,431$2,982$2,532
14 years$4,741$4,103$3,540$3,046$2,614$2,187
15 years$4,379$3,748$3,196$2,716$2,301$1,896
16 years$4,063$3,439$2,898$2,432$2,034$1,650
17 years$3,784$3,167$2,637$2,185$1,804$1,440
18 years$3,537$2,926$2,407$1,969$1,604$1,260
19 years$3,315$2,712$2,204$1,779$1,429$1,105
20 years$3,117$2,520$2,022$1,612$1,277$971
21 years$2,937$2,348$1,860$1,463$1,143$854
22 years$2,774$2,191$1,714$1,330$1,024$753
23 years$2,625$2,050$1,583$1,211$919$664
24 years$2,489$1,920$1,464$1,105$826$587
25 years$2,364$1,802$1,356$1,009$744$519
26 years$2,249$1,694$1,258$922$670$459
27 years$2,142$1,594$1,168$844$604$406
28 years$2,044$1,502$1,086$774$545$360
29 years$1,952$1,417$1,010$709$492$319
30 years$1,867$1,338$941$651$445$283
31 years$1,787$1,265$877$598$402$251
32 years$1,712$1,197$818$549$364$223
33 years$1,642$1,134$764$505$329$198
34 years$1,576$1,074$714$465$298$176
35 years$1,515$1,019$668$428$270$156
36 years$1,456$967$625$394$244$139
37 years$1,401$919$585$363$222$124
38 years$1,349$873$547$335$201$110
39 years$1,300$830$513$309$182$98
40 years$1,254$790$481$285$165$87
41 years$1,209$752$451$263$150$77
42 years$1,167$716$423$242$136$69
43 years$1,128$682$397$224$123$61
44 years$1,090$650$372$207$112$54
45 years$1,053$620$350$191$102$48
46 years$1,019$592$328$176$92$43
47 years$986$565$309$163$84$38
48 years$954$539$290$150$76$34
49 years$924$515$273$139$69$30
50 years$895$492$256$129$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $917,000, adding $3,107 every year, while hoping to spend $31,906 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: 70/6/24 Blend
58$917,000$917,000$917,000$917,000
59$1,013,739$965,138$950,924$1,078,347
60$1,083,192$978,482$948,833$1,135,305
61$1,158,661$991,410$945,601$1,193,622
62$1,240,724$1,003,869$941,159$1,256,699
63$1,330,020$1,015,801$935,430$1,325,006
64$1,427,251$1,027,144$928,335$1,399,060
65$1,533,188$1,037,832$919,792$1,479,434
66$1,648,683$1,047,795$909,714$1,566,756
67$1,774,669$1,056,958$898,011$1,661,722
68$1,912,178$1,065,241$884,587$1,765,098
69$2,062,342$1,072,560$869,342$1,877,726
70$2,226,409$1,078,823$852,174$2,000,540
71$2,405,753$1,083,936$832,972$2,134,565
72$2,601,886$1,087,795$811,622$2,280,933
73$2,816,473$1,090,291$788,006$2,440,893
74$3,051,347$1,091,310$761,998$2,615,820
75$3,308,528$1,090,727$733,469$2,807,232
76$3,590,238$1,088,413$702,280$3,016,802
77$3,898,927$1,084,230$668,291$3,246,375
78$4,237,290$1,078,029$631,351$3,497,984
79$4,608,297$1,069,656$591,305$3,773,873
80$5,015,219$1,058,945$547,989$4,076,513
81$5,461,659$1,045,721$501,234$4,408,631
82$5,951,585$1,029,798$450,862$4,773,233
83$6,489,367$1,010,979$396,687$5,173,630
84$7,079,821$989,055$338,514$5,613,477
85$7,728,250$963,806$276,142$6,096,801
86$8,440,497$934,998$209,358$6,628,041
87$9,222,998$902,383$137,942$7,212,093
88$10,082,844$865,700$61,663$7,854,352
89$11,027,845$824,671$0$8,560,768
90$12,066,608$779,003$0$9,342,952
91$13,208,614$728,385$0$10,220,260
92$14,464,307$672,491$0$11,184,921
93$15,845,196$610,972$0$12,245,789
94$17,363,960$543,464$0$13,412,621
95$19,034,568$469,578$0$14,696,169
96$20,872,412$388,905$0$16,108,280
97$22,894,450$301,014$0$17,662,007
98$25,119,367$205,446$0$19,371,735
99$27,567,750$101,722$0$21,253,314
100$30,262,285$0$0$23,324,210