Can I retire at age 59 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$76,055$75,378$74,717$74,072$73,442$71,842
2 years$37,651$36,950$36,270$35,611$34,972$33,368
3 years$24,851$24,147$23,469$22,817$22,188$20,630
4 years$18,453$17,751$17,080$16,438$15,825$14,325
5 years$14,615$13,917$13,255$12,626$12,030$10,592
6 years$12,057$11,364$10,712$10,097$9,519$8,145
7 years$10,230$9,544$8,901$8,301$7,741$6,432
8 years$8,861$8,181$7,549$6,964$6,422$5,176
9 years$7,797$7,123$6,502$5,932$5,408$4,225
10 years$6,946$6,278$5,669$5,113$4,608$3,487
11 years$6,250$5,589$4,991$4,450$3,963$2,902
12 years$5,671$5,017$4,429$3,903$3,434$2,432
13 years$5,181$4,534$3,957$3,446$2,995$2,049
14 years$4,761$4,121$3,555$3,059$2,625$1,734
15 years$4,398$3,764$3,210$2,728$2,311$1,473
16 years$4,080$3,454$2,910$2,443$2,043$1,255
17 years$3,800$3,181$2,648$2,195$1,811$1,073
18 years$3,552$2,939$2,418$1,978$1,611$918
19 years$3,330$2,724$2,213$1,787$1,436$788
20 years$3,130$2,531$2,031$1,619$1,282$677
21 years$2,950$2,358$1,868$1,469$1,147$582
22 years$2,786$2,201$1,722$1,336$1,029$501
23 years$2,637$2,058$1,590$1,216$923$432
24 years$2,500$1,929$1,470$1,109$830$373
25 years$2,374$1,810$1,362$1,013$747$322
26 years$2,259$1,701$1,263$926$673$278
27 years$2,152$1,601$1,173$848$606$240
28 years$2,053$1,509$1,090$777$547$208
29 years$1,961$1,423$1,015$712$494$180
30 years$1,875$1,344$945$654$446$156
31 years$1,795$1,271$881$601$404$135
32 years$1,720$1,202$822$552$365$117
33 years$1,649$1,138$768$508$330$101
34 years$1,583$1,079$717$467$299$88
35 years$1,521$1,023$670$430$271$76
36 years$1,463$971$627$396$246$66
37 years$1,408$923$587$365$223$57
38 years$1,355$877$550$336$202$49
39 years$1,306$834$515$310$183$43
40 years$1,259$793$483$286$166$37
41 years$1,215$755$453$264$151$32
42 years$1,173$719$425$243$137$28
43 years$1,132$685$398$225$124$24
44 years$1,094$653$374$208$113$21
45 years$1,058$623$351$192$102$18
46 years$1,023$594$330$177$93$16
47 years$990$567$310$164$84$14
48 years$958$541$291$151$76$12
49 years$928$517$274$140$69$10
50 years$899$494$257$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $921,000, adding $6,918 every year, while hoping to spend $56,978 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: 53/21/26 Blend
58$921,000$921,000$921,000$921,000
59$1,022,078$973,265$958,989$1,068,524
60$1,065,706$960,331$930,491$1,088,449
61$1,111,874$944,853$899,129$1,103,716
62$1,160,781$926,647$864,746$1,119,176
63$1,212,646$905,518$827,180$1,134,867
64$1,267,704$881,257$786,259$1,150,837
65$1,326,217$853,645$741,805$1,167,142
66$1,388,468$822,450$693,633$1,183,847
67$1,454,768$787,427$641,546$1,201,027
68$1,525,458$748,315$585,341$1,218,769
69$1,600,911$704,838$524,807$1,237,173
70$1,681,536$656,707$459,720$1,256,355
71$1,767,780$603,614$389,848$1,276,446
72$1,860,136$545,233$314,950$1,297,597
73$1,959,141$481,220$234,772$1,319,978
74$2,065,386$411,213$149,050$1,343,784
75$2,179,521$334,828$57,508$1,369,236
76$2,302,256$251,659$0$1,396,582
77$2,434,374$161,278$0$1,437,253
78$2,576,732$63,232$0$1,498,167
79$2,730,274$0$0$1,563,800
80$2,896,034$0$0$1,644,570
81$3,075,151$0$0$1,747,708
82$3,268,875$0$0$1,859,331
83$3,478,581$0$0$1,980,240
84$3,705,780$0$0$2,111,317
85$3,952,133$0$0$2,253,530
86$4,219,467$0$0$2,407,944
87$4,509,792$0$0$2,575,733
88$4,825,319$0$0$2,758,184
89$5,168,479$0$0$2,956,717
90$5,541,946$0$0$3,172,892
91$5,948,665$0$0$3,408,426
92$6,391,875$0$0$3,665,210
93$6,875,141$0$0$3,945,323
94$7,402,385$0$0$4,251,055
95$7,977,926$0$0$4,584,926
96$8,606,519$0$0$4,949,709
97$9,293,395$0$0$5,348,460
98$10,044,317$0$0$5,784,541
99$10,865,626$0$0$6,261,655
100$11,764,309$0$0$6,783,877