Can I retire at age 59 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$76,138$75,460$74,798$74,152$73,522$73,150
2 years$37,692$36,990$36,310$35,650$35,010$34,636
3 years$24,878$24,173$23,495$22,841$22,212$21,845
4 years$18,473$17,770$17,098$16,456$15,842$15,486
5 years$14,631$13,932$13,269$12,640$12,043$11,699
6 years$12,070$11,376$10,723$10,108$9,529$9,198
7 years$10,241$9,554$8,911$8,310$7,750$7,431
8 years$8,871$8,189$7,557$6,971$6,429$6,123
9 years$7,805$7,130$6,509$5,938$5,414$5,121
10 years$6,953$6,285$5,675$5,119$4,613$4,333
11 years$6,257$5,595$4,996$4,455$3,967$3,699
12 years$5,677$5,022$4,434$3,907$3,438$3,182
13 years$5,186$4,538$3,961$3,450$2,998$2,754
14 years$4,766$4,125$3,559$3,062$2,628$2,395
15 years$4,403$3,769$3,214$2,731$2,314$2,092
16 years$4,085$3,458$2,914$2,445$2,045$1,834
17 years$3,805$3,184$2,651$2,197$1,813$1,613
18 years$3,556$2,942$2,420$1,980$1,612$1,423
19 years$3,333$2,727$2,216$1,789$1,437$1,257
20 years$3,134$2,534$2,033$1,620$1,284$1,113
21 years$2,953$2,360$1,870$1,471$1,149$988
22 years$2,789$2,203$1,724$1,337$1,030$878
23 years$2,640$2,061$1,592$1,218$924$781
24 years$2,503$1,931$1,472$1,111$831$696
25 years$2,377$1,812$1,363$1,014$748$620
26 years$2,261$1,703$1,264$927$673$553
27 years$2,154$1,603$1,174$849$607$494
28 years$2,055$1,510$1,091$778$548$442
29 years$1,963$1,425$1,016$713$495$395
30 years$1,877$1,345$946$655$447$354
31 years$1,797$1,272$882$601$404$317
32 years$1,722$1,203$823$552$366$284
33 years$1,651$1,140$768$508$331$254
34 years$1,585$1,080$718$467$300$228
35 years$1,523$1,025$671$430$271$204
36 years$1,464$972$628$396$246$183
37 years$1,409$924$588$365$223$165
38 years$1,357$878$550$337$202$148
39 years$1,307$835$516$310$183$133
40 years$1,261$794$483$286$166$119
41 years$1,216$756$453$264$151$107
42 years$1,174$720$425$244$137$96
43 years$1,134$686$399$225$124$86
44 years$1,095$654$374$208$113$77
45 years$1,059$623$352$192$102$70
46 years$1,024$595$330$177$93$63
47 years$991$568$310$164$84$56
48 years$959$542$292$151$77$50
49 years$929$517$274$140$70$45
50 years$900$494$258$129$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $922,000, adding $2,531 every year, while hoping to spend $53,489 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: 52/30/18 Blend
58$922,000$922,000$922,000$922,000
59$1,018,655$969,789$955,498$1,066,481
60$1,065,646$960,396$930,595$1,090,211
61$1,115,637$948,751$903,065$1,110,204
62$1,168,878$934,686$872,764$1,130,787
63$1,225,642$918,025$839,541$1,152,032
64$1,286,229$898,579$803,236$1,174,023
65$1,350,966$876,151$763,687$1,196,854
66$1,420,213$850,531$720,718$1,220,633
67$1,494,364$821,496$674,151$1,245,484
68$1,573,850$788,811$623,797$1,271,543
69$1,659,147$752,226$569,458$1,298,970
70$1,750,774$711,479$510,929$1,327,939
71$1,849,302$666,291$447,994$1,358,652
72$1,955,359$616,367$380,430$1,391,332
73$2,069,632$561,396$308,001$1,426,234
74$2,192,879$501,048$230,463$1,463,641
75$2,325,929$434,976$147,560$1,503,873
76$2,469,695$362,812$59,025$1,547,287
77$2,625,181$284,167$0$1,594,285
78$2,793,490$198,631$0$1,652,125
79$2,975,832$105,771$0$1,727,040
80$3,173,542$5,128$0$1,808,301
81$3,388,085$0$0$1,896,595
82$3,621,073$0$0$2,026,945
83$3,874,279$0$0$2,170,528
84$4,149,653$0$0$2,326,767
85$4,449,342$0$0$2,496,889
86$4,775,707$0$0$2,682,247
87$5,131,345$0$0$2,884,328
88$5,519,117$0$0$3,104,768
89$5,942,169$0$0$3,345,370
90$6,403,965$0$0$3,608,116
91$6,908,320$0$0$3,895,191
92$7,459,429$0$0$4,208,997
93$8,061,916$0$0$4,552,180
94$8,720,867$0$0$4,927,656
95$9,441,885$0$0$5,338,631
96$10,231,140$0$0$5,788,639
97$11,095,422$0$0$6,281,570
98$12,042,214$0$0$6,821,708
99$13,079,753$0$0$7,413,772
100$14,217,112$0$0$8,062,958