Can I retire at age 59 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$76,303$75,623$74,960$74,313$73,681$72,490
2 years$37,774$37,070$36,388$35,727$35,086$33,890
3 years$24,932$24,226$23,546$22,891$22,260$21,095
4 years$18,513$17,809$17,135$16,492$15,876$14,752
5 years$14,662$13,962$13,298$12,667$12,069$10,988
6 years$12,096$11,401$10,747$10,130$9,550$8,514
7 years$10,264$9,575$8,930$8,328$7,766$6,776
8 years$8,890$8,207$7,574$6,987$6,443$5,498
9 years$7,822$7,146$6,523$5,951$5,426$4,526
10 years$6,968$6,299$5,687$5,130$4,623$3,767
11 years$6,270$5,607$5,007$4,464$3,976$3,163
12 years$5,689$5,033$4,443$3,916$3,446$2,675
13 years$5,198$4,548$3,970$3,457$3,005$2,274
14 years$4,777$4,134$3,567$3,069$2,634$1,943
15 years$4,412$3,777$3,221$2,737$2,319$1,667
16 years$4,094$3,465$2,920$2,451$2,050$1,435
17 years$3,813$3,191$2,657$2,202$1,817$1,238
18 years$3,564$2,949$2,425$1,984$1,616$1,071
19 years$3,341$2,733$2,220$1,793$1,440$928
20 years$3,140$2,540$2,038$1,624$1,286$806
21 years$2,959$2,366$1,874$1,474$1,151$701
22 years$2,795$2,208$1,728$1,340$1,032$610
23 years$2,645$2,065$1,595$1,220$926$532
24 years$2,508$1,935$1,475$1,113$833$464
25 years$2,382$1,816$1,366$1,017$749$405
26 years$2,266$1,707$1,267$929$675$354
27 years$2,159$1,606$1,177$851$608$309
28 years$2,059$1,513$1,094$779$549$270
29 years$1,967$1,428$1,018$715$496$237
30 years$1,881$1,348$948$656$448$207
31 years$1,800$1,275$884$602$405$181
32 years$1,725$1,206$825$554$366$159
33 years$1,655$1,142$770$509$332$139
34 years$1,589$1,083$720$468$300$122
35 years$1,526$1,027$673$431$272$107
36 years$1,468$975$629$397$246$94
37 years$1,412$926$589$366$223$82
38 years$1,360$880$552$337$202$72
39 years$1,310$836$517$311$184$63
40 years$1,263$796$484$287$166$56
41 years$1,219$758$454$265$151$49
42 years$1,176$721$426$244$137$43
43 years$1,136$687$400$225$124$38
44 years$1,098$655$375$208$113$33
45 years$1,061$625$352$192$102$29
46 years$1,027$596$331$178$93$25
47 years$993$569$311$164$84$22
48 years$962$543$292$152$77$20
49 years$931$519$275$140$70$17
50 years$902$495$258$130$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $924,000, adding $4,476 every year, while hoping to spend $52,154 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: 76/15/9 Blend
58$924,000$924,000$924,000$924,000
59$1,022,865$973,893$959,571$1,098,761
60$1,071,706$966,122$936,225$1,141,554
61$1,123,780$956,223$910,349$1,181,357
62$1,179,363$944,035$881,804$1,223,494
63$1,238,756$929,391$850,442$1,268,179
64$1,302,289$912,110$816,111$1,315,645
65$1,370,322$892,004$778,651$1,366,150
66$1,443,255$868,871$737,895$1,419,981
67$1,521,520$842,500$693,668$1,477,452
68$1,605,597$812,664$645,788$1,538,911
69$1,696,010$779,126$594,063$1,604,742
70$1,793,334$741,635$538,296$1,675,369
71$1,898,201$699,922$478,276$1,751,261
72$2,011,306$653,707$413,787$1,832,934
73$2,133,412$602,691$344,601$1,920,961
74$2,265,357$546,560$270,482$2,015,970
75$2,408,062$484,979$191,181$2,118,660
76$2,562,539$417,598$106,441$2,229,797
77$2,729,901$344,044$15,990$2,350,232
78$2,911,373$263,924$0$2,480,902
79$3,108,301$176,824$0$2,630,574
80$3,322,164$82,305$0$2,794,800
81$3,554,591$0$0$2,973,333
82$3,807,373$0$0$3,170,913
83$4,082,480$0$0$3,400,758
84$4,382,081$0$0$3,651,101
85$4,708,561$0$0$3,923,937
86$5,064,547$0$0$4,221,466
87$5,452,929$0$0$4,546,107
88$5,876,887$0$0$4,900,524
89$6,339,924$0$0$5,287,650
90$6,845,893$0$0$5,710,711
91$7,399,039$0$0$6,173,262
92$8,004,034$0$0$6,679,214
93$8,666,023$0$0$7,232,877
94$9,390,671$0$0$7,838,994
95$10,184,215$0$0$8,502,787
96$11,053,524$0$0$9,230,011
97$12,006,165$0$0$10,026,999
98$13,050,469$0$0$10,900,729
99$14,195,611$0$0$11,858,886
100$15,451,698$0$0$12,909,932