Can I retire at age 59 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$76,716$76,033$75,366$74,715$74,080$73,124
2 years$37,978$37,271$36,585$35,921$35,276$34,314
3 years$25,067$24,357$23,673$23,015$22,381$21,443
4 years$18,613$17,905$17,228$16,581$15,962$15,056
5 years$14,742$14,038$13,370$12,736$12,134$11,262
6 years$12,161$11,463$10,805$10,185$9,601$8,764
7 years$10,319$9,626$8,979$8,374$7,808$7,006
8 years$8,938$8,252$7,615$7,024$6,478$5,711
9 years$7,865$7,185$6,559$5,983$5,455$4,723
10 years$7,006$6,333$5,718$5,158$4,648$3,951
11 years$6,304$5,638$5,034$4,489$3,998$3,334
12 years$5,720$5,060$4,467$3,937$3,464$2,833
13 years$5,226$4,573$3,991$3,476$3,021$2,422
14 years$4,803$4,157$3,586$3,086$2,648$2,081
15 years$4,436$3,797$3,238$2,752$2,332$1,795
16 years$4,116$3,484$2,936$2,464$2,061$1,553
17 years$3,833$3,208$2,671$2,214$1,827$1,348
18 years$3,583$2,965$2,439$1,995$1,625$1,173
19 years$3,359$2,748$2,232$1,803$1,448$1,022
20 years$3,157$2,553$2,049$1,633$1,293$893
21 years$2,975$2,378$1,884$1,482$1,157$781
22 years$2,810$2,220$1,737$1,347$1,037$684
23 years$2,660$2,076$1,604$1,227$931$600
24 years$2,522$1,945$1,483$1,119$837$527
25 years$2,395$1,826$1,374$1,022$753$463
26 years$2,278$1,716$1,274$934$678$407
27 years$2,171$1,615$1,183$855$612$358
28 years$2,071$1,522$1,100$784$552$315
29 years$1,978$1,435$1,023$719$498$278
30 years$1,891$1,356$953$660$450$245
31 years$1,810$1,282$889$606$407$216
32 years$1,735$1,213$829$557$368$190
33 years$1,664$1,148$774$512$333$168
34 years$1,597$1,088$723$471$302$148
35 years$1,534$1,032$676$434$273$131
36 years$1,475$980$633$399$248$115
37 years$1,420$931$592$368$224$102
38 years$1,367$884$555$339$203$90
39 years$1,317$841$520$313$185$79
40 years$1,270$800$487$288$167$70
41 years$1,225$762$457$266$152$62
42 years$1,183$725$428$246$138$55
43 years$1,142$691$402$227$125$48
44 years$1,104$659$377$209$114$43
45 years$1,067$628$354$193$103$38
46 years$1,032$599$333$179$94$33
47 years$999$572$313$165$85$30
48 years$967$546$294$152$77$26
49 years$936$521$276$141$70$23
50 years$907$498$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $929,000, adding $2,357 every year, while hoping to spend $30,789 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: 40/44/16 Blend
58$929,000$929,000$929,000$929,000
59$1,026,189$976,952$962,553$1,062,269
60$1,098,101$992,064$962,039$1,103,241
61$1,176,316$1,006,884$960,476$1,144,370
62$1,261,445$1,021,365$957,796$1,188,208
63$1,354,159$1,035,459$953,929$1,235,016
64$1,455,197$1,049,110$948,800$1,285,083
65$1,565,373$1,062,262$942,330$1,338,728
66$1,685,582$1,074,854$934,439$1,396,305
67$1,816,809$1,086,819$925,040$1,458,203
68$1,960,139$1,098,089$914,045$1,524,853
69$2,116,766$1,108,588$901,358$1,596,732
70$2,288,005$1,118,238$886,883$1,674,367
71$2,475,303$1,126,954$870,515$1,758,339
72$2,680,255$1,134,645$852,148$1,849,293
73$2,904,614$1,141,215$831,668$1,947,938
74$3,150,313$1,146,564$808,958$2,055,060
75$3,419,481$1,150,581$783,893$2,171,527
76$3,714,461$1,153,152$756,346$2,298,297
77$4,037,833$1,154,154$726,182$2,436,429
78$4,392,442$1,153,457$693,258$2,587,092
79$4,781,417$1,150,923$657,428$2,751,580
80$5,208,207$1,146,404$618,538$2,931,318
81$5,676,611$1,139,745$576,426$3,127,884
82$6,190,813$1,130,780$530,924$3,343,016
83$6,755,422$1,119,334$481,856$3,578,637
84$7,375,516$1,105,222$429,039$3,836,869
85$8,056,686$1,088,246$372,279$4,120,055
86$8,805,096$1,068,197$311,378$4,430,782
87$9,627,532$1,044,855$246,125$4,771,904
88$10,531,472$1,017,985$176,303$5,146,574
89$11,525,155$987,339$101,682$5,558,272
90$12,617,657$952,655$22,025$6,010,838
91$13,818,978$913,655$0$6,508,510
92$15,140,135$870,045$0$7,066,720
93$16,593,266$821,514$0$7,684,588
94$18,191,744$767,734$0$8,364,094
95$19,950,305$708,356$0$9,111,573
96$21,885,184$643,013$0$9,934,009
97$24,014,269$571,317$0$10,839,110
98$26,357,270$492,857$0$11,835,373
99$28,935,903$407,199$0$12,932,171
100$31,774,098$313,885$0$14,139,840