Can I retire at age 59 with 932,000?

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 $932,000?

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$76,964$76,278$75,609$74,956$74,319$72,700
2 years$38,101$37,391$36,704$36,037$35,390$33,767
3 years$25,148$24,436$23,750$23,089$22,453$20,876
4 years$18,673$17,963$17,284$16,634$16,014$14,496
5 years$14,789$14,083$13,413$12,777$12,173$10,719
6 years$12,201$11,500$10,840$10,218$9,632$8,242
7 years$10,353$9,658$9,008$8,401$7,834$6,509
8 years$8,967$8,278$7,639$7,047$6,499$5,238
9 years$7,890$7,208$6,580$6,002$5,473$4,276
10 years$7,029$6,353$5,736$5,174$4,663$3,529
11 years$6,325$5,656$5,050$4,503$4,010$2,937
12 years$5,738$5,076$4,482$3,950$3,475$2,461
13 years$5,243$4,588$4,004$3,487$3,031$2,073
14 years$4,818$4,170$3,598$3,095$2,657$1,755
15 years$4,450$3,809$3,248$2,761$2,339$1,491
16 years$4,129$3,495$2,945$2,472$2,067$1,270
17 years$3,846$3,219$2,680$2,221$1,833$1,085
18 years$3,594$2,974$2,446$2,001$1,630$929
19 years$3,370$2,757$2,240$1,809$1,453$797
20 years$3,168$2,562$2,055$1,638$1,298$685
21 years$2,985$2,386$1,891$1,487$1,161$589
22 years$2,819$2,227$1,742$1,352$1,041$507
23 years$2,668$2,083$1,609$1,231$934$437
24 years$2,530$1,952$1,488$1,123$840$377
25 years$2,403$1,832$1,378$1,025$756$326
26 years$2,286$1,721$1,278$937$681$282
27 years$2,178$1,620$1,187$858$614$243
28 years$2,077$1,527$1,103$786$554$210
29 years$1,984$1,440$1,027$721$500$182
30 years$1,897$1,360$956$662$452$158
31 years$1,816$1,286$892$608$408$136
32 years$1,740$1,217$832$558$369$118
33 years$1,669$1,152$777$514$334$102
34 years$1,602$1,092$726$473$303$89
35 years$1,539$1,036$679$435$274$77
36 years$1,480$983$635$401$248$67
37 years$1,424$934$594$369$225$58
38 years$1,372$887$556$340$204$50
39 years$1,322$844$521$314$185$43
40 years$1,274$803$489$289$168$38
41 years$1,229$764$458$267$152$33
42 years$1,187$728$430$246$138$28
43 years$1,146$693$403$227$125$24
44 years$1,107$661$379$210$114$21
45 years$1,071$630$355$194$103$18
46 years$1,035$601$334$179$94$16
47 years$1,002$574$314$166$85$14
48 years$970$548$295$153$77$12
49 years$939$523$277$141$70$10
50 years$910$500$260$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $932,000, adding $5,077 every year, while hoping to spend $28,105 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: 51/33/16 Blend
58$932,000$932,000$932,000$932,000
59$1,032,301$982,905$968,459$1,080,185
60$1,107,692$1,001,164$970,999$1,131,882
61$1,189,831$1,019,375$972,682$1,184,697
62$1,279,377$1,037,508$973,450$1,241,499
63$1,377,054$1,055,526$973,241$1,302,672
64$1,483,660$1,073,394$971,991$1,368,642
65$1,600,074$1,091,071$969,633$1,439,877
66$1,727,262$1,108,514$966,097$1,516,893
67$1,866,289$1,125,677$961,307$1,600,262
68$2,018,326$1,142,510$955,186$1,690,611
69$2,184,664$1,158,962$947,653$1,788,634
70$2,366,722$1,174,974$938,623$1,895,096
71$2,566,067$1,190,486$928,005$2,010,840
72$2,784,419$1,205,434$915,707$2,136,797
73$3,023,677$1,219,747$901,630$2,273,992
74$3,285,929$1,233,352$885,672$2,423,557
75$3,573,477$1,246,169$867,725$2,586,741
76$3,888,855$1,258,115$847,677$2,764,920
77$4,234,855$1,269,098$825,410$2,959,613
78$4,614,550$1,279,024$800,802$3,172,493
79$5,031,328$1,287,791$773,723$3,405,409
80$5,488,919$1,295,288$744,038$3,660,396
81$5,991,433$1,301,402$711,608$3,939,702
82$6,543,397$1,306,008$676,285$4,245,803
83$7,149,798$1,308,977$637,914$4,581,432
84$7,816,129$1,310,168$596,336$4,949,602
85$8,548,443$1,309,435$551,382$5,353,635
86$9,353,408$1,306,621$502,877$5,797,197
87$10,238,369$1,301,559$450,637$6,284,328
88$11,211,420$1,294,073$394,471$6,819,483
89$12,281,478$1,283,976$334,179$7,407,576
90$13,458,366$1,271,068$269,551$8,054,026
91$14,752,908$1,255,139$200,370$8,764,807
92$16,177,030$1,235,966$126,408$9,546,505
93$17,743,871$1,213,313$47,426$10,406,386
94$19,467,909$1,186,928$0$11,352,457
95$21,365,095$1,156,546$0$12,399,843
96$23,453,004$1,121,887$0$13,561,036
97$25,751,003$1,082,652$0$14,838,711
98$28,280,431$1,038,527$0$16,244,753
99$31,064,799$989,180$0$17,792,260
100$34,130,016$934,256$0$19,495,671