Can I retire at age 59 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$77,294$76,606$75,934$75,278$74,638$72,834
2 years$38,264$37,552$36,861$36,191$35,542$33,735
3 years$25,256$24,540$23,852$23,188$22,549$20,796
4 years$18,753$18,040$17,358$16,706$16,082$14,396
5 years$14,853$14,143$13,470$12,832$12,226$10,612
6 years$12,253$11,549$10,886$10,262$9,674$8,133
7 years$10,397$9,699$9,046$8,437$7,867$6,401
8 years$9,006$8,314$7,672$7,077$6,527$5,134
9 years$7,924$7,239$6,608$6,028$5,496$4,175
10 years$7,059$6,381$5,761$5,196$4,683$3,433
11 years$6,352$5,680$5,072$4,522$4,028$2,846
12 years$5,763$5,098$4,501$3,967$3,490$2,376
13 years$5,265$4,607$4,021$3,502$3,044$1,994
14 years$4,839$4,188$3,613$3,109$2,668$1,680
15 years$4,470$3,826$3,262$2,772$2,349$1,422
16 years$4,147$3,510$2,958$2,482$2,076$1,206
17 years$3,862$3,233$2,691$2,230$1,841$1,026
18 years$3,610$2,987$2,457$2,010$1,637$875
19 years$3,384$2,768$2,249$1,816$1,459$747
20 years$3,181$2,573$2,064$1,645$1,303$639
21 years$2,998$2,396$1,899$1,493$1,166$547
22 years$2,831$2,237$1,750$1,357$1,045$469
23 years$2,680$2,092$1,616$1,236$938$402
24 years$2,541$1,960$1,494$1,128$843$346
25 years$2,413$1,839$1,384$1,030$759$297
26 years$2,296$1,729$1,284$942$684$255
27 years$2,187$1,627$1,192$862$616$220
28 years$2,086$1,533$1,108$790$556$189
29 years$1,993$1,446$1,031$724$502$163
30 years$1,905$1,366$960$665$454$140
31 years$1,824$1,291$895$610$410$121
32 years$1,748$1,222$835$561$371$104
33 years$1,676$1,157$780$516$336$90
34 years$1,609$1,097$729$475$304$77
35 years$1,546$1,040$681$437$275$67
36 years$1,487$987$637$402$250$57
37 years$1,430$938$597$371$226$49
38 years$1,377$891$559$342$205$43
39 years$1,327$847$523$315$186$37
40 years$1,280$806$491$291$169$32
41 years$1,235$767$460$268$153$27
42 years$1,192$731$432$247$139$24
43 years$1,151$696$405$228$126$20
44 years$1,112$664$380$211$114$18
45 years$1,075$633$357$195$104$15
46 years$1,040$604$335$180$94$13
47 years$1,006$576$315$166$86$11
48 years$974$550$296$154$78$10
49 years$943$525$278$142$71$8
50 years$914$502$262$131$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $936,000, adding $6,735 every year, while hoping to spend $24,950 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: 61/28/11 Blend
58$936,000$936,000$936,000$936,000
59$1,038,419$988,811$974,303$1,098,690
60$1,117,791$1,010,716$980,396$1,161,839
61$1,204,423$1,032,859$985,856$1,227,266
62$1,299,029$1,055,223$990,637$1,298,043
63$1,402,395$1,077,794$994,688$1,374,689
64$1,515,386$1,100,553$997,957$1,457,773
65$1,638,956$1,123,481$1,000,389$1,547,925
66$1,774,154$1,146,555$1,001,926$1,645,838
67$1,922,134$1,169,753$1,002,508$1,752,273
68$2,084,169$1,193,049$1,002,069$1,868,072
69$2,261,661$1,216,414$1,000,545$1,994,160
70$2,456,151$1,239,819$997,864$2,131,558
71$2,669,338$1,263,231$993,952$2,281,389
72$2,903,095$1,286,613$988,734$2,444,894
73$3,159,482$1,309,928$982,127$2,623,435
74$3,440,768$1,333,134$974,048$2,818,519
75$3,749,455$1,356,186$964,407$3,031,802
76$4,088,296$1,379,036$953,112$3,265,111
77$4,460,326$1,401,632$940,065$3,520,460
78$4,868,886$1,423,919$925,163$3,800,067
79$5,317,658$1,445,836$908,302$4,106,378
80$5,810,697$1,467,320$889,368$4,442,086
81$6,352,471$1,488,302$868,245$4,810,163
82$6,947,902$1,508,708$844,810$5,213,880
83$7,602,413$1,528,459$818,936$5,656,847
84$8,321,977$1,547,472$790,488$6,143,039
85$9,113,176$1,565,656$759,327$6,676,838
86$9,983,263$1,582,915$725,307$7,263,074
87$10,940,225$1,599,147$688,274$7,907,069
88$11,992,865$1,614,243$648,069$8,614,692
89$13,150,882$1,628,085$604,523$9,392,408
90$14,424,961$1,640,550$557,464$10,247,344
91$15,826,875$1,651,506$506,708$11,187,356
92$17,369,598$1,660,811$452,064$12,221,100
93$19,067,423$1,668,317$393,334$13,358,120
94$20,936,099$1,673,863$330,309$14,608,930
95$22,992,979$1,677,281$262,773$15,985,123
96$25,257,185$1,678,390$190,498$17,499,474
97$27,749,786$1,676,999$113,248$19,166,063
98$30,493,999$1,672,906$30,776$21,000,409
99$33,515,403$1,665,895$0$23,019,616
100$36,842,188$1,655,737$0$25,249,252