Can I retire at age 59 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$78,615$77,915$77,232$76,565$75,914$73,602
2 years$38,918$38,194$37,491$36,810$36,149$33,840
3 years$25,688$24,960$24,259$23,585$22,935$20,700
4 years$19,074$18,348$17,655$16,991$16,357$14,215
5 years$15,107$14,385$13,701$13,051$12,434$10,390
6 years$12,463$11,747$11,072$10,437$9,839$7,894
7 years$10,575$9,865$9,201$8,581$8,002$6,156
8 years$9,159$8,456$7,803$7,198$6,638$4,891
9 years$8,059$7,362$6,721$6,131$5,590$3,940
10 years$7,180$6,490$5,859$5,285$4,763$3,207
11 years$6,460$5,777$5,159$4,600$4,097$2,632
12 years$5,862$5,185$4,578$4,035$3,550$2,174
13 years$5,355$4,686$4,090$3,562$3,096$1,805
14 years$4,921$4,260$3,675$3,162$2,714$1,504
15 years$4,546$3,891$3,318$2,820$2,389$1,258
16 years$4,218$3,570$3,008$2,525$2,112$1,056
17 years$3,928$3,288$2,737$2,269$1,872$888
18 years$3,671$3,038$2,499$2,044$1,665$748
19 years$3,442$2,816$2,288$1,847$1,484$631
20 years$3,236$2,617$2,100$1,673$1,325$533
21 years$3,049$2,437$1,931$1,518$1,186$451
22 years$2,880$2,275$1,780$1,381$1,063$382
23 years$2,725$2,128$1,643$1,257$954$323
24 years$2,584$1,994$1,520$1,147$858$274
25 years$2,454$1,871$1,408$1,047$772$233
26 years$2,335$1,758$1,306$958$695$197
27 years$2,224$1,655$1,212$877$627$168
28 years$2,122$1,559$1,127$803$566$142
29 years$2,027$1,471$1,049$736$511$121
30 years$1,938$1,389$977$676$461$103
31 years$1,855$1,313$911$621$417$87
32 years$1,778$1,243$850$570$377$74
33 years$1,705$1,177$793$525$342$63
34 years$1,637$1,115$741$483$309$54
35 years$1,572$1,058$693$444$280$46
36 years$1,512$1,004$648$409$254$39
37 years$1,455$954$607$377$230$33
38 years$1,401$906$568$348$209$28
39 years$1,350$862$532$320$189$24
40 years$1,302$820$499$296$172$20
41 years$1,256$781$468$273$156$17
42 years$1,212$743$439$252$141$15
43 years$1,171$708$412$232$128$13
44 years$1,131$675$387$214$116$11
45 years$1,094$644$363$198$106$9
46 years$1,058$614$341$183$96$8
47 years$1,023$586$320$169$87$7
48 years$991$559$301$156$79$6
49 years$959$534$283$144$72$5
50 years$929$510$266$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $952,000, adding $4,946 every year, while hoping to spend $28,031 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: 70/12/18 Blend
58$952,000$952,000$952,000$952,000
59$1,054,206$1,003,750$988,994$1,123,124
60$1,131,910$1,023,109$992,300$1,189,027
61$1,216,601$1,042,477$994,778$1,257,334
62$1,308,961$1,061,825$996,370$1,331,393
63$1,409,742$1,081,121$997,015$1,411,768
64$1,519,771$1,100,332$996,651$1,499,081
65$1,639,960$1,119,421$995,212$1,594,019
66$1,771,312$1,138,348$992,627$1,697,336
67$1,914,929$1,157,071$988,823$1,809,866
68$2,072,028$1,175,544$983,725$1,932,527
69$2,243,948$1,193,718$977,253$2,066,329
70$2,432,161$1,211,540$969,321$2,212,389
71$2,638,291$1,228,955$959,843$2,371,933
72$2,864,124$1,245,902$948,725$2,546,316
73$3,111,630$1,262,316$935,872$2,737,030
74$3,382,975$1,278,128$921,183$2,945,721
75$3,680,547$1,293,265$904,551$3,174,200
76$4,006,975$1,307,648$885,866$3,424,466
77$4,365,156$1,321,192$865,012$3,698,721
78$4,758,279$1,333,808$841,868$3,999,392
79$5,189,860$1,345,401$816,306$4,329,153
80$5,663,768$1,355,868$788,195$4,690,955
81$6,184,268$1,365,100$757,395$5,088,047
82$6,756,056$1,372,984$723,761$5,524,010
83$7,384,309$1,379,395$687,142$6,002,794
84$8,074,726$1,384,203$647,378$6,528,749
85$8,833,588$1,387,268$604,305$7,106,673
86$9,667,814$1,388,444$557,749$7,741,852
87$10,585,026$1,387,574$507,530$8,440,113
88$11,593,624$1,384,490$453,457$9,207,879
89$12,702,860$1,379,017$395,334$10,052,229
90$13,922,929$1,370,965$332,955$10,980,964
91$15,265,063$1,360,138$266,104$12,002,685
92$16,741,637$1,346,322$194,556$13,126,870
93$18,366,287$1,329,295$118,077$14,363,966
94$20,154,037$1,308,819$36,421$15,725,486
95$22,121,440$1,284,643$0$17,224,121
96$24,286,738$1,256,501$0$18,883,601
97$26,670,026$1,224,110$0$20,717,697
98$29,293,450$1,187,173$0$22,736,453
99$32,181,410$1,145,373$0$24,958,650
100$35,360,793$1,098,375$0$27,404,987