Can I retire at age 59 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$78,863$78,161$77,475$76,806$76,153$73,656
2 years$39,041$38,314$37,609$36,926$36,263$33,772
3 years$25,769$25,039$24,336$23,659$23,007$20,599
4 years$19,134$18,406$17,710$17,045$16,409$14,102
5 years$15,154$14,431$13,744$13,092$12,474$10,275
6 years$12,502$11,784$11,107$10,470$9,870$7,781
7 years$10,608$9,896$9,230$8,608$8,027$6,048
8 years$9,188$8,483$7,828$7,221$6,659$4,788
9 years$8,085$7,386$6,742$6,151$5,608$3,843
10 years$7,202$6,510$5,878$5,302$4,778$3,116
11 years$6,481$5,796$5,175$4,614$4,109$2,547
12 years$5,880$5,202$4,592$4,047$3,561$2,096
13 years$5,372$4,701$4,103$3,573$3,105$1,733
14 years$4,937$4,273$3,687$3,172$2,722$1,438
15 years$4,560$3,903$3,329$2,829$2,397$1,198
16 years$4,231$3,581$3,018$2,533$2,118$1,001
17 years$3,941$3,298$2,746$2,276$1,878$838
18 years$3,683$3,048$2,507$2,051$1,670$703
19 years$3,453$2,825$2,295$1,853$1,489$590
20 years$3,246$2,625$2,106$1,678$1,330$496
21 years$3,059$2,445$1,937$1,523$1,190$418
22 years$2,889$2,282$1,785$1,385$1,067$352
23 years$2,734$2,134$1,649$1,261$957$297
24 years$2,592$2,000$1,525$1,150$861$251
25 years$2,462$1,877$1,412$1,051$774$212
26 years$2,342$1,764$1,310$961$697$179
27 years$2,231$1,660$1,216$879$629$151
28 years$2,128$1,564$1,131$806$567$128
29 years$2,033$1,476$1,052$739$512$108
30 years$1,944$1,394$980$678$463$91
31 years$1,861$1,317$914$623$419$77
32 years$1,783$1,247$852$572$379$65
33 years$1,710$1,181$796$526$343$55
34 years$1,642$1,119$744$484$310$47
35 years$1,577$1,061$695$446$281$40
36 years$1,517$1,007$650$411$255$33
37 years$1,460$957$609$378$231$28
38 years$1,405$909$570$349$209$24
39 years$1,354$865$534$321$190$20
40 years$1,306$823$501$296$172$17
41 years$1,260$783$469$274$156$15
42 years$1,216$746$440$252$142$12
43 years$1,174$710$413$233$129$10
44 years$1,135$677$388$215$117$9
45 years$1,097$646$364$199$106$7
46 years$1,061$616$342$184$96$6
47 years$1,027$588$321$170$87$5
48 years$994$561$302$157$79$5
49 years$962$536$284$145$72$4
50 years$932$512$267$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $955,000, adding $5,702 every year, while hoping to spend $46,405 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: 39/36/25 Blend
58$955,000$955,000$955,000$955,000
59$1,058,292$1,007,677$992,874$1,091,518
60$1,116,863$1,007,678$976,761$1,116,164
61$1,179,853$1,006,125$958,552$1,138,047
62$1,247,664$1,002,891$938,130$1,160,798
63$1,320,737$997,843$915,368$1,184,525
64$1,399,556$990,842$890,137$1,209,349
65$1,484,654$981,736$862,300$1,235,408
66$1,576,616$970,368$831,714$1,262,855
67$1,676,084$956,570$798,230$1,291,866
68$1,783,766$940,164$761,693$1,322,636
69$1,900,438$920,960$721,937$1,355,387
70$2,026,955$898,759$678,794$1,390,365
71$2,164,256$873,349$632,085$1,427,850
72$2,313,373$844,507$581,623$1,468,151
73$2,475,444$811,995$527,215$1,511,619
74$2,651,719$775,562$468,656$1,558,643
75$2,843,573$734,943$405,734$1,609,659
76$3,052,519$689,857$338,228$1,665,155
77$3,280,223$640,007$265,906$1,725,674
78$3,528,518$585,079$188,526$1,791,824
79$3,799,421$524,742$105,836$1,864,281
80$4,095,153$458,645$17,572$1,943,798
81$4,418,157$386,417$0$2,031,217
82$4,771,124$307,667$0$2,147,909
83$5,157,017$221,981$0$2,280,807
84$5,579,097$128,922$0$2,426,455
85$6,040,955$28,030$0$2,586,221
86$6,546,546$0$0$2,761,620
87$7,100,223$0$0$2,986,489
88$7,706,783$0$0$3,245,127
89$8,371,505$0$0$3,528,698
90$9,100,205$0$0$3,839,699
91$9,899,289$0$0$4,180,880
92$10,775,813$0$0$4,555,273
93$11,737,545$0$0$4,966,214
94$12,793,046$0$0$5,417,379
95$13,951,744$0$0$5,912,818
96$15,224,024$0$0$6,456,993
97$16,621,326$0$0$7,054,817
98$18,156,253$0$0$7,711,704
99$19,842,689$0$0$8,433,618
100$21,695,928$0$0$9,227,131