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%12.2%
1 years$78,863$78,161$77,475$76,806$76,153$75,452
2 years$39,041$38,314$37,609$36,926$36,263$35,557
3 years$25,769$25,039$24,336$23,659$23,007$22,317
4 years$19,134$18,406$17,710$17,045$16,409$15,741
5 years$15,154$14,431$13,744$13,092$12,474$11,830
6 years$12,502$11,784$11,107$10,470$9,870$9,251
7 years$10,608$9,896$9,230$8,608$8,027$7,433
8 years$9,188$8,483$7,828$7,221$6,659$6,090
9 years$8,085$7,386$6,742$6,151$5,608$5,063
10 years$7,202$6,510$5,878$5,302$4,778$4,258
11 years$6,481$5,796$5,175$4,614$4,109$3,613
12 years$5,880$5,202$4,592$4,047$3,561$3,089
13 years$5,372$4,701$4,103$3,573$3,105$2,656
14 years$4,937$4,273$3,687$3,172$2,722$2,295
15 years$4,560$3,903$3,329$2,829$2,397$1,992
16 years$4,231$3,581$3,018$2,533$2,118$1,734
17 years$3,941$3,298$2,746$2,276$1,878$1,515
18 years$3,683$3,048$2,507$2,051$1,670$1,326
19 years$3,453$2,825$2,295$1,853$1,489$1,164
20 years$3,246$2,625$2,106$1,678$1,330$1,023
21 years$3,059$2,445$1,937$1,523$1,190$901
22 years$2,889$2,282$1,785$1,385$1,067$795
23 years$2,734$2,134$1,649$1,261$957$702
24 years$2,592$2,000$1,525$1,150$861$620
25 years$2,462$1,877$1,412$1,051$774$549
26 years$2,342$1,764$1,310$961$697$486
27 years$2,231$1,660$1,216$879$629$431
28 years$2,128$1,564$1,131$806$567$382
29 years$2,033$1,476$1,052$739$512$339
30 years$1,944$1,394$980$678$463$301
31 years$1,861$1,317$914$623$419$267
32 years$1,783$1,247$852$572$379$237
33 years$1,710$1,181$796$526$343$211
34 years$1,642$1,119$744$484$310$188
35 years$1,577$1,061$695$446$281$167
36 years$1,517$1,007$650$411$255$148
37 years$1,460$957$609$378$231$132
38 years$1,405$909$570$349$209$117
39 years$1,354$865$534$321$190$105
40 years$1,306$823$501$296$172$93
41 years$1,260$783$469$274$156$83
42 years$1,216$746$440$252$142$74
43 years$1,174$710$413$233$129$66
44 years$1,135$677$388$215$117$58
45 years$1,097$646$364$199$106$52
46 years$1,061$616$342$184$96$46
47 years$1,027$588$321$170$87$41
48 years$994$561$302$157$79$37
49 years$962$536$284$145$72$33
50 years$932$512$267$134$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $955,000, adding $4,827 every year, while hoping to spend $20,989 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: 42/41/17 Blend
58$955,000$955,000$955,000$955,000
59$1,057,389$1,006,774$991,972$1,096,348
60$1,142,911$1,033,774$1,002,870$1,151,332
61$1,236,452$1,061,393$1,013,431$1,208,410
62$1,338,809$1,089,640$1,023,620$1,269,773
63$1,450,858$1,118,523$1,033,401$1,335,826
64$1,573,563$1,148,049$1,042,739$1,407,011
65$1,707,989$1,178,225$1,051,592$1,483,817
66$1,855,304$1,209,058$1,059,921$1,566,782
67$2,016,798$1,240,555$1,067,681$1,656,496
68$2,193,890$1,272,722$1,074,828$1,753,611
69$2,388,145$1,305,563$1,081,312$1,858,845
70$2,601,283$1,339,083$1,087,083$1,972,989
71$2,835,202$1,373,286$1,092,089$2,096,912
72$3,091,992$1,408,176$1,096,273$2,231,573
73$3,373,953$1,443,755$1,099,576$2,378,028
74$3,683,621$1,480,024$1,101,937$2,537,441
75$4,023,790$1,516,984$1,103,292$2,711,094
76$4,397,536$1,554,636$1,103,571$2,900,398
77$4,808,249$1,592,977$1,102,705$3,106,909
78$5,259,662$1,632,005$1,100,617$3,332,342
79$5,755,890$1,671,716$1,097,230$3,578,585
80$6,301,465$1,712,104$1,092,462$3,847,719
81$6,901,381$1,753,164$1,086,226$4,142,037
82$7,561,139$1,794,886$1,078,432$4,464,067
83$8,286,801$1,837,261$1,068,985$4,816,593
84$9,085,045$1,880,277$1,057,786$5,202,684
85$9,963,228$1,923,919$1,044,730$5,625,720
86$10,929,459$1,968,173$1,029,710$6,089,430
87$11,992,670$2,013,019$1,012,612$6,597,918
88$13,162,703$2,058,438$993,315$7,155,711
89$14,450,403$2,104,406$971,695$7,767,797
90$15,867,719$2,150,897$947,622$8,439,673
91$17,427,818$2,197,882$920,959$9,177,394
92$19,145,207$2,245,330$891,563$9,987,639
93$21,035,872$2,293,205$859,284$10,877,764
94$23,117,427$2,341,468$823,966$11,855,878
95$25,409,281$2,390,077$785,446$12,930,916
96$27,932,822$2,438,984$743,552$14,112,729
97$30,711,615$2,488,140$698,107$15,412,170
98$33,771,629$2,537,488$648,923$16,841,202
99$37,141,479$2,586,969$595,805$18,413,008
100$40,852,695$2,636,516$538,550$20,142,120