Can I retire at age 59 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$79,276$78,570$77,881$77,208$76,552$75,284
2 years$39,245$38,515$37,806$37,119$36,453$35,179
3 years$25,904$25,170$24,463$23,783$23,127$21,887
4 years$19,234$18,502$17,803$17,134$16,495$15,298
5 years$15,234$14,506$13,816$13,161$12,539$11,389
6 years$12,567$11,845$11,165$10,525$9,922$8,820
7 years$10,664$9,948$9,278$8,653$8,069$7,016
8 years$9,236$8,527$7,869$7,259$6,694$5,689
9 years$8,127$7,424$6,777$6,183$5,637$4,680
10 years$7,240$6,544$5,909$5,330$4,803$3,893
11 years$6,515$5,826$5,202$4,638$4,131$3,267
12 years$5,911$5,229$4,617$4,068$3,580$2,761
13 years$5,400$4,725$4,125$3,592$3,122$2,346
14 years$4,963$4,295$3,706$3,188$2,736$2,003
15 years$4,584$3,924$3,346$2,844$2,409$1,717
16 years$4,253$3,600$3,034$2,546$2,129$1,477
17 years$3,961$3,316$2,760$2,288$1,888$1,273
18 years$3,702$3,064$2,520$2,062$1,679$1,101
19 years$3,471$2,839$2,307$1,863$1,496$953
20 years$3,263$2,639$2,117$1,687$1,337$827
21 years$3,075$2,458$1,947$1,531$1,196$719
22 years$2,904$2,294$1,795$1,392$1,072$625
23 years$2,748$2,146$1,657$1,268$962$544
24 years$2,606$2,010$1,533$1,156$865$475
25 years$2,475$1,887$1,420$1,056$778$414
26 years$2,354$1,773$1,317$966$701$361
27 years$2,243$1,669$1,223$884$632$316
28 years$2,140$1,572$1,136$810$570$276
29 years$2,044$1,483$1,058$743$515$241
30 years$1,954$1,401$985$682$465$211
31 years$1,871$1,324$918$626$421$185
32 years$1,792$1,253$857$575$381$162
33 years$1,719$1,187$800$529$344$142
34 years$1,650$1,125$748$487$312$124
35 years$1,586$1,067$699$448$282$109
36 years$1,525$1,013$654$413$256$95
37 years$1,467$962$612$380$232$83
38 years$1,413$914$573$350$210$73
39 years$1,361$869$537$323$191$64
40 years$1,312$827$503$298$173$56
41 years$1,266$787$472$275$157$49
42 years$1,222$750$443$254$142$43
43 years$1,180$714$415$234$129$38
44 years$1,141$681$390$216$117$33
45 years$1,103$649$366$200$106$29
46 years$1,067$619$344$185$97$25
47 years$1,032$591$323$170$88$22
48 years$999$564$304$158$80$20
49 years$967$539$285$146$72$17
50 years$937$515$268$135$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $960,000, adding $4,148 every year, while hoping to spend $33,315 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: 58/30/12 Blend
58$960,000$960,000$960,000$960,000
59$1,062,199$1,011,319$996,439$1,120,422
60$1,135,096$1,025,426$994,372$1,174,292
61$1,214,312$1,039,109$991,120$1,228,914
62$1,300,457$1,052,310$986,608$1,287,658
63$1,394,200$1,064,970$980,756$1,350,926
64$1,496,280$1,077,025$973,482$1,419,159
65$1,607,508$1,088,406$964,701$1,492,842
66$1,728,777$1,099,041$954,322$1,572,514
67$1,861,071$1,108,853$942,250$1,658,766
68$2,005,471$1,117,758$928,387$1,752,252
69$2,163,169$1,125,668$912,628$1,853,692
70$2,335,476$1,132,490$894,865$1,963,883
71$2,523,836$1,138,123$874,984$2,083,701
72$2,729,839$1,142,462$852,867$2,214,114
73$2,955,233$1,145,393$828,389$2,356,190
74$3,201,947$1,146,798$801,420$2,511,107
75$3,472,101$1,146,547$771,824$2,680,164
76$3,768,034$1,144,506$739,458$2,864,794
77$4,092,317$1,140,531$704,174$3,066,579
78$4,447,786$1,134,469$665,816$3,287,263
79$4,837,561$1,126,159$624,222$3,528,770
80$5,265,081$1,115,429$579,222$3,793,223
81$5,734,131$1,102,097$530,638$4,082,962
82$6,248,883$1,085,970$478,285$4,400,569
83$6,813,930$1,066,844$421,968$4,748,894
84$7,434,334$1,044,502$361,487$5,131,076
85$8,115,668$1,018,715$296,629$5,550,582
86$8,864,074$989,240$227,174$6,011,232
87$9,686,316$955,819$152,891$6,517,242
88$10,589,848$918,182$73,540$7,073,258
89$11,582,879$876,039$0$7,684,408
90$12,674,454$829,086$0$8,357,770
91$13,874,539$777,002$0$9,108,295
92$15,194,112$719,445$0$9,933,465
93$16,645,269$656,056$0$10,840,899
94$18,241,337$586,453$0$11,838,995
95$19,996,998$510,235$0$12,937,010
96$21,928,432$426,976$0$14,145,150
97$24,053,461$336,227$0$15,474,668
98$26,391,725$237,513$0$16,937,966
99$28,964,864$130,334$0$18,548,717
100$31,796,721$14,161$0$20,321,994