Can I retire at age 59 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$79,689$78,979$78,286$77,610$76,950$75,489
2 years$39,450$38,715$38,003$37,313$36,643$35,177
3 years$26,039$25,301$24,591$23,907$23,248$21,822
4 years$19,334$18,599$17,896$17,223$16,581$15,206
5 years$15,313$14,582$13,888$13,229$12,604$11,285
6 years$12,633$11,907$11,223$10,580$9,973$8,711
7 years$10,719$9,999$9,327$8,698$8,111$6,906
8 years$9,285$8,571$7,910$7,297$6,729$5,581
9 years$8,169$7,463$6,813$6,215$5,667$4,575
10 years$7,278$6,578$5,939$5,357$4,828$3,791
11 years$6,549$5,856$5,229$4,663$4,152$3,169
12 years$5,942$5,256$4,641$4,090$3,598$2,668
13 years$5,428$4,750$4,146$3,611$3,138$2,258
14 years$4,989$4,318$3,725$3,205$2,751$1,921
15 years$4,608$3,944$3,363$2,858$2,422$1,639
16 years$4,275$3,619$3,049$2,559$2,141$1,404
17 years$3,982$3,333$2,775$2,300$1,898$1,206
18 years$3,722$3,080$2,533$2,072$1,688$1,037
19 years$3,489$2,854$2,319$1,873$1,504$895
20 years$3,280$2,652$2,128$1,696$1,344$773
21 years$3,091$2,470$1,958$1,539$1,202$668
22 years$2,919$2,306$1,804$1,399$1,078$579
23 years$2,763$2,157$1,666$1,275$967$502
24 years$2,619$2,021$1,541$1,162$870$435
25 years$2,488$1,896$1,427$1,062$782$378
26 years$2,367$1,782$1,323$971$705$328
27 years$2,255$1,677$1,229$888$635$285
28 years$2,151$1,581$1,142$814$573$248
29 years$2,054$1,491$1,063$746$518$216
30 years$1,964$1,408$990$685$468$188
31 years$1,880$1,331$923$629$423$164
32 years$1,802$1,260$861$578$383$143
33 years$1,728$1,193$804$532$346$124
34 years$1,659$1,131$751$489$313$108
35 years$1,594$1,072$703$450$284$94
36 years$1,533$1,018$657$415$257$82
37 years$1,475$967$615$382$233$72
38 years$1,420$919$576$352$211$62
39 years$1,368$874$540$325$192$54
40 years$1,319$831$506$300$174$48
41 years$1,273$791$474$276$158$41
42 years$1,229$753$445$255$143$36
43 years$1,187$718$418$235$130$32
44 years$1,147$684$392$217$118$27
45 years$1,108$653$368$201$107$24
46 years$1,072$623$346$185$97$21
47 years$1,037$594$325$171$88$18
48 years$1,004$567$305$158$80$16
49 years$973$542$287$146$73$14
50 years$942$517$270$135$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $965,000, adding $4,632 every year, while hoping to spend $24,766 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: 58/28/14 Blend
58$965,000$965,000$965,000$965,000
59$1,068,208$1,017,063$1,002,105$1,126,111
60$1,150,814$1,040,548$1,009,325$1,189,268
61$1,241,016$1,064,354$1,015,957$1,254,937
62$1,339,563$1,088,470$1,021,954$1,325,942
63$1,447,278$1,112,885$1,027,269$1,402,798
64$1,565,069$1,137,585$1,031,852$1,486,074
65$1,693,936$1,162,556$1,035,648$1,576,397
66$1,834,977$1,187,781$1,038,602$1,674,456
67$1,989,404$1,213,242$1,040,655$1,781,013
68$2,158,552$1,238,920$1,041,745$1,896,906
69$2,343,889$1,264,792$1,041,809$2,023,057
70$2,547,034$1,290,834$1,040,777$2,160,483
71$2,769,767$1,317,021$1,038,579$2,310,307
72$3,014,051$1,343,323$1,035,139$2,473,762
73$3,282,048$1,369,710$1,030,380$2,652,210
74$3,576,139$1,396,147$1,024,220$2,847,151
75$3,898,945$1,422,599$1,016,571$3,060,238
76$4,253,356$1,449,024$1,007,345$3,293,293
77$4,642,554$1,475,382$996,446$3,548,323
78$5,070,043$1,501,624$983,776$3,827,541
79$5,539,686$1,527,702$969,231$4,133,385
80$6,055,736$1,553,562$952,702$4,468,543
81$6,622,879$1,579,145$934,076$4,835,978
82$7,246,279$1,604,389$913,234$5,238,953
83$7,931,624$1,629,228$890,051$5,681,067
84$8,685,180$1,653,591$864,398$6,166,285
85$9,513,851$1,677,400$836,139$6,698,978
86$10,425,245$1,700,573$805,130$7,283,964
87$11,427,741$1,723,023$771,223$7,926,552
88$12,530,575$1,744,655$734,263$8,632,594
89$13,743,919$1,765,368$694,087$9,408,539
90$15,078,985$1,785,057$650,524$10,261,498
91$16,548,122$1,803,605$603,397$11,199,304
92$18,164,940$1,820,892$552,521$12,230,594
93$19,944,434$1,836,786$497,701$13,364,886
94$21,903,127$1,851,149$438,734$14,612,670
95$24,059,224$1,863,833$375,410$15,985,509
96$26,432,785$1,874,682$307,506$17,496,146
97$29,045,914$1,883,526$234,793$19,158,627
98$31,922,968$1,890,189$157,029$20,988,433
99$35,090,783$1,894,481$73,962$23,002,625
100$38,578,934$1,896,201$0$25,220,008