Can I retire at age 59 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$79,854$79,143$78,449$77,771$77,110$74,433
2 years$39,532$38,795$38,082$37,390$36,719$34,050
3 years$26,093$25,353$24,642$23,956$23,296$20,719
4 years$19,374$18,637$17,933$17,259$16,615$14,149
5 years$15,345$14,612$13,917$13,257$12,630$10,282
6 years$12,659$11,932$11,247$10,601$9,994$7,765
7 years$10,741$10,020$9,346$8,716$8,128$6,018
8 years$9,304$8,589$7,926$7,312$6,743$4,750
9 years$8,186$7,478$6,827$6,228$5,678$3,801
10 years$7,293$6,592$5,952$5,369$4,838$3,072
11 years$6,562$5,868$5,240$4,672$4,161$2,503
12 years$5,954$5,267$4,650$4,098$3,606$2,053
13 years$5,440$4,760$4,155$3,618$3,144$1,691
14 years$4,999$4,327$3,733$3,212$2,756$1,399
15 years$4,618$3,952$3,370$2,864$2,427$1,161
16 years$4,284$3,626$3,056$2,565$2,145$967
17 years$3,990$3,340$2,781$2,304$1,902$806
18 years$3,729$3,086$2,538$2,077$1,691$674
19 years$3,496$2,860$2,324$1,876$1,507$564
20 years$3,287$2,658$2,133$1,699$1,346$472
21 years$3,097$2,476$1,962$1,542$1,205$396
22 years$2,925$2,311$1,808$1,402$1,080$332
23 years$2,768$2,161$1,669$1,277$969$279
24 years$2,625$2,025$1,544$1,165$871$235
25 years$2,493$1,900$1,430$1,064$784$197
26 years$2,372$1,786$1,326$973$706$166
27 years$2,259$1,681$1,231$890$637$140
28 years$2,155$1,584$1,145$816$575$118
29 years$2,059$1,494$1,065$748$519$99
30 years$1,968$1,411$992$687$469$83
31 years$1,884$1,334$925$631$424$70
32 years$1,806$1,262$863$579$383$59
33 years$1,732$1,195$806$533$347$50
34 years$1,662$1,133$753$490$314$42
35 years$1,597$1,075$704$451$285$35
36 years$1,536$1,020$659$416$258$30
37 years$1,478$969$616$383$234$25
38 years$1,423$921$577$353$212$21
39 years$1,371$875$541$325$192$18
40 years$1,322$833$507$300$174$15
41 years$1,275$793$475$277$158$13
42 years$1,231$755$446$256$143$11
43 years$1,189$719$418$236$130$9
44 years$1,149$686$393$218$118$8
45 years$1,111$654$369$201$107$6
46 years$1,074$624$346$186$97$5
47 years$1,040$595$325$172$88$5
48 years$1,006$568$306$159$80$4
49 years$975$543$287$147$73$3
50 years$944$518$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $967,000, adding $6,498 every year, while hoping to spend $38,039 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: 40/50/10 Blend
58$967,000$967,000$967,000$967,000
59$1,072,337$1,021,086$1,006,097$1,111,765
60$1,141,242$1,030,646$999,328$1,149,692
61$1,215,900$1,039,399$991,058$1,186,426
62$1,296,859$1,047,267$981,195$1,225,310
63$1,384,719$1,054,163$969,645$1,266,555
64$1,480,141$1,059,998$956,309$1,310,395
65$1,583,854$1,064,676$941,084$1,357,091
66$1,696,656$1,068,094$923,859$1,406,929
67$1,819,428$1,070,144$904,522$1,460,229
68$1,953,139$1,070,710$882,953$1,517,345
69$2,098,855$1,069,671$859,027$1,578,671
70$2,257,748$1,066,895$832,614$1,644,641
71$2,431,110$1,062,244$803,579$1,715,738
72$2,620,362$1,055,572$771,777$1,792,498
73$2,827,067$1,046,724$737,060$1,875,511
74$3,052,949$1,035,534$699,272$1,965,436
75$3,299,902$1,021,828$658,250$2,063,000
76$3,570,014$1,005,420$613,824$2,169,007
77$3,865,584$986,114$565,815$2,284,351
78$4,189,142$963,702$514,039$2,410,017
79$4,543,475$937,963$458,299$2,547,099
80$4,931,651$908,666$398,394$2,696,808
81$5,357,051$875,562$334,112$2,860,480
82$5,823,397$838,390$265,231$3,039,598
83$6,334,787$796,875$191,520$3,235,799
84$6,895,737$750,724$112,738$3,450,896
85$7,511,221$699,628$28,633$3,686,893
86$8,186,715$643,260$0$3,946,007
87$8,928,255$581,274$0$4,237,208
88$9,742,486$513,306$0$4,560,370
89$10,636,730$438,969$0$4,915,458
90$11,619,054$357,855$0$5,305,813
91$12,698,342$269,535$0$5,735,127
92$13,884,383$173,552$0$6,207,475
93$15,187,960$69,426$0$6,727,359
94$16,620,955$0$0$7,299,749
95$18,196,455$0$0$7,953,985
96$19,928,882$0$0$8,715,527
97$21,834,122$0$0$9,553,180
98$23,929,681$0$0$10,474,656
99$26,234,843$0$0$11,488,455
100$28,770,859$0$0$12,603,941