Can I retire at age 59 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$80,515$79,797$79,098$78,415$77,748$74,752
2 years$39,859$39,116$38,397$37,699$37,023$34,040
3 years$26,309$25,563$24,845$24,154$23,489$20,613
4 years$19,535$18,791$18,081$17,402$16,752$14,006
5 years$15,472$14,733$14,032$13,366$12,735$10,124
6 years$12,764$12,030$11,340$10,689$10,077$7,604
7 years$10,830$10,103$9,423$8,788$8,195$5,860
8 years$9,381$8,660$7,992$7,372$6,799$4,598
9 years$8,254$7,540$6,883$6,279$5,725$3,656
10 years$7,353$6,646$6,001$5,413$4,878$2,937
11 years$6,617$5,917$5,283$4,711$4,196$2,378
12 years$6,003$5,311$4,689$4,132$3,636$1,936
13 years$5,485$4,799$4,189$3,648$3,170$1,585
14 years$5,040$4,362$3,764$3,238$2,779$1,302
15 years$4,656$3,985$3,398$2,888$2,447$1,073
16 years$4,320$3,656$3,081$2,586$2,163$887
17 years$4,023$3,367$2,804$2,323$1,918$734
18 years$3,760$3,112$2,559$2,094$1,705$609
19 years$3,525$2,884$2,343$1,892$1,520$505
20 years$3,314$2,680$2,150$1,714$1,357$420
21 years$3,123$2,496$1,978$1,555$1,215$350
22 years$2,949$2,330$1,823$1,414$1,089$291
23 years$2,791$2,179$1,683$1,288$977$243
24 years$2,647$2,042$1,557$1,174$879$202
25 years$2,514$1,916$1,442$1,073$791$169
26 years$2,391$1,801$1,337$981$712$141
27 years$2,278$1,695$1,242$898$642$118
28 years$2,173$1,597$1,154$822$579$98
29 years$2,076$1,507$1,074$754$523$82
30 years$1,985$1,423$1,000$692$473$69
31 years$1,900$1,345$933$636$427$57
32 years$1,820$1,273$870$584$387$48
33 years$1,746$1,205$813$537$350$40
34 years$1,676$1,142$759$494$317$33
35 years$1,610$1,083$710$455$287$28
36 years$1,549$1,028$664$419$260$23
37 years$1,490$977$622$386$236$20
38 years$1,435$928$582$356$214$16
39 years$1,383$883$545$328$194$14
40 years$1,333$840$511$303$176$11
41 years$1,286$799$479$279$159$10
42 years$1,241$761$450$258$145$8
43 years$1,199$725$422$238$131$7
44 years$1,158$691$396$220$119$6
45 years$1,120$659$372$203$108$5
46 years$1,083$629$349$187$98$4
47 years$1,048$600$328$173$89$3
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$2
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $975,000, adding $4,694 every year, while hoping to spend $27,207 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: 73/7/20 Blend
58$975,000$975,000$975,000$975,000
59$1,079,292$1,027,617$1,012,504$1,152,580
60$1,160,432$1,049,022$1,017,475$1,223,311
61$1,248,936$1,070,564$1,021,701$1,297,042
62$1,345,527$1,092,221$1,025,127$1,377,123
63$1,451,000$1,113,970$1,027,698$1,464,183
64$1,566,230$1,135,783$1,029,355$1,558,910
65$1,692,182$1,157,632$1,030,034$1,662,065
66$1,829,916$1,179,488$1,029,672$1,774,487
67$1,980,600$1,201,315$1,028,199$1,897,097
68$2,145,522$1,223,080$1,025,544$2,030,915
69$2,326,096$1,244,742$1,021,631$2,177,061
70$2,523,884$1,266,261$1,016,381$2,336,770
71$2,740,603$1,287,590$1,009,713$2,511,405
72$2,978,144$1,308,682$1,001,538$2,702,465
73$3,238,592$1,329,484$991,766$2,911,604
74$3,524,240$1,349,941$980,303$3,140,645
75$3,837,618$1,369,993$967,048$3,391,596
76$4,181,507$1,389,575$951,896$3,666,671
77$4,558,976$1,408,619$934,740$3,968,308
78$4,973,401$1,427,051$915,463$4,299,196
79$5,428,504$1,444,793$893,948$4,662,299
80$5,928,384$1,461,761$870,068$5,060,881
81$6,477,557$1,477,864$843,692$5,498,543
82$7,080,995$1,493,007$814,684$5,979,249
83$7,744,181$1,507,089$782,899$6,507,372
84$8,473,150$1,519,999$748,190$7,087,729
85$9,274,555$1,531,622$710,397$7,725,632
86$10,155,723$1,541,836$669,359$8,426,931
87$11,124,728$1,550,507$624,904$9,198,078
88$12,190,465$1,557,496$576,853$10,046,180
89$13,362,734$1,562,655$525,019$10,979,072
90$14,652,333$1,565,825$469,207$12,005,388
91$16,071,159$1,566,838$409,213$13,134,646
92$17,632,320$1,565,516$344,825$14,377,334
93$19,350,260$1,561,670$275,820$15,745,009
94$21,240,891$1,555,097$201,965$17,250,413
95$23,321,750$1,545,584$123,019$18,907,586
96$25,612,157$1,532,906$38,728$20,732,001
97$28,133,400$1,516,821$0$22,740,712
98$30,908,937$1,497,076$0$24,963,447
99$33,964,615$1,473,399$0$27,419,517
100$37,328,917$1,445,507$0$30,123,542