Can I retire at age 59 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$81,918$81,189$80,477$79,782$79,103$76,236
2 years$40,554$39,798$39,066$38,357$37,668$34,811
3 years$26,767$26,009$25,279$24,576$23,898$21,141
4 years$19,875$19,119$18,396$17,705$17,044$14,408
5 years$15,741$14,990$14,276$13,599$12,957$10,448
6 years$12,986$12,240$11,537$10,876$10,252$7,873
7 years$11,019$10,279$9,588$8,941$8,338$6,088
8 years$9,544$8,811$8,131$7,501$6,917$4,794
9 years$8,398$7,672$7,003$6,389$5,825$3,826
10 years$7,481$6,762$6,106$5,507$4,963$3,085
11 years$6,732$6,020$5,375$4,793$4,269$2,507
12 years$6,108$5,403$4,770$4,204$3,699$2,050
13 years$5,580$4,883$4,262$3,712$3,226$1,685
14 years$5,128$4,439$3,829$3,295$2,828$1,390
15 years$4,737$4,055$3,458$2,938$2,490$1,151
16 years$4,395$3,720$3,135$2,631$2,200$955
17 years$4,093$3,426$2,852$2,364$1,951$794
18 years$3,826$3,166$2,604$2,130$1,735$661
19 years$3,587$2,934$2,384$1,925$1,546$552
20 years$3,371$2,726$2,188$1,743$1,381$461
21 years$3,177$2,540$2,012$1,582$1,236$385
22 years$3,001$2,371$1,855$1,439$1,108$322
23 years$2,840$2,217$1,712$1,310$994$270
24 years$2,693$2,077$1,584$1,195$894$226
25 years$2,558$1,950$1,467$1,091$804$190
26 years$2,433$1,832$1,360$998$725$159
27 years$2,318$1,724$1,263$913$653$133
28 years$2,211$1,625$1,174$837$589$112
29 years$2,112$1,533$1,093$767$532$94
30 years$2,019$1,448$1,018$704$481$79
31 years$1,933$1,368$949$647$435$66
32 years$1,852$1,295$885$594$393$56
33 years$1,777$1,226$827$547$356$47
34 years$1,705$1,162$772$503$322$39
35 years$1,639$1,102$722$463$292$33
36 years$1,576$1,046$676$426$264$28
37 years$1,516$994$632$393$240$23
38 years$1,460$944$592$362$217$20
39 years$1,407$898$555$334$197$16
40 years$1,356$854$520$308$179$14
41 years$1,308$813$488$284$162$12
42 years$1,263$775$457$262$147$10
43 years$1,220$738$429$242$134$8
44 years$1,179$703$403$224$121$7
45 years$1,139$671$378$206$110$6
46 years$1,102$640$355$191$100$5
47 years$1,066$611$334$176$91$4
48 years$1,032$583$314$163$82$3
49 years$1,000$557$295$150$75$3
50 years$969$532$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $992,000, adding $3,230 every year, while hoping to spend $53,239 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: 52/32/16 Blend
58$992,000$992,000$992,000$992,000
59$1,096,516$1,043,940$1,028,564$1,148,614
60$1,151,714$1,038,447$1,006,375$1,179,175
61$1,210,759$1,030,901$981,658$1,206,522
62$1,273,986$1,021,144$954,273$1,235,086
63$1,341,763$1,009,011$924,072$1,264,999
64$1,414,495$994,325$890,900$1,296,407
65$1,492,626$976,899$854,598$1,329,476
66$1,576,643$956,536$814,996$1,364,391
67$1,667,080$933,025$771,917$1,401,359
68$1,764,524$906,146$725,179$1,440,611
69$1,869,621$875,663$674,588$1,482,407
70$1,983,079$841,327$619,944$1,527,036
71$2,105,677$802,875$561,035$1,574,821
72$2,238,270$760,030$497,644$1,626,124
73$2,381,798$712,496$429,540$1,681,345
74$2,537,296$659,963$356,484$1,740,934
75$2,705,900$602,101$278,226$1,805,392
76$2,888,860$538,563$194,505$1,875,273
77$3,087,552$468,980$105,049$1,951,198
78$3,303,487$392,965$9,573$2,033,857
79$3,538,329$310,107$0$2,124,016
80$3,793,908$219,972$0$2,238,287
81$4,072,239$122,102$0$2,364,626
82$4,375,537$16,015$0$2,502,503
83$4,706,241$0$0$2,653,146
84$5,067,035$0$0$2,852,702
85$5,460,874$0$0$3,076,784
86$5,891,011$0$0$3,321,615
87$6,361,024$0$0$3,589,245
88$6,874,857$0$0$3,881,932
89$7,436,849$0$0$4,202,160
90$8,051,777$0$0$4,552,666
91$8,724,904$0$0$4,936,463
92$9,462,023$0$0$5,356,869
93$10,269,514$0$0$5,817,539
94$11,154,404$0$0$6,322,496
95$12,124,431$0$0$6,876,173
96$13,188,117$0$0$7,483,452
97$14,354,850$0$0$8,149,710
98$15,634,967$0$0$8,880,868
99$17,039,859$0$0$9,683,451
100$18,582,068$0$0$10,564,645