Can I retire at age 59 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$90,011$89,209$88,427$87,664$86,918$86,334
2 years$44,560$43,730$42,926$42,146$41,390$40,801
3 years$29,412$28,578$27,776$27,003$26,259$25,684
4 years$21,839$21,008$20,214$19,454$18,728$18,170
5 years$17,296$16,470$15,687$14,943$14,237$13,698
6 years$14,269$13,449$12,677$11,950$11,265$10,747
7 years$12,108$11,295$10,535$9,825$9,162$8,663
8 years$10,487$9,682$8,934$8,242$7,600$7,122
9 years$9,228$8,430$7,695$7,020$6,401$5,943
10 years$8,220$7,430$6,709$6,051$5,454$5,016
11 years$7,397$6,615$5,906$5,267$4,690$4,272
12 years$6,711$5,937$5,242$4,619$4,065$3,665
13 years$6,131$5,365$4,683$4,078$3,544$3,164
14 years$5,635$4,877$4,208$3,620$3,107$2,745
15 years$5,205$4,455$3,799$3,229$2,736$2,392
16 years$4,829$4,088$3,444$2,891$2,418$2,091
17 years$4,498$3,765$3,134$2,597$2,144$1,834
18 years$4,204$3,479$2,861$2,341$1,906$1,613
19 years$3,941$3,224$2,619$2,115$1,699$1,421
20 years$3,705$2,996$2,404$1,916$1,518$1,255
21 years$3,491$2,790$2,211$1,739$1,358$1,110
22 years$3,297$2,605$2,038$1,581$1,217$983
23 years$3,121$2,436$1,882$1,440$1,093$872
24 years$2,959$2,283$1,740$1,313$982$775
25 years$2,810$2,142$1,612$1,199$884$689
26 years$2,673$2,013$1,495$1,096$796$613
27 years$2,547$1,895$1,388$1,004$718$545
28 years$2,429$1,785$1,290$919$648$486
29 years$2,320$1,684$1,201$843$585$433
30 years$2,219$1,591$1,119$774$528$387
31 years$2,124$1,504$1,043$711$478$345
32 years$2,035$1,423$973$653$432$308
33 years$1,952$1,347$908$601$391$275
34 years$1,874$1,277$849$553$354$246
35 years$1,800$1,211$794$509$321$220
36 years$1,731$1,150$742$469$291$196
37 years$1,666$1,092$695$432$263$176
38 years$1,604$1,038$651$398$239$157
39 years$1,546$987$610$367$217$141
40 years$1,490$939$571$338$196$126
41 years$1,438$894$536$312$178$113
42 years$1,388$851$503$288$162$101
43 years$1,340$811$472$266$147$90
44 years$1,295$773$443$246$133$81
45 years$1,252$737$416$227$121$72
46 years$1,211$703$390$210$110$65
47 years$1,172$671$367$194$100$58
48 years$1,134$641$345$179$91$52
49 years$1,098$612$324$165$82$46
50 years$1,064$584$305$153$75$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,090,000, adding $4,535 every year, while hoping to spend $47,497 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: 62/32/6 Blend
58$1,090,000$1,090,000$1,090,000$1,090,000
59$1,205,858$1,148,088$1,131,193$1,279,047
60$1,278,319$1,153,808$1,118,551$1,334,160
61$1,356,579$1,158,216$1,103,895$1,388,330
62$1,441,180$1,161,198$1,087,105$1,446,226
63$1,532,716$1,162,633$1,068,058$1,508,204
64$1,631,842$1,162,390$1,046,627$1,574,662
65$1,739,276$1,160,334$1,022,676$1,646,036
66$1,855,810$1,156,318$996,063$1,722,809
67$1,982,313$1,150,188$966,641$1,805,514
68$2,119,741$1,141,779$934,256$1,894,739
69$2,269,147$1,130,919$898,746$1,991,137
70$2,431,687$1,117,421$859,941$2,095,424
71$2,608,636$1,101,092$817,666$2,208,396
72$2,801,395$1,081,723$771,736$2,330,927
73$3,011,506$1,059,096$721,957$2,463,988
74$3,240,665$1,032,977$668,129$2,608,646
75$3,490,741$1,003,122$610,039$2,766,083
76$3,763,790$969,268$547,469$2,937,602
77$4,062,075$931,141$480,188$3,124,644
78$4,388,089$888,448$407,956$3,328,797
79$4,744,573$840,882$330,522$3,551,818
80$5,134,550$788,115$247,625$3,795,645
81$5,561,344$729,803$158,990$4,062,416
82$6,028,618$665,580$64,333$4,354,495
83$6,540,404$595,060$0$4,674,490
84$7,101,143$517,837$0$5,027,625
85$7,715,727$433,478$0$5,419,280
86$8,389,543$341,530$0$5,848,857
87$9,128,521$241,510$0$6,320,250
88$9,939,198$132,912$0$6,837,752
89$10,828,770$15,198$0$7,406,101
90$11,805,166$0$0$8,030,524
91$12,877,117$0$0$8,756,294
92$14,054,244$0$0$9,559,235
93$15,347,144$0$0$10,441,235
94$16,767,489$0$0$11,410,269
95$18,328,139$0$0$12,475,120
96$20,043,263$0$0$13,645,468
97$21,928,467$0$0$14,931,975
98$24,000,947$0$0$16,346,388
99$26,279,647$0$0$17,901,648
100$28,785,439$0$0$19,612,015