Can I retire at age 59 with 1,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$90,837$90,028$89,238$88,468$87,716$85,112
2 years$44,969$44,131$43,320$42,533$41,769$39,168
3 years$29,681$28,840$28,031$27,251$26,500$23,983
4 years$22,039$21,201$20,399$19,633$18,900$16,485
5 years$17,455$16,622$15,831$15,080$14,368$12,062
6 years$14,400$13,573$12,793$12,060$11,369$9,175
7 years$12,219$11,398$10,631$9,915$9,246$7,163
8 years$10,583$9,771$9,016$8,317$7,670$5,698
9 years$9,312$8,507$7,766$7,084$6,459$4,595
10 years$8,296$7,499$6,770$6,107$5,504$3,745
11 years$7,465$6,675$5,960$5,315$4,733$3,077
12 years$6,773$5,992$5,290$4,662$4,102$2,545
13 years$6,188$5,415$4,726$4,116$3,577$2,116
14 years$5,687$4,922$4,246$3,653$3,135$1,766
15 years$5,253$4,496$3,834$3,258$2,761$1,480
16 years$4,873$4,125$3,476$2,917$2,440$1,243
17 years$4,539$3,799$3,163$2,621$2,163$1,047
18 years$4,242$3,510$2,887$2,362$1,924$883
19 years$3,977$3,253$2,643$2,135$1,715$746
20 years$3,739$3,023$2,426$1,933$1,531$631
21 years$3,523$2,816$2,231$1,755$1,371$535
22 years$3,327$2,629$2,057$1,595$1,228$454
23 years$3,149$2,459$1,899$1,453$1,103$385
24 years$2,986$2,304$1,756$1,325$991$327
25 years$2,836$2,162$1,627$1,210$892$278
26 years$2,698$2,032$1,509$1,106$803$236
27 years$2,570$1,912$1,401$1,013$724$201
28 years$2,452$1,802$1,302$928$654$171
29 years$2,342$1,700$1,212$851$590$145
30 years$2,239$1,605$1,129$781$533$124
31 years$2,143$1,517$1,052$717$482$105
32 years$2,054$1,436$982$659$436$90
33 years$1,970$1,360$917$606$395$76
34 years$1,891$1,289$857$558$357$65
35 years$1,817$1,222$801$513$324$55
36 years$1,747$1,160$749$473$293$47
37 years$1,681$1,102$701$436$266$40
38 years$1,619$1,047$657$402$241$34
39 years$1,560$996$615$370$218$29
40 years$1,504$947$577$342$198$25
41 years$1,451$902$541$315$180$21
42 years$1,400$859$507$291$163$18
43 years$1,353$818$476$268$148$15
44 years$1,307$780$447$248$134$13
45 years$1,264$744$419$229$122$11
46 years$1,222$710$394$211$111$10
47 years$1,183$677$370$195$101$8
48 years$1,145$646$348$180$91$7
49 years$1,109$617$327$167$83$6
50 years$1,074$590$307$154$75$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,100,000, adding $2,909 every year, while hoping to spend $52,514 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: 26/50/24 Blend
58$1,100,000$1,100,000$1,100,000$1,100,000
59$1,215,201$1,156,901$1,139,851$1,237,525
60$1,283,277$1,157,714$1,122,161$1,256,546
61$1,356,536$1,156,808$1,102,119$1,272,194
62$1,435,453$1,154,041$1,079,590$1,287,873
63$1,520,546$1,149,267$1,054,434$1,303,621
64$1,612,388$1,142,326$1,026,503$1,319,481
65$1,711,605$1,133,053$995,644$1,335,508
66$1,818,886$1,121,271$961,696$1,351,768
67$1,934,990$1,106,791$924,490$1,368,336
68$2,060,750$1,089,415$883,852$1,385,304
69$2,197,082$1,068,931$839,596$1,402,778
70$2,344,993$1,045,118$791,531$1,420,883
71$2,505,591$1,017,737$739,456$1,439,761
72$2,680,094$986,539$683,161$1,459,579
73$2,869,843$951,259$622,426$1,480,528
74$3,076,313$911,616$557,022$1,502,826
75$3,301,125$867,313$486,711$1,526,723
76$3,546,065$818,037$411,241$1,552,504
77$3,813,098$763,456$330,353$1,580,493
78$4,104,387$703,218$243,772$1,611,059
79$4,422,312$636,953$151,216$1,644,619
80$4,769,492$564,268$52,386$1,681,643
81$5,148,811$484,748$0$1,722,664
82$5,563,446$397,956$0$1,781,876
83$6,016,891$303,430$0$1,861,560
84$6,512,995$200,679$0$1,949,132
85$7,055,997$89,189$0$2,045,536
86$7,650,564$0$0$2,151,823
87$8,301,834$0$0$2,286,540
88$9,015,468$0$0$2,488,110
89$9,797,698$0$0$2,709,242
90$10,655,389$0$0$2,951,900
91$11,596,102$0$0$3,218,249
92$12,628,164$0$0$3,510,672
93$13,760,748$0$0$3,831,792
94$15,003,958$0$0$4,184,502
95$16,368,924$0$0$4,571,987
96$17,867,904$0$0$4,997,757
97$19,514,405$0$0$5,465,677
98$21,323,304$0$0$5,980,006
99$23,310,991$0$0$6,545,438
100$25,495,523$0$0$7,167,141