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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$90,837$90,028$89,238$88,468$87,716$86,800
2 years$44,969$44,131$43,320$42,533$41,769$40,847
3 years$29,681$28,840$28,031$27,251$26,500$25,600
4 years$22,039$21,201$20,399$19,633$18,900$18,029
5 years$17,455$16,622$15,831$15,080$14,368$13,528
6 years$14,400$13,573$12,793$12,060$11,369$10,562
7 years$12,219$11,398$10,631$9,915$9,246$8,472
8 years$10,583$9,771$9,016$8,317$7,670$6,929
9 years$9,312$8,507$7,766$7,084$6,459$5,751
10 years$8,296$7,499$6,770$6,107$5,504$4,828
11 years$7,465$6,675$5,960$5,315$4,733$4,089
12 years$6,773$5,992$5,290$4,662$4,102$3,489
13 years$6,188$5,415$4,726$4,116$3,577$2,994
14 years$5,687$4,922$4,246$3,653$3,135$2,582
15 years$5,253$4,496$3,834$3,258$2,761$2,236
16 years$4,873$4,125$3,476$2,917$2,440$1,943
17 years$4,539$3,799$3,163$2,621$2,163$1,694
18 years$4,242$3,510$2,887$2,362$1,924$1,480
19 years$3,977$3,253$2,643$2,135$1,715$1,296
20 years$3,739$3,023$2,426$1,933$1,531$1,137
21 years$3,523$2,816$2,231$1,755$1,371$999
22 years$3,327$2,629$2,057$1,595$1,228$879
23 years$3,149$2,459$1,899$1,453$1,103$774
24 years$2,986$2,304$1,756$1,325$991$683
25 years$2,836$2,162$1,627$1,210$892$603
26 years$2,698$2,032$1,509$1,106$803$532
27 years$2,570$1,912$1,401$1,013$724$471
28 years$2,452$1,802$1,302$928$654$416
29 years$2,342$1,700$1,212$851$590$369
30 years$2,239$1,605$1,129$781$533$326
31 years$2,143$1,517$1,052$717$482$289
32 years$2,054$1,436$982$659$436$256
33 years$1,970$1,360$917$606$395$227
34 years$1,891$1,289$857$558$357$201
35 years$1,817$1,222$801$513$324$179
36 years$1,747$1,160$749$473$293$159
37 years$1,681$1,102$701$436$266$141
38 years$1,619$1,047$657$402$241$125
39 years$1,560$996$615$370$218$111
40 years$1,504$947$577$342$198$98
41 years$1,451$902$541$315$180$87
42 years$1,400$859$507$291$163$78
43 years$1,353$818$476$268$148$69
44 years$1,307$780$447$248$134$61
45 years$1,264$744$419$229$122$54
46 years$1,222$710$394$211$111$48
47 years$1,183$677$370$195$101$43
48 years$1,145$646$348$180$91$38
49 years$1,109$617$327$167$83$34
50 years$1,074$590$307$154$75$30

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 $3,185 every year, while hoping to spend $59,884 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: 46/28/26 Blend
58$1,100,000$1,100,000$1,100,000$1,100,000
59$1,215,485$1,157,185$1,140,135$1,262,180
60$1,275,749$1,150,171$1,114,614$1,288,457
61$1,340,152$1,140,807$1,086,230$1,310,866
62$1,409,054$1,128,913$1,054,825$1,334,005
63$1,482,849$1,114,300$1,020,233$1,357,974
64$1,561,967$1,096,769$982,279$1,382,886
65$1,646,884$1,076,107$940,782$1,408,870
66$1,738,119$1,052,089$895,550$1,436,073
67$1,836,242$1,024,476$846,386$1,464,659
68$1,941,880$993,017$793,081$1,494,818
69$2,055,720$957,443$735,418$1,526,762
70$2,178,519$917,474$673,171$1,560,729
71$2,311,107$872,809$606,101$1,596,988
72$2,454,396$823,132$533,961$1,635,844
73$2,609,388$768,109$456,492$1,677,637
74$2,777,185$707,387$373,425$1,722,749
75$2,959,000$640,590$284,476$1,771,608
76$3,156,164$567,325$189,352$1,824,696
77$3,370,142$487,173$87,744$1,882,549
78$3,602,545$399,693$0$1,945,768
79$3,855,145$304,419$0$2,020,766
80$4,129,893$200,859$0$2,128,902
81$4,428,933$88,492$0$2,246,743
82$4,754,626$0$0$2,375,323
83$5,109,568$0$0$2,526,028
84$5,496,619$0$0$2,720,212
85$5,918,924$0$0$2,932,203
86$6,379,946$0$0$3,163,755
87$6,883,497$0$0$3,416,799
88$7,433,773$0$0$3,693,459
89$8,035,394$0$0$3,996,074
90$8,693,447$0$0$4,327,222
91$9,413,532$0$0$4,689,738
92$10,201,817$0$0$5,086,747
93$11,065,092$0$0$5,521,688
94$12,010,836$0$0$5,998,351
95$13,047,285$0$0$6,520,907
96$14,183,508$0$0$7,093,951
97$15,429,497$0$0$7,722,545
98$16,796,253$0$0$8,412,263
99$18,295,896$0$0$9,169,246
100$19,941,776$0$0$10,000,258