Can I retire at age 59 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$91,663$90,846$90,050$89,272$88,513$86,268
2 years$45,378$44,532$43,713$42,919$42,149$39,902
3 years$29,951$29,102$28,285$27,499$26,741$24,562
4 years$22,240$21,393$20,585$19,811$19,072$16,978
5 years$17,614$16,773$15,974$15,217$14,498$12,495
6 years$14,531$13,696$12,910$12,169$11,472$9,561
7 years$12,330$11,502$10,728$10,005$9,330$7,512
8 years$10,680$9,859$9,098$8,393$7,740$6,014
9 years$9,397$8,584$7,836$7,149$6,518$4,882
10 years$8,371$7,567$6,832$6,162$5,554$4,007
11 years$7,533$6,736$6,015$5,363$4,776$3,316
12 years$6,834$6,046$5,338$4,704$4,139$2,762
13 years$6,244$5,464$4,769$4,153$3,609$2,313
14 years$5,738$4,966$4,285$3,687$3,164$1,946
15 years$5,300$4,537$3,869$3,288$2,786$1,643
16 years$4,918$4,163$3,508$2,944$2,462$1,391
17 years$4,580$3,834$3,192$2,645$2,183$1,181
18 years$4,281$3,542$2,914$2,384$1,941$1,004
19 years$4,013$3,283$2,667$2,154$1,730$856
20 years$3,773$3,051$2,448$1,951$1,545$730
21 years$3,555$2,842$2,252$1,770$1,383$624
22 years$3,358$2,653$2,075$1,610$1,240$533
23 years$3,178$2,481$1,916$1,466$1,113$457
24 years$3,013$2,324$1,772$1,337$1,000$391
25 years$2,862$2,181$1,641$1,221$900$335
26 years$2,722$2,050$1,522$1,117$811$288
27 years$2,593$1,929$1,414$1,022$731$247
28 years$2,474$1,818$1,314$936$660$212
29 years$2,363$1,715$1,223$859$596$182
30 years$2,259$1,620$1,139$788$538$156
31 years$2,163$1,531$1,062$724$486$134
32 years$2,073$1,449$991$665$440$115
33 years$1,988$1,372$925$612$398$99
34 years$1,908$1,300$864$563$361$85
35 years$1,833$1,233$808$518$327$73
36 years$1,763$1,171$756$477$296$63
37 years$1,696$1,112$708$440$268$54
38 years$1,633$1,057$663$405$243$47
39 years$1,574$1,005$621$374$220$40
40 years$1,518$956$582$345$200$35
41 years$1,464$910$546$318$181$30
42 years$1,413$867$512$293$165$26
43 years$1,365$826$480$271$149$22
44 years$1,319$787$451$250$136$19
45 years$1,275$751$423$231$123$16
46 years$1,233$716$398$213$112$14
47 years$1,193$683$373$197$102$12
48 years$1,155$652$351$182$92$10
49 years$1,119$623$330$168$84$9
50 years$1,084$595$310$156$76$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,110,000, adding $2,554 every year, while hoping to spend $29,974 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: 83/7/10 Blend
58$1,110,000$1,110,000$1,110,000$1,110,000
59$1,225,854$1,167,024$1,149,819$1,325,528
60$1,319,000$1,192,317$1,156,446$1,416,423
61$1,420,641$1,217,843$1,162,291$1,511,960
62$1,531,613$1,243,585$1,167,294$1,615,964
63$1,652,836$1,269,519$1,171,397$1,729,268
64$1,785,321$1,295,621$1,174,534$1,852,788
65$1,930,182$1,321,864$1,176,639$1,987,536
66$2,088,645$1,348,221$1,177,642$2,134,622
67$2,262,062$1,374,659$1,177,468$2,295,274
68$2,451,920$1,401,144$1,176,040$2,470,840
69$2,659,855$1,427,640$1,173,277$2,662,808
70$2,887,672$1,454,105$1,169,093$2,872,815
71$3,137,356$1,480,498$1,163,399$3,102,666
72$3,411,094$1,506,771$1,156,102$3,354,348
73$3,711,297$1,532,873$1,147,102$3,630,051
74$4,040,617$1,558,752$1,136,297$3,932,188
75$4,401,976$1,584,347$1,123,580$4,263,416
76$4,798,595$1,609,597$1,108,837$4,626,664
77$5,234,018$1,634,434$1,091,950$5,025,157
78$5,712,153$1,658,786$1,072,795$5,462,452
79$6,237,302$1,682,576$1,051,243$5,942,465
80$6,814,205$1,705,720$1,027,158$6,469,511
81$7,448,084$1,728,131$1,000,398$7,048,345
82$8,144,692$1,749,713$970,814$7,684,208
83$8,910,366$1,770,364$938,252$8,382,873
84$9,752,089$1,789,978$902,550$9,150,701
85$10,677,553$1,808,438$863,536$9,994,703
86$11,695,233$1,825,621$821,034$10,922,603
87$12,814,466$1,841,396$774,858$11,942,912
88$14,045,540$1,855,623$724,814$13,065,011
89$15,399,790$1,868,153$670,700$14,299,236
90$16,889,704$1,878,827$612,304$15,656,975
91$18,529,041$1,887,478$549,404$17,150,778
92$20,332,964$1,893,925$481,769$18,794,478
93$22,318,176$1,897,977$409,158$20,603,313
94$24,503,085$1,899,432$331,320$22,594,080
95$26,907,970$1,898,075$247,990$24,785,284
96$29,555,179$1,893,677$158,894$27,197,321
97$32,469,336$1,885,995$63,745$29,852,666
98$35,677,571$1,874,772$0$32,776,086
99$39,209,782$1,859,735$0$35,998,906
100$43,098,911$1,840,593$0$39,554,692