Can I retire at age 59 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$93,314$92,483$91,672$90,881$90,108$89,728
2 years$46,195$45,335$44,501$43,693$42,908$42,525
3 years$30,491$29,627$28,795$27,994$27,223$26,848
4 years$22,640$21,779$20,955$20,168$19,416$19,052
5 years$17,931$17,075$16,262$15,491$14,759$14,408
6 years$14,793$13,943$13,142$12,388$11,679$11,340
7 years$12,552$11,709$10,921$10,185$9,498$9,172
8 years$10,872$10,037$9,262$8,544$7,879$7,566
9 years$9,566$8,739$7,978$7,278$6,636$6,335
10 years$8,522$7,703$6,955$6,273$5,654$5,366
11 years$7,668$6,858$6,123$5,460$4,862$4,587
12 years$6,957$6,155$5,434$4,789$4,214$3,950
13 years$6,356$5,562$4,855$4,228$3,674$3,423
14 years$5,842$5,056$4,362$3,753$3,221$2,982
15 years$5,396$4,619$3,938$3,347$2,836$2,608
16 years$5,006$4,238$3,571$2,997$2,506$2,290
17 years$4,663$3,903$3,249$2,693$2,222$2,016
18 years$4,358$3,606$2,966$2,427$1,976$1,780
19 years$4,085$3,342$2,715$2,193$1,761$1,576
20 years$3,841$3,106$2,492$1,986$1,573$1,398
21 years$3,619$2,893$2,292$1,802$1,408$1,242
22 years$3,418$2,700$2,113$1,639$1,262$1,105
23 years$3,235$2,526$1,951$1,492$1,133$984
24 years$3,067$2,366$1,804$1,361$1,018$878
25 years$2,913$2,221$1,671$1,243$916$784
26 years$2,771$2,087$1,550$1,137$825$701
27 years$2,640$1,964$1,439$1,040$744$627
28 years$2,519$1,851$1,338$953$671$561
29 years$2,405$1,746$1,245$874$606$503
30 years$2,300$1,649$1,160$802$548$451
31 years$2,202$1,559$1,081$737$495$404
32 years$2,110$1,475$1,009$677$448$363
33 years$2,024$1,397$942$623$405$326
34 years$1,943$1,324$880$573$367$292
35 years$1,866$1,256$823$527$332$263
36 years$1,795$1,192$770$486$301$236
37 years$1,727$1,132$720$448$273$212
38 years$1,663$1,076$675$413$248$191
39 years$1,602$1,023$632$380$224$171
40 years$1,545$973$592$351$204$154
41 years$1,490$926$555$324$185$139
42 years$1,439$882$521$299$168$125
43 years$1,389$841$489$276$152$112
44 years$1,343$801$459$255$138$101
45 years$1,298$764$431$235$125$91
46 years$1,255$729$405$217$114$82
47 years$1,215$696$380$201$103$74
48 years$1,176$664$357$185$94$66
49 years$1,139$634$336$171$85$60
50 years$1,103$606$316$158$77$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,130,000, adding $2,735 every year, while hoping to spend $55,803 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: 67/15/18 Blend
58$1,130,000$1,130,000$1,130,000$1,130,000
59$1,248,081$1,188,191$1,170,676$1,326,020
60$1,316,011$1,187,039$1,150,520$1,377,328
61$1,389,000$1,183,959$1,127,818$1,426,663
62$1,467,505$1,178,800$1,102,426$1,479,249
63$1,552,027$1,171,398$1,074,194$1,535,401
64$1,643,118$1,161,580$1,042,964$1,595,470
65$1,741,383$1,149,164$1,008,570$1,659,843
66$1,847,486$1,133,956$970,840$1,728,951
67$1,962,160$1,115,749$929,593$1,803,265
68$2,086,206$1,094,327$884,640$1,883,310
69$2,220,508$1,069,458$835,785$1,969,665
70$2,366,037$1,040,899$782,820$2,062,969
71$2,523,859$1,008,389$725,531$2,163,931
72$2,695,148$971,656$663,692$2,273,332
73$2,881,195$930,409$597,067$2,392,035
74$3,083,420$884,342$525,412$2,520,996
75$3,303,385$833,131$448,470$2,661,269
76$3,542,808$776,432$365,971$2,814,019
77$3,803,580$713,883$277,637$2,980,534
78$4,087,782$645,100$183,175$3,162,235
79$4,397,705$569,679$82,280$3,360,693
80$4,735,868$487,190$0$3,577,643
81$5,105,046$397,182$0$3,819,877
82$5,508,292$299,176$0$4,101,815
83$5,948,970$192,667$0$4,410,040
84$6,430,780$77,123$0$4,747,200
85$6,957,798$0$0$5,116,216
86$7,534,510$0$0$5,528,234
87$8,165,858$0$0$5,993,287
88$8,857,283$0$0$6,502,663
89$9,614,776$0$0$7,060,784
90$10,444,936$0$0$7,672,521
91$11,355,029$0$0$8,343,239
92$12,353,061$0$0$9,078,846
93$13,447,847$0$0$9,885,850
94$14,649,095$0$0$10,771,418
95$15,967,503$0$0$11,743,446
96$17,414,851$0$0$12,810,632
97$19,004,115$0$0$13,982,555
98$20,749,593$0$0$15,269,769
99$22,667,032$0$0$16,683,901
100$24,773,780$0$0$18,237,757