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%13.4%
1 years$93,314$92,483$91,672$90,881$90,108$88,835
2 years$46,195$45,335$44,501$43,693$42,908$41,628
3 years$30,491$29,627$28,795$27,994$27,223$25,975
4 years$22,640$21,779$20,955$20,168$19,416$18,210
5 years$17,931$17,075$16,262$15,491$14,759$13,600
6 years$14,793$13,943$13,142$12,388$11,679$10,567
7 years$12,552$11,709$10,921$10,185$9,498$8,433
8 years$10,872$10,037$9,262$8,544$7,879$6,862
9 years$9,566$8,739$7,978$7,278$6,636$5,665
10 years$8,522$7,703$6,955$6,273$5,654$4,730
11 years$7,668$6,858$6,123$5,460$4,862$3,984
12 years$6,957$6,155$5,434$4,789$4,214$3,380
13 years$6,356$5,562$4,855$4,228$3,674$2,884
14 years$5,842$5,056$4,362$3,753$3,221$2,472
15 years$5,396$4,619$3,938$3,347$2,836$2,128
16 years$5,006$4,238$3,571$2,997$2,506$1,837
17 years$4,663$3,903$3,249$2,693$2,222$1,591
18 years$4,358$3,606$2,966$2,427$1,976$1,381
19 years$4,085$3,342$2,715$2,193$1,761$1,202
20 years$3,841$3,106$2,492$1,986$1,573$1,047
21 years$3,619$2,893$2,292$1,802$1,408$914
22 years$3,418$2,700$2,113$1,639$1,262$799
23 years$3,235$2,526$1,951$1,492$1,133$699
24 years$3,067$2,366$1,804$1,361$1,018$612
25 years$2,913$2,221$1,671$1,243$916$536
26 years$2,771$2,087$1,550$1,137$825$471
27 years$2,640$1,964$1,439$1,040$744$413
28 years$2,519$1,851$1,338$953$671$363
29 years$2,405$1,746$1,245$874$606$319
30 years$2,300$1,649$1,160$802$548$280
31 years$2,202$1,559$1,081$737$495$246
32 years$2,110$1,475$1,009$677$448$217
33 years$2,024$1,397$942$623$405$191
34 years$1,943$1,324$880$573$367$168
35 years$1,866$1,256$823$527$332$148
36 years$1,795$1,192$770$486$301$130
37 years$1,727$1,132$720$448$273$115
38 years$1,663$1,076$675$413$248$101
39 years$1,602$1,023$632$380$224$89
40 years$1,545$973$592$351$204$78
41 years$1,490$926$555$324$185$69
42 years$1,439$882$521$299$168$61
43 years$1,389$841$489$276$152$54
44 years$1,343$801$459$255$138$47
45 years$1,298$764$431$235$125$42
46 years$1,255$729$405$217$114$37
47 years$1,215$696$380$201$103$32
48 years$1,176$664$357$185$94$29
49 years$1,139$634$336$171$85$25
50 years$1,103$606$316$158$77$22

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 $6,519 every year, while hoping to spend $37,473 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: 44/29/27 Blend
58$1,130,000$1,130,000$1,130,000$1,130,000
59$1,251,984$1,192,094$1,174,579$1,297,012
60$1,339,816$1,210,636$1,174,057$1,348,269
61$1,435,350$1,228,830$1,172,261$1,399,711
62$1,539,333$1,246,621$1,169,109$1,454,751
63$1,652,587$1,263,946$1,164,516$1,513,745
64$1,776,013$1,280,742$1,158,390$1,577,086
65$1,910,608$1,296,940$1,150,637$1,645,209
66$2,057,464$1,312,464$1,141,158$1,718,595
67$2,217,787$1,327,237$1,129,848$1,797,773
68$2,392,903$1,341,173$1,116,599$1,883,332
69$2,584,270$1,354,182$1,101,297$1,975,919
70$2,793,497$1,366,168$1,083,821$2,076,252
71$3,022,353$1,377,029$1,064,048$2,185,123
72$3,272,785$1,386,655$1,041,846$2,303,405
73$3,546,938$1,394,931$1,017,078$2,432,068
74$3,847,176$1,401,733$989,600$2,572,177
75$4,176,100$1,406,929$959,263$2,724,913
76$4,536,574$1,410,380$925,910$2,891,578
77$4,931,753$1,411,938$889,376$3,073,613
78$5,365,112$1,411,444$849,491$3,272,605
79$5,840,480$1,408,730$806,075$3,490,310
80$6,362,071$1,403,620$758,941$3,728,666
81$6,934,528$1,395,924$707,892$3,989,812
82$7,562,968$1,385,442$652,724$4,276,111
83$8,253,024$1,371,961$593,223$4,590,170
84$9,010,902$1,355,257$529,165$4,934,868
85$9,843,440$1,335,090$460,318$5,313,383
86$10,758,169$1,311,209$386,438$5,729,222
87$11,763,388$1,283,344$307,269$6,186,256
88$12,868,238$1,251,212$222,547$6,688,757
89$14,082,790$1,214,513$131,994$7,241,440
90$15,418,139$1,172,928$35,320$7,849,507
91$16,886,508$1,126,121$0$8,518,699
92$18,501,367$1,073,735$0$9,274,897
93$20,277,552$1,015,395$0$10,117,672
94$22,231,414$950,700$0$11,044,642
95$24,380,964$879,231$0$12,064,414
96$26,746,050$800,541$0$13,186,474
97$29,348,539$714,159$0$14,421,282
98$32,212,525$619,588$0$15,780,367
99$35,364,556$516,301$0$17,276,443
100$38,833,885$403,744$0$18,923,522