Can I retire at age 59 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$94,140$93,302$92,483$91,685$90,905$88,031
2 years$46,604$45,736$44,895$44,079$43,288$40,418
3 years$30,761$29,889$29,050$28,242$27,464$24,688
4 years$22,841$21,972$21,141$20,347$19,587$16,928
5 years$18,090$17,226$16,406$15,628$14,890$12,353
6 years$14,924$14,066$13,259$12,498$11,782$9,370
7 years$12,663$11,813$11,018$10,275$9,582$7,295
8 years$10,968$10,126$9,344$8,620$7,949$5,786
9 years$9,651$8,816$8,048$7,342$6,694$4,652
10 years$8,597$7,771$7,017$6,329$5,704$3,780
11 years$7,736$6,918$6,177$5,508$4,906$3,096
12 years$7,019$6,209$5,482$4,831$4,251$2,552
13 years$6,413$5,612$4,898$4,265$3,707$2,114
14 years$5,893$5,101$4,401$3,786$3,250$1,759
15 years$5,444$4,660$3,973$3,377$2,861$1,468
16 years$5,051$4,275$3,602$3,023$2,529$1,229
17 years$4,704$3,937$3,278$2,717$2,242$1,031
18 years$4,397$3,638$2,992$2,448$1,994$867
19 years$4,122$3,372$2,739$2,212$1,777$730
20 years$3,874$3,133$2,514$2,004$1,587$615
21 years$3,651$2,918$2,313$1,818$1,420$519
22 years$3,448$2,724$2,131$1,653$1,273$438
23 years$3,264$2,548$1,968$1,506$1,143$371
24 years$3,094$2,387$1,820$1,373$1,027$313
25 years$2,939$2,240$1,686$1,254$924$265
26 years$2,796$2,106$1,563$1,147$833$225
27 years$2,664$1,982$1,452$1,050$751$190
28 years$2,541$1,867$1,350$962$677$161
29 years$2,427$1,762$1,256$882$612$137
30 years$2,321$1,664$1,170$809$553$116
31 years$2,221$1,573$1,091$743$500$98
32 years$2,129$1,488$1,018$683$452$83
33 years$2,042$1,409$950$628$409$71
34 years$1,960$1,336$888$578$370$60
35 years$1,883$1,267$830$532$335$51
36 years$1,811$1,202$776$490$304$43
37 years$1,742$1,142$727$451$275$37
38 years$1,678$1,085$681$416$250$31
39 years$1,616$1,032$638$384$226$26
40 years$1,559$982$598$354$205$22
41 years$1,504$935$560$327$186$19
42 years$1,451$890$526$301$169$16
43 years$1,402$848$493$278$153$14
44 years$1,354$808$463$257$139$12
45 years$1,309$771$435$237$126$10
46 years$1,267$735$408$219$115$8
47 years$1,226$702$384$202$104$7
48 years$1,186$670$360$187$95$6
49 years$1,149$640$339$173$86$5
50 years$1,113$611$319$160$78$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,140,000, adding $3,148 every year, while hoping to spend $24,606 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: 62/24/14 Blend
58$1,140,000$1,140,000$1,140,000$1,140,000
59$1,259,527$1,199,107$1,181,437$1,333,130
60$1,361,818$1,231,683$1,194,835$1,415,504
61$1,473,719$1,265,030$1,207,856$1,502,304
62$1,596,182$1,299,161$1,220,464$1,596,461
63$1,730,259$1,334,086$1,232,616$1,698,689
64$1,877,107$1,369,818$1,244,270$1,809,775
65$2,038,000$1,406,367$1,255,381$1,930,587
66$2,214,341$1,443,743$1,265,901$2,062,079
67$2,407,675$1,481,958$1,275,780$2,205,302
68$2,619,704$1,521,021$1,284,966$2,361,415
69$2,852,304$1,560,941$1,293,402$2,531,691
70$3,107,539$1,601,727$1,301,030$2,717,537
71$3,387,683$1,643,387$1,307,790$2,920,498
72$3,695,242$1,685,928$1,313,616$3,142,280
73$4,032,975$1,729,357$1,318,441$3,384,760
74$4,403,923$1,773,680$1,322,193$3,650,007
75$4,811,435$1,818,901$1,324,798$3,940,298
76$5,259,199$1,865,026$1,326,177$4,258,145
77$5,751,281$1,912,056$1,326,247$4,606,314
78$6,292,158$1,959,993$1,324,923$4,987,851
79$6,886,763$2,008,837$1,322,113$5,406,114
80$7,540,531$2,058,589$1,317,722$5,864,804
81$8,259,451$2,109,245$1,311,651$6,367,995
82$9,050,118$2,160,801$1,303,795$6,920,180
83$9,919,802$2,213,252$1,294,043$7,526,306
84$10,876,510$2,266,590$1,282,283$8,191,829
85$11,929,067$2,320,806$1,268,392$8,922,755
86$13,087,193$2,375,887$1,252,245$9,725,707
87$14,361,602$2,431,820$1,233,710$10,607,982
88$15,764,095$2,488,589$1,212,649$11,577,617
89$17,307,677$2,546,174$1,188,917$12,643,475
90$19,006,677$2,604,554$1,162,362$13,815,317
91$20,876,884$2,663,703$1,132,828$15,103,902
92$22,935,695$2,723,593$1,100,146$16,521,085
93$25,202,280$2,784,194$1,064,145$18,079,932
94$27,697,762$2,845,468$1,024,644$19,794,839
95$30,445,416$2,907,378$981,451$21,681,671
96$33,470,889$2,969,880$934,370$23,757,913
97$36,802,441$3,032,926$883,193$26,042,831
98$40,471,213$3,096,462$827,703$28,557,657
99$44,511,520$3,160,433$767,675$31,325,790
100$48,961,174$3,224,773$702,871$34,373,014