Can I retire at age 59 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$94,966$94,120$93,295$92,489$91,703$90,783
2 years$47,013$46,137$45,289$44,466$43,668$42,741
3 years$31,031$30,151$29,305$28,490$27,705$26,800
4 years$23,041$22,164$21,326$20,525$19,759$18,884
5 years$18,248$17,377$16,550$15,765$15,021$14,177
6 years$15,055$14,190$13,375$12,608$11,885$11,074
7 years$12,774$11,916$11,115$10,365$9,666$8,888
8 years$11,064$10,215$9,426$8,695$8,019$7,274
9 years$9,735$8,894$8,119$7,407$6,753$6,041
10 years$8,673$7,839$7,078$6,384$5,754$5,074
11 years$7,804$6,979$6,231$5,556$4,949$4,300
12 years$7,081$6,264$5,530$4,874$4,288$3,671
13 years$6,469$5,661$4,941$4,303$3,739$3,153
14 years$5,945$5,145$4,439$3,820$3,278$2,721
15 years$5,491$4,700$4,008$3,406$2,886$2,358
16 years$5,095$4,313$3,634$3,050$2,551$2,050
17 years$4,745$3,972$3,307$2,740$2,262$1,788
18 years$4,435$3,670$3,019$2,470$2,011$1,564
19 years$4,158$3,401$2,763$2,232$1,792$1,370
20 years$3,908$3,161$2,536$2,021$1,601$1,203
21 years$3,683$2,944$2,333$1,834$1,433$1,058
22 years$3,479$2,748$2,150$1,668$1,284$931
23 years$3,292$2,570$1,985$1,519$1,153$821
24 years$3,122$2,408$1,836$1,385$1,036$725
25 years$2,965$2,260$1,700$1,265$932$640
26 years$2,820$2,124$1,577$1,157$840$566
27 years$2,687$1,999$1,464$1,059$757$501
28 years$2,563$1,884$1,361$970$683$443
29 years$2,448$1,777$1,267$890$617$393
30 years$2,341$1,678$1,180$816$557$348
31 years$2,241$1,586$1,100$750$504$309
32 years$2,147$1,501$1,026$689$456$274
33 years$2,059$1,422$958$634$413$243
34 years$1,977$1,347$895$583$374$216
35 years$1,900$1,278$837$537$338$191
36 years$1,826$1,213$783$494$307$170
37 years$1,758$1,152$733$455$278$151
38 years$1,692$1,095$686$420$252$134
39 years$1,631$1,041$643$387$228$119
40 years$1,572$990$603$357$207$106
41 years$1,517$943$565$329$188$94
42 years$1,464$898$530$304$171$84
43 years$1,414$856$498$281$155$74
44 years$1,366$816$467$259$141$66
45 years$1,321$778$439$239$128$59
46 years$1,278$742$412$221$116$52
47 years$1,236$708$387$204$105$46
48 years$1,197$676$364$189$96$41
49 years$1,159$645$342$174$87$37
50 years$1,123$617$321$161$79$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,150,000, adding $5,055 every year, while hoping to spend $40,697 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: 54/39/7 Blend
58$1,150,000$1,150,000$1,150,000$1,150,000
59$1,272,514$1,211,564$1,193,739$1,338,873
60$1,359,009$1,227,630$1,190,428$1,400,390
61$1,452,963$1,243,118$1,185,642$1,462,395
62$1,555,093$1,257,959$1,179,289$1,528,890
63$1,666,189$1,272,075$1,171,272$1,600,307
64$1,787,120$1,285,386$1,161,489$1,677,123
65$1,918,841$1,297,806$1,149,834$1,759,864
66$2,062,406$1,309,241$1,136,196$1,849,110
67$2,218,971$1,319,593$1,120,458$1,945,501
68$2,389,811$1,328,758$1,102,498$2,049,744
69$2,576,328$1,336,624$1,082,189$2,162,620
70$2,780,067$1,343,072$1,059,396$2,284,988
71$3,002,728$1,347,976$1,033,979$2,417,799
72$3,246,181$1,351,202$1,005,793$2,562,100
73$3,512,488$1,352,607$974,683$2,719,050
74$3,803,916$1,352,040$940,490$2,889,923
75$4,122,965$1,349,339$903,045$3,076,130
76$4,472,385$1,344,334$862,175$3,279,225
77$4,855,205$1,336,843$817,694$3,500,922
78$5,274,762$1,326,674$769,413$3,743,116
79$5,734,729$1,313,624$717,130$4,007,894
80$6,239,155$1,297,475$660,638$4,297,563
81$6,792,496$1,277,998$599,716$4,614,663
82$7,399,662$1,254,951$534,138$4,962,003
83$8,066,060$1,228,076$463,664$5,342,676
84$8,797,646$1,197,100$388,045$5,760,099
85$9,600,984$1,161,736$307,022$6,218,039
86$10,483,300$1,121,677$220,323$6,720,653
87$11,452,558$1,076,600$127,665$7,272,528
88$12,517,528$1,026,163$28,751$7,878,722
89$13,687,875$970,004$0$8,544,815
90$14,974,244$907,740$0$9,282,699
91$16,388,365$838,967$0$10,096,093
92$17,943,159$763,257$0$10,990,360
93$19,652,861$680,157$0$11,973,788
94$21,533,158$589,189$0$13,055,515
95$23,601,329$489,849$0$14,245,618
96$25,876,415$381,602$0$15,555,209
97$28,379,395$263,885$0$16,996,540
98$31,133,381$136,104$0$18,583,123
99$34,163,841$0$0$20,329,856
100$37,498,836$0$0$22,254,184