Can I retire at age 59 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$96,618$95,757$94,917$94,098$93,297$89,560
2 years$47,830$46,940$46,076$45,239$44,427$40,709
3 years$31,570$30,676$29,814$28,985$28,187$24,605
4 years$23,442$22,550$21,697$20,882$20,103$16,684
5 years$18,566$17,679$16,838$16,040$15,282$12,035
6 years$15,316$14,436$13,608$12,827$12,092$9,019
7 years$12,996$12,124$11,308$10,546$9,834$6,934
8 years$11,257$10,392$9,590$8,847$8,158$5,428
9 years$9,905$9,048$8,260$7,535$6,870$4,306
10 years$8,824$7,976$7,201$6,496$5,854$3,450
11 years$7,940$7,100$6,340$5,653$5,035$2,786
12 years$7,204$6,373$5,626$4,958$4,363$2,263
13 years$6,581$5,759$5,027$4,378$3,805$1,847
14 years$6,048$5,235$4,517$3,886$3,335$1,513
15 years$5,587$4,782$4,078$3,466$2,936$1,243
16 years$5,184$4,388$3,697$3,103$2,595$1,024
17 years$4,828$4,041$3,364$2,788$2,301$845
18 years$4,512$3,734$3,071$2,513$2,046$699
19 years$4,230$3,461$2,812$2,270$1,824$579
20 years$3,976$3,216$2,580$2,056$1,629$480
21 years$3,747$2,995$2,373$1,866$1,458$398
22 years$3,539$2,796$2,187$1,697$1,307$330
23 years$3,350$2,615$2,020$1,545$1,173$275
24 years$3,176$2,450$1,868$1,409$1,054$228
25 years$3,016$2,299$1,730$1,287$949$190
26 years$2,869$2,161$1,605$1,177$855$158
27 years$2,734$2,034$1,490$1,077$770$131
28 years$2,608$1,916$1,385$987$695$109
29 years$2,491$1,808$1,289$905$628$91
30 years$2,382$1,707$1,201$831$567$76
31 years$2,280$1,614$1,119$763$513$63
32 years$2,185$1,527$1,044$701$464$53
33 years$2,095$1,446$975$645$420$44
34 years$2,011$1,371$911$593$380$36
35 years$1,933$1,300$852$546$344$30
36 years$1,858$1,234$797$503$312$25
37 years$1,788$1,172$746$463$283$21
38 years$1,722$1,114$698$427$256$18
39 years$1,659$1,059$654$394$232$15
40 years$1,600$1,008$613$363$211$12
41 years$1,543$959$575$335$191$10
42 years$1,490$914$539$309$174$8
43 years$1,439$870$506$286$157$7
44 years$1,390$830$475$264$143$6
45 years$1,344$791$446$243$130$5
46 years$1,300$755$419$225$118$4
47 years$1,258$720$394$208$107$3
48 years$1,218$688$370$192$97$3
49 years$1,179$657$348$177$88$2
50 years$1,142$627$327$164$80$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,170,000, adding $2,536 every year, while hoping to spend $23,350 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: 66/22/12 Blend
58$1,170,000$1,170,000$1,170,000$1,170,000
59$1,291,956$1,229,946$1,211,811$1,373,586
60$1,398,891$1,265,369$1,227,562$1,463,746
61$1,515,951$1,301,745$1,243,059$1,559,267
62$1,644,144$1,339,097$1,258,267$1,663,077
63$1,784,580$1,377,446$1,273,152$1,775,983
64$1,938,482$1,416,815$1,287,677$1,898,877
65$2,107,195$1,457,227$1,301,803$2,032,736
66$2,292,204$1,498,706$1,315,488$2,178,641
67$2,495,140$1,541,274$1,328,689$2,337,780
68$2,717,804$1,584,956$1,341,359$2,511,460
69$2,962,177$1,629,776$1,353,452$2,701,122
70$3,230,441$1,675,757$1,364,914$2,908,354
71$3,525,001$1,722,924$1,375,694$3,134,903
72$3,848,505$1,771,301$1,385,733$3,382,694
73$4,203,871$1,820,914$1,394,974$3,653,848
74$4,594,313$1,871,786$1,403,353$3,950,700
75$5,023,373$1,923,943$1,410,805$4,275,824
76$5,494,950$1,977,409$1,417,260$4,632,053
77$6,013,342$2,032,210$1,422,646$5,022,511
78$6,583,285$2,088,370$1,426,886$5,450,637
79$7,209,994$2,145,914$1,429,901$5,920,221
80$7,899,217$2,204,867$1,431,606$6,435,440
81$8,657,286$2,265,254$1,431,913$7,000,891
82$9,491,176$2,327,099$1,430,730$7,621,645
83$10,408,575$2,390,425$1,427,958$8,303,286
84$11,417,951$2,455,258$1,423,496$9,051,965
85$12,528,637$2,521,620$1,417,238$9,874,463
86$13,750,913$2,589,534$1,409,070$10,778,249
87$15,096,108$2,659,024$1,398,876$11,771,553
88$16,576,705$2,730,110$1,386,533$12,863,444
89$18,206,459$2,802,815$1,371,911$14,063,915
90$20,000,523$2,877,159$1,354,876$15,383,976
91$21,975,597$2,953,161$1,335,285$16,835,760
92$24,150,083$3,030,840$1,312,992$18,432,637
93$26,544,254$3,110,214$1,287,840$20,189,338
94$29,180,453$3,191,300$1,259,668$22,122,096
95$32,083,299$3,274,112$1,228,306$24,248,800
96$35,279,917$3,358,666$1,193,576$26,589,160
97$38,800,200$3,444,972$1,155,292$29,164,899
98$42,677,086$3,533,041$1,113,260$31,999,950
99$46,946,872$3,622,883$1,067,277$35,120,690
100$51,649,553$3,714,504$1,017,131$38,556,185