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%13%
1 years$96,618$95,757$94,917$94,098$93,297$92,132
2 years$47,830$46,940$46,076$45,239$44,427$43,254
3 years$31,570$30,676$29,814$28,985$28,187$27,043
4 years$23,442$22,550$21,697$20,882$20,103$18,997
5 years$18,566$17,679$16,838$16,040$15,282$14,217
6 years$15,316$14,436$13,608$12,827$12,092$11,070
7 years$12,996$12,124$11,308$10,546$9,834$8,855
8 years$11,257$10,392$9,590$8,847$8,158$7,222
9 years$9,905$9,048$8,260$7,535$6,870$5,976
10 years$8,824$7,976$7,201$6,496$5,854$5,002
11 years$7,940$7,100$6,340$5,653$5,035$4,223
12 years$7,204$6,373$5,626$4,958$4,363$3,592
13 years$6,581$5,759$5,027$4,378$3,805$3,073
14 years$6,048$5,235$4,517$3,886$3,335$2,641
15 years$5,587$4,782$4,078$3,466$2,936$2,279
16 years$5,184$4,388$3,697$3,103$2,595$1,974
17 years$4,828$4,041$3,364$2,788$2,301$1,714
18 years$4,512$3,734$3,071$2,513$2,046$1,493
19 years$4,230$3,461$2,812$2,270$1,824$1,302
20 years$3,976$3,216$2,580$2,056$1,629$1,138
21 years$3,747$2,995$2,373$1,866$1,458$996
22 years$3,539$2,796$2,187$1,697$1,307$873
23 years$3,350$2,615$2,020$1,545$1,173$766
24 years$3,176$2,450$1,868$1,409$1,054$673
25 years$3,016$2,299$1,730$1,287$949$592
26 years$2,869$2,161$1,605$1,177$855$521
27 years$2,734$2,034$1,490$1,077$770$459
28 years$2,608$1,916$1,385$987$695$404
29 years$2,491$1,808$1,289$905$628$356
30 years$2,382$1,707$1,201$831$567$314
31 years$2,280$1,614$1,119$763$513$277
32 years$2,185$1,527$1,044$701$464$245
33 years$2,095$1,446$975$645$420$216
34 years$2,011$1,371$911$593$380$191
35 years$1,933$1,300$852$546$344$169
36 years$1,858$1,234$797$503$312$149
37 years$1,788$1,172$746$463$283$132
38 years$1,722$1,114$698$427$256$116
39 years$1,659$1,059$654$394$232$103
40 years$1,600$1,008$613$363$211$91
41 years$1,543$959$575$335$191$80
42 years$1,490$914$539$309$174$71
43 years$1,439$870$506$286$157$63
44 years$1,390$830$475$264$143$56
45 years$1,344$791$446$243$130$49
46 years$1,300$755$419$225$118$43
47 years$1,258$720$394$208$107$38
48 years$1,218$688$370$192$97$34
49 years$1,179$657$348$177$88$30
50 years$1,142$627$327$164$80$27

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 $3,852 every year, while hoping to spend $46,123 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: 75/18/7 Blend
58$1,170,000$1,170,000$1,170,000$1,170,000
59$1,293,313$1,231,303$1,213,168$1,388,837
60$1,376,157$1,242,563$1,204,735$1,463,473
61$1,465,904$1,252,828$1,194,473$1,538,981
62$1,563,212$1,262,002$1,182,273$1,620,395
63$1,668,800$1,269,980$1,168,020$1,708,283
64$1,783,461$1,276,653$1,151,592$1,803,270
65$1,908,068$1,281,902$1,132,864$1,906,048
66$2,043,579$1,285,604$1,111,704$2,017,374
67$2,191,051$1,287,625$1,087,972$2,138,088
68$2,351,644$1,287,825$1,061,525$2,269,111
69$2,526,636$1,286,053$1,032,211$2,411,460
70$2,717,435$1,282,151$999,871$2,566,257
71$2,925,586$1,275,950$964,340$2,734,738
72$3,152,795$1,267,270$925,445$2,918,264
73$3,400,936$1,255,922$883,003$3,118,336
74$3,672,074$1,241,705$836,826$3,336,609
75$3,968,482$1,224,405$786,716$3,574,908
76$4,292,661$1,203,795$732,466$3,835,242
77$4,647,368$1,179,637$673,859$4,119,828
78$5,035,637$1,151,676$610,670$4,431,110
79$5,460,807$1,119,643$542,662$4,771,782
80$5,926,557$1,083,254$469,590$5,144,811
81$6,436,940$1,042,207$391,195$5,553,473
82$6,996,417$996,184$307,209$6,001,374
83$7,609,902$944,848$217,351$6,492,494
84$8,282,808$887,841$121,328$7,031,216
85$9,021,096$824,787$18,834$7,622,376
86$9,831,333$755,287$0$8,271,302
87$10,720,752$678,919$0$8,990,632
88$11,697,320$595,237$0$9,782,019
89$12,769,814$503,772$0$10,651,222
90$13,947,903$404,024$0$11,606,136
91$15,242,237$295,470$0$12,655,466
92$16,664,551$177,553$0$13,808,805
93$18,227,769$49,687$0$15,076,726
94$19,946,135$0$0$16,470,882
95$21,835,336$0$0$18,021,695
96$23,912,659$0$0$19,737,808
97$26,197,147$0$0$21,625,118
98$28,709,783$0$0$23,700,967
99$31,473,685$0$0$25,984,460
100$34,514,323$0$0$28,496,648