Can I retire at age 59 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$114,785$113,762$112,765$111,791$110,841$106,738
2 years$56,824$55,766$54,740$53,746$52,781$48,694
3 years$37,507$36,444$35,421$34,435$33,487$29,544
4 years$27,850$26,790$25,777$24,809$23,883$20,114
5 years$22,057$21,004$20,004$19,056$18,155$14,571
6 years$18,196$17,151$16,166$15,239$14,366$10,968
7 years$15,440$14,403$13,434$12,529$11,683$8,471
8 years$13,374$12,346$11,393$10,510$9,692$6,663
9 years$11,767$10,750$9,813$8,952$8,162$5,312
10 years$10,483$9,475$8,555$7,717$6,955$4,277
11 years$9,433$8,435$7,532$6,716$5,981$3,472
12 years$8,558$7,571$6,684$5,891$5,183$2,835
13 years$7,819$6,842$5,972$5,201$4,520$2,327
14 years$7,186$6,219$5,366$4,617$3,962$1,917
15 years$6,637$5,681$4,845$4,117$3,489$1,584
16 years$6,158$5,213$4,392$3,687$3,083$1,313
17 years$5,736$4,801$3,997$3,312$2,734$1,090
18 years$5,361$4,436$3,649$2,985$2,431$907
19 years$5,025$4,111$3,340$2,697$2,167$755
20 years$4,724$3,820$3,065$2,443$1,935$630
21 years$4,452$3,559$2,820$2,217$1,732$526
22 years$4,205$3,322$2,599$2,016$1,552$439
23 years$3,979$3,107$2,399$1,836$1,393$367
24 years$3,773$2,911$2,219$1,674$1,252$307
25 years$3,584$2,732$2,055$1,529$1,127$257
26 years$3,409$2,567$1,906$1,398$1,015$215
27 years$3,248$2,416$1,770$1,280$915$180
28 years$3,098$2,277$1,646$1,173$826$151
29 years$2,959$2,148$1,531$1,075$746$127
30 years$2,829$2,028$1,426$987$674$106
31 years$2,709$1,918$1,330$906$609$89
32 years$2,595$1,814$1,241$833$551$75
33 years$2,489$1,718$1,158$766$499$62
34 years$2,390$1,628$1,082$705$452$52
35 years$2,296$1,545$1,012$649$409$44
36 years$2,208$1,466$947$597$371$37
37 years$2,124$1,392$886$551$336$31
38 years$2,046$1,323$830$507$304$26
39 years$1,971$1,258$777$468$276$22
40 years$1,900$1,197$729$432$250$18
41 years$1,833$1,140$683$398$227$15
42 years$1,770$1,085$641$367$206$13
43 years$1,709$1,034$601$339$187$11
44 years$1,652$986$565$313$170$9
45 years$1,597$940$530$289$154$8
46 years$1,544$897$498$267$140$6
47 years$1,494$856$468$247$127$5
48 years$1,447$817$440$228$115$4
49 years$1,401$780$413$211$105$4
50 years$1,357$745$388$195$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,390,000, adding $2,209 every year, while hoping to spend $24,919 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: 61/28/11 Blend
58$1,390,000$1,390,000$1,390,000$1,390,000
59$1,534,059$1,460,389$1,438,844$1,623,564
60$1,664,019$1,505,434$1,460,531$1,728,915
61$1,806,400$1,551,851$1,482,110$1,840,779
62$1,962,443$1,599,682$1,503,551$1,962,229
63$2,133,513$1,648,967$1,524,821$2,094,191
64$2,321,116$1,699,751$1,545,887$2,237,685
65$2,526,908$1,752,078$1,566,713$2,393,836
66$2,752,717$1,805,994$1,587,261$2,563,878
67$3,000,552$1,861,545$1,607,492$2,749,175
68$3,272,628$1,918,781$1,627,363$2,951,223
69$3,571,386$1,977,751$1,646,830$3,171,672
70$3,899,512$2,038,506$1,665,844$3,412,341
71$4,259,969$2,101,100$1,684,357$3,675,227
72$4,656,018$2,165,585$1,702,315$3,962,535
73$5,091,252$2,232,019$1,719,662$4,276,690
74$5,569,630$2,300,459$1,736,341$4,620,363
75$6,095,514$2,370,962$1,752,290$4,996,496
76$6,673,707$2,443,590$1,767,443$5,408,330
77$7,309,505$2,518,406$1,781,731$5,859,434
78$8,008,739$2,595,472$1,795,084$6,353,740
79$8,777,835$2,674,855$1,807,424$6,895,577
80$9,623,873$2,756,622$1,818,672$7,489,716
81$10,554,655$2,840,843$1,828,743$8,141,412
82$11,578,774$2,927,588$1,837,551$8,856,453
83$12,705,701$3,016,932$1,845,001$9,641,217
84$13,945,870$3,108,949$1,850,996$10,502,728
85$15,310,778$3,203,717$1,855,434$11,448,726
86$16,813,093$3,301,316$1,858,207$12,487,739
87$18,466,774$3,401,826$1,859,202$13,629,160
88$20,287,201$3,505,331$1,858,301$14,883,340
89$22,291,321$3,611,918$1,855,380$16,261,683
90$24,497,809$3,721,674$1,850,308$17,776,752
91$26,927,240$3,834,691$1,842,948$19,442,392
92$29,602,289$3,951,062$1,833,158$21,273,855
93$32,547,940$4,070,881$1,820,786$23,287,947
94$35,791,723$4,194,248$1,805,675$25,503,185
95$39,363,975$4,321,262$1,787,661$27,939,974
96$43,298,124$4,452,027$1,766,571$30,620,794
97$47,631,004$4,586,648$1,742,224$33,570,420
98$52,403,208$4,725,235$1,714,429$36,816,146
99$57,659,462$4,867,899$1,682,990$40,388,050
100$63,449,055$5,014,754$1,647,697$44,319,275