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%11.7%
1 years$114,785$113,762$112,765$111,791$110,841$110,050
2 years$56,824$55,766$54,740$53,746$52,781$51,984
3 years$37,507$36,444$35,421$34,435$33,487$32,707
4 years$27,850$26,790$25,777$24,809$23,883$23,128
5 years$22,057$21,004$20,004$19,056$18,155$17,426
6 years$18,196$17,151$16,166$15,239$14,366$13,664
7 years$15,440$14,403$13,434$12,529$11,683$11,009
8 years$13,374$12,346$11,393$10,510$9,692$9,046
9 years$11,767$10,750$9,813$8,952$8,162$7,543
10 years$10,483$9,475$8,555$7,717$6,955$6,363
11 years$9,433$8,435$7,532$6,716$5,981$5,416
12 years$8,558$7,571$6,684$5,891$5,183$4,644
13 years$7,819$6,842$5,972$5,201$4,520$4,006
14 years$7,186$6,219$5,366$4,617$3,962$3,473
15 years$6,637$5,681$4,845$4,117$3,489$3,024
16 years$6,158$5,213$4,392$3,687$3,083$2,642
17 years$5,736$4,801$3,997$3,312$2,734$2,316
18 years$5,361$4,436$3,649$2,985$2,431$2,035
19 years$5,025$4,111$3,340$2,697$2,167$1,792
20 years$4,724$3,820$3,065$2,443$1,935$1,581
21 years$4,452$3,559$2,820$2,217$1,732$1,398
22 years$4,205$3,322$2,599$2,016$1,552$1,237
23 years$3,979$3,107$2,399$1,836$1,393$1,097
24 years$3,773$2,911$2,219$1,674$1,252$973
25 years$3,584$2,732$2,055$1,529$1,127$864
26 years$3,409$2,567$1,906$1,398$1,015$768
27 years$3,248$2,416$1,770$1,280$915$684
28 years$3,098$2,277$1,646$1,173$826$609
29 years$2,959$2,148$1,531$1,075$746$542
30 years$2,829$2,028$1,426$987$674$483
31 years$2,709$1,918$1,330$906$609$431
32 years$2,595$1,814$1,241$833$551$384
33 years$2,489$1,718$1,158$766$499$343
34 years$2,390$1,628$1,082$705$452$306
35 years$2,296$1,545$1,012$649$409$274
36 years$2,208$1,466$947$597$371$244
37 years$2,124$1,392$886$551$336$218
38 years$2,046$1,323$830$507$304$195
39 years$1,971$1,258$777$468$276$174
40 years$1,900$1,197$729$432$250$156
41 years$1,833$1,140$683$398$227$139
42 years$1,770$1,085$641$367$206$125
43 years$1,709$1,034$601$339$187$111
44 years$1,652$986$565$313$170$100
45 years$1,597$940$530$289$154$89
46 years$1,544$897$498$267$140$80
47 years$1,494$856$468$247$127$71
48 years$1,447$817$440$228$115$64
49 years$1,401$780$413$211$105$57
50 years$1,357$745$388$195$95$51

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 $2,098 every year, while hoping to spend $48,707 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: 57/18/25 Blend
58$1,390,000$1,390,000$1,390,000$1,390,000
59$1,533,944$1,460,274$1,438,729$1,610,829
60$1,638,583$1,480,004$1,435,103$1,683,412
61$1,752,262$1,499,068$1,429,722$1,757,151
62$1,875,852$1,517,382$1,422,478$1,836,496
63$2,010,312$1,534,856$1,413,254$1,922,003
64$2,156,695$1,551,395$1,401,929$2,014,284
65$2,316,161$1,566,897$1,388,377$2,114,016
66$2,489,986$1,581,252$1,372,464$2,221,945
67$2,679,576$1,594,344$1,354,052$2,338,897
68$2,886,475$1,606,049$1,332,995$2,465,781
69$3,112,385$1,616,235$1,309,141$2,603,602
70$3,359,181$1,624,763$1,282,329$2,753,469
71$3,628,923$1,631,483$1,252,393$2,916,607
72$3,923,883$1,636,235$1,219,158$3,094,366
73$4,246,561$1,638,852$1,182,442$3,288,239
74$4,599,708$1,639,154$1,142,052$3,499,870
75$4,986,357$1,636,951$1,097,789$3,731,077
76$5,409,844$1,632,040$1,049,444$3,983,864
77$5,873,845$1,624,208$996,797$4,260,442
78$6,382,409$1,613,226$939,622$4,563,254
79$6,939,994$1,598,853$877,678$4,894,991
80$7,551,509$1,580,833$810,716$5,258,626
81$8,222,364$1,558,894$738,476$5,657,438
82$8,958,515$1,532,749$660,684$6,095,044
83$9,766,523$1,502,094$577,057$6,575,434
84$10,653,617$1,466,605$487,297$7,103,011
85$11,627,758$1,425,940$391,093$7,682,632
86$12,697,716$1,379,739$288,122$8,319,654
87$13,873,154$1,327,617$178,046$9,019,986
88$15,164,716$1,269,170$60,510$9,790,147
89$16,584,126$1,203,969$0$10,637,327
90$18,144,303$1,131,560$0$11,586,772
91$19,859,480$1,051,463$0$12,648,261
92$21,745,334$963,173$0$13,815,389
93$23,819,142$866,152$0$15,098,905
94$26,099,935$759,834$0$16,510,656
95$28,608,684$643,621$0$18,063,701
96$31,368,491$516,880$0$19,772,430
97$34,404,813$378,943$0$21,652,707
98$37,745,696$229,104$0$23,722,016
99$41,422,045$66,618$0$25,999,626
100$45,467,910$0$0$28,506,777