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%15.6%
1 years$114,785$113,762$112,765$111,791$110,841$108,293
2 years$56,824$55,766$54,740$53,746$52,781$50,229
3 years$37,507$36,444$35,421$34,435$33,487$31,009
4 years$27,850$26,790$25,777$24,809$23,883$21,499
5 years$22,057$21,004$20,004$19,056$18,155$15,872
6 years$18,196$17,151$16,166$15,239$14,366$12,185
7 years$15,440$14,403$13,434$12,529$11,683$9,606
8 years$13,374$12,346$11,393$10,510$9,692$7,717
9 years$11,767$10,750$9,813$8,952$8,162$6,288
10 years$10,483$9,475$8,555$7,717$6,955$5,179
11 years$9,433$8,435$7,532$6,716$5,981$4,303
12 years$8,558$7,571$6,684$5,891$5,183$3,598
13 years$7,819$6,842$5,972$5,201$4,520$3,026
14 years$7,186$6,219$5,366$4,617$3,962$2,556
15 years$6,637$5,681$4,845$4,117$3,489$2,167
16 years$6,158$5,213$4,392$3,687$3,083$1,842
17 years$5,736$4,801$3,997$3,312$2,734$1,571
18 years$5,361$4,436$3,649$2,985$2,431$1,342
19 years$5,025$4,111$3,340$2,697$2,167$1,148
20 years$4,724$3,820$3,065$2,443$1,935$984
21 years$4,452$3,559$2,820$2,217$1,732$845
22 years$4,205$3,322$2,599$2,016$1,552$726
23 years$3,979$3,107$2,399$1,836$1,393$624
24 years$3,773$2,911$2,219$1,674$1,252$537
25 years$3,584$2,732$2,055$1,529$1,127$463
26 years$3,409$2,567$1,906$1,398$1,015$399
27 years$3,248$2,416$1,770$1,280$915$344
28 years$3,098$2,277$1,646$1,173$826$297
29 years$2,959$2,148$1,531$1,075$746$256
30 years$2,829$2,028$1,426$987$674$221
31 years$2,709$1,918$1,330$906$609$191
32 years$2,595$1,814$1,241$833$551$165
33 years$2,489$1,718$1,158$766$499$142
34 years$2,390$1,628$1,082$705$452$123
35 years$2,296$1,545$1,012$649$409$106
36 years$2,208$1,466$947$597$371$92
37 years$2,124$1,392$886$551$336$79
38 years$2,046$1,323$830$507$304$69
39 years$1,971$1,258$777$468$276$59
40 years$1,900$1,197$729$432$250$51
41 years$1,833$1,140$683$398$227$44
42 years$1,770$1,085$641$367$206$38
43 years$1,709$1,034$601$339$187$33
44 years$1,652$986$565$313$170$29
45 years$1,597$940$530$289$154$25
46 years$1,544$897$498$267$140$21
47 years$1,494$856$468$247$127$19
48 years$1,447$817$440$228$115$16
49 years$1,401$780$413$211$105$14
50 years$1,357$745$388$195$95$12

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 $2,807 every year, while hoping to spend $34,619 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: 74/14/12 Blend
58$1,390,000$1,390,000$1,390,000$1,390,000
59$1,534,675$1,461,005$1,439,460$1,644,332
60$1,654,378$1,495,760$1,450,848$1,751,895
61$1,785,130$1,531,058$1,461,457$1,865,120
62$1,928,022$1,566,888$1,471,224$1,988,222
63$2,084,254$1,603,240$1,480,084$2,122,170
64$2,255,148$1,640,099$1,487,968$2,268,032
65$2,442,161$1,677,451$1,494,802$2,426,983
66$2,646,893$1,715,278$1,500,510$2,600,319
67$2,871,111$1,753,562$1,505,011$2,789,465
68$3,116,757$1,792,279$1,508,222$2,995,994
69$3,385,972$1,831,407$1,510,053$3,221,635
70$3,681,113$1,870,918$1,510,412$3,468,296
71$4,004,777$1,910,783$1,509,201$3,738,078
72$4,359,822$1,950,969$1,506,317$4,033,296
73$4,749,398$1,991,441$1,501,653$4,356,498
74$5,176,975$2,032,159$1,495,096$4,710,495
75$5,646,373$2,073,082$1,486,529$5,098,382
76$6,161,802$2,114,162$1,475,827$5,523,569
77$6,727,900$2,155,350$1,462,861$5,989,816
78$7,349,773$2,196,589$1,447,494$6,501,262
79$8,033,050$2,237,822$1,429,585$7,062,470
80$8,783,929$2,278,984$1,408,985$7,678,468
81$9,609,241$2,320,005$1,385,536$8,354,795
82$10,516,509$2,360,811$1,359,077$9,097,558
83$11,514,023$2,401,320$1,329,436$9,913,482
84$12,610,915$2,441,447$1,296,434$10,809,980
85$13,817,248$2,481,097$1,259,885$11,795,222
86$15,144,108$2,520,171$1,219,591$12,878,208
87$16,603,708$2,558,561$1,175,349$14,068,858
88$18,209,507$2,596,151$1,126,944$15,378,104
89$19,976,333$2,632,819$1,074,152$16,817,991
90$21,920,522$2,668,430$1,016,740$18,401,795
91$24,060,077$2,702,845$954,462$20,144,144
92$26,414,832$2,735,911$887,064$22,061,159
93$29,006,642$2,767,468$814,277$24,170,605
94$31,859,587$2,797,342$735,823$26,492,061
95$35,000,202$2,825,349$651,411$29,047,102
96$38,457,725$2,851,293$560,735$31,859,504
97$42,264,371$2,874,964$463,477$34,955,468
98$46,455,640$2,896,140$359,307$38,363,870
99$51,070,647$2,914,584$247,876$42,116,531
100$56,152,496$2,930,041$128,823$46,248,519