Can I retire at age 59 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$115,611$114,581$113,576$112,596$111,638$108,895
2 years$57,233$56,167$55,134$54,132$53,161$50,414
3 years$37,776$36,706$35,675$34,683$33,727$31,063
4 years$28,050$26,983$25,963$24,987$24,055$21,493
5 years$22,216$21,155$20,148$19,193$18,286$15,834
6 years$18,327$17,274$16,283$15,349$14,469$12,130
7 years$15,551$14,507$13,531$12,619$11,767$9,541
8 years$13,470$12,435$11,475$10,586$9,762$7,647
9 years$11,852$10,827$9,884$9,017$8,221$6,216
10 years$10,558$9,544$8,617$7,772$7,005$5,107
11 years$9,501$8,496$7,586$6,764$6,024$4,232
12 years$8,620$7,626$6,732$5,933$5,221$3,530
13 years$7,875$6,891$6,015$5,238$4,552$2,960
14 years$7,237$6,264$5,405$4,650$3,991$2,493
15 years$6,685$5,722$4,880$4,147$3,514$2,108
16 years$6,203$5,250$4,424$3,713$3,105$1,787
17 years$5,777$4,835$4,026$3,336$2,753$1,519
18 years$5,399$4,468$3,675$3,007$2,448$1,294
19 years$5,062$4,141$3,364$2,717$2,182$1,104
20 years$4,758$3,848$3,088$2,460$1,949$944
21 years$4,484$3,584$2,840$2,233$1,744$808
22 years$4,235$3,346$2,617$2,030$1,563$692
23 years$4,008$3,129$2,417$1,849$1,403$593
24 years$3,800$2,932$2,235$1,686$1,261$509
25 years$3,609$2,751$2,070$1,540$1,135$437
26 years$3,434$2,586$1,920$1,408$1,022$375
27 years$3,271$2,434$1,783$1,289$922$323
28 years$3,120$2,293$1,657$1,181$832$277
29 years$2,980$2,163$1,542$1,083$751$239
30 years$2,850$2,043$1,437$994$679$205
31 years$2,728$1,931$1,339$913$614$177
32 years$2,614$1,827$1,250$839$555$152
33 years$2,507$1,731$1,167$771$502$131
34 years$2,407$1,640$1,090$710$455$113
35 years$2,312$1,556$1,019$653$412$97
36 years$2,224$1,477$953$602$373$84
37 years$2,140$1,402$892$554$338$72
38 years$2,060$1,333$836$511$307$62
39 years$1,985$1,267$783$471$278$54
40 years$1,914$1,206$734$435$252$46
41 years$1,847$1,148$688$401$229$40
42 years$1,782$1,093$646$370$208$34
43 years$1,721$1,042$606$342$188$30
44 years$1,663$993$569$315$171$25
45 years$1,608$947$534$291$155$22
46 years$1,555$903$501$269$141$19
47 years$1,505$862$471$249$128$16
48 years$1,457$823$443$230$116$14
49 years$1,411$786$416$212$106$12
50 years$1,367$751$391$196$96$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,400,000, adding $5,539 every year, while hoping to spend $28,722 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: 42/46/12 Blend
58$1,400,000$1,400,000$1,400,000$1,400,000
59$1,548,513$1,474,313$1,452,613$1,607,886
60$1,675,902$1,515,995$1,470,716$1,691,722
61$1,815,321$1,558,756$1,488,462$1,779,152
62$1,967,968$1,602,619$1,505,810$1,873,190
63$2,135,161$1,647,608$1,522,715$1,974,450
64$2,318,351$1,693,744$1,539,130$2,083,609
65$2,519,137$1,741,052$1,555,004$2,201,413
66$2,739,279$1,789,553$1,570,287$2,328,680
67$2,980,716$1,839,271$1,584,922$2,466,314
68$3,245,583$1,890,230$1,598,851$2,615,305
69$3,536,233$1,942,452$1,612,013$2,776,746
70$3,855,256$1,995,960$1,624,343$2,951,840
71$4,205,508$2,050,777$1,635,774$3,141,911
72$4,590,131$2,106,926$1,646,233$3,348,415
73$5,012,589$2,164,430$1,655,647$3,572,958
74$5,476,697$2,223,311$1,663,935$3,817,306
75$5,986,657$2,283,591$1,671,014$4,083,405
76$6,547,102$2,345,292$1,676,798$4,373,398
77$7,163,130$2,408,435$1,681,195$4,689,644
78$7,840,362$2,473,041$1,684,108$5,034,744
79$8,584,989$2,539,131$1,685,436$5,411,560
80$9,403,833$2,606,724$1,685,073$5,823,245
81$10,304,410$2,675,838$1,682,909$6,273,274
82$11,294,998$2,746,493$1,678,825$6,765,474
83$12,384,722$2,818,706$1,672,700$7,304,060
84$13,583,634$2,892,492$1,664,405$7,893,676
85$14,902,808$2,967,868$1,653,806$8,539,441
86$16,354,448$3,044,846$1,640,762$9,246,990
87$17,951,998$3,123,441$1,625,124$10,022,536
88$19,710,275$3,203,663$1,606,739$10,872,921
89$21,645,602$3,285,521$1,585,444$11,805,686
90$23,775,967$3,369,025$1,561,069$12,829,139
91$26,121,187$3,454,179$1,533,437$13,952,434
92$28,703,102$3,540,988$1,502,361$15,185,657
93$31,545,776$3,629,453$1,467,648$16,539,923
94$34,675,724$3,719,575$1,429,092$18,027,479
95$38,122,162$3,811,349$1,386,482$19,661,821
96$41,917,288$3,904,770$1,339,594$21,457,819
97$46,096,576$3,999,828$1,288,195$23,431,860
98$50,699,119$4,096,512$1,232,041$25,602,001
99$55,767,993$4,194,805$1,170,879$27,988,140
100$61,350,665$4,294,687$1,104,440$30,612,206