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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$115,611$114,581$113,576$112,596$111,638$110,106
2 years$57,233$56,167$55,134$54,132$53,161$51,620
3 years$37,776$36,706$35,675$34,683$33,727$32,226
4 years$28,050$26,983$25,963$24,987$24,055$22,604
5 years$22,216$21,155$20,148$19,193$18,286$16,890
6 years$18,327$17,274$16,283$15,349$14,469$13,130
7 years$15,551$14,507$13,531$12,619$11,767$10,485
8 years$13,470$12,435$11,475$10,586$9,762$8,537
9 years$11,852$10,827$9,884$9,017$8,221$7,052
10 years$10,558$9,544$8,617$7,772$7,005$5,891
11 years$9,501$8,496$7,586$6,764$6,024$4,965
12 years$8,620$7,626$6,732$5,933$5,221$4,215
13 years$7,875$6,891$6,015$5,238$4,552$3,598
14 years$7,237$6,264$5,405$4,650$3,991$3,087
15 years$6,685$5,722$4,880$4,147$3,514$2,659
16 years$6,203$5,250$4,424$3,713$3,105$2,298
17 years$5,777$4,835$4,026$3,336$2,753$1,991
18 years$5,399$4,468$3,675$3,007$2,448$1,730
19 years$5,062$4,141$3,364$2,717$2,182$1,506
20 years$4,758$3,848$3,088$2,460$1,949$1,313
21 years$4,484$3,584$2,840$2,233$1,744$1,147
22 years$4,235$3,346$2,617$2,030$1,563$1,003
23 years$4,008$3,129$2,417$1,849$1,403$878
24 years$3,800$2,932$2,235$1,686$1,261$770
25 years$3,609$2,751$2,070$1,540$1,135$675
26 years$3,434$2,586$1,920$1,408$1,022$593
27 years$3,271$2,434$1,783$1,289$922$521
28 years$3,120$2,293$1,657$1,181$832$458
29 years$2,980$2,163$1,542$1,083$751$403
30 years$2,850$2,043$1,437$994$679$354
31 years$2,728$1,931$1,339$913$614$312
32 years$2,614$1,827$1,250$839$555$274
33 years$2,507$1,731$1,167$771$502$242
34 years$2,407$1,640$1,090$710$455$213
35 years$2,312$1,556$1,019$653$412$188
36 years$2,224$1,477$953$602$373$165
37 years$2,140$1,402$892$554$338$146
38 years$2,060$1,333$836$511$307$128
39 years$1,985$1,267$783$471$278$113
40 years$1,914$1,206$734$435$252$100
41 years$1,847$1,148$688$401$229$88
42 years$1,782$1,093$646$370$208$78
43 years$1,721$1,042$606$342$188$69
44 years$1,663$993$569$315$171$60
45 years$1,608$947$534$291$155$53
46 years$1,555$903$501$269$141$47
47 years$1,505$862$471$249$128$42
48 years$1,457$823$443$230$116$37
49 years$1,411$786$416$212$106$32
50 years$1,367$751$391$196$96$29

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 $2,299 every year, while hoping to spend $36,017 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: 68/25/7 Blend
58$1,400,000$1,400,000$1,400,000$1,400,000
59$1,545,171$1,470,971$1,449,271$1,648,300
60$1,664,457$1,504,727$1,459,500$1,750,697
61$1,794,703$1,538,930$1,468,865$1,858,046
62$1,936,988$1,573,563$1,477,297$1,974,467
63$2,092,503$1,608,609$1,484,728$2,100,839
64$2,262,555$1,644,048$1,491,083$2,238,134
65$2,448,585$1,679,856$1,496,285$2,387,420
66$2,652,181$1,716,010$1,500,251$2,549,873
67$2,875,090$1,752,481$1,502,896$2,726,790
68$3,119,236$1,789,239$1,504,129$2,919,598
69$3,386,738$1,826,251$1,503,857$3,129,870
70$3,679,929$1,863,481$1,501,980$3,359,337
71$4,001,379$1,900,890$1,498,394$3,609,909
72$4,353,920$1,938,433$1,492,990$3,883,686
73$4,740,668$1,976,064$1,485,654$4,182,984
74$5,165,058$2,013,733$1,476,265$4,510,356
75$5,630,872$2,051,385$1,464,698$4,868,612
76$6,142,277$2,088,958$1,450,821$5,260,850
77$6,703,862$2,126,391$1,434,497$5,690,482
78$7,320,685$2,163,612$1,415,581$6,161,268
79$7,998,313$2,200,548$1,393,922$6,677,352
80$8,742,883$2,237,117$1,369,360$7,243,300
81$9,561,155$2,273,234$1,341,732$7,864,141
82$10,460,576$2,308,805$1,310,862$8,545,421
83$11,449,349$2,343,730$1,276,571$9,293,247
84$12,536,513$2,377,904$1,238,667$10,114,351
85$13,732,027$2,411,211$1,196,952$11,016,152
86$15,046,863$2,443,529$1,151,218$12,006,823
87$16,493,108$2,474,727$1,101,249$13,095,375
88$18,084,081$2,504,665$1,046,817$14,291,734
89$19,834,457$2,533,192$987,685$15,606,841
90$21,760,403$2,560,151$923,604$17,052,751
91$23,879,736$2,585,370$854,316$18,642,752
92$26,212,083$2,608,667$779,550$20,391,485
93$28,779,073$2,629,849$699,022$22,315,088
94$31,604,536$2,648,710$612,437$24,431,341
95$34,714,732$2,665,030$519,487$26,759,844
96$38,138,593$2,678,575$419,849$29,322,193
97$41,908,002$2,689,097$313,186$32,142,189
98$46,058,087$2,696,332$199,147$35,246,064
99$50,627,559$2,699,999$77,365$38,662,723
100$55,659,070$2,699,799$0$42,424,026