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%16.4%
1 years$115,611$114,581$113,576$112,596$111,638$108,719
2 years$57,233$56,167$55,134$54,132$53,161$50,240
3 years$37,776$36,706$35,675$34,683$33,727$30,896
4 years$28,050$26,983$25,963$24,987$24,055$21,334
5 years$22,216$21,155$20,148$19,193$18,286$15,684
6 years$18,327$17,274$16,283$15,349$14,469$11,989
7 years$15,551$14,507$13,531$12,619$11,767$9,408
8 years$13,470$12,435$11,475$10,586$9,762$7,523
9 years$11,852$10,827$9,884$9,017$8,221$6,101
10 years$10,558$9,544$8,617$7,772$7,005$5,000
11 years$9,501$8,496$7,586$6,764$6,024$4,132
12 years$8,620$7,626$6,732$5,933$5,221$3,438
13 years$7,875$6,891$6,015$5,238$4,552$2,875
14 years$7,237$6,264$5,405$4,650$3,991$2,415
15 years$6,685$5,722$4,880$4,147$3,514$2,036
16 years$6,203$5,250$4,424$3,713$3,105$1,722
17 years$5,777$4,835$4,026$3,336$2,753$1,459
18 years$5,399$4,468$3,675$3,007$2,448$1,239
19 years$5,062$4,141$3,364$2,717$2,182$1,054
20 years$4,758$3,848$3,088$2,460$1,949$898
21 years$4,484$3,584$2,840$2,233$1,744$766
22 years$4,235$3,346$2,617$2,030$1,563$654
23 years$4,008$3,129$2,417$1,849$1,403$559
24 years$3,800$2,932$2,235$1,686$1,261$478
25 years$3,609$2,751$2,070$1,540$1,135$409
26 years$3,434$2,586$1,920$1,408$1,022$351
27 years$3,271$2,434$1,783$1,289$922$300
28 years$3,120$2,293$1,657$1,181$832$257
29 years$2,980$2,163$1,542$1,083$751$221
30 years$2,850$2,043$1,437$994$679$189
31 years$2,728$1,931$1,339$913$614$162
32 years$2,614$1,827$1,250$839$555$139
33 years$2,507$1,731$1,167$771$502$120
34 years$2,407$1,640$1,090$710$455$103
35 years$2,312$1,556$1,019$653$412$88
36 years$2,224$1,477$953$602$373$76
37 years$2,140$1,402$892$554$338$65
38 years$2,060$1,333$836$511$307$56
39 years$1,985$1,267$783$471$278$48
40 years$1,914$1,206$734$435$252$41
41 years$1,847$1,148$688$401$229$35
42 years$1,782$1,093$646$370$208$30
43 years$1,721$1,042$606$342$188$26
44 years$1,663$993$569$315$171$22
45 years$1,608$947$534$291$155$19
46 years$1,555$903$501$269$141$17
47 years$1,505$862$471$249$128$14
48 years$1,457$823$443$230$116$12
49 years$1,411$786$416$212$106$10
50 years$1,367$751$391$196$96$9

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 $5,135 every year, while hoping to spend $31,656 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: 47/29/24 Blend
58$1,400,000$1,400,000$1,400,000$1,400,000
59$1,548,097$1,473,897$1,452,197$1,610,026
60$1,672,321$1,512,436$1,467,164$1,692,539
61$1,808,155$1,551,803$1,481,571$1,778,517
62$1,956,750$1,592,004$1,495,366$1,871,208
63$2,119,372$1,633,046$1,508,495$1,971,258
64$2,297,418$1,674,935$1,520,899$2,079,377
65$2,492,423$1,717,675$1,532,518$2,196,346
66$2,706,079$1,761,271$1,543,287$2,323,027
67$2,940,251$1,805,725$1,553,139$2,460,371
68$3,196,990$1,851,039$1,562,002$2,609,422
69$3,478,557$1,897,213$1,569,803$2,771,334
70$3,787,440$1,944,247$1,576,462$2,947,376
71$4,126,384$1,992,140$1,581,898$3,138,947
72$4,498,407$2,040,887$1,586,023$3,347,590
73$4,906,837$2,090,483$1,588,748$3,575,004
74$5,355,339$2,140,921$1,589,976$3,823,061
75$5,847,950$2,192,193$1,589,607$4,093,825
76$6,389,118$2,244,288$1,587,536$4,389,570
77$6,983,743$2,297,193$1,583,653$4,712,804
78$7,637,222$2,350,892$1,577,843$5,066,288
79$8,355,502$2,405,369$1,569,983$5,453,067
80$9,145,134$2,460,603$1,559,948$5,876,496
81$10,013,335$2,516,570$1,547,604$6,340,275
82$10,968,058$2,573,245$1,532,812$6,848,479
83$12,018,063$2,630,597$1,515,424$7,405,600
84$13,173,004$2,688,595$1,495,290$8,016,591
85$14,443,516$2,747,201$1,472,247$8,686,910
86$15,841,316$2,806,375$1,446,128$9,422,571
87$17,379,315$2,866,072$1,416,759$10,230,205
88$19,071,738$2,926,244$1,383,954$11,117,119
89$20,934,261$2,986,835$1,347,521$12,091,367
90$22,984,153$3,047,787$1,307,261$13,161,827
91$25,240,444$3,109,036$1,262,961$14,338,283
92$27,724,101$3,170,511$1,214,403$15,631,521
93$30,458,230$3,232,136$1,161,355$17,053,425
94$33,468,286$3,293,828$1,103,578$18,617,097
95$36,782,324$3,355,497$1,040,819$20,336,977
96$40,431,251$3,417,047$972,817$22,228,980
97$44,449,129$3,478,372$899,297$24,310,647
98$48,873,487$3,539,360$819,971$26,601,311
99$53,745,683$3,599,889$734,540$29,122,281
100$59,111,286$3,659,827$642,690$31,897,042