Can I retire at age 59 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$118,088$117,036$116,010$115,008$114,030$112,886
2 years$58,459$57,371$56,316$55,292$54,300$53,148
3 years$38,586$37,492$36,440$35,426$34,450$33,326
4 years$28,651$27,561$26,519$25,523$24,570$23,482
5 years$22,692$21,608$20,580$19,604$18,678$17,629
6 years$18,720$17,645$16,631$15,677$14,779$13,771
7 years$15,884$14,818$13,821$12,889$12,019$11,052
8 years$13,758$12,702$11,721$10,812$9,971$9,045
9 years$12,106$11,059$10,095$9,210$8,397$7,512
10 years$10,785$9,748$8,801$7,939$7,155$6,309
11 years$9,704$8,678$7,749$6,909$6,153$5,347
12 years$8,805$7,789$6,877$6,060$5,332$4,565
13 years$8,044$7,039$6,144$5,350$4,650$3,920
14 years$7,393$6,398$5,520$4,749$4,076$3,383
15 years$6,828$5,845$4,984$4,236$3,589$2,932
16 years$6,335$5,363$4,519$3,793$3,172$2,550
17 years$5,901$4,939$4,112$3,408$2,812$2,224
18 years$5,515$4,564$3,754$3,071$2,501$1,944
19 years$5,170$4,230$3,436$2,775$2,229$1,704
20 years$4,860$3,930$3,154$2,513$1,991$1,496
21 years$4,580$3,661$2,901$2,281$1,782$1,315
22 years$4,326$3,417$2,674$2,074$1,597$1,158
23 years$4,094$3,196$2,469$1,889$1,434$1,021
24 years$3,882$2,995$2,283$1,723$1,289$901
25 years$3,687$2,810$2,114$1,573$1,159$796
26 years$3,507$2,641$1,961$1,438$1,044$704
27 years$3,341$2,486$1,821$1,317$942$623
28 years$3,187$2,342$1,693$1,206$850$551
29 years$3,044$2,210$1,575$1,106$767$488
30 years$2,911$2,087$1,467$1,015$693$433
31 years$2,786$1,973$1,368$932$627$384
32 years$2,670$1,867$1,276$857$567$340
33 years$2,561$1,768$1,192$788$513$302
34 years$2,458$1,675$1,114$725$465$268
35 years$2,362$1,589$1,041$667$421$238
36 years$2,271$1,508$974$615$381$211
37 years$2,185$1,432$912$566$346$188
38 years$2,104$1,361$854$522$313$167
39 years$2,028$1,295$800$481$284$148
40 years$1,955$1,232$750$444$258$132
41 years$1,886$1,172$703$410$234$117
42 years$1,821$1,117$659$378$212$104
43 years$1,758$1,064$619$349$192$92
44 years$1,699$1,014$581$322$175$82
45 years$1,643$967$545$298$159$73
46 years$1,589$922$512$275$144$65
47 years$1,537$880$481$254$131$58
48 years$1,488$840$452$235$119$51
49 years$1,441$803$425$217$108$46
50 years$1,396$767$400$200$98$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,430,000, adding $2,937 every year, while hoping to spend $44,531 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: 50/42/8 Blend
58$1,430,000$1,430,000$1,430,000$1,430,000
59$1,578,890$1,503,100$1,480,935$1,654,422
60$1,692,556$1,529,371$1,483,165$1,732,555
61$1,816,323$1,555,437$1,483,978$1,812,413
62$1,951,175$1,581,241$1,483,279$1,898,142
63$2,098,195$1,606,721$1,480,968$1,990,302
64$2,258,572$1,631,811$1,476,942$2,089,513
65$2,433,618$1,656,442$1,471,091$2,196,457
66$2,624,776$1,680,536$1,463,301$2,311,886
67$2,833,634$1,704,014$1,453,453$2,436,630
68$3,061,942$1,726,787$1,441,421$2,571,604
69$3,311,624$1,748,764$1,427,072$2,717,817
70$3,584,800$1,769,844$1,410,270$2,876,382
71$3,883,806$1,789,922$1,390,870$3,048,527
72$4,211,211$1,808,885$1,368,721$3,235,606
73$4,569,845$1,826,612$1,343,664$3,439,113
74$4,962,827$1,842,973$1,315,534$3,660,694
75$5,393,588$1,857,832$1,284,158$3,902,168
76$5,865,911$1,871,043$1,249,354$4,165,537
77$6,383,960$1,882,449$1,210,933$4,453,012
78$6,952,320$1,891,886$1,168,696$4,767,033
79$7,576,046$1,899,177$1,122,436$5,110,286
80$8,260,700$1,904,135$1,071,935$5,485,740
81$9,012,415$1,906,560$1,016,968$5,896,664
82$9,837,941$1,906,242$957,297$6,346,668
83$10,744,719$1,902,955$892,673$6,839,730
84$11,740,941$1,896,461$822,840$7,380,241
85$12,835,637$1,886,508$747,524$7,973,039
86$14,038,751$1,872,826$666,446$8,623,464
87$15,361,240$1,855,131$579,308$9,337,403
88$16,815,175$1,833,120$485,803$10,121,348
89$18,413,854$1,806,475$385,609$10,982,461
90$20,171,930$1,774,855$278,389$11,928,637
91$22,105,545$1,737,901$163,794$12,968,585
92$24,232,486$1,695,233$41,456$14,111,905
93$26,572,348$1,646,448$0$15,369,188
94$29,146,722$1,591,118$0$16,759,714
95$31,979,399$1,528,794$0$18,293,023
96$35,096,589$1,458,997$0$19,979,807
97$38,527,175$1,381,221$0$21,835,755
98$42,302,978$1,294,932$0$23,878,166
99$46,459,063$1,199,566$0$26,126,111
100$51,034,066$1,094,523$0$28,600,616