Can I retire at age 59 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$118,914$117,855$116,821$115,813$114,828$113,393
2 years$58,868$57,772$56,709$55,679$54,680$53,236
3 years$38,856$37,755$36,695$35,674$34,691$33,283
4 years$28,851$27,754$26,704$25,701$24,742$23,381
5 years$22,850$21,759$20,724$19,741$18,808$17,498
6 years$18,851$17,768$16,748$15,787$14,883$13,625
7 years$15,995$14,922$13,917$12,979$12,103$10,898
8 years$13,855$12,791$11,803$10,888$10,041$8,888
9 years$12,191$11,136$10,166$9,274$8,456$7,356
10 years$10,860$9,816$8,863$7,994$7,205$6,156
11 years$9,772$8,739$7,803$6,958$6,196$5,198
12 years$8,866$7,843$6,925$6,103$5,370$4,421
13 years$8,100$7,088$6,187$5,388$4,683$3,782
14 years$7,444$6,443$5,559$4,783$4,105$3,251
15 years$6,876$5,886$5,019$4,265$3,614$2,806
16 years$6,380$5,400$4,550$3,819$3,194$2,430
17 years$5,942$4,973$4,141$3,431$2,832$2,110
18 years$5,554$4,596$3,780$3,092$2,518$1,837
19 years$5,206$4,259$3,460$2,794$2,245$1,603
20 years$4,894$3,958$3,176$2,531$2,005$1,401
21 years$4,612$3,687$2,921$2,297$1,794$1,226
22 years$4,356$3,441$2,692$2,088$1,608$1,075
23 years$4,123$3,218$2,486$1,902$1,444$943
24 years$3,909$3,016$2,299$1,735$1,298$829
25 years$3,713$2,830$2,129$1,584$1,168$729
26 years$3,532$2,660$1,975$1,448$1,052$641
27 years$3,364$2,503$1,834$1,326$948$565
28 years$3,209$2,359$1,705$1,215$856$497
29 years$3,065$2,225$1,586$1,114$773$439
30 years$2,931$2,101$1,478$1,022$698$387
31 years$2,806$1,986$1,378$939$631$341
32 years$2,689$1,880$1,285$863$571$301
33 years$2,579$1,780$1,200$794$517$266
34 years$2,476$1,687$1,121$730$468$235
35 years$2,379$1,600$1,048$672$424$207
36 years$2,287$1,519$981$619$384$183
37 years$2,201$1,442$918$570$348$162
38 years$2,119$1,371$860$526$315$143
39 years$2,042$1,304$805$485$286$127
40 years$1,969$1,240$755$447$259$112
41 years$1,899$1,181$708$412$235$99
42 years$1,833$1,124$664$381$214$87
43 years$1,771$1,071$623$351$194$77
44 years$1,711$1,021$585$324$176$68
45 years$1,654$974$549$300$160$61
46 years$1,600$929$516$277$145$54
47 years$1,548$886$485$256$132$47
48 years$1,499$846$455$236$120$42
49 years$1,451$808$428$218$109$37
50 years$1,406$772$402$202$99$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,440,000, adding $4,033 every year, while hoping to spend $47,735 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: 59/32/9 Blend
58$1,440,000$1,440,000$1,440,000$1,440,000
59$1,591,040$1,514,720$1,492,400$1,681,411
60$1,702,536$1,538,152$1,491,606$1,766,030
61$1,823,806$1,561,132$1,489,185$1,852,491
62$1,955,794$1,583,587$1,485,033$1,945,589
63$2,099,543$1,605,441$1,479,039$2,045,965
64$2,256,198$1,626,610$1,471,089$2,154,324
65$2,427,021$1,647,004$1,461,062$2,271,446
66$2,613,400$1,666,530$1,448,830$2,398,190
67$2,816,863$1,685,086$1,434,261$2,535,502
68$3,039,090$1,702,563$1,417,217$2,684,429
69$3,281,935$1,718,845$1,397,551$2,846,120
70$3,547,435$1,733,811$1,375,111$3,021,845
71$3,837,834$1,747,329$1,349,738$3,213,007
72$4,155,603$1,759,258$1,321,265$3,421,148
73$4,503,464$1,769,451$1,289,516$3,647,971
74$4,884,412$1,777,749$1,254,310$3,895,356
75$5,301,747$1,783,984$1,215,454$4,165,372
76$5,759,103$1,787,977$1,172,750$4,460,305
77$6,260,481$1,789,537$1,125,986$4,782,672
78$6,810,289$1,788,464$1,074,946$5,135,252
79$7,413,382$1,784,541$1,019,400$5,521,109
80$8,075,106$1,777,543$959,109$5,943,619
81$8,801,351$1,767,227$893,823$6,406,508
82$9,598,604$1,753,337$823,282$6,913,884
83$10,474,013$1,735,601$747,212$7,470,277
84$11,435,447$1,713,730$665,329$8,080,683
85$12,491,580$1,687,421$577,336$8,750,609
86$13,651,965$1,656,348$482,920$9,486,129
87$14,927,126$1,620,170$381,758$10,293,942
88$16,328,657$1,578,522$273,511$11,181,432
89$17,869,332$1,531,021$157,825$12,156,743
90$19,563,222$1,477,260$34,331$13,228,854
91$21,425,833$1,416,808$0$14,407,664
92$23,474,246$1,349,209$0$15,713,451
93$25,727,281$1,273,982$0$17,153,015
94$28,205,673$1,190,617$0$18,736,369
95$30,932,269$1,098,574$0$20,478,186
96$33,932,240$997,284$0$22,394,639
97$37,233,323$886,145$0$24,503,560
98$40,866,075$764,520$0$26,824,605
99$44,864,169$631,736$0$29,379,439
100$49,264,706$487,083$0$32,191,948