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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$118,914$117,855$116,821$115,813$114,828$110,446
2 years$58,868$57,772$56,709$55,679$54,680$50,317
3 years$38,856$37,755$36,695$35,674$34,691$30,485
4 years$28,851$27,754$26,704$25,701$24,742$20,724
5 years$22,850$21,759$20,724$19,741$18,808$14,988
6 years$18,851$17,768$16,748$15,787$14,883$11,263
7 years$15,995$14,922$13,917$12,979$12,103$8,684
8 years$13,855$12,791$11,803$10,888$10,041$6,819
9 years$12,191$11,136$10,166$9,274$8,456$5,426
10 years$10,860$9,816$8,863$7,994$7,205$4,361
11 years$9,772$8,739$7,803$6,958$6,196$3,533
12 years$8,866$7,843$6,925$6,103$5,370$2,879
13 years$8,100$7,088$6,187$5,388$4,683$2,358
14 years$7,444$6,443$5,559$4,783$4,105$1,938
15 years$6,876$5,886$5,019$4,265$3,614$1,599
16 years$6,380$5,400$4,550$3,819$3,194$1,322
17 years$5,942$4,973$4,141$3,431$2,832$1,095
18 years$5,554$4,596$3,780$3,092$2,518$909
19 years$5,206$4,259$3,460$2,794$2,245$755
20 years$4,894$3,958$3,176$2,531$2,005$629
21 years$4,612$3,687$2,921$2,297$1,794$523
22 years$4,356$3,441$2,692$2,088$1,608$436
23 years$4,123$3,218$2,486$1,902$1,444$364
24 years$3,909$3,016$2,299$1,735$1,298$304
25 years$3,713$2,830$2,129$1,584$1,168$254
26 years$3,532$2,660$1,975$1,448$1,052$212
27 years$3,364$2,503$1,834$1,326$948$177
28 years$3,209$2,359$1,705$1,215$856$148
29 years$3,065$2,225$1,586$1,114$773$124
30 years$2,931$2,101$1,478$1,022$698$103
31 years$2,806$1,986$1,378$939$631$86
32 years$2,689$1,880$1,285$863$571$72
33 years$2,579$1,780$1,200$794$517$60
34 years$2,476$1,687$1,121$730$468$51
35 years$2,379$1,600$1,048$672$424$42
36 years$2,287$1,519$981$619$384$35
37 years$2,201$1,442$918$570$348$30
38 years$2,119$1,371$860$526$315$25
39 years$2,042$1,304$805$485$286$21
40 years$1,969$1,240$755$447$259$17
41 years$1,899$1,181$708$412$235$15
42 years$1,833$1,124$664$381$214$12
43 years$1,771$1,071$623$351$194$10
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$7
46 years$1,600$929$516$277$145$6
47 years$1,548$886$485$256$132$5
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

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 $4,749 every year, while hoping to spend $37,934 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: 61/16/23 Blend
58$1,440,000$1,440,000$1,440,000$1,440,000
59$1,591,779$1,515,459$1,493,139$1,678,926
60$1,713,779$1,549,355$1,502,797$1,772,441
61$1,846,951$1,583,640$1,511,508$1,869,886
62$1,992,396$1,618,294$1,519,199$1,975,404
63$2,151,323$1,653,294$1,525,795$2,089,785
64$2,325,066$1,688,612$1,531,217$2,213,904
65$2,515,091$1,724,223$1,535,381$2,348,721
66$2,723,013$1,760,093$1,538,200$2,495,297
67$2,950,613$1,796,190$1,539,582$2,654,800
68$3,199,848$1,832,476$1,539,431$2,828,518
69$3,472,876$1,868,910$1,537,645$3,017,870
70$3,772,072$1,905,449$1,534,118$3,224,420
71$4,100,052$1,942,045$1,528,740$3,449,894
72$4,459,697$1,978,646$1,521,393$3,696,190
73$4,854,182$2,015,195$1,511,956$3,965,406
74$5,287,002$2,051,633$1,500,299$4,259,848
75$5,762,007$2,087,893$1,486,290$4,582,064
76$6,283,437$2,123,906$1,469,786$4,934,859
77$6,855,965$2,159,595$1,450,642$5,321,326
78$7,484,737$2,194,879$1,428,702$5,744,873
79$8,175,422$2,229,670$1,403,805$6,209,260
80$8,934,265$2,263,873$1,375,782$6,718,627
81$9,768,146$2,297,389$1,344,457$7,277,541
82$10,684,644$2,330,108$1,309,643$7,891,035
83$11,692,110$2,361,915$1,271,148$8,564,657
84$12,799,742$2,392,686$1,228,769$9,304,523
85$14,017,677$2,422,289$1,182,293$10,117,372
86$15,357,080$2,450,581$1,131,501$11,010,635
87$16,830,255$2,477,412$1,076,158$11,992,502
88$18,450,756$2,502,621$1,016,025$13,072,001
89$20,233,519$2,526,035$950,848$14,259,082
90$22,194,998$2,547,471$880,361$15,564,714
91$24,353,324$2,566,734$804,290$17,000,985
92$26,728,475$2,583,615$722,345$18,581,222
93$29,342,460$2,597,893$634,225$20,320,112
94$32,219,535$2,609,334$539,615$22,233,845
95$35,386,421$2,617,685$438,186$24,340,265
96$38,872,566$2,622,681$329,594$26,659,039
97$42,710,414$2,624,039$213,482$29,211,847
98$46,935,717$2,621,457$89,475$32,022,581
99$51,587,870$2,614,618$0$35,117,578
100$56,710,280$2,603,183$0$38,536,383