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%11.6%
1 years$118,914$117,855$116,821$115,813$114,828$114,056
2 years$58,868$57,772$56,709$55,679$54,680$53,902
3 years$38,856$37,755$36,695$35,674$34,691$33,931
4 years$28,851$27,754$26,704$25,701$24,742$24,005
5 years$22,850$21,759$20,724$19,741$18,808$18,097
6 years$18,851$17,768$16,748$15,787$14,883$14,197
7 years$15,995$14,922$13,917$12,979$12,103$11,445
8 years$13,855$12,791$11,803$10,888$10,041$9,409
9 years$12,191$11,136$10,166$9,274$8,456$7,851
10 years$10,860$9,816$8,863$7,994$7,205$6,626
11 years$9,772$8,739$7,803$6,958$6,196$5,644
12 years$8,866$7,843$6,925$6,103$5,370$4,842
13 years$8,100$7,088$6,187$5,388$4,683$4,180
14 years$7,444$6,443$5,559$4,783$4,105$3,626
15 years$6,876$5,886$5,019$4,265$3,614$3,159
16 years$6,380$5,400$4,550$3,819$3,194$2,763
17 years$5,942$4,973$4,141$3,431$2,832$2,423
18 years$5,554$4,596$3,780$3,092$2,518$2,130
19 years$5,206$4,259$3,460$2,794$2,245$1,878
20 years$4,894$3,958$3,176$2,531$2,005$1,658
21 years$4,612$3,687$2,921$2,297$1,794$1,466
22 years$4,356$3,441$2,692$2,088$1,608$1,299
23 years$4,123$3,218$2,486$1,902$1,444$1,152
24 years$3,909$3,016$2,299$1,735$1,298$1,023
25 years$3,713$2,830$2,129$1,584$1,168$910
26 years$3,532$2,660$1,975$1,448$1,052$809
27 years$3,364$2,503$1,834$1,326$948$721
28 years$3,209$2,359$1,705$1,215$856$642
29 years$3,065$2,225$1,586$1,114$773$572
30 years$2,931$2,101$1,478$1,022$698$511
31 years$2,806$1,986$1,378$939$631$456
32 years$2,689$1,880$1,285$863$571$407
33 years$2,579$1,780$1,200$794$517$363
34 years$2,476$1,687$1,121$730$468$325
35 years$2,379$1,600$1,048$672$424$290
36 years$2,287$1,519$981$619$384$259
37 years$2,201$1,442$918$570$348$232
38 years$2,119$1,371$860$526$315$208
39 years$2,042$1,304$805$485$286$186
40 years$1,969$1,240$755$447$259$166
41 years$1,899$1,181$708$412$235$149
42 years$1,833$1,124$664$381$214$133
43 years$1,771$1,071$623$351$194$119
44 years$1,711$1,021$585$324$176$107
45 years$1,654$974$549$300$160$95
46 years$1,600$929$516$277$145$85
47 years$1,548$886$485$256$132$77
48 years$1,499$846$455$236$120$69
49 years$1,451$808$428$218$109$61
50 years$1,406$772$402$202$99$55

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 $3,910 every year, while hoping to spend $30,999 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: 47/32/21 Blend
58$1,440,000$1,440,000$1,440,000$1,440,000
59$1,590,913$1,514,593$1,492,273$1,656,007
60$1,720,204$1,555,826$1,509,282$1,743,119
61$1,861,643$1,598,039$1,525,821$1,834,209
62$2,016,437$1,641,250$1,541,843$1,932,441
63$2,185,915$1,685,472$1,557,296$2,038,497
64$2,371,539$1,730,722$1,572,126$2,153,128
65$2,574,921$1,777,012$1,586,277$2,277,161
66$2,797,834$1,824,357$1,599,689$2,411,506
67$3,042,233$1,872,770$1,612,298$2,557,167
68$3,310,271$1,922,265$1,624,040$2,715,248
69$3,604,316$1,972,854$1,634,843$2,886,966
70$3,926,980$2,024,548$1,644,634$3,073,661
71$4,281,140$2,077,359$1,653,337$3,276,811
72$4,669,962$2,131,295$1,660,870$3,498,041
73$5,096,937$2,186,367$1,667,148$3,739,144
74$5,565,909$2,242,583$1,672,081$4,002,095
75$6,081,111$2,299,950$1,675,576$4,289,067
76$6,647,210$2,358,473$1,677,533$4,602,459
77$7,269,345$2,418,157$1,677,850$4,944,912
78$7,953,177$2,479,006$1,676,417$5,319,335
79$8,704,944$2,541,021$1,673,120$5,728,935
80$9,531,519$2,604,201$1,667,840$6,177,246
81$10,440,472$2,668,545$1,660,451$6,668,161
82$11,440,146$2,734,050$1,650,821$7,205,971
83$12,539,731$2,800,708$1,638,814$7,795,406
84$13,749,353$2,868,513$1,624,284$8,441,675
85$15,080,170$2,937,453$1,607,081$9,150,520
86$16,544,475$3,007,515$1,587,045$9,928,271
87$18,155,811$3,078,683$1,564,011$10,781,902
88$19,929,103$3,150,938$1,537,805$11,719,098
89$21,880,795$3,224,258$1,508,245$12,748,328
90$24,029,006$3,298,616$1,475,141$13,878,929
91$26,393,700$3,373,984$1,438,293$15,121,187
92$28,996,876$3,450,327$1,397,494$16,486,440
93$31,862,773$3,527,608$1,352,526$17,987,182
94$35,018,099$3,605,785$1,303,159$19,637,185
95$38,492,287$3,684,810$1,249,157$21,451,623
96$42,317,766$3,764,631$1,190,269$23,447,223
97$46,530,270$3,845,191$1,126,235$25,642,416
98$51,169,177$3,926,424$1,056,783$28,057,517
99$56,277,876$4,008,262$981,629$30,714,916
100$61,904,180$4,090,627$900,474$33,639,284