Can I retire at age 59 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$119,740$118,673$117,632$116,617$115,625$115,138
2 years$59,277$58,173$57,103$56,066$55,060$54,568
3 years$39,125$38,017$36,950$35,922$34,932$34,451
4 years$29,052$27,946$26,890$25,880$24,914$24,447
5 years$23,009$21,910$20,868$19,878$18,939$18,488
6 years$18,982$17,891$16,864$15,897$14,986$14,551
7 years$16,106$15,025$14,014$13,070$12,188$11,769
8 years$13,951$12,879$11,885$10,964$10,111$9,709
9 years$12,275$11,214$10,237$9,339$8,515$8,129
10 years$10,935$9,884$8,925$8,050$7,255$6,885
11 years$9,840$8,799$7,857$7,006$6,239$5,886
12 years$8,928$7,898$6,973$6,145$5,407$5,069
13 years$8,156$7,137$6,230$5,425$4,715$4,393
14 years$7,496$6,488$5,598$4,816$4,133$3,826
15 years$6,924$5,927$5,054$4,295$3,639$3,347
16 years$6,424$5,438$4,582$3,846$3,216$2,938
17 years$5,983$5,008$4,169$3,455$2,852$2,587
18 years$5,592$4,627$3,806$3,114$2,536$2,285
19 years$5,242$4,289$3,484$2,814$2,260$2,022
20 years$4,928$3,985$3,198$2,548$2,019$1,793
21 years$4,644$3,712$2,941$2,313$1,807$1,593
22 years$4,386$3,465$2,711$2,103$1,619$1,418
23 years$4,151$3,241$2,503$1,915$1,454$1,263
24 years$3,936$3,036$2,315$1,747$1,307$1,127
25 years$3,738$2,850$2,144$1,595$1,176$1,006
26 years$3,556$2,678$1,989$1,459$1,059$900
27 years$3,388$2,520$1,846$1,335$955$805
28 years$3,232$2,375$1,717$1,223$862$720
29 years$3,087$2,241$1,597$1,122$778$645
30 years$2,952$2,116$1,488$1,029$703$579
31 years$2,825$2,000$1,387$945$635$519
32 years$2,707$1,893$1,294$869$575$466
33 years$2,597$1,792$1,208$799$520$418
34 years$2,493$1,699$1,129$735$471$375
35 years$2,395$1,611$1,056$677$427$337
36 years$2,303$1,529$988$623$387$303
37 years$2,216$1,453$924$574$350$272
38 years$2,134$1,380$866$529$318$245
39 years$2,056$1,313$811$488$288$220
40 years$1,982$1,249$760$450$261$198
41 years$1,912$1,189$713$415$237$178
42 years$1,846$1,132$669$383$215$160
43 years$1,783$1,079$627$354$195$144
44 years$1,723$1,028$589$327$177$130
45 years$1,666$981$553$302$161$117
46 years$1,611$935$519$279$146$105
47 years$1,559$893$488$257$133$95
48 years$1,509$852$458$238$120$85
49 years$1,461$814$431$220$109$77
50 years$1,416$777$405$203$99$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,450,000, adding $4,131 every year, while hoping to spend $51,571 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: 67/13/20 Blend
58$1,450,000$1,450,000$1,450,000$1,450,000
59$1,602,161$1,525,311$1,502,836$1,701,236
60$1,710,710$1,545,180$1,498,310$1,787,970
61$1,828,603$1,564,294$1,491,904$1,876,438
62$1,956,738$1,582,562$1,483,500$1,971,945
63$2,096,104$1,599,886$1,472,976$2,075,181
64$2,247,788$1,616,162$1,460,202$2,186,909
65$2,412,987$1,631,279$1,445,044$2,307,970
66$2,593,019$1,645,118$1,427,359$2,439,290
67$2,789,331$1,657,553$1,407,000$2,581,892
68$3,003,520$1,668,450$1,383,811$2,736,904
69$3,237,340$1,677,666$1,357,631$2,905,569
70$3,492,726$1,685,049$1,328,288$3,089,258
71$3,771,804$1,690,436$1,295,606$3,289,483
72$4,076,916$1,693,656$1,259,397$3,507,913
73$4,410,643$1,694,526$1,219,468$3,746,386
74$4,775,823$1,692,852$1,175,614$4,006,930
75$5,175,582$1,688,428$1,127,623$4,291,783
76$5,613,365$1,681,034$1,075,272$4,603,411
77$6,092,963$1,670,440$1,018,329$4,944,533
78$6,618,552$1,656,398$956,549$5,318,150
79$7,194,730$1,638,647$889,679$5,727,568
80$7,826,562$1,616,910$817,453$6,176,436
81$8,519,627$1,590,895$739,593$6,668,774
82$9,280,070$1,560,289$655,811$7,209,017
83$10,114,658$1,524,764$565,801$7,802,056
84$11,030,847$1,483,972$469,249$8,453,282
85$12,036,849$1,437,541$365,824$9,168,640
86$13,141,709$1,385,083$255,182$9,954,685
87$14,355,395$1,326,183$136,961$10,818,644
88$15,688,883$1,260,404$10,787$11,768,486
89$17,154,267$1,187,282$0$12,812,997
90$18,764,873$1,106,329$0$13,988,295
91$20,535,377$1,017,027$0$15,282,802
92$22,481,952$918,828$0$16,706,078
93$24,622,415$811,154$0$18,271,200
94$26,976,395$693,394$0$19,992,576
95$29,565,520$564,903$0$21,886,086
96$32,413,617$424,997$0$23,969,230
97$35,546,942$272,958$0$26,261,294
98$38,994,420$108,023$0$28,783,531
99$42,787,924$0$0$31,559,363
100$46,962,573$0$0$34,624,704