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%14.8%
1 years$119,740$118,673$117,632$116,617$115,625$113,337
2 years$59,277$58,173$57,103$56,066$55,060$52,764
3 years$39,125$38,017$36,950$35,922$34,932$32,701
4 years$29,052$27,946$26,890$25,880$24,914$22,764
5 years$23,009$21,910$20,868$19,878$18,939$16,876
6 years$18,982$17,891$16,864$15,897$14,986$13,013
7 years$16,106$15,025$14,014$13,070$12,188$10,305
8 years$13,951$12,879$11,885$10,964$10,111$8,317
9 years$12,275$11,214$10,237$9,339$8,515$6,810
10 years$10,935$9,884$8,925$8,050$7,255$5,637
11 years$9,840$8,799$7,857$7,006$6,239$4,706
12 years$8,928$7,898$6,973$6,145$5,407$3,956
13 years$8,156$7,137$6,230$5,425$4,715$3,345
14 years$7,496$6,488$5,598$4,816$4,133$2,840
15 years$6,924$5,927$5,054$4,295$3,639$2,421
16 years$6,424$5,438$4,582$3,846$3,216$2,071
17 years$5,983$5,008$4,169$3,455$2,852$1,775
18 years$5,592$4,627$3,806$3,114$2,536$1,526
19 years$5,242$4,289$3,484$2,814$2,260$1,314
20 years$4,928$3,985$3,198$2,548$2,019$1,133
21 years$4,644$3,712$2,941$2,313$1,807$978
22 years$4,386$3,465$2,711$2,103$1,619$846
23 years$4,151$3,241$2,503$1,915$1,454$732
24 years$3,936$3,036$2,315$1,747$1,307$634
25 years$3,738$2,850$2,144$1,595$1,176$550
26 years$3,556$2,678$1,989$1,459$1,059$477
27 years$3,388$2,520$1,846$1,335$955$414
28 years$3,232$2,375$1,717$1,223$862$359
29 years$3,087$2,241$1,597$1,122$778$312
30 years$2,952$2,116$1,488$1,029$703$271
31 years$2,825$2,000$1,387$945$635$236
32 years$2,707$1,893$1,294$869$575$205
33 years$2,597$1,792$1,208$799$520$178
34 years$2,493$1,699$1,129$735$471$155
35 years$2,395$1,611$1,056$677$427$135
36 years$2,303$1,529$988$623$387$117
37 years$2,216$1,453$924$574$350$102
38 years$2,134$1,380$866$529$318$89
39 years$2,056$1,313$811$488$288$77
40 years$1,982$1,249$760$450$261$67
41 years$1,912$1,189$713$415$237$59
42 years$1,846$1,132$669$383$215$51
43 years$1,783$1,079$627$354$195$44
44 years$1,723$1,028$589$327$177$39
45 years$1,666$981$553$302$161$34
46 years$1,611$935$519$279$146$29
47 years$1,559$893$488$257$133$26
48 years$1,509$852$458$238$120$22
49 years$1,461$814$431$220$109$19
50 years$1,416$777$405$203$99$17

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 $2,686 every year, while hoping to spend $38,757 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: 75/7/18 Blend
58$1,450,000$1,450,000$1,450,000$1,450,000
59$1,600,671$1,523,821$1,501,346$1,713,906
60$1,722,702$1,557,251$1,510,404$1,822,687
61$1,855,881$1,591,020$1,518,466$1,936,851
62$2,001,305$1,625,104$1,525,459$2,060,963
63$2,160,180$1,659,476$1,531,303$2,196,003
64$2,333,835$1,694,106$1,535,918$2,343,053
65$2,523,732$1,728,963$1,539,217$2,503,302
66$2,731,481$1,764,011$1,541,110$2,678,063
67$2,958,857$1,799,212$1,541,501$2,868,781
68$3,207,810$1,834,524$1,540,292$3,077,048
69$3,480,493$1,869,901$1,537,377$3,304,618
70$3,779,271$1,905,295$1,532,648$3,553,425
71$4,106,754$1,940,651$1,525,988$3,825,600
72$4,465,813$1,975,913$1,517,279$4,123,488
73$4,859,611$2,011,018$1,506,393$4,449,677
74$5,291,632$2,045,899$1,493,199$4,807,016
75$5,765,715$2,080,484$1,477,557$5,198,648
76$6,286,085$2,114,696$1,459,323$5,628,032
77$6,857,400$2,148,450$1,438,344$6,098,983
78$7,484,788$2,181,657$1,414,462$6,615,704
79$8,173,900$2,214,221$1,387,509$7,182,827
80$8,930,959$2,246,040$1,357,312$7,805,457
81$9,762,823$2,277,002$1,323,689$8,489,218
82$10,677,046$2,306,990$1,286,447$9,240,312
83$11,681,950$2,335,877$1,245,388$10,065,568
84$12,786,702$2,363,529$1,200,302$10,972,517
85$14,001,405$2,389,801$1,150,972$11,969,457
86$15,337,188$2,414,541$1,097,168$13,065,531
87$16,806,311$2,437,583$1,038,653$14,270,817
88$18,422,283$2,458,753$975,176$15,596,423
89$20,199,989$2,477,865$906,478$17,054,586
90$22,155,828$2,494,720$832,285$18,658,797
91$24,307,868$2,509,108$752,313$20,423,921
92$26,676,020$2,520,803$666,264$22,366,341
93$29,282,219$2,529,567$573,829$24,504,114
94$32,150,635$2,535,146$474,682$26,857,135
95$35,307,901$2,537,269$368,485$29,447,336
96$38,783,361$2,535,650$254,884$32,298,883
97$42,609,352$2,529,984$133,510$35,438,410
98$46,821,501$2,519,949$3,978$38,895,270
99$51,459,069$2,505,201$0$42,701,810
100$56,565,314$2,485,376$0$46,919,465