Can I retire at age 59 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$120,565$119,492$118,444$117,421$116,422$114,447
2 years$59,686$58,574$57,497$56,452$55,439$53,455
3 years$39,395$38,279$37,204$36,170$35,173$33,242
4 years$29,252$28,139$27,075$26,058$25,086$23,222
5 years$23,168$22,061$21,011$20,015$19,070$17,280
6 years$19,113$18,015$16,980$16,006$15,089$13,374
7 years$16,217$15,129$14,111$13,160$12,272$10,633
8 years$14,047$12,968$11,967$11,039$10,180$8,617
9 years$12,360$11,291$10,307$9,403$8,573$7,085
10 years$11,011$9,953$8,986$8,106$7,305$5,890
11 years$9,908$8,860$7,911$7,054$6,283$4,939
12 years$8,989$7,952$7,021$6,188$5,444$4,171
13 years$8,213$7,187$6,273$5,463$4,748$3,542
14 years$7,548$6,532$5,636$4,849$4,162$3,023
15 years$6,972$5,968$5,089$4,325$3,664$2,589
16 years$6,468$5,475$4,614$3,872$3,238$2,225
17 years$6,025$5,042$4,198$3,479$2,871$1,917
18 years$5,631$4,659$3,832$3,135$2,553$1,656
19 years$5,279$4,318$3,508$2,833$2,276$1,433
20 years$4,962$4,013$3,220$2,566$2,033$1,243
21 years$4,676$3,738$2,962$2,329$1,819$1,079
22 years$4,416$3,489$2,730$2,117$1,631$938
23 years$4,180$3,263$2,520$1,928$1,464$816
24 years$3,963$3,057$2,331$1,759$1,316$711
25 years$3,764$2,869$2,159$1,606$1,184$620
26 years$3,581$2,697$2,002$1,469$1,066$540
27 years$3,411$2,538$1,859$1,344$961$472
28 years$3,254$2,391$1,728$1,232$867$412
29 years$3,108$2,256$1,608$1,129$783$360
30 years$2,972$2,131$1,498$1,037$708$315
31 years$2,845$2,014$1,397$952$640$275
32 years$2,726$1,906$1,303$875$579$240
33 years$2,615$1,805$1,217$805$524$210
34 years$2,510$1,710$1,137$740$474$184
35 years$2,412$1,622$1,063$681$430$161
36 years$2,319$1,540$994$628$389$141
37 years$2,231$1,463$931$578$353$123
38 years$2,149$1,390$872$533$320$108
39 years$2,070$1,322$817$491$290$95
40 years$1,996$1,257$765$453$263$83
41 years$1,926$1,197$718$418$239$73
42 years$1,859$1,140$673$386$217$64
43 years$1,795$1,086$632$356$197$56
44 years$1,735$1,035$593$329$178$49
45 years$1,677$987$557$304$162$43
46 years$1,622$942$523$281$147$37
47 years$1,570$899$491$259$134$33
48 years$1,519$858$462$240$121$29
49 years$1,471$819$434$221$110$25
50 years$1,425$783$408$205$100$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,460,000, adding $2,713 every year, while hoping to spend $39,880 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: 23/48/29 Blend
58$1,460,000$1,460,000$1,460,000$1,460,000
59$1,611,718$1,534,338$1,511,708$1,633,999
60$1,733,682$1,567,089$1,519,919$1,686,428
61$1,866,749$1,600,108$1,527,067$1,738,999
62$2,012,010$1,633,366$1,533,077$1,794,442
63$2,170,665$1,666,831$1,537,865$1,853,021
64$2,344,037$1,700,469$1,541,347$1,915,028
65$2,533,579$1,734,243$1,543,433$1,980,786
66$2,740,893$1,768,110$1,544,028$2,050,652
67$2,967,744$1,802,028$1,543,032$2,125,020
68$3,216,073$1,835,946$1,540,343$2,204,328
69$3,488,019$1,869,813$1,535,850$2,289,059
70$3,785,935$1,903,573$1,529,440$2,379,747
71$4,112,417$1,937,164$1,520,993$2,476,982
72$4,470,320$1,970,522$1,510,382$2,581,419
73$4,862,790$2,003,575$1,497,477$2,693,779
74$5,293,291$2,036,246$1,482,140$2,814,862
75$5,765,640$2,068,456$1,464,225$2,945,549
76$6,284,041$2,100,115$1,443,581$3,086,817
77$6,853,123$2,131,131$1,420,051$3,239,746
78$7,477,986$2,161,401$1,393,468$3,405,526
79$8,164,250$2,190,819$1,363,658$3,585,477
80$8,918,103$2,219,269$1,330,440$3,781,055
81$9,746,364$2,246,627$1,293,625$3,993,868
82$10,656,544$2,272,763$1,253,012$4,225,695
83$11,656,918$2,297,535$1,208,394$4,478,500
84$12,756,602$2,320,793$1,159,554$4,754,454
85$13,965,641$2,342,377$1,106,264$5,055,952
86$15,295,099$2,362,116$1,048,287$5,385,644
87$16,757,168$2,379,829$985,373$5,746,452
88$18,365,280$2,395,321$917,264$6,141,607
89$20,134,235$2,408,388$843,689$6,574,674
90$22,080,337$2,418,809$764,363$7,049,592
91$24,221,553$2,426,352$678,990$7,570,707
92$26,577,677$2,430,769$587,262$8,142,820
93$29,170,519$2,431,796$488,854$8,771,229
94$32,024,112$2,429,154$383,431$9,461,784
95$35,164,935$2,422,546$270,639$10,220,942
96$38,622,164$2,411,656$150,111$11,055,829
97$42,427,948$2,396,151$21,463$11,974,309
98$46,617,711$2,375,675$0$12,985,064
99$51,230,487$2,349,852$0$14,133,512
100$56,309,285$2,318,284$0$15,403,800