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%15.8%
1 years$120,565$119,492$118,444$117,421$116,422$113,654
2 years$59,686$58,574$57,497$56,452$55,439$52,666
3 years$39,395$38,279$37,204$36,170$35,173$32,482
4 years$29,252$28,139$27,075$26,058$25,086$22,498
5 years$23,168$22,061$21,011$20,015$19,070$16,592
6 years$19,113$18,015$16,980$16,006$15,089$12,724
7 years$16,217$15,129$14,111$13,160$12,272$10,019
8 years$14,047$12,968$11,967$11,039$10,180$8,040
9 years$12,360$11,291$10,307$9,403$8,573$6,543
10 years$11,011$9,953$8,986$8,106$7,305$5,383
11 years$9,908$8,860$7,911$7,054$6,283$4,466
12 years$8,989$7,952$7,021$6,188$5,444$3,730
13 years$8,213$7,187$6,273$5,463$4,748$3,132
14 years$7,548$6,532$5,636$4,849$4,162$2,642
15 years$6,972$5,968$5,089$4,325$3,664$2,237
16 years$6,468$5,475$4,614$3,872$3,238$1,899
17 years$6,025$5,042$4,198$3,479$2,871$1,617
18 years$5,631$4,659$3,832$3,135$2,553$1,379
19 years$5,279$4,318$3,508$2,833$2,276$1,179
20 years$4,962$4,013$3,220$2,566$2,033$1,009
21 years$4,676$3,738$2,962$2,329$1,819$865
22 years$4,416$3,489$2,730$2,117$1,631$742
23 years$4,180$3,263$2,520$1,928$1,464$637
24 years$3,963$3,057$2,331$1,759$1,316$547
25 years$3,764$2,869$2,159$1,606$1,184$471
26 years$3,581$2,697$2,002$1,469$1,066$405
27 years$3,411$2,538$1,859$1,344$961$349
28 years$3,254$2,391$1,728$1,232$867$300
29 years$3,108$2,256$1,608$1,129$783$259
30 years$2,972$2,131$1,498$1,037$708$223
31 years$2,845$2,014$1,397$952$640$192
32 years$2,726$1,906$1,303$875$579$166
33 years$2,615$1,805$1,217$805$524$143
34 years$2,510$1,710$1,137$740$474$123
35 years$2,412$1,622$1,063$681$430$106
36 years$2,319$1,540$994$628$389$92
37 years$2,231$1,463$931$578$353$79
38 years$2,149$1,390$872$533$320$68
39 years$2,070$1,322$817$491$290$59
40 years$1,996$1,257$765$453$263$51
41 years$1,926$1,197$718$418$239$44
42 years$1,859$1,140$673$386$217$38
43 years$1,795$1,086$632$356$197$33
44 years$1,735$1,035$593$329$178$28
45 years$1,677$987$557$304$162$24
46 years$1,622$942$523$281$147$21
47 years$1,570$899$491$259$134$18
48 years$1,519$858$462$240$121$16
49 years$1,471$819$434$221$110$14
50 years$1,425$783$408$205$100$12

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 $5,662 every year, while hoping to spend $57,689 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: 71/5/24 Blend
58$1,460,000$1,460,000$1,460,000$1,460,000
59$1,614,760$1,537,380$1,514,750$1,719,291
60$1,718,085$1,551,331$1,504,114$1,803,801
61$1,830,016$1,564,032$1,491,188$1,888,998
62$1,951,369$1,575,361$1,475,834$1,980,898
63$2,083,043$1,585,188$1,457,908$2,080,162
64$2,226,025$1,593,375$1,437,261$2,187,519
65$2,381,403$1,599,774$1,413,732$2,303,771
66$2,550,372$1,604,228$1,387,158$2,429,804
67$2,734,247$1,606,572$1,357,364$2,566,597
68$2,934,474$1,606,628$1,324,170$2,715,228
69$3,152,647$1,604,209$1,287,386$2,876,886
70$3,390,517$1,599,116$1,246,814$3,052,881
71$3,650,013$1,591,136$1,202,246$3,244,662
72$3,933,259$1,580,046$1,153,465$3,453,823
73$4,242,590$1,565,607$1,100,245$3,682,125
74$4,580,580$1,547,568$1,042,349$3,931,508
75$4,950,060$1,525,659$979,528$4,204,112
76$5,354,147$1,499,598$911,524$4,502,299
77$5,796,276$1,469,084$838,066$4,828,672
78$6,280,227$1,433,799$758,872$5,186,102
79$6,810,161$1,393,407$673,645$5,577,755
80$7,390,663$1,347,549$582,078$6,007,123
81$8,026,781$1,295,850$483,848$6,478,056
82$8,724,075$1,237,908$378,619$6,994,800
83$9,488,667$1,173,303$266,039$7,562,037
84$10,327,302$1,101,585$145,742$8,184,929
85$11,247,408$1,022,284$17,346$8,869,168
86$12,257,166$934,898$0$9,621,032
87$13,365,589$838,900$0$10,478,088
88$14,582,604$733,732$0$11,424,051
89$15,919,147$618,802$0$12,463,000
90$17,387,265$493,488$0$13,604,327
91$19,000,228$357,131$0$14,858,380
92$20,772,657$209,035$0$16,236,561
93$22,720,656$48,467$0$17,751,432
94$24,861,972$0$0$19,416,835
95$27,216,151$0$0$21,254,918
96$29,804,732$0$0$23,279,029
97$32,651,443$0$0$25,505,068
98$35,782,427$0$0$27,953,487
99$39,226,488$0$0$30,646,823
100$43,015,363$0$0$33,609,904