Can I retire at age 59 with 1,470,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$121,391$120,310$119,255$118,225$117,220$114,806
2 years$60,095$58,975$57,891$56,839$55,819$53,398
3 years$39,665$38,541$37,459$36,417$35,414$33,062
4 years$29,452$28,332$27,261$26,237$25,257$22,992
5 years$23,326$22,212$21,155$20,152$19,200$17,028
6 years$19,244$18,138$17,097$16,116$15,193$13,115
7 years$16,329$15,232$14,207$13,250$12,356$10,374
8 years$14,143$13,057$12,049$11,115$10,250$8,364
9 years$12,444$11,368$10,378$9,467$8,632$6,839
10 years$11,086$10,021$9,048$8,161$7,355$5,654
11 years$9,976$8,921$7,965$7,103$6,326$4,715
12 years$9,051$8,007$7,069$6,230$5,482$3,959
13 years$8,269$7,236$6,316$5,500$4,780$3,342
14 years$7,599$6,577$5,675$4,882$4,190$2,834
15 years$7,020$6,008$5,124$4,354$3,689$2,413
16 years$6,513$5,513$4,645$3,899$3,261$2,061
17 years$6,066$5,077$4,227$3,503$2,891$1,764
18 years$5,669$4,691$3,859$3,157$2,571$1,514
19 years$5,315$4,348$3,532$2,852$2,291$1,301
20 years$4,996$4,040$3,242$2,583$2,047$1,121
21 years$4,708$3,763$2,982$2,345$1,831$966
22 years$4,447$3,513$2,748$2,132$1,642$834
23 years$4,208$3,286$2,538$1,942$1,474$721
24 years$3,990$3,078$2,347$1,771$1,325$623
25 years$3,790$2,889$2,174$1,617$1,192$540
26 years$3,605$2,715$2,016$1,479$1,074$467
27 years$3,435$2,555$1,872$1,353$968$405
28 years$3,276$2,408$1,740$1,240$873$351
29 years$3,129$2,271$1,619$1,137$789$304
30 years$2,992$2,145$1,508$1,044$713$264
31 years$2,864$2,028$1,406$958$644$229
32 years$2,745$1,919$1,312$881$583$199
33 years$2,633$1,817$1,225$810$527$173
34 years$2,527$1,722$1,145$745$478$150
35 years$2,428$1,633$1,070$686$433$130
36 years$2,335$1,550$1,001$632$392$113
37 years$2,247$1,473$937$582$355$98
38 years$2,163$1,399$877$537$322$85
39 years$2,084$1,331$822$495$292$74
40 years$2,010$1,266$771$456$265$65
41 years$1,939$1,205$723$421$240$56
42 years$1,872$1,148$678$389$218$49
43 years$1,808$1,094$636$359$198$42
44 years$1,747$1,042$597$331$180$37
45 years$1,689$994$561$306$163$32
46 years$1,633$948$526$283$148$28
47 years$1,580$905$495$261$134$24
48 years$1,530$864$465$241$122$21
49 years$1,481$825$437$223$111$18
50 years$1,435$788$411$206$101$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,470,000, adding $2,586 every year, while hoping to spend $45,443 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: 75/13/12 Blend
58$1,470,000$1,470,000$1,470,000$1,470,000
59$1,622,607$1,544,697$1,521,912$1,740,251
60$1,739,762$1,572,037$1,524,546$1,845,568
61$1,867,344$1,599,192$1,525,744$1,954,998
62$2,006,368$1,626,108$1,525,411$2,073,667
63$2,157,952$1,652,721$1,523,447$2,202,478
64$2,323,326$1,678,968$1,519,745$2,342,425
65$2,503,844$1,704,776$1,514,195$2,494,604
66$2,700,996$1,730,070$1,506,681$2,660,222
67$2,916,423$1,754,769$1,497,080$2,840,609
68$3,151,931$1,778,785$1,485,265$3,037,231
69$3,409,510$1,802,027$1,471,103$3,251,702
70$3,691,347$1,824,394$1,454,453$3,485,801
71$3,999,856$1,845,780$1,435,168$3,741,489
72$4,337,690$1,866,072$1,413,094$4,020,924
73$4,707,773$1,885,149$1,388,072$4,326,488
74$5,113,325$1,902,880$1,359,932$4,660,803
75$5,557,893$1,919,130$1,328,498$5,026,760
76$6,045,381$1,933,750$1,293,586$5,427,544
77$6,580,091$1,946,585$1,255,002$5,866,664
78$7,166,761$1,957,469$1,212,546$6,347,990
79$7,810,610$1,966,224$1,166,005$6,875,785
80$8,517,386$1,972,663$1,115,160$7,454,746
81$9,293,421$1,976,585$1,059,780$8,090,051
82$10,145,690$1,977,778$999,623$8,787,408
83$11,081,878$1,976,017$934,437$9,553,104
84$12,110,449$1,971,060$863,960$10,394,071
85$13,240,727$1,962,655$787,915$11,317,948
86$14,482,987$1,950,531$706,016$12,333,152
87$15,848,546$1,934,401$617,962$13,448,963
88$17,349,874$1,913,963$523,440$14,675,606
89$19,000,707$1,888,893$422,121$16,024,351
90$20,816,181$1,858,851$313,664$17,507,618
91$22,812,972$1,823,475$197,712$19,139,097
92$25,009,452$1,782,382$73,893$20,933,874
93$27,425,864$1,735,167$0$22,908,577
94$30,084,512$1,681,400$0$25,088,989
95$33,009,970$1,620,626$0$27,498,429
96$36,229,315$1,552,365$0$30,149,742
97$39,772,382$1,476,107$0$33,067,515
98$43,672,043$1,391,315$0$36,278,843
99$47,964,520$1,297,418$0$39,813,587
100$52,689,725$1,193,816$0$43,704,651