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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$121,391$120,310$119,255$118,225$117,220$114,386
2 years$60,095$58,975$57,891$56,839$55,819$52,981
3 years$39,665$38,541$37,459$36,417$35,414$32,660
4 years$29,452$28,332$27,261$26,237$25,257$22,610
5 years$23,326$22,212$21,155$20,152$19,200$16,666
6 years$19,244$18,138$17,097$16,116$15,193$12,774
7 years$16,329$15,232$14,207$13,250$12,356$10,053
8 years$14,143$13,057$12,049$11,115$10,250$8,062
9 years$12,444$11,368$10,378$9,467$8,632$6,557
10 years$11,086$10,021$9,048$8,161$7,355$5,391
11 years$9,976$8,921$7,965$7,103$6,326$4,470
12 years$9,051$8,007$7,069$6,230$5,482$3,731
13 years$8,269$7,236$6,316$5,500$4,780$3,131
14 years$7,599$6,577$5,675$4,882$4,190$2,639
15 years$7,020$6,008$5,124$4,354$3,689$2,233
16 years$6,513$5,513$4,645$3,899$3,261$1,894
17 years$6,066$5,077$4,227$3,503$2,891$1,611
18 years$5,669$4,691$3,859$3,157$2,571$1,374
19 years$5,315$4,348$3,532$2,852$2,291$1,173
20 years$4,996$4,040$3,242$2,583$2,047$1,003
21 years$4,708$3,763$2,982$2,345$1,831$859
22 years$4,447$3,513$2,748$2,132$1,642$737
23 years$4,208$3,286$2,538$1,942$1,474$632
24 years$3,990$3,078$2,347$1,771$1,325$543
25 years$3,790$2,889$2,174$1,617$1,192$466
26 years$3,605$2,715$2,016$1,479$1,074$401
27 years$3,435$2,555$1,872$1,353$968$345
28 years$3,276$2,408$1,740$1,240$873$297
29 years$3,129$2,271$1,619$1,137$789$256
30 years$2,992$2,145$1,508$1,044$713$220
31 years$2,864$2,028$1,406$958$644$190
32 years$2,745$1,919$1,312$881$583$163
33 years$2,633$1,817$1,225$810$527$141
34 years$2,527$1,722$1,145$745$478$121
35 years$2,428$1,633$1,070$686$433$105
36 years$2,335$1,550$1,001$632$392$90
37 years$2,247$1,473$937$582$355$78
38 years$2,163$1,399$877$537$322$67
39 years$2,084$1,331$822$495$292$58
40 years$2,010$1,266$771$456$265$50
41 years$1,939$1,205$723$421$240$43
42 years$1,872$1,148$678$389$218$37
43 years$1,808$1,094$636$359$198$32
44 years$1,747$1,042$597$331$180$28
45 years$1,689$994$561$306$163$24
46 years$1,633$948$526$283$148$21
47 years$1,580$905$495$261$134$18
48 years$1,530$864$465$241$122$15
49 years$1,481$825$437$223$111$13
50 years$1,435$788$411$206$101$11

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 $2,736 every year, while hoping to spend $56,159 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: 37/41/22 Blend
58$1,470,000$1,470,000$1,470,000$1,470,000
59$1,622,762$1,544,852$1,522,067$1,671,979
60$1,728,531$1,560,797$1,513,304$1,724,050
61$1,843,206$1,575,641$1,502,364$1,774,828
62$1,967,637$1,589,271$1,489,117$1,828,540
63$2,102,757$1,601,566$1,473,423$1,885,484
64$2,249,593$1,612,398$1,455,138$1,945,991
65$2,409,276$1,621,630$1,434,110$2,010,428
66$2,583,049$1,629,117$1,410,179$2,079,204
67$2,772,279$1,634,702$1,383,179$2,152,772
68$2,978,472$1,638,224$1,352,936$2,231,636
69$3,203,284$1,639,505$1,319,268$2,316,354
70$3,448,540$1,638,361$1,281,984$2,407,547
71$3,716,244$1,634,594$1,240,884$2,505,903
72$4,008,607$1,627,995$1,195,759$2,612,186
73$4,328,060$1,618,342$1,146,392$2,727,242
74$4,677,281$1,605,399$1,092,555$2,852,009
75$5,059,216$1,588,917$1,034,008$2,987,528
76$5,477,112$1,568,629$970,503$3,134,952
77$5,934,541$1,544,256$901,779$3,295,557
78$6,435,440$1,515,500$827,564$3,470,759
79$6,984,140$1,482,045$747,573$3,662,125
80$7,585,415$1,443,558$661,509$3,871,389
81$8,244,521$1,399,685$569,063$4,100,471
82$8,967,244$1,350,052$469,909$4,351,499
83$9,759,962$1,294,264$363,710$4,626,824
84$10,629,696$1,231,900$250,112$4,929,049
85$11,584,181$1,162,519$128,746$5,261,054
86$12,631,936$1,085,651$0$5,626,023
87$13,782,346$1,000,801$0$6,027,661
88$15,045,750$907,445$0$6,501,945
89$16,433,535$805,028$0$7,023,025
90$17,958,248$692,967$0$7,595,764
91$19,633,709$570,642$0$8,225,532
92$21,475,145$437,401$0$8,918,255
93$23,499,328$292,552$0$9,680,474
94$25,724,741$135,369$0$10,519,411
95$28,171,743$0$0$11,443,036
96$30,862,766$0$0$12,475,900
97$33,822,525$0$0$13,679,307
98$37,078,250$0$0$15,003,285
99$40,659,942$0$0$16,460,061
100$44,600,657$0$0$18,063,112