Can I retire at age 59 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$122,217$121,128$120,066$119,030$118,017$116,302
2 years$60,503$59,377$58,285$57,226$56,199$54,474
3 years$39,935$38,803$37,714$36,665$35,655$33,974
4 years$29,653$28,525$27,446$26,415$25,429$23,806
5 years$23,485$22,364$21,299$20,289$19,331$17,770
6 years$19,375$18,262$17,213$16,226$15,296$13,799
7 years$16,440$15,336$14,304$13,340$12,440$11,007
8 years$14,239$13,146$12,131$11,191$10,320$8,951
9 years$12,529$11,446$10,448$9,532$8,691$7,386
10 years$11,162$10,089$9,109$8,217$7,405$6,162
11 years$10,044$8,982$8,020$7,151$6,369$5,187
12 years$9,112$8,061$7,117$6,272$5,519$4,398
13 years$8,325$7,285$6,359$5,537$4,813$3,750
14 years$7,651$6,622$5,713$4,916$4,219$3,212
15 years$7,067$6,049$5,158$4,384$3,714$2,763
16 years$6,557$5,550$4,677$3,925$3,283$2,384
17 years$6,107$5,111$4,256$3,527$2,911$2,064
18 years$5,708$4,723$3,885$3,178$2,588$1,790
19 years$5,351$4,377$3,556$2,872$2,307$1,556
20 years$5,030$4,068$3,264$2,601$2,061$1,355
21 years$4,740$3,789$3,002$2,361$1,844$1,182
22 years$4,477$3,537$2,767$2,146$1,653$1,032
23 years$4,237$3,308$2,555$1,955$1,484$902
24 years$4,017$3,099$2,363$1,783$1,334$789
25 years$3,816$2,909$2,188$1,628$1,200$691
26 years$3,630$2,734$2,030$1,489$1,081$606
27 years$3,458$2,573$1,885$1,363$975$531
28 years$3,299$2,424$1,752$1,248$879$466
29 years$3,151$2,287$1,630$1,145$794$409
30 years$3,013$2,160$1,519$1,051$717$360
31 years$2,884$2,042$1,416$965$649$316
32 years$2,763$1,932$1,321$887$587$278
33 years$2,650$1,829$1,233$816$531$244
34 years$2,544$1,734$1,152$750$481$215
35 years$2,445$1,645$1,077$691$435$189
36 years$2,351$1,561$1,008$636$395$166
37 years$2,262$1,483$943$586$358$146
38 years$2,178$1,409$883$540$324$129
39 years$2,099$1,340$828$498$294$113
40 years$2,023$1,275$776$459$267$100
41 years$1,952$1,213$727$424$242$88
42 years$1,884$1,156$682$391$220$77
43 years$1,820$1,101$640$361$199$68
44 years$1,758$1,050$601$333$181$60
45 years$1,700$1,001$564$308$164$53
46 years$1,644$955$530$284$149$46
47 years$1,591$911$498$263$135$41
48 years$1,540$870$468$243$123$36
49 years$1,492$831$440$224$112$32
50 years$1,445$793$414$207$101$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,480,000, adding $4,680 every year, while hoping to spend $30,953 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: 56/21/23 Blend
58$1,480,000$1,480,000$1,480,000$1,480,000
59$1,635,787$1,557,347$1,534,407$1,716,919
60$1,769,704$1,600,724$1,552,876$1,816,343
61$1,916,243$1,645,188$1,570,927$1,920,939
62$2,076,658$1,690,761$1,588,511$2,034,234
63$2,252,332$1,737,463$1,605,581$2,157,075
64$2,444,786$1,785,315$1,622,085$2,290,392
65$2,655,697$1,834,338$1,637,966$2,435,211
66$2,886,908$1,884,551$1,653,169$2,592,663
67$3,140,454$1,935,975$1,667,631$2,763,990
68$3,418,572$1,988,629$1,681,289$2,950,565
69$3,723,729$2,042,535$1,694,074$3,153,898
70$4,058,640$2,097,710$1,705,917$3,375,651
71$4,426,298$2,154,174$1,716,741$3,617,657
72$4,829,997$2,211,946$1,726,469$3,881,937
73$5,273,369$2,271,043$1,735,018$4,170,714
74$5,760,412$2,331,483$1,742,300$4,486,440
75$6,295,532$2,393,284$1,748,225$4,831,816
76$6,883,582$2,456,461$1,752,697$5,209,818
77$7,529,910$2,521,030$1,755,614$5,623,725
78$8,240,405$2,587,004$1,756,872$6,077,150
79$9,021,558$2,654,399$1,756,359$6,574,076
80$9,880,518$2,723,226$1,753,958$7,118,889
81$10,825,163$2,793,496$1,749,548$7,716,425
82$11,864,172$2,865,220$1,743,000$8,372,011
83$13,007,108$2,938,406$1,734,181$9,091,520
84$14,264,506$3,013,061$1,722,949$9,881,420
85$15,647,974$3,089,190$1,709,157$10,748,842
86$17,170,304$3,166,797$1,692,650$11,701,644
87$18,845,588$3,245,883$1,673,267$12,748,484
88$20,689,354$3,326,447$1,650,837$13,898,905
89$22,718,713$3,408,487$1,625,184$15,163,423
90$24,952,515$3,491,997$1,596,122$16,553,627
91$27,411,535$3,576,968$1,563,455$18,082,288
92$30,118,662$3,663,390$1,526,981$19,763,482
93$33,099,117$3,751,248$1,486,487$21,612,719
94$36,380,691$3,840,523$1,441,748$23,647,093
95$39,994,008$3,931,195$1,392,534$25,885,442
96$43,972,812$4,023,239$1,338,598$28,348,528
97$48,354,285$4,116,624$1,279,688$31,059,229
98$53,179,401$4,211,317$1,215,536$34,042,761
99$58,493,307$4,307,279$1,145,863$37,326,909
100$64,345,754$4,404,465$1,070,379$40,942,299