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%13.1%
1 years$122,217$121,128$120,066$119,030$118,017$116,494
2 years$60,503$59,377$58,285$57,226$56,199$54,666
3 years$39,935$38,803$37,714$36,665$35,655$34,161
4 years$29,653$28,525$27,446$26,415$25,429$23,985
5 years$23,485$22,364$21,299$20,289$19,331$17,941
6 years$19,375$18,262$17,213$16,226$15,296$13,962
7 years$16,440$15,336$14,304$13,340$12,440$11,162
8 years$14,239$13,146$12,131$11,191$10,320$9,098
9 years$12,529$11,446$10,448$9,532$8,691$7,525
10 years$11,162$10,089$9,109$8,217$7,405$6,294
11 years$10,044$8,982$8,020$7,151$6,369$5,311
12 years$9,112$8,061$7,117$6,272$5,519$4,514
13 years$8,325$7,285$6,359$5,537$4,813$3,859
14 years$7,651$6,622$5,713$4,916$4,219$3,315
15 years$7,067$6,049$5,158$4,384$3,714$2,859
16 years$6,557$5,550$4,677$3,925$3,283$2,474
17 years$6,107$5,111$4,256$3,527$2,911$2,147
18 years$5,708$4,723$3,885$3,178$2,588$1,868
19 years$5,351$4,377$3,556$2,872$2,307$1,629
20 years$5,030$4,068$3,264$2,601$2,061$1,422
21 years$4,740$3,789$3,002$2,361$1,844$1,244
22 years$4,477$3,537$2,767$2,146$1,653$1,090
23 years$4,237$3,308$2,555$1,955$1,484$956
24 years$4,017$3,099$2,363$1,783$1,334$839
25 years$3,816$2,909$2,188$1,628$1,200$737
26 years$3,630$2,734$2,030$1,489$1,081$648
27 years$3,458$2,573$1,885$1,363$975$570
28 years$3,299$2,424$1,752$1,248$879$502
29 years$3,151$2,287$1,630$1,145$794$442
30 years$3,013$2,160$1,519$1,051$717$390
31 years$2,884$2,042$1,416$965$649$343
32 years$2,763$1,932$1,321$887$587$303
33 years$2,650$1,829$1,233$816$531$267
34 years$2,544$1,734$1,152$750$481$236
35 years$2,445$1,645$1,077$691$435$208
36 years$2,351$1,561$1,008$636$395$184
37 years$2,262$1,483$943$586$358$162
38 years$2,178$1,409$883$540$324$143
39 years$2,099$1,340$828$498$294$127
40 years$2,023$1,275$776$459$267$112
41 years$1,952$1,213$727$424$242$99
42 years$1,884$1,156$682$391$220$87
43 years$1,820$1,101$640$361$199$77
44 years$1,758$1,050$601$333$181$68
45 years$1,700$1,001$564$308$164$60
46 years$1,644$955$530$284$149$53
47 years$1,591$911$498$263$135$47
48 years$1,540$870$468$243$123$42
49 years$1,492$831$440$224$112$37
50 years$1,445$793$414$207$101$32

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 $2,093 every year, while hoping to spend $43,599 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: 65/21/14 Blend
58$1,480,000$1,480,000$1,480,000$1,480,000
59$1,633,119$1,554,679$1,531,739$1,733,735
60$1,753,308$1,584,469$1,536,663$1,831,048
61$1,884,295$1,614,258$1,540,291$1,932,080
62$2,027,136$1,643,999$1,542,533$2,041,395
63$2,182,991$1,673,643$1,543,296$2,159,801
64$2,353,140$1,703,135$1,542,480$2,288,188
65$2,538,990$1,732,418$1,539,983$2,427,536
66$2,742,091$1,761,430$1,535,696$2,578,927
67$2,964,147$1,790,104$1,529,505$2,743,549
68$3,207,038$1,818,366$1,521,291$2,922,717
69$3,472,831$1,846,141$1,510,929$3,117,876
70$3,763,803$1,873,345$1,498,289$3,330,620
71$4,082,461$1,899,890$1,483,232$3,562,706
72$4,431,568$1,925,680$1,465,615$3,816,070
73$4,814,163$1,950,613$1,445,289$4,092,847
74$5,233,595$1,974,582$1,422,094$4,395,388
75$5,693,555$1,997,469$1,395,867$4,726,287
76$6,198,103$2,019,150$1,366,434$5,088,402
77$6,751,715$2,039,494$1,333,615$5,484,882
78$7,359,320$2,058,359$1,297,221$5,919,201
79$8,026,346$2,075,595$1,257,054$6,395,185
80$8,758,776$2,091,041$1,212,907$6,917,053
81$9,563,196$2,104,527$1,164,564$7,489,456
82$10,446,864$2,115,871$1,111,799$8,117,520
83$11,417,775$2,124,879$1,054,376$8,806,894
84$12,484,737$2,131,347$992,046$9,563,808
85$13,657,453$2,135,056$924,553$10,395,126
86$14,946,614$2,135,774$851,625$11,308,416
87$16,363,995$2,133,255$772,982$12,312,018
88$17,922,574$2,127,235$688,328$13,415,128
89$19,636,646$2,117,439$597,356$14,627,880
90$21,521,961$2,103,571$499,745$15,961,445
91$23,595,873$2,085,317$395,158$17,428,135
92$25,877,502$2,062,348$283,246$19,041,524
93$28,387,915$2,034,311$163,643$20,816,572
94$31,150,324$2,000,834$35,967$22,769,768
95$34,190,304$1,961,522$0$24,919,287
96$37,536,035$1,915,957$0$27,300,144
97$41,218,568$1,863,696$0$29,926,147
98$45,272,116$1,804,271$0$32,816,321
99$49,734,378$1,737,186$0$35,997,560
100$54,646,892$1,661,915$0$39,499,501