Can I retire at age 59 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$123,043$121,947$120,878$119,834$118,815$114,736
2 years$60,912$59,778$58,678$57,612$56,578$52,511
3 years$40,205$39,065$37,969$36,913$35,896$31,967
4 years$29,853$28,717$27,632$26,594$25,601$21,841
5 years$23,644$22,515$21,443$20,426$19,462$15,880
6 years$19,505$18,385$17,329$16,335$15,399$12,000
7 years$16,551$15,440$14,401$13,430$12,524$9,305
8 years$14,336$13,235$12,213$11,266$10,390$7,349
9 years$12,614$11,523$10,519$9,596$8,750$5,884
10 years$11,237$10,157$9,171$8,272$7,455$4,759
11 years$10,111$9,042$8,074$7,199$6,412$3,880
12 years$9,174$8,116$7,165$6,315$5,556$3,184
13 years$8,381$7,334$6,402$5,575$4,845$2,625
14 years$7,703$6,667$5,752$4,949$4,247$2,173
15 years$7,115$6,090$5,193$4,413$3,740$1,805
16 years$6,601$5,588$4,708$3,952$3,305$1,503
17 years$6,148$5,146$4,284$3,551$2,930$1,255
18 years$5,746$4,755$3,911$3,200$2,606$1,049
19 years$5,387$4,407$3,580$2,891$2,322$879
20 years$5,064$4,095$3,286$2,619$2,074$737
21 years$4,772$3,815$3,022$2,377$1,856$618
22 years$4,507$3,561$2,786$2,161$1,664$519
23 years$4,266$3,330$2,572$1,968$1,494$437
24 years$4,045$3,120$2,379$1,795$1,343$367
25 years$3,841$2,928$2,203$1,639$1,208$309
26 years$3,654$2,752$2,043$1,499$1,088$260
27 years$3,481$2,590$1,897$1,372$981$219
28 years$3,321$2,441$1,764$1,257$885$185
29 years$3,172$2,302$1,641$1,153$799$156
30 years$3,033$2,174$1,529$1,058$722$131
31 years$2,903$2,055$1,425$972$653$111
32 years$2,782$1,945$1,330$893$591$93
33 years$2,668$1,842$1,242$821$535$79
34 years$2,562$1,746$1,160$755$484$66
35 years$2,461$1,656$1,085$695$438$56
36 years$2,366$1,572$1,015$640$397$47
37 years$2,277$1,493$950$590$360$40
38 years$2,193$1,418$889$544$326$34
39 years$2,113$1,349$833$502$296$28
40 years$2,037$1,283$781$463$268$24
41 years$1,965$1,222$732$427$244$20
42 years$1,897$1,163$687$394$221$17
43 years$1,832$1,108$645$364$201$14
44 years$1,770$1,057$605$336$182$12
45 years$1,711$1,008$568$310$165$10
46 years$1,655$961$534$286$150$9
47 years$1,602$917$501$265$136$7
48 years$1,551$876$471$244$124$6
49 years$1,502$836$443$226$112$5
50 years$1,455$799$416$209$102$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,490,000, adding $6,265 every year, while hoping to spend $53,183 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: 60/33/7 Blend
58$1,490,000$1,490,000$1,490,000$1,490,000
59$1,648,442$1,569,472$1,546,377$1,744,612
60$1,759,997$1,589,790$1,541,595$1,830,085
61$1,881,148$1,609,321$1,534,869$1,916,607
62$2,012,818$1,627,970$1,526,080$2,009,633
63$2,156,021$1,645,637$1,515,100$2,109,792
64$2,311,875$1,662,213$1,501,796$2,217,774
65$2,481,609$1,677,584$1,486,028$2,334,343
66$2,666,573$1,691,626$1,467,650$2,460,339
67$2,868,257$1,704,209$1,446,510$2,596,690
68$3,088,298$1,715,194$1,422,446$2,744,419
69$3,328,499$1,724,432$1,395,293$2,904,656
70$3,590,843$1,731,768$1,364,873$3,078,644
71$3,877,517$1,737,032$1,331,004$3,267,759
72$4,190,924$1,740,046$1,293,493$3,473,513
73$4,533,712$1,740,623$1,252,139$3,697,578
74$4,908,797$1,738,560$1,206,732$3,941,798
75$5,319,389$1,733,644$1,157,052$4,208,205
76$5,769,023$1,725,649$1,102,870$4,499,042
77$6,261,593$1,714,335$1,043,945$4,816,783
78$6,801,384$1,699,446$980,026$5,164,155
79$7,393,119$1,680,712$910,850$5,544,169
80$8,041,998$1,657,848$836,144$5,960,144
81$8,753,748$1,630,549$755,621$6,415,742
82$9,534,677$1,598,493$668,982$6,915,001
83$10,391,735$1,561,340$575,914$7,462,374
84$11,332,575$1,518,729$476,090$8,062,775
85$12,365,629$1,470,277$369,170$8,721,622
86$13,500,184$1,415,582$254,798$9,444,890
87$14,746,471$1,354,214$132,602$10,239,169
88$16,115,761$1,285,720$2,195$11,111,728
89$17,620,472$1,209,623$0$12,070,580
90$19,274,281$1,125,416$0$13,134,797
91$21,092,259$1,032,563$0$14,304,734
92$23,091,009$930,498$0$15,591,010
93$25,288,822$818,623$0$17,005,512
94$27,705,852$696,306$0$18,561,347
95$30,364,303$562,879$0$20,272,964
96$33,288,638$417,636$0$22,156,294
97$36,505,812$259,832$0$24,228,903
98$40,045,521$88,681$0$26,510,152
99$43,940,489$0$0$29,021,392
100$48,226,768$0$0$31,821,253