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%16.8%
1 years$123,043$121,947$120,878$119,834$118,815$115,521
2 years$60,912$59,778$58,678$57,612$56,578$53,285
3 years$40,205$39,065$37,969$36,913$35,896$32,705
4 years$29,853$28,717$27,632$26,594$25,601$22,538
5 years$23,644$22,515$21,443$20,426$19,462$16,534
6 years$19,505$18,385$17,329$16,335$15,399$12,611
7 years$16,551$15,440$14,401$13,430$12,524$9,874
8 years$14,336$13,235$12,213$11,266$10,390$7,877
9 years$12,614$11,523$10,519$9,596$8,750$6,372
10 years$11,237$10,157$9,171$8,272$7,455$5,210
11 years$10,111$9,042$8,074$7,199$6,412$4,295
12 years$9,174$8,116$7,165$6,315$5,556$3,563
13 years$8,381$7,334$6,402$5,575$4,845$2,972
14 years$7,703$6,667$5,752$4,949$4,247$2,490
15 years$7,115$6,090$5,193$4,413$3,740$2,093
16 years$6,601$5,588$4,708$3,952$3,305$1,765
17 years$6,148$5,146$4,284$3,551$2,930$1,491
18 years$5,746$4,755$3,911$3,200$2,606$1,263
19 years$5,387$4,407$3,580$2,891$2,322$1,071
20 years$5,064$4,095$3,286$2,619$2,074$910
21 years$4,772$3,815$3,022$2,377$1,856$774
22 years$4,507$3,561$2,786$2,161$1,664$659
23 years$4,266$3,330$2,572$1,968$1,494$561
24 years$4,045$3,120$2,379$1,795$1,343$479
25 years$3,841$2,928$2,203$1,639$1,208$408
26 years$3,654$2,752$2,043$1,499$1,088$348
27 years$3,481$2,590$1,897$1,372$981$298
28 years$3,321$2,441$1,764$1,257$885$254
29 years$3,172$2,302$1,641$1,153$799$217
30 years$3,033$2,174$1,529$1,058$722$186
31 years$2,903$2,055$1,425$972$653$159
32 years$2,782$1,945$1,330$893$591$136
33 years$2,668$1,842$1,242$821$535$116
34 years$2,562$1,746$1,160$755$484$99
35 years$2,461$1,656$1,085$695$438$85
36 years$2,366$1,572$1,015$640$397$73
37 years$2,277$1,493$950$590$360$62
38 years$2,193$1,418$889$544$326$53
39 years$2,113$1,349$833$502$296$46
40 years$2,037$1,283$781$463$268$39
41 years$1,965$1,222$732$427$244$33
42 years$1,897$1,163$687$394$221$29
43 years$1,832$1,108$645$364$201$24
44 years$1,770$1,057$605$336$182$21
45 years$1,711$1,008$568$310$165$18
46 years$1,655$961$534$286$150$15
47 years$1,602$917$501$265$136$13
48 years$1,551$876$471$244$124$11
49 years$1,502$836$443$226$112$10
50 years$1,455$799$416$209$102$8

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 $6,757 every year, while hoping to spend $32,240 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: 76/5/19 Blend
58$1,490,000$1,490,000$1,490,000$1,490,000
59$1,648,950$1,569,980$1,546,885$1,766,526
60$1,782,840$1,612,606$1,564,402$1,887,900
61$1,929,306$1,656,240$1,581,426$2,016,293
62$2,089,597$1,700,897$1,597,906$2,156,215
63$2,265,087$1,746,593$1,613,788$2,308,807
64$2,457,293$1,793,343$1,629,016$2,475,327
65$2,667,879$1,841,159$1,643,531$2,657,161
66$2,898,684$1,890,057$1,657,270$2,855,836
67$3,151,729$1,940,049$1,670,168$3,073,034
68$3,429,243$1,991,149$1,682,156$3,310,607
69$3,733,678$2,043,367$1,693,160$3,570,597
70$4,067,736$2,096,716$1,703,105$3,855,252
71$4,434,396$2,151,205$1,711,909$4,167,051
72$4,836,935$2,206,845$1,719,488$4,508,723
73$5,278,965$2,263,643$1,725,754$4,883,276
74$5,764,464$2,321,607$1,730,612$5,294,026
75$6,297,817$2,380,743$1,733,965$5,744,624
76$6,883,851$2,441,056$1,735,710$6,239,094
77$7,527,886$2,502,550$1,735,738$6,781,870
78$8,235,782$2,565,226$1,733,936$7,377,838
79$9,013,995$2,629,085$1,730,186$8,032,383
80$9,869,637$2,694,126$1,724,362$8,751,437
81$10,810,546$2,760,344$1,716,334$9,541,537
82$11,845,355$2,827,734$1,705,965$10,409,888
83$12,983,577$2,896,288$1,693,110$11,364,427
84$14,235,692$2,965,997$1,677,620$12,413,903
85$15,613,248$3,036,846$1,659,336$13,567,956
86$17,128,969$3,108,821$1,638,093$14,837,209
87$18,796,874$3,181,903$1,613,719$16,233,368
88$20,632,408$3,256,069$1,586,031$17,769,333
89$22,652,591$3,331,294$1,554,841$19,459,321
90$24,876,177$3,407,550$1,519,950$21,318,996
91$27,323,829$3,484,802$1,481,151$23,365,623
92$30,018,316$3,563,013$1,438,225$25,618,227
93$32,984,725$3,642,141$1,390,946$28,097,771
94$36,250,700$3,722,140$1,339,077$30,827,362
95$39,846,704$3,802,957$1,282,368$33,832,457
96$43,806,300$3,884,534$1,220,560$37,141,117
97$48,166,475$3,966,809$1,153,381$40,784,259
98$52,967,984$4,049,711$1,080,548$44,795,959
99$58,255,735$4,133,164$1,001,763$49,213,766
100$64,079,216$4,217,084$916,717$54,079,062