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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$123,043$121,947$120,878$119,834$118,815$117,039
2 years$60,912$59,778$58,678$57,612$56,578$54,794
3 years$40,205$39,065$37,969$36,913$35,896$34,157
4 years$29,853$28,717$27,632$26,594$25,601$23,922
5 years$23,644$22,515$21,443$20,426$19,462$17,847
6 years$19,505$18,385$17,329$16,335$15,399$13,851
7 years$16,551$15,440$14,401$13,430$12,524$11,043
8 years$14,336$13,235$12,213$11,266$10,390$8,975
9 years$12,614$11,523$10,519$9,596$8,750$7,401
10 years$11,237$10,157$9,171$8,272$7,455$6,171
11 years$10,111$9,042$8,074$7,199$6,412$5,192
12 years$9,174$8,116$7,165$6,315$5,556$4,398
13 years$8,381$7,334$6,402$5,575$4,845$3,748
14 years$7,703$6,667$5,752$4,949$4,247$3,209
15 years$7,115$6,090$5,193$4,413$3,740$2,758
16 years$6,601$5,588$4,708$3,952$3,305$2,378
17 years$6,148$5,146$4,284$3,551$2,930$2,057
18 years$5,746$4,755$3,911$3,200$2,606$1,783
19 years$5,387$4,407$3,580$2,891$2,322$1,549
20 years$5,064$4,095$3,286$2,619$2,074$1,348
21 years$4,772$3,815$3,022$2,377$1,856$1,174
22 years$4,507$3,561$2,786$2,161$1,664$1,025
23 years$4,266$3,330$2,572$1,968$1,494$895
24 years$4,045$3,120$2,379$1,795$1,343$783
25 years$3,841$2,928$2,203$1,639$1,208$685
26 years$3,654$2,752$2,043$1,499$1,088$600
27 years$3,481$2,590$1,897$1,372$981$526
28 years$3,321$2,441$1,764$1,257$885$461
29 years$3,172$2,302$1,641$1,153$799$404
30 years$3,033$2,174$1,529$1,058$722$355
31 years$2,903$2,055$1,425$972$653$312
32 years$2,782$1,945$1,330$893$591$274
33 years$2,668$1,842$1,242$821$535$240
34 years$2,562$1,746$1,160$755$484$211
35 years$2,461$1,656$1,085$695$438$186
36 years$2,366$1,572$1,015$640$397$163
37 years$2,277$1,493$950$590$360$143
38 years$2,193$1,418$889$544$326$126
39 years$2,113$1,349$833$502$296$111
40 years$2,037$1,283$781$463$268$98
41 years$1,965$1,222$732$427$244$86
42 years$1,897$1,163$687$394$221$76
43 years$1,832$1,108$645$364$201$66
44 years$1,770$1,057$605$336$182$58
45 years$1,711$1,008$568$310$165$51
46 years$1,655$961$534$286$150$45
47 years$1,602$917$501$265$136$40
48 years$1,551$876$471$244$124$35
49 years$1,502$836$443$226$112$31
50 years$1,455$799$416$209$102$27

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 $2,981 every year, while hoping to spend $41,003 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: 44/46/10 Blend
58$1,490,000$1,490,000$1,490,000$1,490,000
59$1,645,055$1,566,085$1,542,990$1,712,603
60$1,769,224$1,599,196$1,551,053$1,792,926
61$1,904,683$1,632,556$1,558,012$1,875,522
62$2,052,542$1,666,132$1,563,787$1,964,115
63$2,214,021$1,699,892$1,568,293$2,059,272
64$2,390,462$1,733,798$1,571,442$2,161,618
65$2,583,344$1,767,809$1,573,140$2,271,840
66$2,794,296$1,801,882$1,573,291$2,390,697
67$3,025,109$1,835,969$1,571,791$2,519,024
68$3,277,758$1,870,019$1,568,534$2,657,743
69$3,554,415$1,903,976$1,563,406$2,807,869
70$3,857,475$1,937,781$1,556,290$2,970,522
71$4,189,573$1,971,368$1,547,061$3,146,936
72$4,553,613$2,004,668$1,535,591$3,338,471
73$4,952,790$2,037,605$1,521,742$3,546,628
74$5,390,627$2,070,100$1,505,372$3,773,060
75$5,871,002$2,102,066$1,486,333$4,019,591
76$6,398,186$2,133,410$1,464,468$4,288,232
77$6,976,886$2,164,032$1,439,613$4,581,200
78$7,612,286$2,193,826$1,411,597$4,900,938
79$8,310,094$2,222,679$1,380,240$5,250,144
80$9,076,602$2,250,468$1,345,356$5,631,787
81$9,918,738$2,277,064$1,306,749$6,049,146
82$10,844,136$2,302,327$1,264,211$6,505,834
83$11,861,206$2,326,109$1,217,530$7,005,835
84$12,979,212$2,348,252$1,166,481$7,553,541
85$14,208,362$2,368,587$1,110,829$8,153,797
86$15,559,902$2,386,934$1,050,328$8,811,943
87$17,046,221$2,403,102$984,723$9,533,869
88$18,680,969$2,416,888$913,745$10,326,066
89$20,479,186$2,428,074$837,114$11,195,696
90$22,457,444$2,436,431$754,538$12,150,651
91$24,633,999$2,441,712$665,711$13,199,634
92$27,028,969$2,443,658$570,314$14,352,241
93$29,664,518$2,441,991$468,014$15,619,051
94$32,565,069$2,436,419$358,463$17,011,730
95$35,757,532$2,426,629$241,297$18,543,137
96$39,271,557$2,412,290$116,136$20,227,451
97$43,139,815$2,393,051$0$22,080,303
98$47,398,305$2,368,541$0$24,120,787
99$52,086,697$2,338,363$0$26,379,387
100$57,248,697$2,302,101$0$28,864,690