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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$82,579$81,843$81,126$80,425$79,741$78,778
2 years$40,881$40,119$39,381$38,666$37,972$37,002
3 years$26,983$26,218$25,482$24,774$24,091$23,145
4 years$20,036$19,273$18,545$17,848$17,182$16,267
5 years$15,868$15,111$14,391$13,709$13,061$12,181
6 years$13,091$12,339$11,630$10,963$10,335$9,489
7 years$11,108$10,362$9,665$9,013$8,405$7,595
8 years$9,621$8,882$8,197$7,561$6,973$6,198
9 years$8,466$7,734$7,060$6,440$5,872$5,132
10 years$7,542$6,817$6,155$5,552$5,003$4,298
11 years$6,786$6,069$5,419$4,832$4,303$3,631
12 years$6,157$5,447$4,809$4,238$3,729$3,090
13 years$5,625$4,922$4,296$3,742$3,252$2,645
14 years$5,170$4,474$3,860$3,321$2,850$2,275
15 years$4,775$4,087$3,485$2,962$2,510$1,965
16 years$4,430$3,750$3,160$2,652$2,218$1,703
17 years$4,126$3,454$2,875$2,383$1,967$1,480
18 years$3,857$3,191$2,625$2,148$1,749$1,289
19 years$3,615$2,958$2,403$1,940$1,559$1,126
20 years$3,399$2,748$2,205$1,757$1,392$985
21 years$3,203$2,560$2,029$1,595$1,246$863
22 years$3,025$2,390$1,870$1,450$1,117$757
23 years$2,863$2,235$1,726$1,321$1,002$665
24 years$2,714$2,094$1,596$1,205$901$584
25 years$2,578$1,965$1,479$1,100$811$514
26 years$2,453$1,847$1,371$1,006$730$453
27 years$2,336$1,738$1,273$921$658$399
28 years$2,229$1,638$1,184$844$594$352
29 years$2,129$1,545$1,102$774$537$310
30 years$2,036$1,459$1,026$710$485$274
31 years$1,949$1,380$957$652$438$242
32 years$1,867$1,305$893$599$396$214
33 years$1,791$1,236$833$551$359$189
34 years$1,719$1,172$779$507$325$167
35 years$1,652$1,111$728$467$294$148
36 years$1,588$1,055$681$430$267$130
37 years$1,528$1,002$637$396$242$115
38 years$1,472$952$597$365$219$102
39 years$1,418$905$559$337$199$90
40 years$1,367$861$524$310$180$80
41 years$1,319$820$492$286$163$71
42 years$1,273$781$461$264$148$63
43 years$1,230$744$433$244$135$55
44 years$1,188$709$406$225$122$49
45 years$1,149$676$381$208$111$43
46 years$1,111$645$358$192$101$38
47 years$1,075$616$336$178$91$34
48 years$1,041$588$316$164$83$30
49 years$1,008$561$297$152$75$27
50 years$976$536$279$140$69$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,000,000, adding $3,054 every year, while hoping to spend $39,875 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: 61/24/15 Blend
58$1,000,000$1,000,000$1,000,000$1,000,000
59$1,105,150$1,052,150$1,036,650$1,168,251
60$1,175,449$1,061,279$1,028,951$1,220,213
61$1,251,581$1,069,518$1,019,658$1,272,130
62$1,334,101$1,076,783$1,008,675$1,327,837
63$1,423,616$1,082,982$995,902$1,387,703
64$1,520,794$1,088,018$981,234$1,452,138
65$1,626,372$1,091,787$964,562$1,521,593
66$1,741,158$1,094,181$945,771$1,596,568
67$1,866,042$1,095,082$924,741$1,677,611
68$2,002,004$1,094,367$901,345$1,765,332
69$2,150,122$1,091,904$875,453$1,860,401
70$2,311,580$1,087,553$846,927$1,963,559
71$2,487,685$1,081,167$815,623$2,075,623
72$2,679,873$1,072,588$781,391$2,197,498
73$2,889,726$1,061,650$744,072$2,330,179
74$3,118,983$1,048,176$703,504$2,474,766
75$3,369,561$1,031,979$659,513$2,632,475
76$3,643,570$1,012,859$611,920$2,804,646
77$3,943,332$990,608$560,538$2,992,759
78$4,271,407$965,002$505,171$3,198,446
79$4,630,609$935,806$445,613$3,423,510
80$5,024,041$902,770$381,651$3,669,940
81$5,455,118$865,631$313,060$3,939,932
82$5,927,601$824,108$239,609$4,235,906
83$6,445,633$777,906$161,053$4,560,537
84$7,013,778$726,714$77,139$4,916,774
85$7,637,060$670,199$0$5,307,870
86$8,321,015$608,014$0$5,739,402
87$9,071,740$539,788$0$6,226,650
88$9,895,951$465,131$0$6,761,671
89$10,801,047$383,632$0$7,349,335
90$11,795,177$294,853$0$7,995,009
91$12,887,321$198,336$0$8,704,612
92$14,087,367$93,595$0$9,484,672
93$15,406,213$0$0$10,342,383
94$16,855,862$0$0$11,290,929
95$18,449,539$0$0$12,360,973
96$20,201,814$0$0$13,537,590
97$22,128,739$0$0$14,831,570
98$24,248,000$0$0$16,254,800
99$26,579,083$0$0$17,820,377
100$29,143,457$0$0$19,542,732