Can I retire at age 59 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$90,011$89,209$88,427$87,664$86,918$86,010
2 years$44,560$43,730$42,926$42,146$41,390$40,475
3 years$29,412$28,578$27,776$27,003$26,259$25,367
4 years$21,839$21,008$20,214$19,454$18,728$17,865
5 years$17,296$16,470$15,687$14,943$14,237$13,405
6 years$14,269$13,449$12,677$11,950$11,265$10,466
7 years$12,108$11,295$10,535$9,825$9,162$8,395
8 years$10,487$9,682$8,934$8,242$7,600$6,866
9 years$9,228$8,430$7,695$7,020$6,401$5,699
10 years$8,220$7,430$6,709$6,051$5,454$4,784
11 years$7,397$6,615$5,906$5,267$4,690$4,052
12 years$6,711$5,937$5,242$4,619$4,065$3,457
13 years$6,131$5,365$4,683$4,078$3,544$2,967
14 years$5,635$4,877$4,208$3,620$3,107$2,559
15 years$5,205$4,455$3,799$3,229$2,736$2,216
16 years$4,829$4,088$3,444$2,891$2,418$1,926
17 years$4,498$3,765$3,134$2,597$2,144$1,678
18 years$4,204$3,479$2,861$2,341$1,906$1,466
19 years$3,941$3,224$2,619$2,115$1,699$1,284
20 years$3,705$2,996$2,404$1,916$1,518$1,126
21 years$3,491$2,790$2,211$1,739$1,358$990
22 years$3,297$2,605$2,038$1,581$1,217$871
23 years$3,121$2,436$1,882$1,440$1,093$767
24 years$2,959$2,283$1,740$1,313$982$677
25 years$2,810$2,142$1,612$1,199$884$597
26 years$2,673$2,013$1,495$1,096$796$528
27 years$2,547$1,895$1,388$1,004$718$466
28 years$2,429$1,785$1,290$919$648$413
29 years$2,320$1,684$1,201$843$585$365
30 years$2,219$1,591$1,119$774$528$323
31 years$2,124$1,504$1,043$711$478$287
32 years$2,035$1,423$973$653$432$254
33 years$1,952$1,347$908$601$391$225
34 years$1,874$1,277$849$553$354$200
35 years$1,800$1,211$794$509$321$177
36 years$1,731$1,150$742$469$291$157
37 years$1,666$1,092$695$432$263$139
38 years$1,604$1,038$651$398$239$124
39 years$1,546$987$610$367$217$110
40 years$1,490$939$571$338$196$98
41 years$1,438$894$536$312$178$87
42 years$1,388$851$503$288$162$77
43 years$1,340$811$472$266$147$68
44 years$1,295$773$443$246$133$61
45 years$1,252$737$416$227$121$54
46 years$1,211$703$390$210$110$48
47 years$1,172$671$367$194$100$43
48 years$1,134$641$345$179$91$38
49 years$1,098$612$324$165$82$34
50 years$1,064$584$305$153$75$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,090,000, adding $6,522 every year, while hoping to spend $33,887 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: 40/44/16 Blend
58$1,090,000$1,090,000$1,090,000$1,090,000
59$1,207,907$1,150,137$1,133,242$1,250,240
60$1,295,058$1,170,439$1,135,151$1,301,240
61$1,389,963$1,190,599$1,135,987$1,352,594
62$1,493,377$1,210,575$1,135,680$1,407,428
63$1,606,130$1,230,322$1,134,154$1,466,073
64$1,729,137$1,249,791$1,131,330$1,528,898
65$1,863,406$1,268,927$1,127,126$1,596,308
66$2,010,044$1,287,675$1,121,455$1,668,751
67$2,170,270$1,305,973$1,114,226$1,746,722
68$2,345,429$1,323,757$1,105,344$1,830,767
69$2,536,998$1,340,956$1,094,709$1,921,490
70$2,746,606$1,357,497$1,082,215$2,019,555
71$2,976,046$1,373,300$1,067,755$2,125,700
72$3,227,290$1,388,280$1,051,213$2,240,735
73$3,502,514$1,402,345$1,032,468$2,365,558
74$3,804,110$1,415,401$1,011,396$2,501,158
75$4,134,717$1,427,342$987,865$2,648,629
76$4,497,236$1,438,060$961,737$2,809,176
77$4,894,868$1,447,438$932,868$2,984,133
78$5,331,133$1,455,352$901,108$3,174,970
79$5,809,912$1,461,668$866,299$3,383,310
80$6,335,480$1,466,246$828,277$3,610,944
81$6,912,544$1,468,937$786,869$3,859,852
82$7,546,289$1,469,581$741,895$4,132,215
83$8,242,430$1,468,010$693,168$4,430,443
84$9,007,260$1,464,044$640,491$4,757,196
85$9,847,711$1,457,493$583,658$5,115,407
86$10,771,422$1,448,155$522,455$5,508,315
87$11,786,808$1,435,815$456,658$5,939,494
88$12,903,139$1,420,247$386,033$6,412,886
89$14,130,629$1,401,209$310,335$6,932,843
90$15,480,532$1,378,447$229,310$7,504,164
91$16,965,245$1,351,689$142,691$8,132,147
92$18,598,428$1,320,650$50,199$8,822,635
93$20,395,132$1,285,026$0$9,582,073
94$22,371,939$1,244,496$0$10,425,855
95$24,547,120$1,198,720$0$11,363,228
96$26,940,807$1,147,338$0$12,394,321
97$29,575,181$1,089,969$0$13,528,735
98$32,474,683$1,026,211$0$14,777,058
99$35,666,244$955,639$0$16,150,964
100$39,179,537$877,801$0$17,663,325