Can I retire at age 59 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$94,140$93,302$92,483$91,685$90,905$88,888
2 years$46,604$45,736$44,895$44,079$43,288$41,267
3 years$30,761$29,889$29,050$28,242$27,464$25,501
4 years$22,841$21,972$21,141$20,347$19,587$17,698
5 years$18,090$17,226$16,406$15,628$14,890$13,080
6 years$14,924$14,066$13,259$12,498$11,782$10,052
7 years$12,663$11,813$11,018$10,275$9,582$7,933
8 years$10,968$10,126$9,344$8,620$7,949$6,381
9 years$9,651$8,816$8,048$7,342$6,694$5,206
10 years$8,597$7,771$7,017$6,329$5,704$4,293
11 years$7,736$6,918$6,177$5,508$4,906$3,571
12 years$7,019$6,209$5,482$4,831$4,251$2,990
13 years$6,413$5,612$4,898$4,265$3,707$2,518
14 years$5,893$5,101$4,401$3,786$3,250$2,130
15 years$5,444$4,660$3,973$3,377$2,861$1,808
16 years$5,051$4,275$3,602$3,023$2,529$1,539
17 years$4,704$3,937$3,278$2,717$2,242$1,314
18 years$4,397$3,638$2,992$2,448$1,994$1,124
19 years$4,122$3,372$2,739$2,212$1,777$964
20 years$3,874$3,133$2,514$2,004$1,587$827
21 years$3,651$2,918$2,313$1,818$1,420$711
22 years$3,448$2,724$2,131$1,653$1,273$612
23 years$3,264$2,548$1,968$1,506$1,143$527
24 years$3,094$2,387$1,820$1,373$1,027$455
25 years$2,939$2,240$1,686$1,254$924$392
26 years$2,796$2,106$1,563$1,147$833$339
27 years$2,664$1,982$1,452$1,050$751$292
28 years$2,541$1,867$1,350$962$677$253
29 years$2,427$1,762$1,256$882$612$218
30 years$2,321$1,664$1,170$809$553$189
31 years$2,221$1,573$1,091$743$500$163
32 years$2,129$1,488$1,018$683$452$141
33 years$2,042$1,409$950$628$409$122
34 years$1,960$1,336$888$578$370$106
35 years$1,883$1,267$830$532$335$92
36 years$1,811$1,202$776$490$304$79
37 years$1,742$1,142$727$451$275$69
38 years$1,678$1,085$681$416$250$59
39 years$1,616$1,032$638$384$226$52
40 years$1,559$982$598$354$205$45
41 years$1,504$935$560$327$186$39
42 years$1,451$890$526$301$169$33
43 years$1,402$848$493$278$153$29
44 years$1,354$808$463$257$139$25
45 years$1,309$771$435$237$126$22
46 years$1,267$735$408$219$115$19
47 years$1,226$702$384$202$104$16
48 years$1,186$670$360$187$95$14
49 years$1,149$640$339$173$86$12
50 years$1,113$611$319$160$78$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,140,000, adding $4,301 every year, while hoping to spend $27,048 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: 67/16/17 Blend
58$1,140,000$1,140,000$1,140,000$1,140,000
59$1,260,716$1,200,296$1,182,626$1,339,713
60$1,360,531$1,230,332$1,193,466$1,423,075
61$1,469,619$1,260,933$1,203,761$1,510,639
62$1,588,900$1,292,098$1,213,467$1,605,721
63$1,719,383$1,323,826$1,222,533$1,709,059
64$1,862,180$1,356,114$1,230,908$1,821,464
65$2,018,516$1,388,957$1,238,537$1,943,830
66$2,189,740$1,422,351$1,245,363$2,077,142
67$2,377,337$1,456,289$1,251,326$2,222,486
68$2,582,942$1,490,764$1,256,362$2,381,056
69$2,808,357$1,525,767$1,260,406$2,554,169
70$3,055,566$1,561,286$1,263,386$2,743,277
71$3,326,754$1,597,310$1,265,230$2,949,977
72$3,624,329$1,633,823$1,265,860$3,176,032
73$3,950,940$1,670,811$1,265,197$3,423,381
74$4,309,510$1,708,254$1,263,154$3,694,164
75$4,703,254$1,746,132$1,259,644$3,990,736
76$5,135,716$1,784,423$1,254,573$4,315,694
77$5,610,801$1,823,102$1,247,842$4,671,900
78$6,132,808$1,862,139$1,239,350$5,062,504
79$6,706,475$1,901,505$1,228,990$5,490,983
80$7,337,023$1,941,166$1,216,648$5,961,163
81$8,030,201$1,981,085$1,202,207$6,477,265
82$8,792,344$2,021,221$1,185,544$7,043,937
83$9,630,432$2,061,530$1,166,529$7,666,303
84$10,552,156$2,101,964$1,145,027$8,350,008
85$11,565,986$2,142,471$1,120,896$9,101,275
86$12,681,260$2,182,994$1,093,989$9,926,961
87$13,908,260$2,223,473$1,064,149$10,834,622
88$15,258,320$2,263,841$1,031,216$11,832,586
89$16,743,926$2,304,027$995,019$12,930,030
90$18,378,836$2,343,953$955,381$14,137,069
91$20,178,207$2,383,537$912,117$15,464,848
92$22,158,744$2,422,690$865,032$16,925,650
93$24,338,849$2,461,315$813,924$18,533,013
94$26,738,803$2,499,310$758,582$20,301,855
95$29,380,950$2,536,565$698,783$22,248,617
96$32,289,911$2,572,962$634,297$24,391,418
97$35,492,818$2,608,373$564,882$26,750,227
98$39,019,566$2,642,663$490,286$29,347,048
99$42,903,095$2,675,688$410,244$32,206,135
100$47,179,707$2,707,292$324,483$35,354,213