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%17.2%
1 years$94,140$93,302$92,483$91,685$90,905$88,243
2 years$46,604$45,736$44,895$44,079$43,288$40,627
3 years$30,761$29,889$29,050$28,242$27,464$24,888
4 years$22,841$21,972$21,141$20,347$19,587$17,116
5 years$18,090$17,226$16,406$15,628$14,890$12,531
6 years$14,924$14,066$13,259$12,498$11,782$9,536
7 years$12,663$11,813$11,018$10,275$9,582$7,450
8 years$10,968$10,126$9,344$8,620$7,949$5,929
9 years$9,651$8,816$8,048$7,342$6,694$4,785
10 years$8,597$7,771$7,017$6,329$5,704$3,902
11 years$7,736$6,918$6,177$5,508$4,906$3,208
12 years$7,019$6,209$5,482$4,831$4,251$2,655
13 years$6,413$5,612$4,898$4,265$3,707$2,209
14 years$5,893$5,101$4,401$3,786$3,250$1,845
15 years$5,444$4,660$3,973$3,377$2,861$1,547
16 years$5,051$4,275$3,602$3,023$2,529$1,300
17 years$4,704$3,937$3,278$2,717$2,242$1,096
18 years$4,397$3,638$2,992$2,448$1,994$925
19 years$4,122$3,372$2,739$2,212$1,777$782
20 years$3,874$3,133$2,514$2,004$1,587$663
21 years$3,651$2,918$2,313$1,818$1,420$562
22 years$3,448$2,724$2,131$1,653$1,273$477
23 years$3,264$2,548$1,968$1,506$1,143$405
24 years$3,094$2,387$1,820$1,373$1,027$344
25 years$2,939$2,240$1,686$1,254$924$293
26 years$2,796$2,106$1,563$1,147$833$249
27 years$2,664$1,982$1,452$1,050$751$212
28 years$2,541$1,867$1,350$962$677$180
29 years$2,427$1,762$1,256$882$612$154
30 years$2,321$1,664$1,170$809$553$131
31 years$2,221$1,573$1,091$743$500$112
32 years$2,129$1,488$1,018$683$452$95
33 years$2,042$1,409$950$628$409$81
34 years$1,960$1,336$888$578$370$69
35 years$1,883$1,267$830$532$335$59
36 years$1,811$1,202$776$490$304$50
37 years$1,742$1,142$727$451$275$43
38 years$1,678$1,085$681$416$250$37
39 years$1,616$1,032$638$384$226$31
40 years$1,559$982$598$354$205$27
41 years$1,504$935$560$327$186$23
42 years$1,451$890$526$301$169$19
43 years$1,402$848$493$278$153$17
44 years$1,354$808$463$257$139$14
45 years$1,309$771$435$237$126$12
46 years$1,267$735$408$219$115$10
47 years$1,226$702$384$202$104$9
48 years$1,186$670$360$187$95$7
49 years$1,149$640$339$173$86$6
50 years$1,113$611$319$160$78$5

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 $4,800 every year, while hoping to spend $42,337 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: 51/41/8 Blend
58$1,140,000$1,140,000$1,140,000$1,140,000
59$1,261,231$1,200,811$1,183,141$1,322,746
60$1,344,831$1,214,605$1,177,730$1,378,955
61$1,435,538$1,227,655$1,170,719$1,435,073
62$1,534,034$1,239,881$1,162,009$1,495,078
63$1,641,067$1,251,197$1,151,498$1,559,343
64$1,757,460$1,261,510$1,139,077$1,628,283
65$1,884,118$1,270,721$1,124,634$1,702,356
66$2,022,039$1,278,727$1,108,050$1,782,066
67$2,172,319$1,285,417$1,089,201$1,867,973
68$2,336,164$1,290,671$1,067,958$1,960,692
69$2,514,903$1,294,364$1,044,185$2,060,905
70$2,709,997$1,296,362$1,017,739$2,169,365
71$2,923,056$1,296,523$988,472$2,286,903
72$3,155,851$1,294,696$956,230$2,414,436
73$3,410,333$1,290,720$920,848$2,552,979
74$3,688,648$1,284,427$882,158$2,703,650
75$3,993,160$1,275,634$839,980$2,867,688
76$4,326,474$1,264,151$794,131$3,046,456
77$4,691,455$1,249,775$744,415$3,241,463
78$5,091,259$1,232,291$690,629$3,454,375
79$5,529,364$1,211,470$632,562$3,687,028
80$6,009,598$1,187,070$569,992$3,941,453
81$6,536,178$1,158,837$502,686$4,219,891
82$7,113,746$1,126,499$430,405$4,524,815
83$7,747,420$1,089,769$352,895$4,858,956
84$8,442,832$1,048,343$269,893$5,225,329
85$9,206,190$1,001,900$181,123$5,627,261
86$10,044,329$950,101$86,298$6,068,424
87$10,964,780$892,585$0$6,552,871
88$11,975,839$828,973$0$7,086,347
89$13,086,644$758,863$0$7,680,461
90$14,307,263$681,829$0$8,333,315
91$15,648,788$597,422$0$9,050,948
92$17,123,437$505,169$0$9,840,023
93$18,744,672$404,567$0$10,707,892
94$20,527,325$295,086$0$11,662,660
95$22,487,735$176,168$0$12,713,272
96$24,643,905$47,222$0$13,869,592
97$27,015,671$0$0$15,142,497
98$29,624,887$0$0$16,585,666
99$32,495,632$0$0$18,197,063
100$35,654,436$0$0$19,970,291