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%19.5%
1 years$94,140$93,302$92,483$91,685$90,905$87,437
2 years$46,604$45,736$44,895$44,079$43,288$39,834
3 years$30,761$29,889$29,050$28,242$27,464$24,134
4 years$22,841$21,972$21,141$20,347$19,587$16,406
5 years$18,090$17,226$16,406$15,628$14,890$11,866
6 years$14,924$14,066$13,259$12,498$11,782$8,917
7 years$12,663$11,813$11,018$10,275$9,582$6,875
8 years$10,968$10,126$9,344$8,620$7,949$5,398
9 years$9,651$8,816$8,048$7,342$6,694$4,295
10 years$8,597$7,771$7,017$6,329$5,704$3,452
11 years$7,736$6,918$6,177$5,508$4,906$2,797
12 years$7,019$6,209$5,482$4,831$4,251$2,279
13 years$6,413$5,612$4,898$4,265$3,707$1,867
14 years$5,893$5,101$4,401$3,786$3,250$1,535
15 years$5,444$4,660$3,973$3,377$2,861$1,266
16 years$5,051$4,275$3,602$3,023$2,529$1,046
17 years$4,704$3,937$3,278$2,717$2,242$867
18 years$4,397$3,638$2,992$2,448$1,994$720
19 years$4,122$3,372$2,739$2,212$1,777$598
20 years$3,874$3,133$2,514$2,004$1,587$498
21 years$3,651$2,918$2,313$1,818$1,420$414
22 years$3,448$2,724$2,131$1,653$1,273$345
23 years$3,264$2,548$1,968$1,506$1,143$288
24 years$3,094$2,387$1,820$1,373$1,027$240
25 years$2,939$2,240$1,686$1,254$924$201
26 years$2,796$2,106$1,563$1,147$833$168
27 years$2,664$1,982$1,452$1,050$751$140
28 years$2,541$1,867$1,350$962$677$117
29 years$2,427$1,762$1,256$882$612$98
30 years$2,321$1,664$1,170$809$553$82
31 years$2,221$1,573$1,091$743$500$68
32 years$2,129$1,488$1,018$683$452$57
33 years$2,042$1,409$950$628$409$48
34 years$1,960$1,336$888$578$370$40
35 years$1,883$1,267$830$532$335$33
36 years$1,811$1,202$776$490$304$28
37 years$1,742$1,142$727$451$275$23
38 years$1,678$1,085$681$416$250$20
39 years$1,616$1,032$638$384$226$16
40 years$1,559$982$598$354$205$14
41 years$1,504$935$560$327$186$11
42 years$1,451$890$526$301$169$10
43 years$1,402$848$493$278$153$8
44 years$1,354$808$463$257$139$7
45 years$1,309$771$435$237$126$6
46 years$1,267$735$408$219$115$5
47 years$1,226$702$384$202$104$4
48 years$1,186$670$360$187$95$3
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$2

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 $5,247 every year, while hoping to spend $34,617 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: 25/46/29 Blend
58$1,140,000$1,140,000$1,140,000$1,140,000
59$1,261,692$1,201,272$1,183,602$1,281,689
60$1,353,553$1,223,302$1,186,421$1,320,911
61$1,453,623$1,245,252$1,188,173$1,359,664
62$1,562,703$1,267,080$1,188,788$1,400,502
63$1,681,675$1,288,743$1,188,189$1,443,624
64$1,811,509$1,310,195$1,186,296$1,489,251
65$1,953,272$1,331,384$1,183,027$1,537,627
66$2,108,141$1,352,256$1,178,293$1,589,025
67$2,277,408$1,372,754$1,172,003$1,643,744
68$2,462,500$1,392,815$1,164,060$1,702,120
69$2,664,983$1,412,371$1,154,365$1,764,521
70$2,886,587$1,431,352$1,142,811$1,831,358
71$3,129,211$1,449,682$1,129,288$1,903,084
72$3,394,952$1,467,277$1,113,681$1,980,202
73$3,686,115$1,484,051$1,095,866$2,063,270
74$4,005,239$1,499,911$1,075,719$2,152,904
75$4,355,124$1,514,757$1,053,106$2,249,786
76$4,738,850$1,528,483$1,027,888$2,354,674
77$5,159,809$1,540,975$999,919$2,468,405
78$5,621,741$1,552,114$969,048$2,591,903
79$6,128,763$1,561,772$935,115$2,726,194
80$6,685,409$1,569,811$897,953$2,872,412
81$7,296,675$1,576,087$857,390$3,031,812
82$7,968,066$1,580,445$813,242$3,205,779
83$8,705,643$1,582,721$765,320$3,395,850
84$9,516,085$1,582,740$713,425$3,603,719
85$10,406,750$1,580,319$657,348$3,831,263
86$11,385,743$1,575,259$596,875$4,080,555
87$12,461,995$1,567,353$531,776$4,353,886
88$13,645,345$1,556,380$461,817$4,653,791
89$14,946,631$1,542,103$386,749$4,983,067
90$16,377,796$1,524,275$306,314$5,344,807
91$17,951,999$1,502,632$220,242$5,742,429
92$19,683,735$1,476,894$128,253$6,179,708
93$21,588,979$1,446,764$30,052$6,660,812
94$23,685,329$1,411,930$0$7,190,348
95$25,992,176$1,372,058$0$7,796,530
96$28,530,886$1,326,797$0$8,473,273
97$31,325,001$1,275,775$0$9,217,574
98$34,400,461$1,218,598$0$10,036,389
99$37,785,848$1,154,849$0$10,937,389
100$41,512,655$1,084,087$0$11,929,038