Can I retire at age 59 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$94,966$94,120$93,295$92,489$91,703$91,239
2 years$47,013$46,137$45,289$44,466$43,668$43,201
3 years$31,031$30,151$29,305$28,490$27,705$27,248
4 years$23,041$22,164$21,326$20,525$19,759$19,316
5 years$18,248$17,377$16,550$15,765$15,021$14,592
6 years$15,055$14,190$13,375$12,608$11,885$11,472
7 years$12,774$11,916$11,115$10,365$9,666$9,269
8 years$11,064$10,215$9,426$8,695$8,019$7,638
9 years$9,735$8,894$8,119$7,407$6,753$6,387
10 years$8,673$7,839$7,078$6,384$5,754$5,404
11 years$7,804$6,979$6,231$5,556$4,949$4,614
12 years$7,081$6,264$5,530$4,874$4,288$3,969
13 years$6,469$5,661$4,941$4,303$3,739$3,435
14 years$5,945$5,145$4,439$3,820$3,278$2,988
15 years$5,491$4,700$4,008$3,406$2,886$2,610
16 years$5,095$4,313$3,634$3,050$2,551$2,288
17 years$4,745$3,972$3,307$2,740$2,262$2,012
18 years$4,435$3,670$3,019$2,470$2,011$1,774
19 years$4,158$3,401$2,763$2,232$1,792$1,568
20 years$3,908$3,161$2,536$2,021$1,601$1,389
21 years$3,683$2,944$2,333$1,834$1,433$1,232
22 years$3,479$2,748$2,150$1,668$1,284$1,095
23 years$3,292$2,570$1,985$1,519$1,153$974
24 years$3,122$2,408$1,836$1,385$1,036$868
25 years$2,965$2,260$1,700$1,265$932$774
26 years$2,820$2,124$1,577$1,157$840$690
27 years$2,687$1,999$1,464$1,059$757$617
28 years$2,563$1,884$1,361$970$683$551
29 years$2,448$1,777$1,267$890$617$493
30 years$2,341$1,678$1,180$816$557$441
31 years$2,241$1,586$1,100$750$504$395
32 years$2,147$1,501$1,026$689$456$354
33 years$2,059$1,422$958$634$413$317
34 years$1,977$1,347$895$583$374$284
35 years$1,900$1,278$837$537$338$255
36 years$1,826$1,213$783$494$307$229
37 years$1,758$1,152$733$455$278$205
38 years$1,692$1,095$686$420$252$184
39 years$1,631$1,041$643$387$228$165
40 years$1,572$990$603$357$207$148
41 years$1,517$943$565$329$188$133
42 years$1,464$898$530$304$171$120
43 years$1,414$856$498$281$155$108
44 years$1,366$816$467$259$141$97
45 years$1,321$778$439$239$128$87
46 years$1,278$742$412$221$116$78
47 years$1,236$708$387$204$105$70
48 years$1,197$676$364$189$96$63
49 years$1,159$645$342$174$87$57
50 years$1,123$617$321$161$79$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,150,000, adding $5,402 every year, while hoping to spend $50,314 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: 73/11/16 Blend
58$1,150,000$1,150,000$1,150,000$1,150,000
59$1,272,872$1,211,922$1,194,097$1,360,800
60$1,349,171$1,217,773$1,180,566$1,425,653
61$1,431,567$1,222,223$1,164,895$1,490,003
62$1,520,627$1,225,153$1,146,959$1,559,169
63$1,616,978$1,226,432$1,126,629$1,633,617
64$1,721,305$1,225,923$1,103,766$1,713,863
65$1,834,365$1,223,479$1,078,229$1,800,473
66$1,956,987$1,218,947$1,049,867$1,894,073
67$2,090,086$1,212,162$1,018,524$1,995,353
68$2,234,666$1,202,949$984,035$2,105,074
69$2,391,831$1,191,123$946,230$2,224,075
70$2,562,799$1,176,489$904,930$2,353,284
71$2,748,905$1,158,838$859,946$2,493,719
72$2,951,623$1,137,950$811,083$2,646,509
73$3,172,571$1,113,592$758,137$2,812,896
74$3,413,532$1,085,517$700,893$2,994,249
75$3,676,468$1,053,462$639,129$3,192,080
76$3,963,538$1,017,153$572,610$3,408,056
77$4,277,119$976,294$501,093$3,644,015
78$4,619,829$930,576$424,323$3,901,985
79$4,994,548$879,670$342,035$4,184,201
80$5,404,449$823,231$253,950$4,493,131
81$5,853,024$760,890$159,778$4,831,493
82$6,344,119$692,261$59,217$5,202,287
83$6,881,969$616,932$0$5,608,821
84$7,471,239$534,471$0$6,062,954
85$8,117,065$444,419$0$6,571,819
86$8,825,103$346,293$0$7,129,791
87$9,601,585$239,583$0$7,741,823
88$10,453,371$123,747$0$8,413,373
89$11,388,022$0$0$9,150,455
90$12,413,861$0$0$9,959,912
91$13,540,060$0$0$10,865,058
92$14,776,721$0$0$11,859,040
93$16,134,972$0$0$12,950,809
94$17,627,072$0$0$14,150,226
95$19,266,526$0$0$15,468,155
96$21,068,210$0$0$16,916,562
97$23,048,517$0$0$18,508,632
98$25,225,502$0$0$20,258,891
99$27,619,060$0$0$22,183,341
100$30,251,108$0$0$24,299,613