Can I retire at age 59 with 1,390,000?

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 $1,390,000?

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$114,785$113,762$112,765$111,791$110,841$109,683
2 years$56,824$55,766$54,740$53,746$52,781$51,616
3 years$37,507$36,444$35,421$34,435$33,487$32,349
4 years$27,850$26,790$25,777$24,809$23,883$22,782
5 years$22,057$21,004$20,004$19,056$18,155$17,095
6 years$18,196$17,151$16,166$15,239$14,366$13,346
7 years$15,440$14,403$13,434$12,529$11,683$10,705
8 years$13,374$12,346$11,393$10,510$9,692$8,756
9 years$11,767$10,750$9,813$8,952$8,162$7,268
10 years$10,483$9,475$8,555$7,717$6,955$6,101
11 years$9,433$8,435$7,532$6,716$5,981$5,167
12 years$8,558$7,571$6,684$5,891$5,183$4,409
13 years$7,819$6,842$5,972$5,201$4,520$3,784
14 years$7,186$6,219$5,366$4,617$3,962$3,263
15 years$6,637$5,681$4,845$4,117$3,489$2,826
16 years$6,158$5,213$4,392$3,687$3,083$2,456
17 years$5,736$4,801$3,997$3,312$2,734$2,140
18 years$5,361$4,436$3,649$2,985$2,431$1,870
19 years$5,025$4,111$3,340$2,697$2,167$1,637
20 years$4,724$3,820$3,065$2,443$1,935$1,436
21 years$4,452$3,559$2,820$2,217$1,732$1,262
22 years$4,205$3,322$2,599$2,016$1,552$1,110
23 years$3,979$3,107$2,399$1,836$1,393$978
24 years$3,773$2,911$2,219$1,674$1,252$863
25 years$3,584$2,732$2,055$1,529$1,127$762
26 years$3,409$2,567$1,906$1,398$1,015$673
27 years$3,248$2,416$1,770$1,280$915$595
28 years$3,098$2,277$1,646$1,173$826$526
29 years$2,959$2,148$1,531$1,075$746$466
30 years$2,829$2,028$1,426$987$674$412
31 years$2,709$1,918$1,330$906$609$365
32 years$2,595$1,814$1,241$833$551$324
33 years$2,489$1,718$1,158$766$499$287
34 years$2,390$1,628$1,082$705$452$255
35 years$2,296$1,545$1,012$649$409$226
36 years$2,208$1,466$947$597$371$200
37 years$2,124$1,392$886$551$336$178
38 years$2,046$1,323$830$507$304$158
39 years$1,971$1,258$777$468$276$140
40 years$1,900$1,197$729$432$250$124
41 years$1,833$1,140$683$398$227$110
42 years$1,770$1,085$641$367$206$98
43 years$1,709$1,034$601$339$187$87
44 years$1,652$986$565$313$170$77
45 years$1,597$940$530$289$154$69
46 years$1,544$897$498$267$140$61
47 years$1,494$856$468$247$127$54
48 years$1,447$817$440$228$115$48
49 years$1,401$780$413$211$105$43
50 years$1,357$745$388$195$95$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,390,000, adding $6,987 every year, while hoping to spend $50,870 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: 25/47/28 Blend
58$1,390,000$1,390,000$1,390,000$1,390,000
59$1,538,987$1,465,317$1,443,772$1,563,818
60$1,641,838$1,482,992$1,438,013$1,602,753
61$1,753,476$1,499,829$1,430,356$1,639,693
62$1,874,741$1,515,731$1,420,684$1,678,245
63$2,006,562$1,530,599$1,408,874$1,718,579
64$2,149,957$1,544,325$1,394,798$1,760,887
65$2,306,049$1,556,792$1,378,319$1,805,380
66$2,476,070$1,567,880$1,359,298$1,852,298
67$2,661,381$1,577,457$1,337,585$1,901,909
68$2,863,474$1,585,385$1,313,027$1,954,511
69$3,083,997$1,591,517$1,285,461$2,010,437
70$3,324,758$1,595,695$1,254,718$2,070,061
71$3,587,752$1,597,753$1,220,620$2,133,798
72$3,875,174$1,597,514$1,182,982$2,202,112
73$4,189,439$1,594,789$1,141,609$2,275,519
74$4,533,207$1,589,380$1,096,298$2,354,596
75$4,909,408$1,581,073$1,046,838$2,439,983
76$5,321,266$1,569,644$993,006$2,532,395
77$5,772,334$1,554,855$934,570$2,632,624
78$6,266,522$1,536,453$871,287$2,741,555
79$6,808,137$1,514,169$802,906$2,860,168
80$7,401,924$1,487,720$729,160$2,989,553
81$8,053,106$1,456,805$649,773$3,130,922
82$8,767,440$1,421,104$564,457$3,285,620
83$9,551,262$1,380,282$472,909$3,455,140
84$10,411,554$1,333,979$374,816$3,641,137
85$11,356,007$1,281,819$269,847$3,845,449
86$12,393,093$1,223,401$157,659$4,070,114
87$13,532,143$1,158,302$37,895$4,317,390
88$14,783,436$1,086,074$0$4,589,781
89$16,158,299$1,006,243$0$4,916,923
90$17,669,206$918,310$0$5,288,854
91$19,329,904$821,746$0$5,697,766
92$21,155,533$715,990$0$6,147,554
93$23,162,776$600,453$0$6,642,522
94$25,370,014$474,510$0$7,187,424
95$27,797,496$337,501$0$7,787,513
96$30,467,533$188,731$0$8,448,592
97$33,404,707$27,465$0$9,177,069
98$36,636,101$0$0$9,980,021
99$40,191,557$0$0$10,941,331
100$44,103,955$0$0$12,015,056