Can I retire at age 59 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$115,611$114,581$113,576$112,596$111,638$109,205
2 years$57,233$56,167$55,134$54,132$53,161$50,722
3 years$37,776$36,706$35,675$34,683$33,727$31,359
4 years$28,050$26,983$25,963$24,987$24,055$21,775
5 years$22,216$21,155$20,148$19,193$18,286$16,101
6 years$18,327$17,274$16,283$15,349$14,469$12,381
7 years$15,551$14,507$13,531$12,619$11,767$9,777
8 years$13,470$12,435$11,475$10,586$9,762$7,869
9 years$11,852$10,827$9,884$9,017$8,221$6,423
10 years$10,558$9,544$8,617$7,772$7,005$5,300
11 years$9,501$8,496$7,586$6,764$6,024$4,411
12 years$8,620$7,626$6,732$5,933$5,221$3,696
13 years$7,875$6,891$6,015$5,238$4,552$3,114
14 years$7,237$6,264$5,405$4,650$3,991$2,636
15 years$6,685$5,722$4,880$4,147$3,514$2,239
16 years$6,203$5,250$4,424$3,713$3,105$1,908
17 years$5,777$4,835$4,026$3,336$2,753$1,630
18 years$5,399$4,468$3,675$3,007$2,448$1,396
19 years$5,062$4,141$3,364$2,717$2,182$1,197
20 years$4,758$3,848$3,088$2,460$1,949$1,029
21 years$4,484$3,584$2,840$2,233$1,744$885
22 years$4,235$3,346$2,617$2,030$1,563$762
23 years$4,008$3,129$2,417$1,849$1,403$657
24 years$3,800$2,932$2,235$1,686$1,261$567
25 years$3,609$2,751$2,070$1,540$1,135$489
26 years$3,434$2,586$1,920$1,408$1,022$423
27 years$3,271$2,434$1,783$1,289$922$366
28 years$3,120$2,293$1,657$1,181$832$316
29 years$2,980$2,163$1,542$1,083$751$273
30 years$2,850$2,043$1,437$994$679$237
31 years$2,728$1,931$1,339$913$614$205
32 years$2,614$1,827$1,250$839$555$177
33 years$2,507$1,731$1,167$771$502$154
34 years$2,407$1,640$1,090$710$455$133
35 years$2,312$1,556$1,019$653$412$115
36 years$2,224$1,477$953$602$373$100
37 years$2,140$1,402$892$554$338$87
38 years$2,060$1,333$836$511$307$75
39 years$1,985$1,267$783$471$278$65
40 years$1,914$1,206$734$435$252$56
41 years$1,847$1,148$688$401$229$49
42 years$1,782$1,093$646$370$208$42
43 years$1,721$1,042$606$342$188$37
44 years$1,663$993$569$315$171$32
45 years$1,608$947$534$291$155$28
46 years$1,555$903$501$269$141$24
47 years$1,505$862$471$249$128$21
48 years$1,457$823$443$230$116$18
49 years$1,411$786$416$212$106$16
50 years$1,367$751$391$196$96$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,400,000, adding $4,910 every year, while hoping to spend $22,708 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: 44/40/16 Blend
58$1,400,000$1,400,000$1,400,000$1,400,000
59$1,547,865$1,473,665$1,451,965$1,608,621
60$1,681,586$1,521,713$1,476,444$1,699,710
61$1,828,185$1,571,355$1,500,983$1,795,734
62$1,988,953$1,622,644$1,525,559$1,899,327
63$2,165,309$1,675,636$1,550,148$2,011,197
64$2,358,818$1,730,390$1,574,725$2,132,122
65$2,571,204$1,786,966$1,599,265$2,262,961
66$2,804,364$1,845,424$1,623,738$2,404,654
67$3,060,390$1,905,831$1,648,113$2,558,237
68$3,341,584$1,968,251$1,672,360$2,724,850
69$3,650,486$2,032,755$1,696,444$2,905,746
70$3,989,889$2,099,414$1,720,328$3,102,306
71$4,362,873$2,168,301$1,743,975$3,316,046
72$4,772,831$2,239,492$1,767,343$3,548,637
73$5,223,501$2,313,068$1,790,390$3,801,919
74$5,719,000$2,389,111$1,813,070$4,077,914
75$6,263,865$2,467,704$1,835,335$4,378,849
76$6,863,094$2,548,937$1,857,134$4,707,178
77$7,522,195$2,632,900$1,878,413$5,065,600
78$8,247,234$2,719,687$1,899,115$5,457,086
79$9,044,897$2,809,398$1,919,181$5,884,911
80$9,922,551$2,902,132$1,938,547$6,352,677
81$10,888,309$2,997,995$1,957,147$6,864,352
82$11,951,115$3,097,095$1,974,910$7,424,307
83$13,120,822$3,199,545$1,991,762$8,037,355
84$14,408,285$3,305,463$2,007,626$8,708,795
85$15,825,468$3,414,968$2,022,419$9,444,465
86$17,385,551$3,528,187$2,036,055$10,250,794
87$19,103,057$3,645,248$2,048,443$11,134,866
88$20,993,991$3,766,287$2,059,488$12,104,479
89$23,075,987$3,891,444$2,069,090$13,168,227
90$25,368,475$4,020,862$2,077,142$14,335,575
91$27,892,867$4,154,692$2,083,534$15,616,949
92$30,672,757$4,293,089$2,088,149$17,023,836
93$33,734,142$4,436,215$2,090,866$18,568,888
94$37,105,671$4,584,235$2,091,556$20,266,046
95$40,818,911$4,737,324$2,090,085$22,130,667
96$44,908,648$4,895,661$2,086,311$24,179,670
97$49,413,213$5,059,432$2,080,086$26,431,695
98$54,374,847$5,228,830$2,071,254$28,907,279
99$59,840,094$5,404,055$2,059,654$31,629,047
100$65,860,245$5,585,315$2,045,114$34,621,928