Can I retire at age 59 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$116,436$115,399$114,387$113,400$112,435$109,762
2 years$57,642$56,568$55,528$54,519$53,541$50,863
3 years$38,046$36,968$35,930$34,931$33,968$31,370
4 years$28,250$27,175$26,148$25,166$24,227$21,727
5 years$22,374$21,306$20,292$19,330$18,417$16,024
6 years$18,458$17,398$16,399$15,458$14,572$12,288
7 years$15,662$14,611$13,628$12,709$11,851$9,676
8 years$13,566$12,524$11,557$10,661$9,832$7,765
9 years$11,937$10,904$9,954$9,081$8,280$6,319
10 years$10,634$9,612$8,678$7,828$7,055$5,199
11 years$9,569$8,557$7,640$6,813$6,067$4,313
12 years$8,681$7,680$6,781$5,976$5,258$3,602
13 years$7,931$6,941$6,058$5,276$4,585$3,025
14 years$7,289$6,309$5,443$4,683$4,019$2,552
15 years$6,733$5,763$4,914$4,176$3,539$2,160
16 years$6,247$5,288$4,456$3,740$3,128$1,834
17 years$5,818$4,870$4,054$3,360$2,773$1,561
18 years$5,438$4,500$3,701$3,028$2,466$1,332
19 years$5,098$4,170$3,388$2,736$2,198$1,138
20 years$4,792$3,875$3,110$2,478$1,963$974
21 years$4,516$3,610$2,860$2,249$1,757$835
22 years$4,265$3,370$2,636$2,045$1,575$716
23 years$4,037$3,151$2,434$1,862$1,414$615
24 years$3,827$2,953$2,251$1,698$1,270$529
25 years$3,635$2,771$2,085$1,551$1,143$455
26 years$3,458$2,604$1,934$1,418$1,030$391
27 years$3,294$2,451$1,796$1,298$928$337
28 years$3,143$2,309$1,669$1,189$838$290
29 years$3,002$2,179$1,553$1,091$756$250
30 years$2,870$2,058$1,447$1,001$684$215
31 years$2,747$1,945$1,349$919$618$186
32 years$2,633$1,840$1,259$845$559$160
33 years$2,525$1,743$1,175$777$506$138
34 years$2,424$1,652$1,098$715$458$119
35 years$2,329$1,567$1,026$658$415$103
36 years$2,239$1,487$960$606$376$89
37 years$2,155$1,412$899$558$341$77
38 years$2,075$1,342$842$515$309$66
39 years$1,999$1,276$789$475$280$57
40 years$1,928$1,214$739$438$254$49
41 years$1,860$1,156$693$404$230$42
42 years$1,795$1,101$650$373$209$37
43 years$1,734$1,049$610$344$190$32
44 years$1,675$1,000$573$318$172$27
45 years$1,620$953$538$293$156$24
46 years$1,566$910$505$271$142$20
47 years$1,516$868$474$250$129$18
48 years$1,467$829$446$231$117$15
49 years$1,421$791$419$214$106$13
50 years$1,377$756$394$198$97$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,410,000, adding $3,820 every year, while hoping to spend $48,814 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: 33/39/28 Blend
58$1,410,000$1,410,000$1,410,000$1,410,000
59$1,557,760$1,483,030$1,461,175$1,595,808
60$1,664,714$1,503,761$1,458,187$1,645,792
61$1,780,941$1,523,872$1,453,462$1,695,021
62$1,907,336$1,543,280$1,446,892$1,747,129
63$2,044,882$1,561,899$1,438,361$1,802,406
64$2,194,662$1,579,634$1,427,748$1,861,171
65$2,357,868$1,596,386$1,414,928$1,923,781
66$2,535,811$1,612,049$1,399,768$1,990,631
67$2,729,932$1,626,509$1,382,130$2,062,159
68$2,941,822$1,639,644$1,361,867$2,138,852
69$3,173,228$1,651,326$1,338,829$2,221,248
70$3,426,074$1,661,418$1,312,857$2,309,945
71$3,702,479$1,669,773$1,283,784$2,405,606
72$4,004,777$1,676,237$1,251,435$2,508,966
73$4,335,535$1,680,644$1,215,629$2,620,838
74$4,697,582$1,682,818$1,176,176$2,742,125
75$5,094,032$1,682,573$1,132,874$2,873,824
76$5,528,315$1,679,711$1,085,518$3,017,043
77$6,004,208$1,674,021$1,033,887$3,173,004
78$6,525,870$1,665,281$977,755$3,343,065
79$7,097,883$1,653,254$916,883$3,528,725
80$7,725,291$1,637,687$851,023$3,731,645
81$8,413,653$1,618,316$779,915$3,953,661
82$9,169,090$1,594,858$703,286$4,196,807
83$9,998,345$1,567,014$620,854$4,463,329
84$10,908,844$1,534,466$532,321$4,755,714
85$11,908,771$1,496,880$437,379$5,076,710
86$13,007,138$1,453,899$335,703$5,429,356
87$14,213,875$1,405,148$226,957$5,817,012
88$15,539,918$1,350,229$110,789$6,243,391
89$16,997,319$1,288,719$0$6,712,597
90$18,599,354$1,220,174$0$7,233,102
91$20,360,647$1,144,123$0$7,841,558
92$22,297,314$1,060,065$0$8,510,485
93$24,427,107$967,475$0$9,246,123
94$26,769,586$865,796$0$10,055,356
95$29,346,301$754,437$0$10,945,780
96$32,180,998$632,778$0$11,925,773
97$35,299,836$500,162$0$13,004,580
98$38,731,642$355,892$0$14,192,397
99$42,508,176$199,237$0$15,500,474
100$46,664,433$29,422$0$16,941,219