Can I retire at age 59 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$118,088$117,036$116,010$115,008$114,030$110,824
2 years$58,459$57,371$56,316$55,292$54,300$51,095
3 years$38,586$37,492$36,440$35,426$34,450$31,346
4 years$28,651$27,561$26,519$25,523$24,570$21,590
5 years$22,692$21,608$20,580$19,604$18,678$15,831
6 years$18,720$17,645$16,631$15,677$14,779$12,068
7 years$15,884$14,818$13,821$12,889$12,019$9,443
8 years$13,758$12,702$11,721$10,812$9,971$7,529
9 years$12,106$11,059$10,095$9,210$8,397$6,087
10 years$10,785$9,748$8,801$7,939$7,155$4,973
11 years$9,704$8,678$7,749$6,909$6,153$4,097
12 years$8,805$7,789$6,877$6,060$5,332$3,397
13 years$8,044$7,039$6,144$5,350$4,650$2,832
14 years$7,393$6,398$5,520$4,749$4,076$2,371
15 years$6,828$5,845$4,984$4,236$3,589$1,992
16 years$6,335$5,363$4,519$3,793$3,172$1,678
17 years$5,901$4,939$4,112$3,408$2,812$1,417
18 years$5,515$4,564$3,754$3,071$2,501$1,199
19 years$5,170$4,230$3,436$2,775$2,229$1,016
20 years$4,860$3,930$3,154$2,513$1,991$863
21 years$4,580$3,661$2,901$2,281$1,782$733
22 years$4,326$3,417$2,674$2,074$1,597$623
23 years$4,094$3,196$2,469$1,889$1,434$531
24 years$3,882$2,995$2,283$1,723$1,289$452
25 years$3,687$2,810$2,114$1,573$1,159$385
26 years$3,507$2,641$1,961$1,438$1,044$329
27 years$3,341$2,486$1,821$1,317$942$281
28 years$3,187$2,342$1,693$1,206$850$239
29 years$3,044$2,210$1,575$1,106$767$204
30 years$2,911$2,087$1,467$1,015$693$175
31 years$2,786$1,973$1,368$932$627$149
32 years$2,670$1,867$1,276$857$567$127
33 years$2,561$1,768$1,192$788$513$109
34 years$2,458$1,675$1,114$725$465$93
35 years$2,362$1,589$1,041$667$421$80
36 years$2,271$1,508$974$615$381$68
37 years$2,185$1,432$912$566$346$58
38 years$2,104$1,361$854$522$313$50
39 years$2,028$1,295$800$481$284$43
40 years$1,955$1,232$750$444$258$36
41 years$1,886$1,172$703$410$234$31
42 years$1,821$1,117$659$378$212$27
43 years$1,758$1,064$619$349$192$23
44 years$1,699$1,014$581$322$175$19
45 years$1,643$967$545$298$159$17
46 years$1,589$922$512$275$144$14
47 years$1,537$880$481$254$131$12
48 years$1,488$840$452$235$119$10
49 years$1,441$803$425$217$108$9
50 years$1,396$767$400$200$98$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,430,000, adding $2,918 every year, while hoping to spend $33,532 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: 29/49/22 Blend
58$1,430,000$1,430,000$1,430,000$1,430,000
59$1,578,870$1,503,080$1,480,915$1,613,705
60$1,704,237$1,541,053$1,494,848$1,678,815
61$1,841,267$1,579,763$1,508,124$1,745,592
62$1,991,116$1,619,211$1,520,685$1,816,683
63$2,155,053$1,659,395$1,532,471$1,892,482
64$2,334,478$1,700,315$1,543,419$1,973,421
65$2,530,933$1,741,969$1,553,461$2,059,975
66$2,746,113$1,784,350$1,562,527$2,152,668
67$2,981,888$1,827,455$1,570,543$2,252,079
68$3,240,316$1,871,275$1,577,432$2,358,842
69$3,523,663$1,915,803$1,583,111$2,473,661
70$3,834,426$1,961,026$1,587,494$2,597,307
71$4,175,354$2,006,933$1,590,492$2,730,633
72$4,549,476$2,053,509$1,592,009$2,874,576
73$4,960,128$2,100,736$1,591,947$3,030,173
74$5,410,984$2,148,596$1,590,200$3,198,563
75$5,906,093$2,197,065$1,586,660$3,381,005
76$6,449,913$2,246,120$1,581,212$3,578,884
77$7,047,358$2,295,733$1,573,736$3,793,730
78$7,703,837$2,345,873$1,564,105$4,027,226
79$8,425,313$2,396,506$1,552,187$4,281,231
80$9,218,354$2,447,593$1,537,845$4,557,793
81$10,090,195$2,499,095$1,520,932$4,859,170
82$11,048,809$2,550,964$1,501,296$5,187,852
83$12,102,977$2,603,151$1,478,780$5,546,584
84$13,262,378$2,655,602$1,453,216$5,938,393
85$14,537,671$2,708,258$1,424,429$6,366,615
86$15,940,604$2,761,053$1,392,238$6,834,932
87$17,484,119$2,813,918$1,356,452$7,347,398
88$19,182,476$2,866,777$1,316,870$7,908,487
89$21,051,388$2,919,548$1,273,284$8,523,132
90$23,108,165$2,972,142$1,225,475$9,196,769
91$25,371,885$3,024,463$1,173,215$9,935,394
92$27,863,564$3,076,409$1,116,265$10,745,616
93$30,606,363$3,127,868$1,054,375$11,634,723
94$33,625,800$3,178,722$987,284$12,610,750
95$36,949,993$3,228,841$914,720$13,682,555
96$40,609,927$3,278,088$836,397$14,859,905
97$44,639,741$3,326,316$752,019$16,153,567
98$49,077,056$3,373,367$661,272$17,575,411
99$53,963,324$3,419,071$563,834$19,138,525
100$59,344,226$3,463,248$459,365$20,857,337