Can I retire at age 59 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$118,914$117,855$116,821$115,813$114,828$111,152
2 years$58,868$57,772$56,709$55,679$54,680$51,011
3 years$38,856$37,755$36,695$35,674$34,691$31,143
4 years$28,851$27,754$26,704$25,701$24,742$21,343
5 years$22,850$21,759$20,724$19,741$18,808$15,567
6 years$18,851$17,768$16,748$15,787$14,883$11,802
7 years$15,995$14,922$13,917$12,979$12,103$9,183
8 years$13,855$12,791$11,803$10,888$10,041$7,279
9 years$12,191$11,136$10,166$9,274$8,456$5,849
10 years$10,860$9,816$8,863$7,994$7,205$4,749
11 years$9,772$8,739$7,803$6,958$6,196$3,887
12 years$8,866$7,843$6,925$6,103$5,370$3,202
13 years$8,100$7,088$6,187$5,388$4,683$2,651
14 years$7,444$6,443$5,559$4,783$4,105$2,204
15 years$6,876$5,886$5,019$4,265$3,614$1,838
16 years$6,380$5,400$4,550$3,819$3,194$1,538
17 years$5,942$4,973$4,141$3,431$2,832$1,289
18 years$5,554$4,596$3,780$3,092$2,518$1,083
19 years$5,206$4,259$3,460$2,794$2,245$911
20 years$4,894$3,958$3,176$2,531$2,005$767
21 years$4,612$3,687$2,921$2,297$1,794$647
22 years$4,356$3,441$2,692$2,088$1,608$546
23 years$4,123$3,218$2,486$1,902$1,444$461
24 years$3,909$3,016$2,299$1,735$1,298$390
25 years$3,713$2,830$2,129$1,584$1,168$330
26 years$3,532$2,660$1,975$1,448$1,052$279
27 years$3,364$2,503$1,834$1,326$948$236
28 years$3,209$2,359$1,705$1,215$856$200
29 years$3,065$2,225$1,586$1,114$773$169
30 years$2,931$2,101$1,478$1,022$698$143
31 years$2,806$1,986$1,378$939$631$121
32 years$2,689$1,880$1,285$863$571$103
33 years$2,579$1,780$1,200$794$517$87
34 years$2,476$1,687$1,121$730$468$74
35 years$2,379$1,600$1,048$672$424$63
36 years$2,287$1,519$981$619$384$53
37 years$2,201$1,442$918$570$348$45
38 years$2,119$1,371$860$526$315$38
39 years$2,042$1,304$805$485$286$32
40 years$1,969$1,240$755$447$259$27
41 years$1,899$1,181$708$412$235$23
42 years$1,833$1,124$664$381$214$20
43 years$1,771$1,071$623$351$194$17
44 years$1,711$1,021$585$324$176$14
45 years$1,654$974$549$300$160$12
46 years$1,600$929$516$277$145$10
47 years$1,548$886$485$256$132$9
48 years$1,499$846$455$236$120$7
49 years$1,451$808$428$218$109$6
50 years$1,406$772$402$202$99$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,440,000, adding $2,528 every year, while hoping to spend $50,717 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: 25/48/27 Blend
58$1,440,000$1,440,000$1,440,000$1,440,000
59$1,589,488$1,513,168$1,490,848$1,615,676
60$1,697,653$1,533,350$1,486,829$1,657,801
61$1,815,151$1,552,822$1,480,975$1,698,442
62$1,942,881$1,571,495$1,473,172$1,740,958
63$2,081,830$1,589,274$1,463,299$1,785,541
64$2,233,087$1,606,058$1,451,230$1,832,404
65$2,397,848$1,621,741$1,436,832$1,881,786
66$2,577,429$1,636,207$1,419,966$1,933,954
67$2,773,281$1,649,335$1,400,489$1,989,204
68$2,986,997$1,660,994$1,378,247$2,047,870
69$3,220,333$1,671,045$1,353,081$2,110,319
70$3,475,223$1,679,342$1,324,825$2,176,965
71$3,753,794$1,685,728$1,293,304$2,248,265
72$4,058,388$1,690,036$1,258,337$2,324,731
73$4,391,584$1,692,088$1,219,732$2,406,931
74$4,756,223$1,691,698$1,177,290$2,495,497
75$5,155,430$1,688,664$1,130,802$2,591,131
76$5,592,650$1,682,774$1,080,050$2,694,615
77$6,071,675$1,673,804$1,024,806$2,806,816
78$6,596,680$1,661,515$964,831$2,928,699
79$7,172,265$1,645,653$899,877$3,061,333
80$7,803,495$1,625,949$829,682$3,205,906
81$8,495,951$1,602,119$753,975$3,363,736
82$9,255,776$1,573,862$672,471$3,536,286
83$10,089,741$1,540,856$584,875$3,725,176
84$11,005,301$1,502,765$490,874$3,932,204
85$12,010,670$1,459,228$390,147$4,159,362
86$13,114,895$1,409,868$282,354$4,408,858
87$14,327,945$1,354,282$167,143$4,683,136
88$15,660,798$1,292,045$44,146$4,984,906
89$17,125,552$1,222,707$0$5,317,166
90$18,735,532$1,145,794$0$5,708,333
91$20,505,420$1,060,801$0$6,152,190
92$22,451,391$967,199$0$6,640,191
93$24,591,265$864,424$0$7,176,964
94$26,944,676$751,882$0$7,767,617
95$29,533,256$628,947$0$8,417,792
96$32,380,838$494,955$0$9,133,721
97$35,513,681$349,206$0$9,922,285
98$38,960,720$190,961$0$10,791,080
99$42,753,833$19,437$0$11,748,497
100$46,928,145$0$0$12,803,794