Can I retire at age 59 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$119,740$118,673$117,632$116,617$115,625$114,322
2 years$59,277$58,173$57,103$56,066$55,060$53,748
3 years$39,125$38,017$36,950$35,922$34,932$33,653
4 years$29,052$27,946$26,890$25,880$24,914$23,676
5 years$23,009$21,910$20,868$19,878$18,939$17,747
6 years$18,982$17,891$16,864$15,897$14,986$13,841
7 years$16,106$15,025$14,014$13,070$12,188$11,090
8 years$13,951$12,879$11,885$10,964$10,111$9,060
9 years$12,275$11,214$10,237$9,339$8,515$7,511
10 years$10,935$9,884$8,925$8,050$7,255$6,297
11 years$9,840$8,799$7,857$7,006$6,239$5,327
12 years$8,928$7,898$6,973$6,145$5,407$4,539
13 years$8,156$7,137$6,230$5,425$4,715$3,891
14 years$7,496$6,488$5,598$4,816$4,133$3,351
15 years$6,924$5,927$5,054$4,295$3,639$2,898
16 years$6,424$5,438$4,582$3,846$3,216$2,515
17 years$5,983$5,008$4,169$3,455$2,852$2,189
18 years$5,592$4,627$3,806$3,114$2,536$1,910
19 years$5,242$4,289$3,484$2,814$2,260$1,670
20 years$4,928$3,985$3,198$2,548$2,019$1,463
21 years$4,644$3,712$2,941$2,313$1,807$1,283
22 years$4,386$3,465$2,711$2,103$1,619$1,127
23 years$4,151$3,241$2,503$1,915$1,454$992
24 years$3,936$3,036$2,315$1,747$1,307$873
25 years$3,738$2,850$2,144$1,595$1,176$770
26 years$3,556$2,678$1,989$1,459$1,059$679
27 years$3,388$2,520$1,846$1,335$955$599
28 years$3,232$2,375$1,717$1,223$862$529
29 years$3,087$2,241$1,597$1,122$778$468
30 years$2,952$2,116$1,488$1,029$703$413
31 years$2,825$2,000$1,387$945$635$366
32 years$2,707$1,893$1,294$869$575$324
33 years$2,597$1,792$1,208$799$520$286
34 years$2,493$1,699$1,129$735$471$254
35 years$2,395$1,611$1,056$677$427$225
36 years$2,303$1,529$988$623$387$199
37 years$2,216$1,453$924$574$350$176
38 years$2,134$1,380$866$529$318$156
39 years$2,056$1,313$811$488$288$138
40 years$1,982$1,249$760$450$261$123
41 years$1,912$1,189$713$415$237$109
42 years$1,846$1,132$669$383$215$96
43 years$1,783$1,079$627$354$195$85
44 years$1,723$1,028$589$327$177$76
45 years$1,666$981$553$302$161$67
46 years$1,611$935$519$279$146$60
47 years$1,559$893$488$257$133$53
48 years$1,509$852$458$238$120$47
49 years$1,461$814$431$220$109$42
50 years$1,416$777$405$203$99$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,450,000, adding $2,175 every year, while hoping to spend $38,925 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: 45/40/15 Blend
58$1,450,000$1,450,000$1,450,000$1,450,000
59$1,600,144$1,523,294$1,500,819$1,665,191
60$1,721,942$1,556,519$1,509,680$1,743,986
61$1,854,860$1,590,068$1,517,534$1,825,286
62$1,999,989$1,623,915$1,524,305$1,912,603
63$2,158,534$1,658,033$1,529,915$2,006,508
64$2,331,818$1,692,390$1,534,281$2,107,634
65$2,521,301$1,726,954$1,537,316$2,216,676
66$2,728,587$1,761,689$1,538,930$2,334,402
67$2,955,445$1,796,553$1,539,026$2,461,656
68$3,203,822$1,831,506$1,537,505$2,599,370
69$3,475,861$1,866,499$1,534,261$2,748,572
70$3,773,923$1,901,482$1,529,183$2,910,395
71$4,100,609$1,936,400$1,522,156$3,086,086
72$4,458,782$1,971,194$1,513,059$3,277,023
73$4,851,595$2,005,801$1,501,764$3,484,722
74$5,282,523$2,040,150$1,488,139$3,710,858
75$5,755,392$2,074,169$1,472,043$3,957,275
76$6,274,416$2,107,777$1,453,330$4,226,006
77$6,844,238$2,140,889$1,431,848$4,519,296
78$7,469,971$2,173,414$1,407,436$4,839,615
79$8,157,249$2,205,252$1,379,926$5,189,692
80$8,912,277$2,236,299$1,349,143$5,572,531
81$9,741,893$2,266,441$1,314,902$5,991,448
82$10,653,627$2,295,557$1,277,012$6,450,097
83$11,655,777$2,323,520$1,235,272$6,952,508
84$12,757,484$2,350,190$1,189,472$7,503,122
85$13,968,819$2,375,420$1,139,390$8,106,840
86$15,300,877$2,399,055$1,084,799$8,769,061
87$16,765,883$2,420,925$1,025,456$9,495,741
88$18,377,306$2,440,853$961,111$10,293,445
89$20,149,985$2,458,648$891,502$11,169,411
90$22,100,270$2,474,109$816,354$12,131,621
91$24,246,176$2,487,019$735,381$13,188,874
92$26,607,553$2,497,150$648,283$14,350,870
93$29,206,270$2,504,257$554,748$15,628,304
94$32,066,427$2,508,083$454,448$17,032,968
95$35,214,574$2,508,350$347,044$18,577,860
96$38,679,970$2,504,769$232,179$20,277,312
97$42,494,851$2,497,027$109,482$22,147,123
98$46,694,741$2,484,796$0$24,204,711
99$51,318,779$2,467,726$0$26,472,710
100$56,410,097$2,445,447$0$28,987,776