Can I retire at age 59 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$122,217$121,128$120,066$119,030$118,017$117,224
2 years$60,503$59,377$58,285$57,226$56,199$55,399
3 years$39,935$38,803$37,714$36,665$35,655$34,873
4 years$29,653$28,525$27,446$26,415$25,429$24,672
5 years$23,485$22,364$21,299$20,289$19,331$18,600
6 years$19,375$18,262$17,213$16,226$15,296$14,592
7 years$16,440$15,336$14,304$13,340$12,440$11,763
8 years$14,239$13,146$12,131$11,191$10,320$9,671
9 years$12,529$11,446$10,448$9,532$8,691$8,069
10 years$11,162$10,089$9,109$8,217$7,405$6,810
11 years$10,044$8,982$8,020$7,151$6,369$5,800
12 years$9,112$8,061$7,117$6,272$5,519$4,977
13 years$8,325$7,285$6,359$5,537$4,813$4,296
14 years$7,651$6,622$5,713$4,916$4,219$3,727
15 years$7,067$6,049$5,158$4,384$3,714$3,247
16 years$6,557$5,550$4,677$3,925$3,283$2,839
17 years$6,107$5,111$4,256$3,527$2,911$2,490
18 years$5,708$4,723$3,885$3,178$2,588$2,190
19 years$5,351$4,377$3,556$2,872$2,307$1,930
20 years$5,030$4,068$3,264$2,601$2,061$1,704
21 years$4,740$3,789$3,002$2,361$1,844$1,507
22 years$4,477$3,537$2,767$2,146$1,653$1,335
23 years$4,237$3,308$2,555$1,955$1,484$1,184
24 years$4,017$3,099$2,363$1,783$1,334$1,052
25 years$3,816$2,909$2,188$1,628$1,200$935
26 years$3,630$2,734$2,030$1,489$1,081$832
27 years$3,458$2,573$1,885$1,363$975$741
28 years$3,299$2,424$1,752$1,248$879$660
29 years$3,151$2,287$1,630$1,145$794$588
30 years$3,013$2,160$1,519$1,051$717$525
31 years$2,884$2,042$1,416$965$649$468
32 years$2,763$1,932$1,321$887$587$418
33 years$2,650$1,829$1,233$816$531$374
34 years$2,544$1,734$1,152$750$481$334
35 years$2,445$1,645$1,077$691$435$298
36 years$2,351$1,561$1,008$636$395$267
37 years$2,262$1,483$943$586$358$238
38 years$2,178$1,409$883$540$324$213
39 years$2,099$1,340$828$498$294$191
40 years$2,023$1,275$776$459$267$171
41 years$1,952$1,213$727$424$242$153
42 years$1,884$1,156$682$391$220$137
43 years$1,820$1,101$640$361$199$122
44 years$1,758$1,050$601$333$181$110
45 years$1,700$1,001$564$308$164$98
46 years$1,644$955$530$284$149$88
47 years$1,591$911$498$263$135$79
48 years$1,540$870$468$243$123$70
49 years$1,492$831$440$224$112$63
50 years$1,445$793$414$207$101$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,480,000, adding $4,535 every year, while hoping to spend $37,463 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: 68/27/5 Blend
58$1,480,000$1,480,000$1,480,000$1,480,000
59$1,635,638$1,557,198$1,534,258$1,745,615
60$1,762,613$1,593,640$1,545,795$1,855,436
61$1,901,283$1,630,613$1,556,463$1,970,479
62$2,052,803$1,668,102$1,566,194$2,095,252
63$2,218,442$1,706,091$1,574,914$2,230,698
64$2,399,598$1,744,565$1,582,549$2,377,856
65$2,597,810$1,783,502$1,589,018$2,537,871
66$2,814,774$1,822,881$1,594,237$2,712,002
67$3,052,356$1,862,677$1,598,119$2,901,635
68$3,312,611$1,902,863$1,600,571$3,108,300
69$3,597,803$1,943,409$1,601,495$3,333,679
70$3,910,425$1,984,282$1,600,791$3,579,625
71$4,253,222$2,025,445$1,598,351$3,848,180
72$4,629,218$2,066,859$1,594,064$4,141,594
73$5,041,744$2,108,481$1,587,811$4,462,343
74$5,494,468$2,150,264$1,579,469$4,813,158
75$5,991,432$2,192,155$1,568,910$5,197,046
76$6,537,088$2,234,100$1,555,997$5,617,319
77$7,136,337$2,276,037$1,540,590$6,077,628
78$7,794,583$2,317,902$1,522,539$6,581,995
79$8,517,776$2,359,625$1,501,689$7,134,851
80$9,312,470$2,401,128$1,477,877$7,741,079
81$10,185,889$2,442,330$1,450,933$8,406,058
82$11,145,989$2,483,143$1,420,678$9,135,717
83$12,201,534$2,523,472$1,386,925$9,936,588
84$13,362,183$2,563,214$1,349,479$10,815,869
85$14,638,574$2,602,260$1,308,136$11,781,491
86$16,042,432$2,640,494$1,262,681$12,842,196
87$17,586,670$2,677,788$1,212,891$14,007,613
88$19,285,520$2,714,010$1,158,533$15,288,358
89$21,154,661$2,749,014$1,099,361$16,696,126
90$23,211,367$2,782,646$1,035,121$18,243,805
91$25,474,674$2,814,743$965,545$19,945,601
92$27,965,554$2,845,129$890,354$21,817,164
93$30,707,116$2,873,616$809,257$23,875,744
94$33,724,824$2,900,005$721,949$26,140,351
95$37,046,734$2,924,083$628,112$28,631,931
96$40,703,761$2,945,623$527,413$31,373,571
97$44,729,969$2,964,384$419,507$34,390,712
98$49,162,896$2,980,109$304,030$37,711,389
99$54,043,901$2,992,523$180,604$41,366,501
100$59,418,559$3,001,337$48,835$45,390,097