Can I retire at age 59 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$99,921$99,031$98,162$97,315$96,487$92,953
2 years$49,466$48,544$47,652$46,786$45,946$42,425
3 years$32,650$31,724$30,834$29,976$29,150$25,752
4 years$24,243$23,321$22,439$21,596$20,790$17,542
5 years$19,201$18,284$17,414$16,588$15,804$12,714
6 years$15,840$14,930$14,073$13,265$12,505$9,575
7 years$13,441$12,538$11,695$10,906$10,170$7,400
8 years$11,642$10,748$9,918$9,149$8,437$5,824
9 years$10,243$9,358$8,542$7,793$7,105$4,645
10 years$9,125$8,248$7,447$6,718$6,054$3,743
11 years$8,211$7,343$6,557$5,846$5,207$3,040
12 years$7,450$6,591$5,819$5,128$4,512$2,484
13 years$6,806$5,956$5,199$4,527$3,935$2,040
14 years$6,255$5,414$4,671$4,019$3,449$1,682
15 years$5,778$4,946$4,217$3,584$3,037$1,391
16 years$5,361$4,538$3,824$3,209$2,684$1,154
17 years$4,993$4,179$3,479$2,883$2,380$959
18 years$4,667$3,862$3,176$2,599$2,116$798
19 years$4,375$3,579$2,908$2,348$1,886$665
20 years$4,112$3,326$2,668$2,127$1,685$555
21 years$3,875$3,098$2,455$1,930$1,508$464
22 years$3,660$2,892$2,262$1,755$1,351$388
23 years$3,464$2,704$2,089$1,598$1,213$324
24 years$3,285$2,534$1,932$1,458$1,090$272
25 years$3,120$2,378$1,789$1,331$981$228
26 years$2,968$2,235$1,659$1,217$884$191
27 years$2,827$2,103$1,541$1,114$797$160
28 years$2,697$1,982$1,432$1,021$719$134
29 years$2,576$1,870$1,333$936$649$112
30 years$2,463$1,766$1,242$859$587$94
31 years$2,358$1,669$1,158$789$530$79
32 years$2,259$1,579$1,080$725$480$66
33 years$2,167$1,496$1,008$667$434$56
34 years$2,080$1,418$942$613$393$47
35 years$1,999$1,345$881$565$356$39
36 years$1,922$1,276$824$520$323$33
37 years$1,849$1,212$771$479$292$28
38 years$1,781$1,152$722$442$265$23
39 years$1,716$1,095$677$407$240$19
40 years$1,654$1,042$634$376$218$16
41 years$1,596$992$595$347$198$14
42 years$1,541$945$558$320$179$12
43 years$1,488$900$524$295$163$10
44 years$1,438$858$491$273$148$8
45 years$1,390$818$461$252$134$7
46 years$1,344$781$433$233$122$6
47 years$1,301$745$407$215$111$5
48 years$1,259$711$383$199$100$4
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,210,000, adding $6,590 every year, while hoping to spend $26,564 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: 46/36/18 Blend
58$1,210,000$1,210,000$1,210,000$1,210,000
59$1,340,218$1,276,088$1,257,333$1,394,707
60$1,448,656$1,310,352$1,271,189$1,467,668
61$1,567,265$1,345,405$1,284,620$1,543,592
62$1,697,053$1,381,257$1,297,582$1,625,400
63$1,839,133$1,417,919$1,310,031$1,713,651
64$1,994,727$1,455,400$1,321,920$1,808,960
65$2,165,184$1,493,710$1,333,200$1,912,005
66$2,351,989$1,532,857$1,343,818$2,023,532
67$2,556,775$1,572,850$1,353,719$2,144,362
68$2,781,343$1,613,697$1,362,845$2,275,402
69$3,027,675$1,655,404$1,371,136$2,417,646
70$3,297,957$1,697,977$1,378,528$2,572,193
71$3,594,594$1,741,423$1,384,954$2,740,252
72$3,920,235$1,785,745$1,390,342$2,923,154
73$4,277,799$1,830,948$1,394,619$3,122,368
74$4,670,503$1,877,033$1,397,708$3,339,510
75$5,101,889$1,924,001$1,399,525$3,576,360
76$5,575,858$1,971,854$1,399,985$3,834,881
77$6,096,709$2,020,588$1,398,999$4,117,235
78$6,669,179$2,070,203$1,396,471$4,425,804
79$7,298,485$2,120,692$1,392,302$4,763,213
80$7,990,375$2,172,051$1,386,389$5,132,354
81$8,751,182$2,224,271$1,378,622$5,536,415
82$9,587,885$2,277,341$1,368,887$5,978,907
83$10,508,169$2,331,251$1,357,065$6,463,701
84$11,520,505$2,385,986$1,343,030$6,995,062
85$12,634,226$2,441,528$1,326,651$7,577,690
86$13,859,613$2,497,859$1,307,789$8,216,763
87$15,207,995$2,554,956$1,286,302$8,917,991
88$16,691,856$2,612,794$1,262,038$9,687,662
89$18,324,948$2,671,344$1,234,840$10,532,711
90$20,122,428$2,730,574$1,204,542$11,460,775
91$22,100,992$2,790,450$1,170,971$12,480,274
92$24,279,042$2,850,930$1,133,947$13,600,488
93$26,676,851$2,911,973$1,093,281$14,831,642
94$29,316,759$2,973,529$1,048,775$16,185,006
95$32,223,382$3,035,545$1,000,223$17,672,999
96$35,423,845$3,097,964$947,408$19,309,310
97$38,948,035$3,160,723$890,104$21,109,025
98$42,828,888$3,223,752$828,076$23,088,768
99$47,102,695$3,286,976$761,077$25,266,863
100$51,809,446$3,350,314$688,849$27,663,502