Can I retire at age 59 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$103,224$102,304$101,407$100,532$99,677$97,624
2 years$51,101$50,149$49,227$48,333$47,465$45,407
3 years$33,729$32,773$31,853$30,967$30,114$28,114
4 years$25,045$24,092$23,181$22,310$21,477$19,551
5 years$19,835$18,888$17,989$17,136$16,327$14,479
6 years$16,364$15,424$14,538$13,704$12,919$11,152
7 years$13,885$12,953$12,081$11,267$10,506$8,821
8 years$12,027$11,103$10,246$9,451$8,716$7,112
9 years$10,582$9,667$8,825$8,051$7,340$5,816
10 years$9,427$8,521$7,694$6,940$6,254$4,808
11 years$8,483$7,586$6,773$6,040$5,379$4,009
12 years$7,696$6,809$6,011$5,298$4,661$3,366
13 years$7,031$6,153$5,371$4,677$4,065$2,842
14 years$6,462$5,593$4,825$4,152$3,563$2,410
15 years$5,969$5,109$4,357$3,703$3,137$2,052
16 years$5,538$4,688$3,950$3,315$2,773$1,752
17 years$5,158$4,317$3,594$2,979$2,458$1,500
18 years$4,821$3,989$3,281$2,684$2,186$1,287
19 years$4,519$3,697$3,004$2,426$1,948$1,107
20 years$4,248$3,436$2,757$2,197$1,740$953
21 years$4,004$3,200$2,536$1,994$1,557$822
22 years$3,781$2,987$2,337$1,813$1,396$709
23 years$3,579$2,794$2,158$1,651$1,253$613
24 years$3,393$2,618$1,996$1,506$1,126$530
25 years$3,223$2,457$1,848$1,375$1,014$459
26 years$3,066$2,309$1,714$1,257$913$397
27 years$2,921$2,173$1,592$1,151$823$344
28 years$2,786$2,047$1,480$1,054$743$298
29 years$2,661$1,931$1,377$967$671$259
30 years$2,544$1,824$1,283$887$606$225
31 years$2,436$1,724$1,196$815$548$195
32 years$2,334$1,632$1,116$749$496$169
33 years$2,239$1,545$1,042$689$448$147
34 years$2,149$1,464$973$634$406$128
35 years$2,065$1,389$910$583$368$111
36 years$1,985$1,318$851$537$333$96
37 years$1,910$1,252$797$495$302$84
38 years$1,840$1,190$746$456$274$73
39 years$1,772$1,132$699$421$248$63
40 years$1,709$1,077$655$388$225$55
41 years$1,649$1,025$614$358$204$48
42 years$1,591$976$576$330$185$41
43 years$1,537$930$541$305$168$36
44 years$1,485$886$508$282$153$31
45 years$1,436$845$477$260$139$27
46 years$1,389$806$448$240$126$24
47 years$1,344$770$421$222$114$21
48 years$1,301$735$395$205$104$18
49 years$1,260$702$372$190$94$16
50 years$1,220$670$349$175$86$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,250,000, adding $4,377 every year, while hoping to spend $54,791 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: 60/23/17 Blend
58$1,250,000$1,250,000$1,250,000$1,250,000
59$1,382,015$1,315,765$1,296,390$1,458,659
60$1,464,683$1,321,940$1,281,522$1,517,107
61$1,553,947$1,326,582$1,264,319$1,574,369
62$1,650,422$1,329,556$1,244,646$1,635,568
63$1,754,784$1,330,723$1,222,360$1,701,090
64$1,867,774$1,329,931$1,197,312$1,771,365
65$1,990,211$1,327,022$1,169,346$1,846,868
66$2,122,993$1,321,826$1,138,299$1,928,122
67$2,267,106$1,314,163$1,103,999$2,015,707
68$2,423,636$1,303,843$1,066,270$2,110,265
69$2,593,780$1,290,664$1,024,922$2,212,503
70$2,778,851$1,274,411$979,762$2,323,206
71$2,980,294$1,254,858$930,585$2,443,239
72$3,199,702$1,231,764$877,177$2,573,558
73$3,438,825$1,204,874$819,316$2,715,221
74$3,699,591$1,173,918$756,769$2,869,396
75$3,984,119$1,138,611$689,291$3,037,373
76$4,294,746$1,098,649$616,629$3,220,580
77$4,634,040$1,053,713$538,516$3,420,592
78$5,004,831$1,003,464$454,675$3,639,148
79$5,410,233$947,543$364,816$3,878,171
80$5,853,676$885,572$268,637$4,139,784
81$6,338,936$817,150$165,821$4,426,332
82$6,870,170$741,853$56,038$4,740,404
83$7,451,957$659,233$0$5,084,859
84$8,089,338$568,817$0$5,473,940
85$8,787,866$470,105$0$5,911,614
86$9,553,657$362,569$0$6,391,621
87$10,393,446$245,650$0$6,918,279
88$11,314,651$118,760$0$7,496,351
89$12,325,442$0$0$8,131,089
90$13,434,820$0$0$8,833,023
91$14,652,698$0$0$9,636,706
92$15,989,997$0$0$10,519,301
93$17,458,747$0$0$11,488,760
94$19,072,198$0$0$12,553,842
95$20,844,951$0$0$13,724,200
96$22,793,086$0$0$15,010,466
97$24,934,323$0$0$16,424,351
98$27,288,181$0$0$17,978,762
99$29,876,165$0$0$19,687,915
100$32,721,968$0$0$21,567,475