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%14.7%
1 years$103,224$102,304$101,407$100,532$99,677$97,744
2 years$51,101$50,149$49,227$48,333$47,465$45,526
3 years$33,729$32,773$31,853$30,967$30,114$28,228
4 years$25,045$24,092$23,181$22,310$21,477$19,660
5 years$19,835$18,888$17,989$17,136$16,327$14,583
6 years$16,364$15,424$14,538$13,704$12,919$11,251
7 years$13,885$12,953$12,081$11,267$10,506$8,914
8 years$12,027$11,103$10,246$9,451$8,716$7,199
9 years$10,582$9,667$8,825$8,051$7,340$5,898
10 years$9,427$8,521$7,694$6,940$6,254$4,885
11 years$8,483$7,586$6,773$6,040$5,379$4,081
12 years$7,696$6,809$6,011$5,298$4,661$3,433
13 years$7,031$6,153$5,371$4,677$4,065$2,904
14 years$6,462$5,593$4,825$4,152$3,563$2,468
15 years$5,969$5,109$4,357$3,703$3,137$2,105
16 years$5,538$4,688$3,950$3,315$2,773$1,802
17 years$5,158$4,317$3,594$2,979$2,458$1,546
18 years$4,821$3,989$3,281$2,684$2,186$1,330
19 years$4,519$3,697$3,004$2,426$1,948$1,146
20 years$4,248$3,436$2,757$2,197$1,740$989
21 years$4,004$3,200$2,536$1,994$1,557$854
22 years$3,781$2,987$2,337$1,813$1,396$739
23 years$3,579$2,794$2,158$1,651$1,253$640
24 years$3,393$2,618$1,996$1,506$1,126$555
25 years$3,223$2,457$1,848$1,375$1,014$482
26 years$3,066$2,309$1,714$1,257$913$418
27 years$2,921$2,173$1,592$1,151$823$363
28 years$2,786$2,047$1,480$1,054$743$316
29 years$2,661$1,931$1,377$967$671$274
30 years$2,544$1,824$1,283$887$606$239
31 years$2,436$1,724$1,196$815$548$208
32 years$2,334$1,632$1,116$749$496$181
33 years$2,239$1,545$1,042$689$448$157
34 years$2,149$1,464$973$634$406$137
35 years$2,065$1,389$910$583$368$119
36 years$1,985$1,318$851$537$333$104
37 years$1,910$1,252$797$495$302$90
38 years$1,840$1,190$746$456$274$79
39 years$1,772$1,132$699$421$248$69
40 years$1,709$1,077$655$388$225$60
41 years$1,649$1,025$614$358$204$52
42 years$1,591$976$576$330$185$45
43 years$1,537$930$541$305$168$40
44 years$1,485$886$508$282$153$34
45 years$1,436$845$477$260$139$30
46 years$1,389$806$448$240$126$26
47 years$1,344$770$421$222$114$23
48 years$1,301$735$395$205$104$20
49 years$1,260$702$372$190$94$17
50 years$1,220$670$349$175$86$15

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 $5,287 every year, while hoping to spend $26,796 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: 41/49/10 Blend
58$1,250,000$1,250,000$1,250,000$1,250,000
59$1,382,954$1,316,704$1,297,329$1,435,346
60$1,495,504$1,352,711$1,312,278$1,508,602
61$1,618,637$1,389,585$1,326,831$1,584,756
62$1,753,402$1,427,340$1,340,944$1,666,574
63$1,900,959$1,465,989$1,354,575$1,754,584
64$2,062,580$1,505,546$1,367,677$1,849,363
65$2,239,670$1,546,024$1,380,201$1,951,547
66$2,433,775$1,587,438$1,392,096$2,061,836
67$2,646,596$1,629,798$1,403,308$2,181,000
68$2,880,009$1,673,119$1,413,779$2,309,888
69$3,136,080$1,717,411$1,423,450$2,449,431
70$3,417,082$1,762,687$1,432,258$2,600,658
71$3,725,522$1,808,956$1,440,136$2,764,699
72$4,064,160$1,856,229$1,447,015$2,942,800
73$4,436,036$1,904,516$1,452,822$3,136,331
74$4,844,498$1,953,825$1,457,479$3,346,802
75$5,293,238$2,004,163$1,460,905$3,575,876
76$5,786,319$2,055,538$1,463,016$3,825,384
77$6,328,220$2,107,955$1,463,723$4,097,344
78$6,923,872$2,161,419$1,462,932$4,393,976
79$7,578,712$2,215,933$1,460,545$4,717,728
80$8,298,726$2,271,500$1,456,459$5,071,297
81$9,090,512$2,328,119$1,450,566$5,457,651
82$9,961,337$2,385,790$1,442,753$5,880,062
83$10,919,210$2,444,510$1,432,902$6,342,136
84$11,972,953$2,504,274$1,420,887$6,847,843
85$13,132,288$2,565,077$1,406,580$7,401,558
86$14,407,924$2,626,909$1,389,844$8,008,104
87$15,811,664$2,689,759$1,370,535$8,672,790
88$17,356,510$2,753,614$1,348,504$9,401,472
89$19,056,791$2,818,457$1,323,596$10,200,596
90$20,928,292$2,884,270$1,295,645$11,077,271
91$22,988,409$2,951,031$1,264,481$12,039,325
92$25,256,310$3,018,715$1,229,924$13,095,389
93$27,753,113$3,087,291$1,191,786$14,254,970
94$30,502,092$3,156,729$1,149,871$15,528,546
95$33,528,888$3,226,992$1,103,975$16,927,664
96$36,861,758$3,298,038$1,053,881$18,465,046
97$40,531,838$3,369,822$999,367$20,154,715
98$44,573,436$3,442,295$940,197$22,012,123
99$49,024,360$3,515,400$876,127$24,054,296
100$53,926,267$3,589,077$806,899$26,300,000