Can I retire at age 59 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$104,050$103,123$102,219$101,336$100,474$99,095
2 years$51,510$50,550$49,621$48,719$47,845$46,458
3 years$33,999$33,035$32,108$31,215$30,355$29,003
4 years$25,245$24,284$23,366$22,489$21,649$20,344
5 years$19,994$19,039$18,133$17,273$16,457$15,201
6 years$16,495$15,547$14,654$13,814$13,022$11,817
7 years$13,996$13,056$12,178$11,357$10,591$9,436
8 years$12,123$11,192$10,328$9,527$8,786$7,683
9 years$10,667$9,744$8,895$8,115$7,399$6,347
10 years$9,502$8,589$7,755$6,995$6,304$5,302
11 years$8,551$7,646$6,827$6,088$5,422$4,469
12 years$7,758$6,863$6,059$5,340$4,699$3,793
13 years$7,088$6,202$5,414$4,714$4,097$3,238
14 years$6,514$5,638$4,864$4,185$3,592$2,778
15 years$6,017$5,150$4,392$3,732$3,162$2,393
16 years$5,582$4,725$3,982$3,342$2,795$2,068
17 years$5,199$4,352$3,623$3,003$2,478$1,792
18 years$4,859$4,021$3,307$2,706$2,203$1,557
19 years$4,555$3,727$3,028$2,445$1,964$1,355
20 years$4,282$3,463$2,779$2,214$1,754$1,182
21 years$4,036$3,226$2,556$2,010$1,570$1,032
22 years$3,811$3,011$2,356$1,827$1,407$903
23 years$3,607$2,816$2,175$1,664$1,263$791
24 years$3,420$2,639$2,012$1,518$1,135$693
25 years$3,248$2,476$1,863$1,386$1,022$608
26 years$3,090$2,327$1,728$1,267$920$534
27 years$2,944$2,190$1,605$1,160$830$469
28 years$2,808$2,064$1,492$1,063$749$412
29 years$2,682$1,947$1,388$975$676$362
30 years$2,565$1,839$1,293$895$611$319
31 years$2,455$1,738$1,205$822$552$280
32 years$2,353$1,645$1,125$755$500$247
33 years$2,256$1,558$1,050$694$452$217
34 years$2,166$1,476$981$639$409$192
35 years$2,081$1,400$917$588$371$169
36 years$2,001$1,329$858$542$336$149
37 years$1,926$1,262$803$499$304$131
38 years$1,854$1,200$752$460$276$116
39 years$1,787$1,141$705$424$250$102
40 years$1,723$1,085$660$391$227$90
41 years$1,662$1,033$619$361$206$79
42 years$1,604$984$581$333$187$70
43 years$1,549$937$545$307$170$62
44 years$1,497$894$512$284$154$54
45 years$1,447$852$480$262$140$48
46 years$1,400$813$451$242$127$42
47 years$1,355$776$424$224$115$37
48 years$1,311$740$398$207$105$33
49 years$1,270$707$374$191$95$29
50 years$1,230$675$352$177$86$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,260,000, adding $5,042 every year, while hoping to spend $37,496 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: 61/28/11 Blend
58$1,260,000$1,260,000$1,260,000$1,260,000
59$1,393,721$1,326,941$1,307,411$1,474,855
60$1,495,985$1,352,065$1,311,314$1,555,013
61$1,607,423$1,377,165$1,314,090$1,637,712
62$1,728,932$1,402,197$1,315,664$1,727,027
63$1,861,497$1,427,119$1,315,953$1,823,600
64$2,006,205$1,451,883$1,314,873$1,928,136
65$2,164,251$1,476,438$1,312,334$2,041,414
66$2,336,949$1,500,728$1,308,242$2,164,292
67$2,525,749$1,524,695$1,302,499$2,297,714
68$2,732,246$1,548,275$1,295,003$2,442,723
69$2,958,194$1,571,400$1,285,644$2,600,467
70$3,205,528$1,593,996$1,274,311$2,772,210
71$3,476,376$1,615,987$1,260,885$2,959,349
72$3,773,082$1,637,286$1,245,241$3,163,419
73$4,098,230$1,657,807$1,227,250$3,386,117
74$4,454,662$1,677,452$1,206,775$3,629,310
75$4,845,510$1,696,119$1,183,675$3,895,057
76$5,274,223$1,713,701$1,157,799$4,185,629
77$5,744,601$1,730,079$1,128,993$4,503,526
78$6,260,829$1,745,131$1,097,092$4,851,509
79$6,827,515$1,758,724$1,061,927$5,232,616
80$7,449,738$1,770,718$1,023,317$5,650,201
81$8,133,091$1,780,963$981,078$6,107,958
82$8,883,735$1,789,299$935,014$6,609,960
83$9,708,459$1,795,558$884,919$7,160,697
84$10,614,740$1,799,558$830,582$7,765,119
85$11,610,817$1,801,110$771,780$8,428,683
86$12,705,764$1,800,008$708,278$9,157,403
87$13,909,581$1,796,038$639,835$9,957,910
88$15,233,285$1,788,970$566,196$10,837,513
89$16,689,011$1,778,560$487,094$11,804,270
90$18,290,132$1,764,552$402,254$12,867,062
91$20,051,381$1,746,670$311,385$14,035,679
92$21,988,990$1,724,626$214,185$15,320,916
93$24,120,846$1,698,110$110,338$16,734,668
94$26,466,653$1,666,799$0$18,290,049
95$29,048,125$1,630,346$0$20,001,573
96$31,889,187$1,588,385$0$21,898,940
97$35,016,199$1,540,531$0$23,986,793
98$38,458,206$1,486,372$0$26,284,537
99$42,247,215$1,425,476$0$28,813,559
100$46,418,490$1,357,384$0$31,597,430