Can I retire at age 59 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$104,875$103,941$103,030$102,140$101,272$100,048
2 years$51,919$50,952$50,014$49,106$48,225$46,993
3 years$34,269$33,297$32,363$31,463$30,596$29,394
4 years$25,445$24,477$23,552$22,667$21,821$20,659
5 years$20,153$19,190$18,277$17,410$16,588$15,469
6 years$16,625$15,670$14,771$13,923$13,126$12,051
7 years$14,107$13,160$12,274$11,447$10,675$9,645
8 years$12,219$11,281$10,410$9,603$8,856$7,871
9 years$10,751$9,822$8,966$8,179$7,458$6,518
10 years$9,578$8,657$7,817$7,051$6,354$5,458
11 years$8,618$7,707$6,882$6,136$5,465$4,611
12 years$7,819$6,918$6,107$5,382$4,736$3,924
13 years$7,144$6,251$5,456$4,752$4,130$3,359
14 years$6,565$5,682$4,903$4,218$3,620$2,889
15 years$6,064$5,191$4,426$3,762$3,187$2,496
16 years$5,627$4,763$4,013$3,368$2,817$2,163
17 years$5,241$4,386$3,652$3,026$2,498$1,880
18 years$4,898$4,053$3,334$2,727$2,221$1,638
19 years$4,592$3,756$3,052$2,464$1,980$1,430
20 years$4,316$3,491$2,801$2,232$1,768$1,250
21 years$4,068$3,251$2,576$2,026$1,582$1,095
22 years$3,842$3,035$2,374$1,842$1,418$961
23 years$3,636$2,839$2,192$1,677$1,273$844
24 years$3,447$2,660$2,028$1,530$1,144$742
25 years$3,274$2,496$1,878$1,397$1,030$653
26 years$3,115$2,346$1,742$1,277$928$575
27 years$2,967$2,208$1,617$1,169$836$507
28 years$2,831$2,080$1,503$1,071$755$447
29 years$2,704$1,962$1,399$982$681$394
30 years$2,585$1,853$1,303$902$616$348
31 years$2,475$1,752$1,215$828$557$307
32 years$2,371$1,658$1,134$761$503$271
33 years$2,274$1,570$1,058$700$456$240
34 years$2,183$1,488$989$644$413$212
35 years$2,098$1,411$925$593$374$187
36 years$2,017$1,339$865$546$339$166
37 years$1,941$1,272$810$503$307$147
38 years$1,869$1,209$758$464$278$130
39 years$1,801$1,150$710$427$252$115
40 years$1,736$1,094$666$394$229$101
41 years$1,675$1,041$624$364$208$90
42 years$1,617$992$586$336$188$79
43 years$1,562$945$549$310$171$70
44 years$1,509$901$516$286$155$62
45 years$1,459$859$484$264$141$55
46 years$1,411$819$455$244$128$49
47 years$1,365$782$427$226$116$43
48 years$1,322$746$402$208$105$38
49 years$1,280$713$377$193$96$34
50 years$1,240$681$355$178$87$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,270,000, adding $5,518 every year, while hoping to spend $58,980 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: 25/49/26 Blend
58$1,270,000$1,270,000$1,270,000$1,270,000
59$1,405,232$1,337,922$1,318,237$1,428,739
60$1,485,811$1,340,726$1,299,643$1,451,368
61$1,572,633$1,341,690$1,278,451$1,470,204
62$1,666,271$1,340,663$1,254,509$1,489,158
63$1,767,358$1,337,482$1,227,661$1,508,281
64$1,876,585$1,331,976$1,197,745$1,527,631
65$1,994,717$1,323,962$1,164,589$1,547,277
66$2,122,589$1,313,247$1,128,014$1,567,305
67$2,261,123$1,299,626$1,087,832$1,587,811
68$2,411,331$1,282,882$1,043,848$1,608,911
69$2,574,327$1,262,784$995,858$1,630,737
70$2,751,336$1,239,087$943,646$1,653,445
71$2,943,704$1,211,534$886,990$1,677,213
72$3,152,913$1,179,851$825,655$1,702,245
73$3,380,593$1,143,747$759,398$1,728,776
74$3,628,538$1,102,915$687,963$1,757,074
75$3,898,723$1,057,031$611,083$1,787,444
76$4,193,318$1,005,751$528,480$1,820,234
77$4,514,715$948,712$439,862$1,855,837
78$4,865,546$885,528$344,927$1,894,699
79$5,248,706$815,794$243,357$1,937,324
80$5,667,386$739,080$134,821$1,984,281
81$6,125,095$654,930$18,974$2,036,210
82$6,625,699$562,866$0$2,093,835
83$7,173,454$462,380$0$2,186,998
84$7,773,046$352,936$0$2,295,081
85$8,429,635$233,968$0$2,413,945
86$9,148,903$104,879$0$2,544,846
87$9,937,110$0$0$2,689,185
88$10,801,147$0$0$2,867,368
89$11,748,605$0$0$3,124,980
90$12,787,844$0$0$3,407,770
91$13,928,073$0$0$3,718,272
92$15,179,436$0$0$4,059,276
93$16,553,105$0$0$4,433,858
94$18,061,387$0$0$4,845,405
95$19,717,840$0$0$5,297,646
96$21,537,398$0$0$5,794,694
97$23,536,513$0$0$6,341,076
98$25,733,311$0$0$6,941,782
99$28,147,758$0$0$7,602,308
100$30,801,853$0$0$8,328,711