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%11.3%
1 years$104,875$103,941$103,030$102,140$101,272$100,718
2 years$51,919$50,952$50,014$49,106$48,225$47,666
3 years$34,269$33,297$32,363$31,463$30,596$30,049
4 years$25,445$24,477$23,552$22,667$21,821$21,291
5 years$20,153$19,190$18,277$17,410$16,588$16,076
6 years$16,625$15,670$14,771$13,923$13,126$12,632
7 years$14,107$13,160$12,274$11,447$10,675$10,200
8 years$12,219$11,281$10,410$9,603$8,856$8,400
9 years$10,751$9,822$8,966$8,179$7,458$7,021
10 years$9,578$8,657$7,817$7,051$6,354$5,937
11 years$8,618$7,707$6,882$6,136$5,465$5,066
12 years$7,819$6,918$6,107$5,382$4,736$4,355
13 years$7,144$6,251$5,456$4,752$4,130$3,766
14 years$6,565$5,682$4,903$4,218$3,620$3,274
15 years$6,064$5,191$4,426$3,762$3,187$2,858
16 years$5,627$4,763$4,013$3,368$2,817$2,504
17 years$5,241$4,386$3,652$3,026$2,498$2,201
18 years$4,898$4,053$3,334$2,727$2,221$1,939
19 years$4,592$3,756$3,052$2,464$1,980$1,713
20 years$4,316$3,491$2,801$2,232$1,768$1,516
21 years$4,068$3,251$2,576$2,026$1,582$1,344
22 years$3,842$3,035$2,374$1,842$1,418$1,193
23 years$3,636$2,839$2,192$1,677$1,273$1,060
24 years$3,447$2,660$2,028$1,530$1,144$944
25 years$3,274$2,496$1,878$1,397$1,030$841
26 years$3,115$2,346$1,742$1,277$928$750
27 years$2,967$2,208$1,617$1,169$836$669
28 years$2,831$2,080$1,503$1,071$755$598
29 years$2,704$1,962$1,399$982$681$534
30 years$2,585$1,853$1,303$902$616$478
31 years$2,475$1,752$1,215$828$557$427
32 years$2,371$1,658$1,134$761$503$383
33 years$2,274$1,570$1,058$700$456$343
34 years$2,183$1,488$989$644$413$307
35 years$2,098$1,411$925$593$374$275
36 years$2,017$1,339$865$546$339$246
37 years$1,941$1,272$810$503$307$221
38 years$1,869$1,209$758$464$278$198
39 years$1,801$1,150$710$427$252$178
40 years$1,736$1,094$666$394$229$159
41 years$1,675$1,041$624$364$208$143
42 years$1,617$992$586$336$188$128
43 years$1,562$945$549$310$171$115
44 years$1,509$901$516$286$155$103
45 years$1,459$859$484$264$141$93
46 years$1,411$819$455$244$128$83
47 years$1,365$782$427$226$116$75
48 years$1,322$746$402$208$105$67
49 years$1,280$713$377$193$96$60
50 years$1,240$681$355$178$87$54

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 $6,995 every year, while hoping to spend $54,183 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: 52/34/14 Blend
58$1,270,000$1,270,000$1,270,000$1,270,000
59$1,406,755$1,339,445$1,319,760$1,474,273
60$1,492,594$1,347,428$1,306,322$1,529,190
61$1,585,372$1,353,986$1,290,618$1,582,557
62$1,685,741$1,358,991$1,272,514$1,639,378
63$1,794,415$1,362,310$1,251,871$1,699,993
64$1,912,180$1,363,799$1,228,544$1,764,781
65$2,039,902$1,363,304$1,202,380$1,834,162
66$2,178,531$1,360,665$1,173,219$1,908,599
67$2,329,113$1,355,709$1,140,893$1,988,606
68$2,492,797$1,348,254$1,105,228$2,074,753
69$2,670,851$1,338,106$1,066,041$2,167,668
70$2,864,664$1,325,061$1,023,140$2,268,050
71$3,075,771$1,308,899$976,326$2,376,669
72$3,305,856$1,289,392$925,390$2,494,379
73$3,556,775$1,266,294$870,112$2,622,126
74$3,830,570$1,239,346$810,265$2,760,953
75$4,129,489$1,208,275$745,609$2,912,017
76$4,456,006$1,172,789$675,896$3,076,596
77$4,812,844$1,132,582$600,864$3,256,104
78$5,203,004$1,087,328$520,243$3,452,104
79$5,629,786$1,036,683$433,747$3,666,326
80$6,096,826$980,282$341,079$3,900,678
81$6,608,128$917,741$241,931$4,157,274
82$7,168,099$848,653$135,978$4,438,448
83$7,781,595$772,586$22,883$4,746,779
84$8,453,961$689,087$0$5,085,118
85$9,191,086$597,673$0$5,471,226
86$9,999,454$497,836$0$5,898,568
87$10,886,209$389,041$0$6,367,625
88$11,859,217$270,718$0$6,882,702
89$12,927,144$142,271$0$7,448,551
90$14,099,536$3,065$0$8,070,415
91$15,386,908$0$0$8,754,083
92$16,800,841$0$0$9,561,149
93$18,354,097$0$0$10,449,134
94$20,060,731$0$0$11,424,946
95$21,936,229$0$0$12,497,456
96$23,997,651$0$0$13,676,438
97$26,263,792$0$0$14,972,659
98$28,755,358$0$0$16,397,983
99$31,495,162$0$0$17,965,481
100$34,508,339$0$0$19,689,553