Can I retire at age 59 with 1,280,000?

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 $1,280,000?

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$105,701$104,760$103,841$102,944$102,069$101,511
2 years$52,327$51,353$50,408$49,493$48,604$48,041
3 years$34,538$33,560$32,618$31,710$30,837$30,286
4 years$25,646$24,670$23,737$22,846$21,993$21,459
5 years$20,311$19,341$18,421$17,548$16,719$16,203
6 years$16,756$15,794$14,887$14,033$13,229$12,732
7 years$14,218$13,264$12,371$11,537$10,759$10,281
8 years$12,315$11,369$10,492$9,678$8,925$8,466
9 years$10,836$9,899$9,036$8,244$7,516$7,077
10 years$9,653$8,726$7,878$7,106$6,404$5,983
11 years$8,686$7,768$6,936$6,185$5,508$5,106
12 years$7,881$6,972$6,155$5,425$4,773$4,389
13 years$7,200$6,301$5,499$4,789$4,162$3,796
14 years$6,617$5,727$4,941$4,251$3,649$3,300
15 years$6,112$5,232$4,461$3,791$3,212$2,880
16 years$5,671$4,800$4,045$3,395$2,839$2,524
17 years$5,282$4,421$3,681$3,050$2,517$2,218
18 years$4,936$4,085$3,360$2,749$2,238$1,954
19 years$4,628$3,786$3,076$2,484$1,995$1,726
20 years$4,350$3,518$2,823$2,250$1,782$1,527
21 years$4,100$3,277$2,596$2,042$1,595$1,354
22 years$3,872$3,059$2,393$1,856$1,429$1,202
23 years$3,664$2,861$2,210$1,691$1,283$1,069
24 years$3,475$2,680$2,043$1,542$1,153$951
25 years$3,300$2,515$1,893$1,408$1,038$848
26 years$3,139$2,364$1,755$1,288$935$756
27 years$2,991$2,225$1,630$1,179$843$675
28 years$2,853$2,097$1,515$1,080$761$603
29 years$2,725$1,978$1,410$990$687$538
30 years$2,606$1,868$1,313$909$621$481
31 years$2,494$1,766$1,225$835$561$431
32 years$2,390$1,671$1,142$767$507$386
33 years$2,292$1,582$1,067$705$459$345
34 years$2,201$1,500$997$649$416$309
35 years$2,114$1,422$932$597$377$277
36 years$2,033$1,350$872$550$341$248
37 years$1,956$1,282$816$507$309$223
38 years$1,884$1,219$764$467$280$200
39 years$1,815$1,159$716$431$254$179
40 years$1,750$1,102$671$397$231$161
41 years$1,688$1,049$629$367$209$144
42 years$1,630$999$590$338$190$129
43 years$1,574$952$554$312$172$116
44 years$1,521$908$520$288$156$104
45 years$1,470$866$488$266$142$94
46 years$1,422$826$458$246$129$84
47 years$1,376$788$431$227$117$75
48 years$1,332$752$405$210$106$68
49 years$1,290$718$380$194$97$61
50 years$1,250$686$358$179$88$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,280,000, adding $2,708 every year, while hoping to spend $31,340 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: 65/25/10 Blend
58$1,280,000$1,280,000$1,280,000$1,280,000
59$1,413,353$1,345,513$1,325,673$1,502,025
60$1,524,170$1,378,098$1,336,738$1,594,052
61$1,645,239$1,411,229$1,347,123$1,690,622
62$1,777,574$1,444,900$1,356,772$1,795,330
63$1,922,290$1,479,103$1,365,627$1,908,966
64$2,080,614$1,513,829$1,373,626$2,032,401
65$2,253,897$1,549,068$1,380,703$2,166,594
66$2,443,629$1,584,807$1,386,791$2,312,602
67$2,651,449$1,621,031$1,391,818$2,471,586
68$2,879,161$1,657,726$1,395,708$2,644,828
69$3,128,753$1,694,873$1,398,382$2,833,740
70$3,402,416$1,732,451$1,399,758$3,039,875
71$3,702,559$1,770,438$1,399,747$3,264,946
72$4,031,840$1,808,810$1,398,258$3,510,840
73$4,393,184$1,847,537$1,395,195$3,779,635
74$4,789,812$1,886,590$1,390,458$4,073,621
75$5,225,275$1,925,935$1,383,941$4,395,320
76$5,703,483$1,965,536$1,375,533$4,747,514
77$6,228,743$2,005,352$1,365,117$5,133,264
78$6,805,799$2,045,339$1,352,574$5,555,945
79$7,439,880$2,085,449$1,337,774$6,019,277
80$8,136,743$2,125,632$1,320,585$6,527,357
81$8,902,734$2,165,831$1,300,867$7,084,700
82$9,744,841$2,205,984$1,278,474$7,696,282
83$10,670,764$2,246,027$1,253,253$8,367,586
84$11,688,988$2,285,889$1,225,043$9,104,654
85$12,808,860$2,325,492$1,193,677$9,914,143
86$14,040,678$2,364,756$1,158,979$10,803,392
87$15,395,789$2,403,590$1,120,767$11,780,486
88$16,886,694$2,441,901$1,078,847$12,854,335
89$18,527,169$2,479,586$1,033,021$14,034,758
90$20,332,390$2,516,536$983,077$15,332,578
91$22,319,080$2,552,633$928,796$16,759,719
92$24,505,666$2,587,751$869,950$18,329,323
93$26,912,449$2,621,756$806,299$20,055,874
94$29,561,801$2,654,505$737,593$21,955,332
95$32,478,373$2,685,843$663,569$24,045,287
96$35,689,324$2,715,606$583,956$26,345,123
97$39,224,584$2,743,620$498,468$28,876,205
98$43,117,132$2,769,698$406,807$31,662,073
99$47,403,306$2,793,640$308,662$34,728,675
100$52,123,150$2,815,234$203,708$38,104,603