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%11.5%
1 years$105,701$104,760$103,841$102,944$102,069$101,426
2 years$52,327$51,353$50,408$49,493$48,604$47,955
3 years$34,538$33,560$32,618$31,710$30,837$30,202
4 years$25,646$24,670$23,737$22,846$21,993$21,378
5 years$20,311$19,341$18,421$17,548$16,719$16,125
6 years$16,756$15,794$14,887$14,033$13,229$12,657
7 years$14,218$13,264$12,371$11,537$10,759$10,209
8 years$12,315$11,369$10,492$9,678$8,925$8,398
9 years$10,836$9,899$9,036$8,244$7,516$7,011
10 years$9,653$8,726$7,878$7,106$6,404$5,921
11 years$8,686$7,768$6,936$6,185$5,508$5,046
12 years$7,881$6,972$6,155$5,425$4,773$4,332
13 years$7,200$6,301$5,499$4,789$4,162$3,742
14 years$6,617$5,727$4,941$4,251$3,649$3,249
15 years$6,112$5,232$4,461$3,791$3,212$2,832
16 years$5,671$4,800$4,045$3,395$2,839$2,478
17 years$5,282$4,421$3,681$3,050$2,517$2,175
18 years$4,936$4,085$3,360$2,749$2,238$1,914
19 years$4,628$3,786$3,076$2,484$1,995$1,688
20 years$4,350$3,518$2,823$2,250$1,782$1,491
21 years$4,100$3,277$2,596$2,042$1,595$1,320
22 years$3,872$3,059$2,393$1,856$1,429$1,170
23 years$3,664$2,861$2,210$1,691$1,283$1,039
24 years$3,475$2,680$2,043$1,542$1,153$923
25 years$3,300$2,515$1,893$1,408$1,038$821
26 years$3,139$2,364$1,755$1,288$935$731
27 years$2,991$2,225$1,630$1,179$843$652
28 years$2,853$2,097$1,515$1,080$761$581
29 years$2,725$1,978$1,410$990$687$519
30 years$2,606$1,868$1,313$909$621$463
31 years$2,494$1,766$1,225$835$561$413
32 years$2,390$1,671$1,142$767$507$369
33 years$2,292$1,582$1,067$705$459$330
34 years$2,201$1,500$997$649$416$295
35 years$2,114$1,422$932$597$377$264
36 years$2,033$1,350$872$550$341$236
37 years$1,956$1,282$816$507$309$212
38 years$1,884$1,219$764$467$280$189
39 years$1,815$1,159$716$431$254$170
40 years$1,750$1,102$671$397$231$152
41 years$1,688$1,049$629$367$209$136
42 years$1,630$999$590$338$190$122
43 years$1,574$952$554$312$172$109
44 years$1,521$908$520$288$156$98
45 years$1,470$866$488$266$142$88
46 years$1,422$826$458$246$129$79
47 years$1,376$788$431$227$117$70
48 years$1,332$752$405$210$106$63
49 years$1,290$718$380$194$97$57
50 years$1,250$686$358$179$88$51

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 $3,290 every year, while hoping to spend $23,826 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: 37/40/23 Blend
58$1,280,000$1,280,000$1,280,000$1,280,000
59$1,413,954$1,346,114$1,326,274$1,456,396
60$1,532,826$1,386,723$1,345,353$1,528,309
61$1,663,025$1,428,523$1,364,273$1,603,485
62$1,805,681$1,471,547$1,383,003$1,684,211
63$1,962,038$1,515,831$1,401,511$1,771,000
64$2,133,467$1,561,407$1,419,763$1,864,418
65$2,321,477$1,608,313$1,437,722$1,965,087
66$2,527,732$1,656,585$1,455,350$2,073,691
67$2,754,064$1,706,260$1,472,607$2,190,984
68$3,002,489$1,757,378$1,489,450$2,317,793
69$3,275,230$1,809,976$1,505,834$2,455,032
70$3,574,735$1,864,096$1,521,711$2,603,704
71$3,903,700$1,919,780$1,537,030$2,764,913
72$4,265,097$1,977,068$1,551,740$2,939,877
73$4,662,197$2,036,005$1,565,784$3,129,934
74$5,098,607$2,096,635$1,579,103$3,336,560
75$5,578,298$2,159,003$1,591,636$3,561,378
76$6,105,645$2,223,155$1,603,317$3,806,177
77$6,685,471$2,289,140$1,614,078$4,072,925
78$7,323,085$2,357,004$1,623,846$4,363,792
79$8,024,341$2,426,799$1,632,547$4,681,167
80$8,795,686$2,498,573$1,640,098$5,027,680
81$9,644,222$2,572,380$1,646,419$5,406,231
82$10,577,778$2,648,272$1,651,419$5,820,011
83$11,604,977$2,726,303$1,655,007$6,272,538
84$12,735,320$2,806,527$1,657,085$6,767,687
85$13,979,278$2,889,002$1,657,552$7,309,725
86$15,348,385$2,973,784$1,656,301$7,903,354
87$16,855,352$3,060,931$1,653,219$8,553,756
88$18,514,185$3,150,504$1,648,189$9,266,638
89$20,340,317$3,242,563$1,641,088$10,048,288
90$22,350,750$3,337,170$1,631,786$10,905,636
91$24,564,223$3,434,388$1,620,147$11,846,316
92$27,001,382$3,534,281$1,606,030$12,878,738
93$29,684,977$3,636,915$1,589,286$14,012,172
94$32,640,076$3,742,355$1,569,758$15,256,829
95$35,894,303$3,850,670$1,547,284$16,623,964
96$39,478,097$3,961,927$1,521,693$18,125,974
97$43,424,999$4,076,198$1,492,806$19,776,524
98$47,771,969$4,193,552$1,460,435$21,590,668
99$52,559,735$4,314,061$1,424,385$23,584,997
100$57,833,177$4,437,799$1,384,451$25,777,792