Can I retire at age 59 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$106,527$105,578$104,652$103,749$102,866$99,335
2 years$52,736$51,754$50,802$49,879$48,984$45,462
3 years$34,808$33,822$32,872$31,958$31,077$27,676
4 years$25,846$24,863$23,923$23,024$22,165$18,909
5 years$20,470$19,493$18,565$17,685$16,849$13,749
6 years$16,887$15,917$15,003$14,143$13,332$10,389
7 years$14,329$13,367$12,468$11,627$10,843$8,056
8 years$12,411$11,458$10,574$9,754$8,995$6,363
9 years$10,921$9,976$9,107$8,308$7,575$5,094
10 years$9,729$8,794$7,940$7,162$6,454$4,121
11 years$8,754$7,829$6,990$6,233$5,551$3,360
12 years$7,943$7,026$6,203$5,467$4,810$2,756
13 years$7,256$6,350$5,542$4,827$4,195$2,273
14 years$6,669$5,772$4,980$4,284$3,677$1,882
15 years$6,160$5,273$4,496$3,821$3,238$1,563
16 years$5,715$4,838$4,076$3,421$2,861$1,302
17 years$5,323$4,455$3,709$3,074$2,537$1,086
18 years$4,975$4,117$3,386$2,770$2,256$908
19 years$4,664$3,815$3,100$2,503$2,011$761
20 years$4,384$3,545$2,845$2,267$1,796$638
21 years$4,132$3,302$2,617$2,058$1,607$535
22 years$3,902$3,083$2,412$1,871$1,441$450
23 years$3,693$2,883$2,227$1,704$1,293$378
24 years$3,502$2,701$2,059$1,554$1,162$318
25 years$3,326$2,535$1,907$1,419$1,046$268
26 years$3,164$2,383$1,769$1,298$942$225
27 years$3,014$2,242$1,643$1,188$849$190
28 years$2,875$2,113$1,527$1,088$766$160
29 years$2,746$1,993$1,421$998$692$135
30 years$2,626$1,882$1,324$916$625$114
31 years$2,514$1,780$1,234$841$565$96
32 years$2,409$1,684$1,151$773$511$81
33 years$2,310$1,595$1,075$711$463$68
34 years$2,218$1,511$1,004$654$419$57
35 years$2,131$1,433$939$602$380$48
36 years$2,049$1,361$879$555$344$41
37 years$1,971$1,292$822$511$312$34
38 years$1,898$1,228$770$471$283$29
39 years$1,829$1,168$721$434$256$25
40 years$1,764$1,111$676$400$232$21
41 years$1,701$1,058$634$370$211$17
42 years$1,642$1,007$595$341$191$15
43 years$1,586$960$558$315$174$12
44 years$1,533$915$524$291$158$10
45 years$1,482$872$492$268$143$9
46 years$1,433$832$462$248$130$7
47 years$1,387$794$434$229$118$6
48 years$1,342$758$408$212$107$5
49 years$1,300$724$383$196$97$4
50 years$1,259$692$360$181$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,290,000, adding $6,796 every year, while hoping to spend $33,438 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: 63/13/24 Blend
58$1,290,000$1,290,000$1,290,000$1,290,000
59$1,428,590$1,360,220$1,340,225$1,509,184
60$1,538,728$1,391,293$1,349,545$1,595,548
61$1,658,980$1,422,768$1,358,056$1,685,526
62$1,790,342$1,454,629$1,365,697$1,783,056
63$1,933,910$1,486,859$1,372,400$1,888,881
64$2,090,892$1,519,438$1,378,099$2,003,821
65$2,262,617$1,552,345$1,382,720$2,128,776
66$2,450,550$1,585,556$1,386,187$2,264,742
67$2,656,302$1,619,044$1,388,420$2,412,814
68$2,881,648$1,652,780$1,389,335$2,574,200
69$3,128,543$1,686,734$1,388,845$2,750,231
70$3,399,140$1,720,869$1,386,857$2,942,374
71$3,695,810$1,755,149$1,383,274$3,152,247
72$4,021,163$1,789,532$1,377,994$3,381,630
73$4,378,077$1,823,975$1,370,912$3,632,489
74$4,769,718$1,858,427$1,361,916$3,906,989
75$5,199,577$1,892,838$1,350,888$4,207,516
76$5,671,498$1,927,150$1,337,706$4,536,701
77$6,189,713$1,961,303$1,322,241$4,897,444
78$6,758,887$1,995,230$1,304,360$5,292,939
79$7,384,159$2,028,862$1,283,921$5,726,711
80$8,071,188$2,062,121$1,260,777$6,202,642
81$8,826,210$2,094,926$1,234,774$6,725,011
82$9,656,095$2,127,189$1,205,751$7,298,537
83$10,568,411$2,158,815$1,173,538$7,928,419
84$11,571,496$2,189,704$1,137,958$8,620,388
85$12,674,536$2,219,748$1,098,828$9,380,761
86$13,887,654$2,248,830$1,055,953$10,216,503
87$15,221,999$2,276,827$1,009,132$11,135,287
88$16,689,858$2,303,607$958,153$12,145,574
89$18,304,768$2,329,028$902,796$13,256,688
90$20,081,644$2,352,941$842,830$14,478,905
91$22,036,920$2,375,183$778,013$15,823,555
92$24,188,703$2,395,584$708,093$17,303,121
93$26,556,945$2,413,961$632,808$18,931,367
94$29,163,628$2,430,120$551,882$20,723,459
95$32,032,976$2,443,854$465,028$22,696,115
96$35,191,679$2,454,942$371,946$24,867,761
97$38,669,147$2,463,151$272,323$27,258,706
98$42,497,786$2,468,232$165,832$29,891,334
99$46,713,305$2,469,920$52,132$32,790,314
100$51,355,050$2,467,934$0$35,982,838