Can I retire at age 59 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$107,353$106,397$105,464$104,553$103,664$102,073
2 years$53,145$52,155$51,196$50,266$49,364$47,764
3 years$35,078$34,084$33,127$32,206$31,318$29,761
4 years$26,046$25,055$24,108$23,202$22,337$20,833
5 years$20,629$19,644$18,709$17,822$16,980$15,534
6 years$17,018$16,041$15,120$14,252$13,436$12,049
7 years$14,440$13,471$12,564$11,718$10,927$9,601
8 years$12,508$11,547$10,656$9,830$9,065$7,799
9 years$11,005$10,054$9,178$8,373$7,634$6,427
10 years$9,804$8,862$8,001$7,217$6,504$5,356
11 years$8,822$7,889$7,044$6,281$5,594$4,503
12 years$8,004$7,081$6,252$5,509$4,848$3,812
13 years$7,313$6,399$5,585$4,864$4,227$3,246
14 years$6,720$5,817$5,018$4,318$3,706$2,778
15 years$6,208$5,314$4,531$3,851$3,263$2,386
16 years$5,759$4,875$4,108$3,448$2,884$2,056
17 years$5,364$4,490$3,738$3,098$2,557$1,777
18 years$5,014$4,149$3,412$2,792$2,273$1,539
19 years$4,700$3,845$3,124$2,523$2,026$1,336
20 years$4,418$3,573$2,867$2,285$1,810$1,162
21 years$4,164$3,328$2,637$2,074$1,620$1,012
22 years$3,932$3,107$2,430$1,885$1,452$882
23 years$3,722$2,906$2,244$1,717$1,303$770
24 years$3,529$2,722$2,075$1,566$1,171$673
25 years$3,352$2,555$1,922$1,430$1,054$588
26 years$3,188$2,401$1,783$1,308$949$515
27 years$3,037$2,260$1,655$1,197$856$451
28 years$2,897$2,129$1,539$1,097$772$395
29 years$2,767$2,009$1,432$1,006$697$346
30 years$2,646$1,897$1,334$923$630$303
31 years$2,533$1,793$1,244$848$570$266
32 years$2,427$1,697$1,160$779$515$234
33 years$2,328$1,607$1,083$716$466$205
34 years$2,235$1,523$1,012$659$422$180
35 years$2,147$1,445$946$607$382$158
36 years$2,065$1,371$885$559$347$139
37 years$1,987$1,302$829$515$314$122
38 years$1,913$1,238$776$475$285$107
39 years$1,843$1,177$727$438$258$94
40 years$1,777$1,120$681$404$234$83
41 years$1,715$1,066$639$372$212$73
42 years$1,655$1,015$599$344$193$64
43 years$1,598$967$562$317$175$56
44 years$1,545$922$528$293$159$49
45 years$1,493$879$496$271$144$43
46 years$1,444$839$466$250$131$38
47 years$1,398$800$437$231$119$34
48 years$1,353$764$411$213$108$30
49 years$1,310$730$386$197$98$26
50 years$1,269$697$363$182$89$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,300,000, adding $6,542 every year, while hoping to spend $21,722 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: 83/8/9 Blend
58$1,300,000$1,300,000$1,300,000$1,300,000
59$1,439,348$1,370,448$1,350,298$1,556,502
60$1,563,050$1,414,488$1,372,421$1,678,135
61$1,698,641$1,459,958$1,394,557$1,808,097
62$1,847,311$1,506,905$1,416,684$1,950,146
63$2,010,371$1,555,377$1,438,777$2,105,484
64$2,189,264$1,605,426$1,460,811$2,275,434
65$2,385,580$1,657,103$1,482,760$2,461,450
66$2,601,070$1,710,462$1,504,593$2,665,137
67$2,837,664$1,765,559$1,526,281$2,888,260
68$3,097,485$1,822,451$1,547,791$3,132,766
69$3,382,875$1,881,198$1,569,088$3,400,798
70$3,696,412$1,941,860$1,590,137$3,694,714
71$4,040,937$2,004,503$1,610,898$4,017,117
72$4,419,580$2,069,191$1,631,330$4,370,869
73$4,835,788$2,135,992$1,651,391$4,759,127
74$5,293,360$2,204,977$1,671,034$5,185,365
75$5,796,480$2,276,218$1,690,211$5,653,415
76$6,349,760$2,349,791$1,708,871$6,167,493
77$6,958,277$2,425,774$1,726,961$6,732,249
78$7,627,631$2,504,245$1,744,423$7,352,802
79$8,363,986$2,585,290$1,761,198$8,034,795
80$9,174,137$2,668,994$1,777,222$8,784,442
81$10,065,569$2,755,445$1,792,430$9,608,594
82$11,046,531$2,844,736$1,806,750$10,514,794
83$12,126,111$2,936,962$1,820,110$11,511,357
84$13,314,323$3,032,221$1,832,432$12,607,443
85$14,622,199$3,130,615$1,843,634$13,813,144
86$16,061,899$3,232,250$1,853,631$15,139,583
87$17,646,816$3,337,235$1,862,332$16,599,013
88$19,391,714$3,445,682$1,869,642$18,204,936
89$21,312,856$3,557,707$1,875,462$19,972,229
90$23,428,165$3,673,432$1,879,688$21,917,286
91$25,757,389$3,792,982$1,882,209$24,058,171
92$28,322,290$3,916,486$1,882,910$26,414,788
93$31,146,847$4,044,077$1,881,671$29,009,069
94$34,257,483$4,175,894$1,878,365$31,865,183
95$37,683,314$4,312,081$1,872,858$35,009,762
96$41,456,424$4,452,785$1,865,010$38,472,150
97$45,612,168$4,598,160$1,854,677$42,284,685
98$50,189,504$4,748,365$1,841,703$46,483,000
99$55,231,363$4,903,564$1,825,929$51,106,360
100$60,785,051$5,063,927$1,807,187$56,198,034