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%13.1%
1 years$107,353$106,397$105,464$104,553$103,664$102,326
2 years$53,145$52,155$51,196$50,266$49,364$48,018
3 years$35,078$34,084$33,127$32,206$31,318$30,006
4 years$26,046$25,055$24,108$23,202$22,337$21,068
5 years$20,629$19,644$18,709$17,822$16,980$15,759
6 years$17,018$16,041$15,120$14,252$13,436$12,264
7 years$14,440$13,471$12,564$11,718$10,927$9,804
8 years$12,508$11,547$10,656$9,830$9,065$7,992
9 years$11,005$10,054$9,178$8,373$7,634$6,610
10 years$9,804$8,862$8,001$7,217$6,504$5,528
11 years$8,822$7,889$7,044$6,281$5,594$4,665
12 years$8,004$7,081$6,252$5,509$4,848$3,965
13 years$7,313$6,399$5,585$4,864$4,227$3,390
14 years$6,720$5,817$5,018$4,318$3,706$2,912
15 years$6,208$5,314$4,531$3,851$3,263$2,511
16 years$5,759$4,875$4,108$3,448$2,884$2,173
17 years$5,364$4,490$3,738$3,098$2,557$1,886
18 years$5,014$4,149$3,412$2,792$2,273$1,641
19 years$4,700$3,845$3,124$2,523$2,026$1,431
20 years$4,418$3,573$2,867$2,285$1,810$1,249
21 years$4,164$3,328$2,637$2,074$1,620$1,093
22 years$3,932$3,107$2,430$1,885$1,452$957
23 years$3,722$2,906$2,244$1,717$1,303$839
24 years$3,529$2,722$2,075$1,566$1,171$737
25 years$3,352$2,555$1,922$1,430$1,054$647
26 years$3,188$2,401$1,783$1,308$949$569
27 years$3,037$2,260$1,655$1,197$856$501
28 years$2,897$2,129$1,539$1,097$772$441
29 years$2,767$2,009$1,432$1,006$697$388
30 years$2,646$1,897$1,334$923$630$342
31 years$2,533$1,793$1,244$848$570$302
32 years$2,427$1,697$1,160$779$515$266
33 years$2,328$1,607$1,083$716$466$235
34 years$2,235$1,523$1,012$659$422$207
35 years$2,147$1,445$946$607$382$183
36 years$2,065$1,371$885$559$347$161
37 years$1,987$1,302$829$515$314$142
38 years$1,913$1,238$776$475$285$126
39 years$1,843$1,177$727$438$258$111
40 years$1,777$1,120$681$404$234$98
41 years$1,715$1,066$639$372$212$87
42 years$1,655$1,015$599$344$193$77
43 years$1,598$967$562$317$175$68
44 years$1,545$922$528$293$159$60
45 years$1,493$879$496$271$144$53
46 years$1,444$839$466$250$131$47
47 years$1,398$800$437$231$119$41
48 years$1,353$764$411$213$108$36
49 years$1,310$730$386$197$98$32
50 years$1,269$697$363$182$89$29

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 $4,597 every year, while hoping to spend $21,983 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: 58/34/8 Blend
58$1,300,000$1,300,000$1,300,000$1,300,000
59$1,437,342$1,368,442$1,348,292$1,517,864
60$1,560,561$1,412,106$1,370,070$1,616,203
61$1,695,612$1,457,172$1,391,841$1,720,454
62$1,843,678$1,503,687$1,413,581$1,833,538
63$2,006,062$1,551,698$1,435,265$1,956,306
64$2,184,201$1,601,252$1,456,868$2,089,689
65$2,379,677$1,652,400$1,478,360$2,234,714
66$2,594,230$1,705,194$1,499,711$2,392,511
67$2,829,781$1,759,688$1,520,891$2,564,321
68$3,088,442$1,815,936$1,541,864$2,751,515
69$3,372,543$1,873,996$1,562,596$2,955,597
70$3,684,647$1,933,927$1,583,048$3,178,224
71$4,027,582$1,995,790$1,603,181$3,421,222
72$4,404,460$2,059,648$1,622,952$3,686,598
73$4,818,710$2,125,567$1,642,316$3,976,566
74$5,274,111$2,193,612$1,661,226$4,293,559
75$5,774,826$2,263,854$1,679,633$4,640,260
76$6,325,440$2,336,365$1,697,483$5,019,620
77$6,931,007$2,411,219$1,714,720$5,434,892
78$7,597,094$2,488,493$1,731,287$5,889,656
79$8,329,833$2,568,265$1,747,121$6,387,856
80$9,135,984$2,650,618$1,762,158$6,933,834
81$10,022,993$2,735,636$1,776,328$7,532,376
82$10,999,063$2,823,407$1,789,560$8,188,751
83$12,073,234$2,914,021$1,801,777$8,908,761
84$13,255,468$3,007,572$1,812,900$9,698,801
85$14,556,738$3,104,155$1,822,845$10,565,912
86$15,989,138$3,203,872$1,831,523$11,517,853
87$17,565,993$3,306,824$1,838,842$12,563,169
88$19,301,984$3,413,119$1,844,703$13,711,275
89$21,213,291$3,522,866$1,849,005$14,972,542
90$23,317,740$3,636,180$1,851,640$16,358,396
91$25,634,975$3,753,178$1,852,496$17,881,426
92$28,186,641$3,873,982$1,851,453$19,555,499
93$30,996,589$3,998,718$1,848,387$21,395,897
94$34,091,101$4,127,515$1,843,168$23,419,452
95$37,499,139$4,260,509$1,835,660$25,644,712
96$41,252,615$4,397,838$1,825,718$28,092,112
97$45,386,696$4,539,646$1,813,194$30,784,170
98$49,940,131$4,686,081$1,797,928$33,745,691
99$54,955,623$4,837,297$1,779,757$37,004,011
100$60,480,225$4,993,453$1,758,507$40,589,247