Can I retire at age 59 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$108,179$107,215$106,275$105,357$104,461$100,635
2 years$53,554$52,556$51,590$50,653$49,743$45,931
3 years$35,348$34,346$33,382$32,454$31,559$27,881
4 years$26,247$25,248$24,294$23,381$22,508$18,992
5 years$20,787$19,795$18,853$17,959$17,110$13,765
6 years$17,149$16,164$15,236$14,362$13,539$10,367
7 years$14,551$13,574$12,661$11,808$11,011$8,011
8 years$12,604$11,636$10,738$9,905$9,135$6,305
9 years$11,090$10,131$9,248$8,437$7,693$5,029
10 years$9,880$8,930$8,063$7,273$6,554$4,053
11 years$8,890$7,950$7,098$6,329$5,637$3,292
12 years$8,066$7,135$6,300$5,552$4,885$2,690
13 years$7,369$6,448$5,628$4,901$4,260$2,209
14 years$6,772$5,861$5,057$4,351$3,734$1,821
15 years$6,255$5,354$4,566$3,880$3,288$1,506
16 years$5,804$4,913$4,140$3,474$2,906$1,249
17 years$5,406$4,524$3,767$3,122$2,576$1,038
18 years$5,052$4,181$3,439$2,813$2,291$864
19 years$4,736$3,875$3,148$2,542$2,042$720
20 years$4,452$3,600$2,889$2,302$1,824$601
21 years$4,196$3,354$2,657$2,089$1,632$502
22 years$3,963$3,131$2,449$1,900$1,463$420
23 years$3,750$2,928$2,261$1,730$1,313$351
24 years$3,556$2,743$2,091$1,578$1,180$294
25 years$3,377$2,574$1,937$1,441$1,062$246
26 years$3,213$2,420$1,797$1,318$957$206
27 years$3,061$2,277$1,668$1,206$863$173
28 years$2,920$2,146$1,551$1,105$778$145
29 years$2,789$2,024$1,443$1,013$703$122
30 years$2,667$1,912$1,344$930$635$102
31 years$2,553$1,807$1,253$854$574$86
32 years$2,446$1,710$1,169$785$519$72
33 years$2,346$1,619$1,092$722$470$60
34 years$2,252$1,535$1,020$664$426$51
35 years$2,164$1,456$954$611$385$42
36 years$2,081$1,382$892$563$349$36
37 years$2,002$1,312$835$519$317$30
38 years$1,928$1,247$782$478$287$25
39 years$1,858$1,186$733$441$260$21
40 years$1,791$1,128$687$407$236$18
41 years$1,728$1,074$644$375$214$15
42 years$1,668$1,023$604$346$194$12
43 years$1,611$975$567$320$176$10
44 years$1,556$929$532$295$160$9
45 years$1,505$886$500$273$145$7
46 years$1,455$845$469$252$132$6
47 years$1,408$806$441$233$120$5
48 years$1,363$770$414$215$109$4
49 years$1,320$735$389$199$99$4
50 years$1,279$702$366$184$90$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,310,000, adding $4,157 every year, while hoping to spend $32,906 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: 51/42/7 Blend
58$1,310,000$1,310,000$1,310,000$1,310,000
59$1,447,908$1,378,478$1,358,173$1,519,019
60$1,560,583$1,411,012$1,368,660$1,600,382
61$1,683,648$1,444,037$1,378,396$1,684,884
62$1,818,128$1,477,542$1,387,320$1,775,957
63$1,965,151$1,511,516$1,395,369$1,874,226
64$2,125,960$1,545,944$1,402,478$1,980,377
65$2,301,924$1,580,811$1,408,576$2,095,168
66$2,494,547$1,616,098$1,413,591$2,219,433
67$2,705,490$1,651,786$1,417,446$2,354,089
68$2,936,579$1,687,853$1,420,059$2,500,147
69$3,189,826$1,724,273$1,421,346$2,658,722
70$3,467,445$1,761,020$1,421,219$2,831,040
71$3,771,878$1,798,063$1,419,583$3,018,452
72$4,105,812$1,835,370$1,416,341$3,222,448
73$4,472,207$1,872,906$1,411,391$3,444,668
74$4,874,324$1,910,630$1,404,624$3,686,921
75$5,315,754$1,948,500$1,395,928$3,951,196
76$5,800,453$1,986,469$1,385,185$4,239,690
77$6,332,781$2,024,487$1,372,270$4,554,821
78$6,917,538$2,062,500$1,357,054$4,899,253
79$7,560,012$2,100,448$1,339,401$5,275,923
80$8,266,031$2,138,268$1,319,168$5,688,067
81$9,042,013$2,175,889$1,296,207$6,139,252
82$9,895,029$2,213,239$1,270,361$6,633,409
83$10,832,872$2,250,237$1,241,468$7,174,869
84$11,864,123$2,286,798$1,209,355$7,768,406
85$12,998,241$2,322,828$1,173,846$8,419,282
86$14,245,644$2,358,229$1,134,752$9,133,296
87$15,617,812$2,392,894$1,091,879$9,916,838
88$17,127,393$2,426,711$1,045,021$10,776,953
89$18,788,323$2,459,555$993,965$11,721,403
90$20,615,957$2,491,299$938,488$12,758,745
91$22,627,213$2,521,801$878,356$13,898,409
92$24,840,733$2,550,913$813,325$15,150,789
93$27,277,057$2,578,477$743,140$16,527,341
94$29,958,816$2,604,322$667,535$18,040,691
95$32,910,949$2,628,267$586,231$19,704,754
96$36,160,934$2,650,121$498,938$21,534,868
97$39,739,050$2,669,677$405,353$23,547,939
98$43,678,658$2,686,717$305,158$25,762,597
99$48,016,523$2,701,008$198,022$28,199,378
100$52,793,154$2,712,302$83,601$30,880,915