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%19.9%
1 years$108,179$107,215$106,275$105,357$104,461$100,317
2 years$53,554$52,556$51,590$50,653$49,743$45,619
3 years$35,348$34,346$33,382$32,454$31,559$27,585
4 years$26,247$25,248$24,294$23,381$22,508$18,715
5 years$20,787$19,795$18,853$17,959$17,110$13,507
6 years$17,149$16,164$15,236$14,362$13,539$10,128
7 years$14,551$13,574$12,661$11,808$11,011$7,791
8 years$12,604$11,636$10,738$9,905$9,135$6,103
9 years$11,090$10,131$9,248$8,437$7,693$4,844
10 years$9,880$8,930$8,063$7,273$6,554$3,884
11 years$8,890$7,950$7,098$6,329$5,637$3,138
12 years$8,066$7,135$6,300$5,552$4,885$2,550
13 years$7,369$6,448$5,628$4,901$4,260$2,083
14 years$6,772$5,861$5,057$4,351$3,734$1,708
15 years$6,255$5,354$4,566$3,880$3,288$1,404
16 years$5,804$4,913$4,140$3,474$2,906$1,158
17 years$5,406$4,524$3,767$3,122$2,576$956
18 years$5,052$4,181$3,439$2,813$2,291$791
19 years$4,736$3,875$3,148$2,542$2,042$656
20 years$4,452$3,600$2,889$2,302$1,824$544
21 years$4,196$3,354$2,657$2,089$1,632$452
22 years$3,963$3,131$2,449$1,900$1,463$375
23 years$3,750$2,928$2,261$1,730$1,313$312
24 years$3,556$2,743$2,091$1,578$1,180$260
25 years$3,377$2,574$1,937$1,441$1,062$216
26 years$3,213$2,420$1,797$1,318$957$180
27 years$3,061$2,277$1,668$1,206$863$150
28 years$2,920$2,146$1,551$1,105$778$125
29 years$2,789$2,024$1,443$1,013$703$104
30 years$2,667$1,912$1,344$930$635$87
31 years$2,553$1,807$1,253$854$574$72
32 years$2,446$1,710$1,169$785$519$60
33 years$2,346$1,619$1,092$722$470$50
34 years$2,252$1,535$1,020$664$426$42
35 years$2,164$1,456$954$611$385$35
36 years$2,081$1,382$892$563$349$29
37 years$2,002$1,312$835$519$317$24
38 years$1,928$1,247$782$478$287$20
39 years$1,858$1,186$733$441$260$17
40 years$1,791$1,128$687$407$236$14
41 years$1,728$1,074$644$375$214$12
42 years$1,668$1,023$604$346$194$10
43 years$1,611$975$567$320$176$8
44 years$1,556$929$532$295$160$7
45 years$1,505$886$500$273$145$6
46 years$1,455$845$469$252$132$5
47 years$1,408$806$441$233$120$4
48 years$1,363$770$414$215$109$3
49 years$1,320$735$389$199$99$3
50 years$1,279$702$366$184$90$2

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 $2,559 every year, while hoping to spend $40,946 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: 47/33/20 Blend
58$1,310,000$1,310,000$1,310,000$1,310,000
59$1,446,260$1,376,830$1,356,525$1,505,900
60$1,550,212$1,400,728$1,358,402$1,571,673
61$1,663,395$1,424,425$1,358,970$1,638,713
62$1,786,707$1,447,868$1,358,141$1,710,626
63$1,921,137$1,470,999$1,355,825$1,787,884
64$2,067,772$1,493,758$1,351,924$1,871,011
65$2,227,811$1,516,078$1,346,340$1,960,584
66$2,402,571$1,537,889$1,338,966$2,057,239
67$2,593,504$1,559,116$1,329,691$2,161,679
68$2,802,207$1,579,678$1,318,401$2,274,679
69$3,030,439$1,599,489$1,304,974$2,397,097
70$3,280,136$1,618,456$1,289,283$2,529,876
71$3,553,430$1,636,481$1,271,195$2,674,060
72$3,852,671$1,653,460$1,250,571$2,830,800
73$4,180,443$1,669,279$1,227,265$3,001,366
74$4,539,594$1,683,819$1,201,124$3,187,160
75$4,933,260$1,696,954$1,171,989$3,389,730
76$5,364,895$1,708,547$1,139,693$3,610,783
77$5,838,302$1,718,454$1,104,061$3,852,203
78$6,357,672$1,726,521$1,064,910$4,116,070
79$6,927,619$1,732,585$1,022,049$4,404,678
80$7,553,227$1,736,472$975,278$4,720,559
81$8,240,095$1,737,998$924,389$5,066,506
82$8,994,391$1,736,967$869,163$5,445,600
83$9,822,911$1,733,170$809,371$5,861,243
84$10,733,139$1,726,387$744,776$6,317,184
85$11,733,322$1,716,382$675,129$6,817,564
86$12,832,543$1,702,907$600,168$7,366,947
87$14,040,811$1,685,698$519,622$7,970,369
88$15,369,152$1,664,476$433,208$8,633,386
89$16,829,713$1,638,943$340,628$9,362,125
90$18,435,878$1,608,785$241,574$10,163,347
91$20,202,393$1,573,671$135,721$11,044,507
92$22,145,502$1,533,246$22,733$12,013,827
93$24,283,107$1,487,138$0$13,080,376
94$26,634,928$1,434,952$0$14,275,038
95$29,222,695$1,376,270$0$15,594,497
96$32,070,352$1,310,648$0$17,046,144
97$35,204,278$1,237,621$0$18,643,480
98$38,653,541$1,156,691$0$20,401,388
99$42,450,170$1,067,336$0$22,336,276
100$46,629,454$969,003$0$24,466,230