Can I retire at age 59 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$109,830$108,852$107,897$106,966$106,056$104,818
2 years$54,371$53,359$52,377$51,426$50,503$49,256
3 years$35,888$34,871$33,892$32,949$32,041$30,825
4 years$26,647$25,634$24,664$23,738$22,852$21,676
5 years$21,105$20,097$19,141$18,233$17,372$16,239
6 years$17,411$16,411$15,468$14,581$13,746$12,658
7 years$14,773$13,782$12,854$11,988$11,179$10,136
8 years$12,796$11,813$10,902$10,056$9,274$8,277
9 years$11,259$10,286$9,389$8,566$7,810$6,857
10 years$10,030$9,066$8,186$7,384$6,655$5,746
11 years$9,026$8,071$7,207$6,426$5,723$4,858
12 years$8,189$7,244$6,396$5,637$4,960$4,137
13 years$7,481$6,547$5,714$4,976$4,325$3,543
14 years$6,876$5,951$5,134$4,417$3,791$3,050
15 years$6,351$5,436$4,636$3,939$3,338$2,636
16 years$5,892$4,988$4,203$3,527$2,950$2,286
17 years$5,488$4,593$3,824$3,169$2,616$1,988
18 years$5,129$4,244$3,491$2,856$2,326$1,733
19 years$4,809$3,934$3,196$2,581$2,073$1,514
20 years$4,520$3,655$2,933$2,337$1,852$1,325
21 years$4,260$3,405$2,698$2,121$1,657$1,162
22 years$4,023$3,178$2,487$1,929$1,485$1,020
23 years$3,808$2,973$2,296$1,757$1,333$897
24 years$3,610$2,785$2,123$1,602$1,198$789
25 years$3,429$2,614$1,967$1,463$1,078$695
26 years$3,262$2,457$1,824$1,338$971$612
27 years$3,107$2,312$1,694$1,225$876$540
28 years$2,964$2,178$1,574$1,122$790$477
29 years$2,831$2,055$1,465$1,029$714$421
30 years$2,707$1,941$1,365$944$645$372
31 years$2,592$1,835$1,272$867$583$329
32 years$2,483$1,736$1,187$797$527$290
33 years$2,382$1,644$1,108$733$477$257
34 years$2,287$1,558$1,036$674$432$227
35 years$2,197$1,478$968$621$391$201
36 years$2,112$1,403$906$572$355$178
37 years$2,033$1,332$848$527$321$157
38 years$1,957$1,266$794$486$291$139
39 years$1,886$1,204$744$448$264$123
40 years$1,818$1,146$697$413$240$109
41 years$1,754$1,090$654$381$217$97
42 years$1,693$1,038$613$352$197$86
43 years$1,635$989$575$325$179$76
44 years$1,580$943$540$300$163$67
45 years$1,528$899$507$277$148$60
46 years$1,478$858$476$256$134$53
47 years$1,430$819$448$236$122$47
48 years$1,384$782$421$218$110$42
49 years$1,340$746$395$202$100$37
50 years$1,299$713$372$186$91$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,330,000, adding $4,790 every year, while hoping to spend $59,312 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: 38/40/22 Blend
58$1,330,000$1,330,000$1,330,000$1,330,000
59$1,470,601$1,400,111$1,379,496$1,516,647
60$1,557,495$1,405,609$1,362,601$1,555,973
61$1,651,264$1,409,388$1,343,153$1,592,534
62$1,752,547$1,411,302$1,321,003$1,630,849
63$1,862,045$1,411,195$1,295,996$1,671,111
64$1,980,531$1,408,901$1,267,969$1,713,536
65$2,108,852$1,404,244$1,236,753$1,758,368
66$2,247,941$1,397,037$1,202,169$1,805,878
67$2,398,822$1,387,083$1,164,033$1,856,371
68$2,562,623$1,374,172$1,122,149$1,910,186
69$2,740,584$1,358,080$1,076,315$1,967,702
70$2,934,069$1,338,571$1,026,317$2,029,345
71$3,144,579$1,315,396$971,933$2,095,587
72$3,373,765$1,288,289$912,932$2,166,955
73$3,623,443$1,256,970$849,069$2,244,038
74$3,895,614$1,221,141$780,093$2,327,491
75$4,192,477$1,180,487$705,737$2,418,043
76$4,516,455$1,134,676$625,724$2,516,505
77$4,870,214$1,083,356$539,766$2,623,781
78$5,256,688$1,026,153$447,561$2,740,875
79$5,679,109$962,672$348,792$2,868,903
80$6,141,032$892,498$243,131$3,009,105
81$6,646,376$815,189$130,235$3,162,857
82$7,199,452$730,278$9,743$3,331,689
83$7,805,009$637,275$0$3,517,298
84$8,468,275$535,657$0$3,749,464
85$9,195,011$424,875$0$4,006,631
86$9,991,557$304,349$0$4,288,922
87$10,864,898$173,464$0$4,599,004
88$11,822,727$31,574$0$4,939,825
89$12,873,518$0$0$5,314,646
90$14,026,603$0$0$5,780,774
91$15,292,262$0$0$6,307,851
92$16,681,819$0$0$6,886,720
93$18,207,747$0$0$7,522,601
94$19,883,789$0$0$8,221,245
95$21,725,081$0$0$8,988,987
96$23,748,298$0$0$9,832,809
97$25,971,813$0$0$10,760,399
98$28,415,863$0$0$11,780,229
99$31,102,747$0$0$12,901,634
100$34,057,029$0$0$14,134,896