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%14.8%
1 years$109,830$108,852$107,897$106,966$106,056$103,957
2 years$54,371$53,359$52,377$51,426$50,503$48,397
3 years$35,888$34,871$33,892$32,949$32,041$29,994
4 years$26,647$25,634$24,664$23,738$22,852$20,880
5 years$21,105$20,097$19,141$18,233$17,372$15,480
6 years$17,411$16,411$15,468$14,581$13,746$11,936
7 years$14,773$13,782$12,854$11,988$11,179$9,452
8 years$12,796$11,813$10,902$10,056$9,274$7,629
9 years$11,259$10,286$9,389$8,566$7,810$6,246
10 years$10,030$9,066$8,186$7,384$6,655$5,170
11 years$9,026$8,071$7,207$6,426$5,723$4,317
12 years$8,189$7,244$6,396$5,637$4,960$3,629
13 years$7,481$6,547$5,714$4,976$4,325$3,068
14 years$6,876$5,951$5,134$4,417$3,791$2,605
15 years$6,351$5,436$4,636$3,939$3,338$2,221
16 years$5,892$4,988$4,203$3,527$2,950$1,899
17 years$5,488$4,593$3,824$3,169$2,616$1,629
18 years$5,129$4,244$3,491$2,856$2,326$1,399
19 years$4,809$3,934$3,196$2,581$2,073$1,205
20 years$4,520$3,655$2,933$2,337$1,852$1,039
21 years$4,260$3,405$2,698$2,121$1,657$897
22 years$4,023$3,178$2,487$1,929$1,485$776
23 years$3,808$2,973$2,296$1,757$1,333$671
24 years$3,610$2,785$2,123$1,602$1,198$582
25 years$3,429$2,614$1,967$1,463$1,078$504
26 years$3,262$2,457$1,824$1,338$971$437
27 years$3,107$2,312$1,694$1,225$876$380
28 years$2,964$2,178$1,574$1,122$790$330
29 years$2,831$2,055$1,465$1,029$714$286
30 years$2,707$1,941$1,365$944$645$249
31 years$2,592$1,835$1,272$867$583$216
32 years$2,483$1,736$1,187$797$527$188
33 years$2,382$1,644$1,108$733$477$164
34 years$2,287$1,558$1,036$674$432$142
35 years$2,197$1,478$968$621$391$124
36 years$2,112$1,403$906$572$355$108
37 years$2,033$1,332$848$527$321$94
38 years$1,957$1,266$794$486$291$82
39 years$1,886$1,204$744$448$264$71
40 years$1,818$1,146$697$413$240$62
41 years$1,754$1,090$654$381$217$54
42 years$1,693$1,038$613$352$197$47
43 years$1,635$989$575$325$179$41
44 years$1,580$943$540$300$163$36
45 years$1,528$899$507$277$148$31
46 years$1,478$858$476$256$134$27
47 years$1,430$819$448$236$122$23
48 years$1,384$782$421$218$110$20
49 years$1,340$746$395$202$100$18
50 years$1,299$713$372$186$91$16

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 $3,123 every year, while hoping to spend $43,095 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: 56/38/6 Blend
58$1,330,000$1,330,000$1,330,000$1,330,000
59$1,468,881$1,398,391$1,377,776$1,549,088
60$1,572,855$1,421,060$1,378,079$1,626,123
61$1,685,989$1,443,395$1,376,948$1,704,885
62$1,809,172$1,465,334$1,374,288$1,789,601
63$1,943,384$1,486,812$1,370,003$1,880,841
64$2,089,701$1,507,756$1,363,990$1,979,235
65$2,249,306$1,528,092$1,356,139$2,085,477
66$2,423,504$1,547,738$1,346,339$2,200,333
67$2,613,731$1,566,607$1,334,471$2,324,647
68$2,821,567$1,584,606$1,320,411$2,459,348
69$3,048,751$1,601,635$1,304,028$2,605,464
70$3,297,197$1,617,590$1,285,188$2,764,126
71$3,569,017$1,632,356$1,263,746$2,936,581
72$3,866,529$1,645,815$1,239,555$3,124,205
73$4,192,293$1,657,838$1,212,458$3,328,515
74$4,549,123$1,668,288$1,182,291$3,551,185
75$4,940,120$1,677,020$1,148,884$3,794,060
76$5,368,699$1,683,881$1,112,058$4,059,174
77$5,838,620$1,688,705$1,071,626$4,348,773
78$6,354,026$1,691,319$1,027,393$4,665,329
79$6,919,480$1,691,536$979,153$5,011,573
80$7,540,006$1,689,160$926,694$5,390,515
81$8,221,140$1,683,983$869,792$5,805,473
82$8,968,979$1,675,781$808,213$6,260,107
83$9,790,241$1,664,319$741,713$6,758,453
84$10,692,323$1,649,349$670,039$7,304,964
85$11,683,377$1,630,604$592,922$7,904,545
86$12,772,383$1,607,805$510,086$8,562,612
87$13,969,232$1,580,654$421,241$9,285,130
88$15,284,823$1,548,835$326,081$10,078,683
89$16,731,162$1,512,015$224,292$10,950,526
90$18,321,478$1,469,841$115,543$11,908,663
91$20,070,343$1,421,938$0$12,961,915
92$21,993,815$1,367,909$0$14,120,046
93$24,109,584$1,307,337$0$15,401,646
94$26,437,142$1,239,778$0$16,811,161
95$28,997,966$1,164,761$0$18,361,659
96$31,815,716$1,081,793$0$20,067,544
97$34,916,466$990,348$0$21,944,696
98$38,328,943$889,871$0$24,010,623
99$42,084,798$779,778$0$26,284,625
100$46,218,909$659,449$0$28,787,978