Can I retire at age 59 with 1,350,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$111,482$110,489$109,520$108,574$107,651$104,793
2 years$55,189$54,161$53,165$52,199$51,262$48,403
3 years$36,427$35,395$34,401$33,445$32,523$29,752
4 years$27,048$26,019$25,035$24,095$23,196$20,534
5 years$21,422$20,399$19,428$18,507$17,633$15,088
6 years$17,673$16,657$15,701$14,800$13,952$11,527
7 years$14,996$13,989$13,048$12,168$11,347$9,041
8 years$12,989$11,991$11,065$10,208$9,413$7,225
9 years$11,429$10,440$9,531$8,695$7,927$5,855
10 years$10,181$9,203$8,309$7,495$6,755$4,796
11 years$9,161$8,193$7,315$6,523$5,809$3,961
12 years$8,312$7,353$6,492$5,721$5,034$3,293
13 years$7,594$6,645$5,800$5,051$4,390$2,753
14 years$6,979$6,040$5,211$4,484$3,848$2,311
15 years$6,446$5,518$4,705$3,999$3,388$1,947
16 years$5,981$5,063$4,266$3,580$2,994$1,645
17 years$5,571$4,662$3,882$3,217$2,655$1,393
18 years$5,206$4,308$3,544$2,899$2,361$1,182
19 years$4,881$3,993$3,244$2,620$2,104$1,005
20 years$4,588$3,710$2,977$2,373$1,880$856
21 years$4,324$3,456$2,738$2,153$1,682$729
22 years$4,084$3,226$2,524$1,958$1,508$622
23 years$3,865$3,017$2,330$1,783$1,353$531
24 years$3,665$2,827$2,155$1,626$1,216$454
25 years$3,481$2,653$1,996$1,485$1,095$388
26 years$3,311$2,493$1,851$1,358$986$332
27 years$3,154$2,347$1,719$1,243$889$285
28 years$3,009$2,211$1,598$1,139$802$244
29 years$2,874$2,086$1,487$1,044$724$209
30 years$2,748$1,970$1,385$958$654$179
31 years$2,631$1,862$1,291$880$592$153
32 years$2,521$1,762$1,205$809$535$131
33 years$2,418$1,669$1,125$744$484$113
34 years$2,321$1,582$1,051$684$439$97
35 years$2,230$1,500$983$630$397$83
36 years$2,144$1,424$919$580$360$71
37 years$2,063$1,352$861$535$326$61
38 years$1,987$1,285$806$493$296$52
39 years$1,914$1,222$755$454$268$45
40 years$1,846$1,163$708$419$243$39
41 years$1,781$1,107$664$387$221$33
42 years$1,719$1,054$622$357$200$28
43 years$1,660$1,004$584$329$182$24
44 years$1,604$957$548$304$165$21
45 years$1,551$913$515$281$150$18
46 years$1,500$871$484$259$136$15
47 years$1,451$831$454$240$123$13
48 years$1,405$793$427$222$112$11
49 years$1,361$758$401$205$102$10
50 years$1,318$724$377$189$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,350,000, adding $6,957 every year, while hoping to spend $30,903 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: 43/31/26 Blend
58$1,350,000$1,350,000$1,350,000$1,350,000
59$1,494,876$1,423,326$1,402,401$1,547,566
60$1,614,473$1,460,189$1,416,501$1,622,729
61$1,745,233$1,497,822$1,430,038$1,700,636
62$1,888,262$1,536,230$1,442,959$1,784,447
63$2,044,778$1,575,419$1,455,212$1,874,724
64$2,216,122$1,615,391$1,466,738$1,972,090
65$2,403,771$1,656,149$1,477,478$2,077,229
66$2,609,350$1,697,695$1,487,368$2,190,894
67$2,834,650$1,740,029$1,496,341$2,313,918
68$3,081,645$1,783,151$1,504,329$2,447,215
69$3,352,505$1,827,058$1,511,257$2,591,794
70$3,649,625$1,871,747$1,517,047$2,748,768
71$3,975,637$1,917,214$1,521,620$2,919,363
72$4,333,447$1,963,452$1,524,888$3,104,927
73$4,726,250$2,010,452$1,526,764$3,306,951
74$5,157,569$2,058,206$1,527,152$3,527,074
75$5,631,284$2,106,701$1,525,954$3,767,105
76$6,151,668$2,155,923$1,523,067$4,029,037
77$6,723,430$2,205,855$1,518,382$4,315,066
78$7,351,758$2,256,479$1,511,785$4,627,614
79$8,042,364$2,307,774$1,503,157$4,969,350
80$8,801,546$2,359,715$1,492,373$5,343,215
81$9,636,238$2,412,276$1,479,302$5,752,452
82$10,554,082$2,465,425$1,463,806$6,200,636
83$11,563,497$2,519,129$1,445,743$6,691,707
84$12,673,758$2,573,352$1,424,960$7,230,006
85$13,895,086$2,628,051$1,401,301$7,820,323
86$15,238,741$2,683,181$1,374,600$8,467,932
87$16,717,128$2,738,693$1,344,685$9,178,651
88$18,343,918$2,794,532$1,311,375$9,958,892
89$20,134,173$2,850,638$1,274,481$10,815,721
90$22,104,487$2,906,948$1,233,805$11,756,928
91$24,273,147$2,963,392$1,189,140$12,791,100
92$26,660,302$3,019,891$1,140,270$13,927,702
93$29,288,152$3,076,366$1,086,968$15,177,166
94$32,181,161$3,132,725$1,028,999$16,550,993
95$35,366,284$3,188,872$966,114$18,061,858
96$38,873,222$3,244,704$898,056$19,723,732
97$42,734,705$3,300,109$824,555$21,552,015
98$46,986,796$3,354,965$745,329$23,563,682
99$51,669,234$3,409,144$660,083$25,777,442
100$56,825,810$3,462,506$568,510$28,213,918