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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$111,482$110,489$109,520$108,574$107,651$104,921
2 years$55,189$54,161$53,165$52,199$51,262$48,529
3 years$36,427$35,395$34,401$33,445$32,523$29,873
4 years$27,048$26,019$25,035$24,095$23,196$20,649
5 years$21,422$20,399$19,428$18,507$17,633$15,196
6 years$17,673$16,657$15,701$14,800$13,952$11,628
7 years$14,996$13,989$13,048$12,168$11,347$9,136
8 years$12,989$11,991$11,065$10,208$9,413$7,314
9 years$11,429$10,440$9,531$8,695$7,927$5,938
10 years$10,181$9,203$8,309$7,495$6,755$4,873
11 years$9,161$8,193$7,315$6,523$5,809$4,032
12 years$8,312$7,353$6,492$5,721$5,034$3,359
13 years$7,594$6,645$5,800$5,051$4,390$2,813
14 years$6,979$6,040$5,211$4,484$3,848$2,366
15 years$6,446$5,518$4,705$3,999$3,388$1,998
16 years$5,981$5,063$4,266$3,580$2,994$1,692
17 years$5,571$4,662$3,882$3,217$2,655$1,436
18 years$5,206$4,308$3,544$2,899$2,361$1,221
19 years$4,881$3,993$3,244$2,620$2,104$1,041
20 years$4,588$3,710$2,977$2,373$1,880$888
21 years$4,324$3,456$2,738$2,153$1,682$759
22 years$4,084$3,226$2,524$1,958$1,508$649
23 years$3,865$3,017$2,330$1,783$1,353$555
24 years$3,665$2,827$2,155$1,626$1,216$476
25 years$3,481$2,653$1,996$1,485$1,095$408
26 years$3,311$2,493$1,851$1,358$986$350
27 years$3,154$2,347$1,719$1,243$889$300
28 years$3,009$2,211$1,598$1,139$802$258
29 years$2,874$2,086$1,487$1,044$724$221
30 years$2,748$1,970$1,385$958$654$190
31 years$2,631$1,862$1,291$880$592$163
32 years$2,521$1,762$1,205$809$535$140
33 years$2,418$1,669$1,125$744$484$121
34 years$2,321$1,582$1,051$684$439$104
35 years$2,230$1,500$983$630$397$89
36 years$2,144$1,424$919$580$360$77
37 years$2,063$1,352$861$535$326$66
38 years$1,987$1,285$806$493$296$57
39 years$1,914$1,222$755$454$268$49
40 years$1,846$1,163$708$419$243$42
41 years$1,781$1,107$664$387$221$36
42 years$1,719$1,054$622$357$200$31
43 years$1,660$1,004$584$329$182$27
44 years$1,604$957$548$304$165$23
45 years$1,551$913$515$281$150$20
46 years$1,500$871$484$259$136$17
47 years$1,451$831$454$240$123$15
48 years$1,405$793$427$222$112$13
49 years$1,361$758$401$205$102$11
50 years$1,318$724$377$189$92$9

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 $4,001 every year, while hoping to spend $43,171 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: 86/5/9 Blend
58$1,350,000$1,350,000$1,350,000$1,350,000
59$1,491,827$1,420,277$1,399,352$1,618,104
60$1,598,060$1,443,937$1,400,297$1,724,777
61$1,713,681$1,467,309$1,399,826$1,835,670
62$1,839,604$1,490,335$1,397,847$1,956,172
63$1,976,831$1,512,948$1,394,263$2,087,221
64$2,126,467$1,535,082$1,388,970$2,229,851
65$2,289,728$1,556,663$1,381,862$2,385,201
66$2,467,953$1,577,611$1,372,826$2,554,523
67$2,662,613$1,597,843$1,361,745$2,739,199
68$2,875,330$1,617,269$1,348,495$2,940,750
69$3,107,891$1,635,792$1,332,946$3,160,850
70$3,362,260$1,653,310$1,314,964$3,401,345
71$3,640,602$1,669,713$1,294,406$3,664,267
72$3,945,299$1,684,885$1,271,125$3,951,855
73$4,278,976$1,698,701$1,244,964$4,266,575
74$4,644,523$1,711,029$1,215,762$4,611,143
75$5,045,122$1,721,727$1,183,348$4,988,553
76$5,484,278$1,730,645$1,147,543$5,402,102
77$5,965,852$1,737,624$1,108,163$5,855,423
78$6,494,094$1,742,493$1,065,012$6,352,519
79$7,073,689$1,745,072$1,017,887$6,897,800
80$7,709,794$1,745,170$966,575$7,496,125
81$8,408,091$1,742,581$910,854$8,152,847
82$9,174,840$1,737,091$850,490$8,873,866
83$10,016,934$1,728,469$785,242$9,665,681
84$10,941,969$1,716,471$714,856$10,535,454
85$11,958,311$1,700,840$639,065$11,491,077
86$13,075,179$1,681,301$557,594$12,541,244
87$14,302,727$1,657,564$470,153$13,695,539
88$15,652,141$1,629,322$376,439$14,964,520
89$17,135,748$1,596,247$276,138$16,359,821
90$18,767,126$1,557,995$168,921$17,894,263
91$20,561,236$1,514,199$54,443$19,581,973
92$22,534,561$1,464,474$0$21,438,520
93$24,705,261$1,408,408$0$23,487,563
94$27,093,347$1,345,569$0$25,747,504
95$29,720,863$1,275,497$0$28,233,980
96$32,612,103$1,197,708$0$30,969,986
97$35,793,829$1,111,688$0$33,980,861
98$39,295,534$1,016,894$0$37,294,525
99$43,149,710$912,754$0$40,941,743
100$47,392,163$798,661$0$44,956,417