Can I retire at age 59 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$112,308$111,307$110,331$109,379$108,448$107,316
2 years$55,598$54,562$53,559$52,586$51,642$50,502
3 years$36,697$35,657$34,656$33,692$32,764$31,651
4 years$27,248$26,212$25,221$24,273$23,367$22,290
5 years$21,581$20,550$19,572$18,644$17,764$16,726
6 years$17,804$16,781$15,817$14,910$14,056$13,058
7 years$15,107$14,093$13,144$12,258$11,431$10,474
8 years$13,085$12,080$11,147$10,283$9,483$8,567
9 years$11,513$10,518$9,601$8,759$7,986$7,111
10 years$10,257$9,271$8,371$7,550$6,805$5,969
11 years$9,229$8,253$7,369$6,571$5,852$5,056
12 years$8,374$7,408$6,540$5,764$5,071$4,313
13 years$7,650$6,694$5,843$5,088$4,422$3,702
14 years$7,031$6,085$5,250$4,517$3,877$3,193
15 years$6,494$5,559$4,740$4,028$3,413$2,765
16 years$6,025$5,100$4,298$3,607$3,017$2,403
17 years$5,612$4,697$3,911$3,241$2,675$2,094
18 years$5,245$4,340$3,570$2,921$2,378$1,830
19 years$4,917$4,022$3,268$2,639$2,120$1,602
20 years$4,622$3,738$2,999$2,390$1,893$1,405
21 years$4,356$3,482$2,759$2,169$1,694$1,235
22 years$4,114$3,250$2,543$1,972$1,519$1,087
23 years$3,893$3,040$2,348$1,796$1,363$957
24 years$3,692$2,848$2,171$1,638$1,225$844
25 years$3,506$2,673$2,011$1,496$1,103$745
26 years$3,335$2,512$1,865$1,368$993$658
27 years$3,178$2,364$1,732$1,252$896$582
28 years$3,031$2,228$1,610$1,147$808$515
29 years$2,895$2,101$1,498$1,052$730$456
30 years$2,768$1,985$1,396$966$659$404
31 years$2,650$1,876$1,301$887$596$357
32 years$2,539$1,775$1,214$815$539$317
33 years$2,436$1,681$1,133$749$488$281
34 years$2,338$1,593$1,059$690$442$249
35 years$2,246$1,511$990$635$400$221
36 years$2,160$1,434$926$585$363$196
37 years$2,078$1,362$867$539$329$174
38 years$2,001$1,295$812$496$298$154
39 years$1,928$1,231$761$458$270$137
40 years$1,859$1,171$713$422$245$122
41 years$1,794$1,115$668$390$222$108
42 years$1,731$1,062$627$360$202$96
43 years$1,672$1,012$588$332$183$85
44 years$1,616$964$552$306$166$76
45 years$1,562$920$519$283$151$67
46 years$1,511$877$487$261$137$60
47 years$1,462$837$458$242$124$53
48 years$1,415$799$430$223$113$47
49 years$1,371$763$404$206$103$42
50 years$1,328$729$380$191$93$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,360,000, adding $5,802 every year, while hoping to spend $39,292 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: 71/13/16 Blend
58$1,360,000$1,360,000$1,360,000$1,360,000
59$1,504,705$1,432,625$1,411,545$1,605,588
60$1,616,378$1,461,017$1,417,025$1,701,763
61$1,738,126$1,489,484$1,421,372$1,801,732
62$1,870,933$1,517,987$1,424,506$1,910,163
63$2,015,885$1,546,485$1,426,345$2,027,884
64$2,174,177$1,574,935$1,426,799$2,155,812
65$2,347,124$1,603,287$1,425,778$2,294,952
66$2,536,174$1,631,492$1,423,185$2,446,415
67$2,742,921$1,659,492$1,418,918$2,611,424
68$2,969,120$1,687,228$1,412,873$2,791,327
69$3,216,703$1,714,635$1,404,937$2,987,608
70$3,487,799$1,741,644$1,394,995$3,201,905
71$3,784,750$1,768,181$1,382,923$3,436,020
72$4,110,139$1,794,166$1,368,595$3,691,940
73$4,466,806$1,819,514$1,351,877$3,971,857
74$4,857,883$1,844,132$1,332,627$4,278,183
75$5,286,817$1,867,924$1,310,700$4,613,579
76$5,757,405$1,890,785$1,285,941$4,980,977
77$6,273,830$1,912,603$1,258,189$5,383,606
78$6,840,699$1,933,259$1,227,277$5,825,029
79$7,463,087$1,952,626$1,193,028$6,309,169
80$8,146,585$1,970,568$1,155,257$6,840,353
81$8,897,351$1,986,940$1,113,773$7,423,346
82$9,722,170$2,001,589$1,068,373$8,063,403
83$10,628,514$2,014,350$1,018,846$8,766,315
84$11,624,618$2,025,049$964,973$9,538,463
85$12,719,553$2,033,499$906,524$10,386,882
86$13,923,311$2,039,505$843,256$11,319,325
87$15,246,904$2,042,855$774,920$12,344,335
88$16,702,460$2,043,327$701,252$13,471,330
89$18,303,345$2,040,684$621,977$14,710,689
90$20,064,282$2,034,674$536,810$16,073,851
91$22,001,497$2,025,031$445,451$17,573,425
92$24,132,863$2,011,470$347,587$19,223,307
93$26,478,075$1,993,693$242,891$21,038,810
94$29,058,835$1,971,380$131,024$23,036,815
95$31,899,051$1,944,193$11,629$25,235,925
96$35,025,071$1,911,775$0$27,656,643
97$38,465,923$1,873,746$0$30,341,334
98$42,253,593$1,829,706$0$33,298,540
99$46,423,325$1,779,227$0$36,553,791
100$51,013,957$1,721,862$0$40,137,411