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

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$112,308$111,307$110,331$109,379$108,448$105,612
2 years$55,598$54,562$53,559$52,586$51,642$48,804
3 years$36,697$35,657$34,656$33,692$32,764$30,013
4 years$27,248$26,212$25,221$24,273$23,367$20,725
5 years$21,581$20,550$19,572$18,644$17,764$15,236
6 years$17,804$16,781$15,817$14,910$14,056$11,646
7 years$15,107$14,093$13,144$12,258$11,431$9,139
8 years$13,085$12,080$11,147$10,283$9,483$7,308
9 years$11,513$10,518$9,601$8,759$7,986$5,926
10 years$10,257$9,271$8,371$7,550$6,805$4,857
11 years$9,229$8,253$7,369$6,571$5,852$4,014
12 years$8,374$7,408$6,540$5,764$5,071$3,340
13 years$7,650$6,694$5,843$5,088$4,422$2,793
14 years$7,031$6,085$5,250$4,517$3,877$2,346
15 years$6,494$5,559$4,740$4,028$3,413$1,978
16 years$6,025$5,100$4,298$3,607$3,017$1,672
17 years$5,612$4,697$3,911$3,241$2,675$1,417
18 years$5,245$4,340$3,570$2,921$2,378$1,204
19 years$4,917$4,022$3,268$2,639$2,120$1,024
20 years$4,622$3,738$2,999$2,390$1,893$873
21 years$4,356$3,482$2,759$2,169$1,694$744
22 years$4,114$3,250$2,543$1,972$1,519$636
23 years$3,893$3,040$2,348$1,796$1,363$543
24 years$3,692$2,848$2,171$1,638$1,225$465
25 years$3,506$2,673$2,011$1,496$1,103$398
26 years$3,335$2,512$1,865$1,368$993$341
27 years$3,178$2,364$1,732$1,252$896$292
28 years$3,031$2,228$1,610$1,147$808$250
29 years$2,895$2,101$1,498$1,052$730$214
30 years$2,768$1,985$1,396$966$659$184
31 years$2,650$1,876$1,301$887$596$158
32 years$2,539$1,775$1,214$815$539$135
33 years$2,436$1,681$1,133$749$488$116
34 years$2,338$1,593$1,059$690$442$100
35 years$2,246$1,511$990$635$400$86
36 years$2,160$1,434$926$585$363$73
37 years$2,078$1,362$867$539$329$63
38 years$2,001$1,295$812$496$298$54
39 years$1,928$1,231$761$458$270$47
40 years$1,859$1,171$713$422$245$40
41 years$1,794$1,115$668$390$222$34
42 years$1,731$1,062$627$360$202$29
43 years$1,672$1,012$588$332$183$25
44 years$1,616$964$552$306$166$22
45 years$1,562$920$519$283$151$19
46 years$1,511$877$487$261$137$16
47 years$1,462$837$458$242$124$14
48 years$1,415$799$430$223$113$12
49 years$1,371$763$404$206$103$10
50 years$1,328$729$380$191$93$9

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 $4,320 every year, while hoping to spend $47,280 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: 71/21/8 Blend
58$1,360,000$1,360,000$1,360,000$1,360,000
59$1,503,176$1,431,096$1,410,016$1,607,571
60$1,606,194$1,450,914$1,406,946$1,696,962
61$1,718,136$1,470,119$1,402,189$1,788,520
62$1,839,861$1,488,630$1,395,637$1,887,436
63$1,972,316$1,506,362$1,387,180$1,994,423
64$2,116,543$1,523,224$1,376,701$2,110,265
65$2,273,686$1,539,118$1,364,077$2,235,828
66$2,445,008$1,553,941$1,349,179$2,372,065
67$2,631,896$1,567,581$1,331,873$2,520,027
68$2,835,878$1,579,920$1,312,019$2,680,871
69$3,058,634$1,590,834$1,289,469$2,855,874
70$3,302,018$1,600,187$1,264,069$3,046,441
71$3,568,065$1,607,838$1,235,657$3,254,122
72$3,859,021$1,613,635$1,204,064$3,480,627
73$4,177,354$1,617,417$1,169,114$3,727,837
74$4,525,787$1,619,012$1,130,622$3,997,829
75$4,907,313$1,618,240$1,088,394$4,292,890
76$5,325,232$1,614,906$1,042,227$4,615,542
77$5,783,175$1,608,807$991,912$4,968,565
78$6,285,144$1,599,723$937,226$5,355,022
79$6,835,545$1,587,426$877,939$5,778,292
80$7,439,230$1,571,669$813,809$6,242,098
81$8,101,544$1,552,193$744,585$6,750,544
82$8,828,375$1,528,724$670,002$7,308,154
83$9,626,207$1,500,970$589,785$7,919,916
84$10,502,185$1,468,622$503,648$8,591,326
85$11,464,176$1,431,354$411,289$9,328,446
86$12,520,850$1,388,818$312,395$10,137,956
87$13,681,756$1,340,649$206,639$11,027,220
88$14,957,413$1,286,458$93,679$12,004,355
89$16,359,411$1,225,836$0$13,078,310
90$17,900,517$1,158,349$0$14,261,241
91$19,594,798$1,083,536$0$15,570,411
92$21,457,752$1,000,914$0$17,009,833
93$23,506,451$909,967$0$18,592,753
94$25,759,708$810,155$0$20,333,771
95$28,238,249$700,903$0$22,248,976
96$30,964,909$581,606$0$24,356,102
97$33,964,848$451,623$0$26,674,694
98$37,265,790$310,279$0$29,226,294
99$40,898,278$156,860$0$32,034,642
100$44,895,968$0$0$35,125,906