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%12.4%
1 years$112,308$111,307$110,331$109,379$108,448$107,360
2 years$55,598$54,562$53,559$52,586$51,642$50,546
3 years$36,697$35,657$34,656$33,692$32,764$31,694
4 years$27,248$26,212$25,221$24,273$23,367$22,332
5 years$21,581$20,550$19,572$18,644$17,764$16,766
6 years$17,804$16,781$15,817$14,910$14,056$13,097
7 years$15,107$14,093$13,144$12,258$11,431$10,511
8 years$13,085$12,080$11,147$10,283$9,483$8,602
9 years$11,513$10,518$9,601$8,759$7,986$7,144
10 years$10,257$9,271$8,371$7,550$6,805$6,001
11 years$9,229$8,253$7,369$6,571$5,852$5,086
12 years$8,374$7,408$6,540$5,764$5,071$4,342
13 years$7,650$6,694$5,843$5,088$4,422$3,729
14 years$7,031$6,085$5,250$4,517$3,877$3,218
15 years$6,494$5,559$4,740$4,028$3,413$2,788
16 years$6,025$5,100$4,298$3,607$3,017$2,425
17 years$5,612$4,697$3,911$3,241$2,675$2,115
18 years$5,245$4,340$3,570$2,921$2,378$1,849
19 years$4,917$4,022$3,268$2,639$2,120$1,620
20 years$4,622$3,738$2,999$2,390$1,893$1,422
21 years$4,356$3,482$2,759$2,169$1,694$1,251
22 years$4,114$3,250$2,543$1,972$1,519$1,101
23 years$3,893$3,040$2,348$1,796$1,363$971
24 years$3,692$2,848$2,171$1,638$1,225$857
25 years$3,506$2,673$2,011$1,496$1,103$757
26 years$3,335$2,512$1,865$1,368$993$669
27 years$3,178$2,364$1,732$1,252$896$592
28 years$3,031$2,228$1,610$1,147$808$524
29 years$2,895$2,101$1,498$1,052$730$464
30 years$2,768$1,985$1,396$966$659$412
31 years$2,650$1,876$1,301$887$596$365
32 years$2,539$1,775$1,214$815$539$324
33 years$2,436$1,681$1,133$749$488$287
34 years$2,338$1,593$1,059$690$442$255
35 years$2,246$1,511$990$635$400$226
36 years$2,160$1,434$926$585$363$201
37 years$2,078$1,362$867$539$329$179
38 years$2,001$1,295$812$496$298$159
39 years$1,928$1,231$761$458$270$141
40 years$1,859$1,171$713$422$245$125
41 years$1,794$1,115$668$390$222$111
42 years$1,731$1,062$627$360$202$99
43 years$1,672$1,012$588$332$183$88
44 years$1,616$964$552$306$166$78
45 years$1,562$920$519$283$151$70
46 years$1,511$877$487$261$137$62
47 years$1,462$837$458$242$124$55
48 years$1,415$799$430$223$113$49
49 years$1,371$763$404$206$103$43
50 years$1,328$729$380$191$93$39

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 $4,348 every year, while hoping to spend $26,840 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: 76/11/13 Blend
58$1,360,000$1,360,000$1,360,000$1,360,000
59$1,503,205$1,431,125$1,410,045$1,613,157
60$1,627,974$1,472,693$1,428,724$1,727,843
61$1,764,571$1,515,397$1,447,129$1,849,724
62$1,914,172$1,559,267$1,465,223$1,982,593
63$2,078,075$1,604,329$1,482,966$2,127,532
64$2,257,709$1,650,611$1,500,316$2,285,737
65$2,454,648$1,698,144$1,517,228$2,458,523
66$2,670,624$1,746,954$1,533,657$2,647,338
67$2,907,546$1,797,073$1,549,553$2,853,778
68$3,167,516$1,848,530$1,564,864$3,079,601
69$3,452,850$1,901,356$1,579,534$3,326,741
70$3,766,099$1,955,581$1,593,507$3,597,332
71$4,110,073$2,011,236$1,606,721$3,893,721
72$4,487,867$2,068,353$1,619,113$4,218,497
73$4,902,891$2,126,964$1,630,615$4,574,510
74$5,358,901$2,187,100$1,641,155$4,964,901
75$5,860,035$2,248,795$1,650,660$5,393,128
76$6,410,853$2,312,079$1,659,051$5,863,003
77$7,016,376$2,376,988$1,666,246$6,378,726
78$7,682,139$2,443,553$1,672,158$6,944,924
79$8,414,237$2,511,807$1,676,695$7,566,694
80$9,219,388$2,581,784$1,679,763$8,249,652
81$10,104,991$2,653,517$1,681,261$8,999,987
82$11,079,201$2,727,040$1,681,084$9,824,518
83$12,151,000$2,802,386$1,679,121$10,730,757
84$13,330,287$2,879,588$1,675,257$11,726,983
85$14,627,968$2,958,679$1,669,369$12,822,317
86$16,056,059$3,039,693$1,661,331$14,026,811
87$17,627,801$3,122,661$1,651,009$15,351,538
88$19,357,781$3,207,617$1,638,263$16,808,703
89$21,262,076$3,294,591$1,622,946$18,411,754
90$23,358,398$3,383,616$1,604,905$20,175,507
91$25,666,264$3,474,723$1,583,978$22,116,291
92$28,207,179$3,567,940$1,559,998$24,252,098
93$31,004,841$3,663,299$1,532,788$26,602,755
94$34,085,361$3,760,827$1,502,162$29,190,110
95$37,477,512$3,860,551$1,467,929$32,038,237
96$41,212,999$3,962,499$1,429,885$35,173,667
97$45,326,758$4,066,695$1,387,819$38,625,634
98$49,857,286$4,173,162$1,341,510$42,426,353
99$54,847,006$4,281,923$1,290,727$46,611,324
100$60,342,661$4,392,998$1,235,227$51,219,669