Can I retire at age 59 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$113,133$112,126$111,142$110,183$109,246$105,286
2 years$56,007$54,964$53,953$52,972$52,022$48,076
3 years$36,967$35,919$34,911$33,940$33,005$29,197
4 years$27,449$26,404$25,406$24,452$23,539$19,898
5 years$21,740$20,701$19,716$18,781$17,894$14,429
6 years$17,935$16,904$15,934$15,020$14,159$10,873
7 years$15,218$14,196$13,241$12,348$11,515$8,408
8 years$13,181$12,169$11,229$10,359$9,553$6,621
9 years$11,598$10,595$9,672$8,823$8,045$5,285
10 years$10,332$9,339$8,432$7,606$6,855$4,261
11 years$9,297$8,314$7,424$6,619$5,895$3,463
12 years$8,435$7,462$6,588$5,806$5,109$2,832
13 years$7,706$6,744$5,886$5,126$4,455$2,327
14 years$7,082$6,130$5,289$4,550$3,905$1,920
15 years$6,542$5,600$4,775$4,058$3,438$1,589
16 years$6,070$5,138$4,329$3,633$3,039$1,319
17 years$5,653$4,732$3,939$3,265$2,694$1,096
18 years$5,284$4,372$3,596$2,942$2,396$913
19 years$4,953$4,052$3,292$2,658$2,135$762
20 years$4,656$3,765$3,021$2,408$1,907$636
21 years$4,388$3,507$2,779$2,185$1,707$532
22 years$4,144$3,274$2,561$1,987$1,530$445
23 years$3,922$3,062$2,365$1,809$1,373$373
24 years$3,719$2,869$2,187$1,650$1,234$312
25 years$3,532$2,692$2,026$1,507$1,111$262
26 years$3,360$2,530$1,879$1,378$1,001$220
27 years$3,201$2,381$1,745$1,261$902$184
28 years$3,053$2,244$1,622$1,156$814$155
29 years$2,916$2,117$1,509$1,060$735$130
30 years$2,789$1,999$1,406$973$664$109
31 years$2,670$1,890$1,311$893$600$91
32 years$2,558$1,788$1,223$821$543$77
33 years$2,453$1,693$1,142$755$492$64
34 years$2,355$1,605$1,067$695$445$54
35 years$2,263$1,522$997$639$403$45
36 years$2,176$1,445$933$589$365$38
37 years$2,094$1,372$873$543$331$32
38 years$2,016$1,304$818$500$300$27
39 years$1,943$1,240$766$461$272$23
40 years$1,873$1,180$718$425$247$19
41 years$1,807$1,123$673$392$224$16
42 years$1,744$1,070$632$362$203$13
43 years$1,685$1,019$593$334$184$11
44 years$1,628$972$556$309$167$9
45 years$1,574$926$522$285$152$8
46 years$1,522$884$491$263$138$7
47 years$1,473$843$461$243$125$6
48 years$1,426$805$433$225$114$5
49 years$1,381$769$407$208$103$4
50 years$1,338$734$383$192$94$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,370,000, adding $6,001 every year, while hoping to spend $55,054 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: 56/33/11 Blend
58$1,370,000$1,370,000$1,370,000$1,370,000
59$1,515,930$1,443,320$1,422,085$1,596,338
60$1,611,978$1,455,466$1,411,148$1,663,558
61$1,715,977$1,466,361$1,397,999$1,730,157
62$1,828,682$1,475,887$1,382,507$1,801,392
63$1,950,918$1,483,917$1,364,532$1,877,714
64$2,083,598$1,490,315$1,343,930$1,959,622
65$2,227,722$1,494,938$1,320,549$2,047,667
66$2,384,393$1,497,633$1,294,230$2,142,458
67$2,554,821$1,498,237$1,264,806$2,244,667
68$2,740,340$1,496,578$1,232,105$2,355,039
69$2,942,417$1,492,473$1,195,943$2,474,395
70$3,162,667$1,485,727$1,156,130$2,603,643
71$3,402,867$1,476,135$1,112,468$2,743,784
72$3,664,971$1,463,478$1,064,748$2,895,927
73$3,951,133$1,447,523$1,012,751$3,061,295
74$4,263,721$1,428,025$956,252$3,241,239
75$4,605,346$1,404,723$895,011$3,437,253
76$4,978,878$1,377,341$828,781$3,650,985
77$5,387,479$1,345,587$757,301$3,884,256
78$5,834,632$1,309,150$680,300$4,139,077
79$6,324,170$1,267,704$597,496$4,417,667
80$6,860,314$1,220,900$508,591$4,722,479
81$7,447,714$1,168,372$413,276$5,056,220
82$8,091,490$1,109,731$311,230$5,421,879
83$8,797,280$1,044,566$202,114$5,822,754
84$9,571,295$972,442$85,578$6,262,488
85$10,420,376$892,901$0$6,745,103
86$11,352,056$805,455$0$7,279,589
87$12,374,635$709,591$0$7,877,306
88$13,497,254$604,767$0$8,533,653
89$14,729,983$490,410$0$9,254,646
90$16,083,914$365,914$0$10,046,921
91$17,571,268$230,638$0$10,917,797
92$19,205,507$83,908$0$11,875,347
93$21,001,459$0$0$12,928,477
94$22,975,464$0$0$14,114,239
95$25,145,521$0$0$15,451,397
96$27,531,460$0$0$16,921,716
97$30,155,130$0$0$18,538,677
98$33,040,601$0$0$20,317,133
99$36,214,393$0$0$22,273,449
100$39,705,728$0$0$24,425,653