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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$113,133$112,126$111,142$110,183$109,246$106,691
2 years$56,007$54,964$53,953$52,972$52,022$49,463
3 years$36,967$35,919$34,911$33,940$33,005$30,521
4 years$27,449$26,404$25,406$24,452$23,539$21,150
5 years$21,740$20,701$19,716$18,781$17,894$15,606
6 years$17,935$16,904$15,934$15,020$14,159$11,975
7 years$15,218$14,196$13,241$12,348$11,515$9,435
8 years$13,181$12,169$11,229$10,359$9,553$7,575
9 years$11,598$10,595$9,672$8,823$8,045$6,169
10 years$10,332$9,339$8,432$7,606$6,855$5,078
11 years$9,297$8,314$7,424$6,619$5,895$4,216
12 years$8,435$7,462$6,588$5,806$5,109$3,523
13 years$7,706$6,744$5,886$5,126$4,455$2,961
14 years$7,082$6,130$5,289$4,550$3,905$2,499
15 years$6,542$5,600$4,775$4,058$3,438$2,117
16 years$6,070$5,138$4,329$3,633$3,039$1,799
17 years$5,653$4,732$3,939$3,265$2,694$1,532
18 years$5,284$4,372$3,596$2,942$2,396$1,308
19 years$4,953$4,052$3,292$2,658$2,135$1,119
20 years$4,656$3,765$3,021$2,408$1,907$958
21 years$4,388$3,507$2,779$2,185$1,707$822
22 years$4,144$3,274$2,561$1,987$1,530$706
23 years$3,922$3,062$2,365$1,809$1,373$606
24 years$3,719$2,869$2,187$1,650$1,234$522
25 years$3,532$2,692$2,026$1,507$1,111$449
26 years$3,360$2,530$1,879$1,378$1,001$387
27 years$3,201$2,381$1,745$1,261$902$333
28 years$3,053$2,244$1,622$1,156$814$287
29 years$2,916$2,117$1,509$1,060$735$248
30 years$2,789$1,999$1,406$973$664$214
31 years$2,670$1,890$1,311$893$600$184
32 years$2,558$1,788$1,223$821$543$159
33 years$2,453$1,693$1,142$755$492$137
34 years$2,355$1,605$1,067$695$445$119
35 years$2,263$1,522$997$639$403$102
36 years$2,176$1,445$933$589$365$88
37 years$2,094$1,372$873$543$331$76
38 years$2,016$1,304$818$500$300$66
39 years$1,943$1,240$766$461$272$57
40 years$1,873$1,180$718$425$247$49
41 years$1,807$1,123$673$392$224$43
42 years$1,744$1,070$632$362$203$37
43 years$1,685$1,019$593$334$184$32
44 years$1,628$972$556$309$167$27
45 years$1,574$926$522$285$152$24
46 years$1,522$884$491$263$138$20
47 years$1,473$843$461$243$125$18
48 years$1,426$805$433$225$114$15
49 years$1,381$769$407$208$103$13
50 years$1,338$734$383$192$94$11

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 $4,800 every year, while hoping to spend $42,526 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: 63/28/9 Blend
58$1,370,000$1,370,000$1,370,000$1,370,000
59$1,514,691$1,442,081$1,420,846$1,606,917
60$1,623,942$1,467,496$1,423,197$1,694,515
61$1,742,912$1,492,731$1,424,202$1,784,731
62$1,872,546$1,517,731$1,423,770$1,882,153
63$2,013,886$1,542,441$1,421,807$1,987,478
64$2,168,079$1,566,797$1,418,214$2,101,474
65$2,336,386$1,590,733$1,412,887$2,224,989
66$2,520,196$1,614,177$1,405,717$2,358,955
67$2,721,038$1,637,054$1,396,590$2,504,400
68$2,940,595$1,659,280$1,385,387$2,662,460
69$3,180,719$1,680,769$1,371,981$2,834,381
70$3,443,453$1,701,427$1,356,243$3,021,543
71$3,731,041$1,721,153$1,338,033$3,225,462
72$4,045,959$1,739,841$1,317,209$3,447,811
73$4,390,931$1,757,377$1,293,619$3,690,435
74$4,768,956$1,773,639$1,267,106$3,955,366
75$5,183,340$1,788,498$1,237,505$4,244,846
76$5,637,722$1,801,816$1,204,642$4,561,343
77$6,136,109$1,813,444$1,168,337$4,907,582
78$6,682,918$1,823,228$1,128,401$5,286,564
79$7,283,009$1,831,000$1,084,637$5,701,597
80$7,941,741$1,836,584$1,036,837$6,156,331
81$8,665,013$1,839,791$984,786$6,654,785
82$9,459,325$1,840,422$928,257$7,201,392
83$10,331,838$1,838,264$867,014$7,801,041
84$11,290,437$1,833,091$800,812$8,459,116
85$12,343,814$1,824,664$729,391$9,181,558
86$13,501,540$1,812,730$652,483$9,974,913
87$14,774,162$1,797,019$569,806$10,846,397
88$16,173,298$1,777,245$481,066$11,803,966
89$17,711,750$1,753,105$385,957$12,856,390
90$19,403,621$1,724,279$284,159$14,013,336
91$21,264,448$1,690,427$175,336$15,285,462
92$23,311,352$1,651,188$59,140$16,684,514
93$25,563,195$1,606,181$0$18,223,443
94$28,040,759$1,555,002$0$19,922,751
95$30,766,944$1,497,225$0$21,798,413
96$33,766,979$1,432,396$0$23,862,125
97$37,068,665$1,360,037$0$26,133,048
98$40,702,633$1,279,643$0$28,632,300
99$44,702,634$1,190,678$0$31,383,154
100$49,105,857$1,092,576$0$34,411,264