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%13.1%
1 years$113,133$112,126$111,142$110,183$109,246$107,836
2 years$56,007$54,964$53,953$52,972$52,022$50,603
3 years$36,967$35,919$34,911$33,940$33,005$31,622
4 years$27,449$26,404$25,406$24,452$23,539$22,203
5 years$21,740$20,701$19,716$18,781$17,894$16,608
6 years$17,935$16,904$15,934$15,020$14,159$12,924
7 years$15,218$14,196$13,241$12,348$11,515$10,332
8 years$13,181$12,169$11,229$10,359$9,553$8,422
9 years$11,598$10,595$9,672$8,823$8,045$6,966
10 years$10,332$9,339$8,432$7,606$6,855$5,826
11 years$9,297$8,314$7,424$6,619$5,895$4,916
12 years$8,435$7,462$6,588$5,806$5,109$4,178
13 years$7,706$6,744$5,886$5,126$4,455$3,572
14 years$7,082$6,130$5,289$4,550$3,905$3,068
15 years$6,542$5,600$4,775$4,058$3,438$2,646
16 years$6,070$5,138$4,329$3,633$3,039$2,290
17 years$5,653$4,732$3,939$3,265$2,694$1,988
18 years$5,284$4,372$3,596$2,942$2,396$1,729
19 years$4,953$4,052$3,292$2,658$2,135$1,508
20 years$4,656$3,765$3,021$2,408$1,907$1,317
21 years$4,388$3,507$2,779$2,185$1,707$1,152
22 years$4,144$3,274$2,561$1,987$1,530$1,009
23 years$3,922$3,062$2,365$1,809$1,373$885
24 years$3,719$2,869$2,187$1,650$1,234$777
25 years$3,532$2,692$2,026$1,507$1,111$682
26 years$3,360$2,530$1,879$1,378$1,001$600
27 years$3,201$2,381$1,745$1,261$902$528
28 years$3,053$2,244$1,622$1,156$814$465
29 years$2,916$2,117$1,509$1,060$735$409
30 years$2,789$1,999$1,406$973$664$361
31 years$2,670$1,890$1,311$893$600$318
32 years$2,558$1,788$1,223$821$543$280
33 years$2,453$1,693$1,142$755$492$247
34 years$2,355$1,605$1,067$695$445$218
35 years$2,263$1,522$997$639$403$193
36 years$2,176$1,445$933$589$365$170
37 years$2,094$1,372$873$543$331$150
38 years$2,016$1,304$818$500$300$133
39 years$1,943$1,240$766$461$272$117
40 years$1,873$1,180$718$425$247$103
41 years$1,807$1,123$673$392$224$91
42 years$1,744$1,070$632$362$203$81
43 years$1,685$1,019$593$334$184$71
44 years$1,628$972$556$309$167$63
45 years$1,574$926$522$285$152$56
46 years$1,522$884$491$263$138$49
47 years$1,473$843$461$243$125$44
48 years$1,426$805$433$225$114$38
49 years$1,381$769$407$208$103$34
50 years$1,338$734$383$192$94$30

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 $5,986 every year, while hoping to spend $43,652 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: 71/19/10 Blend
58$1,370,000$1,370,000$1,370,000$1,370,000
59$1,515,915$1,443,305$1,422,070$1,620,192
60$1,624,092$1,467,581$1,423,263$1,714,272
61$1,741,841$1,491,584$1,423,034$1,811,286
62$1,870,092$1,515,254$1,421,289$1,916,297
63$2,009,867$1,538,528$1,417,928$2,030,084
64$2,162,293$1,561,335$1,412,848$2,153,503
65$2,328,611$1,583,605$1,405,942$2,287,499
66$2,510,185$1,605,257$1,397,097$2,433,112
67$2,708,517$1,626,208$1,386,193$2,591,490
68$2,925,261$1,646,367$1,373,106$2,763,895
69$3,162,238$1,665,640$1,357,705$2,951,720
70$3,421,453$1,683,922$1,339,855$3,156,498
71$3,705,112$1,701,106$1,319,411$3,379,921
72$4,015,647$1,717,073$1,296,225$3,623,851
73$4,355,734$1,731,701$1,270,139$3,890,341
74$4,728,320$1,744,855$1,240,990$4,181,656
75$5,136,651$1,756,396$1,208,606$4,500,288
76$5,584,303$1,766,172$1,172,807$4,848,986
77$6,075,212$1,774,025$1,133,406$5,230,780
78$6,613,715$1,779,783$1,090,206$5,649,010
79$7,204,588$1,783,267$1,043,003$6,107,354
80$7,853,093$1,784,284$991,580$6,609,870
81$8,565,025$1,782,631$935,715$7,161,028
82$9,346,768$1,778,090$875,172$7,765,757
83$10,205,355$1,770,432$809,706$8,429,486
84$11,148,531$1,759,414$739,062$9,158,203
85$12,184,832$1,744,776$662,971$9,958,506
86$13,323,659$1,726,244$581,154$10,837,667
87$14,575,369$1,703,527$493,320$11,803,704
88$15,951,373$1,676,316$399,163$12,865,450
89$17,464,244$1,644,286$298,366$14,032,646
90$19,127,831$1,607,090$190,595$15,316,024
91$20,957,394$1,564,362$75,504$16,727,416
92$22,969,746$1,515,714$0$18,279,861
93$25,183,411$1,460,735$0$19,992,782
94$27,618,799$1,398,991$0$21,885,898
95$30,298,396$1,330,021$0$23,968,645
96$33,246,981$1,253,340$0$26,260,314
97$36,491,853$1,168,434$0$28,782,163
98$40,063,092$1,074,758$0$31,557,617
99$43,993,844$971,737$0$34,612,496
100$48,320,629$858,765$0$37,975,253