Can I retire at age 59 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$113,959$112,944$111,954$110,987$110,043$106,435
2 years$56,415$55,365$54,346$53,359$52,401$48,801
3 years$37,237$36,181$35,166$34,188$33,246$29,766
4 years$27,649$26,597$25,592$24,630$23,711$20,378
5 years$21,898$20,853$19,860$18,918$18,025$14,848
6 years$18,065$17,028$16,050$15,129$14,262$11,244
7 years$15,329$14,300$13,338$12,439$11,599$8,739
8 years$13,277$12,258$11,311$10,434$9,623$6,919
9 years$11,683$10,672$9,742$8,888$8,104$5,553
10 years$10,407$9,407$8,494$7,661$6,905$4,503
11 years$9,365$8,375$7,478$6,668$5,938$3,681
12 years$8,497$7,517$6,636$5,848$5,146$3,028
13 years$7,763$6,793$5,929$5,163$4,487$2,504
14 years$7,134$6,175$5,327$4,583$3,934$2,079
15 years$6,590$5,641$4,810$4,088$3,463$1,731
16 years$6,114$5,175$4,361$3,660$3,061$1,446
17 years$5,695$4,766$3,968$3,288$2,714$1,211
18 years$5,322$4,404$3,622$2,964$2,413$1,015
19 years$4,989$4,082$3,316$2,678$2,151$853
20 years$4,690$3,793$3,043$2,425$1,921$717
21 years$4,420$3,533$2,799$2,201$1,719$604
22 years$4,174$3,298$2,580$2,001$1,541$509
23 years$3,951$3,084$2,382$1,823$1,383$429
24 years$3,746$2,890$2,203$1,662$1,243$362
25 years$3,558$2,712$2,041$1,518$1,119$306
26 years$3,384$2,549$1,893$1,388$1,008$258
27 years$3,224$2,399$1,757$1,271$909$218
28 years$3,076$2,260$1,634$1,164$820$184
29 years$2,938$2,132$1,520$1,068$740$156
30 years$2,809$2,014$1,416$980$669$132
31 years$2,689$1,904$1,320$900$605$112
32 years$2,577$1,801$1,232$827$547$94
33 years$2,471$1,706$1,150$760$495$80
34 years$2,372$1,617$1,075$700$448$68
35 years$2,279$1,533$1,005$644$406$57
36 years$2,192$1,455$940$593$368$48
37 years$2,109$1,382$880$547$333$41
38 years$2,031$1,314$824$504$302$35
39 years$1,957$1,249$772$464$274$29
40 years$1,887$1,189$723$428$249$25
41 years$1,820$1,131$678$395$226$21
42 years$1,757$1,078$636$365$205$18
43 years$1,697$1,027$597$337$186$15
44 years$1,640$979$560$311$169$13
45 years$1,585$933$526$287$153$11
46 years$1,533$890$494$265$139$9
47 years$1,484$850$464$245$126$8
48 years$1,436$811$436$226$115$7
49 years$1,391$774$410$209$104$6
50 years$1,347$740$386$193$95$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,380,000, adding $4,500 every year, while hoping to spend $40,339 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: 64/20/16 Blend
58$1,380,000$1,380,000$1,380,000$1,380,000
59$1,525,402$1,452,262$1,430,872$1,616,755
60$1,638,072$1,480,502$1,435,886$1,706,800
61$1,760,883$1,508,774$1,439,715$1,800,089
62$1,894,826$1,537,037$1,442,279$1,901,022
63$2,040,993$1,565,247$1,443,490$2,010,345
64$2,200,585$1,593,355$1,443,257$2,128,880
65$2,374,925$1,621,309$1,441,487$2,257,534
66$2,565,469$1,649,055$1,438,078$2,397,305
67$2,773,820$1,676,531$1,432,926$2,549,294
68$3,001,742$1,703,674$1,425,922$2,714,715
69$3,251,180$1,730,415$1,416,951$2,894,905
70$3,524,274$1,756,678$1,405,892$3,091,337
71$3,823,379$1,782,385$1,392,619$3,305,637
72$4,151,092$1,807,449$1,376,999$3,539,595
73$4,510,269$1,831,781$1,358,895$3,795,184
74$4,904,060$1,855,281$1,338,161$4,074,581
75$5,335,929$1,877,845$1,314,645$4,380,183
76$5,809,697$1,899,362$1,288,189$4,714,635
77$6,329,568$1,919,713$1,258,625$5,080,850
78$6,900,176$1,938,771$1,225,781$5,482,039
79$7,526,623$1,956,400$1,189,473$5,921,744
80$8,214,530$1,972,455$1,149,512$6,403,868
81$8,970,090$1,986,783$1,105,699$6,932,712
82$9,800,123$1,999,220$1,057,824$7,513,020
83$10,712,146$2,009,591$1,005,671$8,150,018
84$11,714,435$2,017,712$949,011$8,849,469
85$12,816,112$2,023,384$887,608$9,617,725
86$14,027,225$2,026,399$821,212$10,461,788
87$15,358,842$2,026,534$749,563$11,389,375
88$16,823,162$2,023,551$672,391$12,408,995
89$18,433,620$2,017,200$589,411$13,530,024
90$20,205,021$2,007,215$500,329$14,762,799
91$22,153,677$1,993,313$404,834$16,118,715
92$24,297,560$1,975,193$302,603$17,610,331
93$26,656,471$1,952,538$193,301$19,251,490
94$29,252,229$1,925,010$76,575$21,057,452
95$32,108,874$1,892,253$0$23,045,036
96$35,252,893$1,853,887$0$25,240,974
97$38,713,473$1,809,513$0$27,671,992
98$42,522,773$1,758,705$0$30,347,594
99$46,716,228$1,701,013$0$33,292,677
100$51,332,884$1,635,963$0$36,534,679