Can I retire at age 59 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$99,921$99,031$98,162$97,315$96,487$96,081
2 years$49,466$48,544$47,652$46,786$45,946$45,536
3 years$32,650$31,724$30,834$29,976$29,150$28,749
4 years$24,243$23,321$22,439$21,596$20,790$20,400
5 years$19,201$18,284$17,414$16,588$15,804$15,428
6 years$15,840$14,930$14,073$13,265$12,505$12,142
7 years$13,441$12,538$11,695$10,906$10,170$9,821
8 years$11,642$10,748$9,918$9,149$8,437$8,102
9 years$10,243$9,358$8,542$7,793$7,105$6,783
10 years$9,125$8,248$7,447$6,718$6,054$5,746
11 years$8,211$7,343$6,557$5,846$5,207$4,912
12 years$7,450$6,591$5,819$5,128$4,512$4,230
13 years$6,806$5,956$5,199$4,527$3,935$3,666
14 years$6,255$5,414$4,671$4,019$3,449$3,193
15 years$5,778$4,946$4,217$3,584$3,037$2,793
16 years$5,361$4,538$3,824$3,209$2,684$2,452
17 years$4,993$4,179$3,479$2,883$2,380$2,159
18 years$4,667$3,862$3,176$2,599$2,116$1,907
19 years$4,375$3,579$2,908$2,348$1,886$1,687
20 years$4,112$3,326$2,668$2,127$1,685$1,497
21 years$3,875$3,098$2,455$1,930$1,508$1,330
22 years$3,660$2,892$2,262$1,755$1,351$1,183
23 years$3,464$2,704$2,089$1,598$1,213$1,054
24 years$3,285$2,534$1,932$1,458$1,090$940
25 years$3,120$2,378$1,789$1,331$981$840
26 years$2,968$2,235$1,659$1,217$884$751
27 years$2,827$2,103$1,541$1,114$797$672
28 years$2,697$1,982$1,432$1,021$719$601
29 years$2,576$1,870$1,333$936$649$539
30 years$2,463$1,766$1,242$859$587$483
31 years$2,358$1,669$1,158$789$530$433
32 years$2,259$1,579$1,080$725$480$388
33 years$2,167$1,496$1,008$667$434$349
34 years$2,080$1,418$942$613$393$313
35 years$1,999$1,345$881$565$356$281
36 years$1,922$1,276$824$520$323$253
37 years$1,849$1,212$771$479$292$227
38 years$1,781$1,152$722$442$265$204
39 years$1,716$1,095$677$407$240$184
40 years$1,654$1,042$634$376$218$165
41 years$1,596$992$595$347$198$149
42 years$1,541$945$558$320$179$134
43 years$1,488$900$524$295$163$120
44 years$1,438$858$491$273$148$108
45 years$1,390$818$461$252$134$97
46 years$1,344$781$433$233$122$88
47 years$1,301$745$407$215$111$79
48 years$1,259$711$383$199$100$71
49 years$1,219$679$360$183$91$64
50 years$1,181$649$338$170$83$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,210,000, adding $5,766 every year, while hoping to spend $59,312 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: 52/30/18 Blend
58$1,210,000$1,210,000$1,210,000$1,210,000
59$1,339,368$1,275,238$1,256,483$1,402,133
60$1,412,876$1,274,617$1,235,467$1,445,246
61$1,491,894$1,271,978$1,211,760$1,485,432
62$1,576,921$1,267,159$1,185,208$1,527,851
63$1,668,506$1,259,988$1,155,652$1,572,734
64$1,767,251$1,250,285$1,122,923$1,620,338
65$1,873,817$1,237,856$1,086,848$1,670,948
66$1,988,932$1,222,496$1,047,243$1,724,883
67$2,113,394$1,203,990$1,003,917$1,782,498
68$2,248,081$1,182,106$956,669$1,844,185
69$2,393,959$1,156,603$905,291$1,910,383
70$2,552,088$1,127,222$849,564$1,981,578
71$2,723,636$1,093,691$789,259$2,058,311
72$2,909,886$1,055,720$724,138$2,141,182
73$3,112,249$1,013,005$653,951$2,230,857
74$3,332,278$965,222$578,438$2,328,077
75$3,571,681$912,029$497,326$2,433,662
76$3,832,337$853,063$410,332$2,548,522
77$4,116,316$787,944$317,158$2,673,668
78$4,425,893$716,265$217,495$2,810,219
79$4,763,572$637,601$111,020$2,959,415
80$5,132,111$551,498$0$3,122,633
81$5,534,545$457,479$0$3,301,896
82$5,974,214$355,041$0$3,521,179
83$6,454,796$243,651$0$3,761,076
84$6,980,341$122,746$0$4,023,730
85$7,555,307$0$0$4,311,508
86$8,184,603$0$0$4,629,756
87$8,873,635$0$0$5,022,698
88$9,628,356$0$0$5,453,222
89$10,455,320$0$0$5,925,084
90$11,361,749$0$0$6,442,417
91$12,355,593$0$0$7,009,777
92$13,445,610$0$0$7,632,181
93$14,641,445$0$0$8,315,153
94$15,953,724$0$0$9,064,779
95$17,394,149$0$0$9,887,764
96$18,975,612$0$0$10,791,492
97$20,712,312$0$0$11,784,099
98$22,619,894$0$0$12,874,545
99$24,715,588$0$0$14,072,704
100$27,018,381$0$0$15,389,451