Can I retire at age 59 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$104,875$103,941$103,030$102,140$101,272$99,105
2 years$51,919$50,952$50,014$49,106$48,225$46,053
3 years$34,269$33,297$32,363$31,463$30,596$28,486
4 years$25,445$24,477$23,552$22,667$21,821$19,790
5 years$20,153$19,190$18,277$17,410$16,588$14,641
6 years$16,625$15,670$14,771$13,923$13,126$11,264
7 years$14,107$13,160$12,274$11,447$10,675$8,900
8 years$12,219$11,281$10,410$9,603$8,856$7,167
9 years$10,751$9,822$8,966$8,179$7,458$5,854
10 years$9,578$8,657$7,817$7,051$6,354$4,834
11 years$8,618$7,707$6,882$6,136$5,465$4,025
12 years$7,819$6,918$6,107$5,382$4,736$3,375
13 years$7,144$6,251$5,456$4,752$4,130$2,846
14 years$6,565$5,682$4,903$4,218$3,620$2,410
15 years$6,064$5,191$4,426$3,762$3,187$2,049
16 years$5,627$4,763$4,013$3,368$2,817$1,747
17 years$5,241$4,386$3,652$3,026$2,498$1,494
18 years$4,898$4,053$3,334$2,727$2,221$1,280
19 years$4,592$3,756$3,052$2,464$1,980$1,099
20 years$4,316$3,491$2,801$2,232$1,768$945
21 years$4,068$3,251$2,576$2,026$1,582$813
22 years$3,842$3,035$2,374$1,842$1,418$701
23 years$3,636$2,839$2,192$1,677$1,273$605
24 years$3,447$2,660$2,028$1,530$1,144$522
25 years$3,274$2,496$1,878$1,397$1,030$451
26 years$3,115$2,346$1,742$1,277$928$390
27 years$2,967$2,208$1,617$1,169$836$338
28 years$2,831$2,080$1,503$1,071$755$292
29 years$2,704$1,962$1,399$982$681$253
30 years$2,585$1,853$1,303$902$616$219
31 years$2,475$1,752$1,215$828$557$190
32 years$2,371$1,658$1,134$761$503$165
33 years$2,274$1,570$1,058$700$456$143
34 years$2,183$1,488$989$644$413$124
35 years$2,098$1,411$925$593$374$107
36 years$2,017$1,339$865$546$339$93
37 years$1,941$1,272$810$503$307$81
38 years$1,869$1,209$758$464$278$70
39 years$1,801$1,150$710$427$252$61
40 years$1,736$1,094$666$394$229$53
41 years$1,675$1,041$624$364$208$46
42 years$1,617$992$586$336$188$40
43 years$1,562$945$549$310$171$34
44 years$1,509$901$516$286$155$30
45 years$1,459$859$484$264$141$26
46 years$1,411$819$455$244$128$22
47 years$1,365$782$427$226$116$20
48 years$1,322$746$402$208$105$17
49 years$1,280$713$377$193$96$15
50 years$1,240$681$355$178$87$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,270,000, adding $2,067 every year, while hoping to spend $21,173 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: 72/5/23 Blend
58$1,270,000$1,270,000$1,270,000$1,270,000
59$1,401,672$1,334,362$1,314,677$1,494,457
60$1,522,115$1,377,218$1,336,191$1,599,444
61$1,654,133$1,421,464$1,357,716$1,711,689
62$1,798,885$1,467,146$1,379,230$1,834,113
63$1,957,647$1,514,312$1,400,709$1,967,723
64$2,131,823$1,563,010$1,422,130$2,113,633
65$2,322,962$1,613,291$1,443,464$2,273,066
66$2,532,769$1,665,206$1,464,685$2,447,372
67$2,763,122$1,718,811$1,485,762$2,638,036
68$3,016,088$1,774,161$1,506,663$2,846,695
69$3,293,948$1,831,314$1,527,355$3,075,152
70$3,599,211$1,890,329$1,547,802$3,325,394
71$3,934,643$1,951,268$1,567,966$3,599,610
72$4,303,292$2,014,195$1,587,808$3,900,211
73$4,708,513$2,079,175$1,607,284$4,229,853
74$5,154,004$2,146,278$1,626,352$4,591,464
75$5,643,840$2,215,573$1,644,962$4,988,270
76$6,182,510$2,287,134$1,663,066$5,423,823
77$6,774,958$2,361,036$1,680,611$5,902,039
78$7,426,633$2,437,357$1,697,541$6,427,233
79$8,143,540$2,516,177$1,713,798$7,004,157
80$8,932,291$2,597,580$1,729,321$7,638,050
81$9,800,176$2,681,652$1,744,044$8,334,684
82$10,755,224$2,768,483$1,757,900$9,100,419
83$11,806,282$2,858,165$1,770,815$9,942,262
84$12,963,101$2,950,792$1,782,715$10,867,937
85$14,236,421$3,046,465$1,793,520$11,885,951
86$15,638,079$3,145,285$1,803,146$13,005,683
87$17,181,117$3,247,358$1,811,505$14,237,464
88$18,879,905$3,352,792$1,818,505$15,592,681
89$20,750,279$3,461,702$1,824,048$17,083,882
90$22,809,686$3,574,204$1,828,032$18,724,892
91$25,077,353$3,690,420$1,830,351$20,530,947
92$27,574,467$3,810,474$1,830,891$22,518,837
93$30,324,371$3,934,496$1,829,535$24,707,063
94$33,352,791$4,062,621$1,826,158$27,116,016
95$36,688,073$4,194,986$1,820,632$29,768,161
96$40,361,453$4,331,737$1,812,819$32,688,258
97$44,407,349$4,473,020$1,802,577$35,903,592
98$48,863,692$4,618,992$1,789,757$39,444,228
99$53,772,276$4,769,809$1,774,201$43,343,300
100$59,179,157$4,925,638$1,755,745$47,637,320