Can I retire at age 59 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$105,701$104,760$103,841$102,944$102,069$99,000
2 years$52,327$51,353$50,408$49,493$48,604$45,538
3 years$34,538$33,560$32,618$31,710$30,837$27,869
4 years$25,646$24,670$23,737$22,846$21,993$19,148
5 years$20,311$19,341$18,421$17,548$16,719$14,003
6 years$16,756$15,794$14,887$14,033$13,229$10,645
7 years$14,218$13,264$12,371$11,537$10,759$8,306
8 years$12,315$11,369$10,492$9,678$8,925$6,603
9 years$10,836$9,899$9,036$8,244$7,516$5,322
10 years$9,653$8,726$7,878$7,106$6,404$4,335
11 years$8,686$7,768$6,936$6,185$5,508$3,560
12 years$7,881$6,972$6,155$5,425$4,773$2,942
13 years$7,200$6,301$5,499$4,789$4,162$2,444
14 years$6,617$5,727$4,941$4,251$3,649$2,039
15 years$6,112$5,232$4,461$3,791$3,212$1,707
16 years$5,671$4,800$4,045$3,395$2,839$1,433
17 years$5,282$4,421$3,681$3,050$2,517$1,206
18 years$4,936$4,085$3,360$2,749$2,238$1,016
19 years$4,628$3,786$3,076$2,484$1,995$858
20 years$4,350$3,518$2,823$2,250$1,782$726
21 years$4,100$3,277$2,596$2,042$1,595$614
22 years$3,872$3,059$2,393$1,856$1,429$520
23 years$3,664$2,861$2,210$1,691$1,283$441
24 years$3,475$2,680$2,043$1,542$1,153$375
25 years$3,300$2,515$1,893$1,408$1,038$318
26 years$3,139$2,364$1,755$1,288$935$270
27 years$2,991$2,225$1,630$1,179$843$230
28 years$2,853$2,097$1,515$1,080$761$195
29 years$2,725$1,978$1,410$990$687$166
30 years$2,606$1,868$1,313$909$621$141
31 years$2,494$1,766$1,225$835$561$120
32 years$2,390$1,671$1,142$767$507$102
33 years$2,292$1,582$1,067$705$459$87
34 years$2,201$1,500$997$649$416$74
35 years$2,114$1,422$932$597$377$63
36 years$2,033$1,350$872$550$341$54
37 years$1,956$1,282$816$507$309$46
38 years$1,884$1,219$764$467$280$39
39 years$1,815$1,159$716$431$254$33
40 years$1,750$1,102$671$397$231$28
41 years$1,688$1,049$629$367$209$24
42 years$1,630$999$590$338$190$20
43 years$1,574$952$554$312$172$17
44 years$1,521$908$520$288$156$15
45 years$1,470$866$488$266$142$13
46 years$1,422$826$458$246$129$11
47 years$1,376$788$431$227$117$9
48 years$1,332$752$405$210$106$8
49 years$1,290$718$380$194$97$7
50 years$1,250$686$358$179$88$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,280,000, adding $6,464 every year, while hoping to spend $37,307 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: 66/21/13 Blend
58$1,280,000$1,280,000$1,280,000$1,280,000
59$1,417,228$1,349,388$1,329,548$1,506,119
60$1,522,090$1,375,813$1,334,393$1,592,661
61$1,636,399$1,402,283$1,338,151$1,682,238
62$1,761,077$1,428,761$1,340,744$1,779,206
63$1,897,142$1,455,205$1,342,094$1,884,284
64$2,045,714$1,481,573$1,342,117$1,998,267
65$2,208,024$1,507,817$1,340,725$2,122,029
66$2,385,429$1,533,888$1,337,827$2,256,533
67$2,579,424$1,559,729$1,333,325$2,402,841
68$2,791,653$1,585,284$1,327,119$2,562,122
69$3,023,927$1,610,488$1,319,103$2,735,666
70$3,278,239$1,635,274$1,309,165$2,924,893
71$3,556,787$1,659,569$1,297,189$3,131,369
72$3,861,987$1,683,296$1,283,053$3,356,819
73$4,196,504$1,706,372$1,266,629$3,603,145
74$4,563,270$1,728,707$1,247,784$3,872,443
75$4,965,517$1,750,206$1,226,378$4,167,023
76$5,406,801$1,770,768$1,202,263$4,489,431
77$5,891,043$1,790,284$1,175,287$4,842,473
78$6,422,559$1,808,637$1,145,289$5,229,241
79$7,006,104$1,825,705$1,112,100$5,653,145
80$7,646,917$1,841,355$1,075,546$6,117,942
81$8,350,768$1,855,446$1,035,442$6,627,774
82$9,124,013$1,867,830$991,596$7,187,204
83$9,973,655$1,878,347$943,808$7,801,265
84$10,907,410$1,886,828$891,867$8,475,502
85$11,933,775$1,893,092$835,554$9,216,028
86$13,062,115$1,896,948$774,640$10,029,580
87$14,302,744$1,898,192$708,884$10,923,583
88$15,667,029$1,896,609$638,037$11,906,225
89$17,167,492$1,891,968$561,836$12,986,525
90$18,817,928$1,884,026$480,010$14,174,429
91$20,633,538$1,872,525$392,271$15,480,896
92$22,631,070$1,857,190$298,324$16,918,009
93$24,828,977$1,837,730$197,855$18,499,082
94$27,247,591$1,813,837$90,542$20,238,792
95$29,909,314$1,785,184$0$22,153,315
96$32,838,831$1,751,425$0$24,263,809
97$36,063,340$1,712,193$0$26,600,216
98$39,612,810$1,667,099$0$29,171,676
99$43,520,262$1,615,733$0$32,002,116
100$47,822,083$1,557,658$0$35,117,904