Can I retire at age 59 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$109,830$108,852$107,897$106,966$106,056$104,042
2 years$54,371$53,359$52,377$51,426$50,503$48,482
3 years$35,888$34,871$33,892$32,949$32,041$30,076
4 years$26,647$25,634$24,664$23,738$22,852$20,958
5 years$21,105$20,097$19,141$18,233$17,372$15,554
6 years$17,411$16,411$15,468$14,581$13,746$12,006
7 years$14,773$13,782$12,854$11,988$11,179$9,518
8 years$12,796$11,813$10,902$10,056$9,274$7,692
9 years$11,259$10,286$9,389$8,566$7,810$6,305
10 years$10,030$9,066$8,186$7,384$6,655$5,225
11 years$9,026$8,071$7,207$6,426$5,723$4,368
12 years$8,189$7,244$6,396$5,637$4,960$3,677
13 years$7,481$6,547$5,714$4,976$4,325$3,113
14 years$6,876$5,951$5,134$4,417$3,791$2,647
15 years$6,351$5,436$4,636$3,939$3,338$2,260
16 years$5,892$4,988$4,203$3,527$2,950$1,935
17 years$5,488$4,593$3,824$3,169$2,616$1,662
18 years$5,129$4,244$3,491$2,856$2,326$1,430
19 years$4,809$3,934$3,196$2,581$2,073$1,233
20 years$4,520$3,655$2,933$2,337$1,852$1,065
21 years$4,260$3,405$2,698$2,121$1,657$921
22 years$4,023$3,178$2,487$1,929$1,485$797
23 years$3,808$2,973$2,296$1,757$1,333$691
24 years$3,610$2,785$2,123$1,602$1,198$600
25 years$3,429$2,614$1,967$1,463$1,078$521
26 years$3,262$2,457$1,824$1,338$971$452
27 years$3,107$2,312$1,694$1,225$876$393
28 years$2,964$2,178$1,574$1,122$790$342
29 years$2,831$2,055$1,465$1,029$714$298
30 years$2,707$1,941$1,365$944$645$259
31 years$2,592$1,835$1,272$867$583$226
32 years$2,483$1,736$1,187$797$527$196
33 years$2,382$1,644$1,108$733$477$171
34 years$2,287$1,558$1,036$674$432$149
35 years$2,197$1,478$968$621$391$130
36 years$2,112$1,403$906$572$355$113
37 years$2,033$1,332$848$527$321$99
38 years$1,957$1,266$794$486$291$86
39 years$1,886$1,204$744$448$264$75
40 years$1,818$1,146$697$413$240$65
41 years$1,754$1,090$654$381$217$57
42 years$1,693$1,038$613$352$197$50
43 years$1,635$989$575$325$179$43
44 years$1,580$943$540$300$163$38
45 years$1,528$899$507$277$148$33
46 years$1,478$858$476$256$134$29
47 years$1,430$819$448$236$122$25
48 years$1,384$782$421$218$110$22
49 years$1,340$746$395$202$100$19
50 years$1,299$713$372$186$91$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,330,000, adding $6,889 every year, while hoping to spend $35,906 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: 54/28/18 Blend
58$1,330,000$1,330,000$1,330,000$1,330,000
59$1,472,766$1,402,276$1,381,661$1,544,789
60$1,584,784$1,432,784$1,389,743$1,625,303
61$1,707,025$1,463,583$1,396,892$1,708,513
62$1,840,493$1,494,650$1,403,040$1,798,299
63$1,986,295$1,525,959$1,408,113$1,895,298
64$2,145,647$1,557,482$1,412,035$2,000,213
65$2,319,891$1,589,186$1,414,726$2,113,817
66$2,510,503$1,621,039$1,416,102$2,236,963
67$2,719,108$1,653,003$1,416,075$2,370,591
68$2,947,494$1,685,038$1,414,551$2,515,737
69$3,197,635$1,717,101$1,411,434$2,673,544
70$3,471,698$1,749,144$1,406,622$2,845,269
71$3,772,075$1,781,115$1,400,008$3,032,300
72$4,101,398$1,812,961$1,391,479$3,236,167
73$4,462,566$1,844,621$1,380,919$3,458,556
74$4,858,771$1,876,032$1,368,203$3,701,326
75$5,293,532$1,907,124$1,353,205$3,966,524
76$5,770,723$1,937,823$1,335,787$4,256,411
77$6,294,610$1,968,050$1,315,809$4,573,475
78$6,869,895$1,997,719$1,293,124$4,920,463
79$7,501,755$2,026,738$1,267,575$5,300,398
80$8,195,896$2,055,011$1,239,000$5,716,619
81$8,958,602$2,082,430$1,207,231$6,172,801
82$9,796,796$2,108,886$1,172,090$6,672,999
83$10,718,104$2,134,257$1,133,390$7,221,682
84$11,730,931$2,158,415$1,090,938$7,823,777
85$12,844,532$2,181,223$1,044,531$8,484,714
86$14,069,107$2,202,536$993,956$9,210,482
87$15,415,894$2,222,198$938,991$10,007,679
88$16,897,273$2,240,043$879,405$10,883,583
89$18,526,884$2,255,895$814,955$11,846,213
90$20,319,758$2,269,566$745,387$12,904,411
91$22,292,453$2,280,855$670,438$14,067,924
92$24,463,216$2,289,549$589,830$15,347,496
93$26,852,150$2,295,423$503,275$16,754,969
94$29,481,407$2,298,236$410,472$18,303,400
95$32,375,393$2,297,732$311,106$20,007,178
96$35,561,003$2,293,641$204,848$21,882,169
97$39,067,869$2,285,674$91,354$23,945,856
98$42,928,645$2,273,524$0$26,217,516
99$47,179,309$2,256,870$0$28,724,111
100$51,859,507$2,235,365$0$31,502,438