Can I retire at age 59 with 1,360,000?

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 $1,360,000?

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$112,308$111,307$110,331$109,379$108,448$107,991
2 years$55,598$54,562$53,559$52,586$51,642$51,181
3 years$36,697$35,657$34,656$33,692$32,764$32,312
4 years$27,248$26,212$25,221$24,273$23,367$22,929
5 years$21,581$20,550$19,572$18,644$17,764$17,340
6 years$17,804$16,781$15,817$14,910$14,056$13,648
7 years$15,107$14,093$13,144$12,258$11,431$11,038
8 years$13,085$12,080$11,147$10,283$9,483$9,106
9 years$11,513$10,518$9,601$8,759$7,986$7,624
10 years$10,257$9,271$8,371$7,550$6,805$6,458
11 years$9,229$8,253$7,369$6,571$5,852$5,521
12 years$8,374$7,408$6,540$5,764$5,071$4,755
13 years$7,650$6,694$5,843$5,088$4,422$4,120
14 years$7,031$6,085$5,250$4,517$3,877$3,588
15 years$6,494$5,559$4,740$4,028$3,413$3,139
16 years$6,025$5,100$4,298$3,607$3,017$2,756
17 years$5,612$4,697$3,911$3,241$2,675$2,427
18 years$5,245$4,340$3,570$2,921$2,378$2,143
19 years$4,917$4,022$3,268$2,639$2,120$1,897
20 years$4,622$3,738$2,999$2,390$1,893$1,682
21 years$4,356$3,482$2,759$2,169$1,694$1,494
22 years$4,114$3,250$2,543$1,972$1,519$1,330
23 years$3,893$3,040$2,348$1,796$1,363$1,185
24 years$3,692$2,848$2,171$1,638$1,225$1,057
25 years$3,506$2,673$2,011$1,496$1,103$944
26 years$3,335$2,512$1,865$1,368$993$844
27 years$3,178$2,364$1,732$1,252$896$755
28 years$3,031$2,228$1,610$1,147$808$676
29 years$2,895$2,101$1,498$1,052$730$605
30 years$2,768$1,985$1,396$966$659$543
31 years$2,650$1,876$1,301$887$596$487
32 years$2,539$1,775$1,214$815$539$437
33 years$2,436$1,681$1,133$749$488$392
34 years$2,338$1,593$1,059$690$442$352
35 years$2,246$1,511$990$635$400$316
36 years$2,160$1,434$926$585$363$284
37 years$2,078$1,362$867$539$329$255
38 years$2,001$1,295$812$496$298$230
39 years$1,928$1,231$761$458$270$206
40 years$1,859$1,171$713$422$245$186
41 years$1,794$1,115$668$390$222$167
42 years$1,731$1,062$627$360$202$150
43 years$1,672$1,012$588$332$183$135
44 years$1,616$964$552$306$166$122
45 years$1,562$920$519$283$151$109
46 years$1,511$877$487$261$137$99
47 years$1,462$837$458$242$124$89
48 years$1,415$799$430$223$113$80
49 years$1,371$763$404$206$103$72
50 years$1,328$729$380$191$93$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,360,000, adding $3,413 every year, while hoping to spend $40,190 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: 67/27/6 Blend
58$1,360,000$1,360,000$1,360,000$1,360,000
59$1,502,241$1,430,161$1,409,081$1,601,311
60$1,612,707$1,457,477$1,413,523$1,694,754
61$1,733,094$1,484,784$1,416,767$1,791,689
62$1,864,372$1,512,040$1,418,730$1,896,574
63$2,007,606$1,539,199$1,419,326$2,010,178
64$2,163,972$1,566,210$1,418,464$2,133,350
65$2,334,763$1,593,019$1,416,048$2,267,022
66$2,521,401$1,619,569$1,411,978$2,412,224
67$2,725,454$1,645,798$1,406,149$2,570,087
68$2,948,646$1,671,639$1,398,451$2,741,860
69$3,192,878$1,697,019$1,388,769$2,928,919
70$3,460,241$1,721,862$1,376,982$3,132,777
71$3,753,038$1,746,086$1,362,964$3,355,106
72$4,073,805$1,769,602$1,346,581$3,597,745
73$4,425,337$1,792,315$1,327,695$3,862,720
74$4,810,709$1,814,126$1,306,160$4,152,266
75$5,233,310$1,834,927$1,281,824$4,468,845
76$5,696,870$1,854,602$1,254,529$4,815,170
77$6,205,502$1,873,028$1,224,106$5,194,230
78$6,763,732$1,890,075$1,190,383$5,609,321
79$7,376,547$1,905,603$1,153,175$6,064,075
80$8,049,441$1,919,464$1,112,293$6,562,493
81$8,788,466$1,931,500$1,067,536$7,108,988
82$9,600,288$1,941,541$1,018,697$7,708,420
83$10,492,251$1,949,410$965,557$8,366,148
84$11,472,444$1,954,916$907,887$9,088,077
85$12,549,783$1,957,855$845,450$9,880,717
86$13,734,085$1,958,014$777,997$10,751,241
87$15,036,168$1,955,164$705,267$11,707,556
88$16,467,953$1,949,062$626,988$12,758,378
89$18,042,569$1,939,451$542,878$13,913,310
90$19,774,485$1,926,059$452,638$15,182,941
91$21,679,641$1,908,594$355,960$16,578,938
92$23,775,600$1,886,751$252,520$18,114,162
93$26,081,713$1,860,203$141,981$19,802,787
94$28,619,300$1,828,606$23,991$21,660,437
95$31,411,856$1,791,595$0$23,704,331
96$34,485,263$1,748,781$0$25,959,974
97$37,868,044$1,699,756$0$28,443,820
98$41,591,626$1,644,084$0$31,177,412
99$45,690,635$1,581,308$0$34,186,189
100$50,203,229$1,510,941$0$37,498,185