Can I retire at age 59 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$113,959$112,944$111,954$110,987$110,043$106,012
2 years$56,415$55,365$54,346$53,359$52,401$48,385
3 years$37,237$36,181$35,166$34,188$33,246$29,370
4 years$27,649$26,597$25,592$24,630$23,711$20,006
5 years$21,898$20,853$19,860$18,918$18,025$14,500
6 years$18,065$17,028$16,050$15,129$14,262$10,921
7 years$15,329$14,300$13,338$12,439$11,599$8,439
8 years$13,277$12,258$11,311$10,434$9,623$6,642
9 years$11,683$10,672$9,742$8,888$8,104$5,298
10 years$10,407$9,407$8,494$7,661$6,905$4,269
11 years$9,365$8,375$7,478$6,668$5,938$3,467
12 years$8,497$7,517$6,636$5,848$5,146$2,834
13 years$7,763$6,793$5,929$5,163$4,487$2,327
14 years$7,134$6,175$5,327$4,583$3,934$1,918
15 years$6,590$5,641$4,810$4,088$3,463$1,587
16 years$6,114$5,175$4,361$3,660$3,061$1,316
17 years$5,695$4,766$3,968$3,288$2,714$1,093
18 years$5,322$4,404$3,622$2,964$2,413$910
19 years$4,989$4,082$3,316$2,678$2,151$759
20 years$4,690$3,793$3,043$2,425$1,921$633
21 years$4,420$3,533$2,799$2,201$1,719$529
22 years$4,174$3,298$2,580$2,001$1,541$442
23 years$3,951$3,084$2,382$1,823$1,383$370
24 years$3,746$2,890$2,203$1,662$1,243$310
25 years$3,558$2,712$2,041$1,518$1,119$259
26 years$3,384$2,549$1,893$1,388$1,008$217
27 years$3,224$2,399$1,757$1,271$909$182
28 years$3,076$2,260$1,634$1,164$820$153
29 years$2,938$2,132$1,520$1,068$740$128
30 years$2,809$2,014$1,416$980$669$107
31 years$2,689$1,904$1,320$900$605$90
32 years$2,577$1,801$1,232$827$547$76
33 years$2,471$1,706$1,150$760$495$63
34 years$2,372$1,617$1,075$700$448$53
35 years$2,279$1,533$1,005$644$406$45
36 years$2,192$1,455$940$593$368$38
37 years$2,109$1,382$880$547$333$32
38 years$2,031$1,314$824$504$302$26
39 years$1,957$1,249$772$464$274$22
40 years$1,887$1,189$723$428$249$19
41 years$1,820$1,131$678$395$226$16
42 years$1,757$1,078$636$365$205$13
43 years$1,697$1,027$597$337$186$11
44 years$1,640$979$560$311$169$9
45 years$1,585$933$526$287$153$8
46 years$1,533$890$494$265$139$7
47 years$1,484$850$464$245$126$5
48 years$1,436$811$436$226$115$5
49 years$1,391$774$410$209$104$4
50 years$1,347$740$386$193$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,380,000, adding $3,333 every year, while hoping to spend $34,817 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: 72/11/17 Blend
58$1,380,000$1,380,000$1,380,000$1,380,000
59$1,524,198$1,451,058$1,429,668$1,627,692
60$1,642,621$1,485,115$1,440,517$1,730,912
61$1,771,957$1,519,674$1,450,562$1,839,383
62$1,913,281$1,554,722$1,459,740$1,957,273
63$2,067,778$1,590,246$1,467,985$2,085,510
64$2,236,753$1,626,230$1,475,224$2,225,115
65$2,421,643$1,662,657$1,481,385$2,377,211
66$2,624,029$1,699,505$1,486,390$2,543,039
67$2,845,653$1,736,754$1,490,157$2,723,963
68$3,088,433$1,774,378$1,492,600$2,921,487
69$3,354,480$1,812,349$1,493,630$3,137,268
70$3,646,122$1,850,639$1,493,151$3,373,133
71$3,965,920$1,889,214$1,491,065$3,631,093
72$4,316,696$1,928,038$1,487,268$3,913,364
73$4,701,558$1,967,071$1,481,651$4,222,389
74$5,123,930$2,006,270$1,474,099$4,560,860
75$5,587,582$2,045,589$1,464,492$4,931,742
76$6,096,669$2,084,976$1,452,706$5,338,303
77$6,655,766$2,124,376$1,438,608$5,784,144
78$7,269,913$2,163,730$1,422,061$6,273,234
79$7,944,665$2,202,973$1,402,920$6,809,946
80$8,686,137$2,242,036$1,381,035$7,399,100
81$9,501,070$2,280,842$1,356,246$8,046,007
82$10,396,887$2,319,312$1,328,389$8,756,518
83$11,381,770$2,357,358$1,297,290$9,537,085
84$12,464,729$2,394,887$1,262,768$10,394,814
85$13,655,693$2,431,799$1,224,633$11,337,540
86$14,965,602$2,467,985$1,182,686$12,373,894
87$16,406,509$2,503,331$1,136,721$13,513,390
88$17,991,691$2,537,713$1,086,520$14,766,512
89$19,735,782$2,570,999$1,031,856$16,144,815
90$21,654,901$2,603,048$972,493$17,661,032
91$23,766,811$2,633,708$908,182$19,329,195
92$26,091,085$2,662,818$838,665$21,164,770
93$28,649,286$2,690,207$763,671$23,184,799
94$31,465,176$2,715,690$682,917$25,408,066
95$34,564,938$2,739,072$596,108$27,855,270
96$37,977,420$2,760,145$502,936$30,549,224
97$41,734,411$2,778,687$403,079$33,515,067
98$45,870,939$2,794,461$296,200$36,780,507
99$50,425,602$2,807,216$181,949$40,376,077
100$55,440,928$2,816,684$59,959$44,335,428