Can I retire at age 59 with 1,500,000?

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 $1,500,000?

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%
1 years$123,869$122,765$121,689$120,638$119,612$119,058
2 years$61,321$60,179$59,072$57,999$56,958$56,399
3 years$40,475$39,328$38,224$37,161$36,137$35,589
4 years$30,053$28,910$27,817$26,772$25,773$25,242
5 years$23,802$22,666$21,587$20,564$19,592$19,079
6 years$19,636$18,508$17,446$16,445$15,503$15,008
7 years$16,662$15,543$14,497$13,520$12,608$12,132
8 years$14,432$13,323$12,295$11,342$10,459$10,003
9 years$12,698$11,600$10,590$9,661$8,808$8,370
10 years$11,312$10,225$9,232$8,328$7,505$7,086
11 years$10,179$9,103$8,128$7,247$6,455$6,053
12 years$9,236$8,170$7,213$6,357$5,593$5,210
13 years$8,438$7,384$6,445$5,612$4,878$4,512
14 years$7,754$6,711$5,791$4,982$4,276$3,927
15 years$7,163$6,131$5,228$4,443$3,765$3,433
16 years$6,646$5,625$4,740$3,978$3,327$3,012
17 years$6,190$5,181$4,313$3,574$2,950$2,650
18 years$5,785$4,787$3,937$3,221$2,623$2,339
19 years$5,423$4,437$3,605$2,911$2,338$2,069
20 years$5,098$4,123$3,308$2,636$2,088$1,833
21 years$4,804$3,840$3,043$2,393$1,869$1,628
22 years$4,537$3,585$2,804$2,175$1,675$1,447
23 years$4,294$3,353$2,589$1,981$1,504$1,288
24 years$4,072$3,141$2,395$1,807$1,352$1,149
25 years$3,867$2,948$2,218$1,650$1,216$1,025
26 years$3,679$2,770$2,057$1,509$1,096$915
27 years$3,505$2,607$1,910$1,381$988$818
28 years$3,343$2,457$1,776$1,265$891$732
29 years$3,193$2,318$1,652$1,160$805$655
30 years$3,053$2,189$1,539$1,065$727$587
31 years$2,923$2,069$1,435$978$657$526
32 years$2,801$1,958$1,339$899$595$471
33 years$2,686$1,854$1,250$827$538$423
34 years$2,579$1,757$1,168$761$487$379
35 years$2,478$1,667$1,092$700$441$341
36 years$2,382$1,582$1,022$645$400$306
37 years$2,292$1,503$956$594$362$275
38 years$2,207$1,428$895$548$329$247
39 years$2,127$1,358$839$505$298$222
40 years$2,051$1,292$786$466$270$199
41 years$1,978$1,230$737$430$245$179
42 years$1,910$1,171$692$397$222$161
43 years$1,844$1,116$649$366$202$145
44 years$1,782$1,064$609$338$183$130
45 years$1,723$1,014$572$312$166$117
46 years$1,666$968$537$288$151$105
47 years$1,613$923$505$266$137$95
48 years$1,561$882$474$246$125$85
49 years$1,512$842$446$227$113$76
50 years$1,465$804$419$210$103$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,500,000, adding $4,946 every year, while hoping to spend $44,949 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: 79/8/13 Blend
58$1,500,000$1,500,000$1,500,000$1,500,000
59$1,658,102$1,578,602$1,555,352$1,784,502
60$1,779,403$1,608,128$1,559,631$1,897,860
61$1,911,570$1,637,594$1,562,546$2,015,921
62$2,055,664$1,666,951$1,564,006$2,144,164
63$2,212,853$1,696,142$1,563,911$2,283,589
64$2,384,422$1,725,111$1,562,160$2,435,296
65$2,571,786$1,753,794$1,558,645$2,600,498
66$2,776,501$1,782,123$1,553,253$2,780,528
67$3,000,283$1,810,026$1,545,865$2,976,858
68$3,245,018$1,837,424$1,536,359$3,191,108
69$3,512,786$1,864,234$1,524,603$3,425,064
70$3,805,875$1,890,366$1,510,461$3,680,691
71$4,126,804$1,915,724$1,493,792$3,960,156
72$4,478,350$1,940,205$1,474,445$4,265,848
73$4,863,567$1,963,701$1,452,265$4,600,396
74$5,285,821$1,986,093$1,427,086$4,966,700
75$5,748,820$2,007,257$1,398,739$5,367,951
76$6,256,646$2,027,059$1,367,043$5,807,671
77$6,813,796$2,045,357$1,331,811$6,289,736
78$7,425,223$2,061,999$1,292,846$6,818,421
79$8,096,383$2,076,823$1,249,943$7,398,432
80$8,833,285$2,089,659$1,202,888$8,034,961
81$9,642,550$2,100,322$1,151,454$8,733,724
82$10,531,470$2,108,618$1,095,408$9,501,023
83$11,508,080$2,114,340$1,034,504$10,343,802
84$12,581,229$2,117,268$968,485$11,269,714
85$13,760,668$2,117,168$897,084$12,287,190
86$15,057,140$2,113,793$820,019$13,405,526
87$16,482,477$2,106,877$736,998$14,634,961
88$18,049,718$2,096,142$647,716$15,986,782
89$19,773,227$2,081,292$551,853$17,473,428
90$21,668,831$2,062,010$449,075$19,108,605
91$23,753,967$2,037,964$339,034$20,907,420
92$26,047,847$2,008,799$221,367$22,886,519
93$28,571,638$1,974,141$95,693$25,064,249
94$31,348,663$1,933,592$0$27,460,827
95$34,404,621$1,886,732$0$30,103,866
96$37,767,826$1,833,115$0$33,027,103
97$41,469,476$1,772,270$0$36,244,370
98$45,543,949$1,703,698$0$39,785,554
99$50,029,122$1,626,870$0$43,683,586
100$54,966,734$1,541,227$0$47,974,755