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%13.1%
1 years$123,869$122,765$121,689$120,638$119,612$118,068
2 years$61,321$60,179$59,072$57,999$56,958$55,405
3 years$40,475$39,328$38,224$37,161$36,137$34,623
4 years$30,053$28,910$27,817$26,772$25,773$24,309
5 years$23,802$22,666$21,587$20,564$19,592$18,184
6 years$19,636$18,508$17,446$16,445$15,503$14,151
7 years$16,662$15,543$14,497$13,520$12,608$11,313
8 years$14,432$13,323$12,295$11,342$10,459$9,221
9 years$12,698$11,600$10,590$9,661$8,808$7,627
10 years$11,312$10,225$9,232$8,328$7,505$6,379
11 years$10,179$9,103$8,128$7,247$6,455$5,383
12 years$9,236$8,170$7,213$6,357$5,593$4,575
13 years$8,438$7,384$6,445$5,612$4,878$3,911
14 years$7,754$6,711$5,791$4,982$4,276$3,360
15 years$7,163$6,131$5,228$4,443$3,765$2,898
16 years$6,646$5,625$4,740$3,978$3,327$2,508
17 years$6,190$5,181$4,313$3,574$2,950$2,176
18 years$5,785$4,787$3,937$3,221$2,623$1,893
19 years$5,423$4,437$3,605$2,911$2,338$1,651
20 years$5,098$4,123$3,308$2,636$2,088$1,442
21 years$4,804$3,840$3,043$2,393$1,869$1,261
22 years$4,537$3,585$2,804$2,175$1,675$1,105
23 years$4,294$3,353$2,589$1,981$1,504$969
24 years$4,072$3,141$2,395$1,807$1,352$850
25 years$3,867$2,948$2,218$1,650$1,216$747
26 years$3,679$2,770$2,057$1,509$1,096$657
27 years$3,505$2,607$1,910$1,381$988$578
28 years$3,343$2,457$1,776$1,265$891$509
29 years$3,193$2,318$1,652$1,160$805$448
30 years$3,053$2,189$1,539$1,065$727$395
31 years$2,923$2,069$1,435$978$657$348
32 years$2,801$1,958$1,339$899$595$307
33 years$2,686$1,854$1,250$827$538$271
34 years$2,579$1,757$1,168$761$487$239
35 years$2,478$1,667$1,092$700$441$211
36 years$2,382$1,582$1,022$645$400$186
37 years$2,292$1,503$956$594$362$164
38 years$2,207$1,428$895$548$329$145
39 years$2,127$1,358$839$505$298$128
40 years$2,051$1,292$786$466$270$113
41 years$1,978$1,230$737$430$245$100
42 years$1,910$1,171$692$397$222$88
43 years$1,844$1,116$649$366$202$78
44 years$1,782$1,064$609$338$183$69
45 years$1,723$1,014$572$312$166$61
46 years$1,666$968$537$288$151$54
47 years$1,613$923$505$266$137$48
48 years$1,561$882$474$246$125$42
49 years$1,512$842$446$227$113$37
50 years$1,465$804$419$210$103$33

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 $5,913 every year, while hoping to spend $51,759 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: 63/30/7 Blend
58$1,500,000$1,500,000$1,500,000$1,500,000
59$1,659,099$1,579,599$1,556,349$1,761,044
60$1,773,256$1,601,928$1,553,416$1,852,087
61$1,897,322$1,623,617$1,548,649$1,944,843
62$2,032,254$1,644,579$1,541,934$2,044,777
63$2,179,103$1,664,722$1,533,147$2,152,582
64$2,339,026$1,683,949$1,522,163$2,269,021
65$2,513,298$1,702,153$1,508,847$2,394,936
66$2,703,320$1,719,224$1,493,058$2,531,256
67$2,910,635$1,735,042$1,474,652$2,679,002
68$3,136,940$1,749,480$1,453,473$2,839,303
69$3,384,105$1,762,402$1,429,362$3,013,403
70$3,654,188$1,773,663$1,402,150$3,202,673
71$3,949,454$1,783,111$1,371,660$3,408,624
72$4,272,396$1,790,582$1,337,709$3,632,923
73$4,625,762$1,795,902$1,300,104$3,877,409
74$5,012,576$1,798,887$1,258,643$4,144,109
75$5,436,166$1,799,340$1,213,115$4,435,257
76$5,900,200$1,797,053$1,163,299$4,753,318
77$6,408,716$1,791,804$1,108,965$5,101,010
78$6,966,162$1,783,359$1,049,873$5,481,329
79$7,577,435$1,771,469$985,768$5,897,578
80$8,247,931$1,755,869$916,389$6,353,403
81$8,983,593$1,736,278$841,461$6,852,819
82$9,790,964$1,712,401$760,695$7,400,258
83$10,677,255$1,683,922$673,791$8,000,604
84$11,650,408$1,650,506$580,435$8,659,243
85$12,719,170$1,611,802$480,301$9,382,115
86$13,893,180$1,567,435$373,045$10,175,767
87$15,183,053$1,517,008$258,311$11,047,421
88$16,600,485$1,460,102$135,725$12,005,037
89$18,158,362$1,396,274$4,899$13,057,393
90$19,870,878$1,325,054$0$14,214,167
91$21,753,671$1,245,946$0$15,496,094
92$23,823,973$1,158,424$0$16,905,919
93$26,100,765$1,061,934$0$18,456,281
94$28,604,963$955,889$0$20,161,516
95$31,359,609$839,667$0$22,037,426
96$34,390,092$712,614$0$24,101,432
97$37,724,387$574,038$0$26,372,737
98$41,393,315$423,206$0$28,872,509
99$45,430,836$259,346$0$31,624,083
100$49,874,370$81,642$0$34,653,179