Can I retire at age 59 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$124,694$123,584$122,500$121,442$120,410$117,261
2 years$61,730$60,580$59,466$58,386$57,338$54,187
3 years$40,744$39,590$38,478$37,408$36,377$33,323
4 years$30,254$29,103$28,002$26,951$25,945$23,010
5 years$23,961$22,817$21,731$20,701$19,723$16,917
6 years$19,767$18,632$17,562$16,554$15,606$12,931
7 years$16,773$15,647$14,594$13,610$12,692$10,147
8 years$14,528$13,412$12,377$11,417$10,529$8,114
9 years$12,783$11,678$10,660$9,725$8,867$6,580
10 years$11,388$10,293$9,294$8,383$7,555$5,393
11 years$10,247$9,164$8,182$7,296$6,498$4,457
12 years$9,297$8,225$7,261$6,399$5,631$3,708
13 years$8,494$7,433$6,488$5,650$4,910$3,101
14 years$7,806$6,756$5,829$5,015$4,304$2,605
15 years$7,211$6,172$5,263$4,473$3,790$2,196
16 years$6,690$5,663$4,772$4,005$3,349$1,857
17 years$6,231$5,215$4,342$3,598$2,970$1,574
18 years$5,823$4,819$3,964$3,243$2,641$1,337
19 years$5,459$4,466$3,629$2,930$2,354$1,137
20 years$5,132$4,150$3,330$2,654$2,102$969
21 years$4,836$3,866$3,063$2,408$1,881$827
22 years$4,568$3,608$2,823$2,190$1,686$706
23 years$4,323$3,375$2,607$1,994$1,514$603
24 years$4,099$3,162$2,411$1,819$1,361$516
25 years$3,893$2,967$2,233$1,661$1,224$442
26 years$3,703$2,789$2,071$1,519$1,103$378
27 years$3,528$2,625$1,923$1,390$994$324
28 years$3,365$2,473$1,788$1,274$897$278
29 years$3,214$2,333$1,664$1,168$810$238
30 years$3,074$2,204$1,549$1,072$732$204
31 years$2,942$2,083$1,445$985$662$175
32 years$2,819$1,971$1,348$905$599$150
33 years$2,704$1,867$1,258$832$542$129
34 years$2,596$1,769$1,176$766$491$111
35 years$2,494$1,678$1,099$705$444$95
36 years$2,398$1,593$1,028$649$403$82
37 years$2,308$1,513$963$598$365$70
38 years$2,222$1,438$901$551$331$60
39 years$2,141$1,367$844$508$300$52
40 years$2,064$1,301$792$469$272$44
41 years$1,992$1,238$742$433$247$38
42 years$1,922$1,179$696$399$224$33
43 years$1,857$1,123$653$368$203$28
44 years$1,794$1,071$613$340$184$24
45 years$1,734$1,021$576$314$167$21
46 years$1,678$974$541$290$152$18
47 years$1,623$930$508$268$138$15
48 years$1,571$887$477$248$125$13
49 years$1,522$847$449$229$114$11
50 years$1,474$809$422$212$103$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,510,000, adding $4,168 every year, while hoping to spend $51,046 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: 40/33/27 Blend
58$1,510,000$1,510,000$1,510,000$1,510,000
59$1,668,319$1,588,289$1,564,884$1,721,603
60$1,784,175$1,611,803$1,562,995$1,784,154
61$1,910,138$1,634,758$1,559,332$1,846,715
62$2,047,184$1,657,073$1,553,782$1,913,417
63$2,196,388$1,678,661$1,546,225$1,984,671
64$2,358,933$1,699,429$1,536,537$2,060,931
65$2,536,122$1,719,278$1,524,589$2,142,701
66$2,729,385$1,738,102$1,510,241$2,230,536
67$2,940,301$1,755,788$1,493,353$2,325,053
68$3,170,605$1,772,214$1,473,773$2,426,934
69$3,422,207$1,787,253$1,451,345$2,536,932
70$3,697,210$1,800,767$1,425,903$2,655,882
71$3,997,931$1,812,610$1,397,277$2,784,705
72$4,326,919$1,822,627$1,365,285$2,924,423
73$4,686,982$1,830,653$1,329,739$3,076,161
74$5,081,211$1,836,511$1,290,441$3,241,169
75$5,513,010$1,840,015$1,247,186$3,420,823
76$5,986,128$1,840,967$1,199,758$3,616,648
77$6,504,694$1,839,156$1,147,931$3,830,329
78$7,073,255$1,834,357$1,091,470$4,063,725
79$7,696,820$1,826,333$1,030,126$4,318,895
80$8,380,904$1,814,832$963,644$4,598,110
81$9,131,583$1,799,586$891,753$4,903,881
82$9,955,551$1,780,311$814,173$5,238,982
83$10,860,178$1,756,708$730,609$5,606,476
84$11,853,585$1,728,456$640,754$6,009,747
85$12,944,719$1,695,218$544,287$6,452,532
86$14,143,434$1,656,637$440,874$6,938,958
87$15,460,586$1,612,334$330,165$7,473,582
88$16,908,134$1,561,907$211,794$8,061,436
89$18,499,256$1,504,933$85,381$8,708,073
90$20,248,466$1,440,961$0$9,419,628
91$22,171,758$1,369,516$0$10,217,135
92$24,286,751$1,290,096$0$11,120,978
93$26,612,858$1,202,169$0$12,114,905
94$29,171,467$1,105,172$0$13,208,148
95$31,986,142$998,512$0$14,410,888
96$35,082,849$881,560$0$15,734,352
97$38,490,195$753,651$0$17,190,919
98$42,239,701$614,086$0$18,794,240
99$46,366,096$462,122$0$20,559,365
100$50,907,649$296,977$0$22,502,892