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%14.3%
1 years$124,694$123,584$122,500$121,442$120,410$118,269
2 years$61,730$60,580$59,466$58,386$57,338$55,188
3 years$40,744$39,590$38,478$37,408$36,377$34,286
4 years$30,254$29,103$28,002$26,951$25,945$23,928
5 years$23,961$22,817$21,731$20,701$19,723$17,786
6 years$19,767$18,632$17,562$16,554$15,606$13,752
7 years$16,773$15,647$14,594$13,610$12,692$10,920
8 years$14,528$13,412$12,377$11,417$10,529$8,840
9 years$12,783$11,678$10,660$9,725$8,867$7,259
10 years$11,388$10,293$9,294$8,383$7,555$6,027
11 years$10,247$9,164$8,182$7,296$6,498$5,048
12 years$9,297$8,225$7,261$6,399$5,631$4,258
13 years$8,494$7,433$6,488$5,650$4,910$3,611
14 years$7,806$6,756$5,829$5,015$4,304$3,077
15 years$7,211$6,172$5,263$4,473$3,790$2,632
16 years$6,690$5,663$4,772$4,005$3,349$2,259
17 years$6,231$5,215$4,342$3,598$2,970$1,944
18 years$5,823$4,819$3,964$3,243$2,641$1,677
19 years$5,459$4,466$3,629$2,930$2,354$1,449
20 years$5,132$4,150$3,330$2,654$2,102$1,254
21 years$4,836$3,866$3,063$2,408$1,881$1,087
22 years$4,568$3,608$2,823$2,190$1,686$944
23 years$4,323$3,375$2,607$1,994$1,514$820
24 years$4,099$3,162$2,411$1,819$1,361$713
25 years$3,893$2,967$2,233$1,661$1,224$620
26 years$3,703$2,789$2,071$1,519$1,103$540
27 years$3,528$2,625$1,923$1,390$994$471
28 years$3,365$2,473$1,788$1,274$897$411
29 years$3,214$2,333$1,664$1,168$810$358
30 years$3,074$2,204$1,549$1,072$732$312
31 years$2,942$2,083$1,445$985$662$273
32 years$2,819$1,971$1,348$905$599$238
33 years$2,704$1,867$1,258$832$542$208
34 years$2,596$1,769$1,176$766$491$182
35 years$2,494$1,678$1,099$705$444$159
36 years$2,398$1,593$1,028$649$403$139
37 years$2,308$1,513$963$598$365$121
38 years$2,222$1,438$901$551$331$106
39 years$2,141$1,367$844$508$300$93
40 years$2,064$1,301$792$469$272$81
41 years$1,992$1,238$742$433$247$71
42 years$1,922$1,179$696$399$224$62
43 years$1,857$1,123$653$368$203$54
44 years$1,794$1,071$613$340$184$47
45 years$1,734$1,021$576$314$167$41
46 years$1,678$974$541$290$152$36
47 years$1,623$930$508$268$138$32
48 years$1,571$887$477$248$125$28
49 years$1,522$847$449$229$114$24
50 years$1,474$809$422$212$103$21

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 $3,134 every year, while hoping to spend $43,796 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: 85/7/8 Blend
58$1,510,000$1,510,000$1,510,000$1,510,000
59$1,667,253$1,587,223$1,563,818$1,807,262
60$1,790,714$1,618,398$1,569,607$1,930,301
61$1,925,300$1,649,633$1,574,122$2,059,171
62$2,072,100$1,680,885$1,577,275$2,199,374
63$2,232,312$1,712,106$1,578,971$2,352,023
64$2,407,255$1,743,245$1,579,114$2,518,339
65$2,598,380$1,774,249$1,577,599$2,699,671
66$2,807,285$1,805,058$1,574,319$2,897,504
67$3,035,731$1,835,609$1,569,162$3,113,470
68$3,285,655$1,865,833$1,562,008$3,349,370
69$3,559,189$1,895,657$1,552,733$3,607,188
70$3,858,684$1,925,001$1,541,207$3,889,107
71$4,186,726$1,953,782$1,527,293$4,197,532
72$4,546,163$1,981,908$1,510,848$4,535,114
73$4,940,133$2,009,283$1,491,723$4,904,772
74$5,372,091$2,035,803$1,469,761$5,309,723
75$5,845,843$2,061,356$1,444,796$5,753,509
76$6,365,580$2,085,824$1,416,658$6,240,034
77$6,935,920$2,109,080$1,385,167$6,773,599
78$7,561,947$2,130,988$1,350,133$7,358,942
79$8,249,264$2,151,405$1,311,361$8,001,283
80$9,004,041$2,170,176$1,268,644$8,706,375
81$9,833,076$2,187,137$1,221,766$9,480,555
82$10,743,858$2,202,114$1,170,503$10,330,806
83$11,744,634$2,214,921$1,114,618$11,264,823
84$12,844,495$2,225,360$1,053,865$12,291,084
85$14,053,451$2,233,221$987,988$13,418,931
86$15,382,534$2,238,279$916,716$14,658,657
87$16,843,896$2,240,298$839,769$16,021,606
88$18,450,925$2,239,024$756,853$17,520,276
89$20,218,373$2,234,190$667,662$19,168,440
90$22,162,492$2,225,511$571,874$20,981,274
91$24,301,190$2,212,685$469,155$22,975,504
92$26,654,196$2,195,391$359,157$25,169,556
93$29,243,249$2,173,290$241,513$27,583,740
94$32,092,300$2,146,021$115,844$30,240,432
95$35,227,741$2,113,202$0$33,164,294
96$38,678,651$2,074,430$0$36,384,060
97$42,477,071$2,029,274$0$39,938,769
98$46,658,305$1,977,281$0$43,851,560
99$51,261,255$1,917,971$0$48,158,836
100$56,328,786$1,850,834$0$52,900,712