Can I retire at age 59 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$126,346$125,221$124,123$123,051$122,004$118,194
2 years$62,548$61,383$60,254$59,159$58,097$54,292
3 years$41,284$40,114$38,988$37,904$36,859$33,179
4 years$30,655$29,488$28,373$27,308$26,288$22,761
5 years$24,278$23,119$22,019$20,975$19,984$16,619
6 years$20,029$18,878$17,795$16,774$15,813$12,613
7 years$16,995$15,854$14,787$13,791$12,860$9,825
8 years$14,721$13,590$12,541$11,569$10,669$7,797
9 years$12,952$11,832$10,801$9,854$8,984$6,273
10 years$11,539$10,430$9,417$8,494$7,655$5,100
11 years$10,383$9,285$8,291$7,392$6,584$4,180
12 years$9,420$8,334$7,358$6,484$5,705$3,447
13 years$8,606$7,531$6,574$5,725$4,975$2,858
14 years$7,910$6,846$5,906$5,082$4,361$2,379
15 years$7,306$6,254$5,333$4,532$3,840$1,988
16 years$6,778$5,738$4,835$4,058$3,394$1,665
17 years$6,313$5,284$4,399$3,646$3,009$1,398
18 years$5,901$4,883$4,016$3,286$2,676$1,176
19 years$5,532$4,525$3,677$2,969$2,385$991
20 years$5,200$4,205$3,374$2,689$2,130$836
21 years$4,900$3,917$3,104$2,440$1,906$706
22 years$4,628$3,656$2,860$2,219$1,709$597
23 years$4,380$3,420$2,641$2,021$1,534$505
24 years$4,153$3,204$2,443$1,843$1,379$427
25 years$3,945$3,007$2,262$1,683$1,241$362
26 years$3,752$2,826$2,098$1,539$1,117$307
27 years$3,575$2,660$1,948$1,409$1,007$260
28 years$3,410$2,506$1,811$1,291$909$220
29 years$3,257$2,364$1,686$1,184$821$187
30 years$3,114$2,233$1,570$1,086$742$159
31 years$2,981$2,111$1,464$998$671$135
32 years$2,857$1,997$1,366$917$607$114
33 years$2,740$1,891$1,275$843$549$97
34 years$2,630$1,793$1,191$776$497$82
35 years$2,527$1,700$1,114$714$450$70
36 years$2,430$1,614$1,042$658$408$59
37 years$2,338$1,533$975$606$370$50
38 years$2,252$1,457$913$559$335$43
39 years$2,170$1,385$856$515$304$36
40 years$2,092$1,318$802$475$276$31
41 years$2,018$1,254$752$438$250$26
42 years$1,948$1,195$705$404$227$22
43 years$1,881$1,138$662$373$206$19
44 years$1,818$1,085$621$345$187$16
45 years$1,757$1,035$583$318$170$14
46 years$1,700$987$548$294$154$12
47 years$1,645$942$515$272$140$10
48 years$1,592$899$484$251$127$8
49 years$1,542$859$455$232$115$7
50 years$1,494$820$428$214$105$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,530,000, adding $2,002 every year, while hoping to spend $48,592 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: 64/13/23 Blend
58$1,530,000$1,530,000$1,530,000$1,530,000
59$1,688,125$1,607,035$1,583,320$1,785,951
60$1,808,612$1,634,078$1,584,660$1,879,202
61$1,939,761$1,660,818$1,584,416$1,975,416
62$2,082,606$1,687,188$1,582,484$2,079,432
63$2,238,289$1,713,117$1,578,754$2,192,019
64$2,408,065$1,738,530$1,573,112$2,314,024
65$2,593,313$1,763,344$1,565,437$2,446,382
66$2,795,555$1,787,472$1,555,604$2,590,124
67$3,016,465$1,810,821$1,543,479$2,746,384
68$3,257,883$1,833,290$1,528,925$2,916,417
69$3,521,839$1,854,773$1,511,796$3,101,603
70$3,810,566$1,875,156$1,491,940$3,303,467
71$4,126,522$1,894,317$1,469,198$3,523,688
72$4,472,414$1,912,126$1,443,404$3,764,118
73$4,851,225$1,928,445$1,414,382$4,026,800
74$5,266,237$1,943,126$1,381,951$4,313,986
75$5,721,067$1,956,012$1,345,920$4,628,160
76$6,219,695$1,966,937$1,306,088$4,972,060
77$6,766,509$1,975,721$1,262,247$5,348,706
78$7,366,338$1,982,177$1,214,177$5,761,427
79$8,024,504$1,986,103$1,161,652$6,213,894
80$8,746,867$1,987,286$1,104,431$6,710,154
81$9,539,883$1,985,498$1,042,264$7,254,672
82$10,410,663$1,980,499$974,892$7,852,367
83$11,367,040$1,972,033$902,040$8,508,664
84$12,417,644$1,959,829$823,425$9,229,547
85$13,571,981$1,943,598$738,747$10,021,608
86$14,840,525$1,923,036$647,696$10,892,120
87$16,234,812$1,897,818$549,948$11,849,098
88$17,767,554$1,867,603$445,162$12,901,380
89$19,452,755$1,832,025$332,986$14,058,710
90$21,305,843$1,790,701$213,047$15,331,828
91$23,343,816$1,743,223$84,962$16,732,576
92$25,585,403$1,689,159$0$18,274,009
93$28,051,238$1,628,052$0$19,983,212
94$30,764,057$1,559,418$0$21,886,431
95$33,748,908$1,482,747$0$23,980,391
96$37,033,391$1,397,497$0$26,284,483
97$40,647,918$1,303,095$0$28,820,075
98$44,625,996$1,198,937$0$31,610,717
99$49,004,546$1,084,383$0$34,682,361
100$53,824,249$958,757$0$38,063,605