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%16.1%
1 years$126,346$125,221$124,123$123,051$122,004$118,958
2 years$62,548$61,383$60,254$59,159$58,097$55,048
3 years$41,284$40,114$38,988$37,904$36,859$33,902
4 years$30,655$29,488$28,373$27,308$26,288$23,445
5 years$24,278$23,119$22,019$20,975$19,984$17,263
6 years$20,029$18,878$17,795$16,774$15,813$13,217
7 years$16,995$15,854$14,787$13,791$12,860$10,390
8 years$14,721$13,590$12,541$11,569$10,669$8,323
9 years$12,952$11,832$10,801$9,854$8,984$6,761
10 years$11,539$10,430$9,417$8,494$7,655$5,552
11 years$10,383$9,285$8,291$7,392$6,584$4,597
12 years$9,420$8,334$7,358$6,484$5,705$3,832
13 years$8,606$7,531$6,574$5,725$4,975$3,212
14 years$7,910$6,846$5,906$5,082$4,361$2,703
15 years$7,306$6,254$5,333$4,532$3,840$2,284
16 years$6,778$5,738$4,835$4,058$3,394$1,935
17 years$6,313$5,284$4,399$3,646$3,009$1,644
18 years$5,901$4,883$4,016$3,286$2,676$1,399
19 years$5,532$4,525$3,677$2,969$2,385$1,193
20 years$5,200$4,205$3,374$2,689$2,130$1,019
21 years$4,900$3,917$3,104$2,440$1,906$871
22 years$4,628$3,656$2,860$2,219$1,709$746
23 years$4,380$3,420$2,641$2,021$1,534$639
24 years$4,153$3,204$2,443$1,843$1,379$548
25 years$3,945$3,007$2,262$1,683$1,241$470
26 years$3,752$2,826$2,098$1,539$1,117$403
27 years$3,575$2,660$1,948$1,409$1,007$346
28 years$3,410$2,506$1,811$1,291$909$298
29 years$3,257$2,364$1,686$1,184$821$256
30 years$3,114$2,233$1,570$1,086$742$220
31 years$2,981$2,111$1,464$998$671$189
32 years$2,857$1,997$1,366$917$607$163
33 years$2,740$1,891$1,275$843$549$140
34 years$2,630$1,793$1,191$776$497$120
35 years$2,527$1,700$1,114$714$450$104
36 years$2,430$1,614$1,042$658$408$89
37 years$2,338$1,533$975$606$370$77
38 years$2,252$1,457$913$559$335$66
39 years$2,170$1,385$856$515$304$57
40 years$2,092$1,318$802$475$276$49
41 years$2,018$1,254$752$438$250$42
42 years$1,948$1,195$705$404$227$36
43 years$1,881$1,138$662$373$206$31
44 years$1,818$1,085$621$345$187$27
45 years$1,757$1,035$583$318$170$23
46 years$1,700$987$548$294$154$20
47 years$1,645$942$515$272$140$17
48 years$1,592$899$484$251$127$15
49 years$1,542$859$455$232$115$13
50 years$1,494$820$428$214$105$11

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 $2,129 every year, while hoping to spend $46,322 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: 28/45/27 Blend
58$1,530,000$1,530,000$1,530,000$1,530,000
59$1,688,256$1,607,166$1,583,451$1,721,314
60$1,811,172$1,636,631$1,587,210$1,777,270
61$1,945,073$1,665,987$1,589,543$1,833,188
62$2,091,030$1,695,180$1,590,353$1,892,326
63$2,250,223$1,724,152$1,589,537$1,954,994
64$2,423,950$1,752,840$1,586,991$2,021,532
65$2,613,639$1,781,175$1,582,602$2,092,319
66$2,820,864$1,809,086$1,576,252$2,167,772
67$3,047,355$1,836,495$1,567,820$2,248,355
68$3,295,020$1,863,318$1,557,177$2,334,581
69$3,565,957$1,889,465$1,544,187$2,427,018
70$3,862,477$1,914,841$1,528,710$2,526,295
71$4,187,125$1,939,344$1,510,597$2,633,107
72$4,542,704$1,962,864$1,489,694$2,748,224
73$4,932,299$1,985,283$1,465,838$2,872,498
74$5,359,309$2,006,478$1,438,859$3,006,871
75$5,827,477$2,026,314$1,408,580$3,152,387
76$6,340,927$2,044,650$1,374,814$3,310,198
77$6,904,198$2,061,335$1,337,367$3,481,580
78$7,522,293$2,076,207$1,296,036$3,667,943
79$8,200,720$2,089,095$1,250,606$3,870,847
80$8,945,548$2,099,815$1,200,856$4,092,016
81$9,763,462$2,108,174$1,146,553$4,333,356
82$10,661,825$2,113,964$1,087,452$4,596,975
83$11,648,750$2,116,967$1,023,300$4,885,200
84$12,733,173$2,116,949$953,831$5,200,604
85$13,924,939$2,113,661$878,766$5,546,032
86$15,234,893$2,106,842$797,816$5,924,625
87$16,674,986$2,096,211$710,677$6,339,853
88$18,258,382$2,081,472$617,031$6,795,551
89$19,999,584$2,062,311$516,549$7,295,953
90$21,914,572$2,038,395$408,884$7,845,737
91$24,020,953$2,009,371$293,676$8,450,068
92$26,338,124$1,974,864$170,548$9,114,649
93$28,887,458$1,934,478$39,107$9,845,779
94$31,692,504$1,887,792$0$10,650,411
95$34,779,208$1,834,362$0$11,565,367
96$38,176,158$1,773,718$0$12,583,895
97$41,914,857$1,705,360$0$13,704,199
98$46,030,011$1,628,762$0$14,936,740
99$50,559,866$1,543,365$0$16,293,053
100$55,546,563$1,448,580$0$17,785,863