Can I retire at age 59 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$127,998$126,857$125,745$124,659$123,599$121,702
2 years$63,365$62,185$61,041$59,932$58,857$56,950
3 years$41,824$40,639$39,498$38,399$37,341$35,484
4 years$31,055$29,874$28,744$27,664$26,632$24,839
5 years$24,596$23,421$22,307$21,249$20,245$18,521
6 years$20,291$19,125$18,027$16,993$16,019$14,367
7 years$17,217$16,061$14,981$13,971$13,028$11,447
8 years$14,913$13,768$12,705$11,720$10,808$9,299
9 years$13,122$11,987$10,943$9,983$9,102$7,663
10 years$11,690$10,566$9,540$8,605$7,755$6,386
11 years$10,519$9,406$8,399$7,489$6,670$5,369
12 years$9,543$8,443$7,454$6,569$5,780$4,546
13 years$8,719$7,630$6,659$5,799$5,040$3,871
14 years$8,013$6,935$5,984$5,148$4,418$3,312
15 years$7,402$6,335$5,402$4,591$3,890$2,845
16 years$6,867$5,813$4,898$4,111$3,438$2,451
17 years$6,396$5,353$4,457$3,694$3,048$2,119
18 years$5,978$4,947$4,069$3,329$2,711$1,835
19 years$5,604$4,584$3,725$3,008$2,416$1,593
20 years$5,268$4,260$3,418$2,724$2,158$1,385
21 years$4,964$3,968$3,144$2,472$1,931$1,206
22 years$4,689$3,704$2,898$2,248$1,731$1,052
23 years$4,437$3,464$2,676$2,047$1,554$918
24 years$4,207$3,246$2,475$1,867$1,397$802
25 years$3,996$3,046$2,292$1,705$1,257$701
26 years$3,801$2,863$2,126$1,559$1,132$614
27 years$3,621$2,694$1,974$1,427$1,021$537
28 years$3,455$2,539$1,835$1,308$921$471
29 years$3,300$2,395$1,708$1,199$832$413
30 years$3,155$2,262$1,591$1,100$751$362
31 years$3,020$2,138$1,483$1,011$679$317
32 years$2,894$2,023$1,383$929$615$279
33 years$2,776$1,916$1,292$854$556$244
34 years$2,665$1,816$1,207$786$504$215
35 years$2,560$1,722$1,128$723$456$188
36 years$2,462$1,635$1,056$666$413$166
37 years$2,369$1,553$988$614$374$145
38 years$2,281$1,476$925$566$340$128
39 years$2,198$1,403$867$522$308$112
40 years$2,119$1,335$813$481$279$99
41 years$2,044$1,271$762$444$253$87
42 years$1,973$1,210$715$410$230$76
43 years$1,906$1,153$671$378$209$67
44 years$1,842$1,099$629$349$189$59
45 years$1,780$1,048$591$323$172$52
46 years$1,722$1,000$555$298$156$46
47 years$1,666$954$522$275$142$40
48 years$1,613$911$490$254$129$35
49 years$1,562$870$461$235$117$31
50 years$1,513$831$433$217$106$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,550,000, adding $6,782 every year, while hoping to spend $21,554 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: 65/11/24 Blend
58$1,550,000$1,550,000$1,550,000$1,550,000
59$1,715,096$1,632,946$1,608,921$1,815,468
60$1,867,102$1,690,027$1,639,886$1,941,003
61$2,033,891$1,749,182$1,671,167$2,075,116
62$2,216,947$1,810,491$1,702,750$2,221,207
63$2,417,906$1,874,036$1,734,623$2,380,454
64$2,638,570$1,939,901$1,766,770$2,554,153
65$2,880,924$2,008,177$1,799,177$2,743,732
66$3,147,155$2,078,953$1,831,826$2,950,766
67$3,439,671$2,152,328$1,864,698$3,176,985
68$3,761,126$2,228,401$1,897,774$3,424,297
69$4,114,443$2,307,275$1,931,032$3,694,803
70$4,502,844$2,389,060$1,964,449$3,990,816
71$4,929,877$2,473,866$1,998,001$4,314,886
72$5,399,451$2,561,812$2,031,661$4,669,820
73$5,915,874$2,653,020$2,065,400$5,058,710
74$6,483,890$2,747,615$2,099,188$5,484,963
75$7,108,729$2,845,730$2,132,993$5,952,331
76$7,796,151$2,947,503$2,166,780$6,464,947
77$8,552,504$3,053,076$2,200,513$7,027,366
78$9,384,781$3,162,598$2,234,151$7,644,605
79$10,300,687$3,276,224$2,267,654$8,322,191
80$11,308,714$3,394,116$2,300,977$9,066,213
81$12,418,216$3,516,441$2,334,074$9,883,381
82$13,639,502$3,643,375$2,366,893$10,781,086
83$14,983,930$3,775,099$2,399,382$11,767,472
84$16,464,015$3,911,803$2,431,486$12,851,512
85$18,093,549$4,053,685$2,463,145$14,043,092
86$19,887,726$4,200,951$2,494,295$15,353,106
87$21,863,291$4,353,814$2,524,871$16,793,555
88$24,038,695$4,512,499$2,554,802$18,377,665
89$26,434,268$4,677,238$2,584,015$20,120,006
90$29,072,414$4,848,274$2,612,430$22,036,636
91$31,977,820$5,025,858$2,639,966$24,145,245
92$35,177,687$5,210,255$2,666,534$26,465,329
93$38,701,992$5,401,739$2,692,044$29,018,366
94$42,583,766$5,600,594$2,716,398$31,828,028
95$46,859,407$5,807,120$2,739,495$34,920,395
96$51,569,024$6,021,627$2,761,226$38,324,206
97$56,756,816$6,244,439$2,781,478$42,071,131
98$62,471,487$6,475,892$2,800,134$46,196,066
99$68,766,707$6,716,339$2,817,066$50,737,465
100$75,701,618$6,966,146$2,832,145$55,737,700