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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$127,998$126,857$125,745$124,659$123,599$121,302
2 years$63,365$62,185$61,041$59,932$58,857$56,551
3 years$41,824$40,639$39,498$38,399$37,341$35,099
4 years$31,055$29,874$28,744$27,664$26,632$24,470
5 years$24,596$23,421$22,307$21,249$20,245$18,170
6 years$20,291$19,125$18,027$16,993$16,019$14,033
7 years$17,217$16,061$14,981$13,971$13,028$11,131
8 years$14,913$13,768$12,705$11,720$10,808$9,000
9 years$13,122$11,987$10,943$9,983$9,102$7,382
10 years$11,690$10,566$9,540$8,605$7,755$6,122
11 years$10,519$9,406$8,399$7,489$6,670$5,121
12 years$9,543$8,443$7,454$6,569$5,780$4,313
13 years$8,719$7,630$6,659$5,799$5,040$3,654
14 years$8,013$6,935$5,984$5,148$4,418$3,109
15 years$7,402$6,335$5,402$4,591$3,890$2,656
16 years$6,867$5,813$4,898$4,111$3,438$2,276
17 years$6,396$5,353$4,457$3,694$3,048$1,956
18 years$5,978$4,947$4,069$3,329$2,711$1,684
19 years$5,604$4,584$3,725$3,008$2,416$1,454
20 years$5,268$4,260$3,418$2,724$2,158$1,256
21 years$4,964$3,968$3,144$2,472$1,931$1,087
22 years$4,689$3,704$2,898$2,248$1,731$942
23 years$4,437$3,464$2,676$2,047$1,554$817
24 years$4,207$3,246$2,475$1,867$1,397$710
25 years$3,996$3,046$2,292$1,705$1,257$617
26 years$3,801$2,863$2,126$1,559$1,132$536
27 years$3,621$2,694$1,974$1,427$1,021$467
28 years$3,455$2,539$1,835$1,308$921$406
29 years$3,300$2,395$1,708$1,199$832$354
30 years$3,155$2,262$1,591$1,100$751$308
31 years$3,020$2,138$1,483$1,011$679$268
32 years$2,894$2,023$1,383$929$615$234
33 years$2,776$1,916$1,292$854$556$204
34 years$2,665$1,816$1,207$786$504$178
35 years$2,560$1,722$1,128$723$456$155
36 years$2,462$1,635$1,056$666$413$135
37 years$2,369$1,553$988$614$374$118
38 years$2,281$1,476$925$566$340$103
39 years$2,198$1,403$867$522$308$90
40 years$2,119$1,335$813$481$279$79
41 years$2,044$1,271$762$444$253$69
42 years$1,973$1,210$715$410$230$60
43 years$1,906$1,153$671$378$209$52
44 years$1,842$1,099$629$349$189$46
45 years$1,780$1,048$591$323$172$40
46 years$1,722$1,000$555$298$156$35
47 years$1,666$954$522$275$142$30
48 years$1,613$911$490$254$129$26
49 years$1,562$870$461$235$117$23
50 years$1,513$831$433$217$106$20

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 $2,576 every year, while hoping to spend $44,515 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: 52/38/10 Blend
58$1,550,000$1,550,000$1,550,000$1,550,000
59$1,710,757$1,628,607$1,604,582$1,795,162
60$1,837,891$1,661,045$1,610,972$1,885,357
61$1,976,500$1,693,581$1,616,084$1,978,396
62$2,127,709$1,726,172$1,619,828$2,078,538
63$2,292,753$1,758,772$1,622,111$2,186,465
64$2,472,994$1,791,333$1,622,832$2,302,927
65$2,669,931$1,823,800$1,621,888$2,428,751
66$2,885,214$1,856,115$1,619,171$2,564,848
67$3,120,658$1,888,217$1,614,566$2,712,222
68$3,378,263$1,920,039$1,607,952$2,871,981
69$3,660,233$1,951,507$1,599,205$3,045,344
70$3,968,991$1,982,545$1,588,193$3,233,657
71$4,307,208$2,013,069$1,574,777$3,438,402
72$4,677,824$2,042,991$1,558,813$3,661,215
73$5,084,079$2,072,214$1,540,150$3,903,898
74$5,529,538$2,100,636$1,518,629$4,168,437
75$6,018,132$2,128,148$1,494,083$4,457,023
76$6,554,186$2,154,632$1,466,340$4,772,072
77$7,142,467$2,179,963$1,435,216$5,116,245
78$7,788,225$2,204,008$1,400,523$5,492,479
79$8,497,244$2,226,624$1,362,059$5,904,011
80$9,275,892$2,247,658$1,319,618$6,354,407
81$10,131,189$2,266,949$1,272,981$6,847,604
82$11,070,864$2,284,323$1,221,920$7,387,939
83$12,103,434$2,299,597$1,166,196$7,980,194
84$13,238,282$2,312,575$1,105,561$8,629,642
85$14,485,743$2,323,048$1,039,754$9,342,096
86$15,857,206$2,330,794$968,503$10,123,967
87$17,365,217$2,335,579$891,524$10,982,319
88$19,023,598$2,337,151$808,518$11,924,944
89$20,847,578$2,335,245$719,177$12,960,432
90$22,853,937$2,329,577$623,175$14,098,250
91$25,061,162$2,319,850$520,175$15,348,839
92$27,489,621$2,305,743$409,821$16,723,707
93$30,161,758$2,286,920$291,746$18,235,544
94$33,102,301$2,263,023$165,563$19,898,338
95$36,338,497$2,233,672$30,871$21,727,509
96$39,900,367$2,198,466$0$23,740,057
97$43,820,992$2,156,978$0$25,966,767
98$48,136,820$2,108,757$0$28,420,554
99$52,888,014$2,053,325$0$31,120,945
100$58,118,829$1,990,175$0$34,093,097