Can I retire at age 59 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$129,649$128,494$127,368$126,268$125,194$124,197
2 years$64,183$62,987$61,829$60,706$59,616$58,611
3 years$42,363$41,163$40,007$38,895$37,823$36,841
4 years$31,456$30,259$29,115$28,021$26,976$26,024
5 years$24,913$23,724$22,595$21,523$20,506$19,589
6 years$20,553$19,372$18,260$17,212$16,226$15,343
7 years$17,439$16,269$15,174$14,151$13,196$12,348
8 years$15,105$13,945$12,869$11,871$10,947$10,134
9 years$13,291$12,142$11,084$10,111$9,219$8,441
10 years$11,840$10,702$9,663$8,716$7,855$7,112
11 years$10,654$9,528$8,507$7,586$6,756$6,046
12 years$9,667$8,552$7,550$6,654$5,854$5,178
13 years$8,831$7,728$6,745$5,874$5,105$4,461
14 years$8,116$7,025$6,061$5,214$4,475$3,863
15 years$7,497$6,417$5,472$4,650$3,940$3,358
16 years$6,956$5,888$4,961$4,164$3,482$2,930
17 years$6,479$5,422$4,515$3,741$3,088$2,565
18 years$6,055$5,010$4,121$3,372$2,746$2,250
19 years$5,676$4,644$3,773$3,047$2,447$1,979
20 years$5,336$4,315$3,462$2,759$2,186$1,744
21 years$5,028$4,019$3,185$2,504$1,956$1,539
22 years$4,749$3,752$2,935$2,277$1,753$1,360
23 years$4,495$3,509$2,710$2,074$1,574$1,204
24 years$4,262$3,288$2,506$1,891$1,415$1,067
25 years$4,048$3,085$2,321$1,727$1,273$946
26 years$3,850$2,900$2,153$1,579$1,147$840
27 years$3,668$2,729$1,999$1,446$1,034$746
28 years$3,499$2,572$1,859$1,324$933$663
29 years$3,342$2,426$1,730$1,215$842$590
30 years$3,196$2,291$1,611$1,115$761$525
31 years$3,059$2,166$1,502$1,024$688$467
32 years$2,931$2,049$1,401$941$622$416
33 years$2,812$1,941$1,308$865$563$371
34 years$2,699$1,839$1,223$796$510$330
35 years$2,593$1,745$1,143$733$462$295
36 years$2,494$1,656$1,069$675$419$263
37 years$2,399$1,573$1,001$622$379$234
38 years$2,310$1,495$937$573$344$209
39 years$2,226$1,421$878$528$312$187
40 years$2,146$1,352$823$487$283$166
41 years$2,071$1,287$772$450$257$149
42 years$1,999$1,226$724$415$233$133
43 years$1,930$1,168$679$383$211$118
44 years$1,865$1,113$638$354$192$106
45 years$1,803$1,062$599$327$174$94
46 years$1,744$1,013$562$302$158$84
47 years$1,688$967$528$279$144$75
48 years$1,634$923$496$258$130$67
49 years$1,582$881$467$238$118$60
50 years$1,533$842$439$220$108$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,570,000, adding $4,781 every year, while hoping to spend $38,465 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: 68/26/6 Blend
58$1,570,000$1,570,000$1,570,000$1,570,000
59$1,735,072$1,651,862$1,627,527$1,851,230
60$1,871,122$1,691,876$1,641,122$1,968,795
61$2,019,761$1,732,563$1,653,884$2,092,176
62$2,182,231$1,773,913$1,665,744$2,226,049
63$2,359,902$1,815,917$1,676,629$2,371,435
64$2,554,280$1,858,565$1,686,464$2,529,455
65$2,767,025$1,901,844$1,695,169$2,701,344
66$2,999,965$1,945,737$1,702,661$2,888,462
67$3,255,111$1,990,228$1,708,850$3,092,308
68$3,534,681$2,035,298$1,713,645$3,314,531
69$3,841,115$2,080,924$1,716,948$3,556,948
70$4,177,101$2,127,081$1,718,658$3,821,560
71$4,545,599$2,173,742$1,718,667$4,110,573
72$4,949,871$2,220,876$1,716,863$4,426,414
73$5,393,508$2,268,449$1,713,128$4,771,759
74$5,880,467$2,316,424$1,707,339$5,149,554
75$6,415,105$2,364,760$1,699,366$5,563,047
76$7,002,224$2,413,411$1,689,072$6,015,813
77$7,647,111$2,462,329$1,676,317$6,511,795
78$8,355,592$2,511,459$1,660,950$7,055,333
79$9,134,086$2,560,744$1,642,815$7,651,212
80$9,989,662$2,610,119$1,621,748$8,304,703
81$10,930,110$2,659,517$1,597,579$9,021,612
82$11,964,010$2,708,863$1,570,127$9,808,340
83$13,100,818$2,758,076$1,539,205$10,671,938
84$14,350,950$2,807,070$1,504,617$11,620,175
85$15,725,881$2,855,750$1,466,155$12,661,614
86$17,238,255$2,904,017$1,423,606$13,805,688
87$18,902,005$2,951,761$1,376,745$15,062,794
88$20,732,478$2,998,867$1,325,335$16,444,388
89$22,746,588$3,045,208$1,269,130$17,963,093
90$24,962,967$3,090,651$1,207,874$19,632,822
91$27,402,149$3,135,052$1,141,296$21,468,903
92$30,086,755$3,178,256$1,069,117$23,488,231
93$33,041,713$3,220,100$991,042$25,709,422
94$36,294,490$3,260,407$906,763$28,152,992
95$39,875,349$3,298,987$815,961$30,841,547
96$43,817,638$3,335,642$718,299$33,800,003
97$48,158,104$3,370,155$613,429$37,055,816
98$52,937,235$3,402,297$500,984$40,639,242
99$58,199,649$3,431,826$380,582$44,583,624
100$63,994,508$3,458,480$251,826$48,925,708