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%16.3%
1 years$129,649$128,494$127,368$126,268$125,194$121,970
2 years$64,183$62,987$61,829$60,706$59,616$56,389
3 years$42,363$41,163$40,007$38,895$37,823$34,694
4 years$31,456$30,259$29,115$28,021$26,976$23,969
5 years$24,913$23,724$22,595$21,523$20,506$17,631
6 years$20,553$19,372$18,260$17,212$16,226$13,484
7 years$17,439$16,269$15,174$14,151$13,196$10,588
8 years$15,105$13,945$12,869$11,871$10,947$8,471
9 years$13,291$12,142$11,084$10,111$9,219$6,874
10 years$11,840$10,702$9,663$8,716$7,855$5,637
11 years$10,654$9,528$8,507$7,586$6,756$4,662
12 years$9,667$8,552$7,550$6,654$5,854$3,881
13 years$8,831$7,728$6,745$5,874$5,105$3,248
14 years$8,116$7,025$6,061$5,214$4,475$2,730
15 years$7,497$6,417$5,472$4,650$3,940$2,303
16 years$6,956$5,888$4,961$4,164$3,482$1,949
17 years$6,479$5,422$4,515$3,741$3,088$1,653
18 years$6,055$5,010$4,121$3,372$2,746$1,405
19 years$5,676$4,644$3,773$3,047$2,447$1,196
20 years$5,336$4,315$3,462$2,759$2,186$1,020
21 years$5,028$4,019$3,185$2,504$1,956$871
22 years$4,749$3,752$2,935$2,277$1,753$744
23 years$4,495$3,509$2,710$2,074$1,574$636
24 years$4,262$3,288$2,506$1,891$1,415$545
25 years$4,048$3,085$2,321$1,727$1,273$467
26 years$3,850$2,900$2,153$1,579$1,147$400
27 years$3,668$2,729$1,999$1,446$1,034$343
28 years$3,499$2,572$1,859$1,324$933$294
29 years$3,342$2,426$1,730$1,215$842$252
30 years$3,196$2,291$1,611$1,115$761$217
31 years$3,059$2,166$1,502$1,024$688$186
32 years$2,931$2,049$1,401$941$622$160
33 years$2,812$1,941$1,308$865$563$137
34 years$2,699$1,839$1,223$796$510$118
35 years$2,593$1,745$1,143$733$462$101
36 years$2,494$1,656$1,069$675$419$87
37 years$2,399$1,573$1,001$622$379$75
38 years$2,310$1,495$937$573$344$64
39 years$2,226$1,421$878$528$312$55
40 years$2,146$1,352$823$487$283$47
41 years$2,071$1,287$772$450$257$41
42 years$1,999$1,226$724$415$233$35
43 years$1,930$1,168$679$383$211$30
44 years$1,865$1,113$638$354$192$26
45 years$1,803$1,062$599$327$174$22
46 years$1,744$1,013$562$302$158$19
47 years$1,688$967$528$279$144$16
48 years$1,634$923$496$258$130$14
49 years$1,582$881$467$238$118$12
50 years$1,533$842$439$220$108$10

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 $5,713 every year, while hoping to spend $20,917 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: 40/39/21 Blend
58$1,570,000$1,570,000$1,570,000$1,570,000
59$1,736,033$1,652,823$1,628,488$1,794,474
60$1,890,853$1,711,556$1,660,787$1,895,641
61$2,060,763$1,772,465$1,693,467$2,002,596
62$2,247,281$1,835,637$1,726,518$2,117,879
63$2,452,078$1,901,157$1,759,931$2,242,260
64$2,676,995$1,969,119$1,793,693$2,376,587
65$2,924,060$2,039,617$1,827,793$2,521,788
66$3,195,507$2,112,751$1,862,217$2,678,888
67$3,493,797$2,188,624$1,896,950$2,849,009
68$3,821,642$2,267,344$1,931,975$3,033,388
69$4,182,028$2,349,022$1,967,275$3,233,383
70$4,578,247$2,433,776$2,002,830$3,450,489
71$5,013,924$2,521,727$2,038,621$3,686,349
72$5,493,054$2,613,002$2,074,625$3,942,771
73$6,020,038$2,707,732$2,110,818$4,221,744
74$6,599,726$2,806,054$2,147,174$4,525,456
75$7,237,459$2,908,113$2,183,666$4,856,314
76$7,939,125$3,014,055$2,220,263$5,216,969
77$8,711,210$3,124,037$2,256,936$5,610,335
78$9,560,859$3,238,221$2,293,649$6,039,621
79$10,495,947$3,356,775$2,330,367$6,508,361
80$11,525,151$3,479,874$2,367,051$7,020,441
81$12,658,030$3,607,701$2,403,661$7,580,142
82$13,905,117$3,740,447$2,440,152$8,192,176
83$15,278,021$3,878,311$2,476,479$8,861,731
84$16,789,530$4,021,499$2,512,592$9,594,517
85$18,453,738$4,170,228$2,548,440$10,396,825
86$20,286,172$4,324,722$2,583,965$11,275,580
87$22,303,945$4,485,216$2,619,111$12,238,407
88$24,525,911$4,651,955$2,653,815$13,293,704
89$26,972,846$4,825,194$2,688,010$14,450,720
90$29,667,646$5,005,198$2,721,628$15,719,641
91$32,635,537$5,192,244$2,754,594$17,111,684
92$35,904,320$5,386,622$2,786,831$18,639,205
93$39,504,628$5,588,634$2,818,257$20,315,813
94$43,470,216$5,798,593$2,848,785$22,156,496
95$47,838,282$6,016,828$2,878,323$24,177,767
96$52,649,815$6,243,680$2,906,775$26,397,813
97$57,949,983$6,479,507$2,934,038$28,836,666
98$63,788,559$6,724,681$2,960,007$31,516,398
99$70,220,392$6,979,591$2,984,567$34,461,319
100$77,305,923$7,244,641$3,007,601$37,698,212