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%11.7%
1 years$129,649$128,494$127,368$126,268$125,194$124,301
2 years$64,183$62,987$61,829$60,706$59,616$58,716
3 years$42,363$41,163$40,007$38,895$37,823$36,943
4 years$31,456$30,259$29,115$28,021$26,976$26,123
5 years$24,913$23,724$22,595$21,523$20,506$19,683
6 years$20,553$19,372$18,260$17,212$16,226$15,434
7 years$17,439$16,269$15,174$14,151$13,196$12,435
8 years$15,105$13,945$12,869$11,871$10,947$10,217
9 years$13,291$12,142$11,084$10,111$9,219$8,520
10 years$11,840$10,702$9,663$8,716$7,855$7,187
11 years$10,654$9,528$8,507$7,586$6,756$6,117
12 years$9,667$8,552$7,550$6,654$5,854$5,245
13 years$8,831$7,728$6,745$5,874$5,105$4,525
14 years$8,116$7,025$6,061$5,214$4,475$3,923
15 years$7,497$6,417$5,472$4,650$3,940$3,416
16 years$6,956$5,888$4,961$4,164$3,482$2,985
17 years$6,479$5,422$4,515$3,741$3,088$2,616
18 years$6,055$5,010$4,121$3,372$2,746$2,298
19 years$5,676$4,644$3,773$3,047$2,447$2,024
20 years$5,336$4,315$3,462$2,759$2,186$1,786
21 years$5,028$4,019$3,185$2,504$1,956$1,579
22 years$4,749$3,752$2,935$2,277$1,753$1,397
23 years$4,495$3,509$2,710$2,074$1,574$1,239
24 years$4,262$3,288$2,506$1,891$1,415$1,099
25 years$4,048$3,085$2,321$1,727$1,273$976
26 years$3,850$2,900$2,153$1,579$1,147$868
27 years$3,668$2,729$1,999$1,446$1,034$772
28 years$3,499$2,572$1,859$1,324$933$687
29 years$3,342$2,426$1,730$1,215$842$612
30 years$3,196$2,291$1,611$1,115$761$546
31 years$3,059$2,166$1,502$1,024$688$487
32 years$2,931$2,049$1,401$941$622$434
33 years$2,812$1,941$1,308$865$563$388
34 years$2,699$1,839$1,223$796$510$346
35 years$2,593$1,745$1,143$733$462$309
36 years$2,494$1,656$1,069$675$419$276
37 years$2,399$1,573$1,001$622$379$247
38 years$2,310$1,495$937$573$344$220
39 years$2,226$1,421$878$528$312$197
40 years$2,146$1,352$823$487$283$176
41 years$2,071$1,287$772$450$257$157
42 years$1,999$1,226$724$415$233$141
43 years$1,930$1,168$679$383$211$126
44 years$1,865$1,113$638$354$192$113
45 years$1,803$1,062$599$327$174$101
46 years$1,744$1,013$562$302$158$90
47 years$1,688$967$528$279$144$81
48 years$1,634$923$496$258$130$72
49 years$1,582$881$467$238$118$65
50 years$1,533$842$439$220$108$58

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 $3,982 every year, while hoping to spend $57,167 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: 46/36/18 Blend
58$1,570,000$1,570,000$1,570,000$1,570,000
59$1,734,247$1,651,037$1,626,702$1,804,948
60$1,850,315$1,671,113$1,620,372$1,874,772
61$1,976,306$1,690,256$1,611,913$1,944,431
62$2,113,172$1,708,361$1,601,194$2,018,793
63$2,261,959$1,725,315$1,588,078$2,098,323
64$2,423,820$1,740,996$1,572,420$2,183,531
65$2,600,022$1,755,277$1,554,068$2,274,983
66$2,791,959$1,768,020$1,532,864$2,373,305
67$3,001,165$1,779,080$1,508,641$2,479,190
68$3,229,330$1,788,301$1,481,227$2,593,401
69$3,478,312$1,795,518$1,450,439$2,716,787
70$3,750,158$1,800,556$1,416,086$2,850,281
71$4,047,119$1,803,228$1,377,970$2,994,920
72$4,371,675$1,803,337$1,335,882$3,151,845
73$4,726,556$1,800,670$1,289,604$3,322,322
74$5,114,767$1,795,006$1,238,908$3,507,746
75$5,539,619$1,786,106$1,183,557$3,709,663
76$6,004,754$1,773,719$1,123,300$3,929,777
77$6,514,185$1,757,578$1,057,877$4,169,974
78$7,072,333$1,737,400$987,017$4,432,337
79$7,684,064$1,712,885$910,435$4,719,168
80$8,354,736$1,683,715$827,833$5,033,007
81$9,090,255$1,649,553$738,901$5,376,663
82$9,897,122$1,610,042$643,315$5,753,236
83$10,782,499$1,564,804$540,736$6,166,152
84$11,754,274$1,513,440$430,811$6,619,194
85$12,821,137$1,455,525$313,170$7,116,537
86$13,992,659$1,390,612$187,427$7,662,793
87$15,279,385$1,318,228$53,181$8,263,054
88$16,692,931$1,237,869$0$8,922,941
89$18,246,093$1,149,008$0$9,665,960
90$19,952,967$1,051,082$0$10,493,685
91$21,829,084$943,499$0$11,403,538
92$23,891,555$825,634$0$12,403,956
93$26,159,228$696,825$0$13,504,245
94$28,652,871$556,372$0$14,714,666
95$31,395,367$403,537$0$16,046,541
96$34,411,924$237,540$0$17,512,352
97$37,730,319$57,557$0$19,125,868
98$41,381,153$0$0$20,902,274
99$45,398,146$0$0$22,912,697
100$49,818,450$0$0$25,150,271