Can I retire at age 59 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$130,475$129,313$128,179$127,072$125,991$121,473
2 years$64,592$63,389$62,223$61,092$59,996$55,492
3 years$42,633$41,425$40,262$39,142$38,064$33,717
4 years$31,656$30,452$29,301$28,200$27,147$22,990
5 years$25,072$23,875$22,738$21,660$20,637$16,681
6 years$20,684$19,495$18,376$17,322$16,329$12,577
7 years$17,550$16,372$15,271$14,241$13,280$9,730
8 years$15,202$14,034$12,951$11,947$11,017$7,667
9 years$13,376$12,219$11,154$10,176$9,278$6,123
10 years$11,916$10,771$9,725$8,772$7,905$4,940
11 years$10,722$9,588$8,561$7,634$6,799$4,018
12 years$9,728$8,606$7,598$6,696$5,892$3,288
13 years$8,888$7,777$6,788$5,912$5,138$2,703
14 years$8,168$7,069$6,099$5,248$4,504$2,232
15 years$7,545$6,458$5,507$4,680$3,965$1,849
16 years$7,000$5,925$4,993$4,190$3,505$1,535
17 years$6,520$5,457$4,543$3,765$3,107$1,278
18 years$6,093$5,042$4,147$3,393$2,763$1,065
19 years$5,712$4,673$3,797$3,066$2,463$889
20 years$5,370$4,343$3,484$2,777$2,200$743
21 years$5,060$4,045$3,205$2,520$1,969$622
22 years$4,779$3,776$2,954$2,291$1,765$521
23 years$4,523$3,531$2,727$2,087$1,584$436
24 years$4,289$3,309$2,522$1,903$1,424$366
25 years$4,073$3,105$2,336$1,738$1,281$307
26 years$3,875$2,918$2,167$1,589$1,154$258
27 years$3,692$2,746$2,012$1,455$1,040$216
28 years$3,521$2,588$1,870$1,333$939$182
29 years$3,363$2,441$1,741$1,222$848$153
30 years$3,216$2,306$1,621$1,122$766$128
31 years$3,079$2,180$1,512$1,030$692$108
32 years$2,950$2,062$1,410$947$626$91
33 years$2,830$1,953$1,317$871$567$76
34 years$2,716$1,851$1,230$801$513$64
35 years$2,610$1,756$1,150$737$465$54
36 years$2,509$1,666$1,076$679$421$45
37 years$2,415$1,583$1,007$626$382$38
38 years$2,325$1,504$943$577$346$32
39 years$2,240$1,430$884$532$314$27
40 years$2,160$1,361$828$491$285$23
41 years$2,084$1,295$777$453$258$19
42 years$2,012$1,234$728$418$234$16
43 years$1,943$1,175$684$386$213$13
44 years$1,877$1,120$642$356$193$11
45 years$1,815$1,068$603$329$175$10
46 years$1,755$1,019$566$304$159$8
47 years$1,699$973$532$281$144$7
48 years$1,644$929$500$259$131$6
49 years$1,592$887$470$240$119$5
50 years$1,543$847$441$221$108$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,580,000, adding $3,377 every year, while hoping to spend $30,603 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: 51/41/8 Blend
58$1,580,000$1,580,000$1,580,000$1,580,000
59$1,744,643$1,660,903$1,636,413$1,829,901
60$1,890,036$1,709,726$1,658,672$1,937,148
61$2,049,232$1,759,916$1,680,650$2,050,100
62$2,223,609$1,811,507$1,702,307$2,172,161
63$2,414,681$1,864,534$1,723,598$2,304,196
64$2,624,116$1,919,034$1,744,477$2,447,153
65$2,853,753$1,975,044$1,764,893$2,602,078
66$3,105,615$2,032,600$1,784,796$2,770,119
67$3,381,931$2,091,741$1,804,131$2,952,541
68$3,685,157$2,152,506$1,822,838$3,150,736
69$4,017,998$2,214,933$1,840,858$3,366,237
70$4,383,432$2,279,064$1,858,126$3,600,730
71$4,784,743$2,344,938$1,874,573$3,856,070
72$5,225,544$2,412,597$1,890,129$4,134,303
73$5,709,819$2,482,084$1,904,717$4,437,678
74$6,241,954$2,553,440$1,918,259$4,768,673
75$6,826,785$2,626,710$1,930,672$5,130,017
76$7,469,634$2,701,936$1,941,867$5,524,713
77$8,176,370$2,779,164$1,951,753$5,956,071
78$8,953,455$2,858,438$1,960,232$6,427,734
79$9,808,010$2,939,805$1,967,202$6,943,717
80$10,747,881$3,023,309$1,972,557$7,508,438
81$11,781,711$3,108,997$1,976,185$8,126,768
82$12,919,025$3,196,918$1,977,966$8,804,069
83$14,170,316$3,287,117$1,977,778$9,546,249
84$15,547,145$3,379,642$1,975,490$10,359,817
85$17,062,251$3,474,542$1,970,967$11,251,940
86$18,729,672$3,571,866$1,964,065$12,230,517
87$20,564,871$3,671,660$1,954,635$13,304,249
88$22,584,892$3,773,975$1,942,519$14,482,721
89$24,808,510$3,878,860$1,927,552$15,776,494
90$27,256,417$3,986,362$1,909,563$17,197,203
91$29,951,409$4,096,531$1,888,371$18,757,668
92$32,918,607$4,209,416$1,863,787$20,472,011
93$36,185,693$4,325,065$1,835,611$22,355,795
94$39,783,167$4,443,527$1,803,638$24,426,167
95$43,744,639$4,564,849$1,767,649$26,702,018
96$48,107,145$4,689,078$1,727,417$29,204,164
97$52,911,493$4,816,263$1,682,705$31,955,542
98$58,202,654$4,946,448$1,633,264$34,981,425
99$64,030,180$5,079,680$1,578,834$38,309,662
100$70,448,675$5,216,001$1,519,142$41,970,937