Can I retire at age 59 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$131,301$130,131$128,990$127,876$126,789$122,436
2 years$65,000$63,790$62,617$61,479$60,376$56,035
3 years$42,903$41,687$40,517$39,390$38,305$34,112
4 years$31,857$30,645$29,486$28,378$27,319$23,307
5 years$25,231$24,026$22,882$21,797$20,768$16,946
6 years$20,815$19,619$18,492$17,432$16,433$12,805
7 years$17,662$16,476$15,367$14,331$13,364$9,929
8 years$15,298$14,123$13,033$12,022$11,087$7,843
9 years$13,460$12,296$11,225$10,240$9,337$6,279
10 years$11,991$10,839$9,786$8,827$7,955$5,079
11 years$10,790$9,649$8,616$7,682$6,842$4,141
12 years$9,790$8,661$7,646$6,738$5,929$3,397
13 years$8,944$7,827$6,831$5,949$5,170$2,801
14 years$8,220$7,114$6,138$5,281$4,532$2,319
15 years$7,593$6,499$5,542$4,710$3,991$1,926
16 years$7,044$5,963$5,024$4,217$3,527$1,604
17 years$6,561$5,491$4,572$3,789$3,127$1,339
18 years$6,132$5,074$4,174$3,415$2,781$1,120
19 years$5,749$4,703$3,821$3,085$2,478$938
20 years$5,404$4,370$3,507$2,794$2,214$786
21 years$5,092$4,071$3,225$2,536$1,981$660
22 years$4,810$3,800$2,973$2,306$1,776$554
23 years$4,552$3,554$2,745$2,100$1,594$466
24 years$4,316$3,330$2,538$1,915$1,433$392
25 years$4,099$3,125$2,351$1,749$1,289$330
26 years$3,900$2,937$2,180$1,599$1,161$278
27 years$3,715$2,764$2,025$1,464$1,047$234
28 years$3,544$2,604$1,882$1,341$945$197
29 years$3,385$2,457$1,752$1,230$853$166
30 years$3,237$2,320$1,632$1,129$771$140
31 years$3,098$2,193$1,521$1,037$697$118
32 years$2,969$2,075$1,419$953$630$100
33 years$2,847$1,965$1,325$876$570$84
34 years$2,734$1,863$1,238$806$517$71
35 years$2,626$1,767$1,158$742$468$60
36 years$2,525$1,677$1,083$683$424$50
37 years$2,430$1,593$1,014$630$384$42
38 years$2,340$1,514$949$580$348$36
39 years$2,255$1,439$889$535$316$30
40 years$2,174$1,369$833$494$286$26
41 years$2,097$1,304$782$455$260$22
42 years$2,024$1,241$733$420$236$18
43 years$1,955$1,183$688$388$214$15
44 years$1,889$1,128$646$358$194$13
45 years$1,826$1,075$606$331$176$11
46 years$1,766$1,026$569$306$160$9
47 years$1,709$979$535$282$145$8
48 years$1,655$934$503$261$132$7
49 years$1,602$892$473$241$120$6
50 years$1,552$852$444$223$109$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,590,000, adding $6,680 every year, while hoping to spend $42,043 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: 47/45/8 Blend
58$1,590,000$1,590,000$1,590,000$1,590,000
59$1,759,070$1,674,800$1,650,155$1,837,617
60$1,893,762$1,712,132$1,660,702$1,929,625
61$2,040,783$1,749,884$1,670,193$2,024,481
62$2,201,347$1,788,032$1,678,549$2,126,448
63$2,376,789$1,826,551$1,685,685$2,236,198
64$2,568,580$1,865,410$1,691,513$2,354,472
65$2,778,338$1,904,578$1,695,942$2,482,085
66$3,007,846$1,944,020$1,698,874$2,619,937
67$3,259,067$1,983,697$1,700,206$2,769,017
68$3,534,161$2,023,568$1,699,833$2,930,417
69$3,835,509$2,063,586$1,697,640$3,105,338
70$4,165,732$2,103,703$1,693,512$3,295,104
71$4,527,716$2,143,863$1,687,324$3,501,176
72$4,924,640$2,184,010$1,678,947$3,725,162
73$5,360,006$2,224,079$1,668,244$3,968,834
74$5,837,671$2,264,003$1,655,074$4,234,146
75$6,361,882$2,303,708$1,639,288$4,523,251
76$6,937,319$2,343,115$1,620,729$4,838,523
77$7,569,136$2,382,138$1,599,234$5,182,579
78$8,263,011$2,420,685$1,574,632$5,558,300
79$9,025,198$2,458,660$1,546,742$5,968,866
80$9,862,589$2,495,954$1,515,379$6,417,781
81$10,782,773$2,532,456$1,480,344$6,908,906
82$11,794,114$2,568,044$1,441,433$7,446,498
83$12,905,823$2,602,588$1,398,431$8,035,250
84$14,128,051$2,635,949$1,351,112$8,680,336
85$15,471,980$2,667,978$1,299,243$9,387,457
86$16,949,931$2,698,518$1,242,575$10,162,899
87$18,575,476$2,727,397$1,180,854$11,013,593
88$20,363,571$2,754,436$1,113,809$11,947,176
89$22,330,694$2,779,442$1,041,160$12,972,069
90$24,494,999$2,802,210$962,614$14,097,555
91$26,876,491$2,822,520$877,864$15,333,865
92$29,497,210$2,840,140$786,589$16,692,278
93$32,381,441$2,854,822$688,455$18,185,230
94$35,555,941$2,866,302$583,112$19,826,425
95$39,050,196$2,874,300$470,195$21,630,973
96$42,896,693$2,878,518$349,323$23,615,528
97$47,131,229$2,878,638$220,099$25,798,449
98$51,793,248$2,874,325$82,106$28,199,972
99$56,926,214$2,865,222$0$30,842,407
100$62,578,020$2,850,950$0$33,755,902