Can I retire at age 59 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$133,778$132,586$131,424$130,289$129,181$126,728
2 years$66,227$64,993$63,798$62,639$61,515$59,053
3 years$43,713$42,474$41,282$40,133$39,028$36,634
4 years$32,458$31,223$30,042$28,914$27,835$25,528
5 years$25,707$24,479$23,314$22,209$21,160$18,945
6 years$21,207$19,989$18,841$17,760$16,743$14,624
7 years$17,995$16,787$15,657$14,602$13,616$11,593
8 years$15,586$14,389$13,279$12,249$11,296$9,369
9 years$13,714$12,528$11,437$10,434$9,513$7,680
10 years$12,217$11,043$9,971$8,994$8,106$6,365
11 years$10,994$9,831$8,778$7,827$6,971$5,321
12 years$9,974$8,824$7,790$6,866$6,041$4,479
13 years$9,113$7,974$6,960$6,061$5,268$3,791
14 years$8,375$7,248$6,254$5,381$4,618$3,224
15 years$7,736$6,622$5,646$4,798$4,066$2,752
16 years$7,177$6,075$5,119$4,297$3,593$2,357
17 years$6,685$5,595$4,658$3,860$3,186$2,024
18 years$6,248$5,170$4,252$3,479$2,833$1,742
19 years$5,857$4,791$3,893$3,144$2,525$1,502
20 years$5,506$4,452$3,573$2,847$2,255$1,297
21 years$5,189$4,147$3,286$2,584$2,018$1,122
22 years$4,900$3,871$3,029$2,349$1,809$971
23 years$4,638$3,621$2,797$2,140$1,624$842
24 years$4,397$3,392$2,586$1,951$1,460$730
25 years$4,177$3,184$2,395$1,782$1,314$634
26 years$3,973$2,992$2,222$1,630$1,183$551
27 years$3,785$2,816$2,063$1,492$1,067$479
28 years$3,611$2,653$1,918$1,367$963$417
29 years$3,449$2,503$1,785$1,253$869$362
30 years$3,298$2,364$1,662$1,150$785$316
31 years$3,157$2,235$1,550$1,056$710$275
32 years$3,025$2,115$1,446$971$642$239
33 years$2,901$2,003$1,350$893$581$208
34 years$2,785$1,898$1,261$821$526$182
35 years$2,676$1,800$1,179$756$477$158
36 years$2,573$1,709$1,103$696$432$138
37 years$2,476$1,623$1,033$642$391$120
38 years$2,384$1,542$967$591$355$105
39 years$2,297$1,467$906$545$322$91
40 years$2,215$1,395$849$503$292$80
41 years$2,137$1,328$796$464$265$70
42 years$2,062$1,265$747$428$240$61
43 years$1,992$1,205$701$395$218$53
44 years$1,925$1,149$658$365$198$46
45 years$1,861$1,095$618$337$180$40
46 years$1,800$1,045$580$311$163$35
47 years$1,742$997$545$288$148$31
48 years$1,686$952$512$266$135$27
49 years$1,633$909$481$246$122$23
50 years$1,582$868$453$227$111$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,620,000, adding $3,491 every year, while hoping to spend $27,707 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: 39/32/29 Blend
58$1,620,000$1,620,000$1,620,000$1,620,000
59$1,788,841$1,702,981$1,677,871$1,843,113
60$1,941,823$1,756,947$1,704,600$1,937,144
61$2,109,480$1,812,629$1,731,295$2,035,952
62$2,293,280$1,870,081$1,757,927$2,142,276
63$2,494,840$1,929,360$1,784,463$2,256,819
64$2,715,940$1,990,525$1,810,869$2,380,356
65$2,958,541$2,053,636$1,837,108$2,513,739
66$3,224,803$2,118,755$1,863,141$2,657,905
67$3,517,105$2,185,946$1,888,929$2,813,887
68$3,838,068$2,255,275$1,914,426$2,982,820
69$4,190,579$2,326,812$1,939,588$3,165,955
70$4,577,819$2,400,626$1,964,364$3,364,667
71$5,003,291$2,476,791$1,988,705$3,580,471
72$5,470,854$2,555,382$2,012,554$3,815,035
73$5,984,762$2,636,477$2,035,856$4,070,196
74$6,549,699$2,720,155$2,058,548$4,347,975
75$7,170,826$2,806,500$2,080,567$4,650,600
76$7,853,829$2,895,598$2,101,844$4,980,523
77$8,604,973$2,987,535$2,122,310$5,340,444
78$9,431,160$3,082,405$2,141,887$5,733,339
79$10,339,996$3,180,300$2,160,498$6,162,484
80$11,339,859$3,281,318$2,178,058$6,631,487
81$12,439,981$3,385,559$2,194,479$7,144,323
82$13,650,535$3,493,127$2,209,670$7,705,372
83$14,982,727$3,604,129$2,223,532$8,319,457
84$16,448,909$3,718,674$2,235,964$8,991,893
85$18,062,686$3,836,877$2,246,857$9,728,533
86$19,839,052$3,958,856$2,256,099$10,535,827
87$21,794,527$4,084,733$2,263,570$11,420,880
88$23,947,316$4,214,631$2,269,146$12,391,521
89$26,317,476$4,348,682$2,272,697$13,456,374
90$28,927,109$4,487,018$2,274,083$14,624,944
91$31,800,571$4,629,779$2,273,161$15,907,699
92$34,964,697$4,777,106$2,269,780$17,316,177
93$38,449,058$4,929,146$2,263,780$18,863,088
94$42,286,240$5,086,053$2,254,995$20,562,438
95$46,512,150$5,247,982$2,243,250$22,429,659
96$51,166,352$5,415,096$2,228,362$24,481,756
97$56,292,447$5,587,563$2,210,139$26,737,466
98$61,938,478$5,765,555$2,188,380$29,217,435
99$68,157,387$5,949,251$2,162,875$31,944,413
100$75,007,511$6,138,835$2,133,402$34,943,468