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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$133,778$132,586$131,424$130,289$129,181$125,448
2 years$66,227$64,993$63,798$62,639$61,515$57,784
3 years$43,713$42,474$41,282$40,133$39,028$35,415
4 years$32,458$31,223$30,042$28,914$27,835$24,368
5 years$25,707$24,479$23,314$22,209$21,160$17,849
6 years$21,207$19,989$18,841$17,760$16,743$13,591
7 years$17,995$16,787$15,657$14,602$13,616$10,624
8 years$15,586$14,389$13,279$12,249$11,296$8,460
9 years$13,714$12,528$11,437$10,434$9,513$6,831
10 years$12,217$11,043$9,971$8,994$8,106$5,575
11 years$10,994$9,831$8,778$7,827$6,971$4,587
12 years$9,974$8,824$7,790$6,866$6,041$3,798
13 years$9,113$7,974$6,960$6,061$5,268$3,162
14 years$8,375$7,248$6,254$5,381$4,618$2,643
15 years$7,736$6,622$5,646$4,798$4,066$2,217
16 years$7,177$6,075$5,119$4,297$3,593$1,865
17 years$6,685$5,595$4,658$3,860$3,186$1,573
18 years$6,248$5,170$4,252$3,479$2,833$1,329
19 years$5,857$4,791$3,893$3,144$2,525$1,125
20 years$5,506$4,452$3,573$2,847$2,255$953
21 years$5,189$4,147$3,286$2,584$2,018$809
22 years$4,900$3,871$3,029$2,349$1,809$687
23 years$4,638$3,621$2,797$2,140$1,624$584
24 years$4,397$3,392$2,586$1,951$1,460$497
25 years$4,177$3,184$2,395$1,782$1,314$423
26 years$3,973$2,992$2,222$1,630$1,183$360
27 years$3,785$2,816$2,063$1,492$1,067$307
28 years$3,611$2,653$1,918$1,367$963$261
29 years$3,449$2,503$1,785$1,253$869$223
30 years$3,298$2,364$1,662$1,150$785$190
31 years$3,157$2,235$1,550$1,056$710$162
32 years$3,025$2,115$1,446$971$642$138
33 years$2,901$2,003$1,350$893$581$118
34 years$2,785$1,898$1,261$821$526$101
35 years$2,676$1,800$1,179$756$477$86
36 years$2,573$1,709$1,103$696$432$73
37 years$2,476$1,623$1,033$642$391$63
38 years$2,384$1,542$967$591$355$53
39 years$2,297$1,467$906$545$322$46
40 years$2,215$1,395$849$503$292$39
41 years$2,137$1,328$796$464$265$33
42 years$2,062$1,265$747$428$240$28
43 years$1,992$1,205$701$395$218$24
44 years$1,925$1,149$658$365$198$21
45 years$1,861$1,095$618$337$180$18
46 years$1,800$1,045$580$311$163$15
47 years$1,742$997$545$288$148$13
48 years$1,686$952$512$266$135$11
49 years$1,633$909$481$246$122$9
50 years$1,582$868$453$227$111$8

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 $2,399 every year, while hoping to spend $55,208 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: 58/16/26 Blend
58$1,620,000$1,620,000$1,620,000$1,620,000
59$1,787,715$1,701,855$1,676,745$1,878,646
60$1,911,321$1,726,505$1,674,175$1,965,731
61$2,045,684$1,750,512$1,669,668$2,054,569
62$2,191,844$1,773,787$1,663,102$2,150,276
63$2,350,943$1,796,234$1,654,348$2,253,530
64$2,524,240$1,817,750$1,643,269$2,365,082
65$2,713,119$1,838,226$1,629,724$2,485,761
66$2,919,102$1,857,544$1,613,565$2,616,482
67$3,143,867$1,875,581$1,594,636$2,758,252
68$3,389,259$1,892,201$1,572,774$2,912,185
69$3,657,309$1,907,265$1,547,808$3,079,512
70$3,950,255$1,920,621$1,519,559$3,261,587
71$4,270,558$1,932,108$1,487,841$3,459,908
72$4,620,929$1,941,556$1,452,458$3,676,126
73$5,004,353$1,948,782$1,413,205$3,912,064
74$5,424,117$1,953,592$1,369,868$4,169,732
75$5,883,841$1,955,782$1,322,223$4,451,350
76$6,387,511$1,955,133$1,270,035$4,759,366
77$6,939,515$1,951,413$1,213,059$5,096,481
78$7,544,689$1,944,376$1,151,040$5,465,676
79$8,208,357$1,933,760$1,083,710$5,870,236
80$8,936,384$1,919,289$1,010,788$6,313,791
81$9,735,228$1,900,667$931,983$6,800,340
82$10,612,006$1,877,585$846,989$7,334,297
83$11,574,555$1,849,710$755,487$7,920,531
84$12,631,507$1,816,694$657,144$8,564,411
85$13,792,374$1,778,164$551,611$9,271,861
86$15,067,631$1,733,729$438,525$10,049,413
87$16,468,820$1,682,973$317,506$10,904,272
88$18,008,655$1,625,454$188,158$11,844,386
89$19,701,144$1,560,708$50,068$12,878,518
90$21,561,719$1,488,241$0$14,016,333
91$23,607,380$1,407,531$0$15,295,482
92$25,856,860$1,318,026$0$16,717,303
93$28,330,794$1,219,144$0$18,280,983
94$31,051,921$1,110,268$0$20,000,951
95$34,045,291$990,746$0$21,893,108
96$37,338,507$859,888$0$23,974,979
97$40,961,979$716,967$0$26,265,878
98$44,949,216$561,214$0$28,787,094
99$49,337,138$391,815$0$31,562,086
100$54,166,427$207,914$0$34,616,711