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%16.6%
1 years$133,778$132,586$131,424$130,289$129,181$125,701
2 years$66,227$64,993$63,798$62,639$61,515$58,034
3 years$43,713$42,474$41,282$40,133$39,028$35,654
4 years$32,458$31,223$30,042$28,914$27,835$24,595
5 years$25,707$24,479$23,314$22,209$21,160$18,063
6 years$21,207$19,989$18,841$17,760$16,743$13,791
7 years$17,995$16,787$15,657$14,602$13,616$10,811
8 years$15,586$14,389$13,279$12,249$11,296$8,635
9 years$13,714$12,528$11,437$10,434$9,513$6,993
10 years$12,217$11,043$9,971$8,994$8,106$5,725
11 years$10,994$9,831$8,778$7,827$6,971$4,725
12 years$9,974$8,824$7,790$6,866$6,041$3,926
13 years$9,113$7,974$6,960$6,061$5,268$3,279
14 years$8,375$7,248$6,254$5,381$4,618$2,751
15 years$7,736$6,622$5,646$4,798$4,066$2,316
16 years$7,177$6,075$5,119$4,297$3,593$1,955
17 years$6,685$5,595$4,658$3,860$3,186$1,655
18 years$6,248$5,170$4,252$3,479$2,833$1,403
19 years$5,857$4,791$3,893$3,144$2,525$1,192
20 years$5,506$4,452$3,573$2,847$2,255$1,014
21 years$5,189$4,147$3,286$2,584$2,018$864
22 years$4,900$3,871$3,029$2,349$1,809$736
23 years$4,638$3,621$2,797$2,140$1,624$628
24 years$4,397$3,392$2,586$1,951$1,460$537
25 years$4,177$3,184$2,395$1,782$1,314$459
26 years$3,973$2,992$2,222$1,630$1,183$392
27 years$3,785$2,816$2,063$1,492$1,067$335
28 years$3,611$2,653$1,918$1,367$963$287
29 years$3,449$2,503$1,785$1,253$869$246
30 years$3,298$2,364$1,662$1,150$785$210
31 years$3,157$2,235$1,550$1,056$710$180
32 years$3,025$2,115$1,446$971$642$154
33 years$2,901$2,003$1,350$893$581$132
34 years$2,785$1,898$1,261$821$526$113
35 years$2,676$1,800$1,179$756$477$97
36 years$2,573$1,709$1,103$696$432$83
37 years$2,476$1,623$1,033$642$391$71
38 years$2,384$1,542$967$591$355$61
39 years$2,297$1,467$906$545$322$52
40 years$2,215$1,395$849$503$292$45
41 years$2,137$1,328$796$464$265$39
42 years$2,062$1,265$747$428$240$33
43 years$1,992$1,205$701$395$218$28
44 years$1,925$1,149$658$365$198$24
45 years$1,861$1,095$618$337$180$21
46 years$1,800$1,045$580$311$163$18
47 years$1,742$997$545$288$148$15
48 years$1,686$952$512$266$135$13
49 years$1,633$909$481$246$122$11
50 years$1,582$868$453$227$111$10

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 $5,617 every year, while hoping to spend $46,386 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: 41/36/23 Blend
58$1,620,000$1,620,000$1,620,000$1,620,000
59$1,791,034$1,705,174$1,680,064$1,852,137
60$1,924,365$1,739,373$1,686,992$1,930,645
61$2,069,741$1,773,693$1,692,597$2,010,726
62$2,228,342$1,808,092$1,696,786$2,096,479
63$2,401,466$1,842,521$1,699,462$2,188,449
64$2,590,543$1,876,932$1,700,521$2,287,239
65$2,797,145$1,911,269$1,699,855$2,393,513
66$3,023,006$1,945,472$1,697,352$2,508,004
67$3,270,031$1,979,479$1,692,892$2,631,524
68$3,540,321$2,013,221$1,686,351$2,764,963
69$3,836,189$2,046,624$1,677,599$2,909,310
70$4,160,180$2,079,608$1,666,498$3,065,651
71$4,515,098$2,112,088$1,652,905$3,235,187
72$4,904,031$2,143,973$1,636,670$3,419,244
73$5,330,379$2,175,165$1,617,636$3,619,283
74$5,797,888$2,205,559$1,595,638$3,836,918
75$6,310,684$2,235,042$1,570,502$4,073,929
76$6,873,308$2,263,494$1,542,049$4,332,282
77$7,490,767$2,290,787$1,510,089$4,614,143
78$8,168,573$2,316,783$1,474,425$4,921,906
79$8,912,798$2,341,336$1,434,848$5,258,209
80$9,730,132$2,364,289$1,391,144$5,625,964
81$10,627,942$2,385,477$1,343,084$6,028,384
82$11,614,348$2,404,721$1,290,433$6,469,014
83$12,698,291$2,421,831$1,232,942$6,951,764
84$13,889,623$2,436,608$1,170,352$7,480,947
85$15,199,199$2,448,836$1,102,393$8,061,323
86$16,638,976$2,458,287$1,028,782$8,698,141
87$18,222,128$2,464,720$949,223$9,397,192
88$19,963,170$2,467,876$863,406$10,164,864
89$21,878,093$2,467,482$771,010$11,008,201
90$23,984,517$2,463,246$671,697$11,934,976
91$26,301,853$2,454,862$565,115$12,953,758
92$28,851,493$2,442,000$450,897$14,074,002
93$31,657,001$2,424,314$328,658$15,306,132
94$34,744,344$2,401,435$197,997$16,661,648
95$38,142,134$2,372,972$58,497$18,153,228
96$41,881,896$2,338,511$0$19,794,858
97$45,998,365$2,297,614$0$21,624,136
98$50,529,816$2,249,815$0$23,652,650
99$55,518,423$2,194,622$0$25,884,897
100$61,010,656$2,131,513$0$28,341,677