Can I retire at age 59 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$134,604$133,405$132,235$131,093$129,978$126,733
2 years$66,636$65,395$64,192$63,026$61,895$58,646
3 years$43,982$42,736$41,536$40,381$39,268$36,117
4 years$32,658$31,416$30,228$29,092$28,007$24,978
5 years$25,865$24,630$23,458$22,346$21,290$18,392
6 years$21,338$20,112$18,958$17,870$16,846$14,081
7 years$18,106$16,890$15,754$14,692$13,700$11,069
8 years$15,683$14,478$13,361$12,325$11,366$8,867
9 years$13,799$12,606$11,507$10,498$9,572$7,203
10 years$12,293$11,111$10,032$9,049$8,156$5,915
11 years$11,061$9,892$8,832$7,876$7,014$4,898
12 years$10,036$8,878$7,839$6,908$6,078$4,083
13 years$9,169$8,023$7,003$6,099$5,300$3,422
14 years$8,426$7,293$6,292$5,414$4,646$2,880
15 years$7,784$6,662$5,681$4,828$4,091$2,433
16 years$7,222$6,113$5,151$4,323$3,616$2,062
17 years$6,726$5,629$4,687$3,884$3,206$1,751
18 years$6,286$5,202$4,279$3,500$2,850$1,491
19 years$5,893$4,821$3,917$3,163$2,541$1,271
20 years$5,540$4,480$3,595$2,865$2,269$1,085
21 years$5,221$4,173$3,306$2,600$2,031$928
22 years$4,931$3,895$3,047$2,364$1,820$794
23 years$4,666$3,643$2,814$2,153$1,634$680
24 years$4,425$3,413$2,602$1,964$1,469$583
25 years$4,202$3,203$2,410$1,793$1,322$501
26 years$3,998$3,011$2,235$1,640$1,190$430
27 years$3,808$2,833$2,076$1,501$1,073$369
28 years$3,633$2,670$1,930$1,375$968$317
29 years$3,470$2,519$1,796$1,261$875$272
30 years$3,318$2,379$1,673$1,157$790$234
31 years$3,176$2,249$1,559$1,063$714$201
32 years$3,043$2,128$1,455$977$646$173
33 years$2,919$2,015$1,358$898$585$149
34 years$2,802$1,910$1,269$826$529$128
35 years$2,692$1,811$1,187$761$480$110
36 years$2,589$1,719$1,110$701$435$95
37 years$2,491$1,633$1,039$646$394$82
38 years$2,399$1,552$973$595$357$70
39 years$2,311$1,476$912$549$324$61
40 years$2,228$1,404$854$506$294$52
41 years$2,150$1,336$801$467$266$45
42 years$2,075$1,273$752$431$242$39
43 years$2,004$1,213$705$398$219$33
44 years$1,937$1,156$662$367$199$29
45 years$1,872$1,102$622$339$181$25
46 years$1,811$1,052$584$313$164$21
47 years$1,752$1,003$548$289$149$18
48 years$1,696$958$515$267$135$16
49 years$1,643$915$484$247$123$14
50 years$1,591$874$455$228$112$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,630,000, adding $5,233 every year, while hoping to spend $33,251 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: 46/27/27 Blend
58$1,630,000$1,630,000$1,630,000$1,630,000
59$1,801,658$1,715,268$1,690,003$1,870,325
60$1,950,048$1,763,937$1,711,239$1,968,079
61$2,112,460$1,813,877$1,732,072$2,070,444
62$2,290,288$1,865,114$1,752,454$2,180,867
63$2,485,069$1,917,676$1,772,333$2,300,122
64$2,698,494$1,971,591$1,791,654$2,429,058
65$2,932,427$2,026,885$1,810,361$2,568,612
66$3,188,920$2,083,588$1,828,394$2,719,815
67$3,470,233$2,141,727$1,845,688$2,883,804
68$3,778,855$2,201,330$1,862,177$3,061,829
69$4,117,529$2,262,425$1,877,790$3,255,269
70$4,489,274$2,325,041$1,892,453$3,465,642
71$4,897,417$2,389,205$1,906,087$3,694,620
72$5,345,623$2,454,946$1,918,611$3,944,048
73$5,837,929$2,522,291$1,929,937$4,215,954
74$6,378,783$2,591,268$1,939,975$4,512,577
75$6,973,083$2,661,905$1,948,629$4,836,380
76$7,626,228$2,734,228$1,955,798$5,190,079
77$8,344,162$2,808,265$1,961,377$5,576,668
78$9,133,438$2,884,041$1,965,254$5,999,442
79$10,001,273$2,961,583$1,967,314$6,462,037
80$10,955,618$3,040,916$1,967,434$6,968,455
81$12,005,233$3,122,063$1,965,485$7,523,109
82$13,159,772$3,205,049$1,961,334$8,130,862
83$14,429,869$3,289,897$1,954,839$8,797,071
84$15,827,242$3,376,628$1,945,852$9,527,641
85$17,364,801$3,465,263$1,934,219$10,329,081
86$19,056,771$3,555,821$1,919,775$11,208,560
87$20,918,825$3,648,320$1,902,352$12,173,982
88$22,968,235$3,742,777$1,881,770$13,234,057
89$25,224,029$3,839,207$1,857,843$14,398,383
90$27,707,174$3,937,623$1,830,375$15,677,538
91$30,440,774$4,038,035$1,799,161$17,083,179
92$33,450,287$4,140,452$1,763,987$18,628,156
93$36,763,763$4,244,882$1,724,628$20,326,626
94$40,412,113$4,351,327$1,680,849$22,194,194
95$44,429,396$4,459,789$1,632,404$24,248,058
96$48,853,142$4,570,266$1,579,037$26,507,170
97$53,724,706$4,682,752$1,520,478$28,992,418
98$59,089,659$4,797,240$1,456,447$31,726,821
99$64,998,215$4,913,716$1,386,650$34,735,750
100$71,505,709$5,032,164$1,310,778$38,047,164