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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$134,604$133,405$132,235$131,093$129,978$126,888
2 years$66,636$65,395$64,192$63,026$61,895$58,799
3 years$43,982$42,736$41,536$40,381$39,268$36,264
4 years$32,658$31,416$30,228$29,092$28,007$25,117
5 years$25,865$24,630$23,458$22,346$21,290$18,524
6 years$21,338$20,112$18,958$17,870$16,846$14,206
7 years$18,106$16,890$15,754$14,692$13,700$11,186
8 years$15,683$14,478$13,361$12,325$11,366$8,976
9 years$13,799$12,606$11,507$10,498$9,572$7,305
10 years$12,293$11,111$10,032$9,049$8,156$6,010
11 years$11,061$9,892$8,832$7,876$7,014$4,986
12 years$10,036$8,878$7,839$6,908$6,078$4,164
13 years$9,169$8,023$7,003$6,099$5,300$3,497
14 years$8,426$7,293$6,292$5,414$4,646$2,950
15 years$7,784$6,662$5,681$4,828$4,091$2,497
16 years$7,222$6,113$5,151$4,323$3,616$2,120
17 years$6,726$5,629$4,687$3,884$3,206$1,805
18 years$6,286$5,202$4,279$3,500$2,850$1,540
19 years$5,893$4,821$3,917$3,163$2,541$1,316
20 years$5,540$4,480$3,595$2,865$2,269$1,126
21 years$5,221$4,173$3,306$2,600$2,031$965
22 years$4,931$3,895$3,047$2,364$1,820$828
23 years$4,666$3,643$2,814$2,153$1,634$711
24 years$4,425$3,413$2,602$1,964$1,469$611
25 years$4,202$3,203$2,410$1,793$1,322$526
26 years$3,998$3,011$2,235$1,640$1,190$452
27 years$3,808$2,833$2,076$1,501$1,073$389
28 years$3,633$2,670$1,930$1,375$968$335
29 years$3,470$2,519$1,796$1,261$875$289
30 years$3,318$2,379$1,673$1,157$790$249
31 years$3,176$2,249$1,559$1,063$714$215
32 years$3,043$2,128$1,455$977$646$185
33 years$2,919$2,015$1,358$898$585$160
34 years$2,802$1,910$1,269$826$529$138
35 years$2,692$1,811$1,187$761$480$119
36 years$2,589$1,719$1,110$701$435$103
37 years$2,491$1,633$1,039$646$394$88
38 years$2,399$1,552$973$595$357$76
39 years$2,311$1,476$912$549$324$66
40 years$2,228$1,404$854$506$294$57
41 years$2,150$1,336$801$467$266$49
42 years$2,075$1,273$752$431$242$42
43 years$2,004$1,213$705$398$219$37
44 years$1,937$1,156$662$367$199$32
45 years$1,872$1,102$622$339$181$27
46 years$1,811$1,052$584$313$164$24
47 years$1,752$1,003$548$289$149$20
48 years$1,696$958$515$267$135$18
49 years$1,643$915$484$247$123$15
50 years$1,591$874$455$228$112$13

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 $4,963 every year, while hoping to spend $48,936 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: 44/32/24 Blend
58$1,630,000$1,630,000$1,630,000$1,630,000
59$1,801,379$1,714,989$1,689,724$1,867,908
60$1,933,053$1,746,956$1,694,263$1,947,534
61$2,076,516$1,778,849$1,697,313$2,028,671
62$2,232,921$1,810,614$1,698,773$2,115,650
63$2,403,535$1,842,189$1,698,538$2,209,037
64$2,589,751$1,873,512$1,696,494$2,309,461
65$2,793,104$1,904,513$1,692,525$2,417,612
66$3,015,284$1,935,117$1,686,508$2,534,255
67$3,258,151$1,965,246$1,678,314$2,660,233
68$3,523,752$1,994,813$1,667,808$2,796,477
69$3,814,343$2,023,727$1,654,847$2,944,014
70$4,132,406$2,051,889$1,639,285$3,103,978
71$4,480,675$2,079,195$1,620,964$3,277,622
72$4,862,160$2,105,532$1,599,723$3,466,327
73$5,280,177$2,130,780$1,575,390$3,671,618
74$5,738,377$2,154,810$1,547,788$3,895,178
75$6,240,782$2,177,486$1,516,729$4,138,866
76$6,791,821$2,198,662$1,482,018$4,404,731
77$7,396,371$2,218,181$1,443,450$4,695,036
78$8,059,807$2,235,878$1,400,812$5,012,278
79$8,788,047$2,251,575$1,353,879$5,359,212
80$9,587,611$2,265,086$1,302,417$5,738,878
81$10,465,680$2,276,208$1,246,181$6,154,630
82$11,430,167$2,284,730$1,184,916$6,610,171
83$12,489,787$2,290,424$1,118,353$7,109,583
84$13,654,140$2,293,050$1,046,213$7,657,372
85$14,933,806$2,292,353$968,204$8,258,510
86$16,340,435$2,288,060$884,021$8,918,479
87$17,886,868$2,279,883$793,343$9,643,328
88$19,587,247$2,267,516$695,839$10,439,732
89$21,457,157$2,250,635$591,160$11,315,051
90$23,513,766$2,228,894$478,943$12,277,404
91$25,775,990$2,201,930$358,808$13,335,747
92$28,264,671$2,169,355$230,358$14,499,957
93$31,002,773$2,130,759$93,181$15,780,930
94$34,015,598$2,085,708$0$17,190,681
95$37,331,022$2,033,741$0$18,756,089
96$40,979,764$1,974,372$0$20,504,490
97$44,995,667$1,907,084$0$22,428,235
98$49,416,027$1,831,332$0$24,545,223
99$54,281,933$1,746,539$0$26,875,184
100$59,638,663$1,652,092$0$29,439,866