Can I retire at age 59 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$136,255$135,042$133,858$132,702$131,573$126,353
2 years$67,453$66,197$64,979$63,799$62,654$57,459
3 years$44,522$43,260$42,046$40,877$39,750$34,745
4 years$33,059$31,801$30,599$29,449$28,350$23,572
5 years$26,183$24,932$23,746$22,620$21,551$17,013
6 years$21,600$20,359$19,190$18,089$17,053$12,757
7 years$18,328$17,098$15,947$14,872$13,869$9,813
8 years$15,875$14,656$13,524$12,476$11,505$7,686
9 years$13,968$12,761$11,649$10,627$9,689$6,101
10 years$12,444$11,248$10,156$9,160$8,256$4,892
11 years$11,197$10,013$8,941$7,972$7,100$3,952
12 years$10,159$8,987$7,935$6,993$6,153$3,212
13 years$9,281$8,122$7,089$6,174$5,365$2,624
14 years$8,530$7,383$6,370$5,480$4,703$2,151
15 years$7,879$6,744$5,751$4,887$4,141$1,769
16 years$7,310$6,188$5,214$4,376$3,660$1,458
17 years$6,809$5,699$4,745$3,932$3,245$1,205
18 years$6,363$5,266$4,331$3,543$2,885$997
19 years$5,966$4,880$3,965$3,202$2,572$826
20 years$5,608$4,535$3,639$2,900$2,297$685
21 years$5,285$4,224$3,347$2,632$2,056$569
22 years$4,991$3,943$3,085$2,393$1,843$473
23 years$4,724$3,688$2,848$2,179$1,654$393
24 years$4,479$3,455$2,634$1,988$1,487$327
25 years$4,254$3,243$2,440$1,815$1,338$272
26 years$4,047$3,048$2,263$1,660$1,205$226
27 years$3,855$2,868$2,101$1,519$1,086$189
28 years$3,677$2,703$1,953$1,392$980$157
29 years$3,512$2,550$1,818$1,276$885$131
30 years$3,359$2,408$1,693$1,171$800$109
31 years$3,215$2,276$1,578$1,076$723$91
32 years$3,081$2,154$1,473$989$654$76
33 years$2,955$2,040$1,375$909$592$63
34 years$2,837$1,933$1,285$837$536$53
35 years$2,725$1,834$1,201$770$485$44
36 years$2,621$1,740$1,124$709$440$37
37 years$2,522$1,653$1,052$653$399$31
38 years$2,428$1,571$985$602$361$25
39 years$2,340$1,494$923$555$328$21
40 years$2,256$1,421$865$512$297$18
41 years$2,176$1,353$811$473$270$15
42 years$2,101$1,288$761$436$245$12
43 years$2,029$1,228$714$403$222$10
44 years$1,960$1,170$670$372$202$9
45 years$1,895$1,116$629$343$183$7
46 years$1,833$1,064$591$317$166$6
47 years$1,774$1,016$555$293$151$5
48 years$1,717$970$522$271$137$4
49 years$1,663$926$490$250$124$3
50 years$1,611$885$461$231$113$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,650,000, adding $6,920 every year, while hoping to spend $56,106 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: 31/50/19 Blend
58$1,650,000$1,650,000$1,650,000$1,650,000
59$1,825,438$1,737,988$1,712,413$1,870,993
60$1,951,936$1,763,453$1,710,082$1,931,282
61$2,089,457$1,788,285$1,705,793$1,990,562
62$2,239,065$1,812,395$1,699,421$2,053,186
63$2,401,933$1,835,685$1,690,834$2,119,480
64$2,579,349$1,858,053$1,679,896$2,189,801
65$2,772,732$1,879,387$1,666,463$2,264,550
66$2,983,646$1,899,572$1,650,384$2,344,169
67$3,213,807$1,918,480$1,631,501$2,429,148
68$3,465,108$1,935,979$1,609,649$2,520,030
69$3,739,632$1,951,924$1,584,656$2,617,419
70$4,039,671$1,966,166$1,556,339$2,721,983
71$4,367,751$1,978,541$1,524,509$2,834,462
72$4,726,649$1,988,877$1,488,968$2,955,677
73$5,119,427$1,996,992$1,449,508$3,086,536
74$5,549,454$2,002,690$1,405,912$3,228,045
75$6,020,441$2,005,764$1,357,952$3,381,320
76$6,536,474$2,005,995$1,305,392$3,547,594
77$7,102,054$2,003,148$1,247,982$3,728,235
78$7,722,137$1,996,976$1,185,463$3,924,753
79$8,402,182$1,987,215$1,117,563$4,138,822
80$9,148,203$1,973,586$1,043,999$4,372,296
81$9,966,820$1,955,793$964,474$4,627,222
82$10,865,330$1,933,521$878,679$4,905,868
83$11,851,768$1,906,438$786,288$5,210,739
84$12,934,985$1,874,190$686,965$5,544,610
85$14,124,731$1,836,403$580,357$5,910,545
86$15,431,749$1,792,682$466,094$6,311,934
87$16,867,870$1,742,606$343,791$6,752,525
88$18,446,132$1,685,733$213,047$7,236,459
89$20,180,895$1,621,591$73,442$7,768,313
90$22,087,981$1,549,685$0$8,353,146
91$24,184,823$1,469,486$0$9,011,862
92$26,490,624$1,380,440$0$9,752,206
93$29,026,543$1,281,958$0$10,566,194
94$31,815,894$1,173,417$0$11,461,462
95$34,884,360$1,054,160$0$12,446,438
96$38,260,243$923,491$0$13,530,426
97$41,974,722$780,676$0$14,723,691
98$46,062,154$624,940$0$16,037,563
99$50,560,393$455,462$0$17,484,542
100$55,511,149$271,376$0$19,078,422