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

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$136,255$135,042$133,858$132,702$131,573$130,308
2 years$67,453$66,197$64,979$63,799$62,654$61,379
3 years$44,522$43,260$42,046$40,877$39,750$38,506
4 years$33,059$31,801$30,599$29,449$28,350$27,145
5 years$26,183$24,932$23,746$22,620$21,551$20,390
6 years$21,600$20,359$19,190$18,089$17,053$15,936
7 years$18,328$17,098$15,947$14,872$13,869$12,797
8 years$15,875$14,656$13,524$12,476$11,505$10,479
9 years$13,968$12,761$11,649$10,627$9,689$8,708
10 years$12,444$11,248$10,156$9,160$8,256$7,318
11 years$11,197$10,013$8,941$7,972$7,100$6,207
12 years$10,159$8,987$7,935$6,993$6,153$5,302
13 years$9,281$8,122$7,089$6,174$5,365$4,556
14 years$8,530$7,383$6,370$5,480$4,703$3,935
15 years$7,879$6,744$5,751$4,887$4,141$3,412
16 years$7,310$6,188$5,214$4,376$3,660$2,969
17 years$6,809$5,699$4,745$3,932$3,245$2,591
18 years$6,363$5,266$4,331$3,543$2,885$2,267
19 years$5,966$4,880$3,965$3,202$2,572$1,988
20 years$5,608$4,535$3,639$2,900$2,297$1,747
21 years$5,285$4,224$3,347$2,632$2,056$1,537
22 years$4,991$3,943$3,085$2,393$1,843$1,354
23 years$4,724$3,688$2,848$2,179$1,654$1,195
24 years$4,479$3,455$2,634$1,988$1,487$1,056
25 years$4,254$3,243$2,440$1,815$1,338$933
26 years$4,047$3,048$2,263$1,660$1,205$826
27 years$3,855$2,868$2,101$1,519$1,086$731
28 years$3,677$2,703$1,953$1,392$980$648
29 years$3,512$2,550$1,818$1,276$885$574
30 years$3,359$2,408$1,693$1,171$800$509
31 years$3,215$2,276$1,578$1,076$723$452
32 years$3,081$2,154$1,473$989$654$401
33 years$2,955$2,040$1,375$909$592$356
34 years$2,837$1,933$1,285$837$536$317
35 years$2,725$1,834$1,201$770$485$281
36 years$2,621$1,740$1,124$709$440$250
37 years$2,522$1,653$1,052$653$399$222
38 years$2,428$1,571$985$602$361$198
39 years$2,340$1,494$923$555$328$176
40 years$2,256$1,421$865$512$297$156
41 years$2,176$1,353$811$473$270$139
42 years$2,101$1,288$761$436$245$124
43 years$2,029$1,228$714$403$222$110
44 years$1,960$1,170$670$372$202$98
45 years$1,895$1,116$629$343$183$87
46 years$1,833$1,064$591$317$166$78
47 years$1,774$1,016$555$293$151$69
48 years$1,717$970$522$271$137$61
49 years$1,663$926$490$250$124$55
50 years$1,611$885$461$231$113$49

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 $3,616 every year, while hoping to spend $24,033 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: 34/38/28 Blend
58$1,650,000$1,650,000$1,650,000$1,650,000
59$1,822,030$1,734,580$1,709,005$1,868,434
60$1,982,306$1,794,003$1,740,686$1,963,178
61$2,158,125$1,855,533$1,772,622$2,062,874
62$2,351,046$1,919,247$1,804,798$2,169,918
63$2,562,789$1,985,226$1,837,194$2,284,983
64$2,795,245$2,053,554$1,869,792$2,408,805
65$3,050,500$2,124,317$1,902,570$2,542,194
66$3,330,850$2,197,608$1,935,505$2,686,040
67$3,638,825$2,273,520$1,968,573$2,841,323
68$3,977,214$2,352,151$2,001,749$3,009,117
69$4,349,086$2,433,602$2,035,003$3,190,606
70$4,757,823$2,517,980$2,068,307$3,387,091
71$5,207,154$2,605,393$2,101,628$3,600,002
72$5,701,183$2,695,957$2,134,932$3,830,914
73$6,244,435$2,789,790$2,168,183$4,081,559
74$6,841,893$2,887,015$2,201,343$4,353,842
75$7,499,048$2,987,761$2,234,370$4,649,859
76$8,221,951$3,092,161$2,267,221$4,971,919
77$9,017,266$3,200,354$2,299,850$5,322,560
78$9,892,339$3,312,483$2,332,207$5,704,579
79$10,855,262$3,428,699$2,364,240$6,121,050
80$11,914,951$3,549,157$2,395,894$6,575,363
81$13,081,230$3,674,020$2,427,111$7,071,245
82$14,364,925$3,803,456$2,457,828$7,612,801
83$15,777,964$3,937,642$2,487,981$8,204,553
84$17,333,488$4,076,758$2,517,501$8,851,477
85$19,045,980$4,220,996$2,546,313$9,559,054
86$20,931,398$4,370,552$2,574,342$10,333,318
87$23,007,323$4,525,632$2,601,506$11,180,918
88$25,293,133$4,686,451$2,627,719$12,109,173
89$27,810,175$4,853,230$2,652,891$13,126,144
90$30,581,976$5,026,201$2,676,925$14,240,712
91$33,634,458$5,205,605$2,699,723$15,462,655
92$36,996,187$5,391,694$2,721,177$16,802,747
93$40,698,639$5,584,728$2,741,178$18,272,852
94$44,776,499$5,784,979$2,759,606$19,886,043
95$49,267,989$5,992,730$2,776,340$21,656,715
96$54,215,226$6,208,276$2,791,250$23,600,731
97$59,664,622$6,431,923$2,804,199$25,735,562
98$65,667,318$6,663,992$2,815,044$28,080,457
99$72,279,671$6,904,815$2,823,635$30,656,620
100$79,563,785$7,154,738$2,829,814$33,487,414