Can I retire at age 59 with 1,660,000?

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 $1,660,000?

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$137,081$135,860$134,669$133,506$132,371$128,805
2 years$67,862$66,598$65,373$64,186$63,034$59,467
3 years$44,792$43,523$42,301$41,124$39,991$36,535
4 years$33,259$31,994$30,784$29,628$28,522$25,203
5 years$26,341$25,083$23,890$22,757$21,682$18,509
6 years$21,731$20,483$19,306$18,199$17,156$14,132
7 years$18,439$17,201$16,044$14,962$13,953$11,078
8 years$15,971$14,745$13,606$12,552$11,575$8,848
9 years$14,053$12,838$11,719$10,691$9,748$7,166
10 years$12,519$11,316$10,217$9,216$8,306$5,866
11 years$11,265$10,074$8,995$8,021$7,143$4,842
12 years$10,221$9,042$7,983$7,035$6,190$4,023
13 years$9,338$8,171$7,132$6,211$5,398$3,360
14 years$8,582$7,427$6,408$5,513$4,732$2,819
15 years$7,927$6,785$5,786$4,917$4,166$2,373
16 years$7,354$6,225$5,246$4,403$3,682$2,003
17 years$6,850$5,733$4,773$3,956$3,265$1,696
18 years$6,402$5,298$4,357$3,565$2,903$1,438
19 years$6,002$4,910$3,989$3,221$2,587$1,222
20 years$5,642$4,562$3,661$2,917$2,311$1,039
21 years$5,317$4,250$3,367$2,648$2,068$885
22 years$5,021$3,967$3,104$2,407$1,854$755
23 years$4,752$3,710$2,866$2,192$1,664$644
24 years$4,506$3,476$2,650$2,000$1,496$550
25 years$4,280$3,262$2,455$1,826$1,346$470
26 years$4,071$3,066$2,276$1,670$1,212$402
27 years$3,878$2,885$2,114$1,528$1,093$344
28 years$3,700$2,719$1,965$1,400$986$294
29 years$3,534$2,565$1,829$1,284$891$252
30 years$3,379$2,422$1,703$1,179$805$215
31 years$3,235$2,290$1,588$1,082$728$185
32 years$3,099$2,167$1,482$995$658$158
33 years$2,973$2,052$1,383$915$596$135
34 years$2,854$1,945$1,293$842$539$116
35 years$2,742$1,845$1,208$775$488$99
36 years$2,636$1,751$1,131$714$443$85
37 years$2,537$1,663$1,058$657$401$73
38 years$2,443$1,580$991$606$364$63
39 years$2,354$1,503$928$559$330$54
40 years$2,269$1,430$870$515$299$46
41 years$2,189$1,361$816$475$271$39
42 years$2,113$1,296$765$439$246$34
43 years$2,041$1,235$718$405$223$29
44 years$1,972$1,177$674$374$203$25
45 years$1,907$1,123$633$345$184$21
46 years$1,844$1,071$595$319$167$18
47 years$1,785$1,022$559$295$152$16
48 years$1,727$976$525$272$138$13
49 years$1,673$932$493$252$125$12
50 years$1,621$890$464$233$114$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,660,000, adding $3,543 every year, while hoping to spend $35,054 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: 35/38/27 Blend
58$1,660,000$1,660,000$1,660,000$1,660,000
59$1,832,975$1,744,995$1,719,265$1,882,089
60$1,982,641$1,793,202$1,739,563$1,967,290
61$2,146,398$1,842,597$1,759,366$2,055,742
62$2,325,647$1,893,200$1,778,621$2,150,499
63$2,521,929$1,945,033$1,797,271$2,252,150
64$2,736,942$1,998,116$1,815,256$2,361,341
65$2,972,557$2,052,471$1,832,514$2,478,785
66$3,230,832$2,108,116$1,848,977$2,605,264
67$3,514,037$2,165,074$1,864,578$2,741,643
68$3,824,668$2,223,362$1,879,241$2,888,873
69$4,165,479$2,283,001$1,892,890$3,048,001
70$4,539,498$2,344,009$1,905,442$3,220,180
71$4,950,066$2,406,404$1,916,813$3,406,683
72$5,400,859$2,470,204$1,926,913$3,608,909
73$5,895,928$2,535,426$1,935,646$3,828,401
74$6,439,737$2,602,085$1,942,914$4,066,859
75$7,037,200$2,670,198$1,948,612$4,326,156
76$7,693,733$2,739,776$1,952,629$4,608,356
77$8,415,303$2,810,835$1,954,851$4,915,733
78$9,208,483$2,883,384$1,955,158$5,250,794
79$10,080,514$2,957,436$1,953,421$5,616,300
80$11,039,374$3,032,998$1,949,509$6,015,295
81$12,093,853$3,110,078$1,943,280$6,451,134
82$13,253,636$3,188,681$1,934,590$6,927,513
83$14,529,392$3,268,812$1,923,284$7,448,506
84$15,932,878$3,350,472$1,909,202$8,018,604
85$17,477,046$3,433,659$1,892,174$8,642,755
86$19,176,168$3,518,372$1,872,026$9,326,414
87$21,045,969$3,604,605$1,848,571$10,075,592
88$23,103,776$3,692,348$1,821,616$10,896,915
89$25,368,679$3,781,591$1,790,958$11,797,685
90$27,861,715$3,872,319$1,756,385$12,785,950
91$30,606,061$3,964,514$1,717,675$13,870,582
92$33,627,257$4,058,153$1,674,596$15,061,358
93$36,953,446$4,153,212$1,626,903$16,369,054
94$40,615,637$4,249,658$1,574,344$17,805,547
95$44,647,999$4,347,459$1,516,651$19,383,929
96$49,088,183$4,446,572$1,453,547$21,118,628
97$53,977,678$4,546,954$1,384,741$23,025,548
98$59,362,200$4,648,554$1,309,929$25,122,216
99$65,292,126$4,751,314$1,228,793$27,427,952
100$71,822,965$4,855,171$1,141,000$29,964,048