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%13%
1 years$137,081$135,860$134,669$133,506$132,371$130,717
2 years$67,862$66,598$65,373$64,186$63,034$61,369
3 years$44,792$43,523$42,301$41,124$39,991$38,368
4 years$33,259$31,994$30,784$29,628$28,522$26,953
5 years$26,341$25,083$23,890$22,757$21,682$20,171
6 years$21,731$20,483$19,306$18,199$17,156$15,706
7 years$18,439$17,201$16,044$14,962$13,953$12,563
8 years$15,971$14,745$13,606$12,552$11,575$10,246
9 years$14,053$12,838$11,719$10,691$9,748$8,479
10 years$12,519$11,316$10,217$9,216$8,306$7,097
11 years$11,265$10,074$8,995$8,021$7,143$5,992
12 years$10,221$9,042$7,983$7,035$6,190$5,096
13 years$9,338$8,171$7,132$6,211$5,398$4,359
14 years$8,582$7,427$6,408$5,513$4,732$3,747
15 years$7,927$6,785$5,786$4,917$4,166$3,234
16 years$7,354$6,225$5,246$4,403$3,682$2,801
17 years$6,850$5,733$4,773$3,956$3,265$2,432
18 years$6,402$5,298$4,357$3,565$2,903$2,118
19 years$6,002$4,910$3,989$3,221$2,587$1,848
20 years$5,642$4,562$3,661$2,917$2,311$1,615
21 years$5,317$4,250$3,367$2,648$2,068$1,414
22 years$5,021$3,967$3,104$2,407$1,854$1,239
23 years$4,752$3,710$2,866$2,192$1,664$1,087
24 years$4,506$3,476$2,650$2,000$1,496$955
25 years$4,280$3,262$2,455$1,826$1,346$840
26 years$4,071$3,066$2,276$1,670$1,212$739
27 years$3,878$2,885$2,114$1,528$1,093$651
28 years$3,700$2,719$1,965$1,400$986$573
29 years$3,534$2,565$1,829$1,284$891$506
30 years$3,379$2,422$1,703$1,179$805$446
31 years$3,235$2,290$1,588$1,082$728$393
32 years$3,099$2,167$1,482$995$658$347
33 years$2,973$2,052$1,383$915$596$307
34 years$2,854$1,945$1,293$842$539$271
35 years$2,742$1,845$1,208$775$488$239
36 years$2,636$1,751$1,131$714$443$211
37 years$2,537$1,663$1,058$657$401$187
38 years$2,443$1,580$991$606$364$165
39 years$2,354$1,503$928$559$330$146
40 years$2,269$1,430$870$515$299$129
41 years$2,189$1,361$816$475$271$114
42 years$2,113$1,296$765$439$246$101
43 years$2,041$1,235$718$405$223$89
44 years$1,972$1,177$674$374$203$79
45 years$1,907$1,123$633$345$184$70
46 years$1,844$1,071$595$319$167$62
47 years$1,785$1,022$559$295$152$55
48 years$1,727$976$525$272$138$48
49 years$1,673$932$493$252$125$43
50 years$1,621$890$464$233$114$38

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 $3,005 every year, while hoping to spend $22,347 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: 65/30/5 Blend
58$1,660,000$1,660,000$1,660,000$1,660,000
59$1,832,420$1,744,440$1,718,710$1,950,095
60$1,995,549$1,806,140$1,752,509$2,090,331
61$2,174,569$1,870,115$1,786,692$2,240,524
62$2,371,077$1,936,452$1,821,248$2,404,008
63$2,586,831$2,005,243$1,856,164$2,582,072
64$2,823,771$2,076,582$1,891,428$2,776,132
65$3,084,030$2,150,569$1,927,026$2,987,749
66$3,369,961$2,227,307$1,962,941$3,218,639
67$3,684,155$2,306,903$1,999,158$3,470,691
68$4,029,466$2,389,469$2,035,657$3,745,984
69$4,409,039$2,475,120$2,072,418$4,046,806
70$4,826,338$2,563,978$2,109,422$4,375,675
71$5,285,180$2,656,169$2,146,643$4,735,364
72$5,789,771$2,751,824$2,184,058$5,128,925
73$6,344,743$2,851,079$2,221,640$5,559,719
74$6,955,202$2,954,076$2,259,360$6,031,446
75$7,626,771$3,060,965$2,297,187$6,548,179
76$8,365,648$3,171,898$2,335,089$7,114,404
77$9,178,660$3,287,037$2,373,030$7,735,061
78$10,073,330$3,406,549$2,410,973$8,415,590
79$11,057,948$3,530,607$2,448,879$9,161,979
80$12,141,646$3,659,395$2,486,704$9,980,828
81$13,334,489$3,793,100$2,524,404$10,879,402
82$14,647,566$3,931,921$2,561,930$11,865,704
83$16,093,094$4,076,062$2,599,231$12,948,547
84$17,684,538$4,225,737$2,636,254$14,137,640
85$19,436,732$4,381,170$2,672,940$15,443,678
86$21,366,024$4,542,592$2,709,229$16,878,439
87$23,490,427$4,710,247$2,745,056$18,454,900
88$25,829,788$4,884,387$2,780,352$20,187,353
89$28,405,978$5,065,274$2,815,047$22,091,544
90$31,243,100$5,253,184$2,849,062$24,184,819
91$34,367,708$5,448,402$2,882,318$26,486,287
92$37,809,068$5,651,228$2,914,730$29,016,999
93$41,599,426$5,861,971$2,946,206$31,800,146
94$45,774,316$6,080,956$2,976,652$34,861,280
95$50,372,895$6,308,521$3,005,969$38,228,550
96$55,438,311$6,545,020$3,034,050$41,932,968
97$61,018,112$6,790,819$3,060,784$46,008,704
98$67,164,694$7,046,303$3,086,054$50,493,402
99$73,935,793$7,311,872$3,109,737$55,428,539
100$81,395,033$7,587,944$3,131,703$60,859,816