Can I retire at age 59 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$137,907$136,679$135,480$134,310$133,168$131,723
2 years$68,271$66,999$65,767$64,572$63,413$61,958
3 years$45,062$43,785$42,556$41,372$40,232$38,812
4 years$33,460$32,186$30,970$29,806$28,694$27,320
5 years$26,500$25,235$24,034$22,894$21,813$20,489
6 years$21,862$20,606$19,423$18,309$17,260$15,988
7 years$18,550$17,305$16,140$15,052$14,037$12,817
8 years$16,068$14,833$13,688$12,627$11,645$10,477
9 years$14,138$12,915$11,790$10,756$9,807$8,691
10 years$12,595$11,384$10,279$9,271$8,356$7,291
11 years$11,333$10,135$9,049$8,069$7,186$6,172
12 years$10,282$9,096$8,031$7,077$6,227$5,262
13 years$9,394$8,220$7,175$6,248$5,430$4,513
14 years$8,633$7,472$6,447$5,547$4,760$3,890
15 years$7,975$6,826$5,821$4,947$4,191$3,366
16 years$7,399$6,263$5,277$4,429$3,704$2,923
17 years$6,891$5,768$4,802$3,980$3,284$2,546
18 years$6,441$5,330$4,384$3,586$2,920$2,223
19 years$6,038$4,939$4,013$3,241$2,603$1,945
20 years$5,676$4,590$3,683$2,935$2,325$1,705
21 years$5,349$4,275$3,388$2,664$2,081$1,497
22 years$5,052$3,991$3,122$2,422$1,865$1,316
23 years$4,781$3,733$2,883$2,206$1,674$1,159
24 years$4,533$3,497$2,666$2,012$1,505$1,021
25 years$4,306$3,282$2,469$1,837$1,354$901
26 years$4,096$3,084$2,290$1,680$1,220$795
27 years$3,902$2,903$2,127$1,538$1,100$702
28 years$3,722$2,735$1,977$1,409$992$621
29 years$3,555$2,580$1,840$1,292$896$549
30 years$3,399$2,437$1,714$1,186$810$486
31 years$3,254$2,304$1,598$1,089$732$430
32 years$3,118$2,180$1,491$1,001$662$381
33 years$2,991$2,064$1,392$920$599$337
34 years$2,871$1,957$1,300$847$542$299
35 years$2,758$1,856$1,216$779$491$265
36 years$2,652$1,761$1,137$718$445$235
37 years$2,552$1,673$1,065$661$403$208
38 years$2,458$1,590$997$610$366$185
39 years$2,368$1,512$934$562$332$164
40 years$2,283$1,438$875$518$301$145
41 years$2,203$1,369$821$478$273$129
42 years$2,126$1,304$770$441$248$114
43 years$2,053$1,242$723$408$225$102
44 years$1,984$1,184$678$376$204$90
45 years$1,918$1,129$637$347$185$80
46 years$1,855$1,077$598$321$168$71
47 years$1,795$1,028$562$297$153$63
48 years$1,738$981$528$274$139$56
49 years$1,683$937$496$253$126$50
50 years$1,631$895$467$234$114$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,670,000, adding $5,128 every year, while hoping to spend $49,257 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: 89/5/6 Blend
58$1,670,000$1,670,000$1,670,000$1,670,000
59$1,845,630$1,757,120$1,731,235$2,009,168
60$1,981,475$1,790,809$1,736,822$2,150,010
61$2,129,525$1,824,499$1,740,945$2,297,395
62$2,290,974$1,858,137$1,743,504$2,457,826
63$2,467,134$1,891,666$1,744,392$2,632,581
64$2,659,450$1,925,026$1,743,498$2,823,068
65$2,869,514$1,958,152$1,740,705$3,030,837
66$3,099,076$1,990,974$1,735,891$3,257,594
67$3,350,066$2,023,415$1,728,927$3,505,218
68$3,624,605$2,055,395$1,719,678$3,775,780
69$3,925,031$2,086,826$1,708,004$4,071,558
70$4,253,918$2,117,614$1,693,756$4,395,063
71$4,614,101$2,147,660$1,676,780$4,749,061
72$5,008,700$2,176,857$1,656,913$5,136,596
73$5,441,153$2,205,088$1,633,985$5,561,025
74$5,915,246$2,232,233$1,607,818$6,026,042
75$6,435,147$2,258,158$1,578,227$6,535,718
76$7,005,450$2,282,726$1,545,015$7,094,539
77$7,631,212$2,305,785$1,507,979$7,707,445
78$8,318,004$2,327,178$1,466,905$8,379,879
79$9,071,965$2,346,734$1,421,571$9,117,837
80$9,899,853$2,364,271$1,371,741$9,927,927
81$10,809,116$2,379,599$1,317,173$10,817,427
82$11,807,958$2,392,511$1,257,610$11,794,356
83$12,905,415$2,402,790$1,192,785$12,867,551
84$14,111,444$2,410,203$1,122,420$14,046,746
85$15,437,013$2,414,504$1,046,223$15,342,669
86$16,894,205$2,415,431$963,888$16,767,138
87$18,496,333$2,412,707$875,097$18,333,176
88$20,258,064$2,406,034$779,518$20,055,133
89$22,195,557$2,395,101$676,802$21,948,820
90$24,326,617$2,379,573$566,588$24,031,658
91$26,670,858$2,359,099$448,496$26,322,845
92$29,249,895$2,333,304$322,129$28,843,535
93$32,087,539$2,301,791$187,076$31,617,036
94$35,210,029$2,264,140$42,904$34,669,035
95$38,646,274$2,219,905$0$38,027,833
96$42,428,129$2,168,615$0$41,731,723
97$46,590,690$2,109,769$0$45,811,361
98$51,172,631$2,042,839$0$50,301,899
99$56,216,566$1,967,264$0$55,245,104
100$61,769,448$1,882,453$0$60,686,996