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%19%
1 years$137,907$136,679$135,480$134,310$133,168$128,341
2 years$68,271$66,999$65,767$64,572$63,413$58,603
3 years$45,062$43,785$42,556$41,372$40,232$35,590
4 years$33,460$32,186$30,970$29,806$28,694$24,255
5 years$26,500$25,235$24,034$22,894$21,813$17,589
6 years$21,862$20,606$19,423$18,309$17,260$13,254
7 years$18,550$17,305$16,140$15,052$14,037$10,249
8 years$16,068$14,833$13,688$12,627$11,645$8,071
9 years$14,138$12,915$11,790$10,756$9,807$6,442
10 years$12,595$11,384$10,279$9,271$8,356$5,194
11 years$11,333$10,135$9,049$8,069$7,186$4,221
12 years$10,282$9,096$8,031$7,077$6,227$3,452
13 years$9,394$8,220$7,175$6,248$5,430$2,837
14 years$8,633$7,472$6,447$5,547$4,760$2,340
15 years$7,975$6,826$5,821$4,947$4,191$1,937
16 years$7,399$6,263$5,277$4,429$3,704$1,607
17 years$6,891$5,768$4,802$3,980$3,284$1,337
18 years$6,441$5,330$4,384$3,586$2,920$1,113
19 years$6,038$4,939$4,013$3,241$2,603$929
20 years$5,676$4,590$3,683$2,935$2,325$776
21 years$5,349$4,275$3,388$2,664$2,081$649
22 years$5,052$3,991$3,122$2,422$1,865$543
23 years$4,781$3,733$2,883$2,206$1,674$455
24 years$4,533$3,497$2,666$2,012$1,505$381
25 years$4,306$3,282$2,469$1,837$1,354$319
26 years$4,096$3,084$2,290$1,680$1,220$268
27 years$3,902$2,903$2,127$1,538$1,100$225
28 years$3,722$2,735$1,977$1,409$992$188
29 years$3,555$2,580$1,840$1,292$896$158
30 years$3,399$2,437$1,714$1,186$810$133
31 years$3,254$2,304$1,598$1,089$732$111
32 years$3,118$2,180$1,491$1,001$662$94
33 years$2,991$2,064$1,392$920$599$79
34 years$2,871$1,957$1,300$847$542$66
35 years$2,758$1,856$1,216$779$491$55
36 years$2,652$1,761$1,137$718$445$47
37 years$2,552$1,673$1,065$661$403$39
38 years$2,458$1,590$997$610$366$33
39 years$2,368$1,512$934$562$332$28
40 years$2,283$1,438$875$518$301$23
41 years$2,203$1,369$821$478$273$20
42 years$2,126$1,304$770$441$248$16
43 years$2,053$1,242$723$408$225$14
44 years$1,984$1,184$678$376$204$12
45 years$1,918$1,129$637$347$185$10
46 years$1,855$1,077$598$321$168$8
47 years$1,795$1,028$562$297$153$7
48 years$1,738$981$528$274$139$6
49 years$1,683$937$496$253$126$5
50 years$1,631$895$467$234$114$4

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 $2,036 every year, while hoping to spend $53,272 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: 59/23/18 Blend
58$1,670,000$1,670,000$1,670,000$1,670,000
59$1,842,440$1,753,930$1,728,045$1,942,394
60$1,973,688$1,783,192$1,729,254$2,039,568
61$2,116,538$1,812,102$1,728,717$2,139,460
62$2,272,116$1,840,587$1,726,321$2,247,183
63$2,441,665$1,868,567$1,721,945$2,363,504
64$2,626,547$1,895,960$1,715,463$2,489,266
65$2,828,266$1,922,673$1,706,742$2,625,399
66$3,048,476$1,948,611$1,695,644$2,772,930
67$3,288,996$1,973,668$1,682,024$2,932,990
68$3,551,831$1,997,735$1,665,729$3,106,827
69$3,839,187$2,020,694$1,646,601$3,295,818
70$4,153,493$2,042,416$1,624,470$3,501,480
71$4,497,423$2,062,769$1,599,164$3,725,488
72$4,873,923$2,081,607$1,570,499$3,969,688
73$5,286,235$2,098,779$1,538,283$4,236,116
74$5,737,932$2,114,119$1,502,316$4,527,017
75$6,232,945$2,127,455$1,462,388$4,844,868
76$6,775,606$2,138,601$1,418,279$5,192,400
77$7,370,686$2,147,361$1,369,759$5,572,623
78$8,023,440$2,153,525$1,316,590$5,988,861
79$8,739,654$2,156,871$1,258,518$6,444,775
80$9,525,703$2,157,162$1,195,283$6,944,404
81$10,388,609$2,154,147$1,126,610$7,492,203
82$11,336,107$2,147,561$1,052,211$8,093,083
83$12,376,718$2,137,119$971,788$8,752,461
84$13,519,827$2,122,521$885,027$9,476,308
85$14,775,774$2,103,450$791,601$10,271,210
86$16,155,952$2,079,568$691,168$11,144,428
87$17,672,909$2,050,516$583,371$12,103,971
88$19,340,470$2,015,916$467,839$13,158,665
89$21,173,868$1,975,366$344,182$14,318,245
90$23,189,883$1,928,440$211,993$15,593,445
91$25,407,005$1,874,687$70,848$16,996,098
92$27,845,604$1,813,631$0$18,539,252
93$30,528,123$1,744,766$0$20,252,613
94$33,479,290$1,667,558$0$22,152,235
95$36,726,351$1,581,442$0$24,242,076
96$40,299,325$1,485,820$0$26,541,508
97$44,231,290$1,380,059$0$29,071,884
98$48,558,691$1,263,491$0$31,856,738
99$53,321,685$1,135,409$0$34,922,009
100$58,564,519$995,066$0$38,296,285