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

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$137,907$136,679$135,480$134,310$133,168$131,613
2 years$68,271$66,999$65,767$64,572$63,413$61,848
3 years$45,062$43,785$42,556$41,372$40,232$38,705
4 years$33,460$32,186$30,970$29,806$28,694$27,217
5 years$26,500$25,235$24,034$22,894$21,813$20,391
6 years$21,862$20,606$19,423$18,309$17,260$15,894
7 years$18,550$17,305$16,140$15,052$14,037$12,728
8 years$16,068$14,833$13,688$12,627$11,645$10,392
9 years$14,138$12,915$11,790$10,756$9,807$8,610
10 years$12,595$11,384$10,279$9,271$8,356$7,215
11 years$11,333$10,135$9,049$8,069$7,186$6,100
12 years$10,282$9,096$8,031$7,077$6,227$5,194
13 years$9,394$8,220$7,175$6,248$5,430$4,449
14 years$8,633$7,472$6,447$5,547$4,760$3,829
15 years$7,975$6,826$5,821$4,947$4,191$3,310
16 years$7,399$6,263$5,277$4,429$3,704$2,870
17 years$6,891$5,768$4,802$3,980$3,284$2,496
18 years$6,441$5,330$4,384$3,586$2,920$2,176
19 years$6,038$4,939$4,013$3,241$2,603$1,901
20 years$5,676$4,590$3,683$2,935$2,325$1,664
21 years$5,349$4,275$3,388$2,664$2,081$1,459
22 years$5,052$3,991$3,122$2,422$1,865$1,281
23 years$4,781$3,733$2,883$2,206$1,674$1,126
24 years$4,533$3,497$2,666$2,012$1,505$991
25 years$4,306$3,282$2,469$1,837$1,354$872
26 years$4,096$3,084$2,290$1,680$1,220$769
27 years$3,902$2,903$2,127$1,538$1,100$678
28 years$3,722$2,735$1,977$1,409$992$598
29 years$3,555$2,580$1,840$1,292$896$528
30 years$3,399$2,437$1,714$1,186$810$467
31 years$3,254$2,304$1,598$1,089$732$413
32 years$3,118$2,180$1,491$1,001$662$365
33 years$2,991$2,064$1,392$920$599$323
34 years$2,871$1,957$1,300$847$542$285
35 years$2,758$1,856$1,216$779$491$252
36 years$2,652$1,761$1,137$718$445$223
37 years$2,552$1,673$1,065$661$403$198
38 years$2,458$1,590$997$610$366$175
39 years$2,368$1,512$934$562$332$155
40 years$2,283$1,438$875$518$301$137
41 years$2,203$1,369$821$478$273$122
42 years$2,126$1,304$770$441$248$108
43 years$2,053$1,242$723$408$225$95
44 years$1,984$1,184$678$376$204$85
45 years$1,918$1,129$637$347$185$75
46 years$1,855$1,077$598$321$168$66
47 years$1,795$1,028$562$297$153$59
48 years$1,738$981$528$274$139$52
49 years$1,683$937$496$253$126$46
50 years$1,631$895$467$234$114$41

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 $5,994 every year, while hoping to spend $55,324 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: 41/46/13 Blend
58$1,670,000$1,670,000$1,670,000$1,670,000
59$1,846,523$1,758,013$1,732,128$1,914,903
60$1,976,004$1,785,291$1,731,290$1,990,925
61$2,116,838$1,812,052$1,728,569$2,067,231
62$2,270,124$1,838,211$1,723,845$2,148,609
63$2,437,073$1,863,680$1,716,990$2,235,544
64$2,619,015$1,888,361$1,707,870$2,328,573
65$2,817,416$1,912,152$1,696,346$2,428,291
66$3,033,889$1,934,944$1,682,270$2,535,353
67$3,270,209$1,956,620$1,665,489$2,650,485
68$3,528,330$1,977,053$1,645,842$2,774,488
69$3,810,402$1,996,112$1,623,161$2,908,247
70$4,118,795$2,013,653$1,597,268$3,052,738
71$4,456,115$2,029,525$1,567,980$3,209,044
72$4,825,234$2,043,567$1,535,102$3,378,357
73$5,229,312$2,055,606$1,498,433$3,561,996
74$5,671,832$2,065,461$1,457,760$3,761,416
75$6,156,626$2,072,936$1,412,863$3,978,228
76$6,687,917$2,077,825$1,363,509$4,214,206
77$7,270,354$2,079,907$1,309,455$4,471,315
78$7,909,058$2,078,951$1,250,450$4,751,720
79$8,609,669$2,074,706$1,186,227$5,057,817
80$9,378,400$2,066,912$1,116,511$5,392,246
81$10,222,094$2,055,287$1,041,011$5,757,928
82$11,148,288$2,039,537$959,425$6,158,084
83$12,165,285$2,019,346$871,438$6,596,271
84$13,282,232$1,994,382$776,719$7,076,418
85$14,509,205$1,964,292$674,923$7,602,860
86$15,857,302$1,928,700$565,692$8,180,384
87$17,338,752$1,887,212$448,648$8,814,273
88$18,967,027$1,839,407$323,399$9,510,359
89$20,756,966$1,784,841$189,536$10,275,078
90$22,724,922$1,723,043$46,631$11,115,533
91$24,888,907$1,653,516$0$12,039,563
92$27,268,770$1,575,732$0$13,070,505
93$29,886,375$1,489,134$0$14,211,077
94$32,765,817$1,393,133$0$15,465,403
95$35,933,639$1,287,106$0$16,845,176
96$39,419,089$1,170,392$0$18,363,293
97$43,254,392$1,042,297$0$20,033,977
98$47,475,054$902,084$0$21,872,915
99$52,120,198$748,975$0$23,897,407
100$57,232,932$582,148$0$26,126,534