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%16.7%
1 years$137,907$136,679$135,480$134,310$133,168$129,529
2 years$68,271$66,999$65,767$64,572$63,413$59,773
3 years$45,062$43,785$42,556$41,372$40,232$36,705
4 years$33,460$32,186$30,970$29,806$28,694$25,307
5 years$26,500$25,235$24,034$22,894$21,813$18,576
6 years$21,862$20,606$19,423$18,309$17,260$14,176
7 years$18,550$17,305$16,140$15,052$14,037$11,106
8 years$16,068$14,833$13,688$12,627$11,645$8,865
9 years$14,138$12,915$11,790$10,756$9,807$7,176
10 years$12,595$11,384$10,279$9,271$8,356$5,870
11 years$11,333$10,135$9,049$8,069$7,186$4,842
12 years$10,282$9,096$8,031$7,077$6,227$4,020
13 years$9,394$8,220$7,175$6,248$5,430$3,356
14 years$8,633$7,472$6,447$5,547$4,760$2,813
15 years$7,975$6,826$5,821$4,947$4,191$2,367
16 years$7,399$6,263$5,277$4,429$3,704$1,997
17 years$6,891$5,768$4,802$3,980$3,284$1,689
18 years$6,441$5,330$4,384$3,586$2,920$1,431
19 years$6,038$4,939$4,013$3,241$2,603$1,215
20 years$5,676$4,590$3,683$2,935$2,325$1,033
21 years$5,349$4,275$3,388$2,664$2,081$879
22 years$5,052$3,991$3,122$2,422$1,865$749
23 years$4,781$3,733$2,883$2,206$1,674$638
24 years$4,533$3,497$2,666$2,012$1,505$545
25 years$4,306$3,282$2,469$1,837$1,354$465
26 years$4,096$3,084$2,290$1,680$1,220$397
27 years$3,902$2,903$2,127$1,538$1,100$340
28 years$3,722$2,735$1,977$1,409$992$290
29 years$3,555$2,580$1,840$1,292$896$248
30 years$3,399$2,437$1,714$1,186$810$212
31 years$3,254$2,304$1,598$1,089$732$182
32 years$3,118$2,180$1,491$1,001$662$156
33 years$2,991$2,064$1,392$920$599$133
34 years$2,871$1,957$1,300$847$542$114
35 years$2,758$1,856$1,216$779$491$98
36 years$2,652$1,761$1,137$718$445$84
37 years$2,552$1,673$1,065$661$403$72
38 years$2,458$1,590$997$610$366$61
39 years$2,368$1,512$934$562$332$53
40 years$2,283$1,438$875$518$301$45
41 years$2,203$1,369$821$478$273$39
42 years$2,126$1,304$770$441$248$33
43 years$2,053$1,242$723$408$225$28
44 years$1,984$1,184$678$376$204$24
45 years$1,918$1,129$637$347$185$21
46 years$1,855$1,077$598$321$168$18
47 years$1,795$1,028$562$297$153$15
48 years$1,738$981$528$274$139$13
49 years$1,683$937$496$253$126$11
50 years$1,631$895$467$234$114$10

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 $6,282 every year, while hoping to spend $40,906 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: 67/27/6 Blend
58$1,670,000$1,670,000$1,670,000$1,670,000
59$1,846,820$1,758,310$1,732,425$1,968,473
60$1,991,672$1,800,943$1,746,937$2,092,577
61$2,149,928$1,844,295$1,760,565$2,222,662
62$2,322,911$1,888,357$1,773,235$2,363,767
63$2,512,081$1,933,118$1,784,871$2,516,959
64$2,719,041$1,978,569$1,795,392$2,683,417
65$2,945,559$2,024,695$1,804,713$2,864,436
66$3,193,580$2,071,479$1,812,746$3,061,443
67$3,465,249$2,118,905$1,819,396$3,276,010
68$3,762,924$2,166,951$1,824,566$3,509,867
69$4,089,205$2,215,595$1,828,152$3,764,919
70$4,446,955$2,264,809$1,830,045$4,043,268
71$4,839,325$2,314,566$1,830,133$4,347,225
72$5,269,789$2,364,832$1,828,294$4,679,337
73$5,742,170$2,415,572$1,824,406$5,042,412
74$6,260,683$2,466,747$1,818,335$5,439,540
75$6,829,968$2,518,312$1,809,944$5,874,127
76$7,455,137$2,570,222$1,799,089$6,349,926
77$8,141,821$2,622,423$1,785,619$6,871,070
78$8,896,224$2,674,859$1,769,374$7,442,114
79$9,725,180$2,727,468$1,750,190$8,068,077
80$10,636,218$2,780,184$1,727,891$8,754,488
81$11,637,633$2,832,934$1,702,296$9,507,438
82$12,738,563$2,885,638$1,673,214$10,333,643
83$13,949,075$2,938,213$1,640,445$11,240,498
84$15,280,261$2,990,566$1,603,781$12,236,154
85$16,744,342$3,042,599$1,563,002$13,329,593
86$18,354,783$3,094,204$1,517,880$14,530,713
87$20,126,418$3,145,267$1,468,176$15,850,419
88$22,075,592$3,195,665$1,413,640$17,300,730
89$24,220,315$3,245,265$1,354,009$18,894,888
90$26,580,429$3,293,925$1,289,011$20,647,488
91$29,177,799$3,341,493$1,218,359$22,574,612
92$32,036,515$3,387,807$1,141,754$24,693,983
93$35,183,121$3,432,691$1,058,885$27,025,131
94$38,646,866$3,475,959$969,424$29,589,579
95$42,459,977$3,517,412$873,030$32,411,044
96$46,657,967$3,556,837$769,348$35,515,663
97$51,279,964$3,594,006$658,006$38,932,242
98$56,369,085$3,628,678$538,614$42,692,521
99$61,972,842$3,660,593$410,768$46,831,483
100$68,143,586$3,689,477$274,043$51,387,677