Can I retire at age 59 with 1,680,000?

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 $1,680,000?

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$138,733$137,497$136,291$135,115$133,966$130,304
2 years$68,680$67,401$66,161$64,959$63,793$60,131
3 years$45,332$44,047$42,810$41,620$40,473$36,925
4 years$33,660$32,379$31,155$29,985$28,866$25,459
5 years$26,659$25,386$24,178$23,031$21,943$18,687
6 years$21,993$20,729$19,539$18,418$17,363$14,260
7 years$18,661$17,408$16,237$15,143$14,121$11,172
8 years$16,164$14,922$13,770$12,703$11,714$8,918
9 years$14,222$12,993$11,860$10,820$9,865$7,219
10 years$12,670$11,452$10,340$9,327$8,406$5,905
11 years$11,401$10,195$9,103$8,117$7,229$4,871
12 years$10,344$9,151$8,079$7,120$6,265$4,044
13 years$9,450$8,270$7,218$6,286$5,463$3,376
14 years$8,685$7,517$6,485$5,580$4,789$2,830
15 years$8,022$6,867$5,855$4,976$4,216$2,381
16 years$7,443$6,300$5,309$4,456$3,726$2,009
17 years$6,932$5,802$4,831$4,003$3,304$1,699
18 years$6,479$5,361$4,410$3,608$2,938$1,440
19 years$6,074$4,969$4,037$3,260$2,619$1,222
20 years$5,710$4,617$3,705$2,953$2,339$1,039
21 years$5,381$4,301$3,408$2,680$2,093$884
22 years$5,082$4,015$3,141$2,436$1,876$753
23 years$4,810$3,755$2,900$2,219$1,684$642
24 years$4,560$3,518$2,682$2,024$1,514$548
25 years$4,331$3,302$2,484$1,848$1,362$468
26 years$4,120$3,103$2,304$1,690$1,227$400
27 years$3,925$2,920$2,139$1,547$1,106$342
28 years$3,744$2,752$1,989$1,417$998$292
29 years$3,576$2,596$1,851$1,300$901$250
30 years$3,420$2,452$1,724$1,193$814$214
31 years$3,274$2,318$1,607$1,095$736$183
32 years$3,137$2,193$1,500$1,007$666$157
33 years$3,009$2,077$1,400$926$603$134
34 years$2,888$1,968$1,308$852$546$115
35 years$2,775$1,867$1,223$784$494$98
36 years$2,668$1,772$1,144$722$448$84
37 years$2,567$1,683$1,071$665$406$72
38 years$2,472$1,599$1,003$613$368$62
39 years$2,382$1,521$940$565$334$53
40 years$2,297$1,447$881$522$303$45
41 years$2,216$1,377$826$481$275$39
42 years$2,139$1,312$775$444$249$33
43 years$2,066$1,250$727$410$226$28
44 years$1,996$1,191$682$379$205$24
45 years$1,930$1,136$641$350$186$21
46 years$1,866$1,084$602$323$169$18
47 years$1,806$1,034$565$298$154$15
48 years$1,748$987$531$276$140$13
49 years$1,693$943$499$255$127$11
50 years$1,640$901$469$235$115$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,680,000, adding $2,471 every year, while hoping to spend $42,988 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: 45/36/19 Blend
58$1,680,000$1,680,000$1,680,000$1,680,000
59$1,853,909$1,764,869$1,738,829$1,927,105
60$1,997,269$1,805,609$1,751,341$2,019,415
61$2,153,810$1,846,904$1,762,831$2,114,996
62$2,324,833$1,888,736$1,773,220$2,217,747
63$2,511,767$1,931,085$1,782,424$2,328,355
64$2,716,188$1,973,928$1,790,355$2,447,575
65$2,939,828$2,017,240$1,796,921$2,576,237
66$3,184,596$2,060,991$1,802,024$2,715,260
67$3,452,596$2,105,151$1,805,563$2,865,653
68$3,746,142$2,149,684$1,807,430$3,028,532
69$4,067,783$2,194,553$1,807,513$3,205,123
70$4,420,326$2,239,715$1,805,695$3,396,781
71$4,806,864$2,285,126$1,801,851$3,604,997
72$5,230,803$2,330,736$1,795,851$3,831,416
73$5,695,893$2,376,490$1,787,560$4,077,850
74$6,206,266$2,422,330$1,776,835$4,346,300
75$6,766,473$2,468,192$1,763,527$4,638,968
76$7,381,526$2,514,007$1,747,478$4,958,284
77$8,056,949$2,559,700$1,728,526$5,306,925
78$8,798,824$2,605,191$1,706,497$5,687,845
79$9,613,852$2,650,394$1,681,213$6,104,299
80$10,509,415$2,695,214$1,652,485$6,559,875
81$11,493,648$2,739,551$1,620,114$7,058,530
82$12,575,508$2,783,297$1,583,897$7,604,626
83$13,764,868$2,826,336$1,543,615$8,202,973
84$15,072,602$2,868,544$1,499,044$8,858,871
85$16,510,691$2,909,788$1,449,946$9,578,165
86$18,092,338$2,949,924$1,396,076$10,367,301
87$19,832,086$2,988,799$1,337,173$11,233,382
88$21,745,959$3,026,251$1,272,969$12,184,241
89$23,851,614$3,062,104$1,203,181$13,228,511
90$26,168,504$3,096,173$1,127,513$14,375,711
91$28,718,064$3,128,257$1,045,657$15,636,336
92$31,523,910$3,158,146$957,290$17,021,954
93$34,612,066$3,185,612$862,076$18,545,318
94$38,011,205$3,210,415$759,663$20,220,487
95$41,752,919$3,232,297$649,684$22,062,960
96$45,872,023$3,250,985$531,754$24,089,822
97$50,406,875$3,266,189$405,474$26,319,907
98$55,399,743$3,277,599$270,424$28,773,977
99$60,897,201$3,284,886$126,167$31,474,919
100$66,950,571$3,287,701$0$34,447,961