Can I retire at age 59 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$139,559$138,316$137,103$135,919$134,763$132,804
2 years$69,088$67,802$66,555$65,346$64,173$62,203
3 years$45,601$44,309$43,065$41,868$40,714$38,795
4 years$33,860$32,572$31,341$30,163$29,037$27,184
5 years$26,817$25,537$24,322$23,168$22,074$20,291
6 years$22,124$20,853$19,655$18,528$17,466$15,757
7 years$18,772$17,512$16,334$15,233$14,205$12,569
8 years$16,260$15,011$13,852$12,778$11,784$10,221
9 years$14,307$13,070$11,931$10,884$9,924$8,434
10 years$12,745$11,520$10,402$9,382$8,456$7,037
11 years$11,469$10,256$9,157$8,166$7,272$5,923
12 years$10,405$9,205$8,127$7,162$6,302$5,021
13 years$9,507$8,319$7,261$6,323$5,495$4,282
14 years$8,737$7,562$6,524$5,613$4,817$3,668
15 years$8,070$6,908$5,890$5,006$4,241$3,155
16 years$7,487$6,338$5,340$4,482$3,749$2,723
17 years$6,974$5,837$4,860$4,027$3,324$2,356
18 years$6,518$5,393$4,436$3,629$2,955$2,044
19 years$6,110$4,999$4,061$3,279$2,634$1,777
20 years$5,744$4,645$3,727$2,970$2,353$1,547
21 years$5,413$4,327$3,428$2,696$2,106$1,349
22 years$5,112$4,039$3,160$2,451$1,887$1,178
23 years$4,838$3,777$2,917$2,232$1,694$1,030
24 years$4,587$3,539$2,698$2,036$1,523$901
25 years$4,357$3,321$2,499$1,859$1,370$790
26 years$4,145$3,121$2,318$1,700$1,234$692
27 years$3,949$2,938$2,152$1,556$1,113$607
28 years$3,767$2,768$2,001$1,426$1,004$533
29 years$3,598$2,611$1,862$1,307$907$468
30 years$3,440$2,466$1,734$1,200$819$411
31 years$3,293$2,331$1,617$1,102$741$361
32 years$3,156$2,206$1,508$1,013$670$317
33 years$3,027$2,089$1,408$931$606$279
34 years$2,905$1,980$1,316$857$549$245
35 years$2,791$1,878$1,230$789$497$216
36 years$2,684$1,782$1,151$726$451$190
37 years$2,583$1,693$1,077$669$408$167
38 years$2,487$1,609$1,009$617$370$147
39 years$2,396$1,530$945$569$336$129
40 years$2,310$1,456$886$525$304$114
41 years$2,229$1,386$831$484$276$100
42 years$2,152$1,320$779$447$251$88
43 years$2,078$1,257$731$412$227$78
44 years$2,008$1,198$686$381$206$68
45 years$1,941$1,143$644$352$187$60
46 years$1,878$1,090$605$325$170$53
47 years$1,817$1,040$569$300$155$47
48 years$1,759$993$534$277$140$41
49 years$1,703$948$502$256$127$36
50 years$1,650$906$472$237$116$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,690,000, adding $5,487 every year, while hoping to spend $21,263 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: 28/45/27 Blend
58$1,690,000$1,690,000$1,690,000$1,690,000
59$1,868,040$1,778,470$1,752,275$1,904,555
60$2,035,956$1,842,991$1,788,352$1,998,579
61$2,220,287$1,909,961$1,824,926$2,097,318
62$2,422,685$1,979,478$1,861,989$2,202,971
63$2,644,970$2,051,643$1,899,536$2,316,147
64$2,889,145$2,126,562$1,937,559$2,437,512
65$3,157,419$2,204,345$1,976,049$2,567,797
66$3,452,225$2,285,107$2,014,996$2,707,803
67$3,776,243$2,368,968$2,054,389$2,858,413
68$4,132,425$2,456,053$2,094,216$3,020,591
69$4,524,024$2,546,491$2,134,465$3,195,400
70$4,954,625$2,640,419$2,175,119$3,384,006
71$5,428,175$2,737,978$2,216,164$3,587,688
72$5,949,024$2,839,315$2,257,581$3,807,854
73$6,521,967$2,944,583$2,299,352$4,046,051
74$7,152,283$3,053,943$2,341,456$4,303,977
75$7,845,791$3,167,562$2,383,870$4,583,501
76$8,608,902$3,285,612$2,426,570$4,886,675
77$9,448,680$3,408,277$2,469,530$5,215,758
78$10,372,908$3,535,746$2,512,722$5,573,234
79$11,390,161$3,668,214$2,556,115$5,961,833
80$12,509,890$3,805,889$2,599,677$6,384,558
81$13,742,506$3,948,985$2,643,373$6,844,715
82$15,099,482$4,097,726$2,687,167$7,345,938
83$16,593,460$4,252,345$2,731,017$7,892,228
84$18,238,369$4,413,086$2,774,883$8,487,986
85$20,049,558$4,580,203$2,818,717$9,138,056
86$22,043,942$4,753,961$2,862,473$9,847,768
87$24,240,156$4,934,638$2,906,098$10,622,989
88$26,658,738$5,122,521$2,949,538$11,470,177
89$29,322,317$5,317,912$2,992,736$12,396,440
90$32,255,830$5,521,126$3,035,628$13,409,605
91$35,486,753$5,732,490$3,078,151$14,518,287
92$39,045,367$5,952,347$3,120,234$15,731,971
93$42,965,037$6,181,055$3,161,804$17,061,100
94$47,282,530$6,418,986$3,202,784$18,517,175
95$52,038,362$6,666,530$3,243,091$20,112,857
96$57,277,179$6,924,093$3,282,638$21,862,090
97$63,048,178$7,192,101$3,321,334$23,780,230
98$69,405,574$7,470,996$3,359,080$25,884,188
99$76,409,109$7,761,241$3,395,776$28,192,586
100$84,124,615$8,063,319$3,431,311$30,725,938