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%14.6%
1 years$139,559$138,316$137,103$135,919$134,763$132,204
2 years$69,088$67,802$66,555$65,346$64,173$61,605
3 years$45,601$44,309$43,065$41,868$40,714$38,217
4 years$33,860$32,572$31,341$30,163$29,037$26,631
5 years$26,817$25,537$24,322$23,168$22,074$19,764
6 years$22,124$20,853$19,655$18,528$17,466$15,256
7 years$18,772$17,512$16,334$15,233$14,205$12,094
8 years$16,260$15,011$13,852$12,778$11,784$9,773
9 years$14,307$13,070$11,931$10,884$9,924$8,011
10 years$12,745$11,520$10,402$9,382$8,456$6,640
11 years$11,469$10,256$9,157$8,166$7,272$5,551
12 years$10,405$9,205$8,127$7,162$6,302$4,672
13 years$9,507$8,319$7,261$6,323$5,495$3,955
14 years$8,737$7,562$6,524$5,613$4,817$3,363
15 years$8,070$6,908$5,890$5,006$4,241$2,871
16 years$7,487$6,338$5,340$4,482$3,749$2,459
17 years$6,974$5,837$4,860$4,027$3,324$2,111
18 years$6,518$5,393$4,436$3,629$2,955$1,817
19 years$6,110$4,999$4,061$3,279$2,634$1,567
20 years$5,744$4,645$3,727$2,970$2,353$1,353
21 years$5,413$4,327$3,428$2,696$2,106$1,170
22 years$5,112$4,039$3,160$2,451$1,887$1,013
23 years$4,838$3,777$2,917$2,232$1,694$878
24 years$4,587$3,539$2,698$2,036$1,523$762
25 years$4,357$3,321$2,499$1,859$1,370$662
26 years$4,145$3,121$2,318$1,700$1,234$575
27 years$3,949$2,938$2,152$1,556$1,113$500
28 years$3,767$2,768$2,001$1,426$1,004$435
29 years$3,598$2,611$1,862$1,307$907$378
30 years$3,440$2,466$1,734$1,200$819$329
31 years$3,293$2,331$1,617$1,102$741$287
32 years$3,156$2,206$1,508$1,013$670$250
33 years$3,027$2,089$1,408$931$606$217
34 years$2,905$1,980$1,316$857$549$189
35 years$2,791$1,878$1,230$789$497$165
36 years$2,684$1,782$1,151$726$451$144
37 years$2,583$1,693$1,077$669$408$125
38 years$2,487$1,609$1,009$617$370$109
39 years$2,396$1,530$945$569$336$95
40 years$2,310$1,456$886$525$304$83
41 years$2,229$1,386$831$484$276$73
42 years$2,152$1,320$779$447$251$63
43 years$2,078$1,257$731$412$227$55
44 years$2,008$1,198$686$381$206$48
45 years$1,941$1,143$644$352$187$42
46 years$1,878$1,090$605$325$170$37
47 years$1,817$1,040$569$300$155$32
48 years$1,759$993$534$277$140$28
49 years$1,703$948$502$256$127$24
50 years$1,650$906$472$237$116$21

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 $5,838 every year, while hoping to spend $30,665 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: 61/28/11 Blend
58$1,690,000$1,690,000$1,690,000$1,690,000
59$1,868,402$1,778,832$1,752,637$1,977,225
60$2,026,352$1,833,367$1,778,723$2,105,463
61$2,199,384$1,889,547$1,804,655$2,241,310
62$2,389,006$1,947,420$1,830,396$2,388,787
63$2,596,876$2,007,035$1,855,905$2,549,018
64$2,824,821$2,068,443$1,881,141$2,723,243
65$3,074,852$2,131,696$1,906,059$2,912,823
66$3,349,187$2,196,849$1,930,612$3,119,260
67$3,650,266$2,263,956$1,954,749$3,344,204
68$3,980,777$2,333,075$1,978,418$3,589,475
69$4,343,684$2,404,263$2,001,562$3,857,074
70$4,742,249$2,477,581$2,024,124$4,149,205
71$5,180,066$2,553,089$2,046,039$4,468,295
72$5,661,094$2,630,852$2,067,243$4,817,018
73$6,189,696$2,710,935$2,087,666$5,198,318
74$6,770,678$2,793,403$2,107,236$5,615,435
75$7,409,333$2,878,326$2,125,874$6,071,940
76$8,111,494$2,965,773$2,143,500$6,571,766
77$8,883,588$3,055,817$2,160,029$7,119,244
78$9,732,694$3,148,532$2,175,370$7,719,145
79$10,666,612$3,243,994$2,189,428$8,376,724
80$11,693,938$3,342,281$2,202,105$9,097,771
81$12,824,139$3,443,473$2,213,296$9,888,661
82$14,067,650$3,547,652$2,222,890$10,756,421
83$15,435,966$3,654,902$2,230,772$11,708,790
84$16,941,753$3,765,310$2,236,821$12,754,294
85$18,598,966$3,878,965$2,240,909$13,902,325
86$20,422,983$3,995,957$2,242,902$15,163,233
87$22,430,748$4,116,380$2,242,660$16,548,420
88$24,640,931$4,240,329$2,240,036$18,070,446
89$27,074,104$4,367,902$2,234,875$19,743,152
90$29,752,933$4,499,200$2,227,014$21,581,787
91$32,702,397$4,634,326$2,216,284$23,603,153
92$35,950,018$4,773,385$2,202,506$25,825,761
93$39,526,124$4,916,485$2,185,494$28,270,009
94$43,464,133$5,063,737$2,165,052$30,958,372
95$47,800,869$5,215,254$2,140,975$33,915,613
96$52,576,908$5,371,152$2,113,049$37,169,020
97$57,836,965$5,531,550$2,081,048$40,748,660
98$63,630,309$5,696,570$2,044,737$44,687,661
99$70,011,235$5,866,336$2,003,870$49,022,531
100$77,039,570$6,040,976$1,958,189$53,793,494