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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$139,559$138,316$137,103$135,919$134,763$130,189
2 years$69,088$67,802$66,555$65,346$64,173$59,610
3 years$45,601$44,309$43,065$41,868$40,714$36,306
4 years$33,860$32,572$31,341$30,163$29,037$24,818
5 years$26,817$25,537$24,322$23,168$22,074$18,055
6 years$22,124$20,853$19,655$18,528$17,466$13,650
7 years$18,772$17,512$16,334$15,233$14,205$10,591
8 years$16,260$15,011$13,852$12,778$11,784$8,370
9 years$14,307$13,070$11,931$10,884$9,924$6,705
10 years$12,745$11,520$10,402$9,382$8,456$5,427
11 years$11,469$10,256$9,157$8,166$7,272$4,428
12 years$10,405$9,205$8,127$7,162$6,302$3,635
13 years$9,507$8,319$7,261$6,323$5,495$3,000
14 years$8,737$7,562$6,524$5,613$4,817$2,485
15 years$8,070$6,908$5,890$5,006$4,241$2,066
16 years$7,487$6,338$5,340$4,482$3,749$1,721
17 years$6,974$5,837$4,860$4,027$3,324$1,438
18 years$6,518$5,393$4,436$3,629$2,955$1,203
19 years$6,110$4,999$4,061$3,279$2,634$1,008
20 years$5,744$4,645$3,727$2,970$2,353$846
21 years$5,413$4,327$3,428$2,696$2,106$711
22 years$5,112$4,039$3,160$2,451$1,887$598
23 years$4,838$3,777$2,917$2,232$1,694$503
24 years$4,587$3,539$2,698$2,036$1,523$423
25 years$4,357$3,321$2,499$1,859$1,370$356
26 years$4,145$3,121$2,318$1,700$1,234$300
27 years$3,949$2,938$2,152$1,556$1,113$253
28 years$3,767$2,768$2,001$1,426$1,004$213
29 years$3,598$2,611$1,862$1,307$907$180
30 years$3,440$2,466$1,734$1,200$819$152
31 years$3,293$2,331$1,617$1,102$741$128
32 years$3,156$2,206$1,508$1,013$670$108
33 years$3,027$2,089$1,408$931$606$91
34 years$2,905$1,980$1,316$857$549$77
35 years$2,791$1,878$1,230$789$497$65
36 years$2,684$1,782$1,151$726$451$55
37 years$2,583$1,693$1,077$669$408$46
38 years$2,487$1,609$1,009$617$370$39
39 years$2,396$1,530$945$569$336$33
40 years$2,310$1,456$886$525$304$28
41 years$2,229$1,386$831$484$276$24
42 years$2,152$1,320$779$447$251$20
43 years$2,078$1,257$731$412$227$17
44 years$2,008$1,198$686$381$206$14
45 years$1,941$1,143$644$352$187$12
46 years$1,878$1,090$605$325$170$10
47 years$1,817$1,040$569$300$155$9
48 years$1,759$993$534$277$140$7
49 years$1,703$948$502$256$127$6
50 years$1,650$906$472$237$116$5

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 $6,750 every year, while hoping to spend $24,205 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: 30/46/24 Blend
58$1,690,000$1,690,000$1,690,000$1,690,000
59$1,869,343$1,779,773$1,753,578$1,911,348
60$2,034,262$1,841,228$1,786,569$2,005,709
61$2,215,191$1,904,883$1,819,853$2,104,546
62$2,413,739$1,970,820$1,853,417$2,210,379
63$2,631,675$2,039,125$1,887,241$2,323,831
64$2,870,950$2,109,886$1,921,308$2,445,586
65$3,133,713$2,183,197$1,955,598$2,576,392
66$3,422,331$2,259,152$1,990,089$2,717,074
67$3,739,410$2,337,852$2,024,759$2,868,535
68$4,087,824$2,419,401$2,059,582$3,031,770
69$4,470,736$2,503,905$2,094,532$3,207,870
70$4,891,632$2,591,478$2,129,580$3,398,035
71$5,354,354$2,682,236$2,164,696$3,603,583
72$5,863,132$2,776,300$2,199,848$3,825,963
73$6,422,629$2,873,796$2,235,000$4,066,770
74$7,037,980$2,974,855$2,270,115$4,327,754
75$7,714,845$3,079,613$2,305,155$4,610,844
76$8,459,458$3,188,213$2,340,077$4,918,158
77$9,278,689$3,300,802$2,374,836$5,252,027
78$10,180,107$3,417,534$2,409,385$5,615,017
79$11,172,052$3,538,567$2,443,673$6,009,950
80$12,263,713$3,664,069$2,477,648$6,439,929
81$13,465,216$3,794,211$2,511,253$6,908,372
82$14,787,715$3,929,175$2,544,427$7,419,040
83$16,243,504$4,069,147$2,577,108$7,976,070
84$17,846,128$4,214,322$2,609,228$8,584,019
85$19,610,513$4,364,903$2,640,716$9,247,900
86$21,553,102$4,521,101$2,671,497$9,973,235
87$23,692,019$4,683,135$2,701,493$10,766,100
88$26,047,232$4,851,235$2,730,619$11,633,187
89$28,640,742$5,025,639$2,758,788$12,581,864
90$31,496,797$5,206,594$2,785,907$13,620,242
91$34,642,112$5,394,359$2,811,876$14,757,255
92$38,106,128$5,589,203$2,836,594$16,002,739
93$41,921,284$5,791,405$2,859,952$17,367,528
94$46,123,329$6,001,258$2,881,834$18,863,553
95$50,751,654$6,219,065$2,902,121$20,503,952
96$55,849,666$6,445,142$2,920,685$22,303,198
97$61,465,198$6,679,820$2,937,394$24,277,230
98$67,650,958$6,923,441$2,952,106$26,443,604
99$74,465,029$7,176,363$2,964,675$28,821,660
100$81,971,416$7,438,959$2,974,946$31,432,699