Can I retire at age 59 with 1,700,000?

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 $1,700,000?

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$140,384$139,134$137,914$136,723$135,560$131,856
2 years$69,497$68,203$66,949$65,732$64,553$60,847
3 years$45,871$44,571$43,320$42,115$40,955$37,365
4 years$34,061$32,765$31,526$30,342$29,209$25,762
5 years$26,976$25,688$24,465$23,305$22,204$18,910
6 years$22,255$20,976$19,772$18,637$17,570$14,430
7 years$18,883$17,616$16,430$15,323$14,289$11,305
8 years$16,356$15,100$13,934$12,854$11,854$9,024
9 years$14,392$13,147$12,002$10,949$9,983$7,305
10 years$12,821$11,589$10,463$9,438$8,506$5,976
11 years$11,537$10,317$9,212$8,214$7,315$4,929
12 years$10,467$9,260$8,175$7,205$6,339$4,093
13 years$9,563$8,368$7,304$6,361$5,528$3,416
14 years$8,788$7,606$6,563$5,646$4,846$2,864
15 years$8,118$6,949$5,925$5,035$4,267$2,409
16 years$7,532$6,375$5,372$4,509$3,771$2,032
17 years$7,015$5,871$4,888$4,051$3,343$1,719
18 years$6,556$5,425$4,462$3,651$2,973$1,457
19 years$6,146$5,028$4,085$3,299$2,650$1,237
20 years$5,778$4,672$3,749$2,988$2,367$1,051
21 years$5,445$4,352$3,448$2,712$2,118$895
22 years$5,142$4,063$3,178$2,465$1,899$762
23 years$4,867$3,800$2,935$2,245$1,704$650
24 years$4,615$3,560$2,714$2,048$1,532$555
25 years$4,383$3,341$2,514$1,870$1,378$473
26 years$4,169$3,140$2,331$1,710$1,242$404
27 years$3,972$2,955$2,165$1,565$1,119$346
28 years$3,789$2,784$2,013$1,434$1,010$296
29 years$3,619$2,627$1,873$1,315$912$253
30 years$3,460$2,481$1,744$1,207$824$216
31 years$3,313$2,345$1,626$1,108$745$185
32 years$3,174$2,219$1,517$1,019$674$158
33 years$3,044$2,101$1,417$937$610$136
34 years$2,923$1,992$1,324$862$552$116
35 years$2,808$1,889$1,238$793$500$99
36 years$2,700$1,793$1,158$731$453$85
37 years$2,598$1,703$1,084$673$411$73
38 years$2,502$1,618$1,015$621$372$62
39 years$2,411$1,539$951$572$338$53
40 years$2,324$1,464$891$528$306$46
41 years$2,242$1,394$836$487$278$39
42 years$2,164$1,327$784$449$252$34
43 years$2,090$1,265$736$415$229$29
44 years$2,020$1,206$690$383$208$25
45 years$1,953$1,150$648$354$189$21
46 years$1,889$1,097$609$327$171$18
47 years$1,828$1,047$572$302$155$16
48 years$1,769$999$538$279$141$13
49 years$1,713$954$505$258$128$11
50 years$1,660$911$475$238$116$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,700,000, adding $2,519 every year, while hoping to spend $52,050 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: 55/25/20 Blend
58$1,700,000$1,700,000$1,700,000$1,700,000
59$1,875,998$1,785,898$1,759,548$1,968,898
60$2,011,969$1,818,027$1,763,112$2,064,824
61$2,160,065$1,849,985$1,765,051$2,163,497
62$2,321,467$1,881,709$1,765,256$2,269,820
63$2,497,476$1,913,132$1,763,611$2,384,539
64$2,689,523$1,944,180$1,759,997$2,508,477
65$2,899,184$1,974,774$1,754,286$2,642,544
66$3,128,193$2,004,831$1,746,347$2,787,741
67$3,378,460$2,034,259$1,736,041$2,945,173
68$3,652,086$2,062,961$1,723,222$3,116,058
69$3,951,387$2,090,834$1,707,738$3,301,741
70$4,278,910$2,117,767$1,689,429$3,503,705
71$4,637,462$2,143,641$1,668,128$3,723,584
72$5,030,133$2,168,328$1,643,660$3,963,182
73$5,460,324$2,191,695$1,615,840$4,224,489
74$5,931,785$2,213,595$1,584,478$4,509,698
75$6,448,641$2,233,876$1,549,373$4,821,229
76$7,015,439$2,252,372$1,510,313$5,161,751
77$7,637,185$2,268,909$1,467,080$5,534,207
78$8,319,394$2,283,302$1,419,443$5,941,843
79$9,068,139$2,295,350$1,367,161$6,388,239
80$9,890,111$2,304,845$1,309,983$6,877,344
81$10,792,681$2,311,560$1,247,646$7,413,511
82$11,783,967$2,315,259$1,179,874$8,001,542
83$12,872,913$2,315,688$1,106,381$8,646,732
84$14,069,370$2,312,577$1,026,866$9,354,921
85$15,384,195$2,305,642$941,014$10,132,548
86$16,829,344$2,294,579$848,499$10,986,712
87$18,417,990$2,279,067$748,977$11,925,245
88$20,164,648$2,258,765$642,091$12,956,779
89$22,085,308$2,233,310$527,467$14,090,835
90$24,197,587$2,202,320$404,715$15,337,909
91$26,520,896$2,165,388$273,427$16,709,576
92$29,076,619$2,122,084$133,179$18,218,596
93$31,888,319$2,071,951$0$19,879,041
94$34,981,958$2,014,508$0$21,709,941
95$38,386,141$1,949,242$0$23,755,441
96$42,132,386$1,875,613$0$26,006,051
97$46,255,419$1,793,048$0$28,482,667
98$50,793,506$1,700,941$0$31,208,323
99$55,788,809$1,598,652$0$34,208,405
100$61,287,785$1,485,504$0$37,510,891