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%12.5%
1 years$140,384$139,134$137,914$136,723$135,560$134,145
2 years$69,497$68,203$66,949$65,732$64,553$63,127
3 years$45,871$44,571$43,320$42,115$40,955$39,563
4 years$34,061$32,765$31,526$30,342$29,209$27,863
5 years$26,976$25,688$24,465$23,305$22,204$20,907
6 years$22,255$20,976$19,772$18,637$17,570$16,323
7 years$18,883$17,616$16,430$15,323$14,289$13,093
8 years$16,356$15,100$13,934$12,854$11,854$10,709
9 years$14,392$13,147$12,002$10,949$9,983$8,888
10 years$12,821$11,589$10,463$9,438$8,506$7,461
11 years$11,537$10,317$9,212$8,214$7,315$6,320
12 years$10,467$9,260$8,175$7,205$6,339$5,392
13 years$9,563$8,368$7,304$6,361$5,528$4,627
14 years$8,788$7,606$6,563$5,646$4,846$3,991
15 years$8,118$6,949$5,925$5,035$4,267$3,456
16 years$7,532$6,375$5,372$4,509$3,771$3,003
17 years$7,015$5,871$4,888$4,051$3,343$2,617
18 years$6,556$5,425$4,462$3,651$2,973$2,287
19 years$6,146$5,028$4,085$3,299$2,650$2,003
20 years$5,778$4,672$3,749$2,988$2,367$1,757
21 years$5,445$4,352$3,448$2,712$2,118$1,544
22 years$5,142$4,063$3,178$2,465$1,899$1,358
23 years$4,867$3,800$2,935$2,245$1,704$1,196
24 years$4,615$3,560$2,714$2,048$1,532$1,055
25 years$4,383$3,341$2,514$1,870$1,378$931
26 years$4,169$3,140$2,331$1,710$1,242$823
27 years$3,972$2,955$2,165$1,565$1,119$727
28 years$3,789$2,784$2,013$1,434$1,010$644
29 years$3,619$2,627$1,873$1,315$912$570
30 years$3,460$2,481$1,744$1,207$824$504
31 years$3,313$2,345$1,626$1,108$745$447
32 years$3,174$2,219$1,517$1,019$674$396
33 years$3,044$2,101$1,417$937$610$351
34 years$2,923$1,992$1,324$862$552$311
35 years$2,808$1,889$1,238$793$500$276
36 years$2,700$1,793$1,158$731$453$245
37 years$2,598$1,703$1,084$673$411$217
38 years$2,502$1,618$1,015$621$372$193
39 years$2,411$1,539$951$572$338$171
40 years$2,324$1,464$891$528$306$152
41 years$2,242$1,394$836$487$278$135
42 years$2,164$1,327$784$449$252$120
43 years$2,090$1,265$736$415$229$107
44 years$2,020$1,206$690$383$208$95
45 years$1,953$1,150$648$354$189$84
46 years$1,889$1,097$609$327$171$75
47 years$1,828$1,047$572$302$155$66
48 years$1,769$999$538$279$141$59
49 years$1,713$954$505$258$128$52
50 years$1,660$911$475$238$116$47

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 $5,862 every year, while hoping to spend $49,137 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: 61/15/24 Blend
58$1,700,000$1,700,000$1,700,000$1,700,000
59$1,879,447$1,789,347$1,762,997$1,981,780
60$2,018,869$1,824,743$1,769,776$2,087,280
61$2,170,865$1,860,227$1,775,135$2,196,496
62$2,336,666$1,895,752$1,778,975$2,314,625
63$2,517,627$1,931,264$1,781,191$2,442,544
64$2,715,238$1,966,709$1,781,675$2,581,219
65$2,931,142$2,002,027$1,780,310$2,731,717
66$3,167,144$2,037,152$1,776,976$2,895,212
67$3,425,235$2,072,015$1,771,547$3,072,999
68$3,707,605$2,106,540$1,763,889$3,266,505
69$4,016,666$2,140,645$1,753,865$3,477,306
70$4,355,074$2,174,245$1,741,328$3,707,137
71$4,725,754$2,207,246$1,726,125$3,957,912
72$5,131,927$2,239,547$1,708,096$4,231,740
73$5,577,140$2,271,041$1,687,074$4,530,948
74$6,065,301$2,301,614$1,662,883$4,858,101
75$6,600,711$2,331,143$1,635,339$5,216,026
76$7,188,111$2,359,497$1,604,251$5,607,842
77$7,832,721$2,386,534$1,569,415$6,036,985
78$8,540,290$2,412,107$1,530,623$6,507,246
79$9,317,154$2,436,054$1,487,653$7,022,802
80$10,170,289$2,458,206$1,440,275$7,588,261
81$11,107,382$2,478,381$1,388,247$8,208,701
82$12,136,899$2,496,386$1,331,317$8,889,720
83$13,268,169$2,512,015$1,269,223$9,637,492
84$14,511,467$2,525,049$1,201,687$10,458,823
85$15,878,115$2,535,255$1,128,422$11,361,213
86$17,380,586$2,542,385$1,049,127$12,352,935
87$19,032,620$2,546,176$963,487$13,443,106
88$20,849,356$2,546,348$871,173$14,641,777
89$22,847,475$2,542,604$771,842$15,960,030
90$25,045,354$2,534,628$665,135$17,410,080
91$27,463,241$2,522,086$550,678$19,005,392
92$30,123,445$2,504,621$428,079$20,760,811
93$33,050,547$2,481,858$296,930$22,692,701
94$36,271,630$2,453,397$156,804$24,819,098
95$39,816,536$2,418,814$7,258$27,159,887
96$43,718,147$2,377,659$0$29,736,985
97$48,012,692$2,329,459$0$32,613,562
98$52,740,093$2,273,709$0$35,781,758
99$57,944,337$2,209,875$0$39,269,199
100$63,673,894$2,137,393$0$43,108,376