Can I retire at age 59 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$141,210$139,952$138,725$137,527$136,358$131,207
2 years$69,906$68,604$67,342$66,119$64,932$59,803
3 years$46,141$44,834$43,575$42,363$41,196$36,249
4 years$34,261$32,957$31,711$30,520$29,381$24,654
5 years$27,135$25,839$24,609$23,442$22,335$17,841
6 years$22,385$21,099$19,888$18,747$17,673$13,414
7 years$18,994$17,719$16,527$15,413$14,373$10,349
8 years$16,452$15,189$14,016$12,930$11,924$8,130
9 years$14,476$13,225$12,072$11,013$10,041$6,473
10 years$12,896$11,657$10,525$9,493$8,556$5,206
11 years$11,604$10,377$9,266$8,262$7,358$4,220
12 years$10,529$9,314$8,223$7,247$6,377$3,442
13 years$9,619$8,417$7,347$6,398$5,560$2,821
14 years$8,840$7,651$6,601$5,679$4,874$2,321
15 years$8,166$6,989$5,960$5,065$4,292$1,915
16 years$7,576$6,413$5,404$4,535$3,793$1,585
17 years$7,056$5,906$4,917$4,075$3,363$1,314
18 years$6,595$5,457$4,489$3,672$2,990$1,091
19 years$6,182$5,058$4,109$3,318$2,665$908
20 years$5,812$4,700$3,771$3,005$2,381$756
21 years$5,477$4,378$3,469$2,727$2,131$630
22 years$5,173$4,086$3,197$2,480$1,910$525
23 years$4,895$3,822$2,952$2,258$1,714$439
24 years$4,642$3,581$2,730$2,060$1,541$366
25 years$4,409$3,361$2,529$1,881$1,386$306
26 years$4,194$3,158$2,345$1,720$1,249$256
27 years$3,995$2,972$2,178$1,574$1,126$214
28 years$3,811$2,801$2,024$1,443$1,016$179
29 years$3,640$2,642$1,884$1,323$917$150
30 years$3,481$2,495$1,755$1,214$829$125
31 years$3,332$2,359$1,636$1,115$749$105
32 years$3,193$2,232$1,526$1,025$678$88
33 years$3,062$2,114$1,425$942$614$73
34 years$2,940$2,003$1,332$867$555$61
35 years$2,825$1,900$1,245$798$503$51
36 years$2,716$1,804$1,165$735$456$43
37 years$2,613$1,713$1,090$677$413$36
38 years$2,516$1,628$1,021$624$375$30
39 years$2,425$1,548$956$576$340$25
40 years$2,338$1,473$896$531$308$21
41 years$2,255$1,402$841$490$280$18
42 years$2,177$1,335$788$452$254$15
43 years$2,103$1,272$740$417$230$12
44 years$2,032$1,213$694$385$209$10
45 years$1,964$1,156$652$356$190$9
46 years$1,900$1,103$612$329$172$7
47 years$1,838$1,053$575$304$156$6
48 years$1,780$1,005$541$281$142$5
49 years$1,723$960$508$259$129$4
50 years$1,670$917$478$240$117$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,710,000, adding $3,594 every year, while hoping to spend $22,235 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: 76/18/6 Blend
58$1,710,000$1,710,000$1,710,000$1,710,000
59$1,888,127$1,797,497$1,770,992$2,030,239
60$2,057,058$1,861,917$1,806,663$2,188,516
61$2,242,475$1,928,748$1,842,783$2,358,731
62$2,446,036$1,998,084$1,879,344$2,544,644
63$2,669,567$2,070,026$1,916,337$2,747,804
64$2,915,080$2,144,674$1,953,752$2,969,914
65$3,184,792$2,222,137$1,991,577$3,212,849
66$3,481,144$2,302,526$2,029,798$3,478,676
67$3,806,827$2,385,955$2,068,402$3,769,668
68$4,164,803$2,472,547$2,107,374$4,088,329
69$4,558,338$2,562,427$2,146,695$4,437,416
70$4,991,028$2,655,725$2,186,350$4,819,966
71$5,466,837$2,752,579$2,226,316$5,239,321
72$5,990,129$2,853,131$2,266,573$5,699,164
73$6,565,717$2,957,529$2,307,097$6,203,551
74$7,198,899$3,065,926$2,347,864$6,756,947
75$7,895,515$3,178,485$2,388,845$7,364,274
76$8,661,999$3,295,373$2,430,013$8,030,948
77$9,505,440$3,416,764$2,471,337$8,762,939
78$10,433,650$3,542,840$2,512,781$9,566,820
79$11,455,236$3,673,792$2,554,312$10,449,835
80$12,579,679$3,809,817$2,595,891$11,419,960
81$13,817,430$3,951,122$2,637,477$12,485,984
82$15,180,002$4,097,921$2,679,027$13,657,587
83$16,680,082$4,250,439$2,720,494$14,945,434
84$18,331,650$4,408,910$2,761,830$16,361,275
85$20,150,108$4,573,577$2,802,982$17,918,053
86$22,152,432$4,744,694$2,843,894$19,630,029
87$24,357,323$4,922,528$2,884,507$21,512,914
88$26,785,391$5,107,353$2,924,760$23,584,017
89$29,459,346$5,299,459$2,964,585$25,862,408
90$32,404,213$5,499,146$3,003,912$28,369,098
91$35,647,567$5,706,728$3,042,667$31,127,237
92$39,219,794$5,922,533$3,080,771$34,162,332
93$43,154,378$6,146,901$3,118,142$37,502,485
94$47,488,215$6,380,190$3,154,690$41,178,659
95$52,261,964$6,622,771$3,190,324$45,224,973
96$57,520,430$6,875,032$3,224,945$49,679,016
97$63,312,982$7,137,377$3,258,449$54,582,210
98$69,694,028$7,410,230$3,290,728$59,980,192
99$76,723,518$7,694,031$3,321,667$65,923,251
100$84,467,519$7,989,240$3,351,145$72,466,796