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

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$141,210$139,952$138,725$137,527$136,358$132,631
2 years$69,906$68,604$67,342$66,119$64,932$61,205
3 years$46,141$44,834$43,575$42,363$41,196$37,584
4 years$34,261$32,957$31,711$30,520$29,381$25,914
5 years$27,135$25,839$24,609$23,442$22,335$19,021
6 years$22,385$21,099$19,888$18,747$17,673$14,515
7 years$18,994$17,719$16,527$15,413$14,373$11,372
8 years$16,452$15,189$14,016$12,930$11,924$9,077
9 years$14,476$13,225$12,072$11,013$10,041$7,347
10 years$12,896$11,657$10,525$9,493$8,556$6,011
11 years$11,604$10,377$9,266$8,262$7,358$4,958
12 years$10,529$9,314$8,223$7,247$6,377$4,117
13 years$9,619$8,417$7,347$6,398$5,560$3,436
14 years$8,840$7,651$6,601$5,679$4,874$2,880
15 years$8,166$6,989$5,960$5,065$4,292$2,423
16 years$7,576$6,413$5,404$4,535$3,793$2,044
17 years$7,056$5,906$4,917$4,075$3,363$1,729
18 years$6,595$5,457$4,489$3,672$2,990$1,465
19 years$6,182$5,058$4,109$3,318$2,665$1,244
20 years$5,812$4,700$3,771$3,005$2,381$1,057
21 years$5,477$4,378$3,469$2,727$2,131$900
22 years$5,173$4,086$3,197$2,480$1,910$767
23 years$4,895$3,822$2,952$2,258$1,714$654
24 years$4,642$3,581$2,730$2,060$1,541$558
25 years$4,409$3,361$2,529$1,881$1,386$476
26 years$4,194$3,158$2,345$1,720$1,249$407
27 years$3,995$2,972$2,178$1,574$1,126$348
28 years$3,811$2,801$2,024$1,443$1,016$297
29 years$3,640$2,642$1,884$1,323$917$254
30 years$3,481$2,495$1,755$1,214$829$218
31 years$3,332$2,359$1,636$1,115$749$186
32 years$3,193$2,232$1,526$1,025$678$159
33 years$3,062$2,114$1,425$942$614$136
34 years$2,940$2,003$1,332$867$555$117
35 years$2,825$1,900$1,245$798$503$100
36 years$2,716$1,804$1,165$735$456$86
37 years$2,613$1,713$1,090$677$413$73
38 years$2,516$1,628$1,021$624$375$63
39 years$2,425$1,548$956$576$340$54
40 years$2,338$1,473$896$531$308$46
41 years$2,255$1,402$841$490$280$39
42 years$2,177$1,335$788$452$254$34
43 years$2,103$1,272$740$417$230$29
44 years$2,032$1,213$694$385$209$25
45 years$1,964$1,156$652$356$190$21
46 years$1,900$1,103$612$329$172$18
47 years$1,838$1,053$575$304$156$16
48 years$1,780$1,005$541$281$142$13
49 years$1,723$960$508$259$129$11
50 years$1,670$917$478$240$117$10

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 $6,661 every year, while hoping to spend $35,881 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: 43/44/13 Blend
58$1,710,000$1,710,000$1,710,000$1,710,000
59$1,891,291$1,800,661$1,774,156$1,965,207
60$2,046,025$1,850,716$1,795,413$2,067,633
61$2,215,340$1,902,021$1,816,180$2,174,419
62$2,400,685$1,954,600$1,836,401$2,289,318
63$2,603,655$2,008,476$1,856,021$2,413,090
64$2,826,008$2,063,672$1,874,978$2,546,569
65$3,069,680$2,120,211$1,893,209$2,690,676
66$3,336,802$2,178,116$1,910,647$2,846,422
67$3,629,722$2,237,410$1,927,219$3,014,920
68$3,951,026$2,298,115$1,942,853$3,197,397
69$4,303,562$2,360,254$1,957,470$3,395,202
70$4,690,466$2,423,847$1,970,986$3,609,819
71$5,115,195$2,488,917$1,983,315$3,842,886
72$5,581,554$2,555,483$1,994,366$4,096,202
73$6,093,738$2,623,567$2,004,042$4,371,752
74$6,656,364$2,693,187$2,012,243$4,671,719
75$7,274,522$2,764,362$2,018,862$4,998,510
76$7,953,817$2,837,109$2,023,787$5,354,773
77$8,700,425$2,911,446$2,026,903$5,743,428
78$9,521,149$2,987,388$2,028,085$6,167,689
79$10,423,486$3,064,949$2,027,205$6,631,098
80$11,415,693$3,144,144$2,024,128$7,137,556
81$12,506,869$3,224,982$2,018,712$7,691,361
82$13,707,039$3,307,475$2,010,807$8,297,248
83$15,027,246$3,391,631$2,000,259$8,960,433
84$16,479,661$3,477,456$1,986,903$9,686,665
85$18,077,690$3,564,956$1,970,568$10,482,275
86$19,836,107$3,654,131$1,951,075$11,354,242
87$21,771,190$3,744,983$1,928,236$12,310,252
88$23,900,872$3,837,508$1,901,852$13,358,779
89$26,244,916$3,931,701$1,871,719$14,509,155
90$28,825,096$4,027,553$1,837,621$15,771,665
91$31,665,406$4,125,053$1,799,331$17,157,645
92$34,792,282$4,224,185$1,756,613$18,679,582
93$38,234,854$4,324,930$1,709,220$20,351,238
94$42,025,223$4,427,265$1,656,892$22,187,779
95$46,198,757$4,531,163$1,599,360$24,205,916
96$50,794,432$4,636,591$1,536,339$26,424,065
97$55,855,192$4,743,512$1,467,534$28,862,519
98$61,428,361$4,851,883$1,392,636$31,543,642
99$67,566,085$4,961,657$1,311,321$34,492,079
100$74,325,826$5,072,779$1,223,251$37,734,988