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%18.2%
1 years$141,210$139,952$138,725$137,527$136,358$131,835
2 years$69,906$68,604$67,342$66,119$64,932$60,419
3 years$46,141$44,834$43,575$42,363$41,196$36,834
4 years$34,261$32,957$31,711$30,520$29,381$25,205
5 years$27,135$25,839$24,609$23,442$22,335$18,355
6 years$22,385$21,099$19,888$18,747$17,673$13,892
7 years$18,994$17,719$16,527$15,413$14,373$10,791
8 years$16,452$15,189$14,016$12,930$11,924$8,538
9 years$14,476$13,225$12,072$11,013$10,041$6,848
10 years$12,896$11,657$10,525$9,493$8,556$5,550
11 years$11,604$10,377$9,266$8,262$7,358$4,534
12 years$10,529$9,314$8,223$7,247$6,377$3,727
13 years$9,619$8,417$7,347$6,398$5,560$3,080
14 years$8,840$7,651$6,601$5,679$4,874$2,555
15 years$8,166$6,989$5,960$5,065$4,292$2,127
16 years$7,576$6,413$5,404$4,535$3,793$1,775
17 years$7,056$5,906$4,917$4,075$3,363$1,485
18 years$6,595$5,457$4,489$3,672$2,990$1,244
19 years$6,182$5,058$4,109$3,318$2,665$1,044
20 years$5,812$4,700$3,771$3,005$2,381$878
21 years$5,477$4,378$3,469$2,727$2,131$738
22 years$5,173$4,086$3,197$2,480$1,910$622
23 years$4,895$3,822$2,952$2,258$1,714$524
24 years$4,642$3,581$2,730$2,060$1,541$442
25 years$4,409$3,361$2,529$1,881$1,386$373
26 years$4,194$3,158$2,345$1,720$1,249$315
27 years$3,995$2,972$2,178$1,574$1,126$266
28 years$3,811$2,801$2,024$1,443$1,016$224
29 years$3,640$2,642$1,884$1,323$917$190
30 years$3,481$2,495$1,755$1,214$829$160
31 years$3,332$2,359$1,636$1,115$749$135
32 years$3,193$2,232$1,526$1,025$678$114
33 years$3,062$2,114$1,425$942$614$97
34 years$2,940$2,003$1,332$867$555$82
35 years$2,825$1,900$1,245$798$503$69
36 years$2,716$1,804$1,165$735$456$58
37 years$2,613$1,713$1,090$677$413$49
38 years$2,516$1,628$1,021$624$375$42
39 years$2,425$1,548$956$576$340$35
40 years$2,338$1,473$896$531$308$30
41 years$2,255$1,402$841$490$280$25
42 years$2,177$1,335$788$452$254$21
43 years$2,103$1,272$740$417$230$18
44 years$2,032$1,213$694$385$209$15
45 years$1,964$1,156$652$356$190$13
46 years$1,900$1,103$612$329$172$11
47 years$1,838$1,053$575$304$156$9
48 years$1,780$1,005$541$281$142$8
49 years$1,723$960$508$259$129$7
50 years$1,670$917$478$240$117$6

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 $6,138 every year, while hoping to spend $50,819 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: 81/7/12 Blend
58$1,710,000$1,710,000$1,710,000$1,710,000
59$1,890,751$1,800,121$1,773,616$2,039,299
60$2,029,537$1,834,256$1,778,961$2,171,792
61$2,180,775$1,868,361$1,782,782$2,309,922
62$2,345,683$1,902,379$1,784,974$2,460,050
63$2,525,600$1,936,252$1,785,428$2,623,354
64$2,721,998$1,969,916$1,784,027$2,801,129
65$2,936,501$2,003,301$1,780,651$2,994,805
66$3,170,894$2,036,333$1,775,173$3,205,955
67$3,427,144$2,068,932$1,767,460$3,436,311
68$3,707,415$2,101,012$1,757,372$3,687,781
69$4,014,091$2,132,481$1,744,763$3,962,470
70$4,349,796$2,163,240$1,729,481$4,262,693
71$4,717,421$2,193,184$1,711,364$4,591,003
72$5,120,147$2,222,200$1,690,244$4,950,212
73$5,561,481$2,250,166$1,665,946$5,343,418
74$6,045,281$2,276,954$1,638,284$5,774,034
75$6,575,800$2,302,424$1,607,067$6,245,821
76$7,157,719$2,326,431$1,572,091$6,762,923
77$7,796,197$2,348,816$1,533,147$7,329,907
78$8,496,914$2,369,413$1,490,012$7,951,803
79$9,266,127$2,388,042$1,442,455$8,634,156
80$10,110,729$2,404,514$1,390,235$9,383,075
81$11,038,314$2,418,625$1,333,098$10,205,292
82$12,057,246$2,430,162$1,270,781$11,108,223
83$13,176,739$2,438,894$1,203,006$12,100,044
84$14,406,944$2,444,577$1,129,484$13,189,762
85$15,759,045$2,446,954$1,049,915$14,387,304
86$17,245,362$2,445,749$963,981$15,703,607
87$18,879,468$2,440,671$871,354$17,150,726
88$20,676,319$2,431,408$771,689$18,741,945
89$22,652,389$2,417,632$664,626$20,491,900
90$24,825,831$2,398,995$549,790$22,416,725
91$27,216,646$2,375,126$426,788$24,534,196
92$29,846,869$2,345,632$295,210$26,863,903
93$32,740,780$2,310,099$154,630$29,427,435
94$35,925,130$2,268,084$4,600$32,248,585
95$39,429,394$2,219,121$0$35,353,570
96$43,286,051$2,162,716$0$38,791,196
97$47,530,884$2,098,346$0$42,575,316
98$52,203,325$2,025,455$0$46,740,496
99$57,346,820$1,943,458$0$51,325,473
100$63,009,242$1,851,734$0$56,372,935