Can I retire at age 59 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$142,862$141,589$140,348$139,136$137,953$133,697
2 years$70,724$69,406$68,130$66,892$65,692$61,442
3 years$46,681$45,358$44,085$42,859$41,678$37,566
4 years$34,662$33,343$32,082$30,877$29,725$25,784
5 years$27,452$26,141$24,897$23,717$22,596$18,836
6 years$22,647$21,346$20,121$18,966$17,880$14,303
7 years$19,217$17,927$16,720$15,593$14,541$11,149
8 years$16,645$15,366$14,180$13,081$12,063$8,852
9 years$14,646$13,379$12,213$11,142$10,159$7,126
10 years$13,047$11,793$10,648$9,604$8,656$5,797
11 years$11,740$10,499$9,374$8,359$7,444$4,754
12 years$10,652$9,423$8,319$7,332$6,451$3,924
13 years$9,732$8,516$7,433$6,473$5,626$3,255
14 years$8,943$7,741$6,678$5,746$4,931$2,712
15 years$8,261$7,071$6,030$5,124$4,342$2,267
16 years$7,665$6,488$5,467$4,588$3,837$1,900
17 years$7,139$5,975$4,975$4,123$3,402$1,597
18 years$6,672$5,521$4,541$3,715$3,025$1,344
19 years$6,255$5,117$4,157$3,357$2,697$1,133
20 years$5,880$4,755$3,815$3,040$2,409$957
21 years$5,541$4,429$3,509$2,759$2,155$809
22 years$5,233$4,134$3,234$2,509$1,932$684
23 years$4,953$3,867$2,986$2,285$1,734$579
24 years$4,696$3,623$2,762$2,084$1,559$491
25 years$4,460$3,400$2,558$1,903$1,403$416
26 years$4,243$3,195$2,372$1,740$1,264$353
27 years$4,042$3,007$2,203$1,593$1,139$299
28 years$3,856$2,834$2,048$1,459$1,028$254
29 years$3,683$2,673$1,906$1,338$928$216
30 years$3,522$2,525$1,775$1,228$839$183
31 years$3,371$2,387$1,655$1,128$758$156
32 years$3,230$2,258$1,544$1,037$686$132
33 years$3,098$2,139$1,442$953$621$112
34 years$2,974$2,027$1,347$877$562$95
35 years$2,858$1,922$1,259$807$509$81
36 years$2,748$1,825$1,178$744$461$69
37 years$2,644$1,733$1,103$685$418$59
38 years$2,546$1,647$1,033$632$379$50
39 years$2,453$1,566$968$582$344$42
40 years$2,365$1,490$907$537$312$36
41 years$2,282$1,418$850$496$283$31
42 years$2,203$1,351$798$457$257$26
43 years$2,127$1,287$748$422$233$22
44 years$2,055$1,227$703$390$211$19
45 years$1,987$1,170$660$360$192$16
46 years$1,922$1,116$620$333$174$14
47 years$1,860$1,065$582$307$158$12
48 years$1,800$1,017$547$284$144$10
49 years$1,743$971$514$262$130$8
50 years$1,689$927$483$242$119$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,730,000, adding $3,069 every year, while hoping to spend $43,337 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: 82/9/9 Blend
58$1,730,000$1,730,000$1,730,000$1,730,000
59$1,909,626$1,817,936$1,791,121$2,063,558
60$2,058,297$1,860,904$1,805,013$2,207,740
61$2,220,681$1,904,526$1,817,918$2,359,927
62$2,398,129$1,948,787$1,829,758$2,525,693
63$2,592,132$1,993,671$1,840,448$2,706,375
64$2,804,329$2,039,160$1,849,903$2,903,444
65$3,036,526$2,085,234$1,858,030$3,118,521
66$3,290,711$2,131,870$1,864,733$3,353,394
67$3,569,073$2,179,041$1,869,911$3,610,027
68$3,874,023$2,226,719$1,873,458$3,890,588
69$4,208,217$2,274,872$1,875,262$4,197,463
70$4,574,579$2,323,464$1,875,207$4,533,279
71$4,976,328$2,372,456$1,873,169$4,900,932
72$5,417,014$2,421,806$1,869,020$5,303,612
73$5,900,541$2,471,467$1,862,624$5,744,833
74$6,431,215$2,521,388$1,853,841$6,228,465
75$7,013,775$2,571,512$1,842,521$6,758,773
76$7,653,444$2,621,780$1,828,509$7,340,456
77$8,355,973$2,672,125$1,811,642$7,978,691
78$9,127,700$2,722,476$1,791,749$8,679,181
79$9,975,603$2,772,756$1,768,651$9,448,211
80$10,907,375$2,822,881$1,742,161$10,292,704
81$11,931,487$2,872,762$1,712,083$11,220,290
82$13,057,272$2,922,301$1,678,211$12,239,374
83$14,295,014$2,971,394$1,640,331$13,359,221
84$15,656,042$3,019,928$1,598,218$14,590,034
85$17,152,836$3,067,783$1,551,637$15,943,061
86$18,799,150$3,114,828$1,500,341$17,430,694
87$20,610,134$3,160,926$1,444,074$19,066,586
88$22,602,484$3,205,927$1,382,566$20,865,786
89$24,794,591$3,249,672$1,315,536$22,844,873
90$27,206,724$3,291,990$1,242,691$25,022,116
91$29,861,211$3,332,699$1,163,722$27,417,650
92$32,782,656$3,371,603$1,078,309$30,053,660
93$35,998,171$3,408,495$986,116$32,954,592
94$39,537,626$3,443,153$886,792$36,147,387
95$43,433,936$3,475,340$779,972$39,661,731
96$47,723,369$3,504,803$665,273$43,530,339
97$52,445,889$3,531,275$542,295$47,789,261
98$57,645,529$3,554,467$410,622$52,478,223
99$63,370,813$3,574,076$269,818$57,641,002
100$69,675,207$3,589,777$119,428$63,325,842