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

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$142,862$141,589$140,348$139,136$137,953$133,644
2 years$70,724$69,406$68,130$66,892$65,692$61,389
3 years$46,681$45,358$44,085$42,859$41,678$37,516
4 years$34,662$33,343$32,082$30,877$29,725$25,736
5 years$27,452$26,141$24,897$23,717$22,596$18,791
6 years$22,647$21,346$20,121$18,966$17,880$14,262
7 years$19,217$17,927$16,720$15,593$14,541$11,110
8 years$16,645$15,366$14,180$13,081$12,063$8,816
9 years$14,646$13,379$12,213$11,142$10,159$7,093
10 years$13,047$11,793$10,648$9,604$8,656$5,766
11 years$11,740$10,499$9,374$8,359$7,444$4,726
12 years$10,652$9,423$8,319$7,332$6,451$3,898
13 years$9,732$8,516$7,433$6,473$5,626$3,232
14 years$8,943$7,741$6,678$5,746$4,931$2,691
15 years$8,261$7,071$6,030$5,124$4,342$2,247
16 years$7,665$6,488$5,467$4,588$3,837$1,883
17 years$7,139$5,975$4,975$4,123$3,402$1,581
18 years$6,672$5,521$4,541$3,715$3,025$1,330
19 years$6,255$5,117$4,157$3,357$2,697$1,120
20 years$5,880$4,755$3,815$3,040$2,409$945
21 years$5,541$4,429$3,509$2,759$2,155$798
22 years$5,233$4,134$3,234$2,509$1,932$675
23 years$4,953$3,867$2,986$2,285$1,734$571
24 years$4,696$3,623$2,762$2,084$1,559$483
25 years$4,460$3,400$2,558$1,903$1,403$409
26 years$4,243$3,195$2,372$1,740$1,264$347
27 years$4,042$3,007$2,203$1,593$1,139$294
28 years$3,856$2,834$2,048$1,459$1,028$249
29 years$3,683$2,673$1,906$1,338$928$211
30 years$3,522$2,525$1,775$1,228$839$179
31 years$3,371$2,387$1,655$1,128$758$152
32 years$3,230$2,258$1,544$1,037$686$129
33 years$3,098$2,139$1,442$953$621$110
34 years$2,974$2,027$1,347$877$562$93
35 years$2,858$1,922$1,259$807$509$79
36 years$2,748$1,825$1,178$744$461$67
37 years$2,644$1,733$1,103$685$418$57
38 years$2,546$1,647$1,033$632$379$48
39 years$2,453$1,566$968$582$344$41
40 years$2,365$1,490$907$537$312$35
41 years$2,282$1,418$850$496$283$30
42 years$2,203$1,351$798$457$257$25
43 years$2,127$1,287$748$422$233$21
44 years$2,055$1,227$703$390$211$18
45 years$1,987$1,170$660$360$192$15
46 years$1,922$1,116$620$333$174$13
47 years$1,860$1,065$582$307$158$11
48 years$1,800$1,017$547$284$144$9
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 $5,146 every year, while hoping to spend $38,966 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: 49/31/20 Blend
58$1,730,000$1,730,000$1,730,000$1,730,000
59$1,911,768$1,820,078$1,793,263$1,994,474
60$2,065,309$1,867,802$1,811,878$2,100,111
61$2,233,205$1,916,559$1,829,810$2,210,427
62$2,416,879$1,966,358$1,846,996$2,329,451
63$2,617,899$2,017,207$1,863,369$2,458,017
64$2,837,989$2,069,115$1,878,856$2,597,046
65$3,079,050$2,122,088$1,893,384$2,747,549
66$3,343,174$2,176,131$1,906,873$2,910,643
67$3,632,666$2,231,249$1,919,241$3,087,556
68$3,950,063$2,287,446$1,930,401$3,279,642
69$4,298,161$2,344,722$1,940,261$3,488,392
70$4,680,038$2,403,079$1,948,725$3,715,449
71$5,099,087$2,462,514$1,955,692$3,962,622
72$5,559,041$2,523,025$1,961,054$4,231,906
73$6,064,015$2,584,605$1,964,702$4,525,498
74$6,618,543$2,647,249$1,966,518$4,845,819
75$7,227,616$2,710,946$1,966,378$5,195,536
76$7,896,735$2,775,685$1,964,154$5,577,589
77$8,631,960$2,841,451$1,959,711$5,995,217
78$9,439,964$2,908,226$1,952,906$6,451,991
79$10,328,103$2,975,992$1,943,590$6,951,843
80$11,304,477$3,044,723$1,931,609$7,499,109
81$12,378,014$3,114,395$1,916,797$8,098,567
82$13,558,546$3,184,975$1,898,985$8,755,481
83$14,856,909$3,256,429$1,877,992$9,475,654
84$16,285,039$3,328,720$1,853,630$10,265,480
85$17,856,090$3,401,804$1,825,703$11,132,007
86$19,584,552$3,475,633$1,794,005$12,083,002
87$21,486,392$3,550,155$1,758,320$13,127,026
88$23,579,203$3,625,312$1,718,423$14,273,512
89$25,882,368$3,701,038$1,674,076$15,532,858
90$28,417,246$3,777,265$1,625,034$16,916,523
91$31,207,369$3,853,916$1,571,037$18,437,137
92$34,278,670$3,930,907$1,511,816$20,108,619
93$37,659,720$4,008,147$1,447,088$21,946,310
94$41,382,003$4,085,538$1,376,557$23,967,118
95$45,480,210$4,162,972$1,299,914$26,189,676
96$49,992,567$4,240,333$1,216,837$28,634,521
97$54,961,196$4,317,497$1,126,988$31,324,289
98$60,432,511$4,394,327$1,030,015$34,283,926
99$66,457,656$4,470,678$925,550$37,540,924
100$73,092,989$4,546,393$813,207$41,125,586