Can I retire at age 59 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$144,513$143,226$141,970$140,744$139,547$137,179
2 years$71,541$70,209$68,918$67,666$66,451$64,072
3 years$47,220$45,882$44,594$43,354$42,159$39,844
4 years$35,062$33,728$32,453$31,234$30,068$27,835
5 years$27,769$26,443$25,185$23,991$22,858$20,712
6 years$22,909$21,593$20,353$19,186$18,086$16,031
7 years$19,439$18,134$16,914$15,774$14,709$12,745
8 years$16,837$15,544$14,344$13,232$12,203$10,329
9 years$14,815$13,534$12,355$11,271$10,276$8,492
10 years$13,198$11,929$10,771$9,716$8,756$7,060
11 years$11,876$10,620$9,483$8,455$7,530$5,920
12 years$10,775$9,532$8,416$7,417$6,526$4,999
13 years$9,844$8,614$7,519$6,548$5,691$4,246
14 years$9,047$7,830$6,756$5,812$4,988$3,623
15 years$8,357$7,153$6,099$5,184$4,392$3,103
16 years$7,753$6,563$5,530$4,641$3,882$2,667
17 years$7,221$6,044$5,032$4,170$3,442$2,298
18 years$6,749$5,585$4,594$3,758$3,060$1,985
19 years$6,327$5,176$4,205$3,396$2,728$1,718
20 years$5,948$4,810$3,859$3,076$2,436$1,489
21 years$5,605$4,480$3,550$2,791$2,180$1,293
22 years$5,294$4,182$3,272$2,538$1,954$1,124
23 years$5,010$3,911$3,021$2,311$1,754$978
24 years$4,750$3,665$2,794$2,108$1,577$852
25 years$4,512$3,439$2,588$1,925$1,419$743
26 years$4,292$3,232$2,400$1,760$1,278$648
27 years$4,089$3,042$2,229$1,611$1,152$565
28 years$3,900$2,866$2,072$1,476$1,040$494
29 years$3,725$2,704$1,928$1,354$939$431
30 years$3,562$2,554$1,796$1,242$848$377
31 years$3,410$2,414$1,674$1,141$767$330
32 years$3,268$2,284$1,562$1,049$694$288
33 years$3,134$2,163$1,458$964$628$252
34 years$3,009$2,050$1,363$887$568$221
35 years$2,891$1,945$1,274$817$515$193
36 years$2,779$1,846$1,192$752$467$169
37 years$2,674$1,753$1,116$693$423$148
38 years$2,575$1,666$1,045$639$383$130
39 years$2,481$1,584$979$589$348$113
40 years$2,393$1,507$917$543$315$99
41 years$2,308$1,435$860$501$286$87
42 years$2,228$1,366$807$463$260$76
43 years$2,152$1,302$757$427$236$67
44 years$2,079$1,241$711$394$214$59
45 years$2,010$1,183$667$364$194$51
46 years$1,944$1,129$627$336$176$45
47 years$1,881$1,077$589$311$160$39
48 years$1,821$1,028$553$287$145$34
49 years$1,764$982$520$265$132$30
50 years$1,709$938$489$245$120$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,750,000, adding $5,968 every year, while hoping to spend $51,808 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: 67/26/7 Blend
58$1,750,000$1,750,000$1,750,000$1,750,000
59$1,934,656$1,841,906$1,814,781$2,061,572
60$2,076,868$1,877,036$1,820,453$2,181,677
61$2,231,848$1,912,151$1,824,578$2,306,126
62$2,400,846$1,947,196$1,827,051$2,440,790
63$2,585,234$1,982,110$1,827,759$2,586,659
64$2,786,524$2,016,830$1,826,585$2,744,823
65$3,006,380$2,051,284$1,823,406$2,916,482
66$3,246,633$2,085,400$1,818,092$3,102,960
67$3,509,301$2,119,096$1,810,510$3,305,715
68$3,796,603$2,152,285$1,800,516$3,526,350
69$4,110,985$2,184,876$1,787,961$3,766,637
70$4,455,139$2,216,767$1,772,691$4,028,524
71$4,832,028$2,247,854$1,754,541$4,314,160
72$5,244,918$2,278,022$1,733,341$4,625,911
73$5,697,403$2,307,149$1,708,912$4,966,386
74$6,193,443$2,335,104$1,681,065$5,338,459
75$6,737,399$2,361,748$1,649,605$5,745,297
76$7,334,073$2,386,933$1,614,326$6,190,393
77$7,988,756$2,410,501$1,575,014$6,677,593
78$8,707,274$2,432,281$1,531,442$7,211,138
79$9,496,047$2,452,093$1,483,377$7,795,700
80$10,362,145$2,469,747$1,430,571$8,436,431
81$11,313,356$2,485,037$1,372,767$9,139,005
82$12,358,260$2,497,745$1,309,696$9,909,681
83$13,506,309$2,507,641$1,241,078$10,755,353
84$14,767,916$2,514,479$1,166,617$11,683,621
85$16,154,551$2,517,996$1,086,006$12,702,862
86$17,678,852$2,517,915$998,925$13,822,307
87$19,354,744$2,513,941$905,037$15,052,133
88$21,197,564$2,505,761$803,993$16,403,555
89$23,224,215$2,493,042$695,425$17,888,934
90$25,453,315$2,475,432$578,952$19,521,894
91$27,905,381$2,452,556$454,175$21,317,454
92$30,603,016$2,424,017$320,676$23,292,163
93$33,571,126$2,389,396$178,021$25,464,265
94$36,837,151$2,348,246$25,755$27,853,866
95$40,431,325$2,300,096$0$30,483,127
96$44,386,965$2,244,445$0$33,386,687
97$48,740,777$2,180,764$0$36,583,971
98$53,533,207$2,108,493$0$40,102,763
99$58,808,822$2,027,037$0$43,975,807
100$64,616,730$1,935,770$0$48,239,190