Can I retire at age 59 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$145,339$144,045$142,781$141,549$140,345$135,311
2 years$71,950$70,610$69,311$68,052$66,831$61,814
3 years$47,490$46,144$44,849$43,602$42,400$37,558
4 years$35,263$33,921$32,639$31,413$30,240$25,610
5 years$27,928$26,595$25,329$24,128$22,988$18,581
6 years$23,040$21,716$20,470$19,295$18,190$14,009
7 years$19,550$18,237$17,010$15,864$14,793$10,839
8 years$16,933$15,633$14,426$13,308$12,272$8,540
9 years$14,900$13,611$12,425$11,335$10,335$6,821
10 years$13,273$11,998$10,833$9,771$8,806$5,503
11 years$11,944$10,681$9,537$8,504$7,573$4,475
12 years$10,836$9,586$8,464$7,459$6,563$3,662
13 years$9,900$8,663$7,562$6,585$5,723$3,011
14 years$9,099$7,875$6,794$5,846$5,017$2,486
15 years$8,404$7,194$6,134$5,213$4,417$2,059
16 years$7,797$6,600$5,562$4,668$3,904$1,710
17 years$7,263$6,078$5,061$4,194$3,461$1,423
18 years$6,788$5,617$4,620$3,780$3,078$1,186
19 years$6,363$5,206$4,229$3,415$2,743$990
20 years$5,982$4,837$3,881$3,093$2,450$828
21 years$5,637$4,506$3,570$2,807$2,193$693
22 years$5,324$4,206$3,290$2,552$1,966$580
23 years$5,039$3,934$3,038$2,325$1,764$486
24 years$4,777$3,686$2,810$2,120$1,586$408
25 years$4,538$3,459$2,602$1,936$1,427$342
26 years$4,316$3,251$2,414$1,770$1,285$287
27 years$4,112$3,059$2,241$1,620$1,159$241
28 years$3,923$2,883$2,084$1,485$1,046$202
29 years$3,747$2,720$1,939$1,361$944$170
30 years$3,583$2,568$1,806$1,250$853$143
31 years$3,429$2,428$1,684$1,148$771$120
32 years$3,286$2,297$1,571$1,055$698$101
33 years$3,152$2,176$1,467$970$631$85
34 years$3,026$2,062$1,370$892$572$71
35 years$2,907$1,956$1,281$821$518$60
36 years$2,795$1,856$1,199$757$469$50
37 years$2,690$1,763$1,122$697$425$42
38 years$2,590$1,676$1,051$642$386$36
39 years$2,496$1,593$984$592$350$30
40 years$2,406$1,516$923$546$317$25
41 years$2,321$1,443$865$504$288$21
42 years$2,241$1,374$811$465$261$18
43 years$2,164$1,309$761$429$237$15
44 years$2,091$1,248$715$397$215$13
45 years$2,022$1,190$671$366$195$11
46 years$1,955$1,135$630$338$177$9
47 years$1,892$1,083$592$313$161$7
48 years$1,832$1,034$557$289$146$6
49 years$1,774$988$523$267$133$5
50 years$1,718$944$492$247$121$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,760,000, adding $4,889 every year, while hoping to spend $48,212 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: 81/9/10 Blend
58$1,760,000$1,760,000$1,760,000$1,760,000
59$1,944,563$1,851,283$1,824,003$2,098,590
60$2,091,611$1,890,699$1,833,810$2,239,675
61$2,252,043$1,930,430$1,842,329$2,387,657
62$2,427,171$1,970,441$1,849,468$2,548,646
63$2,618,443$2,010,694$1,855,126$2,723,920
64$2,827,452$2,051,145$1,859,200$2,914,886
65$3,055,950$2,091,749$1,861,581$3,123,093
66$3,305,869$2,132,456$1,862,156$3,350,248
67$3,579,332$2,173,212$1,860,803$3,598,231
68$3,878,682$2,213,956$1,857,397$3,869,112
69$4,206,493$2,254,627$1,851,806$4,165,173
70$4,565,606$2,295,154$1,843,892$4,488,925
71$4,959,145$2,335,463$1,833,509$4,843,137
72$5,390,552$2,375,475$1,820,506$5,230,859
73$5,863,617$2,415,103$1,804,723$5,655,449
74$6,382,518$2,454,254$1,785,992$6,120,609
75$6,951,852$2,492,830$1,764,140$6,630,416
76$7,576,684$2,530,722$1,738,982$7,189,364
77$8,262,596$2,567,817$1,710,328$7,802,403
78$9,015,733$2,603,993$1,677,976$8,474,988
79$9,842,866$2,639,117$1,641,717$9,213,127
80$10,751,454$2,673,049$1,601,330$10,023,443
81$11,749,713$2,705,639$1,556,585$10,913,233
82$12,846,695$2,736,727$1,507,242$11,890,537
83$14,052,372$2,766,141$1,453,049$12,964,214
84$15,377,731$2,793,699$1,393,744$14,144,027
85$16,834,876$2,819,206$1,329,050$15,440,732
86$18,437,140$2,842,454$1,258,680$16,866,184
87$20,199,216$2,863,222$1,182,333$18,433,446
88$22,137,291$2,881,274$1,099,696$20,156,912
89$24,269,198$2,896,361$1,010,440$22,052,443
90$26,614,589$2,908,214$914,222$24,137,519
91$29,195,111$2,916,552$810,683$26,431,402
92$32,034,621$2,921,071$699,449$28,955,318
93$35,159,402$2,921,453$580,130$31,732,658
94$38,598,414$2,917,357$452,317$34,789,199
95$42,383,566$2,908,422$315,584$38,153,346
96$46,550,020$2,894,265$169,486$41,856,403
97$51,136,517$2,874,478$13,559$45,932,864
98$56,185,746$2,848,632$0$50,420,746
99$61,744,745$2,816,268$0$55,378,248
100$67,865,346$2,776,903$0$60,837,832