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

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$145,339$144,045$142,781$141,549$140,345$139,111
2 years$71,950$70,610$69,311$68,052$66,831$65,587
3 years$47,490$46,144$44,849$43,602$42,400$41,186
4 years$35,263$33,921$32,639$31,413$30,240$29,064
5 years$27,928$26,595$25,329$24,128$22,988$21,854
6 years$23,040$21,716$20,470$19,295$18,190$17,099
7 years$19,550$18,237$17,010$15,864$14,793$13,746
8 years$16,933$15,633$14,426$13,308$12,272$11,269
9 years$14,900$13,611$12,425$11,335$10,335$9,375
10 years$13,273$11,998$10,833$9,771$8,806$7,889
11 years$11,944$10,681$9,537$8,504$7,573$6,698
12 years$10,836$9,586$8,464$7,459$6,563$5,729
13 years$9,900$8,663$7,562$6,585$5,723$4,930
14 years$9,099$7,875$6,794$5,846$5,017$4,263
15 years$8,404$7,194$6,134$5,213$4,417$3,702
16 years$7,797$6,600$5,562$4,668$3,904$3,225
17 years$7,263$6,078$5,061$4,194$3,461$2,819
18 years$6,788$5,617$4,620$3,780$3,078$2,470
19 years$6,363$5,206$4,229$3,415$2,743$2,169
20 years$5,982$4,837$3,881$3,093$2,450$1,908
21 years$5,637$4,506$3,570$2,807$2,193$1,682
22 years$5,324$4,206$3,290$2,552$1,966$1,484
23 years$5,039$3,934$3,038$2,325$1,764$1,312
24 years$4,777$3,686$2,810$2,120$1,586$1,160
25 years$4,538$3,459$2,602$1,936$1,427$1,027
26 years$4,316$3,251$2,414$1,770$1,285$910
27 years$4,112$3,059$2,241$1,620$1,159$808
28 years$3,923$2,883$2,084$1,485$1,046$717
29 years$3,747$2,720$1,939$1,361$944$636
30 years$3,583$2,568$1,806$1,250$853$565
31 years$3,429$2,428$1,684$1,148$771$503
32 years$3,286$2,297$1,571$1,055$698$447
33 years$3,152$2,176$1,467$970$631$397
34 years$3,026$2,062$1,370$892$572$354
35 years$2,907$1,956$1,281$821$518$315
36 years$2,795$1,856$1,199$757$469$280
37 years$2,690$1,763$1,122$697$425$250
38 years$2,590$1,676$1,051$642$386$222
39 years$2,496$1,593$984$592$350$198
40 years$2,406$1,516$923$546$317$176
41 years$2,321$1,443$865$504$288$157
42 years$2,241$1,374$811$465$261$140
43 years$2,164$1,309$761$429$237$125
44 years$2,091$1,248$715$397$215$111
45 years$2,022$1,190$671$366$195$99
46 years$1,955$1,135$630$338$177$88
47 years$1,892$1,083$592$313$161$79
48 years$1,832$1,034$557$289$146$70
49 years$1,774$988$523$267$133$63
50 years$1,718$944$492$247$121$56

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 $2,415 every year, while hoping to spend $49,611 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: 66/20/14 Blend
58$1,760,000$1,760,000$1,760,000$1,760,000
59$1,942,011$1,848,731$1,821,451$2,063,669
60$2,087,310$1,886,533$1,829,684$2,182,993
61$2,245,768$1,924,525$1,836,530$2,307,339
62$2,418,672$1,962,663$1,841,890$2,442,013
63$2,607,444$2,000,901$1,845,661$2,588,023
64$2,813,646$2,039,187$1,847,733$2,746,480
65$3,038,998$2,077,467$1,847,992$2,918,605
66$3,285,394$2,115,682$1,846,318$3,105,748
67$3,554,920$2,153,766$1,842,585$3,309,393
68$3,849,871$2,191,650$1,836,661$3,531,177
69$4,172,776$2,229,259$1,828,408$3,772,904
70$4,526,420$2,266,513$1,817,680$4,036,559
71$4,913,868$2,303,326$1,804,325$4,324,334
72$5,338,497$2,339,603$1,788,185$4,638,642
73$5,804,026$2,375,245$1,769,091$4,982,143
74$6,314,550$2,410,146$1,746,869$5,357,768
75$6,874,581$2,444,190$1,721,336$5,768,747
76$7,489,087$2,477,254$1,692,299$6,218,642
77$8,163,542$2,509,207$1,659,559$6,711,377
78$8,903,974$2,539,909$1,622,905$7,251,276
79$9,717,024$2,569,210$1,582,118$7,843,107
80$10,610,008$2,596,949$1,536,966$8,492,124
81$11,590,985$2,622,955$1,487,210$9,204,118
82$12,668,832$2,647,046$1,432,598$9,985,471
83$13,853,329$2,669,029$1,372,867$10,843,219
84$15,155,252$2,688,695$1,307,742$11,785,114
85$16,586,472$2,705,824$1,236,935$12,819,703
86$18,160,065$2,720,182$1,160,145$13,956,406
87$19,890,440$2,731,520$1,077,059$15,205,605
88$21,793,473$2,739,572$987,348$16,578,741
89$23,886,652$2,744,056$890,669$18,088,429
90$26,189,248$2,744,673$786,664$19,748,568
91$28,722,493$2,741,103$674,959$21,574,482
92$31,509,780$2,733,010$555,163$23,583,056
93$34,576,885$2,720,035$426,868$25,792,904
94$37,952,207$2,701,796$289,648$28,224,541
95$41,667,039$2,677,891$143,058$30,900,578
96$45,755,861$2,647,892$0$33,845,936
97$50,256,664$2,611,344$0$37,090,080
98$55,211,311$2,567,767$0$40,684,222
99$60,665,928$2,516,651$0$44,640,411
100$66,671,344$2,457,458$0$48,995,500