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%14.4%
1 years$145,339$144,045$142,781$141,549$140,345$137,793
2 years$71,950$70,610$69,311$68,052$66,831$64,269
3 years$47,490$46,144$44,849$43,602$42,400$39,908
4 years$35,263$33,921$32,639$31,413$30,240$27,837
5 years$27,928$26,595$25,329$24,128$22,988$20,681
6 years$23,040$21,716$20,470$19,295$18,190$15,981
7 years$19,550$18,237$17,010$15,864$14,793$12,684
8 years$16,933$15,633$14,426$13,308$12,272$10,262
9 years$14,900$13,611$12,425$11,335$10,335$8,422
10 years$13,273$11,998$10,833$9,771$8,806$6,988
11 years$11,944$10,681$9,537$8,504$7,573$5,849
12 years$10,836$9,586$8,464$7,459$6,563$4,930
13 years$9,900$8,663$7,562$6,585$5,723$4,179
14 years$9,099$7,875$6,794$5,846$5,017$3,558
15 years$8,404$7,194$6,134$5,213$4,417$3,042
16 years$7,797$6,600$5,562$4,668$3,904$2,609
17 years$7,263$6,078$5,061$4,194$3,461$2,243
18 years$6,788$5,617$4,620$3,780$3,078$1,933
19 years$6,363$5,206$4,229$3,415$2,743$1,669
20 years$5,982$4,837$3,881$3,093$2,450$1,444
21 years$5,637$4,506$3,570$2,807$2,193$1,251
22 years$5,324$4,206$3,290$2,552$1,966$1,085
23 years$5,039$3,934$3,038$2,325$1,764$942
24 years$4,777$3,686$2,810$2,120$1,586$818
25 years$4,538$3,459$2,602$1,936$1,427$712
26 years$4,316$3,251$2,414$1,770$1,285$619
27 years$4,112$3,059$2,241$1,620$1,159$539
28 years$3,923$2,883$2,084$1,485$1,046$470
29 years$3,747$2,720$1,939$1,361$944$409
30 years$3,583$2,568$1,806$1,250$853$357
31 years$3,429$2,428$1,684$1,148$771$311
32 years$3,286$2,297$1,571$1,055$698$272
33 years$3,152$2,176$1,467$970$631$237
34 years$3,026$2,062$1,370$892$572$207
35 years$2,907$1,956$1,281$821$518$181
36 years$2,795$1,856$1,199$757$469$158
37 years$2,690$1,763$1,122$697$425$138
38 years$2,590$1,676$1,051$642$386$120
39 years$2,496$1,593$984$592$350$105
40 years$2,406$1,516$923$546$317$92
41 years$2,321$1,443$865$504$288$80
42 years$2,241$1,374$811$465$261$70
43 years$2,164$1,309$761$429$237$61
44 years$2,091$1,248$715$397$215$53
45 years$2,022$1,190$671$366$195$47
46 years$1,955$1,135$630$338$177$41
47 years$1,892$1,083$592$313$161$36
48 years$1,832$1,034$557$289$146$31
49 years$1,774$988$523$267$133$27
50 years$1,718$944$492$247$121$24

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 $5,122 every year, while hoping to spend $59,941 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: 57/17/26 Blend
58$1,760,000$1,760,000$1,760,000$1,760,000
59$1,944,803$1,851,523$1,824,243$2,041,586
60$2,079,397$1,878,471$1,821,579$2,135,411
61$2,225,709$1,904,731$1,816,816$2,230,870
62$2,384,874$1,930,204$1,809,821$2,333,666
63$2,558,135$1,954,789$1,800,455$2,444,527
64$2,746,865$1,978,373$1,788,570$2,564,253
65$2,952,570$2,000,839$1,774,012$2,693,731
66$3,176,912$2,022,059$1,756,621$2,833,936
67$3,421,716$2,041,900$1,736,227$2,985,948
68$3,688,995$2,060,216$1,712,654$3,150,956
69$3,980,961$2,076,856$1,685,717$3,330,274
70$4,300,052$2,091,654$1,655,221$3,525,352
71$4,648,951$2,104,439$1,620,965$3,737,790
72$5,030,611$2,115,024$1,582,735$3,969,354
73$5,448,287$2,123,213$1,540,309$4,221,992
74$5,905,558$2,128,797$1,493,456$4,497,854
75$6,406,370$2,131,553$1,441,932$4,799,314
76$6,955,066$2,131,246$1,385,483$5,128,989
77$7,556,429$2,127,623$1,323,843$5,489,768
78$8,215,728$2,120,419$1,256,734$5,884,838
79$8,938,764$2,109,352$1,183,867$6,317,716
80$9,731,928$2,094,120$1,104,936$6,792,281
81$10,602,259$2,074,407$1,019,626$7,312,812
82$11,557,511$2,049,874$927,605$7,884,032
83$12,606,224$2,020,165$828,527$8,511,148
84$13,757,806$1,984,900$722,030$9,199,905
85$15,022,620$1,943,678$607,736$9,956,640
86$16,412,083$1,896,074$485,251$10,788,344
87$17,938,772$1,841,638$354,163$11,702,724
88$19,616,542$1,779,893$214,042$12,708,284
89$21,460,656$1,710,335$64,440$13,814,403
90$23,487,932$1,632,430$0$15,031,421
91$25,716,897$1,545,615$0$16,397,159
92$28,167,961$1,449,291$0$17,918,576
93$30,863,614$1,342,827$0$19,591,789
94$33,828,633$1,225,556$0$21,432,241
95$37,090,317$1,096,772$0$23,456,953
96$40,678,745$955,729$0$25,684,685
97$44,627,056$801,639$0$28,136,111
98$48,971,766$633,670$0$30,834,019
99$53,753,109$450,942$0$33,803,522
100$59,015,414$252,526$0$37,072,300