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%14.8%
1 years$145,339$144,045$142,781$141,549$140,345$137,567
2 years$71,950$70,610$69,311$68,052$66,831$64,044
3 years$47,490$46,144$44,849$43,602$42,400$39,692
4 years$35,263$33,921$32,639$31,413$30,240$27,630
5 years$27,928$26,595$25,329$24,128$22,988$20,484
6 years$23,040$21,716$20,470$19,295$18,190$15,795
7 years$19,550$18,237$17,010$15,864$14,793$12,508
8 years$16,933$15,633$14,426$13,308$12,272$10,096
9 years$14,900$13,611$12,425$11,335$10,335$8,266
10 years$13,273$11,998$10,833$9,771$8,806$6,842
11 years$11,944$10,681$9,537$8,504$7,573$5,712
12 years$10,836$9,586$8,464$7,459$6,563$4,802
13 years$9,900$8,663$7,562$6,585$5,723$4,060
14 years$9,099$7,875$6,794$5,846$5,017$3,448
15 years$8,404$7,194$6,134$5,213$4,417$2,939
16 years$7,797$6,600$5,562$4,668$3,904$2,513
17 years$7,263$6,078$5,061$4,194$3,461$2,155
18 years$6,788$5,617$4,620$3,780$3,078$1,852
19 years$6,363$5,206$4,229$3,415$2,743$1,595
20 years$5,982$4,837$3,881$3,093$2,450$1,375
21 years$5,637$4,506$3,570$2,807$2,193$1,187
22 years$5,324$4,206$3,290$2,552$1,966$1,027
23 years$5,039$3,934$3,038$2,325$1,764$889
24 years$4,777$3,686$2,810$2,120$1,586$770
25 years$4,538$3,459$2,602$1,936$1,427$667
26 years$4,316$3,251$2,414$1,770$1,285$579
27 years$4,112$3,059$2,241$1,620$1,159$502
28 years$3,923$2,883$2,084$1,485$1,046$436
29 years$3,747$2,720$1,939$1,361$944$379
30 years$3,583$2,568$1,806$1,250$853$329
31 years$3,429$2,428$1,684$1,148$771$286
32 years$3,286$2,297$1,571$1,055$698$249
33 years$3,152$2,176$1,467$970$631$216
34 years$3,026$2,062$1,370$892$572$188
35 years$2,907$1,956$1,281$821$518$164
36 years$2,795$1,856$1,199$757$469$143
37 years$2,690$1,763$1,122$697$425$124
38 years$2,590$1,676$1,051$642$386$108
39 years$2,496$1,593$984$592$350$94
40 years$2,406$1,516$923$546$317$82
41 years$2,321$1,443$865$504$288$71
42 years$2,241$1,374$811$465$261$62
43 years$2,164$1,309$761$429$237$54
44 years$2,091$1,248$715$397$215$47
45 years$2,022$1,190$671$366$195$41
46 years$1,955$1,135$630$338$177$36
47 years$1,892$1,083$592$313$161$31
48 years$1,832$1,034$557$289$146$27
49 years$1,774$988$523$267$133$24
50 years$1,718$944$492$247$121$21

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 $4,544 every year, while hoping to spend $46,372 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: 24/48/28 Blend
58$1,760,000$1,760,000$1,760,000$1,760,000
59$1,944,207$1,850,927$1,823,647$1,973,641
60$2,093,177$1,892,283$1,835,400$2,040,365
61$2,255,787$1,934,111$1,845,992$2,107,588
62$2,433,381$1,976,386$1,855,336$2,178,640
63$2,627,435$2,019,078$1,863,339$2,253,871
64$2,839,577$2,062,157$1,869,905$2,333,667
65$3,071,599$2,105,587$1,874,931$2,418,455
66$3,325,471$2,149,330$1,878,311$2,508,707
67$3,603,367$2,193,345$1,879,932$2,604,944
68$3,907,676$2,237,585$1,879,676$2,707,740
69$4,241,034$2,282,001$1,877,419$2,817,732
70$4,606,339$2,326,539$1,873,033$2,935,622
71$5,006,786$2,371,140$1,866,380$3,062,187
72$5,445,893$2,415,741$1,857,318$3,198,282
73$5,927,534$2,460,272$1,845,698$3,344,855
74$6,455,976$2,504,659$1,831,362$3,502,952
75$7,035,919$2,548,821$1,814,147$3,673,729
76$7,672,543$2,592,673$1,793,881$3,858,460
77$8,371,549$2,636,121$1,770,383$4,058,557
78$9,139,220$2,679,064$1,743,464$4,275,575
79$9,982,478$2,721,396$1,712,928$4,511,234
80$10,908,947$2,763,000$1,678,566$4,767,432
81$11,927,025$2,803,753$1,640,164$5,046,266
82$13,045,966$2,843,521$1,597,494$5,350,051
83$14,275,965$2,882,164$1,550,320$5,681,344
84$15,628,252$2,919,528$1,498,394$6,042,966
85$17,115,200$2,955,451$1,441,457$6,438,033
86$18,750,442$2,989,760$1,379,238$6,869,986
87$20,548,998$3,022,269$1,311,453$7,342,621
88$22,527,416$3,052,781$1,237,807$7,860,130
89$24,703,929$3,081,084$1,157,990$8,427,141
90$27,098,626$3,106,953$1,071,678$9,048,758
91$29,733,641$3,130,149$978,535$9,730,619
92$32,633,362$3,150,416$878,206$10,478,942
93$35,824,662$3,167,484$770,323$11,300,593
94$39,337,150$3,181,063$654,501$12,203,145
95$43,203,451$3,190,846$530,338$13,194,955
96$47,459,512$3,196,507$397,414$14,285,247
97$52,144,945$3,197,698$255,290$15,484,195
98$57,303,395$3,194,051$103,508$16,803,024
99$62,982,957$3,185,175$0$18,254,119
100$69,236,625$3,170,655$0$19,868,613