Can I retire at age 59 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$146,165$144,863$143,593$142,353$141,142$135,489
2 years$72,359$71,011$69,705$68,439$67,211$61,586
3 years$47,760$46,407$45,104$43,849$42,641$37,222
4 years$35,463$34,114$32,824$31,591$30,412$25,240
5 years$28,087$26,746$25,473$24,265$23,119$18,207
6 years$23,171$21,840$20,586$19,405$18,293$13,645
7 years$19,661$18,341$17,107$15,954$14,877$10,490
8 years$17,030$15,722$14,508$13,383$12,342$8,212
9 years$14,984$13,689$12,496$11,400$10,394$6,514
10 years$13,349$12,066$10,894$9,827$8,856$5,219
11 years$12,012$10,741$9,591$8,552$7,616$4,214
12 years$10,898$9,641$8,512$7,501$6,600$3,423
13 years$9,957$8,713$7,605$6,623$5,756$2,794
14 years$9,150$7,920$6,833$5,879$5,045$2,289
15 years$8,452$7,235$6,169$5,243$4,442$1,881
16 years$7,842$6,638$5,593$4,694$3,926$1,549
17 years$7,304$6,113$5,090$4,218$3,481$1,279
18 years$6,826$5,649$4,646$3,801$3,095$1,058
19 years$6,399$5,235$4,253$3,435$2,759$876
20 years$6,016$4,865$3,904$3,111$2,464$726
21 years$5,669$4,531$3,590$2,823$2,205$602
22 years$5,354$4,230$3,309$2,567$1,977$500
23 years$5,067$3,956$3,055$2,338$1,774$415
24 years$4,805$3,707$2,826$2,132$1,595$345
25 years$4,563$3,478$2,617$1,947$1,435$287
26 years$4,341$3,269$2,427$1,780$1,293$239
27 years$4,135$3,077$2,254$1,630$1,166$199
28 years$3,945$2,899$2,095$1,493$1,052$165
29 years$3,768$2,735$1,950$1,369$950$138
30 years$3,603$2,583$1,816$1,257$858$115
31 years$3,449$2,442$1,693$1,154$776$95
32 years$3,305$2,310$1,580$1,061$702$80
33 years$3,170$2,188$1,475$975$635$66
34 years$3,043$2,074$1,378$897$575$55
35 years$2,924$1,967$1,289$826$521$46
36 years$2,811$1,867$1,205$761$472$38
37 years$2,705$1,773$1,128$701$428$32
38 years$2,605$1,685$1,057$646$388$27
39 years$2,510$1,602$990$596$352$22
40 years$2,420$1,524$928$550$319$18
41 years$2,335$1,451$870$507$289$15
42 years$2,253$1,382$816$468$263$13
43 years$2,176$1,317$766$432$238$11
44 years$2,103$1,255$719$399$216$9
45 years$2,033$1,197$675$368$196$7
46 years$1,966$1,142$634$340$178$6
47 years$1,903$1,090$596$314$162$5
48 years$1,842$1,040$560$290$147$4
49 years$1,784$993$526$268$134$4
50 years$1,728$949$495$248$121$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,770,000, adding $4,553 every year, while hoping to spend $57,148 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: 62/21/17 Blend
58$1,770,000$1,770,000$1,770,000$1,770,000
59$1,955,236$1,861,426$1,833,991$2,067,800
60$2,093,866$1,891,831$1,834,625$2,174,516
61$2,244,719$1,921,811$1,833,365$2,284,120
62$2,408,985$1,951,283$1,830,086$2,402,425
63$2,587,967$1,980,162$1,824,660$2,530,283
64$2,783,104$2,008,354$1,816,950$2,668,631
65$2,995,976$2,035,759$1,806,814$2,818,501
66$3,228,324$2,062,270$1,794,101$2,981,035
67$3,482,065$2,087,773$1,778,655$3,157,488
68$3,759,308$2,112,146$1,760,312$3,349,246
69$4,062,374$2,135,258$1,738,900$3,557,837
70$4,393,822$2,156,971$1,714,238$3,784,946
71$4,756,465$2,177,136$1,686,138$4,032,430
72$5,153,404$2,195,595$1,654,403$4,302,339
73$5,588,051$2,212,180$1,618,826$4,596,930
74$6,064,167$2,226,711$1,579,191$4,918,696
75$6,585,889$2,238,996$1,535,271$5,270,381
76$7,157,777$2,248,834$1,486,830$5,655,016
77$7,784,851$2,256,009$1,433,620$6,075,939
78$8,472,642$2,260,289$1,375,382$6,536,833
79$9,227,240$2,261,432$1,311,846$7,041,759
80$10,055,355$2,259,178$1,242,729$7,595,194
81$10,964,375$2,253,253$1,167,735$8,202,074
82$11,962,443$2,243,363$1,086,555$8,867,843
83$13,058,523$2,229,199$998,866$9,598,502
84$14,262,495$2,210,432$904,331$10,400,670
85$15,585,240$2,186,714$802,596$11,281,643
86$17,038,747$2,157,675$693,295$12,249,465
87$18,636,221$2,122,923$576,042$13,313,007
88$20,392,212$2,082,043$450,436$14,482,048
89$22,322,750$2,034,595$316,058$15,767,368
90$24,445,495$1,980,115$172,471$17,180,856
91$26,779,903$1,918,108$19,216$18,735,616
92$29,347,411$1,848,053$0$20,446,097
93$32,171,637$1,769,399$0$22,354,407
94$35,278,605$1,681,560$0$24,457,347
95$38,696,985$1,583,919$0$26,770,881
96$42,458,369$1,475,822$0$29,316,450
97$46,597,564$1,356,579$0$32,117,681
98$51,152,924$1,225,459$0$35,200,618
99$56,166,705$1,081,690$0$38,593,963
100$61,685,472$924,456$0$42,329,349