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%11.3%
1 years$146,165$144,863$143,593$142,353$141,142$140,370
2 years$72,359$71,011$69,705$68,439$67,211$66,432
3 years$47,760$46,407$45,104$43,849$42,641$41,880
4 years$35,463$34,114$32,824$31,591$30,412$29,673
5 years$28,087$26,746$25,473$24,265$23,119$22,405
6 years$23,171$21,840$20,586$19,405$18,293$17,606
7 years$19,661$18,341$17,107$15,954$14,877$14,216
8 years$17,030$15,722$14,508$13,383$12,342$11,708
9 years$14,984$13,689$12,496$11,400$10,394$9,786
10 years$13,349$12,066$10,894$9,827$8,856$8,274
11 years$12,012$10,741$9,591$8,552$7,616$7,060
12 years$10,898$9,641$8,512$7,501$6,600$6,069
13 years$9,957$8,713$7,605$6,623$5,756$5,249
14 years$9,150$7,920$6,833$5,879$5,045$4,563
15 years$8,452$7,235$6,169$5,243$4,442$3,983
16 years$7,842$6,638$5,593$4,694$3,926$3,490
17 years$7,304$6,113$5,090$4,218$3,481$3,067
18 years$6,826$5,649$4,646$3,801$3,095$2,703
19 years$6,399$5,235$4,253$3,435$2,759$2,387
20 years$6,016$4,865$3,904$3,111$2,464$2,112
21 years$5,669$4,531$3,590$2,823$2,205$1,872
22 years$5,354$4,230$3,309$2,567$1,977$1,662
23 years$5,067$3,956$3,055$2,338$1,774$1,478
24 years$4,805$3,707$2,826$2,132$1,595$1,315
25 years$4,563$3,478$2,617$1,947$1,435$1,172
26 years$4,341$3,269$2,427$1,780$1,293$1,045
27 years$4,135$3,077$2,254$1,630$1,166$933
28 years$3,945$2,899$2,095$1,493$1,052$833
29 years$3,768$2,735$1,950$1,369$950$745
30 years$3,603$2,583$1,816$1,257$858$666
31 years$3,449$2,442$1,693$1,154$776$596
32 years$3,305$2,310$1,580$1,061$702$533
33 years$3,170$2,188$1,475$975$635$477
34 years$3,043$2,074$1,378$897$575$428
35 years$2,924$1,967$1,289$826$521$383
36 years$2,811$1,867$1,205$761$472$343
37 years$2,705$1,773$1,128$701$428$308
38 years$2,605$1,685$1,057$646$388$276
39 years$2,510$1,602$990$596$352$248
40 years$2,420$1,524$928$550$319$222
41 years$2,335$1,451$870$507$289$199
42 years$2,253$1,382$816$468$263$179
43 years$2,176$1,317$766$432$238$160
44 years$2,103$1,255$719$399$216$144
45 years$2,033$1,197$675$368$196$129
46 years$1,966$1,142$634$340$178$116
47 years$1,903$1,090$596$314$162$104
48 years$1,842$1,040$560$290$147$94
49 years$1,784$993$526$268$134$84
50 years$1,728$949$495$248$121$75

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 $4,031 every year, while hoping to spend $44,182 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: 78/15/7 Blend
58$1,770,000$1,770,000$1,770,000$1,770,000
59$1,954,698$1,860,888$1,833,453$2,105,261
60$2,107,068$1,905,062$1,847,864$2,248,792
61$2,273,499$1,949,920$1,861,278$2,400,011
62$2,455,378$1,995,449$1,873,613$2,564,539
63$2,654,233$2,041,633$1,884,786$2,743,684
64$2,871,747$2,088,454$1,894,708$2,938,880
65$3,109,771$2,135,894$1,903,286$3,151,710
66$3,370,343$2,183,929$1,910,422$3,383,917
67$3,655,711$2,232,534$1,916,014$3,637,419
68$3,968,346$2,281,681$1,919,953$3,914,330
69$4,310,972$2,331,338$1,922,126$4,216,978
70$4,686,589$2,381,471$1,922,415$4,547,927
71$5,098,499$2,432,041$1,920,694$4,910,002
72$5,550,341$2,483,006$1,916,832$5,306,313
73$6,046,123$2,534,320$1,910,693$5,740,289
74$6,590,258$2,585,933$1,902,132$6,215,705
75$7,187,609$2,637,788$1,890,998$6,736,723
76$7,843,532$2,689,827$1,877,133$7,307,923
77$8,563,927$2,741,983$1,860,372$7,934,357
78$9,355,293$2,794,186$1,840,540$8,621,587
79$10,224,791$2,846,359$1,817,456$9,375,743
80$11,180,308$2,898,419$1,790,930$10,203,578
81$12,230,534$2,950,276$1,760,761$11,112,534
82$13,385,044$3,001,835$1,726,741$12,110,809
83$14,654,383$3,052,990$1,688,652$13,207,438
84$16,050,174$3,103,630$1,646,265$14,412,375
85$17,585,217$3,153,634$1,599,341$15,736,589
86$19,273,620$3,202,872$1,547,630$17,192,166
87$21,130,924$3,251,207$1,490,870$18,792,425
88$23,174,251$3,298,490$1,428,787$20,552,041
89$25,422,469$3,344,560$1,361,096$22,487,186
90$27,896,365$3,389,248$1,287,496$24,615,680
91$30,618,844$3,432,370$1,207,677$26,957,160
92$33,615,143$3,473,733$1,121,311$29,533,265
93$36,913,069$3,513,128$1,028,057$32,367,839
94$40,543,263$3,550,332$927,557$35,487,160
95$44,539,486$3,585,108$819,441$38,920,183
96$48,938,940$3,617,205$703,318$42,698,818
97$53,782,615$3,646,351$578,783$46,858,228
98$59,115,680$3,672,260$445,410$51,437,162
99$64,987,905$3,694,627$302,757$56,478,321
100$71,454,134$3,713,127$150,363$62,028,761