Can I retire at age 59 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$146,991$145,681$144,404$143,157$141,940$138,790
2 years$72,768$71,412$70,099$68,826$67,590$64,434
3 years$48,030$46,669$45,359$44,097$42,882$39,817
4 years$35,663$34,307$33,010$31,770$30,584$27,634
5 years$28,246$26,897$25,617$24,402$23,249$20,422
6 years$23,302$21,963$20,702$19,515$18,396$15,696
7 years$19,772$18,445$17,204$16,044$14,961$12,387
8 years$17,126$15,810$14,590$13,459$12,412$9,964
9 years$15,069$13,766$12,566$11,464$10,453$8,128
10 years$13,424$12,134$10,956$9,882$8,906$6,703
11 years$12,079$10,802$9,645$8,600$7,660$5,575
12 years$10,960$9,695$8,560$7,544$6,638$4,669
13 years$10,013$8,762$7,648$6,660$5,788$3,931
14 years$9,202$7,964$6,871$5,912$5,074$3,325
15 years$8,500$7,275$6,204$5,272$4,467$2,823
16 years$7,886$6,675$5,625$4,721$3,948$2,404
17 years$7,345$6,148$5,118$4,242$3,501$2,052
18 years$6,865$5,681$4,672$3,823$3,113$1,756
19 years$6,436$5,265$4,277$3,454$2,774$1,505
20 years$6,050$4,892$3,926$3,128$2,478$1,292
21 years$5,701$4,557$3,611$2,839$2,218$1,111
22 years$5,384$4,254$3,328$2,581$1,988$956
23 years$5,096$3,978$3,073$2,351$1,784$823
24 years$4,832$3,728$2,842$2,144$1,604$710
25 years$4,589$3,498$2,632$1,958$1,443$612
26 years$4,366$3,288$2,441$1,790$1,300$529
27 years$4,159$3,094$2,267$1,639$1,172$457
28 years$3,967$2,916$2,107$1,502$1,058$395
29 years$3,789$2,750$1,961$1,377$955$341
30 years$3,623$2,598$1,827$1,264$863$295
31 years$3,468$2,456$1,703$1,161$780$255
32 years$3,324$2,323$1,589$1,067$706$221
33 years$3,188$2,200$1,483$981$639$191
34 years$3,060$2,085$1,386$902$578$165
35 years$2,940$1,978$1,296$831$524$143
36 years$2,827$1,877$1,212$765$475$124
37 years$2,720$1,783$1,135$705$430$107
38 years$2,619$1,695$1,063$650$390$93
39 years$2,524$1,611$995$599$354$80
40 years$2,434$1,533$933$553$321$70
41 years$2,348$1,459$875$510$291$60
42 years$2,266$1,390$821$471$264$52
43 years$2,189$1,324$770$434$240$45
44 years$2,115$1,262$723$401$217$39
45 years$2,045$1,204$679$370$197$34
46 years$1,978$1,148$638$342$179$29
47 years$1,914$1,096$599$316$163$26
48 years$1,852$1,046$563$292$148$22
49 years$1,794$999$529$270$134$19
50 years$1,738$954$497$250$122$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,780,000, adding $6,287 every year, while hoping to spend $56,837 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: 56/38/6 Blend
58$1,780,000$1,780,000$1,780,000$1,780,000
59$1,968,045$1,873,705$1,846,115$2,075,390
60$2,108,312$1,905,042$1,847,486$2,179,734
61$2,260,980$1,936,010$1,846,997$2,286,411
62$2,427,256$1,966,531$1,844,528$2,401,189
63$2,608,465$1,996,520$1,839,949$2,524,845
64$2,806,067$2,025,888$1,833,125$2,658,235
65$3,021,668$2,054,539$1,823,917$2,802,304
66$3,257,036$2,082,368$1,812,176$2,958,092
67$3,514,117$2,109,267$1,797,747$3,126,748
68$3,795,053$2,135,118$1,780,467$3,309,536
69$4,102,203$2,159,793$1,760,168$3,507,852
70$4,438,164$2,183,160$1,736,670$3,723,233
71$4,805,795$2,205,073$1,709,787$3,957,376
72$5,208,246$2,225,381$1,679,324$4,212,151
73$5,648,983$2,243,921$1,645,077$4,489,620
74$6,131,823$2,260,517$1,606,832$4,792,056
75$6,660,974$2,274,987$1,564,365$5,121,968
76$7,241,064$2,287,132$1,517,442$5,482,121
77$7,877,194$2,296,743$1,465,818$5,875,563
78$8,574,982$2,303,598$1,409,237$6,305,657
79$9,340,616$2,307,460$1,347,432$6,776,110
80$10,180,910$2,308,076$1,280,123$7,291,012
81$11,103,372$2,305,181$1,207,016$7,854,869
82$12,116,271$2,298,491$1,127,806$8,472,655
83$13,228,717$2,287,703$1,042,175$9,149,851
84$14,450,746$2,272,500$949,787$9,892,502
85$15,793,411$2,252,542$850,294$10,707,274
86$17,268,892$2,227,469$743,332$11,601,517
87$18,890,605$2,196,902$628,519$12,583,336
88$20,673,332$2,160,435$505,460$13,661,668
89$22,633,358$2,117,642$373,739$14,846,366
90$24,788,624$2,068,070$232,922$16,148,295
91$27,158,896$2,011,238$82,558$17,579,435
92$29,765,954$1,946,640$0$19,152,994
93$32,633,793$1,873,737$0$20,888,524
94$35,788,851$1,791,960$0$22,803,059
95$39,260,256$1,700,709$0$24,909,044
96$43,080,104$1,599,345$0$27,226,032
97$47,283,759$1,487,198$0$29,775,579
98$51,910,185$1,363,553$0$32,581,446
99$57,002,316$1,227,660$0$35,669,830
100$62,607,460$1,078,722$0$39,069,607