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%17.1%
1 years$146,991$145,681$144,404$143,157$141,940$137,838
2 years$72,768$71,412$70,099$68,826$67,590$63,491
3 years$48,030$46,669$45,359$44,097$42,882$38,913
4 years$35,663$34,307$33,010$31,770$30,584$26,775
5 years$28,246$26,897$25,617$24,402$23,249$19,612
6 years$23,302$21,963$20,702$19,515$18,396$14,934
7 years$19,772$18,445$17,204$16,044$14,961$11,673
8 years$17,126$15,810$14,590$13,459$12,412$9,296
9 years$15,069$13,766$12,566$11,464$10,453$7,506
10 years$13,424$12,134$10,956$9,882$8,906$6,125
11 years$12,079$10,802$9,645$8,600$7,660$5,040
12 years$10,960$9,695$8,560$7,544$6,638$4,173
13 years$10,013$8,762$7,648$6,660$5,788$3,474
14 years$9,202$7,964$6,871$5,912$5,074$2,904
15 years$8,500$7,275$6,204$5,272$4,467$2,436
16 years$7,886$6,675$5,625$4,721$3,948$2,050
17 years$7,345$6,148$5,118$4,242$3,501$1,728
18 years$6,865$5,681$4,672$3,823$3,113$1,460
19 years$6,436$5,265$4,277$3,454$2,774$1,236
20 years$6,050$4,892$3,926$3,128$2,478$1,047
21 years$5,701$4,557$3,611$2,839$2,218$889
22 years$5,384$4,254$3,328$2,581$1,988$755
23 years$5,096$3,978$3,073$2,351$1,784$642
24 years$4,832$3,728$2,842$2,144$1,604$546
25 years$4,589$3,498$2,632$1,958$1,443$464
26 years$4,366$3,288$2,441$1,790$1,300$395
27 years$4,159$3,094$2,267$1,639$1,172$337
28 years$3,967$2,916$2,107$1,502$1,058$287
29 years$3,789$2,750$1,961$1,377$955$245
30 years$3,623$2,598$1,827$1,264$863$209
31 years$3,468$2,456$1,703$1,161$780$178
32 years$3,324$2,323$1,589$1,067$706$152
33 years$3,188$2,200$1,483$981$639$130
34 years$3,060$2,085$1,386$902$578$111
35 years$2,940$1,978$1,296$831$524$94
36 years$2,827$1,877$1,212$765$475$81
37 years$2,720$1,783$1,135$705$430$69
38 years$2,619$1,695$1,063$650$390$59
39 years$2,524$1,611$995$599$354$50
40 years$2,434$1,533$933$553$321$43
41 years$2,348$1,459$875$510$291$36
42 years$2,266$1,390$821$471$264$31
43 years$2,189$1,324$770$434$240$27
44 years$2,115$1,262$723$401$217$23
45 years$2,045$1,204$679$370$197$19
46 years$1,978$1,148$638$342$179$17
47 years$1,914$1,096$599$316$163$14
48 years$1,852$1,046$563$292$148$12
49 years$1,794$999$529$270$134$10
50 years$1,738$954$497$250$122$9

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 $5,978 every year, while hoping to spend $26,058 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: 57/27/16 Blend
58$1,780,000$1,780,000$1,780,000$1,780,000
59$1,967,726$1,873,386$1,845,796$2,071,355
60$2,140,709$1,937,457$1,879,905$2,206,399
61$2,330,462$2,003,793$1,914,283$2,350,131
62$2,538,670$2,072,479$1,948,912$2,506,164
63$2,767,185$2,143,602$1,983,771$2,675,683
64$3,018,050$2,217,251$2,018,840$2,859,994
65$3,293,515$2,293,520$2,054,095$3,060,532
66$3,596,058$2,372,506$2,089,511$3,278,877
67$3,928,408$2,454,311$2,125,062$3,516,768
68$4,293,572$2,539,039$2,160,718$3,776,120
69$4,694,864$2,626,800$2,196,450$4,059,038
70$5,135,934$2,717,706$2,232,224$4,367,843
71$5,620,801$2,811,876$2,268,006$4,705,087
72$6,153,896$2,909,431$2,303,757$5,073,583
73$6,740,100$3,010,500$2,339,440$5,476,424
74$7,384,790$3,115,214$2,375,011$5,917,020
75$8,093,890$3,223,711$2,410,425$6,399,123
76$8,873,927$3,336,133$2,445,635$6,926,866
77$9,732,094$3,452,630$2,480,590$7,504,800
78$10,676,314$3,573,355$2,515,236$8,137,938
79$11,715,318$3,698,470$2,549,516$8,831,800
80$12,858,726$3,828,141$2,583,371$9,592,467
81$14,117,138$3,962,541$2,616,736$10,426,633
82$15,502,233$4,101,853$2,649,543$11,341,678
83$17,026,880$4,246,262$2,681,721$12,345,724
84$18,705,258$4,395,966$2,713,196$13,447,722
85$20,552,992$4,551,166$2,743,886$14,657,531
86$22,587,299$4,712,075$2,773,708$15,986,012
87$24,827,149$4,878,912$2,802,572$17,445,128
88$27,293,446$5,051,907$2,830,387$19,048,059
89$30,009,224$5,231,297$2,857,051$20,809,326
90$32,999,865$5,417,330$2,882,462$22,744,924
91$36,293,337$5,610,265$2,906,510$24,872,476
92$39,920,458$5,810,369$2,929,079$27,211,399
93$43,915,190$6,017,922$2,950,048$29,783,084
94$48,314,954$6,233,215$2,969,290$32,611,097
95$53,160,987$6,456,550$2,986,668$35,721,405
96$58,498,729$6,688,243$3,002,044$39,142,618
97$64,378,254$6,928,621$3,015,266$42,906,256
98$70,854,739$7,178,026$3,026,181$47,047,050
99$77,988,987$7,436,814$3,034,623$51,603,268
100$85,848,001$7,705,356$3,040,420$56,617,071