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%16.6%
1 years$146,991$145,681$144,404$143,157$141,940$138,116
2 years$72,768$71,412$70,099$68,826$67,590$63,766
3 years$48,030$46,669$45,359$44,097$42,882$39,176
4 years$35,663$34,307$33,010$31,770$30,584$27,024
5 years$28,246$26,897$25,617$24,402$23,249$19,847
6 years$23,302$21,963$20,702$19,515$18,396$15,154
7 years$19,772$18,445$17,204$16,044$14,961$11,879
8 years$17,126$15,810$14,590$13,459$12,412$9,488
9 years$15,069$13,766$12,566$11,464$10,453$7,684
10 years$13,424$12,134$10,956$9,882$8,906$6,290
11 years$12,079$10,802$9,645$8,600$7,660$5,192
12 years$10,960$9,695$8,560$7,544$6,638$4,314
13 years$10,013$8,762$7,648$6,660$5,788$3,603
14 years$9,202$7,964$6,871$5,912$5,074$3,022
15 years$8,500$7,275$6,204$5,272$4,467$2,544
16 years$7,886$6,675$5,625$4,721$3,948$2,148
17 years$7,345$6,148$5,118$4,242$3,501$1,818
18 years$6,865$5,681$4,672$3,823$3,113$1,542
19 years$6,436$5,265$4,277$3,454$2,774$1,310
20 years$6,050$4,892$3,926$3,128$2,478$1,114
21 years$5,701$4,557$3,611$2,839$2,218$949
22 years$5,384$4,254$3,328$2,581$1,988$809
23 years$5,096$3,978$3,073$2,351$1,784$691
24 years$4,832$3,728$2,842$2,144$1,604$590
25 years$4,589$3,498$2,632$1,958$1,443$504
26 years$4,366$3,288$2,441$1,790$1,300$431
27 years$4,159$3,094$2,267$1,639$1,172$368
28 years$3,967$2,916$2,107$1,502$1,058$315
29 years$3,789$2,750$1,961$1,377$955$270
30 years$3,623$2,598$1,827$1,264$863$231
31 years$3,468$2,456$1,703$1,161$780$198
32 years$3,324$2,323$1,589$1,067$706$170
33 years$3,188$2,200$1,483$981$639$145
34 years$3,060$2,085$1,386$902$578$124
35 years$2,940$1,978$1,296$831$524$107
36 years$2,827$1,877$1,212$765$475$91
37 years$2,720$1,783$1,135$705$430$78
38 years$2,619$1,695$1,063$650$390$67
39 years$2,524$1,611$995$599$354$58
40 years$2,434$1,533$933$553$321$49
41 years$2,348$1,459$875$510$291$42
42 years$2,266$1,390$821$471$264$36
43 years$2,189$1,324$770$434$240$31
44 years$2,115$1,262$723$401$217$27
45 years$2,045$1,204$679$370$197$23
46 years$1,978$1,148$638$342$179$20
47 years$1,914$1,096$599$316$163$17
48 years$1,852$1,046$563$292$148$14
49 years$1,794$999$529$270$134$12
50 years$1,738$954$497$250$122$11

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 $4,806 every year, while hoping to spend $48,437 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: 22/48/30 Blend
58$1,780,000$1,780,000$1,780,000$1,780,000
59$1,966,517$1,872,177$1,844,587$1,991,078
60$2,115,566$1,912,377$1,854,844$2,053,799
61$2,278,193$1,952,924$1,863,822$2,116,517
62$2,455,734$1,993,783$1,871,425$2,182,584
63$2,649,658$2,034,916$1,877,556$2,252,308
64$2,861,579$2,076,284$1,882,111$2,326,028
65$3,093,279$2,117,840$1,884,980$2,404,118
66$3,346,716$2,159,537$1,886,050$2,486,995
67$3,624,049$2,201,322$1,885,200$2,575,117
68$3,927,652$2,243,137$1,882,305$2,668,993
69$4,260,143$2,284,921$1,877,232$2,769,184
70$4,624,401$2,326,606$1,869,843$2,876,314
71$5,023,600$2,368,120$1,859,993$2,991,068
72$5,461,234$2,409,385$1,847,529$3,114,209
73$5,941,151$2,450,316$1,832,293$3,246,578
74$6,467,591$2,490,823$1,814,117$3,389,105
75$7,045,220$2,530,809$1,792,825$3,542,818
76$7,679,184$2,570,169$1,768,236$3,708,856
77$8,375,145$2,608,792$1,740,156$3,888,475
78$9,139,343$2,646,556$1,708,385$4,083,066
79$9,978,653$2,683,334$1,672,712$4,294,165
80$10,900,646$2,718,988$1,632,918$4,523,471
81$11,913,663$2,753,370$1,588,773$4,772,861
82$13,026,895$2,786,323$1,540,035$5,044,408
83$14,250,464$2,817,679$1,486,452$5,340,405
84$15,595,525$2,847,258$1,427,761$5,663,384
85$17,074,364$2,874,870$1,363,687$6,016,142
86$18,700,520$2,900,309$1,293,941$6,401,769
87$20,488,907$2,923,359$1,218,223$6,823,679
88$22,455,960$2,943,788$1,136,218$7,285,642
89$24,619,784$2,961,349$1,047,596$7,791,822
90$27,000,327$2,975,780$952,016$8,346,816
91$29,619,569$2,986,802$849,117$8,955,701
92$32,501,727$2,994,118$738,525$9,624,084
93$35,673,487$2,997,413$619,849$10,358,154
94$39,164,248$2,996,352$492,679$11,164,744
95$43,006,406$2,990,579$356,590$12,051,397
96$47,235,659$2,979,716$211,134$13,026,438
97$51,891,336$2,963,362$55,848$14,099,057
98$57,016,779$2,941,093$0$15,279,398
99$62,659,742$2,912,458$0$16,613,823
100$68,872,844$2,876,978$0$18,100,881