Can I retire at age 59 with 1,790,000?

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 $1,790,000?

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$147,817$146,500$145,215$143,961$142,737$138,612
2 years$73,176$71,814$70,493$69,212$67,970$63,847
3 years$48,300$46,931$45,614$44,345$43,123$39,131
4 years$35,864$34,499$33,195$31,948$30,756$26,926
5 years$28,404$27,048$25,761$24,539$23,380$19,722
6 years$23,433$22,087$20,818$19,624$18,500$15,017
7 years$19,883$18,548$17,300$16,134$15,045$11,738
8 years$17,222$15,899$14,672$13,534$12,482$9,348
9 years$15,153$13,843$12,637$11,528$10,511$7,548
10 years$13,500$12,202$11,017$9,938$8,956$6,160
11 years$12,147$10,863$9,699$8,649$7,703$5,068
12 years$11,021$9,750$8,608$7,586$6,675$4,197
13 years$10,069$8,811$7,691$6,697$5,821$3,494
14 years$9,254$8,009$6,910$5,945$5,102$2,921
15 years$8,548$7,316$6,239$5,302$4,492$2,450
16 years$7,930$6,713$5,656$4,747$3,970$2,061
17 years$7,386$6,182$5,147$4,265$3,520$1,738
18 years$6,903$5,713$4,699$3,844$3,130$1,469
19 years$6,472$5,294$4,301$3,473$2,790$1,243
20 years$6,084$4,920$3,948$3,146$2,492$1,053
21 years$5,733$4,583$3,631$2,855$2,230$894
22 years$5,415$4,278$3,347$2,596$1,999$759
23 years$5,125$4,001$3,090$2,364$1,794$645
24 years$4,859$3,748$2,858$2,156$1,613$549
25 years$4,615$3,518$2,647$1,969$1,451$467
26 years$4,390$3,306$2,455$1,801$1,307$398
27 years$4,182$3,111$2,279$1,648$1,179$339
28 years$3,990$2,932$2,119$1,510$1,064$289
29 years$3,810$2,766$1,972$1,385$960$246
30 years$3,644$2,612$1,837$1,271$868$210
31 years$3,488$2,469$1,712$1,167$785$179
32 years$3,342$2,336$1,598$1,073$710$153
33 years$3,206$2,213$1,492$986$642$130
34 years$3,077$2,097$1,394$908$581$111
35 years$2,957$1,989$1,303$835$527$95
36 years$2,843$1,888$1,219$769$477$81
37 years$2,736$1,793$1,141$709$432$69
38 years$2,634$1,704$1,069$653$392$59
39 years$2,538$1,620$1,001$602$356$50
40 years$2,447$1,542$938$556$323$43
41 years$2,361$1,468$880$513$293$37
42 years$2,279$1,398$825$473$265$31
43 years$2,201$1,332$774$437$241$27
44 years$2,127$1,269$727$403$219$23
45 years$2,056$1,210$683$372$199$20
46 years$1,989$1,155$641$344$180$17
47 years$1,924$1,102$602$318$164$14
48 years$1,863$1,052$566$294$149$12
49 years$1,804$1,005$532$271$135$10
50 years$1,748$960$500$251$123$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,790,000, adding $6,791 every year, while hoping to spend $40,677 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: 44/45/11 Blend
58$1,790,000$1,790,000$1,790,000$1,790,000
59$1,979,585$1,884,715$1,856,970$2,060,156
60$2,138,223$1,933,786$1,875,898$2,165,943
61$2,311,678$1,983,898$1,894,098$2,275,868
62$2,501,419$2,035,060$1,911,500$2,394,099
63$2,709,064$2,087,277$1,928,035$2,521,413
64$2,936,392$2,140,557$1,943,628$2,658,669
65$3,185,364$2,194,905$1,958,200$2,806,811
66$3,458,140$2,250,323$1,971,668$2,966,878
67$3,757,096$2,306,815$1,983,945$3,140,015
68$4,084,852$2,364,382$1,994,939$3,327,481
69$4,444,292$2,423,021$2,004,554$3,530,663
70$4,838,592$2,482,732$2,012,690$3,751,090
71$5,271,252$2,543,509$2,019,238$3,990,444
72$5,746,126$2,605,347$2,024,089$4,250,579
73$6,267,459$2,668,237$2,027,124$4,533,534
74$6,839,927$2,732,169$2,028,220$4,841,560
75$7,468,683$2,797,128$2,027,249$5,177,134
76$8,159,401$2,863,099$2,024,074$5,542,983
77$8,918,333$2,930,064$2,018,553$5,942,115
78$9,752,366$2,998,000$2,010,538$6,377,842
79$10,669,088$3,066,883$1,999,871$6,853,814
80$11,676,858$3,136,683$1,986,390$7,374,052
81$12,784,885$3,207,369$1,969,922$7,942,986
82$14,003,316$3,278,903$1,950,287$8,565,499
83$15,343,330$3,351,245$1,927,298$9,246,971
84$16,817,244$3,424,349$1,900,756$9,993,330
85$18,438,626$3,498,166$1,870,455$10,811,109
86$20,222,430$3,572,640$1,836,179$11,707,507
87$22,185,128$3,647,709$1,797,701$12,690,458
88$24,344,871$3,723,307$1,754,784$13,768,704
89$26,721,659$3,799,361$1,707,180$14,951,880
90$29,337,528$3,875,789$1,654,631$16,250,603
91$32,216,760$3,952,506$1,596,865$17,676,576
92$35,386,107$4,029,417$1,533,597$19,242,694
93$38,875,049$4,106,418$1,464,532$20,963,169
94$42,716,070$4,183,398$1,389,360$22,853,663
95$46,944,962$4,260,237$1,307,756$24,931,439
96$51,601,164$4,336,804$1,219,382$27,215,520
97$56,728,134$4,412,960$1,123,883$29,726,872
98$62,373,761$4,488,552$1,020,890$32,488,601
99$68,590,811$4,563,418$910,016$35,526,173
100$75,437,431$4,637,382$790,859$38,867,653