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%19.3%
1 years$147,817$146,500$145,215$143,961$142,737$137,400
2 years$73,176$71,814$70,493$69,212$67,970$62,654
3 years$48,300$46,931$45,614$44,345$43,123$37,995
4 years$35,864$34,499$33,195$31,948$30,756$25,855
5 years$28,404$27,048$25,761$24,539$23,380$18,720
6 years$23,433$22,087$20,818$19,624$18,500$14,083
7 years$19,883$18,548$17,300$16,134$15,045$10,871
8 years$17,222$15,899$14,672$13,534$12,482$8,545
9 years$15,153$13,843$12,637$11,528$10,511$6,808
10 years$13,500$12,202$11,017$9,938$8,956$5,479
11 years$12,147$10,863$9,699$8,649$7,703$4,444
12 years$11,021$9,750$8,608$7,586$6,675$3,627
13 years$10,069$8,811$7,691$6,697$5,821$2,974
14 years$9,254$8,009$6,910$5,945$5,102$2,449
15 years$8,548$7,316$6,239$5,302$4,492$2,022
16 years$7,930$6,713$5,656$4,747$3,970$1,675
17 years$7,386$6,182$5,147$4,265$3,520$1,389
18 years$6,903$5,713$4,699$3,844$3,130$1,155
19 years$6,472$5,294$4,301$3,473$2,790$961
20 years$6,084$4,920$3,948$3,146$2,492$801
21 years$5,733$4,583$3,631$2,855$2,230$668
22 years$5,415$4,278$3,347$2,596$1,999$558
23 years$5,125$4,001$3,090$2,364$1,794$466
24 years$4,859$3,748$2,858$2,156$1,613$389
25 years$4,615$3,518$2,647$1,969$1,451$326
26 years$4,390$3,306$2,455$1,801$1,307$272
27 years$4,182$3,111$2,279$1,648$1,179$228
28 years$3,990$2,932$2,119$1,510$1,064$191
29 years$3,810$2,766$1,972$1,385$960$160
30 years$3,644$2,612$1,837$1,271$868$134
31 years$3,488$2,469$1,712$1,167$785$112
32 years$3,342$2,336$1,598$1,073$710$94
33 years$3,206$2,213$1,492$986$642$79
34 years$3,077$2,097$1,394$908$581$66
35 years$2,957$1,989$1,303$835$527$55
36 years$2,843$1,888$1,219$769$477$46
37 years$2,736$1,793$1,141$709$432$39
38 years$2,634$1,704$1,069$653$392$32
39 years$2,538$1,620$1,001$602$356$27
40 years$2,447$1,542$938$556$323$23
41 years$2,361$1,468$880$513$293$19
42 years$2,279$1,398$825$473$265$16
43 years$2,201$1,332$774$437$241$13
44 years$2,127$1,269$727$403$219$11
45 years$2,056$1,210$683$372$199$9
46 years$1,989$1,155$641$344$180$8
47 years$1,924$1,102$602$318$164$7
48 years$1,863$1,052$566$294$149$6
49 years$1,804$1,005$532$271$135$5
50 years$1,748$960$500$251$123$4

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 $4,019 every year, while hoping to spend $26,413 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: 39/34/27 Blend
58$1,790,000$1,790,000$1,790,000$1,790,000
59$1,976,726$1,881,856$1,854,111$2,037,849
60$2,150,248$1,945,963$1,888,120$2,146,892
61$2,340,585$2,012,327$1,922,384$2,261,983
62$2,549,423$2,081,029$1,956,882$2,385,927
63$2,778,621$2,152,156$1,991,594$2,519,548
64$3,030,225$2,225,797$2,026,497$2,663,750
65$3,306,491$2,302,044$2,061,568$2,819,530
66$3,609,902$2,380,993$2,096,779$2,987,981
67$3,943,195$2,462,744$2,132,104$3,170,308
68$4,309,383$2,547,401$2,167,512$3,367,835
69$4,711,789$2,635,072$2,202,972$3,582,019
70$5,154,069$2,725,869$2,238,450$3,814,462
71$5,640,255$2,819,907$2,273,908$4,066,928
72$6,174,787$2,917,308$2,309,310$4,341,359
73$6,762,556$3,018,198$2,344,613$4,639,889
74$7,408,953$3,122,706$2,379,774$4,964,869
75$8,119,916$3,230,968$2,414,746$5,318,888
76$8,901,988$3,343,126$2,449,481$5,704,794
77$9,762,377$3,459,325$2,483,924$6,125,722
78$10,709,026$3,579,719$2,518,022$6,585,125
79$11,750,686$3,704,464$2,551,715$7,086,805
80$12,896,999$3,833,726$2,584,941$7,634,946
81$14,158,590$3,967,676$2,617,634$8,234,158
82$15,547,166$4,106,492$2,649,724$8,889,516
83$17,075,625$4,250,358$2,681,138$9,606,608
84$18,758,180$4,399,467$2,711,797$10,391,592
85$20,610,492$4,554,018$2,741,621$11,251,245
86$22,649,818$4,714,221$2,770,521$12,193,035
87$24,895,173$4,880,291$2,798,406$13,225,185
88$27,367,508$5,052,453$2,825,180$14,356,754
89$30,089,912$5,230,941$2,850,742$15,597,719
90$33,087,825$5,416,000$2,874,984$16,959,072
91$36,389,281$5,607,881$2,897,793$18,452,920
92$40,025,169$5,806,849$2,919,052$20,092,600
93$44,029,531$6,013,179$2,938,634$21,892,804
94$48,439,873$6,227,155$2,956,408$23,869,719
95$53,297,529$6,449,075$2,972,237$26,041,176
96$58,648,046$6,679,247$2,985,975$28,426,820
97$64,541,611$6,917,995$2,997,470$31,048,292
98$71,033,531$7,165,652$3,006,561$33,929,438
99$78,184,749$7,422,568$3,013,079$37,096,528
100$86,062,425$7,689,105$3,016,849$40,578,505