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%12.1%
1 years$147,817$146,500$145,215$143,961$142,737$141,482
2 years$73,176$71,814$70,493$69,212$67,970$66,705
3 years$48,300$46,931$45,614$44,345$43,123$41,888
4 years$35,864$34,499$33,195$31,948$30,756$29,560
5 years$28,404$27,048$25,761$24,539$23,380$22,226
6 years$23,433$22,087$20,818$19,624$18,500$17,390
7 years$19,883$18,548$17,300$16,134$15,045$13,980
8 years$17,222$15,899$14,672$13,534$12,482$11,461
9 years$15,153$13,843$12,637$11,528$10,511$9,535
10 years$13,500$12,202$11,017$9,938$8,956$8,023
11 years$12,147$10,863$9,699$8,649$7,703$6,813
12 years$11,021$9,750$8,608$7,586$6,675$5,827
13 years$10,069$8,811$7,691$6,697$5,821$5,014
14 years$9,254$8,009$6,910$5,945$5,102$4,336
15 years$8,548$7,316$6,239$5,302$4,492$3,765
16 years$7,930$6,713$5,656$4,747$3,970$3,280
17 years$7,386$6,182$5,147$4,265$3,520$2,867
18 years$6,903$5,713$4,699$3,844$3,130$2,512
19 years$6,472$5,294$4,301$3,473$2,790$2,206
20 years$6,084$4,920$3,948$3,146$2,492$1,941
21 years$5,733$4,583$3,631$2,855$2,230$1,711
22 years$5,415$4,278$3,347$2,596$1,999$1,510
23 years$5,125$4,001$3,090$2,364$1,794$1,334
24 years$4,859$3,748$2,858$2,156$1,613$1,180
25 years$4,615$3,518$2,647$1,969$1,451$1,045
26 years$4,390$3,306$2,455$1,801$1,307$926
27 years$4,182$3,111$2,279$1,648$1,179$821
28 years$3,990$2,932$2,119$1,510$1,064$729
29 years$3,810$2,766$1,972$1,385$960$647
30 years$3,644$2,612$1,837$1,271$868$575
31 years$3,488$2,469$1,712$1,167$785$511
32 years$3,342$2,336$1,598$1,073$710$454
33 years$3,206$2,213$1,492$986$642$404
34 years$3,077$2,097$1,394$908$581$360
35 years$2,957$1,989$1,303$835$527$320
36 years$2,843$1,888$1,219$769$477$285
37 years$2,736$1,793$1,141$709$432$254
38 years$2,634$1,704$1,069$653$392$226
39 years$2,538$1,620$1,001$602$356$201
40 years$2,447$1,542$938$556$323$179
41 years$2,361$1,468$880$513$293$160
42 years$2,279$1,398$825$473$265$142
43 years$2,201$1,332$774$437$241$127
44 years$2,127$1,269$727$403$219$113
45 years$2,056$1,210$683$372$199$101
46 years$1,989$1,155$641$344$180$90
47 years$1,924$1,102$602$318$164$80
48 years$1,863$1,052$566$294$149$71
49 years$1,804$1,005$532$271$135$64
50 years$1,748$960$500$251$123$57

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 $5,281 every year, while hoping to spend $37,729 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: 61/10/29 Blend
58$1,790,000$1,790,000$1,790,000$1,790,000
59$1,978,027$1,883,157$1,855,412$2,082,889
60$2,139,643$1,935,289$1,877,425$2,207,099
61$2,316,478$1,988,710$1,898,911$2,338,113
62$2,510,047$2,043,445$1,919,812$2,480,340
63$2,722,014$2,099,516$1,940,069$2,634,884
64$2,954,214$2,156,946$1,959,615$2,802,963
65$3,208,667$2,215,760$1,978,385$2,985,917
66$3,487,597$2,275,978$1,996,308$3,185,221
67$3,793,456$2,337,625$2,013,307$3,402,504
68$4,128,940$2,400,720$2,029,305$3,639,558
69$4,497,023$2,465,287$2,044,218$3,898,358
70$4,900,980$2,531,346$2,057,960$4,181,082
71$5,344,415$2,598,917$2,070,437$4,490,129
72$5,831,302$2,668,021$2,081,553$4,828,141
73$6,366,017$2,738,677$2,091,207$5,198,034
74$6,953,381$2,810,901$2,099,293$5,603,016
75$7,598,704$2,884,713$2,105,697$6,046,627
76$8,307,836$2,960,128$2,110,302$6,532,766
77$9,087,222$3,037,162$2,112,984$7,065,729
78$9,943,963$3,115,828$2,113,614$7,650,254
79$10,885,883$3,196,138$2,112,055$8,291,558
80$11,921,598$3,278,104$2,108,164$8,995,393
81$13,060,605$3,361,736$2,101,792$9,768,100
82$14,313,366$3,447,039$2,092,780$10,616,665
83$15,691,406$3,534,021$2,080,965$11,548,787
84$17,207,426$3,622,685$2,066,174$12,572,951
85$18,875,417$3,713,031$2,048,225$13,698,511
86$20,710,799$3,805,058$2,026,930$14,935,773
87$22,730,557$3,898,762$2,002,089$16,296,097
88$24,953,409$3,994,137$1,973,494$17,792,002
89$27,399,978$4,091,171$1,940,927$19,437,284
90$30,092,989$4,189,852$1,904,162$21,247,152
91$33,057,481$4,290,162$1,862,958$23,238,362
92$36,321,044$4,392,080$1,817,067$25,429,385
93$39,914,079$4,495,580$1,766,227$27,840,577
94$43,870,085$4,600,633$1,710,166$30,494,371
95$48,225,973$4,707,204$1,648,596$33,415,491
96$53,022,418$4,815,252$1,581,219$36,631,185
97$58,304,238$4,924,733$1,507,724$40,171,484
98$64,120,820$5,035,595$1,427,782$44,069,483
99$70,526,585$5,147,780$1,341,054$48,361,656
100$77,581,498$5,261,223$1,247,181$53,088,200