Can I retire at age 59 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$126,346$125,221$124,123$123,051$122,004$118,814
2 years$62,548$61,383$60,254$59,159$58,097$54,905
3 years$41,284$40,114$38,988$37,904$36,859$33,765
4 years$30,655$29,488$28,373$27,308$26,288$23,315
5 years$24,278$23,119$22,019$20,975$19,984$17,141
6 years$20,029$18,878$17,795$16,774$15,813$13,102
7 years$16,995$15,854$14,787$13,791$12,860$10,282
8 years$14,721$13,590$12,541$11,569$10,669$8,222
9 years$12,952$11,832$10,801$9,854$8,984$6,667
10 years$11,539$10,430$9,417$8,494$7,655$5,464
11 years$10,383$9,285$8,291$7,392$6,584$4,516
12 years$9,420$8,334$7,358$6,484$5,705$3,757
13 years$8,606$7,531$6,574$5,725$4,975$3,142
14 years$7,910$6,846$5,906$5,082$4,361$2,640
15 years$7,306$6,254$5,333$4,532$3,840$2,225
16 years$6,778$5,738$4,835$4,058$3,394$1,881
17 years$6,313$5,284$4,399$3,646$3,009$1,595
18 years$5,901$4,883$4,016$3,286$2,676$1,354
19 years$5,532$4,525$3,677$2,969$2,385$1,152
20 years$5,200$4,205$3,374$2,689$2,130$982
21 years$4,900$3,917$3,104$2,440$1,906$837
22 years$4,628$3,656$2,860$2,219$1,709$715
23 years$4,380$3,420$2,641$2,021$1,534$611
24 years$4,153$3,204$2,443$1,843$1,379$523
25 years$3,945$3,007$2,262$1,683$1,241$447
26 years$3,752$2,826$2,098$1,539$1,117$383
27 years$3,575$2,660$1,948$1,409$1,007$328
28 years$3,410$2,506$1,811$1,291$909$281
29 years$3,257$2,364$1,686$1,184$821$241
30 years$3,114$2,233$1,570$1,086$742$207
31 years$2,981$2,111$1,464$998$671$177
32 years$2,857$1,997$1,366$917$607$152
33 years$2,740$1,891$1,275$843$549$131
34 years$2,630$1,793$1,191$776$497$112
35 years$2,527$1,700$1,114$714$450$96
36 years$2,430$1,614$1,042$658$408$83
37 years$2,338$1,533$975$606$370$71
38 years$2,252$1,457$913$559$335$61
39 years$2,170$1,385$856$515$304$52
40 years$2,092$1,318$802$475$276$45
41 years$2,018$1,254$752$438$250$39
42 years$1,948$1,195$705$404$227$33
43 years$1,881$1,138$662$373$206$28
44 years$1,818$1,085$621$345$187$24
45 years$1,757$1,035$583$318$170$21
46 years$1,700$987$548$294$154$18
47 years$1,645$942$515$272$140$15
48 years$1,592$899$484$251$127$13
49 years$1,542$859$455$232$115$11
50 years$1,494$820$428$214$105$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,530,000, adding $4,977 every year, while hoping to spend $21,850 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: 52/34/14 Blend
58$1,530,000$1,530,000$1,530,000$1,530,000
59$1,691,194$1,610,104$1,586,389$1,772,534
60$1,840,447$1,665,751$1,616,285$1,884,346
61$2,004,192$1,723,392$1,646,450$2,003,156
62$2,183,884$1,783,102$1,676,870$2,131,881
63$2,381,125$1,844,959$1,707,530$2,271,464
64$2,597,681$1,909,043$1,738,413$2,422,943
65$2,835,497$1,975,438$1,769,502$2,587,462
66$3,096,714$2,044,232$1,800,777$2,766,274
67$3,383,694$2,115,514$1,832,218$2,960,764
68$3,699,036$2,189,379$1,863,802$3,172,449
69$4,045,604$2,265,925$1,895,506$3,403,005
70$4,426,554$2,345,254$1,927,304$3,654,270
71$4,845,362$2,427,471$1,959,168$3,928,273
72$5,305,858$2,512,687$1,991,070$4,227,241
73$5,812,263$2,601,016$2,022,978$4,553,630
74$6,369,225$2,692,577$2,054,859$4,910,142
75$6,981,867$2,787,493$2,086,678$5,299,752
76$7,655,832$2,885,895$2,118,396$5,725,733
77$8,397,338$2,987,916$2,149,974$6,191,691
78$9,213,238$3,093,695$2,181,369$6,701,596
79$10,111,079$3,203,377$2,212,536$7,259,819
80$11,099,181$3,317,113$2,243,427$7,871,173
81$12,186,706$3,435,061$2,273,991$8,540,960
82$13,383,755$3,557,384$2,304,175$9,275,016
83$14,701,454$3,684,252$2,333,921$10,079,771
84$16,152,064$3,815,842$2,363,168$10,962,304
85$17,749,094$3,952,338$2,391,854$11,930,414
86$19,507,431$4,093,932$2,419,911$12,992,691
87$21,443,479$4,240,824$2,447,268$14,158,594
88$23,575,311$4,393,222$2,473,849$15,438,546
89$25,922,846$4,551,342$2,499,575$16,844,024
90$28,508,028$4,715,410$2,524,363$18,387,674
91$31,355,042$4,885,661$2,548,125$20,083,425
92$34,490,537$5,062,339$2,570,767$21,946,621
93$37,943,876$5,245,698$2,592,192$23,994,166
94$41,747,418$5,436,003$2,612,297$26,244,683
95$45,936,819$5,633,532$2,630,974$28,718,686
96$50,551,371$5,838,571$2,648,107$31,438,779
97$55,634,370$6,051,420$2,663,578$34,429,860
98$61,233,528$6,272,392$2,677,261$37,719,365
99$67,401,420$6,501,812$2,689,021$41,337,518
100$74,195,983$6,740,019$2,698,722$45,317,619