Can I retire at age 59 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$127,998$126,857$125,745$124,659$123,599$119,072
2 years$63,365$62,185$61,041$59,932$58,857$54,346
3 years$41,824$40,639$39,498$38,399$37,341$32,989
4 years$31,055$29,874$28,744$27,664$26,632$22,471
5 years$24,596$23,421$22,307$21,249$20,245$16,287
6 years$20,291$19,125$18,027$16,993$16,019$12,266
7 years$17,217$16,061$14,981$13,971$13,028$9,479
8 years$14,913$13,768$12,705$11,720$10,808$7,460
9 years$13,122$11,987$10,943$9,983$9,102$5,951
10 years$11,690$10,566$9,540$8,605$7,755$4,795
11 years$10,519$9,406$8,399$7,489$6,670$3,895
12 years$9,543$8,443$7,454$6,569$5,780$3,183
13 years$8,719$7,630$6,659$5,799$5,040$2,614
14 years$8,013$6,935$5,984$5,148$4,418$2,155
15 years$7,402$6,335$5,402$4,591$3,890$1,782
16 years$6,867$5,813$4,898$4,111$3,438$1,478
17 years$6,396$5,353$4,457$3,694$3,048$1,228
18 years$5,978$4,947$4,069$3,329$2,711$1,022
19 years$5,604$4,584$3,725$3,008$2,416$852
20 years$5,268$4,260$3,418$2,724$2,158$711
21 years$4,964$3,968$3,144$2,472$1,931$594
22 years$4,689$3,704$2,898$2,248$1,731$497
23 years$4,437$3,464$2,676$2,047$1,554$416
24 years$4,207$3,246$2,475$1,867$1,397$348
25 years$3,996$3,046$2,292$1,705$1,257$291
26 years$3,801$2,863$2,126$1,559$1,132$244
27 years$3,621$2,694$1,974$1,427$1,021$205
28 years$3,455$2,539$1,835$1,308$921$172
29 years$3,300$2,395$1,708$1,199$832$144
30 years$3,155$2,262$1,591$1,100$751$121
31 years$3,020$2,138$1,483$1,011$679$101
32 years$2,894$2,023$1,383$929$615$85
33 years$2,776$1,916$1,292$854$556$71
34 years$2,665$1,816$1,207$786$504$60
35 years$2,560$1,722$1,128$723$456$50
36 years$2,462$1,635$1,056$666$413$42
37 years$2,369$1,553$988$614$374$35
38 years$2,281$1,476$925$566$340$30
39 years$2,198$1,403$867$522$308$25
40 years$2,119$1,335$813$481$279$21
41 years$2,044$1,271$762$444$253$18
42 years$1,973$1,210$715$410$230$15
43 years$1,906$1,153$671$378$209$12
44 years$1,842$1,099$629$349$189$10
45 years$1,780$1,048$591$323$172$9
46 years$1,722$1,000$555$298$156$7
47 years$1,666$954$522$275$142$6
48 years$1,613$911$490$254$129$5
49 years$1,562$870$461$235$117$4
50 years$1,513$831$433$217$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,550,000, adding $2,841 every year, while hoping to spend $53,475 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: 69/20/11 Blend
58$1,550,000$1,550,000$1,550,000$1,550,000
59$1,711,030$1,628,880$1,604,855$1,824,975
60$1,828,659$1,651,799$1,601,721$1,923,886
61$1,956,493$1,674,048$1,596,690$2,025,335
62$2,095,517$1,695,538$1,589,641$2,134,908
63$2,246,815$1,716,174$1,580,449$2,253,397
64$2,411,578$1,735,855$1,568,982$2,381,670
65$2,591,118$1,754,471$1,555,102$2,520,686
66$2,786,878$1,771,906$1,538,664$2,671,503
67$3,000,447$1,788,037$1,519,517$2,835,285
68$3,233,573$1,802,732$1,497,501$3,013,316
69$3,488,181$1,815,849$1,472,451$3,207,012
70$3,766,390$1,827,240$1,444,192$3,417,933
71$4,070,532$1,836,745$1,412,543$3,647,797
72$4,403,176$1,844,195$1,377,313$3,898,502
73$4,767,149$1,849,410$1,338,302$4,172,137
74$5,165,565$1,852,198$1,295,302$4,471,006
75$5,601,853$1,852,355$1,248,095$4,797,649
76$6,079,788$1,849,667$1,196,452$5,154,866
77$6,603,529$1,843,903$1,140,136$5,545,743
78$7,177,655$1,834,820$1,078,896$5,973,684
79$7,807,209$1,822,160$1,012,473$6,442,440
80$8,497,748$1,805,649$940,593$6,956,147
81$9,255,388$1,784,996$862,974$7,519,364
82$10,086,871$1,759,893$779,316$8,137,117
83$10,999,618$1,730,015$689,310$8,814,949
84$12,001,808$1,695,015$592,631$9,558,967
85$13,102,449$1,654,527$488,940$10,375,906
86$14,311,464$1,608,164$377,885$11,273,191
87$15,639,784$1,555,514$259,095$12,259,005
88$17,099,452$1,496,145$132,184$13,342,371
89$18,703,735$1,429,594$0$14,533,235
90$20,467,249$1,355,378$0$15,842,943
91$22,406,097$1,272,980$0$17,299,782
92$24,538,020$1,181,858$0$18,901,596
93$26,882,565$1,081,435$0$20,663,128
94$29,461,265$971,104$0$22,600,624
95$32,297,848$850,222$0$24,731,990
96$35,418,455$718,110$0$27,076,963
97$38,851,891$574,051$0$29,657,292
98$42,629,891$417,286$0$32,496,950
99$46,787,423$247,016$0$35,622,358
100$51,363,016$62,395$0$39,062,634