Can I retire at age 59 with 1,580,000?

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 $1,580,000?

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$130,475$129,313$128,179$127,072$125,991$122,697
2 years$64,592$63,389$62,223$61,092$59,996$56,699
3 years$42,633$41,425$40,262$39,142$38,064$34,868
4 years$31,656$30,452$29,301$28,200$27,147$24,077
5 years$25,072$23,875$22,738$21,660$20,637$17,701
6 years$20,684$19,495$18,376$17,322$16,329$13,530
7 years$17,550$16,372$15,271$14,241$13,280$10,618
8 years$15,202$14,034$12,951$11,947$11,017$8,491
9 years$13,376$12,219$11,154$10,176$9,278$6,885
10 years$11,916$10,771$9,725$8,772$7,905$5,643
11 years$10,722$9,588$8,561$7,634$6,799$4,664
12 years$9,728$8,606$7,598$6,696$5,892$3,880
13 years$8,888$7,777$6,788$5,912$5,138$3,245
14 years$8,168$7,069$6,099$5,248$4,504$2,726
15 years$7,545$6,458$5,507$4,680$3,965$2,298
16 years$7,000$5,925$4,993$4,190$3,505$1,943
17 years$6,520$5,457$4,543$3,765$3,107$1,647
18 years$6,093$5,042$4,147$3,393$2,763$1,399
19 years$5,712$4,673$3,797$3,066$2,463$1,190
20 years$5,370$4,343$3,484$2,777$2,200$1,014
21 years$5,060$4,045$3,205$2,520$1,969$865
22 years$4,779$3,776$2,954$2,291$1,765$739
23 years$4,523$3,531$2,727$2,087$1,584$631
24 years$4,289$3,309$2,522$1,903$1,424$540
25 years$4,073$3,105$2,336$1,738$1,281$462
26 years$3,875$2,918$2,167$1,589$1,154$396
27 years$3,692$2,746$2,012$1,455$1,040$339
28 years$3,521$2,588$1,870$1,333$939$291
29 years$3,363$2,441$1,741$1,222$848$249
30 years$3,216$2,306$1,621$1,122$766$214
31 years$3,079$2,180$1,512$1,030$692$183
32 years$2,950$2,062$1,410$947$626$157
33 years$2,830$1,953$1,317$871$567$135
34 years$2,716$1,851$1,230$801$513$116
35 years$2,610$1,756$1,150$737$465$99
36 years$2,509$1,666$1,076$679$421$85
37 years$2,415$1,583$1,007$626$382$73
38 years$2,325$1,504$943$577$346$63
39 years$2,240$1,430$884$532$314$54
40 years$2,160$1,361$828$491$285$46
41 years$2,084$1,295$777$453$258$40
42 years$2,012$1,234$728$418$234$34
43 years$1,943$1,175$684$386$213$29
44 years$1,877$1,120$642$356$193$25
45 years$1,815$1,068$603$329$175$22
46 years$1,755$1,019$566$304$159$19
47 years$1,699$973$532$281$144$16
48 years$1,644$929$500$259$131$14
49 years$1,592$887$470$240$119$12
50 years$1,543$847$441$221$108$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,580,000, adding $3,758 every year, while hoping to spend $46,840 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: 61/21/18 Blend
58$1,580,000$1,580,000$1,580,000$1,580,000
59$1,745,036$1,661,296$1,636,806$1,843,206
60$1,873,193$1,692,863$1,641,802$1,941,457
61$2,012,851$1,724,405$1,645,395$2,043,078
62$2,165,135$1,755,875$1,647,489$2,152,896
63$2,331,282$1,787,216$1,647,983$2,271,710
64$2,512,653$1,818,369$1,646,771$2,400,404
65$2,710,746$1,849,272$1,643,740$2,539,950
66$2,927,212$1,879,856$1,638,775$2,691,420
67$3,163,867$1,910,048$1,631,753$2,855,997
68$3,422,709$1,939,769$1,622,545$3,034,984
69$3,705,942$1,968,933$1,611,016$3,229,816
70$4,015,989$1,997,452$1,597,026$3,442,079
71$4,355,520$2,025,227$1,580,427$3,673,517
72$4,727,475$2,052,156$1,561,063$3,926,056
73$5,135,092$2,078,126$1,538,773$4,201,818
74$5,581,936$2,103,019$1,513,387$4,503,141
75$6,071,935$2,126,708$1,484,727$4,832,605
76$6,609,414$2,149,058$1,452,607$5,193,054
77$7,199,137$2,169,925$1,416,832$5,587,622
78$7,846,352$2,189,155$1,377,200$6,019,765
79$8,556,840$2,206,583$1,333,496$6,493,294
80$9,336,968$2,222,036$1,285,497$7,012,408
81$10,193,749$2,235,326$1,232,972$7,581,739
82$11,134,911$2,246,257$1,175,677$8,206,393
83$12,168,966$2,254,617$1,113,355$8,891,997
84$13,305,290$2,260,183$1,045,743$9,644,757
85$14,554,215$2,262,718$972,561$10,471,513
86$15,927,122$2,261,967$893,518$11,379,807
87$17,436,549$2,257,664$808,311$12,377,951
88$19,096,310$2,249,523$716,623$13,475,110
89$20,921,626$2,237,242$618,122$14,681,389
90$22,929,265$2,220,500$512,463$16,007,923
91$25,137,703$2,198,958$399,283$17,466,991
92$27,567,296$2,172,254$278,206$19,072,128
93$30,240,472$2,140,006$148,838$20,838,253
94$33,181,943$2,101,809$10,767$22,781,812
95$36,418,938$2,057,234$0$24,920,935
96$39,981,458$2,005,827$0$27,301,838
97$43,902,560$1,947,106$0$29,924,230
98$48,218,669$1,880,563$0$32,810,415
99$52,969,920$1,805,657$0$35,987,251
100$58,200,536$1,721,818$0$39,484,342