Can I retire at age 59 with 1,590,000?

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 $1,590,000?

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 years$131,301$130,131$128,990$127,876$126,789$125,727
2 years$65,000$63,790$62,617$61,479$60,376$59,305
3 years$42,903$41,687$40,517$39,390$38,305$37,259
4 years$31,857$30,645$29,486$28,378$27,319$26,306
5 years$25,231$24,026$22,882$21,797$20,768$19,791
6 years$20,815$19,619$18,492$17,432$16,433$15,493
7 years$17,662$16,476$15,367$14,331$13,364$12,462
8 years$15,298$14,123$13,033$12,022$11,087$10,222
9 years$13,460$12,296$11,225$10,240$9,337$8,509
10 years$11,991$10,839$9,786$8,827$7,955$7,164
11 years$10,790$9,649$8,616$7,682$6,842$6,087
12 years$9,790$8,661$7,646$6,738$5,929$5,210
13 years$8,944$7,827$6,831$5,949$5,170$4,486
14 years$8,220$7,114$6,138$5,281$4,532$3,881
15 years$7,593$6,499$5,542$4,710$3,991$3,373
16 years$7,044$5,963$5,024$4,217$3,527$2,941
17 years$6,561$5,491$4,572$3,789$3,127$2,572
18 years$6,132$5,074$4,174$3,415$2,781$2,255
19 years$5,749$4,703$3,821$3,085$2,478$1,982
20 years$5,404$4,370$3,507$2,794$2,214$1,745
21 years$5,092$4,071$3,225$2,536$1,981$1,539
22 years$4,810$3,800$2,973$2,306$1,776$1,359
23 years$4,552$3,554$2,745$2,100$1,594$1,202
24 years$4,316$3,330$2,538$1,915$1,433$1,064
25 years$4,099$3,125$2,351$1,749$1,289$943
26 years$3,900$2,937$2,180$1,599$1,161$836
27 years$3,715$2,764$2,025$1,464$1,047$742
28 years$3,544$2,604$1,882$1,341$945$659
29 years$3,385$2,457$1,752$1,230$853$586
30 years$3,237$2,320$1,632$1,129$771$521
31 years$3,098$2,193$1,521$1,037$697$463
32 years$2,969$2,075$1,419$953$630$412
33 years$2,847$1,965$1,325$876$570$367
34 years$2,734$1,863$1,238$806$517$327
35 years$2,626$1,767$1,158$742$468$291
36 years$2,525$1,677$1,083$683$424$260
37 years$2,430$1,593$1,014$630$384$231
38 years$2,340$1,514$949$580$348$206
39 years$2,255$1,439$889$535$316$184
40 years$2,174$1,369$833$494$286$164
41 years$2,097$1,304$782$455$260$146
42 years$2,024$1,241$733$420$236$130
43 years$1,955$1,183$688$388$214$116
44 years$1,889$1,128$646$358$194$104
45 years$1,826$1,075$606$331$176$93
46 years$1,766$1,026$569$306$160$83
47 years$1,709$979$535$282$145$74
48 years$1,655$934$503$261$132$66
49 years$1,602$892$473$241$120$59
50 years$1,552$852$444$223$109$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,590,000, adding $5,768 every year, while hoping to spend $24,954 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: 63/25/12 Blend
58$1,590,000$1,590,000$1,590,000$1,590,000
59$1,758,130$1,673,860$1,649,215$1,863,625
60$1,910,908$1,729,328$1,677,913$1,990,416
61$2,078,433$1,786,678$1,706,735$2,125,404
62$2,262,184$1,845,975$1,735,661$2,272,182
63$2,463,787$1,907,288$1,764,666$2,431,895
64$2,685,035$1,970,688$1,793,725$2,605,804
65$2,927,904$2,036,247$1,822,810$2,795,294
66$3,194,569$2,104,042$1,851,893$3,001,894
67$3,487,427$2,174,151$1,880,943$3,227,283
68$3,809,117$2,246,657$1,909,927$3,473,313
69$4,162,547$2,321,643$1,938,810$3,742,019
70$4,550,922$2,399,199$1,967,554$4,035,645
71$4,977,770$2,479,414$1,996,122$4,356,660
72$5,446,981$2,562,383$2,024,470$4,707,783
73$5,962,837$2,648,204$2,052,554$5,092,009
74$6,530,059$2,736,979$2,080,328$5,512,635
75$7,153,847$2,828,813$2,107,740$5,973,293
76$7,839,930$2,923,815$2,134,740$6,477,982
77$8,594,619$3,022,098$2,161,270$7,031,108
78$9,424,869$3,123,780$2,187,271$7,637,523
79$10,338,343$3,228,983$2,212,683$8,302,570
80$11,343,484$3,337,833$2,237,437$9,032,137
81$12,449,595$3,450,462$2,261,466$9,832,707
82$13,666,924$3,567,005$2,284,696$10,711,424
83$15,006,766$3,687,604$2,307,050$11,676,156
84$16,481,566$3,812,406$2,328,445$12,735,570
85$18,105,034$3,941,563$2,348,797$13,899,216
86$19,892,280$4,075,232$2,368,014$15,177,614
87$21,859,952$4,213,578$2,386,002$16,582,353
88$24,026,395$4,356,770$2,402,660$18,126,201
89$26,411,821$4,504,986$2,417,883$19,823,225
90$29,038,505$4,658,408$2,431,560$21,688,924
91$31,930,990$4,817,228$2,443,575$23,740,372
92$35,116,321$4,981,642$2,453,805$25,996,382
93$38,624,300$5,151,857$2,462,122$28,477,683
94$42,487,764$5,328,084$2,468,389$31,207,112
95$46,742,902$5,510,546$2,472,466$34,209,834
96$51,429,587$5,699,472$2,474,203$37,513,573
97$56,591,760$5,895,101$2,473,443$41,148,878
98$62,277,840$6,097,681$2,470,024$45,149,411
99$68,541,182$6,307,470$2,463,772$49,552,259
100$75,440,581$6,524,735$2,454,507$54,398,290