Can I retire at age 59 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$132,952$131,768$130,613$129,485$128,384$124,573
2 years$65,818$64,592$63,404$62,252$61,135$57,328
3 years$43,443$42,212$41,027$39,886$38,787$35,102
4 years$32,257$31,030$29,857$28,735$27,663$24,129
5 years$25,548$24,328$23,170$22,072$21,029$17,655
6 years$21,076$19,866$18,725$17,651$16,639$13,429
7 years$17,884$16,683$15,561$14,512$13,532$10,485
8 years$15,490$14,300$13,197$12,173$11,226$8,340
9 years$13,630$12,451$11,366$10,369$9,454$6,726
10 years$12,142$10,975$9,909$8,938$8,055$5,482
11 years$10,926$9,770$8,724$7,779$6,928$4,504
12 years$9,913$8,769$7,742$6,823$6,004$3,725
13 years$9,056$7,925$6,917$6,024$5,235$3,097
14 years$8,323$7,204$6,215$5,347$4,589$2,585
15 years$7,688$6,581$5,611$4,769$4,041$2,166
16 years$7,133$6,038$5,088$4,270$3,571$1,819
17 years$6,644$5,560$4,630$3,837$3,166$1,532
18 years$6,209$5,138$4,226$3,458$2,815$1,292
19 years$5,821$4,762$3,869$3,124$2,509$1,092
20 years$5,472$4,425$3,551$2,830$2,242$924
21 years$5,157$4,122$3,266$2,568$2,006$783
22 years$4,870$3,847$3,010$2,335$1,798$664
23 years$4,609$3,598$2,779$2,126$1,614$563
24 years$4,370$3,372$2,570$1,939$1,451$478
25 years$4,151$3,164$2,381$1,771$1,305$407
26 years$3,949$2,974$2,208$1,619$1,176$346
27 years$3,762$2,799$2,050$1,482$1,060$294
28 years$3,588$2,637$1,906$1,358$957$250
29 years$3,427$2,488$1,774$1,245$864$213
30 years$3,277$2,349$1,652$1,143$780$181
31 years$3,137$2,221$1,540$1,050$706$154
32 years$3,006$2,102$1,437$965$638$131
33 years$2,883$1,990$1,342$887$578$112
34 years$2,768$1,886$1,254$816$523$95
35 years$2,659$1,789$1,172$751$474$81
36 years$2,557$1,698$1,096$692$429$69
37 years$2,461$1,613$1,026$638$389$59
38 years$2,369$1,533$961$588$353$50
39 years$2,283$1,457$900$542$320$43
40 years$2,201$1,387$844$500$290$36
41 years$2,123$1,320$791$461$263$31
42 years$2,050$1,257$742$426$239$27
43 years$1,980$1,198$697$393$217$23
44 years$1,913$1,142$654$363$197$19
45 years$1,849$1,089$614$335$179$16
46 years$1,789$1,039$577$309$162$14
47 years$1,731$991$542$286$147$12
48 years$1,675$946$509$264$134$10
49 years$1,623$904$479$244$121$9
50 years$1,572$863$450$226$110$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,610,000, adding $3,957 every year, while hoping to spend $34,223 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: 76/13/11 Blend
58$1,610,000$1,610,000$1,610,000$1,610,000
59$1,778,302$1,692,972$1,668,017$1,909,505
60$1,923,275$1,739,514$1,687,482$2,043,029
61$2,081,889$1,787,190$1,706,453$2,184,631
62$2,255,499$1,836,020$1,724,876$2,338,889
63$2,445,596$1,886,021$1,742,696$2,507,051
64$2,653,825$1,937,214$1,759,854$2,690,488
65$2,881,994$1,989,616$1,776,288$2,890,713
66$3,132,097$2,043,247$1,791,933$3,109,388
67$3,406,329$2,098,124$1,806,721$3,348,349
68$3,707,108$2,154,265$1,820,579$3,609,613
69$4,037,095$2,211,687$1,833,431$3,895,405
70$4,399,226$2,270,406$1,845,198$4,208,175
71$4,796,729$2,330,439$1,855,794$4,550,620
72$5,233,165$2,391,800$1,865,133$4,925,714
73$5,712,453$2,454,503$1,873,120$5,336,732
74$6,238,911$2,518,562$1,879,658$5,787,281
75$6,817,298$2,583,989$1,884,644$6,281,336
76$7,452,854$2,650,796$1,887,971$6,823,275
77$8,151,352$2,718,992$1,889,525$7,417,923
78$8,919,154$2,788,587$1,889,188$8,070,595
79$9,763,267$2,859,587$1,886,836$8,787,147
80$10,691,412$2,931,999$1,882,336$9,574,031
81$11,712,096$3,005,826$1,875,554$10,438,357
82$12,834,688$3,081,070$1,866,344$11,387,958
83$14,069,516$3,157,732$1,854,556$12,431,464
84$15,427,956$3,235,810$1,840,032$13,578,386
85$16,922,542$3,315,299$1,822,608$14,839,202
86$18,567,085$3,396,193$1,802,109$16,225,459
87$20,376,802$3,478,481$1,778,355$17,749,880
88$22,368,461$3,562,152$1,751,155$19,426,484
89$24,560,536$3,647,188$1,720,310$21,270,719
90$26,973,382$3,733,573$1,685,612$23,299,609
91$29,629,431$3,821,281$1,646,844$25,531,911
92$32,553,397$3,910,288$1,603,777$27,988,295
93$35,772,512$4,000,561$1,556,173$30,691,539
94$39,316,786$4,092,066$1,503,782$33,666,741
95$43,219,283$4,184,762$1,446,343$36,941,559
96$47,516,439$4,278,604$1,383,584$40,546,473
97$52,248,401$4,373,541$1,315,220$44,515,067
98$57,459,410$4,469,517$1,240,952$48,884,353
99$63,198,214$4,566,468$1,160,469$53,695,115
100$69,518,532$4,664,325$1,073,444$58,992,295