Can I retire at age 59 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$133,778$132,586$131,424$130,289$129,181$127,567
2 years$66,227$64,993$63,798$62,639$61,515$59,891
3 years$43,713$42,474$41,282$40,133$39,028$37,444
4 years$32,458$31,223$30,042$28,914$27,835$26,304
5 years$25,707$24,479$23,314$22,209$21,160$19,685
6 years$21,207$19,989$18,841$17,760$16,743$15,328
7 years$17,995$16,787$15,657$14,602$13,616$12,261
8 years$15,586$14,389$13,279$12,249$11,296$10,000
9 years$13,714$12,528$11,437$10,434$9,513$8,275
10 years$12,217$11,043$9,971$8,994$8,106$6,926
11 years$10,994$9,831$8,778$7,827$6,971$5,848
12 years$9,974$8,824$7,790$6,866$6,041$4,973
13 years$9,113$7,974$6,960$6,061$5,268$4,254
14 years$8,375$7,248$6,254$5,381$4,618$3,657
15 years$7,736$6,622$5,646$4,798$4,066$3,156
16 years$7,177$6,075$5,119$4,297$3,593$2,733
17 years$6,685$5,595$4,658$3,860$3,186$2,374
18 years$6,248$5,170$4,252$3,479$2,833$2,067
19 years$5,857$4,791$3,893$3,144$2,525$1,803
20 years$5,506$4,452$3,573$2,847$2,255$1,576
21 years$5,189$4,147$3,286$2,584$2,018$1,380
22 years$4,900$3,871$3,029$2,349$1,809$1,209
23 years$4,638$3,621$2,797$2,140$1,624$1,061
24 years$4,397$3,392$2,586$1,951$1,460$932
25 years$4,177$3,184$2,395$1,782$1,314$820
26 years$3,973$2,992$2,222$1,630$1,183$721
27 years$3,785$2,816$2,063$1,492$1,067$635
28 years$3,611$2,653$1,918$1,367$963$560
29 years$3,449$2,503$1,785$1,253$869$493
30 years$3,298$2,364$1,662$1,150$785$435
31 years$3,157$2,235$1,550$1,056$710$384
32 years$3,025$2,115$1,446$971$642$339
33 years$2,901$2,003$1,350$893$581$299
34 years$2,785$1,898$1,261$821$526$264
35 years$2,676$1,800$1,179$756$477$233
36 years$2,573$1,709$1,103$696$432$206
37 years$2,476$1,623$1,033$642$391$182
38 years$2,384$1,542$967$591$355$161
39 years$2,297$1,467$906$545$322$142
40 years$2,215$1,395$849$503$292$126
41 years$2,137$1,328$796$464$265$111
42 years$2,062$1,265$747$428$240$98
43 years$1,992$1,205$701$395$218$87
44 years$1,925$1,149$658$365$198$77
45 years$1,861$1,095$618$337$180$68
46 years$1,800$1,045$580$311$163$60
47 years$1,742$997$545$288$148$53
48 years$1,686$952$512$266$135$47
49 years$1,633$909$481$246$122$42
50 years$1,582$868$453$227$111$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,620,000, adding $2,382 every year, while hoping to spend $55,041 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: 58/13/29 Blend
58$1,620,000$1,620,000$1,620,000$1,620,000
59$1,787,697$1,701,837$1,676,727$1,877,059
60$1,911,479$1,726,664$1,674,334$1,963,436
61$2,046,042$1,750,862$1,670,016$2,051,588
62$2,192,427$1,774,344$1,663,651$2,146,589
63$2,351,781$1,797,013$1,655,110$2,249,121
64$2,525,365$1,818,769$1,644,258$2,359,935
65$2,714,565$1,839,502$1,630,954$2,479,862
66$2,920,910$1,859,097$1,615,050$2,609,817
67$3,146,080$1,877,429$1,596,392$2,750,811
68$3,391,926$1,894,369$1,574,816$2,903,962
69$3,660,483$1,909,774$1,550,153$3,070,500
70$3,953,995$1,923,495$1,522,225$3,251,785
71$4,274,929$1,935,373$1,490,847$3,449,318
72$4,626,004$1,945,238$1,455,822$3,664,754
73$5,010,211$1,952,910$1,416,948$3,899,920
74$5,430,848$1,958,197$1,374,010$4,156,834
75$5,891,541$1,960,896$1,326,786$4,437,719
76$6,396,288$1,960,789$1,275,043$4,745,031
77$6,949,488$1,957,647$1,218,536$5,081,479
78$7,555,990$1,951,226$1,157,011$5,450,050
79$8,221,131$1,941,266$1,090,201$5,854,042
80$8,950,791$1,927,493$1,017,828$6,297,092
81$9,751,446$1,909,615$939,599$6,783,213
82$10,630,230$1,887,322$855,212$7,316,830
83$11,595,000$1,860,287$764,348$7,902,827
84$12,654,412$1,828,163$666,676$8,546,589
85$13,818,000$1,790,581$561,848$9,254,057
86$15,096,269$1,747,153$449,503$10,031,783
87$16,500,790$1,697,465$329,262$10,886,994
88$18,044,310$1,641,080$200,732$11,827,659
89$19,740,873$1,577,536$63,499$12,862,568
90$21,605,950$1,506,343$0$14,001,416
91$23,656,588$1,426,985$0$15,280,561
92$25,911,566$1,338,913$0$16,708,759
93$28,391,575$1,241,549$0$18,279,487
94$31,119,412$1,134,281$0$20,007,231
95$34,120,192$1,016,461$0$21,907,954
96$37,421,590$887,406$0$23,999,250
97$41,054,096$746,394$0$26,300,508
98$45,051,307$592,659$0$28,833,096
99$49,450,238$425,398$0$31,620,562
100$54,291,677$243,757$0$34,688,857