Can I retire at age 59 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$134,604$133,405$132,235$131,093$129,978$126,070
2 years$66,636$65,395$64,192$63,026$61,895$57,990
3 years$43,982$42,736$41,536$40,381$39,268$35,490
4 years$32,658$31,416$30,228$29,092$28,007$24,383
5 years$25,865$24,630$23,458$22,346$21,290$17,832
6 years$21,338$20,112$18,958$17,870$16,846$13,556
7 years$18,106$16,890$15,754$14,692$13,700$10,578
8 years$15,683$14,478$13,361$12,325$11,366$8,409
9 years$13,799$12,606$11,507$10,498$9,572$6,778
10 years$12,293$11,111$10,032$9,049$8,156$5,520
11 years$11,061$9,892$8,832$7,876$7,014$4,533
12 years$10,036$8,878$7,839$6,908$6,078$3,746
13 years$9,169$8,023$7,003$6,099$5,300$3,112
14 years$8,426$7,293$6,292$5,414$4,646$2,597
15 years$7,784$6,662$5,681$4,828$4,091$2,174
16 years$7,222$6,113$5,151$4,323$3,616$1,825
17 years$6,726$5,629$4,687$3,884$3,206$1,535
18 years$6,286$5,202$4,279$3,500$2,850$1,294
19 years$5,893$4,821$3,917$3,163$2,541$1,093
20 years$5,540$4,480$3,595$2,865$2,269$924
21 years$5,221$4,173$3,306$2,600$2,031$782
22 years$4,931$3,895$3,047$2,364$1,820$663
23 years$4,666$3,643$2,814$2,153$1,634$562
24 years$4,425$3,413$2,602$1,964$1,469$477
25 years$4,202$3,203$2,410$1,793$1,322$405
26 years$3,998$3,011$2,235$1,640$1,190$344
27 years$3,808$2,833$2,076$1,501$1,073$292
28 years$3,633$2,670$1,930$1,375$968$249
29 years$3,470$2,519$1,796$1,261$875$211
30 years$3,318$2,379$1,673$1,157$790$180
31 years$3,176$2,249$1,559$1,063$714$153
32 years$3,043$2,128$1,455$977$646$130
33 years$2,919$2,015$1,358$898$585$111
34 years$2,802$1,910$1,269$826$529$94
35 years$2,692$1,811$1,187$761$480$80
36 years$2,589$1,719$1,110$701$435$68
37 years$2,491$1,633$1,039$646$394$58
38 years$2,399$1,552$973$595$357$50
39 years$2,311$1,476$912$549$324$42
40 years$2,228$1,404$854$506$294$36
41 years$2,150$1,336$801$467$266$31
42 years$2,075$1,273$752$431$242$26
43 years$2,004$1,213$705$398$219$22
44 years$1,937$1,156$662$367$199$19
45 years$1,872$1,102$622$339$181$16
46 years$1,811$1,052$584$313$164$14
47 years$1,752$1,003$548$289$149$12
48 years$1,696$958$515$267$135$10
49 years$1,643$915$484$247$123$8
50 years$1,591$874$455$228$112$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,630,000, adding $3,209 every year, while hoping to spend $47,152 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: 59/22/19 Blend
58$1,630,000$1,630,000$1,630,000$1,630,000
59$1,799,570$1,713,180$1,687,915$1,896,604
60$1,932,957$1,746,957$1,694,291$1,996,511
61$2,078,369$1,780,808$1,699,300$2,099,973
62$2,236,983$1,814,687$1,702,847$2,211,742
63$2,410,094$1,848,546$1,704,831$2,332,629
64$2,599,127$1,882,329$1,705,147$2,463,527
65$2,805,654$1,915,978$1,703,685$2,605,423
66$3,031,400$1,949,431$1,700,328$2,759,403
67$3,278,269$1,982,619$1,694,955$2,926,664
68$3,548,355$2,015,470$1,687,439$3,108,526
69$3,843,965$2,047,906$1,677,645$3,306,444
70$4,167,638$2,079,842$1,665,435$3,522,023
71$4,522,170$2,111,187$1,650,660$3,757,033
72$4,910,642$2,141,846$1,633,167$4,013,421
73$5,336,445$2,171,714$1,612,796$4,293,340
74$5,803,314$2,200,680$1,589,377$4,599,158
75$6,315,365$2,228,626$1,562,734$4,933,490
76$6,877,129$2,255,425$1,532,682$5,299,216
77$7,493,597$2,280,942$1,499,028$5,699,511
78$8,170,267$2,305,031$1,461,568$6,137,879
79$8,913,195$2,327,539$1,420,092$6,618,180
80$9,729,054$2,348,301$1,374,378$7,144,670
81$10,625,191$2,367,141$1,324,193$7,722,042
82$11,609,703$2,383,874$1,269,297$8,355,468
83$12,691,509$2,398,300$1,209,434$9,050,653
84$13,880,435$2,410,208$1,144,342$9,813,884
85$15,187,303$2,419,373$1,073,742$10,652,093
86$16,624,041$2,425,555$997,345$11,572,921
87$18,203,787$2,428,501$914,850$12,584,795
88$19,941,016$2,427,940$825,939$13,697,000
89$21,851,676$2,423,585$730,285$14,919,776
90$23,953,338$2,415,133$627,541$16,264,409
91$26,265,364$2,402,259$517,348$17,743,343
92$28,809,082$2,384,621$399,331$19,370,292
93$31,607,996$2,361,855$273,096$21,160,378
94$34,688,002$2,333,576$138,235$23,130,268
95$38,077,632$2,299,375$0$25,298,335
96$41,808,325$2,258,819$0$27,685,987
97$45,914,722$2,211,449$0$30,344,378
98$50,434,993$2,156,779$0$33,270,158
99$55,411,196$2,094,295$0$36,490,554
100$60,889,674$2,023,453$0$40,035,572