Can I retire at age 59 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$135,430$134,223$133,046$131,898$130,776$130,061
2 years$67,044$65,796$64,586$63,412$62,274$61,553
3 years$44,252$42,998$41,791$40,629$39,509$38,804
4 years$32,858$31,608$30,413$29,271$28,178$27,494
5 years$26,024$24,781$23,602$22,483$21,421$20,760
6 years$21,469$20,236$19,074$17,980$16,950$16,313
7 years$18,217$16,994$15,850$14,782$13,784$13,172
8 years$15,779$14,567$13,442$12,400$11,436$10,848
9 years$13,884$12,683$11,578$10,562$9,630$9,067
10 years$12,368$11,180$10,094$9,105$8,206$7,666
11 years$11,129$9,953$8,887$7,924$7,057$6,541
12 years$10,098$8,933$7,887$6,950$6,116$5,623
13 years$9,225$8,073$7,046$6,136$5,333$4,863
14 years$8,478$7,338$6,331$5,447$4,675$4,228
15 years$7,831$6,703$5,716$4,858$4,116$3,691
16 years$7,266$6,150$5,182$4,350$3,638$3,233
17 years$6,767$5,664$4,716$3,908$3,225$2,842
18 years$6,325$5,234$4,305$3,522$2,868$2,504
19 years$5,929$4,851$3,941$3,182$2,556$2,212
20 years$5,574$4,507$3,617$2,882$2,283$1,957
21 years$5,253$4,199$3,327$2,616$2,043$1,735
22 years$4,961$3,919$3,066$2,378$1,832$1,540
23 years$4,695$3,666$2,831$2,166$1,644$1,369
24 years$4,452$3,434$2,618$1,976$1,478$1,219
25 years$4,228$3,223$2,425$1,804$1,330$1,086
26 years$4,022$3,029$2,249$1,650$1,198$968
27 years$3,832$2,851$2,088$1,510$1,080$864
28 years$3,655$2,686$1,941$1,383$974$772
29 years$3,491$2,534$1,807$1,269$880$690
30 years$3,338$2,393$1,683$1,164$795$617
31 years$3,196$2,262$1,569$1,069$719$552
32 years$3,062$2,141$1,464$983$650$494
33 years$2,937$2,027$1,367$904$588$442
34 years$2,819$1,921$1,277$831$533$396
35 years$2,709$1,822$1,194$765$483$355
36 years$2,605$1,730$1,117$705$437$318
37 years$2,506$1,643$1,045$650$396$285
38 years$2,413$1,561$979$599$359$256
39 years$2,325$1,485$917$552$326$229
40 years$2,242$1,412$860$509$295$206
41 years$2,163$1,345$806$470$268$185
42 years$2,088$1,281$756$434$243$166
43 years$2,017$1,220$710$400$221$149
44 years$1,949$1,163$666$370$200$133
45 years$1,884$1,109$625$341$182$120
46 years$1,822$1,058$587$315$165$108
47 years$1,763$1,010$552$291$150$97
48 years$1,707$964$519$269$136$87
49 years$1,653$920$487$249$124$78
50 years$1,601$879$458$230$112$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,640,000, adding $4,086 every year, while hoping to spend $35,378 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: 25/50/25 Blend
58$1,640,000$1,640,000$1,640,000$1,640,000
59$1,811,495$1,724,575$1,699,155$1,842,379
60$1,958,625$1,771,437$1,718,434$1,914,918
61$2,119,577$1,819,410$1,737,174$1,989,333
62$2,295,724$1,868,510$1,755,319$2,068,374
63$2,488,575$1,918,755$1,772,810$2,152,451
64$2,699,796$1,970,160$1,789,585$2,242,015
65$2,931,219$2,022,742$1,805,581$2,337,562
66$3,184,863$2,076,516$1,820,727$2,439,639
67$3,462,950$2,131,496$1,834,952$2,548,849
68$3,767,929$2,187,698$1,848,181$2,665,852
69$4,102,496$2,245,133$1,860,334$2,791,379
70$4,469,622$2,303,815$1,871,326$2,926,232
71$4,872,577$2,363,756$1,881,069$3,071,297
72$5,314,966$2,424,967$1,889,471$3,227,548
73$5,800,759$2,487,456$1,896,434$3,396,059
74$6,334,327$2,551,232$1,901,856$3,578,013
75$6,920,490$2,616,304$1,905,629$3,774,712
76$7,564,552$2,682,675$1,907,641$3,987,593
77$8,272,362$2,750,352$1,907,772$4,218,239
78$9,050,359$2,819,335$1,905,899$4,468,392
79$9,905,640$2,889,627$1,901,890$4,739,975
80$10,846,022$2,961,225$1,895,610$5,035,106
81$11,880,118$3,034,127$1,886,915$5,356,119
82$13,017,418$3,108,327$1,875,655$5,705,586
83$14,268,377$3,183,817$1,861,671$6,086,343
84$15,644,513$3,260,586$1,844,799$6,501,516
85$17,158,519$3,338,621$1,824,866$6,954,550
86$18,824,380$3,417,905$1,801,690$7,449,241
87$20,657,502$3,498,418$1,775,082$7,989,775
88$22,674,864$3,580,137$1,744,844$8,580,767
89$24,895,171$3,663,034$1,710,767$9,227,302
90$27,339,034$3,747,079$1,672,634$9,934,985
91$30,029,165$3,832,235$1,630,216$10,709,996
92$32,990,588$3,918,463$1,583,277$11,559,148
93$36,250,877$4,005,717$1,531,566$12,489,948
94$39,840,417$4,093,947$1,474,823$13,510,675
95$43,792,685$4,183,096$1,412,776$14,630,451
96$48,144,575$4,273,104$1,345,139$15,859,335
97$52,936,735$4,363,900$1,271,616$17,208,412
98$58,213,961$4,455,409$1,191,893$18,689,904
99$64,025,610$4,547,550$1,105,647$20,317,283
100$70,426,074$4,640,231$1,012,537$22,105,396