Can I retire at age 59 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$136,255$135,042$133,858$132,702$131,573$129,234
2 years$67,453$66,197$64,979$63,799$62,654$60,305
3 years$44,522$43,260$42,046$40,877$39,750$37,465
4 years$33,059$31,801$30,599$29,449$28,350$26,146
5 years$26,183$24,932$23,746$22,620$21,551$19,435
6 years$21,600$20,359$19,190$18,089$17,053$15,027
7 years$18,328$17,098$15,947$14,872$13,869$11,933
8 years$15,875$14,656$13,524$12,476$11,505$9,659
9 years$13,968$12,761$11,649$10,627$9,689$7,932
10 years$12,444$11,248$10,156$9,160$8,256$6,586
11 years$11,197$10,013$8,941$7,972$7,100$5,516
12 years$10,159$8,987$7,935$6,993$6,153$4,652
13 years$9,281$8,122$7,089$6,174$5,365$3,946
14 years$8,530$7,383$6,370$5,480$4,703$3,363
15 years$7,879$6,744$5,751$4,887$4,141$2,876
16 years$7,310$6,188$5,214$4,376$3,660$2,468
17 years$6,809$5,699$4,745$3,932$3,245$2,124
18 years$6,363$5,266$4,331$3,543$2,885$1,832
19 years$5,966$4,880$3,965$3,202$2,572$1,583
20 years$5,608$4,535$3,639$2,900$2,297$1,370
21 years$5,285$4,224$3,347$2,632$2,056$1,188
22 years$4,991$3,943$3,085$2,393$1,843$1,031
23 years$4,724$3,688$2,848$2,179$1,654$896
24 years$4,479$3,455$2,634$1,988$1,487$779
25 years$4,254$3,243$2,440$1,815$1,338$678
26 years$4,047$3,048$2,263$1,660$1,205$590
27 years$3,855$2,868$2,101$1,519$1,086$515
28 years$3,677$2,703$1,953$1,392$980$449
29 years$3,512$2,550$1,818$1,276$885$391
30 years$3,359$2,408$1,693$1,171$800$341
31 years$3,215$2,276$1,578$1,076$723$298
32 years$3,081$2,154$1,473$989$654$260
33 years$2,955$2,040$1,375$909$592$227
34 years$2,837$1,933$1,285$837$536$199
35 years$2,725$1,834$1,201$770$485$173
36 years$2,621$1,740$1,124$709$440$152
37 years$2,522$1,653$1,052$653$399$132
38 years$2,428$1,571$985$602$361$116
39 years$2,340$1,494$923$555$328$101
40 years$2,256$1,421$865$512$297$88
41 years$2,176$1,353$811$473$270$77
42 years$2,101$1,288$761$436$245$68
43 years$2,029$1,228$714$403$222$59
44 years$1,960$1,170$670$372$202$52
45 years$1,895$1,116$629$343$183$45
46 years$1,833$1,064$591$317$166$40
47 years$1,774$1,016$555$293$151$35
48 years$1,717$970$522$271$137$30
49 years$1,663$926$490$250$124$26
50 years$1,611$885$461$231$113$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,650,000, adding $2,839 every year, while hoping to spend $31,695 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: 39/38/23 Blend
58$1,650,000$1,650,000$1,650,000$1,650,000
59$1,821,228$1,733,778$1,708,203$1,879,701
60$1,973,270$1,785,010$1,731,705$1,973,477
61$2,139,759$1,837,690$1,754,932$2,071,621
62$2,322,133$1,891,856$1,777,841$2,177,111
63$2,521,979$1,947,545$1,800,387$2,290,634
64$2,741,043$2,004,798$1,822,522$2,412,944
65$2,981,250$2,063,653$1,844,197$2,544,873
66$3,244,717$2,124,151$1,865,357$2,687,333
67$3,533,778$2,186,335$1,885,946$2,841,332
68$3,851,003$2,250,245$1,905,906$3,007,977
69$4,199,224$2,315,926$1,925,172$3,188,487
70$4,581,560$2,383,421$1,943,680$3,384,204
71$5,001,445$2,452,774$1,961,359$3,596,606
72$5,462,664$2,524,032$1,978,137$3,827,321
73$5,969,386$2,597,240$1,993,935$4,078,139
74$6,526,204$2,672,446$2,008,672$4,351,035
75$7,138,177$2,749,696$2,022,263$4,648,182
76$7,810,881$2,829,041$2,034,618$4,971,973
77$8,550,455$2,910,528$2,045,643$5,325,046
78$9,363,666$2,994,209$2,055,236$5,710,304
79$10,257,968$3,080,133$2,063,295$6,130,947
80$11,241,574$3,168,353$2,069,709$6,590,498
81$12,323,533$3,258,920$2,074,362$7,092,841
82$13,513,814$3,351,888$2,077,134$7,642,252
83$14,823,402$3,447,309$2,077,897$8,243,444
84$16,264,400$3,545,239$2,076,517$8,901,608
85$17,850,144$3,645,730$2,072,855$9,622,464
86$19,595,327$3,748,839$2,066,764$10,412,315
87$21,516,139$3,854,621$2,058,090$11,278,104
88$23,630,420$3,963,133$2,046,671$12,227,482
89$25,957,826$4,074,430$2,032,338$13,268,880
90$28,520,017$4,188,569$2,014,913$14,411,588
91$31,340,857$4,305,607$1,994,211$15,665,839
92$34,446,645$4,425,602$1,970,038$17,042,915
93$37,866,357$4,548,611$1,942,188$18,555,242
94$41,631,924$4,674,691$1,910,450$20,216,516
95$45,778,529$4,803,900$1,874,599$22,041,829
96$50,344,943$4,936,295$1,834,402$24,047,810
97$55,373,886$5,071,933$1,789,614$26,252,786
98$60,912,435$5,210,870$1,739,979$28,676,949
99$67,012,464$5,353,164$1,685,229$31,342,555
100$73,731,136$5,498,869$1,625,084$34,274,125