Can I retire at age 59 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$139,559$138,316$137,103$135,919$134,763$131,292
2 years$69,088$67,802$66,555$65,346$64,173$60,699
3 years$45,601$44,309$43,065$41,868$40,714$37,346
4 years$33,860$32,572$31,341$30,163$29,037$25,801
5 years$26,817$25,537$24,322$23,168$22,074$18,978
6 years$22,124$20,853$19,655$18,528$17,466$14,514
7 years$18,772$17,512$16,334$15,233$14,205$11,397
8 years$16,260$15,011$13,852$12,778$11,784$9,119
9 years$14,307$13,070$11,931$10,884$9,924$7,399
10 years$12,745$11,520$10,402$9,382$8,456$6,068
11 years$11,469$10,256$9,157$8,166$7,272$5,018
12 years$10,405$9,205$8,127$7,162$6,302$4,177
13 years$9,507$8,319$7,261$6,323$5,495$3,496
14 years$8,737$7,562$6,524$5,613$4,817$2,939
15 years$8,070$6,908$5,890$5,006$4,241$2,479
16 years$7,487$6,338$5,340$4,482$3,749$2,098
17 years$6,974$5,837$4,860$4,027$3,324$1,779
18 years$6,518$5,393$4,436$3,629$2,955$1,512
19 years$6,110$4,999$4,061$3,279$2,634$1,288
20 years$5,744$4,645$3,727$2,970$2,353$1,098
21 years$5,413$4,327$3,428$2,696$2,106$937
22 years$5,112$4,039$3,160$2,451$1,887$801
23 years$4,838$3,777$2,917$2,232$1,694$685
24 years$4,587$3,539$2,698$2,036$1,523$586
25 years$4,357$3,321$2,499$1,859$1,370$502
26 years$4,145$3,121$2,318$1,700$1,234$431
27 years$3,949$2,938$2,152$1,556$1,113$369
28 years$3,767$2,768$2,001$1,426$1,004$317
29 years$3,598$2,611$1,862$1,307$907$272
30 years$3,440$2,466$1,734$1,200$819$233
31 years$3,293$2,331$1,617$1,102$741$200
32 years$3,156$2,206$1,508$1,013$670$172
33 years$3,027$2,089$1,408$931$606$148
34 years$2,905$1,980$1,316$857$549$127
35 years$2,791$1,878$1,230$789$497$109
36 years$2,684$1,782$1,151$726$451$94
37 years$2,583$1,693$1,077$669$408$80
38 years$2,487$1,609$1,009$617$370$69
39 years$2,396$1,530$945$569$336$59
40 years$2,310$1,456$886$525$304$51
41 years$2,229$1,386$831$484$276$44
42 years$2,152$1,320$779$447$251$38
43 years$2,078$1,257$731$412$227$32
44 years$2,008$1,198$686$381$206$28
45 years$1,941$1,143$644$352$187$24
46 years$1,878$1,090$605$325$170$21
47 years$1,817$1,040$569$300$155$18
48 years$1,759$993$534$277$140$15
49 years$1,703$948$502$256$127$13
50 years$1,650$906$472$237$116$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,690,000, adding $6,575 every year, while hoping to spend $22,637 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: 55/31/14 Blend
58$1,690,000$1,690,000$1,690,000$1,690,000
59$1,869,162$1,779,592$1,753,397$1,964,788
60$2,035,731$1,842,707$1,788,050$2,093,629
61$2,218,531$1,908,155$1,823,106$2,230,838
62$2,419,195$1,976,028$1,858,553$2,379,719
63$2,639,518$2,046,419$1,894,380$2,541,393
64$2,881,482$2,119,427$1,930,575$2,717,089
65$3,147,268$2,195,153$1,967,124$2,908,161
66$3,439,278$2,273,704$2,004,011$3,116,096
67$3,760,158$2,355,189$2,041,220$3,342,534
68$4,112,826$2,439,726$2,078,732$3,589,276
69$4,500,494$2,527,432$2,116,529$3,858,305
70$4,926,701$2,618,432$2,154,589$4,151,804
71$5,395,346$2,712,857$2,192,890$4,472,177
72$5,910,726$2,810,842$2,231,407$4,822,066
73$6,477,575$2,912,527$2,270,113$5,204,384
74$7,101,106$3,018,060$2,308,980$5,622,334
75$7,787,066$3,127,592$2,347,978$6,079,445
76$8,541,786$3,241,283$2,387,075$6,579,601
77$9,372,241$3,359,299$2,426,235$7,127,078
78$10,286,117$3,481,812$2,465,421$7,726,586
79$11,291,883$3,609,003$2,504,595$8,383,310
80$12,398,869$3,741,058$2,543,712$9,102,962
81$13,617,357$3,878,173$2,582,730$9,891,828
82$14,958,675$4,020,552$2,621,600$10,756,836
83$16,435,307$4,168,406$2,660,270$11,705,612
84$18,061,007$4,321,956$2,698,688$12,746,559
85$19,850,931$4,481,434$2,736,796$13,888,927
86$21,821,781$4,647,078$2,774,533$15,142,910
87$23,991,957$4,819,140$2,811,834$16,519,734
88$26,381,739$4,997,880$2,848,633$18,031,762
89$29,013,470$5,183,570$2,884,856$19,692,618
90$31,911,773$5,376,494$2,920,428$21,517,305
91$35,103,780$5,576,948$2,955,268$23,522,352
92$38,619,386$5,785,239$2,989,290$25,725,969
93$42,491,538$6,001,690$3,022,406$28,148,215
94$46,756,537$6,226,636$3,054,519$30,811,188
95$51,454,389$6,460,426$3,085,531$33,739,235
96$56,629,176$6,703,426$3,115,335$36,959,177
97$62,329,473$6,956,015$3,143,820$40,500,565
98$68,608,811$7,218,591$3,170,869$44,395,954
99$75,526,175$7,491,568$3,196,359$48,681,213
100$83,146,568$7,775,377$3,220,160$53,395,862