Can I retire at age 59 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$142,862$141,589$140,348$139,136$137,953$133,111
2 years$70,724$69,406$68,130$66,892$65,692$60,865
3 years$46,681$45,358$44,085$42,859$41,678$37,017
4 years$34,662$33,343$32,082$30,877$29,725$25,266
5 years$27,452$26,141$24,897$23,717$22,596$18,351
6 years$22,647$21,346$20,121$18,966$17,880$13,851
7 years$19,217$17,927$16,720$15,593$14,541$10,729
8 years$16,645$15,366$14,180$13,081$12,063$8,464
9 years$14,646$13,379$12,213$11,142$10,159$6,768
10 years$13,047$11,793$10,648$9,604$8,656$5,467
11 years$11,740$10,499$9,374$8,359$7,444$4,452
12 years$10,652$9,423$8,319$7,332$6,451$3,648
13 years$9,732$8,516$7,433$6,473$5,626$3,004
14 years$8,943$7,741$6,678$5,746$4,931$2,483
15 years$8,261$7,071$6,030$5,124$4,342$2,060
16 years$7,665$6,488$5,467$4,588$3,837$1,713
17 years$7,139$5,975$4,975$4,123$3,402$1,428
18 years$6,672$5,521$4,541$3,715$3,025$1,192
19 years$6,255$5,117$4,157$3,357$2,697$997
20 years$5,880$4,755$3,815$3,040$2,409$834
21 years$5,541$4,429$3,509$2,759$2,155$699
22 years$5,233$4,134$3,234$2,509$1,932$586
23 years$4,953$3,867$2,986$2,285$1,734$492
24 years$4,696$3,623$2,762$2,084$1,559$413
25 years$4,460$3,400$2,558$1,903$1,403$347
26 years$4,243$3,195$2,372$1,740$1,264$292
27 years$4,042$3,007$2,203$1,593$1,139$246
28 years$3,856$2,834$2,048$1,459$1,028$207
29 years$3,683$2,673$1,906$1,338$928$174
30 years$3,522$2,525$1,775$1,228$839$146
31 years$3,371$2,387$1,655$1,128$758$123
32 years$3,230$2,258$1,544$1,037$686$104
33 years$3,098$2,139$1,442$953$621$87
34 years$2,974$2,027$1,347$877$562$73
35 years$2,858$1,922$1,259$807$509$62
36 years$2,748$1,825$1,178$744$461$52
37 years$2,644$1,733$1,103$685$418$44
38 years$2,546$1,647$1,033$632$379$37
39 years$2,453$1,566$968$582$344$31
40 years$2,365$1,490$907$537$312$26
41 years$2,282$1,418$850$496$283$22
42 years$2,203$1,351$798$457$257$19
43 years$2,127$1,287$748$422$233$16
44 years$2,055$1,227$703$390$211$13
45 years$1,987$1,170$660$360$192$11
46 years$1,922$1,116$620$333$174$9
47 years$1,860$1,065$582$307$158$8
48 years$1,800$1,017$547$284$144$7
49 years$1,743$971$514$262$130$6
50 years$1,689$927$483$242$119$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,730,000, adding $6,662 every year, while hoping to spend $48,897 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: 66/9/25 Blend
58$1,730,000$1,730,000$1,730,000$1,730,000
59$1,913,332$1,821,642$1,794,827$2,026,774
60$2,056,466$1,858,876$1,802,928$2,141,204
61$2,212,560$1,896,296$1,809,661$2,260,139
62$2,382,886$1,933,860$1,814,929$2,389,063
63$2,568,842$1,971,520$1,818,630$2,528,964
64$2,771,966$2,009,227$1,820,657$2,680,927
65$2,993,953$2,046,926$1,820,896$2,846,153
66$3,236,670$2,084,559$1,819,229$3,025,961
67$3,502,170$2,122,061$1,815,533$3,221,808
68$3,792,714$2,159,366$1,809,676$3,435,299
69$4,110,794$2,196,397$1,801,524$3,668,203
70$4,459,152$2,233,077$1,790,931$3,922,470
71$4,840,807$2,269,320$1,777,749$4,200,250
72$5,259,086$2,305,033$1,761,820$4,503,913
73$5,717,651$2,340,119$1,742,980$4,836,072
74$6,220,538$2,374,471$1,721,056$5,199,607
75$6,772,189$2,407,976$1,695,868$5,597,692
76$7,377,499$2,440,514$1,667,226$6,033,827
77$8,041,859$2,471,954$1,634,933$6,511,869
78$8,771,207$2,502,158$1,598,782$7,036,072
79$9,572,085$2,530,978$1,558,556$7,611,123
80$10,451,698$2,558,256$1,514,027$8,242,190
81$11,417,984$2,583,824$1,464,960$8,934,969
82$12,479,688$2,607,501$1,411,106$9,695,740
83$13,646,443$2,629,096$1,352,205$10,531,425
84$14,928,863$2,648,404$1,287,987$11,449,653
85$16,338,640$2,665,209$1,218,167$12,458,836
86$17,888,656$2,679,279$1,142,451$13,568,243
87$19,593,103$2,690,367$1,060,527$14,788,095
88$21,467,618$2,698,213$972,072$16,129,657
89$23,529,427$2,702,538$876,749$17,605,344
90$25,797,513$2,703,046$774,204$19,228,844
91$28,292,788$2,699,424$664,068$21,015,242
92$31,038,294$2,691,338$545,957$22,981,166
93$34,059,421$2,678,435$419,468$25,144,947
94$37,384,143$2,660,339$284,180$27,526,785
95$41,043,282$2,636,652$139,657$30,148,949
96$45,070,800$2,606,952$0$33,035,983
97$49,504,121$2,570,791$0$36,218,827
98$54,384,477$2,527,696$0$39,763,418
99$59,757,304$2,477,163$0$43,665,463
100$65,672,666$2,418,661$0$47,961,322