Can I retire at age 59 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$146,165$144,863$143,593$142,353$141,142$138,976
2 years$72,359$71,011$69,705$68,439$67,211$65,033
3 years$47,760$46,407$45,104$43,849$42,641$40,520
4 years$35,463$34,114$32,824$31,591$30,412$28,364
5 years$28,087$26,746$25,473$24,265$23,119$21,150
6 years$23,171$21,840$20,586$19,405$18,293$16,406
7 years$19,661$18,341$17,107$15,954$14,877$13,072
8 years$17,030$15,722$14,508$13,383$12,342$10,618
9 years$14,984$13,689$12,496$11,400$10,394$8,751
10 years$13,349$12,066$10,894$9,827$8,856$7,293
11 years$12,012$10,741$9,591$8,552$7,616$6,131
12 years$10,898$9,641$8,512$7,501$6,600$5,191
13 years$9,957$8,713$7,605$6,623$5,756$4,420
14 years$9,150$7,920$6,833$5,879$5,045$3,782
15 years$8,452$7,235$6,169$5,243$4,442$3,248
16 years$7,842$6,638$5,593$4,694$3,926$2,799
17 years$7,304$6,113$5,090$4,218$3,481$2,419
18 years$6,826$5,649$4,646$3,801$3,095$2,096
19 years$6,399$5,235$4,253$3,435$2,759$1,819
20 years$6,016$4,865$3,904$3,111$2,464$1,582
21 years$5,669$4,531$3,590$2,823$2,205$1,377
22 years$5,354$4,230$3,309$2,567$1,977$1,201
23 years$5,067$3,956$3,055$2,338$1,774$1,048
24 years$4,805$3,707$2,826$2,132$1,595$916
25 years$4,563$3,478$2,617$1,947$1,435$801
26 years$4,341$3,269$2,427$1,780$1,293$701
27 years$4,135$3,077$2,254$1,630$1,166$614
28 years$3,945$2,899$2,095$1,493$1,052$538
29 years$3,768$2,735$1,950$1,369$950$471
30 years$3,603$2,583$1,816$1,257$858$413
31 years$3,449$2,442$1,693$1,154$776$362
32 years$3,305$2,310$1,580$1,061$702$318
33 years$3,170$2,188$1,475$975$635$279
34 years$3,043$2,074$1,378$897$575$245
35 years$2,924$1,967$1,289$826$521$215
36 years$2,811$1,867$1,205$761$472$189
37 years$2,705$1,773$1,128$701$428$166
38 years$2,605$1,685$1,057$646$388$146
39 years$2,510$1,602$990$596$352$128
40 years$2,420$1,524$928$550$319$113
41 years$2,335$1,451$870$507$289$99
42 years$2,253$1,382$816$468$263$87
43 years$2,176$1,317$766$432$238$77
44 years$2,103$1,255$719$399$216$67
45 years$2,033$1,197$675$368$196$59
46 years$1,966$1,142$634$340$178$52
47 years$1,903$1,090$596$314$162$46
48 years$1,842$1,040$560$290$147$40
49 years$1,784$993$526$268$134$35
50 years$1,728$949$495$248$121$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,770,000, adding $2,312 every year, while hoping to spend $30,120 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: 82/8/10 Blend
58$1,770,000$1,770,000$1,770,000$1,770,000
59$1,952,925$1,859,115$1,831,680$2,109,845
60$2,120,076$1,918,164$1,860,994$2,272,005
61$2,303,266$1,979,097$1,890,280$2,445,775
62$2,504,101$2,041,975$1,919,506$2,635,650
63$2,724,347$2,106,859$1,948,637$2,843,226
64$2,965,951$2,173,815$1,977,636$3,070,265
65$3,231,055$2,242,909$2,006,464$3,318,705
66$3,522,020$2,314,209$2,035,079$3,590,681
67$3,841,448$2,387,788$2,063,436$3,888,545
68$4,192,204$2,463,717$2,091,489$4,214,888
69$4,577,443$2,542,073$2,119,188$4,572,561
70$5,000,642$2,622,935$2,146,480$4,964,708
71$5,465,630$2,706,381$2,173,310$5,394,791
72$5,976,627$2,792,497$2,199,619$5,866,624
73$6,538,282$2,881,368$2,225,345$6,384,407
74$7,155,714$2,973,083$2,250,422$6,952,769
75$7,834,566$3,067,733$2,274,780$7,576,809
76$8,581,054$3,165,414$2,298,347$8,262,144
77$9,402,025$3,266,223$2,321,045$9,014,963
78$10,305,025$3,370,261$2,342,794$9,842,084
79$11,298,367$3,477,633$2,363,506$10,751,019
80$12,391,209$3,588,446$2,383,093$11,750,045
81$13,593,645$3,702,812$2,401,459$12,848,280
82$14,916,793$3,820,846$2,418,504$14,055,772
83$16,372,904$3,942,666$2,434,123$15,383,592
84$17,975,479$4,068,396$2,448,204$16,843,937
85$19,739,392$4,198,161$2,460,633$18,450,246
86$21,681,031$4,332,092$2,471,286$20,217,329
87$23,818,457$4,470,325$2,480,034$22,161,503
88$26,171,568$4,613,000$2,486,744$24,300,747
89$28,762,291$4,760,259$2,491,273$26,654,872
90$31,614,786$4,912,253$2,493,471$29,245,709
91$34,755,675$5,069,135$2,493,184$32,097,311
92$38,214,296$5,231,064$2,490,247$35,236,184
93$42,022,971$5,398,204$2,484,488$38,691,535
94$46,217,323$5,570,724$2,475,727$42,495,546
95$50,836,601$5,748,801$2,463,775$46,683,683
96$55,924,056$5,932,614$2,448,433$51,295,023
97$61,527,348$6,122,351$2,429,495$56,372,627
98$67,698,996$6,318,204$2,406,741$61,963,949
99$74,496,872$6,520,374$2,379,945$68,121,276
100$81,984,747$6,729,067$2,348,867$74,902,229