Can I retire at age 59 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$146,991$145,681$144,404$143,157$141,940$140,166
2 years$72,768$71,412$70,099$68,826$67,590$65,806
3 years$48,030$46,669$45,359$44,097$42,882$41,142
4 years$35,663$34,307$33,010$31,770$30,584$28,901
5 years$28,246$26,897$25,617$24,402$23,249$21,630
6 years$23,302$21,963$20,702$19,515$18,396$16,841
7 years$19,772$18,445$17,204$16,044$14,961$13,471
8 years$17,126$15,810$14,590$13,459$12,412$10,987
9 years$15,069$13,766$12,566$11,464$10,453$9,092
10 years$13,424$12,134$10,956$9,882$8,906$7,610
11 years$12,079$10,802$9,645$8,600$7,660$6,425
12 years$10,960$9,695$8,560$7,544$6,638$5,465
13 years$10,013$8,762$7,648$6,660$5,788$4,675
14 years$9,202$7,964$6,871$5,912$5,074$4,018
15 years$8,500$7,275$6,204$5,272$4,467$3,468
16 years$7,886$6,675$5,625$4,721$3,948$3,003
17 years$7,345$6,148$5,118$4,242$3,501$2,608
18 years$6,865$5,681$4,672$3,823$3,113$2,271
19 years$6,436$5,265$4,277$3,454$2,774$1,981
20 years$6,050$4,892$3,926$3,128$2,478$1,732
21 years$5,701$4,557$3,611$2,839$2,218$1,516
22 years$5,384$4,254$3,328$2,581$1,988$1,329
23 years$5,096$3,978$3,073$2,351$1,784$1,166
24 years$4,832$3,728$2,842$2,144$1,604$1,024
25 years$4,589$3,498$2,632$1,958$1,443$901
26 years$4,366$3,288$2,441$1,790$1,300$793
27 years$4,159$3,094$2,267$1,639$1,172$698
28 years$3,967$2,916$2,107$1,502$1,058$615
29 years$3,789$2,750$1,961$1,377$955$542
30 years$3,623$2,598$1,827$1,264$863$478
31 years$3,468$2,456$1,703$1,161$780$422
32 years$3,324$2,323$1,589$1,067$706$372
33 years$3,188$2,200$1,483$981$639$329
34 years$3,060$2,085$1,386$902$578$290
35 years$2,940$1,978$1,296$831$524$256
36 years$2,827$1,877$1,212$765$475$227
37 years$2,720$1,783$1,135$705$430$200
38 years$2,619$1,695$1,063$650$390$177
39 years$2,524$1,611$995$599$354$156
40 years$2,434$1,533$933$553$321$138
41 years$2,348$1,459$875$510$291$122
42 years$2,266$1,390$821$471$264$108
43 years$2,189$1,324$770$434$240$96
44 years$2,115$1,262$723$401$217$85
45 years$2,045$1,204$679$370$197$75
46 years$1,978$1,148$638$342$179$66
47 years$1,914$1,096$599$316$163$59
48 years$1,852$1,046$563$292$148$52
49 years$1,794$999$529$270$134$46
50 years$1,738$954$497$250$122$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,780,000, adding $5,219 every year, while hoping to spend $43,227 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: 57/15/28 Blend
58$1,780,000$1,780,000$1,780,000$1,780,000
59$1,966,943$1,872,603$1,845,013$2,063,677
60$2,121,578$1,918,368$1,860,828$2,176,433
61$2,290,537$1,964,926$1,875,724$2,294,308
62$2,475,236$2,012,271$1,889,624$2,421,909
63$2,677,232$2,060,394$1,902,449$2,560,189
64$2,898,242$2,109,286$1,914,113$2,710,202
65$3,140,154$2,158,932$1,924,528$2,873,105
66$3,405,050$2,209,320$1,933,599$3,050,178
67$3,695,220$2,260,432$1,941,230$3,242,826
68$4,013,188$2,312,248$1,947,316$3,452,603
69$4,361,731$2,364,746$1,951,749$3,681,220
70$4,743,910$2,417,902$1,954,416$3,930,561
71$5,163,097$2,471,686$1,955,196$4,202,706
72$5,623,002$2,526,068$1,953,965$4,499,944
73$6,127,716$2,581,013$1,950,590$4,824,801
74$6,681,742$2,636,482$1,944,934$5,180,061
75$7,290,042$2,692,433$1,936,852$5,568,791
76$7,958,083$2,748,818$1,926,192$5,994,374
77$8,691,883$2,805,586$1,912,796$6,460,537
78$9,498,077$2,862,681$1,896,496$6,971,391
79$10,383,970$2,920,042$1,877,118$7,531,464
80$11,357,613$2,977,602$1,854,480$8,145,749
81$12,427,874$3,035,288$1,828,389$8,819,751
82$13,604,522$3,093,023$1,798,645$9,559,536
83$14,898,322$3,150,720$1,765,038$10,371,792
84$16,321,133$3,208,287$1,727,349$11,263,890
85$17,886,021$3,265,626$1,685,348$12,243,955
86$19,607,382$3,322,628$1,638,794$13,320,943
87$21,501,076$3,379,178$1,587,435$14,504,727
88$23,584,581$3,435,153$1,531,009$15,806,189
89$25,877,150$3,490,417$1,469,240$17,237,323
90$28,400,000$3,544,828$1,401,840$18,811,350
91$31,176,507$3,598,232$1,328,509$20,542,843
92$34,232,429$3,650,463$1,248,932$22,447,864
93$37,596,146$3,701,346$1,162,780$24,544,118
94$41,298,930$3,750,689$1,069,711$26,851,119
95$45,375,240$3,798,292$969,365$29,390,375
96$49,863,044$3,843,937$861,368$32,185,596
97$54,804,179$3,887,395$745,328$35,262,910
98$60,244,745$3,928,417$620,837$38,651,119
99$66,235,542$3,966,742$487,467$42,381,966
100$72,832,543$4,002,088$344,774$46,490,439