Can I retire at age 59 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$148,642$147,318$146,027$144,766$143,535$140,464
2 years$73,585$72,215$70,887$69,599$68,350$65,271
3 years$48,570$47,193$45,868$44,593$43,364$40,374
4 years$36,064$34,692$33,380$32,127$30,928$28,048
5 years$28,563$27,199$25,905$24,676$23,511$20,751
6 years$23,564$22,210$20,935$19,734$18,603$15,965
7 years$19,994$18,652$17,397$16,224$15,129$12,614
8 years$17,318$15,988$14,754$13,610$12,551$10,158
9 years$15,238$13,921$12,708$11,593$10,570$8,297
10 years$13,575$12,270$11,079$9,993$9,006$6,851
11 years$12,215$10,924$9,754$8,697$7,746$5,705
12 years$11,083$9,804$8,656$7,628$6,712$4,784
13 years$10,125$8,860$7,734$6,735$5,853$4,033
14 years$9,305$8,054$6,949$5,978$5,131$3,416
15 years$8,595$7,357$6,274$5,332$4,518$2,904
16 years$7,975$6,750$5,688$4,774$3,993$2,476
17 years$7,428$6,217$5,176$4,289$3,540$2,117
18 years$6,942$5,744$4,725$3,866$3,148$1,814
19 years$6,508$5,324$4,325$3,493$2,806$1,557
20 years$6,118$4,947$3,970$3,163$2,506$1,339
21 years$5,765$4,608$3,651$2,871$2,243$1,153
22 years$5,445$4,302$3,365$2,610$2,010$994
23 years$5,153$4,023$3,107$2,377$1,804$857
24 years$4,886$3,769$2,874$2,168$1,622$740
25 years$4,641$3,537$2,662$1,980$1,459$640
26 years$4,415$3,325$2,468$1,811$1,315$553
27 years$4,206$3,129$2,292$1,657$1,185$478
28 years$4,012$2,948$2,131$1,518$1,069$414
29 years$3,832$2,781$1,983$1,392$966$359
30 years$3,664$2,627$1,847$1,278$873$311
31 years$3,507$2,483$1,722$1,174$789$269
32 years$3,361$2,350$1,607$1,079$714$233
33 years$3,224$2,225$1,500$992$646$202
34 years$3,095$2,109$1,402$913$585$175
35 years$2,973$2,000$1,310$840$530$152
36 years$2,859$1,898$1,226$774$480$132
37 years$2,751$1,803$1,147$713$435$114
38 years$2,649$1,714$1,074$657$394$99
39 years$2,552$1,629$1,007$606$358$86
40 years$2,461$1,550$944$559$324$75
41 years$2,374$1,476$885$516$294$65
42 years$2,292$1,405$830$476$267$56
43 years$2,213$1,339$779$439$242$49
44 years$2,139$1,276$731$406$220$42
45 years$2,068$1,217$686$375$200$37
46 years$2,000$1,161$645$346$181$32
47 years$1,935$1,108$606$320$165$28
48 years$1,873$1,058$569$295$149$24
49 years$1,814$1,010$535$273$136$21
50 years$1,757$965$503$252$123$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,800,000, adding $6,932 every year, while hoping to spend $55,448 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: 65/19/16 Blend
58$1,800,000$1,800,000$1,800,000$1,800,000
59$1,990,750$1,895,350$1,867,450$2,111,959
60$2,134,811$1,929,226$1,871,014$2,227,847
61$2,291,707$1,962,904$1,872,838$2,347,396
62$2,462,689$1,996,314$1,872,807$2,476,680
63$2,649,135$2,029,385$1,870,797$2,616,650
64$2,852,558$2,062,036$1,866,680$2,768,354
65$3,074,627$2,094,184$1,860,322$2,932,948
66$3,317,176$2,125,737$1,851,580$3,111,705
67$3,582,227$2,156,597$1,840,307$3,306,029
68$3,872,005$2,186,660$1,826,347$3,517,467
69$4,188,958$2,215,815$1,809,539$3,747,725
70$4,535,783$2,243,942$1,789,710$3,998,682
71$4,915,451$2,270,913$1,766,683$4,272,411
72$5,331,230$2,296,591$1,740,270$4,571,196
73$5,786,723$2,320,831$1,710,277$4,897,555
74$6,285,895$2,343,478$1,676,497$5,254,265
75$6,833,114$2,364,366$1,638,717$5,644,386
76$7,433,189$2,383,318$1,596,712$6,071,291
77$8,091,420$2,400,146$1,550,248$6,538,700
78$8,813,642$2,414,651$1,499,078$7,050,712
79$9,606,283$2,426,618$1,442,947$7,611,847
80$10,476,424$2,435,822$1,381,585$8,227,087
81$11,431,863$2,442,021$1,314,712$8,901,926
82$12,481,192$2,444,959$1,242,034$9,642,416
83$13,633,877$2,444,365$1,163,245$10,455,235
84$14,900,342$2,439,949$1,078,024$11,347,739
85$16,292,075$2,431,405$986,036$12,328,040
86$17,821,730$2,418,407$886,931$13,405,080
87$19,503,247$2,400,609$780,344$14,588,715
88$21,351,986$2,377,646$665,893$15,889,812
89$23,384,867$2,349,130$543,179$17,320,348
90$25,620,534$2,314,648$411,786$18,893,526
91$28,079,526$2,273,764$271,279$20,623,901
92$30,784,476$2,226,016$121,205$22,527,517
93$33,760,317$2,170,915$0$24,622,059
94$37,034,522$2,107,942$0$26,933,671
95$40,637,361$2,036,550$0$29,499,705
96$44,602,188$1,956,157$0$32,323,223
97$48,965,751$1,866,148$0$35,430,425
98$53,768,543$1,765,875$0$38,850,185
99$59,055,181$1,654,649$0$42,614,326
100$64,874,826$1,531,744$0$46,757,916