Can I retire at age 59 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$149,468$148,137$146,838$145,570$144,332$139,768
2 years$73,994$72,616$71,280$69,986$68,729$64,173
3 years$48,839$47,455$46,123$44,840$43,605$39,198
4 years$36,265$34,885$33,566$32,305$31,099$26,876
5 years$28,722$27,350$26,048$24,813$23,641$19,614
6 years$23,695$22,333$21,051$19,843$18,706$14,878
7 years$20,105$18,756$17,494$16,314$15,213$11,583
8 years$17,414$16,077$14,836$13,686$12,621$9,186
9 years$15,323$13,998$12,778$11,657$10,629$7,386
10 years$13,650$12,338$11,140$10,049$9,056$6,001
11 years$12,283$10,984$9,808$8,745$7,789$4,915
12 years$11,144$9,859$8,704$7,671$6,749$4,051
13 years$10,182$8,909$7,777$6,772$5,886$3,357
14 years$9,357$8,098$6,987$6,012$5,159$2,793
15 years$8,643$7,398$6,309$5,361$4,543$2,331
16 years$8,019$6,788$5,720$4,800$4,015$1,951
17 years$7,469$6,251$5,205$4,313$3,560$1,637
18 years$6,980$5,776$4,751$3,887$3,165$1,376
19 years$6,544$5,353$4,349$3,512$2,821$1,158
20 years$6,152$4,975$3,992$3,181$2,520$976
21 years$5,797$4,634$3,672$2,887$2,255$824
22 years$5,475$4,325$3,384$2,625$2,021$696
23 years$5,182$4,045$3,124$2,391$1,815$588
24 years$4,913$3,790$2,890$2,180$1,631$498
25 years$4,666$3,557$2,676$1,991$1,468$421
26 years$4,439$3,343$2,482$1,821$1,322$357
27 years$4,229$3,146$2,305$1,666$1,192$302
28 years$4,034$2,965$2,143$1,527$1,075$256
29 years$3,853$2,797$1,994$1,400$971$217
30 years$3,684$2,641$1,857$1,285$877$184
31 years$3,527$2,497$1,732$1,180$793$156
32 years$3,380$2,363$1,616$1,085$718$132
33 years$3,241$2,237$1,508$997$649$112
34 years$3,112$2,121$1,409$918$588$95
35 years$2,990$2,011$1,318$845$533$81
36 years$2,875$1,909$1,233$778$483$69
37 years$2,766$1,813$1,154$717$437$58
38 years$2,664$1,723$1,080$661$396$49
39 years$2,567$1,639$1,012$609$360$42
40 years$2,475$1,559$949$562$326$36
41 years$2,387$1,484$890$518$296$30
42 years$2,304$1,413$835$478$268$26
43 years$2,226$1,347$783$442$244$22
44 years$2,151$1,284$735$408$221$18
45 years$2,079$1,224$690$377$201$16
46 years$2,011$1,168$648$348$182$13
47 years$1,946$1,114$609$321$166$11
48 years$1,884$1,064$572$297$150$10
49 years$1,824$1,016$538$274$137$8
50 years$1,767$970$506$254$124$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,810,000, adding $4,726 every year, while hoping to spend $26,806 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: 45/25/30 Blend
58$1,810,000$1,810,000$1,810,000$1,810,000
59$1,999,495$1,903,565$1,875,510$2,071,929
60$2,174,922$1,968,318$1,909,818$2,188,819
61$2,367,344$2,035,346$1,944,377$2,312,596
62$2,578,467$2,104,731$1,979,167$2,446,338
63$2,810,168$2,176,561$2,014,167$2,590,993
64$3,064,517$2,250,924$2,049,353$2,747,603
65$3,343,792$2,327,914$2,084,701$2,917,315
66$3,650,504$2,407,627$2,120,184$3,101,391
67$3,987,418$2,490,163$2,155,773$3,301,220
68$4,357,582$2,575,628$2,191,438$3,518,332
69$4,764,351$2,664,130$2,227,147$3,754,408
70$5,211,422$2,755,780$2,262,864$4,011,301
71$5,702,870$2,850,696$2,298,553$4,291,050
72$6,243,182$2,948,999$2,334,173$4,595,901
73$6,837,302$3,050,815$2,369,683$4,928,326
74$7,490,678$3,156,276$2,405,039$5,291,045
75$8,209,311$3,265,517$2,440,192$5,687,058
76$8,999,814$3,378,681$2,475,091$6,119,664
77$9,869,472$3,495,914$2,509,685$6,592,498
78$10,826,314$3,617,370$2,543,915$7,109,565
79$11,879,184$3,743,206$2,577,721$7,675,272
80$13,037,826$3,873,589$2,611,041$8,294,477
81$14,312,980$4,008,690$2,643,806$8,972,529
82$15,716,476$4,148,688$2,675,946$9,715,319
83$17,261,351$4,293,769$2,707,385$10,529,339
84$18,961,970$4,444,125$2,738,043$11,421,738
85$20,834,161$4,599,957$2,767,838$12,400,391
86$22,895,365$4,761,474$2,796,679$13,473,975
87$25,164,799$4,928,893$2,824,475$14,652,048
88$27,663,640$5,102,440$2,851,126$15,945,141
89$30,415,221$5,282,350$2,876,529$17,364,854
90$33,445,256$5,468,867$2,900,575$18,923,968
91$36,782,076$5,662,245$2,923,148$20,636,565
92$40,456,902$5,862,749$2,944,127$22,518,158
93$44,504,136$6,070,654$2,963,386$24,585,841
94$48,961,688$6,286,246$2,980,789$26,858,446
95$53,871,331$6,509,823$2,996,197$29,356,724
96$59,279,098$6,741,696$3,009,460$32,103,538
97$65,235,713$6,982,186$3,020,424$35,124,079
98$71,797,072$7,231,630$3,028,925$38,446,102
99$79,024,771$7,490,377$3,034,792$42,100,192
100$86,986,683$7,758,791$3,037,843$46,120,048