Can I retire at age 59 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$150,294$148,955$147,649$146,374$145,129$144,396
2 years$74,403$73,017$71,674$70,372$69,109$68,369
3 years$49,109$47,718$46,378$45,088$43,846$43,122
4 years$36,465$35,077$33,751$32,483$31,271$30,569
5 years$28,880$27,501$26,192$24,950$23,772$23,094
6 years$23,825$22,457$21,167$19,953$18,810$18,156
7 years$20,216$18,859$17,590$16,405$15,297$14,669
8 years$17,511$16,166$14,918$13,761$12,691$12,087
9 years$15,407$14,075$12,849$11,722$10,687$10,109
10 years$13,726$12,407$11,202$10,104$9,106$8,552
11 years$12,351$11,045$9,862$8,794$7,832$7,302
12 years$11,206$9,913$8,752$7,713$6,787$6,281
13 years$10,238$8,959$7,820$6,810$5,918$5,436
14 years$9,409$8,143$7,026$6,045$5,188$4,728
15 years$8,691$7,439$6,343$5,391$4,568$4,130
16 years$8,063$6,825$5,751$4,827$4,037$3,621
17 years$7,510$6,286$5,233$4,337$3,579$3,185
18 years$7,019$5,808$4,777$3,908$3,183$2,808
19 years$6,580$5,383$4,373$3,532$2,837$2,482
20 years$6,186$5,002$4,014$3,199$2,534$2,198
21 years$5,829$4,659$3,692$2,903$2,268$1,950
22 years$5,505$4,349$3,403$2,639$2,033$1,732
23 years$5,210$4,068$3,142$2,404$1,825$1,541
24 years$4,940$3,811$2,906$2,192$1,640$1,373
25 years$4,692$3,577$2,691$2,002$1,476$1,224
26 years$4,464$3,362$2,496$1,831$1,329$1,093
27 years$4,252$3,164$2,318$1,676$1,198$976
28 years$4,056$2,981$2,155$1,535$1,081$872
29 years$3,874$2,812$2,005$1,408$976$780
30 years$3,705$2,656$1,868$1,292$882$698
31 years$3,546$2,511$1,741$1,187$798$625
32 years$3,398$2,376$1,624$1,091$722$560
33 years$3,259$2,250$1,517$1,003$653$502
34 years$3,129$2,132$1,417$923$591$450
35 years$3,006$2,022$1,325$849$535$403
36 years$2,891$1,920$1,239$782$485$362
37 years$2,781$1,823$1,160$721$440$325
38 years$2,678$1,733$1,086$664$399$291
39 years$2,581$1,648$1,018$613$362$262
40 years$2,488$1,568$954$565$328$235
41 years$2,400$1,492$895$521$297$211
42 years$2,317$1,421$839$481$270$189
43 years$2,238$1,354$787$444$245$170
44 years$2,162$1,291$739$410$222$153
45 years$2,091$1,231$694$379$202$137
46 years$2,022$1,174$652$350$183$123
47 years$1,957$1,120$612$323$166$111
48 years$1,894$1,070$575$299$151$100
49 years$1,834$1,021$541$276$137$90
50 years$1,777$976$509$255$125$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,820,000, adding $2,006 every year, while hoping to spend $50,166 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: 25/45/30 Blend
58$1,820,000$1,820,000$1,820,000$1,820,000
59$2,007,709$1,911,249$1,883,039$2,039,046
60$2,159,119$1,951,524$1,892,745$2,105,974
61$2,324,292$1,992,091$1,901,094$2,173,315
62$2,504,578$2,032,912$1,907,989$2,244,490
63$2,701,464$2,073,944$1,913,326$2,319,859
64$2,916,587$2,115,141$1,916,996$2,399,817
65$3,151,749$2,156,453$1,918,886$2,484,801
66$3,408,935$2,197,826$1,918,875$2,575,296
67$3,690,328$2,239,202$1,916,840$2,671,837
68$3,998,334$2,280,515$1,912,647$2,775,015
69$4,335,602$2,321,699$1,906,158$2,885,485
70$4,705,049$2,362,677$1,897,230$3,003,971
71$5,109,887$2,403,371$1,885,709$3,131,274
72$5,553,653$2,443,694$1,871,438$3,268,277
73$6,040,243$2,483,553$1,854,250$3,415,959
74$6,573,950$2,522,849$1,833,969$3,575,402
75$7,159,499$2,561,475$1,810,413$3,747,800
76$7,802,097$2,599,316$1,783,391$3,934,475
77$8,507,479$2,636,250$1,752,702$4,136,886
78$9,281,960$2,672,145$1,718,137$4,356,647
79$10,132,501$2,706,861$1,679,475$4,595,541
80$11,066,765$2,740,246$1,636,487$4,855,537
81$12,093,198$2,772,141$1,588,932$5,138,811
82$13,221,103$2,802,375$1,536,559$5,447,768
83$14,460,727$2,830,763$1,479,106$5,785,063
84$15,823,362$2,857,111$1,416,297$6,153,630
85$17,321,446$2,881,210$1,347,844$6,556,709
86$18,968,684$2,902,840$1,273,447$6,997,876
87$20,780,175$2,921,764$1,192,792$7,481,085
88$22,772,553$2,937,731$1,105,551$8,010,697
89$24,964,146$2,950,473$1,011,380$8,591,529
90$27,375,150$2,959,706$909,922$9,228,900
91$30,027,812$2,965,129$800,801$9,928,681
92$32,946,649$2,966,420$683,628$10,697,354
93$36,158,670$2,963,238$557,993$11,542,072
94$39,693,640$2,955,222$423,471$12,470,733
95$43,584,349$2,941,986$279,616$13,492,051
96$47,866,933$2,923,124$125,963$14,615,646
97$52,581,206$2,898,202$0$15,852,131
98$57,771,037$2,866,762$0$17,225,388
99$63,484,767$2,828,318$0$18,779,994
100$69,775,662$2,782,354$0$20,490,015