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

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$150,294$148,955$147,649$146,374$145,129$143,316
2 years$74,403$73,017$71,674$70,372$69,109$67,284
3 years$49,109$47,718$46,378$45,088$43,846$42,066
4 years$36,465$35,077$33,751$32,483$31,271$29,551
5 years$28,880$27,501$26,192$24,950$23,772$22,116
6 years$23,825$22,457$21,167$19,953$18,810$17,220
7 years$20,216$18,859$17,590$16,405$15,297$13,774
8 years$17,511$16,166$14,918$13,761$12,691$11,234
9 years$15,407$14,075$12,849$11,722$10,687$9,297
10 years$13,726$12,407$11,202$10,104$9,106$7,781
11 years$12,351$11,045$9,862$8,794$7,832$6,570
12 years$11,206$9,913$8,752$7,713$6,787$5,587
13 years$10,238$8,959$7,820$6,810$5,918$4,780
14 years$9,409$8,143$7,026$6,045$5,188$4,109
15 years$8,691$7,439$6,343$5,391$4,568$3,546
16 years$8,063$6,825$5,751$4,827$4,037$3,071
17 years$7,510$6,286$5,233$4,337$3,579$2,667
18 years$7,019$5,808$4,777$3,908$3,183$2,322
19 years$6,580$5,383$4,373$3,532$2,837$2,026
20 years$6,186$5,002$4,014$3,199$2,534$1,770
21 years$5,829$4,659$3,692$2,903$2,268$1,550
22 years$5,505$4,349$3,403$2,639$2,033$1,359
23 years$5,210$4,068$3,142$2,404$1,825$1,192
24 years$4,940$3,811$2,906$2,192$1,640$1,047
25 years$4,692$3,577$2,691$2,002$1,476$921
26 years$4,464$3,362$2,496$1,831$1,329$810
27 years$4,252$3,164$2,318$1,676$1,198$714
28 years$4,056$2,981$2,155$1,535$1,081$629
29 years$3,874$2,812$2,005$1,408$976$554
30 years$3,705$2,656$1,868$1,292$882$489
31 years$3,546$2,511$1,741$1,187$798$431
32 years$3,398$2,376$1,624$1,091$722$381
33 years$3,259$2,250$1,517$1,003$653$336
34 years$3,129$2,132$1,417$923$591$297
35 years$3,006$2,022$1,325$849$535$262
36 years$2,891$1,920$1,239$782$485$232
37 years$2,781$1,823$1,160$721$440$205
38 years$2,678$1,733$1,086$664$399$181
39 years$2,581$1,648$1,018$613$362$160
40 years$2,488$1,568$954$565$328$141
41 years$2,400$1,492$895$521$297$125
42 years$2,317$1,421$839$481$270$111
43 years$2,238$1,354$787$444$245$98
44 years$2,162$1,291$739$410$222$86
45 years$2,091$1,231$694$379$202$76
46 years$2,022$1,174$652$350$183$68
47 years$1,957$1,120$612$323$166$60
48 years$1,894$1,070$575$299$151$53
49 years$1,834$1,021$541$276$137$47
50 years$1,777$976$509$255$125$41

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 $4,429 every year, while hoping to spend $44,442 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: 35/40/25 Blend
58$1,820,000$1,820,000$1,820,000$1,820,000
59$2,010,209$1,913,749$1,885,539$2,065,231
60$2,167,964$1,960,236$1,901,418$2,152,989
61$2,340,321$2,007,512$1,916,340$2,243,254
62$2,528,722$2,055,569$1,930,226$2,339,770
63$2,734,754$2,104,395$1,942,992$2,443,124
64$2,960,168$2,153,979$1,954,550$2,553,962
65$3,206,887$2,204,306$1,964,810$2,672,997
66$3,477,033$2,255,360$1,973,674$2,801,015
67$3,772,939$2,307,121$1,981,041$2,938,883
68$4,097,177$2,359,568$1,986,804$3,087,555
69$4,452,578$2,412,676$1,990,851$3,248,085
70$4,842,261$2,466,418$1,993,065$3,421,633
71$5,269,661$2,520,761$1,993,321$3,609,479
72$5,738,560$2,575,672$1,991,492$3,813,035
73$6,253,126$2,631,113$1,987,439$4,033,856
74$6,817,949$2,687,041$1,981,022$4,273,660
75$7,438,084$2,743,410$1,972,091$4,534,337
76$8,119,100$2,800,170$1,960,488$4,817,975
77$8,867,135$2,857,264$1,946,050$5,126,874
78$9,688,945$2,914,632$1,928,605$5,463,571
79$10,591,976$2,972,209$1,907,973$5,830,864
80$11,584,432$3,029,921$1,883,964$6,231,838
81$12,675,348$3,087,692$1,856,381$6,669,895
82$13,874,681$3,145,436$1,825,018$7,148,785
83$15,193,400$3,203,063$1,789,656$7,672,647
84$16,643,587$3,260,474$1,750,071$8,246,039
85$18,238,559$3,317,563$1,706,024$8,873,993
86$19,992,983$3,374,214$1,657,267$9,562,054
87$21,923,022$3,430,306$1,603,540$10,316,337
88$24,046,484$3,485,705$1,544,572$11,143,585
89$26,382,990$3,540,269$1,480,080$12,051,233
90$28,954,158$3,593,845$1,409,765$13,047,478
91$31,783,808$3,646,269$1,333,319$14,141,360
92$34,898,186$3,697,366$1,250,415$15,342,844
93$38,326,213$3,746,949$1,160,716$16,662,919
94$42,099,754$3,794,817$1,063,867$18,113,699
95$46,253,920$3,840,754$959,497$19,708,543
96$50,827,401$3,884,532$847,222$21,462,175
97$55,862,827$3,925,906$726,635$23,390,833
98$61,407,175$3,964,614$597,317$25,512,416
99$67,512,206$4,000,379$458,826$27,846,659
100$74,234,957$4,032,904$310,703$30,415,318