Can I retire at age 59 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$151,120$149,774$148,460$147,178$145,927$143,450
2 years$74,812$73,418$72,068$70,759$69,489$67,002
3 years$49,379$47,980$46,633$45,336$44,087$41,666
4 years$36,665$35,270$33,937$32,662$31,443$29,107
5 years$29,039$27,652$26,336$25,088$23,902$21,659
6 years$23,956$22,580$21,284$20,063$18,913$16,764
7 years$20,327$18,963$17,687$16,495$15,381$13,327
8 years$17,607$16,255$15,000$13,837$12,760$10,801
9 years$15,492$14,153$12,919$11,786$10,746$8,880
10 years$13,801$12,475$11,263$10,160$9,156$7,382
11 years$12,419$11,106$9,916$8,842$7,875$6,191
12 years$11,267$9,968$8,800$7,756$6,824$5,228
13 years$10,294$9,008$7,862$6,847$5,951$4,440
14 years$9,460$8,188$7,064$6,078$5,216$3,789
15 years$8,739$7,480$6,378$5,421$4,593$3,245
16 years$8,108$6,863$5,783$4,853$4,059$2,789
17 years$7,551$6,320$5,262$4,361$3,599$2,403
18 years$7,058$5,840$4,804$3,930$3,200$2,076
19 years$6,616$5,413$4,398$3,551$2,852$1,797
20 years$6,220$5,030$4,036$3,216$2,548$1,557
21 years$5,861$4,685$3,712$2,919$2,280$1,352
22 years$5,536$4,373$3,421$2,654$2,044$1,175
23 years$5,239$4,090$3,159$2,417$1,835$1,023
24 years$4,967$3,832$2,922$2,204$1,649$891
25 years$4,718$3,596$2,706$2,013$1,484$776
26 years$4,488$3,380$2,510$1,841$1,337$677
27 years$4,276$3,181$2,330$1,685$1,205$591
28 years$4,079$2,997$2,166$1,544$1,087$516
29 years$3,896$2,828$2,016$1,416$982$451
30 years$3,725$2,670$1,878$1,299$887$394
31 years$3,566$2,524$1,751$1,193$802$345
32 years$3,417$2,389$1,633$1,097$726$301
33 years$3,277$2,262$1,525$1,008$657$264
34 years$3,146$2,144$1,425$928$594$231
35 years$3,023$2,034$1,332$854$538$202
36 years$2,906$1,930$1,246$787$488$177
37 years$2,797$1,833$1,167$725$442$155
38 years$2,693$1,742$1,092$668$401$136
39 years$2,595$1,657$1,023$616$364$119
40 years$2,502$1,576$959$568$330$104
41 years$2,414$1,500$899$524$299$91
42 years$2,330$1,429$844$484$271$80
43 years$2,250$1,361$792$447$246$70
44 years$2,174$1,298$743$412$224$61
45 years$2,102$1,237$698$381$203$54
46 years$2,033$1,181$655$352$184$47
47 years$1,967$1,127$616$325$167$41
48 years$1,904$1,075$579$300$152$36
49 years$1,844$1,027$544$278$138$32
50 years$1,787$981$511$257$125$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,830,000, adding $3,869 every year, while hoping to spend $27,059 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: 69/19/12 Blend
58$1,830,000$1,830,000$1,830,000$1,830,000
59$2,020,651$1,923,661$1,895,296$2,154,588
60$2,197,967$1,989,130$1,929,998$2,309,512
61$2,392,462$2,056,900$1,964,955$2,475,320
62$2,605,860$2,127,055$2,000,148$2,656,010
63$2,840,060$2,199,683$2,035,555$2,853,038
64$3,097,153$2,274,874$2,071,153$3,068,011
65$3,379,442$2,352,723$2,106,917$3,302,696
66$3,689,467$2,433,327$2,142,820$3,559,039
67$4,030,021$2,516,789$2,178,833$3,839,182
68$4,404,185$2,603,213$2,214,926$4,145,484
69$4,815,351$2,692,710$2,251,065$4,480,544
70$5,267,258$2,785,394$2,287,217$4,847,221
71$5,764,022$2,881,382$2,323,342$5,248,666
72$6,310,181$2,980,798$2,359,403$5,688,348
73$6,910,732$3,083,770$2,395,355$6,170,088
74$7,571,182$3,190,430$2,431,155$6,698,092
75$8,297,598$3,300,917$2,466,754$7,276,998
76$9,096,664$3,415,373$2,502,102$7,911,909
77$9,975,746$3,533,948$2,537,144$8,608,448
78$10,942,957$3,656,796$2,571,823$9,372,811
79$12,007,239$3,784,080$2,606,080$10,211,820
80$13,178,442$3,915,965$2,639,849$11,132,990
81$14,467,422$4,052,626$2,673,063$12,144,603
82$15,886,139$4,194,244$2,705,650$13,255,780
83$17,447,771$4,341,008$2,737,534$14,476,569
84$19,166,838$4,493,112$2,768,636$15,818,042
85$21,059,341$4,650,760$2,798,871$17,292,393
86$23,142,910$4,814,163$2,828,149$18,913,061
87$25,436,971$4,983,542$2,856,377$20,694,850
88$27,962,932$5,159,125$2,883,456$22,654,069
89$30,744,380$5,341,151$2,909,280$24,808,690
90$33,807,306$5,529,867$2,933,740$27,178,510
91$37,180,351$5,725,530$2,956,720$29,785,346
92$40,895,075$5,928,409$2,978,098$32,653,234
93$44,986,253$6,138,782$2,997,746$35,808,655
94$49,492,208$6,356,940$3,015,528$39,280,791
95$54,455,168$6,583,184$3,031,302$43,101,793
96$59,921,664$6,817,829$3,044,919$47,307,088
97$65,942,973$7,061,201$3,056,223$51,935,711
98$72,575,598$7,313,642$3,065,049$57,030,674
99$79,881,804$7,575,506$3,071,223$62,639,371
100$87,930,203$7,847,160$3,074,564$68,814,025