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%18.1%
1 years$151,120$149,774$148,460$147,178$145,927$141,143
2 years$74,812$73,418$72,068$70,759$69,489$64,715
3 years$49,379$47,980$46,633$45,336$44,087$39,472
4 years$36,665$35,270$33,937$32,662$31,443$27,023
5 years$29,039$27,652$26,336$25,088$23,902$19,690
6 years$23,956$22,580$21,284$20,063$18,913$14,911
7 years$20,327$18,963$17,687$16,495$15,381$11,589
8 years$17,607$16,255$15,000$13,837$12,760$9,175
9 years$15,492$14,153$12,919$11,786$10,746$7,363
10 years$13,801$12,475$11,263$10,160$9,156$5,971
11 years$12,419$11,106$9,916$8,842$7,875$4,881
12 years$11,267$9,968$8,800$7,756$6,824$4,015
13 years$10,294$9,008$7,862$6,847$5,951$3,320
14 years$9,460$8,188$7,064$6,078$5,216$2,756
15 years$8,739$7,480$6,378$5,421$4,593$2,296
16 years$8,108$6,863$5,783$4,853$4,059$1,918
17 years$7,551$6,320$5,262$4,361$3,599$1,605
18 years$7,058$5,840$4,804$3,930$3,200$1,346
19 years$6,616$5,413$4,398$3,551$2,852$1,131
20 years$6,220$5,030$4,036$3,216$2,548$951
21 years$5,861$4,685$3,712$2,919$2,280$801
22 years$5,536$4,373$3,421$2,654$2,044$675
23 years$5,239$4,090$3,159$2,417$1,835$569
24 years$4,967$3,832$2,922$2,204$1,649$480
25 years$4,718$3,596$2,706$2,013$1,484$405
26 years$4,488$3,380$2,510$1,841$1,337$342
27 years$4,276$3,181$2,330$1,685$1,205$289
28 years$4,079$2,997$2,166$1,544$1,087$245
29 years$3,896$2,828$2,016$1,416$982$207
30 years$3,725$2,670$1,878$1,299$887$175
31 years$3,566$2,524$1,751$1,193$802$148
32 years$3,417$2,389$1,633$1,097$726$125
33 years$3,277$2,262$1,525$1,008$657$106
34 years$3,146$2,144$1,425$928$594$90
35 years$3,023$2,034$1,332$854$538$76
36 years$2,906$1,930$1,246$787$488$64
37 years$2,797$1,833$1,167$725$442$54
38 years$2,693$1,742$1,092$668$401$46
39 years$2,595$1,657$1,023$616$364$39
40 years$2,502$1,576$959$568$330$33
41 years$2,414$1,500$899$524$299$28
42 years$2,330$1,429$844$484$271$24
43 years$2,250$1,361$792$447$246$20
44 years$2,174$1,298$743$412$224$17
45 years$2,102$1,237$698$381$203$14
46 years$2,033$1,181$655$352$184$12
47 years$1,967$1,127$616$325$167$10
48 years$1,904$1,075$579$300$152$9
49 years$1,844$1,027$544$278$138$7
50 years$1,787$981$511$257$125$6

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 $6,899 every year, while hoping to spend $56,358 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: 49/25/26 Blend
58$1,830,000$1,830,000$1,830,000$1,830,000
59$2,023,776$1,926,786$1,898,421$2,107,718
60$2,170,237$1,961,234$1,902,054$2,201,573
61$2,329,748$1,995,482$1,903,919$2,297,322
62$2,503,580$2,029,458$1,903,899$2,400,232
63$2,693,134$2,063,090$1,901,868$2,511,004
64$2,899,949$2,096,297$1,897,696$2,630,414
65$3,125,721$2,128,993$1,891,246$2,759,319
66$3,372,316$2,161,085$1,882,374$2,898,664
67$3,641,788$2,192,474$1,870,930$3,049,492
68$3,936,400$2,223,055$1,856,755$3,212,954
69$4,258,641$2,252,713$1,839,685$3,390,320
70$4,611,254$2,281,327$1,819,546$3,582,994
71$4,997,258$2,308,768$1,796,156$3,792,522
72$5,419,977$2,334,897$1,769,327$4,020,613
73$5,883,073$2,359,565$1,738,857$4,269,152
74$6,390,578$2,382,615$1,704,541$4,540,219
75$6,946,933$2,403,879$1,666,158$4,836,109
76$7,557,028$2,423,177$1,623,482$5,159,355
77$8,226,250$2,440,317$1,576,274$5,512,751
78$8,960,532$2,455,098$1,524,285$5,899,382
79$9,766,411$2,467,302$1,467,252$6,322,650
80$10,651,084$2,476,699$1,404,904$6,786,308
81$11,622,481$2,483,044$1,336,955$7,294,498
82$12,689,338$2,486,077$1,263,107$7,851,788
83$13,861,277$2,485,521$1,183,048$8,463,218
84$15,148,899$2,481,084$1,096,452$9,134,349
85$16,563,883$2,472,453$1,002,979$9,871,313
86$18,119,093$2,459,297$902,273$10,680,876
87$19,828,705$2,441,267$793,963$11,570,500
88$21,708,332$2,417,989$677,661$12,548,414
89$23,775,181$2,389,069$552,961$13,623,698
90$26,048,205$2,354,089$419,441$14,806,363
91$28,548,288$2,312,605$276,658$16,107,451
92$31,298,439$2,264,148$124,152$17,539,141
93$34,324,009$2,208,221$0$19,114,861
94$37,652,932$2,144,298$0$20,860,131
95$41,315,982$2,071,820$0$22,818,025
96$45,347,071$1,990,197$0$24,972,221
97$49,783,562$1,898,807$0$27,342,729
98$54,666,624$1,796,987$0$29,951,606
99$60,041,621$1,684,041$0$32,823,162
100$65,958,535$1,559,228$0$35,984,194