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%12.4%
1 years$151,120$149,774$148,460$147,178$145,927$144,463
2 years$74,812$73,418$72,068$70,759$69,489$68,015
3 years$49,379$47,980$46,633$45,336$44,087$42,647
4 years$36,665$35,270$33,937$32,662$31,443$30,050
5 years$29,039$27,652$26,336$25,088$23,902$22,560
6 years$23,956$22,580$21,284$20,063$18,913$17,623
7 years$20,327$18,963$17,687$16,495$15,381$14,144
8 years$17,607$16,255$15,000$13,837$12,760$11,575
9 years$15,492$14,153$12,919$11,786$10,746$9,613
10 years$13,801$12,475$11,263$10,160$9,156$8,074
11 years$12,419$11,106$9,916$8,842$7,875$6,843
12 years$11,267$9,968$8,800$7,756$6,824$5,842
13 years$10,294$9,008$7,862$6,847$5,951$5,017
14 years$9,460$8,188$7,064$6,078$5,216$4,330
15 years$8,739$7,480$6,378$5,421$4,593$3,752
16 years$8,108$6,863$5,783$4,853$4,059$3,263
17 years$7,551$6,320$5,262$4,361$3,599$2,846
18 years$7,058$5,840$4,804$3,930$3,200$2,488
19 years$6,616$5,413$4,398$3,551$2,852$2,180
20 years$6,220$5,030$4,036$3,216$2,548$1,914
21 years$5,861$4,685$3,712$2,919$2,280$1,683
22 years$5,536$4,373$3,421$2,654$2,044$1,482
23 years$5,239$4,090$3,159$2,417$1,835$1,307
24 years$4,967$3,832$2,922$2,204$1,649$1,153
25 years$4,718$3,596$2,706$2,013$1,484$1,019
26 years$4,488$3,380$2,510$1,841$1,337$901
27 years$4,276$3,181$2,330$1,685$1,205$797
28 years$4,079$2,997$2,166$1,544$1,087$706
29 years$3,896$2,828$2,016$1,416$982$625
30 years$3,725$2,670$1,878$1,299$887$554
31 years$3,566$2,524$1,751$1,193$802$491
32 years$3,417$2,389$1,633$1,097$726$436
33 years$3,277$2,262$1,525$1,008$657$387
34 years$3,146$2,144$1,425$928$594$343
35 years$3,023$2,034$1,332$854$538$305
36 years$2,906$1,930$1,246$787$488$270
37 years$2,797$1,833$1,167$725$442$240
38 years$2,693$1,742$1,092$668$401$213
39 years$2,595$1,657$1,023$616$364$190
40 years$2,502$1,576$959$568$330$168
41 years$2,414$1,500$899$524$299$150
42 years$2,330$1,429$844$484$271$133
43 years$2,250$1,361$792$447$246$118
44 years$2,174$1,298$743$412$224$105
45 years$2,102$1,237$698$381$203$94
46 years$2,033$1,181$655$352$184$83
47 years$1,967$1,127$616$325$167$74
48 years$1,904$1,075$579$300$152$66
49 years$1,844$1,027$544$278$138$58
50 years$1,787$981$511$257$125$52

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 $5,190 every year, while hoping to spend $51,895 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: 30/42/28 Blend
58$1,830,000$1,830,000$1,830,000$1,830,000
59$2,022,013$1,925,023$1,896,658$2,065,135
60$2,173,043$1,964,134$1,904,981$2,138,373
61$2,337,738$2,003,421$1,911,842$2,212,222
62$2,517,438$2,042,840$1,917,140$2,290,639
63$2,713,617$2,082,339$1,920,764$2,374,059
64$2,927,897$2,121,865$1,922,601$2,462,962
65$3,162,065$2,161,358$1,922,530$2,557,876
66$3,418,087$2,200,756$1,920,426$2,659,389
67$3,698,128$2,239,989$1,916,157$2,768,147
68$4,004,572$2,278,984$1,909,583$2,884,867
69$4,340,044$2,317,660$1,900,560$3,010,338
70$4,707,435$2,355,932$1,888,935$3,145,435
71$5,109,929$2,393,708$1,874,550$3,291,123
72$5,551,030$2,430,888$1,857,236$3,448,469
73$6,034,600$2,467,366$1,836,818$3,618,654
74$6,564,891$2,503,029$1,813,114$3,802,978
75$7,146,587$2,537,755$1,785,930$4,002,883
76$7,784,847$2,571,412$1,755,066$4,219,956
77$8,485,352$2,603,862$1,720,311$4,455,956
78$9,254,361$2,634,955$1,681,445$4,712,821
79$10,098,770$2,664,532$1,638,238$4,992,694
80$11,026,174$2,692,423$1,590,448$5,297,942
81$12,044,938$2,718,446$1,537,823$5,631,178
82$13,164,280$2,742,409$1,480,098$5,995,288
83$14,394,354$2,764,104$1,416,999$6,393,458
84$15,746,347$2,783,313$1,348,237$6,829,206
85$17,232,581$2,799,802$1,273,509$7,306,417
86$18,866,634$2,813,323$1,192,502$7,829,379
87$20,663,465$2,823,610$1,104,885$8,402,825
88$22,639,555$2,830,383$1,010,315$9,031,981
89$24,813,061$2,833,343$908,432$9,722,614
90$27,203,989$2,832,173$798,860$10,481,090
91$29,834,381$2,826,535$681,208$11,314,435
92$32,728,525$2,816,072$555,065$12,230,401
93$35,913,179$2,800,404$420,004$13,237,545
94$39,417,827$2,779,128$275,578$14,345,307
95$43,274,957$2,751,816$121,321$15,564,105
96$47,520,364$2,718,017$0$16,905,433
97$52,193,491$2,677,249$0$18,394,907
98$57,337,797$2,629,005$0$20,073,105
99$63,001,170$2,572,744$0$21,919,336
100$69,236,378$2,507,897$0$23,950,791