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%13.4%
1 years$151,120$149,774$148,460$147,178$145,927$143,865
2 years$74,812$73,418$72,068$70,759$69,489$67,416
3 years$49,379$47,980$46,633$45,336$44,087$42,066
4 years$36,665$35,270$33,937$32,662$31,443$29,491
5 years$29,039$27,652$26,336$25,088$23,902$22,025
6 years$23,956$22,580$21,284$20,063$18,913$17,112
7 years$20,327$18,963$17,687$16,495$15,381$13,658
8 years$17,607$16,255$15,000$13,837$12,760$11,113
9 years$15,492$14,153$12,919$11,786$10,746$9,175
10 years$13,801$12,475$11,263$10,160$9,156$7,660
11 years$12,419$11,106$9,916$8,842$7,875$6,452
12 years$11,267$9,968$8,800$7,756$6,824$5,473
13 years$10,294$9,008$7,862$6,847$5,951$4,670
14 years$9,460$8,188$7,064$6,078$5,216$4,003
15 years$8,739$7,480$6,378$5,421$4,593$3,446
16 years$8,108$6,863$5,783$4,853$4,059$2,976
17 years$7,551$6,320$5,262$4,361$3,599$2,577
18 years$7,058$5,840$4,804$3,930$3,200$2,237
19 years$6,616$5,413$4,398$3,551$2,852$1,946
20 years$6,220$5,030$4,036$3,216$2,548$1,696
21 years$5,861$4,685$3,712$2,919$2,280$1,480
22 years$5,536$4,373$3,421$2,654$2,044$1,294
23 years$5,239$4,090$3,159$2,417$1,835$1,132
24 years$4,967$3,832$2,922$2,204$1,649$991
25 years$4,718$3,596$2,706$2,013$1,484$869
26 years$4,488$3,380$2,510$1,841$1,337$762
27 years$4,276$3,181$2,330$1,685$1,205$669
28 years$4,079$2,997$2,166$1,544$1,087$587
29 years$3,896$2,828$2,016$1,416$982$516
30 years$3,725$2,670$1,878$1,299$887$454
31 years$3,566$2,524$1,751$1,193$802$399
32 years$3,417$2,389$1,633$1,097$726$351
33 years$3,277$2,262$1,525$1,008$657$309
34 years$3,146$2,144$1,425$928$594$272
35 years$3,023$2,034$1,332$854$538$239
36 years$2,906$1,930$1,246$787$488$211
37 years$2,797$1,833$1,167$725$442$186
38 years$2,693$1,742$1,092$668$401$163
39 years$2,595$1,657$1,023$616$364$144
40 years$2,502$1,576$959$568$330$127
41 years$2,414$1,500$899$524$299$112
42 years$2,330$1,429$844$484$271$99
43 years$2,250$1,361$792$447$246$87
44 years$2,174$1,298$743$412$224$77
45 years$2,102$1,237$698$381$203$67
46 years$2,033$1,181$655$352$184$59
47 years$1,967$1,127$616$325$167$52
48 years$1,904$1,075$579$300$152$46
49 years$1,844$1,027$544$278$138$41
50 years$1,787$981$511$257$125$36

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 $6,096 every year, while hoping to spend $35,754 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: 46/30/24 Blend
58$1,830,000$1,830,000$1,830,000$1,830,000
59$2,022,948$1,925,958$1,897,593$2,101,813
60$2,191,247$1,982,288$1,923,120$2,214,274
61$2,375,514$2,040,180$1,948,305$2,332,231
62$2,577,340$2,099,672$1,973,096$2,459,498
63$2,798,477$2,160,805$1,997,444$2,596,964
64$3,040,855$2,223,618$2,021,292$2,745,604
65$3,306,599$2,288,152$2,044,582$2,906,495
66$3,598,050$2,354,449$2,067,253$3,080,822
67$3,917,785$2,422,551$2,089,240$3,269,888
68$4,268,644$2,492,501$2,110,475$3,475,130
69$4,653,755$2,564,343$2,130,885$3,698,128
70$5,076,564$2,638,121$2,150,395$3,940,626
71$5,540,865$2,713,881$2,168,925$4,204,541
72$6,050,838$2,791,666$2,186,389$4,491,985
73$6,611,091$2,871,525$2,202,700$4,805,287
74$7,226,696$2,953,504$2,217,765$5,147,010
75$7,903,243$3,037,649$2,231,484$5,519,977
76$8,646,889$3,124,010$2,243,754$5,927,300
77$9,464,420$3,212,634$2,254,467$6,372,407
78$10,363,308$3,303,570$2,263,509$6,859,073
79$11,351,788$3,396,868$2,270,760$7,391,459
80$12,438,933$3,492,577$2,276,093$7,974,148
81$13,634,739$3,590,748$2,279,377$8,612,190
82$14,950,219$3,691,431$2,280,472$9,311,149
83$16,397,506$3,794,676$2,279,233$10,077,158
84$17,989,972$3,900,535$2,275,507$10,916,970
85$19,742,346$4,009,059$2,269,134$11,838,031
86$21,670,861$4,120,298$2,259,946$12,848,543
87$23,793,400$4,234,304$2,247,765$13,957,544
88$26,129,670$4,351,128$2,232,408$15,174,994
89$28,701,384$4,470,821$2,213,681$16,511,868
90$31,532,466$4,593,433$2,191,381$17,980,260
91$34,649,281$4,719,014$2,165,295$19,593,498
92$38,080,877$4,847,615$2,135,202$21,366,267
93$41,859,262$4,979,284$2,100,867$23,314,751
94$46,019,708$5,114,070$2,062,048$25,456,786
95$50,601,080$5,252,021$2,018,488$27,812,023
96$55,646,204$5,393,184$1,969,921$30,402,121
97$61,202,271$5,537,604$1,916,067$33,250,949
98$67,321,281$5,685,325$1,856,634$36,384,806
99$74,060,536$5,836,390$1,791,315$39,832,679
100$81,483,178$5,990,841$1,719,792$43,626,510