Can I retire at age 59 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$151,945$150,592$149,272$147,983$146,724$142,427
2 years$75,221$73,820$72,462$71,146$69,869$65,574
3 years$49,649$48,242$46,888$45,584$44,328$40,170
4 years$36,866$35,463$34,122$32,840$31,615$27,627
5 years$29,198$27,803$26,480$25,225$24,033$20,225
6 years$24,087$22,704$21,400$20,172$19,017$15,392
7 years$20,438$19,066$17,783$16,585$15,466$12,024
8 years$17,703$16,343$15,082$13,913$12,830$9,570
9 years$15,577$14,230$12,990$11,850$10,805$7,723
10 years$13,877$12,543$11,325$10,215$9,206$6,298
11 years$12,487$11,166$9,970$8,890$7,918$5,178
12 years$11,329$10,022$8,848$7,798$6,861$4,286
13 years$10,350$9,057$7,905$6,884$5,983$3,565
14 years$9,512$8,233$7,103$6,111$5,245$2,978
15 years$8,786$7,521$6,413$5,450$4,618$2,497
16 years$8,152$6,900$5,814$4,880$4,081$2,099
17 years$7,593$6,355$5,291$4,385$3,619$1,769
18 years$7,096$5,872$4,830$3,951$3,218$1,493
19 years$6,652$5,442$4,422$3,570$2,868$1,263
20 years$6,254$5,057$4,058$3,234$2,562$1,069
21 years$5,893$4,711$3,732$2,935$2,292$907
22 years$5,566$4,397$3,440$2,668$2,055$769
23 years$5,268$4,113$3,176$2,430$1,845$653
24 years$4,995$3,853$2,938$2,216$1,658$555
25 years$4,744$3,616$2,721$2,024$1,492$472
26 years$4,513$3,398$2,523$1,851$1,344$402
27 years$4,299$3,198$2,343$1,694$1,212$342
28 years$4,101$3,014$2,178$1,552$1,093$291
29 years$3,917$2,843$2,027$1,423$987$248
30 years$3,745$2,685$1,888$1,306$892$211
31 years$3,585$2,538$1,760$1,200$806$180
32 years$3,436$2,402$1,642$1,103$729$154
33 years$3,295$2,274$1,533$1,014$660$131
34 years$3,163$2,156$1,433$933$598$112
35 years$3,039$2,045$1,340$859$541$95
36 years$2,922$1,941$1,253$791$491$81
37 years$2,812$1,843$1,173$729$445$69
38 years$2,708$1,752$1,098$672$403$59
39 years$2,609$1,666$1,029$619$365$50
40 years$2,516$1,585$965$571$332$43
41 years$2,427$1,509$904$527$301$37
42 years$2,343$1,437$848$486$273$31
43 years$2,262$1,369$796$449$248$27
44 years$2,186$1,305$747$415$225$23
45 years$2,114$1,244$702$383$204$19
46 years$2,044$1,187$659$354$185$17
47 years$1,978$1,133$619$327$168$14
48 years$1,915$1,081$582$302$153$12
49 years$1,854$1,033$547$279$139$10
50 years$1,796$986$514$258$126$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,840,000, adding $2,965 every year, while hoping to spend $43,257 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: 60/29/11 Blend
58$1,840,000$1,840,000$1,840,000$1,840,000
59$2,030,738$1,933,218$1,904,698$2,147,122
60$2,191,849$1,981,921$1,922,481$2,274,368
61$2,367,942$2,031,560$1,939,409$2,407,941
62$2,560,502$2,082,136$1,955,409$2,552,585
63$2,771,160$2,133,648$1,970,402$2,709,369
64$3,001,715$2,186,093$1,984,306$2,879,472
65$3,254,144$2,239,466$1,997,035$3,064,192
66$3,530,628$2,293,761$2,008,498$3,264,958
67$3,833,568$2,348,971$2,018,598$3,483,343
68$4,165,606$2,405,085$2,027,235$3,721,081
69$4,529,654$2,462,090$2,034,303$3,980,081
70$4,928,918$2,519,972$2,039,692$4,262,447
71$5,366,930$2,578,713$2,043,284$4,570,495
72$5,847,580$2,638,293$2,044,957$4,906,777
73$6,375,152$2,698,689$2,044,583$5,274,105
74$6,954,368$2,759,874$2,042,026$5,675,577
75$7,590,426$2,821,820$2,037,146$6,114,605
76$8,289,052$2,884,493$2,029,794$6,594,949
77$9,056,558$2,947,855$2,019,814$7,120,753
78$9,899,892$3,011,866$2,007,043$7,696,581
79$10,826,713$3,076,479$1,991,311$8,327,463
80$11,845,457$3,141,645$1,972,439$9,018,942
81$12,965,416$3,207,309$1,950,238$9,777,124
82$14,196,830$3,273,409$1,924,513$10,608,738
83$15,550,981$3,339,879$1,895,058$11,521,202
84$17,040,296$3,406,649$1,861,658$12,522,686
85$18,678,469$3,473,637$1,824,086$13,622,195
86$20,480,588$3,540,761$1,782,108$14,829,652
87$22,463,276$3,607,926$1,735,477$16,155,993
88$24,644,849$3,675,033$1,683,934$17,613,269
89$27,045,487$3,741,973$1,627,209$19,214,760
90$29,687,427$3,808,630$1,565,020$20,975,099
91$32,595,168$3,874,876$1,497,072$22,910,417
92$35,795,707$3,940,577$1,423,056$25,038,485
93$39,318,789$4,005,586$1,342,649$27,378,892
94$43,197,192$4,069,745$1,255,514$29,953,223
95$47,467,030$4,132,887$1,161,298$32,785,267
96$52,168,099$4,194,831$1,059,633$35,901,239
97$57,344,248$4,255,381$950,135$39,330,031
98$63,043,798$4,314,331$832,401$43,103,483
99$69,319,991$4,371,459$706,011$47,256,685
100$76,231,496$4,426,526$570,528$51,828,306