Can I retire at age 59 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$152,771$151,410$150,083$148,787$147,522$144,839
2 years$75,629$74,221$72,856$71,532$70,248$67,556
3 years$49,919$48,504$47,142$45,831$44,568$41,949
4 years$37,066$35,656$34,308$33,019$31,787$29,261
5 years$29,356$27,954$26,624$25,362$24,164$21,739
6 years$24,218$22,827$21,516$20,282$19,120$16,799
7 years$20,550$19,170$17,880$16,675$15,550$13,332
8 years$17,799$16,432$15,164$13,988$12,900$10,786
9 years$15,661$14,307$13,061$11,915$10,864$8,852
10 years$13,952$12,611$11,386$10,271$9,256$7,346
11 years$12,554$11,227$10,024$8,939$7,961$6,148
12 years$11,391$10,077$8,896$7,840$6,899$5,182
13 years$10,407$9,106$7,948$6,922$6,016$4,393
14 years$9,564$8,277$7,142$6,144$5,273$3,740
15 years$8,834$7,562$6,448$5,480$4,643$3,197
16 years$8,196$6,938$5,846$4,907$4,104$2,742
17 years$7,634$6,389$5,320$4,408$3,638$2,358
18 years$7,135$5,904$4,856$3,973$3,235$2,032
19 years$6,689$5,472$4,446$3,590$2,884$1,755
20 years$6,288$5,085$4,080$3,251$2,576$1,518
21 years$5,925$4,736$3,753$2,951$2,305$1,315
22 years$5,596$4,421$3,459$2,683$2,066$1,140
23 years$5,296$4,135$3,194$2,443$1,855$990
24 years$5,022$3,874$2,953$2,229$1,667$860
25 years$4,770$3,636$2,736$2,035$1,500$748
26 years$4,537$3,417$2,537$1,861$1,351$651
27 years$4,322$3,216$2,356$1,703$1,218$567
28 years$4,123$3,030$2,190$1,561$1,099$494
29 years$3,938$2,859$2,038$1,431$993$430
30 years$3,766$2,700$1,898$1,313$897$375
31 years$3,605$2,552$1,770$1,206$811$327
32 years$3,454$2,415$1,651$1,109$733$285
33 years$3,313$2,287$1,542$1,019$664$249
34 years$3,180$2,167$1,441$938$601$217
35 years$3,056$2,056$1,347$863$544$190
36 years$2,938$1,951$1,260$795$493$166
37 years$2,827$1,853$1,179$733$447$145
38 years$2,722$1,761$1,104$675$405$126
39 years$2,623$1,675$1,035$623$367$110
40 years$2,529$1,593$970$574$333$96
41 years$2,440$1,517$909$530$302$84
42 years$2,355$1,444$853$489$274$74
43 years$2,275$1,376$800$451$249$64
44 years$2,198$1,312$751$417$226$56
45 years$2,125$1,251$705$385$205$49
46 years$2,055$1,193$663$356$186$43
47 years$1,989$1,139$622$329$169$37
48 years$1,925$1,087$585$304$154$33
49 years$1,864$1,038$550$281$140$29
50 years$1,806$992$517$259$127$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,850,000, adding $6,992 every year, while hoping to spend $32,547 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: 50/27/23 Blend
58$1,850,000$1,850,000$1,850,000$1,850,000
59$2,045,912$1,947,862$1,919,187$2,134,672
60$2,219,966$2,008,678$1,948,850$2,257,861
61$2,410,681$2,071,382$1,978,416$2,387,812
62$2,619,725$2,136,034$2,007,847$2,528,383
63$2,848,931$2,202,694$2,037,104$2,680,593
64$3,100,318$2,271,422$2,066,143$2,845,563
65$3,376,112$2,342,283$2,094,920$3,024,524
66$3,678,763$2,415,343$2,123,388$3,218,836
67$4,010,970$2,490,668$2,151,495$3,429,993
68$4,375,708$2,568,329$2,179,188$3,659,639
69$4,776,250$2,648,398$2,206,412$3,909,588
70$5,216,206$2,730,947$2,233,105$4,181,833
71$5,699,550$2,816,055$2,259,204$4,478,571
72$6,230,660$2,903,798$2,284,644$4,802,222
73$6,814,362$2,994,258$2,309,354$5,155,450
74$7,455,968$3,087,517$2,333,258$5,541,189
75$8,161,334$3,183,663$2,356,280$5,962,670
76$8,936,910$3,282,783$2,378,335$6,423,454
77$9,789,804$3,384,968$2,399,338$6,927,461
78$10,727,844$3,490,312$2,419,197$7,479,012
79$11,759,658$3,598,911$2,437,814$8,082,862
80$12,894,751$3,710,865$2,455,088$8,744,255
81$14,143,595$3,826,277$2,470,913$9,468,964
82$15,517,729$3,945,252$2,485,176$10,263,349
83$17,029,866$4,067,898$2,497,758$11,134,420
84$18,694,015$4,194,328$2,508,536$12,089,897
85$20,525,611$4,324,656$2,517,378$13,138,287
86$22,541,661$4,459,003$2,524,148$14,288,961
87$24,760,906$4,597,488$2,528,702$15,552,246
88$27,203,993$4,740,240$2,530,888$16,939,519
89$29,893,675$4,887,387$2,530,548$18,463,317
90$32,855,023$5,039,062$2,527,514$20,137,451
91$36,115,663$5,195,404$2,521,614$21,977,140
92$39,706,035$5,356,553$2,512,663$23,999,155
93$43,659,683$5,522,656$2,500,468$26,221,973
94$48,013,567$5,693,862$2,484,830$28,665,955
95$52,808,415$5,870,327$2,465,537$31,353,536
96$58,089,109$6,052,208$2,442,368$34,309,437
97$63,905,101$6,239,669$2,415,090$37,560,899
98$70,310,888$6,432,880$2,383,463$41,137,940
99$77,366,521$6,632,013$2,347,231$45,073,637
100$85,138,172$6,837,247$2,306,129$49,404,438