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%11.9%
1 years$152,771$151,410$150,083$148,787$147,522$146,347
2 years$75,629$74,221$72,856$71,532$70,248$69,064
3 years$49,919$48,504$47,142$45,831$44,568$43,411
4 years$37,066$35,656$34,308$33,019$31,787$30,666
5 years$29,356$27,954$26,624$25,362$24,164$23,082
6 years$24,218$22,827$21,516$20,282$19,120$18,079
7 years$20,550$19,170$17,880$16,675$15,550$14,550
8 years$17,799$16,432$15,164$13,988$12,900$11,942
9 years$15,661$14,307$13,061$11,915$10,864$9,947
10 years$13,952$12,611$11,386$10,271$9,256$8,380
11 years$12,554$11,227$10,024$8,939$7,961$7,124
12 years$11,391$10,077$8,896$7,840$6,899$6,101
13 years$10,407$9,106$7,948$6,922$6,016$5,256
14 years$9,564$8,277$7,142$6,144$5,273$4,551
15 years$8,834$7,562$6,448$5,480$4,643$3,957
16 years$8,196$6,938$5,846$4,907$4,104$3,453
17 years$7,634$6,389$5,320$4,408$3,638$3,022
18 years$7,135$5,904$4,856$3,973$3,235$2,652
19 years$6,689$5,472$4,446$3,590$2,884$2,332
20 years$6,288$5,085$4,080$3,251$2,576$2,055
21 years$5,925$4,736$3,753$2,951$2,305$1,814
22 years$5,596$4,421$3,459$2,683$2,066$1,603
23 years$5,296$4,135$3,194$2,443$1,855$1,419
24 years$5,022$3,874$2,953$2,229$1,667$1,257
25 years$4,770$3,636$2,736$2,035$1,500$1,115
26 years$4,537$3,417$2,537$1,861$1,351$989
27 years$4,322$3,216$2,356$1,703$1,218$879
28 years$4,123$3,030$2,190$1,561$1,099$781
29 years$3,938$2,859$2,038$1,431$993$695
30 years$3,766$2,700$1,898$1,313$897$618
31 years$3,605$2,552$1,770$1,206$811$550
32 years$3,454$2,415$1,651$1,109$733$490
33 years$3,313$2,287$1,542$1,019$664$437
34 years$3,180$2,167$1,441$938$601$389
35 years$3,056$2,056$1,347$863$544$347
36 years$2,938$1,951$1,260$795$493$310
37 years$2,827$1,853$1,179$733$447$276
38 years$2,722$1,761$1,104$675$405$246
39 years$2,623$1,675$1,035$623$367$220
40 years$2,529$1,593$970$574$333$196
41 years$2,440$1,517$909$530$302$175
42 years$2,355$1,444$853$489$274$156
43 years$2,275$1,376$800$451$249$140
44 years$2,198$1,312$751$417$226$125
45 years$2,125$1,251$705$385$205$111
46 years$2,055$1,193$663$356$186$99
47 years$1,989$1,139$622$329$169$89
48 years$1,925$1,087$585$304$154$79
49 years$1,864$1,038$550$281$140$71
50 years$1,806$992$517$259$127$63

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 $3,794 every year, while hoping to spend $26,446 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: 68/27/5 Blend
58$1,850,000$1,850,000$1,850,000$1,850,000
59$2,042,614$1,944,564$1,915,889$2,180,085
60$2,222,822$2,011,709$1,951,932$2,338,707
61$2,420,525$2,081,258$1,988,297$2,508,510
62$2,637,479$2,153,300$2,024,966$2,693,464
63$2,875,620$2,227,930$2,061,921$2,895,044
64$3,137,079$2,305,244$2,099,140$3,114,873
65$3,424,202$2,385,343$2,136,603$3,354,739
66$3,739,578$2,468,331$2,174,286$3,616,608
67$4,086,054$2,554,318$2,212,164$3,902,644
68$4,466,769$2,643,418$2,250,209$4,215,232
69$4,885,181$2,735,747$2,288,393$4,556,992
70$5,345,100$2,831,429$2,326,684$4,930,814
71$5,850,722$2,930,590$2,365,050$5,339,877
72$6,406,670$3,033,364$2,403,453$5,787,680
73$7,018,039$3,139,887$2,441,858$6,278,080
74$7,690,441$3,250,304$2,480,222$6,815,318
75$8,430,060$3,364,763$2,518,504$7,404,071
76$9,243,709$3,483,419$2,556,656$8,049,484
77$10,138,894$3,606,433$2,594,631$8,757,226
78$11,123,886$3,733,973$2,632,376$9,533,540
79$12,207,798$3,866,214$2,669,836$10,385,301
80$13,400,672$4,003,336$2,706,954$11,320,083
81$14,713,570$4,145,530$2,743,667$12,346,226
82$16,158,684$4,292,991$2,779,910$13,472,918
83$17,749,447$4,445,924$2,815,613$14,710,280
84$19,500,658$4,604,541$2,850,704$16,069,458
85$21,428,626$4,769,066$2,885,104$17,562,734
86$23,551,323$4,939,727$2,918,732$19,203,635
87$25,888,550$5,116,766$2,951,501$21,007,062
88$28,462,126$5,300,431$2,983,321$22,989,434
89$31,296,095$5,490,984$3,014,094$25,168,835
90$34,416,950$5,688,695$3,043,719$27,565,191
91$37,853,884$5,893,847$3,072,089$30,200,453
92$41,639,068$6,106,733$3,099,092$33,098,804
93$45,807,949$6,327,659$3,124,607$36,286,890
94$50,399,590$6,556,944$3,148,511$39,794,065
95$55,457,033$6,794,919$3,170,672$43,652,672
96$61,027,711$7,041,931$3,190,950$47,898,346
97$67,163,892$7,298,340$3,209,201$52,570,348
98$73,923,170$7,564,520$3,225,270$57,711,937
99$81,369,014$7,840,863$3,238,998$63,370,775
100$89,571,364$8,127,775$3,250,215$69,599,380