Can I retire at age 59 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$153,597$152,229$150,894$149,591$148,319$147,323
2 years$76,038$74,622$73,250$71,919$70,628$69,623
3 years$50,189$48,766$47,397$46,079$44,809$43,827
4 years$37,266$35,848$34,493$33,197$31,958$31,006
5 years$29,515$28,106$26,768$25,499$24,294$23,375
6 years$24,349$22,950$21,633$20,392$19,223$18,338
7 years$20,661$19,274$17,977$16,765$15,634$14,783
8 years$17,896$16,521$15,246$14,064$12,970$12,154
9 years$15,746$14,385$13,131$11,979$10,922$10,141
10 years$14,027$12,679$11,448$10,326$9,306$8,559
11 years$12,622$11,288$10,079$8,987$8,004$7,290
12 years$11,452$10,131$8,945$7,883$6,936$6,255
13 years$10,463$9,156$7,991$6,959$6,048$5,399
14 years$9,615$8,322$7,180$6,178$5,302$4,684
15 years$8,882$7,602$6,483$5,509$4,668$4,081
16 years$8,241$6,975$5,878$4,933$4,126$3,568
17 years$7,675$6,424$5,348$4,432$3,658$3,129
18 years$7,173$5,936$4,882$3,994$3,253$2,752
19 years$6,725$5,501$4,470$3,609$2,899$2,425
20 years$6,322$5,112$4,102$3,269$2,590$2,141
21 years$5,957$4,762$3,773$2,967$2,317$1,894
22 years$5,626$4,445$3,477$2,697$2,077$1,678
23 years$5,325$4,157$3,211$2,457$1,865$1,488
24 years$5,049$3,895$2,969$2,241$1,676$1,322
25 years$4,795$3,655$2,750$2,046$1,508$1,175
26 years$4,562$3,435$2,551$1,871$1,358$1,045
27 years$4,346$3,233$2,369$1,713$1,225$931
28 years$4,146$3,047$2,202$1,569$1,105$829
29 years$3,959$2,874$2,049$1,439$998$739
30 years$3,786$2,714$1,909$1,321$902$660
31 years$3,624$2,566$1,779$1,213$815$589
32 years$3,473$2,428$1,660$1,115$737$526
33 years$3,331$2,299$1,550$1,025$667$469
34 years$3,198$2,179$1,448$943$604$419
35 years$3,072$2,067$1,354$868$547$375
36 years$2,954$1,962$1,267$800$496$335
37 years$2,843$1,863$1,186$737$449$300
38 years$2,737$1,771$1,110$679$407$268
39 years$2,637$1,684$1,040$626$369$240
40 years$2,543$1,602$975$577$335$215
41 years$2,453$1,525$914$533$304$192
42 years$2,368$1,452$858$492$276$172
43 years$2,287$1,384$805$454$250$154
44 years$2,210$1,319$755$419$227$138
45 years$2,136$1,258$709$387$206$123
46 years$2,066$1,200$666$358$187$110
47 years$2,000$1,145$626$330$170$99
48 years$1,936$1,093$588$305$154$89
49 years$1,874$1,044$553$282$140$79
50 years$1,816$997$520$261$127$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,860,000, adding $4,033 every year, while hoping to spend $58,102 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: 61/15/24 Blend
58$1,860,000$1,860,000$1,860,000$1,860,000
59$2,053,880$1,955,300$1,926,470$2,165,844
60$2,201,556$1,989,290$1,929,187$2,276,258
61$2,362,347$2,022,997$1,930,047$2,390,013
62$2,537,530$2,056,348$1,928,928$2,512,901
63$2,728,510$2,089,261$1,925,699$2,645,820
64$2,936,833$2,121,650$1,920,224$2,789,764
65$3,164,200$2,153,421$1,912,362$2,945,824
66$3,412,485$2,184,475$1,901,962$3,115,210
67$3,683,749$2,214,705$1,888,869$3,299,250
68$3,980,263$2,243,996$1,872,917$3,499,412
69$4,304,525$2,272,228$1,853,935$3,717,316
70$4,659,288$2,299,268$1,831,743$3,954,744
71$5,047,581$2,324,978$1,806,152$4,213,666
72$5,472,741$2,349,208$1,776,965$4,496,253
73$5,938,441$2,371,801$1,743,974$4,804,898
74$6,448,729$2,392,586$1,706,965$5,142,240
75$7,008,061$2,411,383$1,665,709$5,511,192
76$7,621,343$2,428,001$1,619,970$5,914,963
77$8,293,981$2,442,235$1,569,500$6,357,093
78$9,031,929$2,453,866$1,514,041$6,841,487
79$9,841,745$2,462,665$1,453,320$7,372,449
80$10,730,652$2,468,384$1,387,055$7,954,725
81$11,706,606$2,470,762$1,314,949$8,593,551
82$12,778,372$2,469,522$1,236,692$9,294,698
83$13,955,606$2,464,369$1,151,962$10,064,530
84$15,248,944$2,454,989$1,060,418$10,910,063
85$16,670,103$2,441,050$961,709$11,839,036
86$18,231,992$2,422,200$855,464$12,859,978
87$19,948,832$2,398,064$741,299$13,982,295
88$21,836,290$2,368,247$618,811$15,216,358
89$23,911,629$2,332,329$487,578$16,573,600
90$26,193,866$2,289,863$347,162$18,066,626
91$28,703,953$2,240,379$197,105$19,709,333
92$31,464,976$2,183,378$36,928$21,517,044
93$34,502,369$2,118,329$0$23,506,648
94$37,844,158$2,044,674$0$25,731,086
95$41,521,219$1,961,820$0$28,188,890
96$45,567,575$1,869,141$0$30,893,366
97$50,020,711$1,765,973$0$33,869,606
98$54,921,933$1,651,614$0$37,145,265
99$60,316,751$1,525,325$0$40,750,820
100$66,255,313$1,386,319$0$44,719,855