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%15.3%
1 years$153,597$152,229$150,894$149,591$148,319$145,087
2 years$76,038$74,622$73,250$71,919$70,628$67,388
3 years$50,189$48,766$47,397$46,079$44,809$41,663
4 years$37,266$35,848$34,493$33,197$31,958$28,929
5 years$29,515$28,106$26,768$25,499$24,294$21,391
6 years$24,349$22,950$21,633$20,392$19,223$16,449
7 years$20,661$19,274$17,977$16,765$15,634$12,989
8 years$17,896$16,521$15,246$14,064$12,970$10,454
9 years$15,746$14,385$13,131$11,979$10,922$8,533
10 years$14,027$12,679$11,448$10,326$9,306$7,042
11 years$12,622$11,288$10,079$8,987$8,004$5,861
12 years$11,452$10,131$8,945$7,883$6,936$4,911
13 years$10,463$9,156$7,991$6,959$6,048$4,138
14 years$9,615$8,322$7,180$6,178$5,302$3,502
15 years$8,882$7,602$6,483$5,509$4,668$2,975
16 years$8,241$6,975$5,878$4,933$4,126$2,535
17 years$7,675$6,424$5,348$4,432$3,658$2,166
18 years$7,173$5,936$4,882$3,994$3,253$1,855
19 years$6,725$5,501$4,470$3,609$2,899$1,591
20 years$6,322$5,112$4,102$3,269$2,590$1,367
21 years$5,957$4,762$3,773$2,967$2,317$1,176
22 years$5,626$4,445$3,477$2,697$2,077$1,013
23 years$5,325$4,157$3,211$2,457$1,865$873
24 years$5,049$3,895$2,969$2,241$1,676$753
25 years$4,795$3,655$2,750$2,046$1,508$650
26 years$4,562$3,435$2,551$1,871$1,358$562
27 years$4,346$3,233$2,369$1,713$1,225$486
28 years$4,146$3,047$2,202$1,569$1,105$420
29 years$3,959$2,874$2,049$1,439$998$363
30 years$3,786$2,714$1,909$1,321$902$314
31 years$3,624$2,566$1,779$1,213$815$272
32 years$3,473$2,428$1,660$1,115$737$236
33 years$3,331$2,299$1,550$1,025$667$204
34 years$3,198$2,179$1,448$943$604$177
35 years$3,072$2,067$1,354$868$547$153
36 years$2,954$1,962$1,267$800$496$133
37 years$2,843$1,863$1,186$737$449$115
38 years$2,737$1,771$1,110$679$407$100
39 years$2,637$1,684$1,040$626$369$86
40 years$2,543$1,602$975$577$335$75
41 years$2,453$1,525$914$533$304$65
42 years$2,368$1,452$858$492$276$56
43 years$2,287$1,384$805$454$250$49
44 years$2,210$1,319$755$419$227$42
45 years$2,136$1,258$709$387$206$37
46 years$2,066$1,200$666$358$187$32
47 years$2,000$1,145$626$330$170$28
48 years$1,936$1,093$588$305$154$24
49 years$1,874$1,044$553$282$140$21
50 years$1,816$997$520$261$127$18

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 $4,860 every year, while hoping to spend $51,359 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: 60/17/23 Blend
58$1,860,000$1,860,000$1,860,000$1,860,000
59$2,054,733$1,956,153$1,927,323$2,165,177
60$2,209,670$1,997,359$1,937,243$2,281,936
61$2,378,690$2,038,863$1,945,774$2,403,254
62$2,563,174$2,080,624$1,952,814$2,534,493
63$2,764,643$2,122,601$1,958,260$2,676,626
64$2,984,774$2,164,745$1,961,998$2,830,726
65$3,225,409$2,207,006$1,963,914$2,997,976
66$3,488,579$2,249,328$1,963,883$3,179,679
67$3,776,519$2,291,649$1,961,777$3,377,272
68$4,091,689$2,333,906$1,957,463$3,592,338
69$4,436,802$2,376,027$1,950,798$3,826,624
70$4,814,840$2,417,937$1,941,634$4,082,054
71$5,229,091$2,459,553$1,929,816$4,360,750
72$5,683,174$2,500,787$1,915,181$4,665,051
73$6,181,076$2,541,544$1,897,558$4,997,536
74$6,727,188$2,581,722$1,876,768$5,361,048
75$7,326,347$2,621,212$1,852,625$5,758,720
76$7,983,878$2,659,896$1,824,932$6,194,007
77$8,705,650$2,697,647$1,793,484$6,670,718
78$9,498,127$2,734,332$1,758,067$7,193,052
79$10,368,428$2,769,807$1,718,454$7,765,638
80$11,324,397$2,803,917$1,674,412$8,393,578
81$12,374,674$2,836,497$1,625,693$9,082,498
82$13,528,778$2,867,372$1,572,041$9,838,599
83$14,797,195$2,896,355$1,513,185$10,668,717
84$16,191,477$2,923,245$1,448,846$11,580,389
85$17,724,353$2,947,829$1,378,727$12,581,923
86$19,409,845$2,969,880$1,302,522$13,682,477
87$21,263,401$2,989,156$1,219,908$14,892,146
88$23,302,043$3,005,400$1,130,550$16,222,059
89$25,544,525$3,018,338$1,034,097$17,684,485
90$28,011,508$3,027,679$930,181$19,292,945
91$30,725,759$3,033,112$818,420$21,062,348
92$33,712,362$3,034,310$698,412$23,009,124
93$36,998,954$3,030,922$569,740$25,151,388
94$40,615,988$3,022,579$431,967$27,509,104
95$44,597,019$3,008,885$284,638$30,104,280
96$48,979,019$2,989,424$127,277$32,961,176
97$53,802,725$2,963,752$0$36,106,530
98$59,113,026$2,931,399$0$39,579,794
99$64,959,384$2,891,867$0$43,437,458
100$71,396,301$2,844,629$0$47,684,198