Can I retire at age 59 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$154,423$153,047$151,705$150,395$149,116$147,867
2 years$76,447$75,023$73,643$72,306$71,008$69,749
3 years$50,458$49,028$47,652$46,327$45,050$43,820
4 years$37,467$36,041$34,679$33,376$32,130$30,939
5 years$29,674$28,257$26,912$25,636$24,425$23,276
6 years$24,480$23,074$21,749$20,501$19,327$18,221
7 years$20,772$19,377$18,073$16,855$15,718$14,656
8 years$17,992$16,610$15,328$14,139$13,039$12,022
9 years$15,831$14,462$13,202$12,044$10,981$10,007
10 years$14,103$12,747$11,510$10,382$9,356$8,426
11 years$12,690$11,348$10,133$9,035$8,047$7,159
12 years$11,514$10,186$8,993$7,925$6,973$6,127
13 years$10,519$9,205$8,034$6,997$6,081$5,275
14 years$9,667$8,367$7,219$6,211$5,330$4,565
15 years$8,930$7,643$6,518$5,539$4,693$3,966
16 years$8,285$7,013$5,909$4,960$4,148$3,459
17 years$7,716$6,458$5,377$4,456$3,678$3,025
18 years$7,212$5,968$4,909$4,016$3,270$2,652
19 years$6,761$5,531$4,494$3,629$2,915$2,331
20 years$6,356$5,140$4,124$3,286$2,604$2,052
21 years$5,989$4,787$3,793$2,983$2,330$1,810
22 years$5,657$4,469$3,496$2,712$2,088$1,599
23 years$5,354$4,180$3,228$2,470$1,875$1,414
24 years$5,076$3,916$2,985$2,253$1,685$1,251
25 years$4,821$3,675$2,765$2,057$1,516$1,109
26 years$4,586$3,454$2,564$1,881$1,366$984
27 years$4,369$3,251$2,381$1,722$1,231$873
28 years$4,168$3,063$2,214$1,577$1,111$775
29 years$3,981$2,890$2,060$1,447$1,003$689
30 years$3,807$2,729$1,919$1,328$907$613
31 years$3,644$2,580$1,789$1,219$820$545
32 years$3,492$2,441$1,669$1,121$741$485
33 years$3,349$2,312$1,558$1,030$671$432
34 years$3,215$2,191$1,456$948$607$385
35 years$3,089$2,078$1,361$873$550$343
36 years$2,970$1,972$1,274$804$499$305
37 years$2,858$1,873$1,192$741$452$272
38 years$2,752$1,780$1,116$683$410$242
39 years$2,652$1,693$1,046$629$371$216
40 years$2,557$1,611$980$581$337$193
41 years$2,466$1,533$919$536$306$172
42 years$2,381$1,460$862$494$277$153
43 years$2,299$1,391$809$456$252$137
44 years$2,222$1,326$759$421$228$122
45 years$2,148$1,265$713$389$207$109
46 years$2,078$1,206$670$359$188$97
47 years$2,010$1,151$629$332$171$87
48 years$1,946$1,099$591$307$155$77
49 years$1,885$1,049$556$284$141$69
50 years$1,826$1,002$523$262$128$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,870,000, adding $2,289 every year, while hoping to spend $21,628 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: 60/15/25 Blend
58$1,870,000$1,870,000$1,870,000$1,870,000
59$2,063,101$1,963,991$1,935,006$2,172,932
60$2,250,525$2,037,215$1,976,817$2,321,133
61$2,456,342$2,113,301$2,019,303$2,480,225
62$2,682,404$2,192,368$2,062,465$2,653,348
63$2,930,754$2,274,539$2,106,302$2,841,872
64$3,203,639$2,359,940$2,150,812$3,047,303
65$3,503,538$2,448,704$2,195,992$3,271,300
66$3,833,181$2,540,972$2,241,839$3,515,688
67$4,195,573$2,636,888$2,288,349$3,782,479
68$4,594,030$2,736,604$2,335,516$4,073,885
69$5,032,199$2,840,276$2,383,335$4,392,342
70$5,514,104$2,948,070$2,431,797$4,740,534
71$6,044,175$3,060,157$2,480,894$5,121,415
72$6,627,293$3,176,717$2,530,616$5,538,239
73$7,268,837$3,297,937$2,580,953$5,994,589
74$7,974,735$3,424,012$2,631,890$6,494,410
75$8,751,514$3,555,145$2,683,416$7,042,050
76$9,606,371$3,691,550$2,735,513$7,642,294
77$10,547,233$3,833,448$2,788,164$8,300,415
78$11,582,835$3,981,071$2,841,351$9,022,220
79$12,722,801$4,134,660$2,895,054$9,814,105
80$13,977,737$4,294,469$2,949,248$10,683,118
81$15,359,328$4,460,760$3,003,911$11,637,019
82$16,880,452$4,633,809$3,059,014$12,684,360
83$18,555,296$4,813,904$3,114,528$13,834,558
84$20,399,495$5,001,344$3,170,424$15,097,992
85$22,430,276$5,196,442$3,226,666$16,486,092
86$24,666,623$5,399,527$3,283,218$18,011,453
87$27,129,454$5,610,939$3,340,041$19,687,949
88$29,841,818$5,831,035$3,397,093$21,530,866
89$32,829,117$6,060,189$3,454,328$23,557,046
90$36,119,338$6,298,790$3,511,700$25,785,045
91$39,743,324$6,547,244$3,569,155$28,235,305
92$43,735,060$6,805,976$3,626,639$30,930,351
93$48,131,998$7,075,431$3,684,093$33,895,000
94$52,975,406$7,356,071$3,741,455$37,156,596
95$58,310,762$7,648,382$3,798,657$40,745,268
96$64,188,177$7,952,871$3,855,630$44,694,212
97$70,662,875$8,270,065$3,912,297$49,040,004
98$77,795,708$8,600,518$3,968,579$53,822,947
99$85,653,734$8,944,808$4,024,391$59,087,450
100$94,310,850$9,303,538$4,079,642$64,882,444