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%16.3%
1 years$154,423$153,047$151,705$150,395$149,116$145,276
2 years$76,447$75,023$73,643$72,306$71,008$67,164
3 years$50,458$49,028$47,652$46,327$45,050$41,324
4 years$37,467$36,041$34,679$33,376$32,130$28,549
5 years$29,674$28,257$26,912$25,636$24,425$21,000
6 years$24,480$23,074$21,749$20,501$19,327$16,060
7 years$20,772$19,377$18,073$16,855$15,718$12,611
8 years$17,992$16,610$15,328$14,139$13,039$10,090
9 years$15,831$14,462$13,202$12,044$10,981$8,187
10 years$14,103$12,747$11,510$10,382$9,356$6,714
11 years$12,690$11,348$10,133$9,035$8,047$5,552
12 years$11,514$10,186$8,993$7,925$6,973$4,622
13 years$10,519$9,205$8,034$6,997$6,081$3,869
14 years$9,667$8,367$7,219$6,211$5,330$3,252
15 years$8,930$7,643$6,518$5,539$4,693$2,743
16 years$8,285$7,013$5,909$4,960$4,148$2,321
17 years$7,716$6,458$5,377$4,456$3,678$1,969
18 years$7,212$5,968$4,909$4,016$3,270$1,673
19 years$6,761$5,531$4,494$3,629$2,915$1,425
20 years$6,356$5,140$4,124$3,286$2,604$1,215
21 years$5,989$4,787$3,793$2,983$2,330$1,037
22 years$5,657$4,469$3,496$2,712$2,088$886
23 years$5,354$4,180$3,228$2,470$1,875$758
24 years$5,076$3,916$2,985$2,253$1,685$649
25 years$4,821$3,675$2,765$2,057$1,516$556
26 years$4,586$3,454$2,564$1,881$1,366$476
27 years$4,369$3,251$2,381$1,722$1,231$408
28 years$4,168$3,063$2,214$1,577$1,111$350
29 years$3,981$2,890$2,060$1,447$1,003$301
30 years$3,807$2,729$1,919$1,328$907$258
31 years$3,644$2,580$1,789$1,219$820$222
32 years$3,492$2,441$1,669$1,121$741$190
33 years$3,349$2,312$1,558$1,030$671$163
34 years$3,215$2,191$1,456$948$607$140
35 years$3,089$2,078$1,361$873$550$121
36 years$2,970$1,972$1,274$804$499$104
37 years$2,858$1,873$1,192$741$452$89
38 years$2,752$1,780$1,116$683$410$77
39 years$2,652$1,693$1,046$629$371$66
40 years$2,557$1,611$980$581$337$57
41 years$2,466$1,533$919$536$306$49
42 years$2,381$1,460$862$494$277$42
43 years$2,299$1,391$809$456$252$36
44 years$2,222$1,326$759$421$228$31
45 years$2,148$1,265$713$389$207$27
46 years$2,078$1,206$670$359$188$23
47 years$2,010$1,151$629$332$171$20
48 years$1,946$1,099$591$307$155$17
49 years$1,885$1,049$556$284$141$14
50 years$1,826$1,002$523$262$128$12

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 $4,247 every year, while hoping to spend $46,032 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: 40/48/12 Blend
58$1,870,000$1,870,000$1,870,000$1,870,000
59$2,065,121$1,966,011$1,937,026$2,140,162
60$2,226,785$2,013,368$1,952,938$2,240,888
61$2,403,397$2,061,502$1,967,841$2,344,929
62$2,596,432$2,110,404$1,981,652$2,456,463
63$2,807,514$2,160,060$1,994,284$2,576,190
64$3,038,434$2,210,457$2,005,646$2,704,880
65$3,291,161$2,261,576$2,015,642$2,843,381
66$3,567,865$2,313,398$2,024,171$2,992,626
67$3,870,934$2,365,902$2,031,128$3,153,646
68$4,202,999$2,419,061$2,036,401$3,327,572
69$4,566,958$2,472,847$2,039,873$3,515,653
70$4,966,001$2,527,230$2,041,422$3,719,265
71$5,403,642$2,582,174$2,040,919$3,939,924
72$5,883,753$2,637,640$2,038,229$4,179,300
73$6,410,597$2,693,585$2,033,210$4,439,233
74$6,988,870$2,749,963$2,025,715$4,721,751
75$7,623,745$2,806,721$2,015,587$5,029,090
76$8,320,920$2,863,804$2,002,663$5,363,712
77$9,086,674$2,921,150$1,986,772$5,728,334
78$9,927,920$2,978,692$1,967,734$6,125,946
79$10,852,278$3,036,358$1,945,363$6,559,849
80$11,868,139$3,094,068$1,919,461$7,033,676
81$12,984,748$3,151,737$1,889,822$7,551,435
82$14,212,293$3,209,273$1,856,232$8,117,544
83$15,561,995$3,266,575$1,818,464$8,736,870
84$17,046,219$3,323,537$1,776,282$9,414,781
85$18,678,585$3,380,042$1,729,440$10,157,192
86$20,474,103$3,435,966$1,677,678$10,970,625
87$22,449,308$3,491,175$1,620,727$11,862,267
88$24,622,420$3,545,525$1,558,304$12,840,043
89$27,013,512$3,598,862$1,490,112$13,912,686
90$29,644,703$3,651,019$1,415,844$15,089,826
91$32,540,365$3,701,820$1,335,177$16,382,076
92$35,727,348$3,751,076$1,247,771$17,801,135
93$39,235,242$3,798,583$1,153,276$19,359,901
94$43,096,647$3,844,124$1,051,321$21,072,588
95$47,347,487$3,887,468$941,522$22,954,868
96$52,027,345$3,928,368$823,478$25,024,016
97$57,179,836$3,966,560$696,766$27,299,072
98$62,853,021$4,001,764$560,950$29,801,026
99$69,099,858$4,033,678$415,570$32,553,013
100$75,978,700$4,061,985$260,148$35,580,538