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%14.5%
1 years$154,423$153,047$151,705$150,395$149,116$146,345
2 years$76,447$75,023$73,643$72,306$71,008$68,226
3 years$50,458$49,028$47,652$46,327$45,050$42,345
4 years$37,467$36,041$34,679$33,376$32,130$29,522
5 years$29,674$28,257$26,912$25,636$24,425$21,921
6 years$24,480$23,074$21,749$20,501$19,327$16,930
7 years$20,772$19,377$18,073$16,855$15,718$13,429
8 years$17,992$16,610$15,328$14,139$13,039$10,859
9 years$15,831$14,462$13,202$12,044$10,981$8,906
10 years$14,103$12,747$11,510$10,382$9,356$7,386
11 years$12,690$11,348$10,133$9,035$8,047$6,178
12 years$11,514$10,186$8,993$7,925$6,973$5,204
13 years$10,519$9,205$8,034$6,997$6,081$4,408
14 years$9,667$8,367$7,219$6,211$5,330$3,751
15 years$8,930$7,643$6,518$5,539$4,693$3,204
16 years$8,285$7,013$5,909$4,960$4,148$2,746
17 years$7,716$6,458$5,377$4,456$3,678$2,360
18 years$7,212$5,968$4,909$4,016$3,270$2,032
19 years$6,761$5,531$4,494$3,629$2,915$1,754
20 years$6,356$5,140$4,124$3,286$2,604$1,516
21 years$5,989$4,787$3,793$2,983$2,330$1,312
22 years$5,657$4,469$3,496$2,712$2,088$1,137
23 years$5,354$4,180$3,228$2,470$1,875$986
24 years$5,076$3,916$2,985$2,253$1,685$856
25 years$4,821$3,675$2,765$2,057$1,516$744
26 years$4,586$3,454$2,564$1,881$1,366$647
27 years$4,369$3,251$2,381$1,722$1,231$563
28 years$4,168$3,063$2,214$1,577$1,111$490
29 years$3,981$2,890$2,060$1,447$1,003$427
30 years$3,807$2,729$1,919$1,328$907$372
31 years$3,644$2,580$1,789$1,219$820$324
32 years$3,492$2,441$1,669$1,121$741$282
33 years$3,349$2,312$1,558$1,030$671$246
34 years$3,215$2,191$1,456$948$607$215
35 years$3,089$2,078$1,361$873$550$187
36 years$2,970$1,972$1,274$804$499$163
37 years$2,858$1,873$1,192$741$452$143
38 years$2,752$1,780$1,116$683$410$124
39 years$2,652$1,693$1,046$629$371$109
40 years$2,557$1,611$980$581$337$95
41 years$2,466$1,533$919$536$306$83
42 years$2,381$1,460$862$494$277$72
43 years$2,299$1,391$809$456$252$63
44 years$2,222$1,326$759$421$228$55
45 years$2,148$1,265$713$389$207$48
46 years$2,078$1,206$670$359$188$42
47 years$2,010$1,151$629$332$171$37
48 years$1,946$1,099$591$307$155$32
49 years$1,885$1,049$556$284$141$28
50 years$1,826$1,002$523$262$128$24

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 $4,743 every year, while hoping to spend $33,066 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: 41/37/22 Blend
58$1,870,000$1,870,000$1,870,000$1,870,000
59$2,065,632$1,966,522$1,937,537$2,136,769
60$2,241,145$2,027,700$1,967,263$2,249,270
61$2,433,452$2,090,767$1,996,876$2,367,444
62$2,644,230$2,155,781$2,026,338$2,494,688
63$2,875,329$2,222,802$2,055,608$2,631,850
64$3,128,784$2,291,891$2,084,642$2,779,865
65$3,406,837$2,363,110$2,113,394$2,939,759
66$3,711,956$2,436,525$2,141,815$3,112,662
67$4,046,864$2,512,202$2,169,854$3,299,817
68$4,414,554$2,590,211$2,197,454$3,502,593
69$4,818,329$2,670,621$2,224,559$3,722,495
70$5,261,824$2,753,507$2,251,107$3,961,180
71$5,749,044$2,838,943$2,277,034$4,220,473
72$6,284,402$2,927,006$2,302,270$4,502,381
73$6,872,758$3,017,777$2,326,743$4,809,116
74$7,519,468$3,111,337$2,350,378$5,143,111
75$8,230,432$3,207,771$2,373,093$5,507,047
76$9,012,150$3,307,165$2,394,805$5,903,876
77$9,871,782$3,409,609$2,415,424$6,336,848
78$10,817,219$3,515,195$2,434,856$6,809,541
79$11,857,154$3,624,018$2,453,003$7,325,898
80$13,001,165$3,736,176$2,469,759$7,890,261
81$14,259,804$3,851,769$2,485,016$8,507,412
82$15,644,698$3,970,900$2,498,659$9,182,619
83$17,168,659$4,093,676$2,510,566$9,921,683
84$18,845,803$4,220,206$2,520,610$10,730,996
85$20,691,682$4,350,604$2,528,658$11,617,600
86$22,723,435$4,484,985$2,534,569$12,589,249
87$24,959,944$4,623,468$2,538,196$13,654,490
88$27,422,017$4,766,176$2,539,384$14,822,736
89$30,132,580$4,913,237$2,537,971$16,104,358
90$33,116,897$5,064,779$2,533,787$17,510,781
91$36,402,804$5,220,936$2,526,652$19,054,596
92$40,020,975$5,381,847$2,516,380$20,749,672
93$44,005,209$5,547,652$2,502,773$22,611,290
94$48,392,752$5,718,498$2,485,627$24,656,289
95$53,224,642$5,894,535$2,464,726$26,903,221
96$58,546,104$6,075,915$2,439,843$29,372,526
97$64,406,970$6,262,799$2,410,741$32,086,729
98$70,862,154$6,455,348$2,377,173$35,070,647
99$77,972,165$6,653,732$2,338,880$38,351,626
100$85,803,682$6,858,121$2,295,589$41,959,799