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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$154,423$153,047$151,705$150,395$149,116$146,949
2 years$76,447$75,023$73,643$72,306$71,008$68,828
3 years$50,458$49,028$47,652$46,327$45,050$42,927
4 years$37,467$36,041$34,679$33,376$32,130$30,079
5 years$29,674$28,257$26,912$25,636$24,425$22,452
6 years$24,480$23,074$21,749$20,501$19,327$17,435
7 years$20,772$19,377$18,073$16,855$15,718$13,907
8 years$17,992$16,610$15,328$14,139$13,039$11,310
9 years$15,831$14,462$13,202$12,044$10,981$9,332
10 years$14,103$12,747$11,510$10,382$9,356$7,786
11 years$12,690$11,348$10,133$9,035$8,047$6,554
12 years$11,514$10,186$8,993$7,925$6,973$5,556
13 years$10,519$9,205$8,034$6,997$6,081$4,738
14 years$9,667$8,367$7,219$6,211$5,330$4,059
15 years$8,930$7,643$6,518$5,539$4,693$3,491
16 years$8,285$7,013$5,909$4,960$4,148$3,013
17 years$7,716$6,458$5,377$4,456$3,678$2,607
18 years$7,212$5,968$4,909$4,016$3,270$2,262
19 years$6,761$5,531$4,494$3,629$2,915$1,966
20 years$6,356$5,140$4,124$3,286$2,604$1,712
21 years$5,989$4,787$3,793$2,983$2,330$1,493
22 years$5,657$4,469$3,496$2,712$2,088$1,304
23 years$5,354$4,180$3,228$2,470$1,875$1,140
24 years$5,076$3,916$2,985$2,253$1,685$997
25 years$4,821$3,675$2,765$2,057$1,516$874
26 years$4,586$3,454$2,564$1,881$1,366$766
27 years$4,369$3,251$2,381$1,722$1,231$672
28 years$4,168$3,063$2,214$1,577$1,111$589
29 years$3,981$2,890$2,060$1,447$1,003$517
30 years$3,807$2,729$1,919$1,328$907$454
31 years$3,644$2,580$1,789$1,219$820$399
32 years$3,492$2,441$1,669$1,121$741$351
33 years$3,349$2,312$1,558$1,030$671$309
34 years$3,215$2,191$1,456$948$607$271
35 years$3,089$2,078$1,361$873$550$239
36 years$2,970$1,972$1,274$804$499$210
37 years$2,858$1,873$1,192$741$452$185
38 years$2,752$1,780$1,116$683$410$163
39 years$2,652$1,693$1,046$629$371$143
40 years$2,557$1,611$980$581$337$126
41 years$2,466$1,533$919$536$306$111
42 years$2,381$1,460$862$494$277$98
43 years$2,299$1,391$809$456$252$86
44 years$2,222$1,326$759$421$228$76
45 years$2,148$1,265$713$389$207$67
46 years$2,078$1,206$670$359$188$59
47 years$2,010$1,151$629$332$171$52
48 years$1,946$1,099$591$307$155$46
49 years$1,885$1,049$556$284$141$40
50 years$1,826$1,002$523$262$128$35

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 $6,637 every year, while hoping to spend $32,009 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: 81/7/12 Blend
58$1,870,000$1,870,000$1,870,000$1,870,000
59$2,067,586$1,968,476$1,939,491$2,230,033
60$2,244,423$2,030,874$1,970,407$2,399,981
61$2,438,223$2,095,257$2,001,285$2,581,625
62$2,650,686$2,161,688$2,032,091$2,780,071
63$2,883,677$2,230,232$2,062,788$2,996,988
64$3,139,257$2,300,958$2,093,336$3,234,211
65$3,419,691$2,373,935$2,123,693$3,493,765
66$3,727,476$2,449,235$2,153,814$3,777,878
67$4,065,364$2,526,932$2,183,651$4,089,006
68$4,436,383$2,607,104$2,213,156$4,429,851
69$4,843,871$2,689,829$2,242,273$4,803,392
70$5,291,505$2,775,189$2,270,948$5,212,911
71$5,783,334$2,863,270$2,299,121$5,662,022
72$6,323,822$2,954,157$2,326,729$6,154,705
73$6,917,882$3,047,941$2,353,705$6,695,347
74$7,570,931$3,144,715$2,379,979$7,288,781
75$8,288,934$3,244,575$2,405,477$7,940,330
76$9,078,466$3,347,620$2,430,121$8,655,858
77$9,946,768$3,453,951$2,453,828$9,441,829
78$10,901,819$3,563,676$2,476,512$10,305,361
79$11,952,411$3,676,902$2,498,082$11,254,298
80$13,108,229$3,793,742$2,518,439$12,297,283
81$14,379,946$3,914,313$2,537,484$13,443,838
82$15,779,320$4,038,734$2,555,110$14,704,454
83$17,319,307$4,167,129$2,571,203$16,090,693
84$19,014,185$4,299,626$2,585,646$17,615,292
85$20,879,681$4,436,357$2,598,315$19,292,286
86$22,933,128$4,577,458$2,609,078$21,137,140
87$25,193,625$4,723,071$2,617,799$23,166,895
88$27,682,213$4,873,340$2,624,334$25,400,326
89$30,422,081$5,028,416$2,628,532$27,858,125
90$33,438,778$5,188,453$2,630,233$30,563,090
91$36,760,458$5,353,613$2,629,270$33,540,341
92$40,418,144$5,524,058$2,625,470$36,817,562
93$44,446,019$5,699,962$2,618,648$40,425,255
94$48,881,752$5,881,499$2,608,611$44,397,034
95$53,766,851$6,068,853$2,595,160$48,769,937
96$59,147,053$6,262,210$2,578,081$53,584,779
97$65,072,759$6,461,765$2,557,153$58,886,536
98$71,599,508$6,667,718$2,532,145$64,724,768
99$78,788,498$6,880,278$2,502,813$71,154,089
100$86,707,170$7,099,656$2,468,902$78,234,681