Can I retire at age 59 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$155,249$153,866$152,517$151,200$149,914$149,032
2 years$76,856$75,424$74,037$72,692$71,388$70,497
3 years$50,728$49,291$47,907$46,575$45,291$44,421
4 years$37,667$36,234$34,864$33,554$32,302$31,458
5 years$29,832$28,408$27,056$25,773$24,556$23,740
6 years$24,611$23,197$21,865$20,611$19,430$18,645
7 years$20,883$19,481$18,170$16,945$15,802$15,047
8 years$18,088$16,699$15,410$14,215$13,109$12,385
9 years$15,915$14,539$13,272$12,108$11,040$10,346
10 years$14,178$12,816$11,571$10,437$9,406$8,742
11 years$12,758$11,409$10,187$9,084$8,090$7,455
12 years$11,575$10,240$9,041$7,967$7,010$6,404
13 years$10,575$9,254$8,077$7,034$6,113$5,536
14 years$9,719$8,412$7,257$6,244$5,359$4,809
15 years$8,977$7,684$6,553$5,569$4,718$4,195
16 years$8,329$7,050$5,941$4,986$4,170$3,673
17 years$7,758$6,493$5,406$4,480$3,697$3,226
18 years$7,250$6,000$4,935$4,037$3,288$2,840
19 years$6,797$5,560$4,518$3,648$2,930$2,507
20 years$6,390$5,167$4,146$3,304$2,617$2,217
21 years$6,021$4,813$3,814$2,999$2,342$1,964
22 years$5,687$4,493$3,515$2,726$2,100$1,742
23 years$5,382$4,202$3,245$2,483$1,885$1,548
24 years$5,103$3,937$3,001$2,265$1,694$1,376
25 years$4,847$3,695$2,780$2,068$1,524$1,225
26 years$4,611$3,472$2,578$1,891$1,373$1,092
27 years$4,392$3,268$2,394$1,731$1,238$974
28 years$4,190$3,079$2,226$1,586$1,117$869
29 years$4,002$2,905$2,071$1,454$1,009$776
30 years$3,827$2,743$1,929$1,335$911$693
31 years$3,663$2,593$1,799$1,226$824$620
32 years$3,510$2,454$1,678$1,127$745$554
33 years$3,367$2,324$1,567$1,036$675$496
34 years$3,232$2,203$1,464$953$611$444
35 years$3,105$2,089$1,369$877$553$397
36 years$2,986$1,983$1,280$808$501$356
37 years$2,873$1,883$1,198$745$454$319
38 years$2,767$1,790$1,122$686$412$286
39 years$2,666$1,702$1,051$633$373$256
40 years$2,570$1,619$985$584$339$229
41 years$2,480$1,541$924$538$307$206
42 years$2,394$1,468$867$497$279$184
43 years$2,312$1,399$813$459$253$165
44 years$2,234$1,333$764$424$230$148
45 years$2,159$1,271$717$391$209$133
46 years$2,089$1,213$673$361$189$119
47 years$2,021$1,157$633$334$172$107
48 years$1,956$1,105$594$308$156$96
49 years$1,895$1,055$559$285$142$86
50 years$1,836$1,008$525$264$129$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,880,000, adding $5,416 every year, while hoping to spend $52,079 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: 22/48/30 Blend
58$1,880,000$1,880,000$1,880,000$1,880,000
59$2,077,347$1,977,707$1,948,567$2,103,287
60$2,233,824$2,019,203$1,958,432$2,168,593
61$2,404,517$2,060,986$1,966,882$2,233,732
62$2,590,820$2,103,017$1,973,815$2,302,313
63$2,794,269$2,145,250$1,979,123$2,374,653
64$3,016,554$2,187,637$1,982,694$2,451,100
65$3,259,537$2,230,125$1,984,407$2,532,044
66$3,525,265$2,272,656$1,984,140$2,617,914
67$3,815,995$2,315,169$1,981,762$2,709,185
68$4,134,210$2,357,597$1,977,135$2,806,384
69$4,482,647$2,399,866$1,970,116$2,910,091
70$4,864,317$2,441,900$1,960,555$3,020,952
71$5,282,537$2,483,612$1,948,293$3,139,680
72$5,740,960$2,524,914$1,933,166$3,267,064
73$6,243,610$2,565,707$1,914,999$3,403,975
74$6,794,918$2,605,886$1,893,611$3,551,381
75$7,399,765$2,645,340$1,868,812$3,710,348
76$8,063,526$2,683,947$1,840,403$3,882,057
77$8,792,125$2,721,579$1,808,176$4,067,816
78$9,592,083$2,758,099$1,771,911$4,269,067
79$10,470,587$2,793,357$1,731,381$4,487,410
80$11,435,552$2,827,196$1,686,348$4,724,608
81$12,495,697$2,859,448$1,636,559$4,982,614
82$13,660,630$2,889,932$1,581,755$5,263,585
83$14,940,932$2,918,457$1,521,662$5,569,906
84$16,348,263$2,944,817$1,455,994$5,904,211
85$17,895,467$2,968,795$1,384,451$6,269,413
86$19,596,697$2,990,157$1,306,722$6,668,727
87$21,467,542$3,008,657$1,222,479$7,105,710
88$23,525,181$3,024,031$1,131,382$7,584,286
89$25,788,539$3,035,998$1,033,073$8,108,793
90$28,278,470$3,044,262$927,181$8,684,021
91$31,017,947$3,048,504$813,315$9,315,260
92$34,032,286$3,048,389$691,070$10,008,352
93$37,349,379$3,043,560$560,020$10,769,748
94$40,999,958$3,033,637$419,723$11,606,570
95$45,017,886$3,018,217$269,715$12,526,683
96$49,440,474$2,996,873$109,515$13,538,768
97$54,308,835$2,969,153$0$14,652,407
98$59,668,270$2,934,575$0$15,897,849
99$65,568,695$2,892,631$0$17,305,787
100$72,065,113$2,842,781$0$18,854,192