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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$155,249$153,866$152,517$151,200$149,914$148,969
2 years$76,856$75,424$74,037$72,692$71,388$70,435
3 years$50,728$49,291$47,907$46,575$45,291$44,359
4 years$37,667$36,234$34,864$33,554$32,302$31,399
5 years$29,832$28,408$27,056$25,773$24,556$23,683
6 years$24,611$23,197$21,865$20,611$19,430$18,590
7 years$20,883$19,481$18,170$16,945$15,802$14,994
8 years$18,088$16,699$15,410$14,215$13,109$12,334
9 years$15,915$14,539$13,272$12,108$11,040$10,298
10 years$14,178$12,816$11,571$10,437$9,406$8,696
11 years$12,758$11,409$10,187$9,084$8,090$7,411
12 years$11,575$10,240$9,041$7,967$7,010$6,363
13 years$10,575$9,254$8,077$7,034$6,113$5,496
14 years$9,719$8,412$7,257$6,244$5,359$4,771
15 years$8,977$7,684$6,553$5,569$4,718$4,160
16 years$8,329$7,050$5,941$4,986$4,170$3,640
17 years$7,758$6,493$5,406$4,480$3,697$3,194
18 years$7,250$6,000$4,935$4,037$3,288$2,811
19 years$6,797$5,560$4,518$3,648$2,930$2,479
20 years$6,390$5,167$4,146$3,304$2,617$2,191
21 years$6,021$4,813$3,814$2,999$2,342$1,939
22 years$5,687$4,493$3,515$2,726$2,100$1,719
23 years$5,382$4,202$3,245$2,483$1,885$1,526
24 years$5,103$3,937$3,001$2,265$1,694$1,356
25 years$4,847$3,695$2,780$2,068$1,524$1,206
26 years$4,611$3,472$2,578$1,891$1,373$1,074
27 years$4,392$3,268$2,394$1,731$1,238$957
28 years$4,190$3,079$2,226$1,586$1,117$854
29 years$4,002$2,905$2,071$1,454$1,009$762
30 years$3,827$2,743$1,929$1,335$911$680
31 years$3,663$2,593$1,799$1,226$824$607
32 years$3,510$2,454$1,678$1,127$745$543
33 years$3,367$2,324$1,567$1,036$675$485
34 years$3,232$2,203$1,464$953$611$434
35 years$3,105$2,089$1,369$877$553$388
36 years$2,986$1,983$1,280$808$501$347
37 years$2,873$1,883$1,198$745$454$311
38 years$2,767$1,790$1,122$686$412$278
39 years$2,666$1,702$1,051$633$373$249
40 years$2,570$1,619$985$584$339$223
41 years$2,480$1,541$924$538$307$200
42 years$2,394$1,468$867$497$279$179
43 years$2,312$1,399$813$459$253$160
44 years$2,234$1,333$764$424$230$144
45 years$2,159$1,271$717$391$209$129
46 years$2,089$1,213$673$361$189$115
47 years$2,021$1,157$633$334$172$103
48 years$1,956$1,105$594$308$156$93
49 years$1,895$1,055$559$285$142$83
50 years$1,836$1,008$525$264$129$74

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 $4,068 every year, while hoping to spend $38,801 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: 37/38/25 Blend
58$1,880,000$1,880,000$1,880,000$1,880,000
59$2,075,956$1,976,316$1,947,176$2,137,079
60$2,246,420$2,031,872$1,971,123$2,237,861
61$2,432,970$2,088,849$1,994,571$2,342,780
62$2,637,207$2,147,277$2,017,463$2,455,348
63$2,860,893$2,207,184$2,039,739$2,576,279
64$3,105,967$2,268,599$2,061,333$2,706,359
65$3,374,567$2,331,552$2,082,179$2,846,453
66$3,669,045$2,396,070$2,102,204$2,997,514
67$3,991,994$2,462,184$2,121,334$3,160,591
68$4,346,268$2,529,921$2,139,489$3,336,840
69$4,735,011$2,599,311$2,156,586$3,527,531
70$5,161,686$2,670,381$2,172,536$3,734,067
71$5,630,109$2,743,161$2,187,247$3,957,989
72$6,144,483$2,817,678$2,200,622$4,200,997
73$6,709,435$2,893,960$2,212,558$4,464,964
74$7,330,066$2,972,033$2,222,948$4,751,953
75$8,011,995$3,051,924$2,231,678$5,064,234
76$8,761,409$3,133,659$2,238,630$5,404,311
77$9,585,127$3,217,263$2,243,679$5,774,943
78$10,490,662$3,302,760$2,246,693$6,179,169
79$11,486,288$3,390,174$2,247,536$6,620,335
80$12,581,124$3,479,527$2,246,063$7,102,133
81$13,785,215$3,570,840$2,242,123$7,628,626
82$15,109,629$3,664,134$2,235,556$8,204,296
83$16,566,560$3,759,425$2,226,196$8,834,079
84$18,169,445$3,856,733$2,213,869$9,523,414
85$19,933,086$3,956,070$2,198,392$10,278,298
86$21,873,795$4,057,452$2,179,572$11,105,335
87$24,009,544$4,160,889$2,157,209$12,011,808
88$26,360,134$4,266,389$2,131,093$13,005,739
89$28,947,386$4,373,960$2,101,002$14,095,971
90$31,795,340$4,483,606$2,066,707$15,292,249
91$34,930,489$4,595,326$2,027,966$16,605,312
92$38,382,021$4,709,120$1,984,525$18,046,997
93$42,182,102$4,824,981$1,936,121$19,630,347
94$46,366,172$4,942,900$1,882,477$21,369,738
95$50,973,284$5,062,865$1,823,302$23,281,015
96$56,046,471$5,184,857$1,758,295$25,381,637
97$61,633,151$5,308,856$1,687,138$27,690,851
98$67,785,576$5,434,833$1,609,500$30,229,863
99$74,561,322$5,562,757$1,525,036$33,022,049
100$82,023,835$5,692,591$1,433,383$36,093,170