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%17.8%
1 years$155,249$153,866$152,517$151,200$149,914$145,173
2 years$76,856$75,424$74,037$72,692$71,388$66,654
3 years$50,728$49,291$47,907$46,575$45,291$40,714
4 years$37,667$36,234$34,864$33,554$32,302$27,916
5 years$29,832$28,408$27,056$25,773$24,556$20,372
6 years$24,611$23,197$21,865$20,611$19,430$15,453
7 years$20,883$19,481$18,170$16,945$15,802$12,031
8 years$18,088$16,699$15,410$14,215$13,109$9,542
9 years$15,915$14,539$13,272$12,108$11,040$7,672
10 years$14,178$12,816$11,571$10,437$9,406$6,233
11 years$12,758$11,409$10,187$9,084$8,090$5,105
12 years$11,575$10,240$9,041$7,967$7,010$4,208
13 years$10,575$9,254$8,077$7,034$6,113$3,486
14 years$9,719$8,412$7,257$6,244$5,359$2,900
15 years$8,977$7,684$6,553$5,569$4,718$2,421
16 years$8,329$7,050$5,941$4,986$4,170$2,027
17 years$7,758$6,493$5,406$4,480$3,697$1,700
18 years$7,250$6,000$4,935$4,037$3,288$1,429
19 years$6,797$5,560$4,518$3,648$2,930$1,203
20 years$6,390$5,167$4,146$3,304$2,617$1,014
21 years$6,021$4,813$3,814$2,999$2,342$856
22 years$5,687$4,493$3,515$2,726$2,100$723
23 years$5,382$4,202$3,245$2,483$1,885$611
24 years$5,103$3,937$3,001$2,265$1,694$517
25 years$4,847$3,695$2,780$2,068$1,524$437
26 years$4,611$3,472$2,578$1,891$1,373$370
27 years$4,392$3,268$2,394$1,731$1,238$314
28 years$4,190$3,079$2,226$1,586$1,117$266
29 years$4,002$2,905$2,071$1,454$1,009$225
30 years$3,827$2,743$1,929$1,335$911$191
31 years$3,663$2,593$1,799$1,226$824$162
32 years$3,510$2,454$1,678$1,127$745$137
33 years$3,367$2,324$1,567$1,036$675$117
34 years$3,232$2,203$1,464$953$611$99
35 years$3,105$2,089$1,369$877$553$84
36 years$2,986$1,983$1,280$808$501$71
37 years$2,873$1,883$1,198$745$454$60
38 years$2,767$1,790$1,122$686$412$51
39 years$2,666$1,702$1,051$633$373$43
40 years$2,570$1,619$985$584$339$37
41 years$2,480$1,541$924$538$307$31
42 years$2,394$1,468$867$497$279$27
43 years$2,312$1,399$813$459$253$23
44 years$2,234$1,333$764$424$230$19
45 years$2,159$1,271$717$391$209$16
46 years$2,089$1,213$673$361$189$14
47 years$2,021$1,157$633$334$172$12
48 years$1,956$1,105$594$308$156$10
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$7

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 $3,918 every year, while hoping to spend $50,741 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: 65/9/26 Blend
58$1,880,000$1,880,000$1,880,000$1,880,000
59$2,075,801$1,976,161$1,947,021$2,196,329
60$2,233,545$2,019,005$1,958,259$2,320,994
61$2,405,678$2,062,248$1,968,172$2,451,174
62$2,593,614$2,105,855$1,976,663$2,592,331
63$2,798,911$2,149,790$1,983,628$2,745,548
64$3,023,281$2,194,011$1,988,961$2,912,021
65$3,268,612$2,238,473$1,992,547$3,093,065
66$3,536,980$2,283,129$1,994,268$3,290,133
67$3,830,674$2,327,924$1,993,998$3,504,825
68$4,152,211$2,372,801$1,991,605$3,738,904
69$4,504,366$2,417,697$1,986,953$3,994,315
70$4,890,192$2,462,545$1,979,897$4,273,199
71$5,313,054$2,507,272$1,970,286$4,577,919
72$5,776,655$2,551,798$1,957,960$4,911,078
73$6,285,077$2,596,039$1,942,755$5,275,547
74$6,842,812$2,639,902$1,924,494$5,674,489
75$7,454,811$2,683,290$1,902,997$6,111,392
76$8,126,526$2,726,095$1,878,072$6,590,100
77$8,863,963$2,768,205$1,849,518$7,114,851
78$9,673,736$2,809,496$1,817,126$7,690,315
79$10,563,135$2,849,839$1,780,678$8,321,642
80$11,540,187$2,889,093$1,739,942$9,014,508
81$12,613,736$2,927,108$1,694,680$9,775,169
82$13,793,524$2,963,725$1,644,640$10,610,521
83$15,090,287$2,998,770$1,589,558$11,528,167
84$16,515,849$3,032,063$1,529,161$12,536,487
85$18,083,239$3,063,407$1,463,161$13,644,716
86$19,806,809$3,092,594$1,391,257$14,863,037
87$21,702,375$3,119,402$1,313,135$16,202,673
88$23,787,359$3,143,595$1,228,468$17,675,992
89$26,080,960$3,164,921$1,136,911$19,296,631
90$28,604,327$3,183,111$1,038,106$21,079,618
91$31,380,765$3,197,881$931,680$23,041,520
92$34,435,952$3,208,926$817,241$25,200,596
93$37,798,181$3,215,924$694,379$27,576,971
94$41,498,624$3,218,533$562,670$30,192,829
95$45,571,630$3,216,389$421,666$33,072,620
96$50,055,048$3,209,103$270,904$36,243,293
97$54,990,581$3,196,267$109,897$39,734,551
98$60,424,180$3,177,444$0$43,579,134
99$66,406,481$3,152,173$0$47,830,304
100$72,993,275$3,119,963$0$52,544,304