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%16.1%
1 years$155,249$153,866$152,517$151,200$149,914$146,171
2 years$76,856$75,424$74,037$72,692$71,388$67,640
3 years$50,728$49,291$47,907$46,575$45,291$41,657
4 years$37,667$36,234$34,864$33,554$32,302$28,809
5 years$29,832$28,408$27,056$25,773$24,556$21,213
6 years$24,611$23,197$21,865$20,611$19,430$16,241
7 years$20,883$19,481$18,170$16,945$15,802$12,767
8 years$18,088$16,699$15,410$14,215$13,109$10,227
9 years$15,915$14,539$13,272$12,108$11,040$8,308
10 years$14,178$12,816$11,571$10,437$9,406$6,822
11 years$12,758$11,409$10,187$9,084$8,090$5,649
12 years$11,575$10,240$9,041$7,967$7,010$4,709
13 years$10,575$9,254$8,077$7,034$6,113$3,946
14 years$9,719$8,412$7,257$6,244$5,359$3,322
15 years$8,977$7,684$6,553$5,569$4,718$2,806
16 years$8,329$7,050$5,941$4,986$4,170$2,378
17 years$7,758$6,493$5,406$4,480$3,697$2,020
18 years$7,250$6,000$4,935$4,037$3,288$1,719
19 years$6,797$5,560$4,518$3,648$2,930$1,466
20 years$6,390$5,167$4,146$3,304$2,617$1,252
21 years$6,021$4,813$3,814$2,999$2,342$1,070
22 years$5,687$4,493$3,515$2,726$2,100$916
23 years$5,382$4,202$3,245$2,483$1,885$785
24 years$5,103$3,937$3,001$2,265$1,694$673
25 years$4,847$3,695$2,780$2,068$1,524$577
26 years$4,611$3,472$2,578$1,891$1,373$496
27 years$4,392$3,268$2,394$1,731$1,238$426
28 years$4,190$3,079$2,226$1,586$1,117$366
29 years$4,002$2,905$2,071$1,454$1,009$314
30 years$3,827$2,743$1,929$1,335$911$270
31 years$3,663$2,593$1,799$1,226$824$232
32 years$3,510$2,454$1,678$1,127$745$200
33 years$3,367$2,324$1,567$1,036$675$172
34 years$3,232$2,203$1,464$953$611$148
35 years$3,105$2,089$1,369$877$553$127
36 years$2,986$1,983$1,280$808$501$110
37 years$2,873$1,883$1,198$745$454$94
38 years$2,767$1,790$1,122$686$412$81
39 years$2,666$1,702$1,051$633$373$70
40 years$2,570$1,619$985$584$339$60
41 years$2,480$1,541$924$538$307$52
42 years$2,394$1,468$867$497$279$45
43 years$2,312$1,399$813$459$253$38
44 years$2,234$1,333$764$424$230$33
45 years$2,159$1,271$717$391$209$28
46 years$2,089$1,213$673$361$189$25
47 years$2,021$1,157$633$334$172$21
48 years$1,956$1,105$594$308$156$18
49 years$1,895$1,055$559$285$142$16
50 years$1,836$1,008$525$264$129$13

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 $6,386 every year, while hoping to spend $45,479 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: 81/12/7 Blend
58$1,880,000$1,880,000$1,880,000$1,880,000
59$2,078,347$1,978,707$1,949,567$2,244,697
60$2,241,949$2,027,275$1,966,488$2,403,064
61$2,420,715$2,076,697$1,982,452$2,570,148
62$2,616,142$2,126,970$1,997,378$2,752,141
63$2,829,880$2,178,084$2,011,183$2,950,509
64$3,063,748$2,230,029$2,023,777$3,166,865
65$3,319,744$2,282,794$2,035,067$3,402,988
66$3,600,072$2,336,365$2,044,956$3,660,835
67$3,907,157$2,390,725$2,053,340$3,942,561
68$4,243,671$2,445,855$2,060,111$4,250,542
69$4,612,556$2,501,732$2,065,155$4,587,393
70$5,017,052$2,558,333$2,068,354$4,955,993
71$5,460,728$2,615,628$2,069,580$5,359,518
72$5,947,516$2,673,587$2,068,704$5,801,461
73$6,481,744$2,732,174$2,065,588$6,285,674
74$7,068,182$2,791,351$2,060,085$6,816,399
75$7,712,084$2,851,074$2,052,045$7,398,309
76$8,419,237$2,911,297$2,041,309$8,036,552
77$9,196,015$2,971,967$2,027,709$8,736,801
78$10,049,443$3,033,028$2,011,072$9,505,305
79$10,987,256$3,094,416$1,991,213$10,348,948
80$12,017,979$3,156,065$1,967,941$11,275,318
81$13,151,001$3,217,901$1,941,055$12,292,773
82$14,396,668$3,279,842$1,910,345$13,410,521
83$15,766,377$3,341,803$1,875,591$14,638,710
84$17,272,685$3,403,690$1,836,561$15,988,521
85$18,929,429$3,465,401$1,793,016$17,472,272
86$20,751,851$3,526,825$1,744,702$19,103,540
87$22,756,745$3,587,846$1,691,355$20,897,281
88$24,962,618$3,648,334$1,632,700$22,869,978
89$27,389,857$3,708,155$1,568,447$25,039,792
90$30,060,927$3,767,160$1,498,295$27,426,735
91$33,000,582$3,825,191$1,421,929$30,052,861
92$36,236,095$3,882,079$1,339,017$32,942,470
93$39,797,518$3,937,642$1,249,215$36,122,339
94$43,717,965$3,991,686$1,152,164$39,621,975
95$48,033,922$4,044,003$1,047,485$43,473,895
96$52,785,593$4,094,370$934,787$47,713,928
97$58,017,279$4,142,550$813,658$52,381,561
98$63,777,795$4,188,289$683,670$57,520,303
99$70,120,931$4,231,316$544,373$63,178,101
100$77,105,957$4,271,341$395,301$69,407,793