Can I retire at age 59 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$156,074$154,684$153,328$152,004$150,711$147,128
2 years$77,265$75,826$74,431$73,079$71,767$68,178
3 years$50,998$49,553$48,162$46,822$45,532$42,049
4 years$37,867$36,427$35,049$33,733$32,474$29,124
5 years$29,991$28,559$27,200$25,910$24,686$21,479
6 years$24,742$23,320$21,981$20,720$19,533$16,471
7 years$20,994$19,585$18,267$17,035$15,886$12,970
8 years$18,184$16,788$15,492$14,291$13,179$10,408
9 years$16,000$14,617$13,343$12,172$11,098$8,471
10 years$14,254$12,884$11,633$10,493$9,456$6,968
11 years$12,826$11,470$10,241$9,132$8,133$5,781
12 years$11,637$10,295$9,089$8,010$7,048$4,828
13 years$10,632$9,303$8,120$7,071$6,146$4,055
14 years$9,771$8,456$7,296$6,277$5,387$3,420
15 years$9,025$7,725$6,587$5,598$4,743$2,895
16 years$8,373$7,088$5,972$5,013$4,192$2,459
17 years$7,799$6,527$5,435$4,504$3,717$2,093
18 years$7,289$6,032$4,961$4,059$3,305$1,785
19 years$6,833$5,590$4,542$3,667$2,946$1,526
20 years$6,424$5,195$4,168$3,322$2,631$1,306
21 years$6,053$4,839$3,834$3,015$2,355$1,119
22 years$5,717$4,517$3,534$2,741$2,111$960
23 years$5,411$4,224$3,263$2,496$1,895$825
24 years$5,130$3,958$3,017$2,277$1,703$709
25 years$4,873$3,714$2,795$2,079$1,532$609
26 years$4,635$3,491$2,592$1,901$1,380$524
27 years$4,416$3,285$2,407$1,740$1,245$451
28 years$4,212$3,096$2,237$1,594$1,123$389
29 years$4,023$2,920$2,082$1,462$1,014$335
30 years$3,847$2,758$1,939$1,342$916$289
31 years$3,683$2,607$1,808$1,232$828$249
32 years$3,529$2,467$1,687$1,133$749$215
33 years$3,385$2,336$1,575$1,041$678$185
34 years$3,249$2,214$1,472$958$614$160
35 years$3,122$2,100$1,376$882$556$138
36 years$3,002$1,993$1,287$812$504$119
37 years$2,888$1,893$1,205$749$457$103
38 years$2,781$1,799$1,128$690$414$89
39 years$2,680$1,711$1,057$636$375$76
40 years$2,584$1,628$991$587$341$66
41 years$2,493$1,550$929$541$309$57
42 years$2,406$1,476$871$500$280$49
43 years$2,324$1,406$818$461$254$42
44 years$2,246$1,340$768$426$231$37
45 years$2,171$1,278$721$393$210$32
46 years$2,100$1,219$677$363$190$27
47 years$2,032$1,164$636$336$173$24
48 years$1,967$1,111$598$310$157$20
49 years$1,905$1,061$562$287$143$18
50 years$1,845$1,013$528$265$129$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,890,000, adding $6,641 every year, while hoping to spend $44,057 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: 65/24/11 Blend
58$1,890,000$1,890,000$1,890,000$1,890,000
59$2,089,630$1,989,460$1,960,165$2,219,950
60$2,255,896$2,040,067$1,978,954$2,358,315
61$2,437,645$2,091,678$1,996,896$2,503,655
62$2,636,408$2,144,294$2,013,916$2,661,336
63$2,853,875$2,197,917$2,029,936$2,832,557
64$3,091,902$2,252,548$2,044,871$3,018,640
65$3,352,537$2,308,183$2,058,635$3,221,041
66$3,638,032$2,364,820$2,071,135$3,441,362
67$3,950,869$2,422,454$2,082,276$3,681,369
68$4,293,781$2,481,078$2,091,955$3,943,007
69$4,669,778$2,540,681$2,100,067$4,228,415
70$5,082,174$2,601,253$2,106,497$4,539,955
71$5,534,620$2,662,780$2,111,130$4,880,224
72$6,031,140$2,725,244$2,113,841$5,252,085
73$6,576,162$2,788,627$2,114,501$5,658,691
74$7,174,567$2,852,906$2,112,973$6,103,518
75$7,831,729$2,918,055$2,109,114$6,590,393
76$8,553,571$2,984,045$2,102,774$7,123,534
77$9,346,615$3,050,843$2,093,797$7,707,586
78$10,218,048$3,118,412$2,082,018$8,347,670
79$11,175,786$3,186,712$2,067,263$9,049,427
80$12,228,552$3,255,697$2,049,352$9,819,072
81$13,385,955$3,325,316$2,028,095$10,663,455
82$14,658,580$3,395,515$2,003,295$11,590,121
83$16,058,092$3,466,231$1,974,742$12,607,388
84$17,597,340$3,537,400$1,942,219$13,724,418
85$19,290,484$3,608,948$1,905,498$14,951,309
86$21,153,122$3,680,795$1,864,341$16,299,188
87$23,202,442$3,752,855$1,818,498$17,780,317
88$25,457,381$3,825,035$1,767,707$19,408,206
89$27,938,805$3,897,233$1,711,697$21,197,747
90$30,669,704$3,969,339$1,650,180$23,165,347
91$33,675,412$4,041,234$1,582,858$25,329,088
92$36,983,839$4,112,790$1,509,420$27,708,896
93$40,625,743$4,183,868$1,429,537$30,326,730
94$44,635,011$4,254,320$1,342,869$33,206,790
95$49,048,986$4,323,986$1,249,059$36,375,741
96$53,908,815$4,392,694$1,147,735$39,862,972
97$59,259,836$4,460,258$1,038,506$43,700,870
98$65,152,010$4,526,481$920,967$47,925,124
99$71,640,387$4,591,151$794,691$52,575,066
100$78,785,629$4,654,040$659,236$57,694,041