Can I retire at age 59 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$156,900$155,503$154,139$152,808$151,509$147,547
2 years$77,673$76,227$74,825$73,465$72,147$68,182
3 years$51,268$49,815$48,417$47,070$45,773$41,930
4 years$38,068$36,619$35,235$33,911$32,646$28,953
5 years$30,150$28,710$27,344$26,047$24,817$21,286
6 years$24,873$23,444$22,098$20,830$19,637$16,270
7 years$21,105$19,688$18,363$17,126$15,970$12,768
8 years$18,280$16,876$15,574$14,366$13,249$10,210
9 years$16,085$14,694$13,414$12,237$11,157$8,279
10 years$14,329$12,952$11,694$10,548$9,506$6,786
11 years$12,894$11,530$10,295$9,180$8,176$5,608
12 years$11,698$10,349$9,137$8,052$7,085$4,666
13 years$10,688$9,353$8,163$7,109$6,178$3,902
14 years$9,822$8,501$7,335$6,310$5,416$3,278
15 years$9,073$7,766$6,622$5,628$4,769$2,763
16 years$8,418$7,125$6,004$5,039$4,214$2,336
17 years$7,840$6,562$5,463$4,528$3,737$1,980
18 years$7,328$6,064$4,987$4,080$3,323$1,682
19 years$6,869$5,620$4,566$3,687$2,962$1,431
20 years$6,457$5,222$4,190$3,339$2,645$1,219
21 years$6,085$4,864$3,854$3,031$2,367$1,040
22 years$5,747$4,540$3,552$2,755$2,122$888
23 years$5,439$4,247$3,280$2,509$1,905$759
24 years$5,157$3,979$3,033$2,289$1,712$649
25 years$4,898$3,734$2,809$2,090$1,541$556
26 years$4,660$3,509$2,606$1,911$1,388$476
27 years$4,439$3,303$2,420$1,749$1,251$408
28 years$4,235$3,112$2,249$1,603$1,129$349
29 years$4,045$2,936$2,093$1,470$1,019$300
30 years$3,868$2,773$1,950$1,349$921$257
31 years$3,702$2,621$1,818$1,239$833$220
32 years$3,548$2,480$1,696$1,139$753$189
33 years$3,403$2,349$1,583$1,047$682$162
34 years$3,266$2,226$1,479$963$617$139
35 years$3,138$2,111$1,383$887$559$120
36 years$3,018$2,004$1,294$817$507$103
37 years$2,904$1,903$1,211$752$459$88
38 years$2,796$1,809$1,134$694$416$76
39 years$2,694$1,720$1,063$640$377$65
40 years$2,598$1,636$996$590$342$56
41 years$2,506$1,558$934$544$311$48
42 years$2,419$1,484$876$502$282$41
43 years$2,336$1,414$822$464$256$35
44 years$2,257$1,347$772$428$232$30
45 years$2,182$1,285$725$395$211$26
46 years$2,111$1,226$681$365$191$22
47 years$2,043$1,170$639$337$174$19
48 years$1,977$1,117$601$312$158$17
49 years$1,915$1,066$565$288$143$14
50 years$1,855$1,019$531$266$130$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,900,000, adding $5,625 every year, while hoping to spend $45,356 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: 77/9/14 Blend
58$1,900,000$1,900,000$1,900,000$1,900,000
59$2,099,602$1,998,902$1,969,452$2,254,764
60$2,265,503$2,048,590$1,987,170$2,407,530
61$2,446,806$2,099,192$2,003,962$2,568,713
62$2,645,034$2,150,706$2,019,748$2,744,202
63$2,861,863$2,203,127$2,034,446$2,935,408
64$3,099,141$2,256,448$2,047,967$3,143,884
65$3,358,900$2,310,660$2,060,221$3,371,342
66$3,643,379$2,365,754$2,071,110$3,619,667
67$3,955,044$2,421,717$2,080,533$3,890,934
68$4,296,610$2,478,532$2,088,382$4,187,432
69$4,671,068$2,536,184$2,094,547$4,511,680
70$5,081,711$2,594,651$2,098,908$4,866,454
71$5,532,167$2,653,910$2,101,342$5,254,813
72$6,026,431$2,713,935$2,101,720$5,680,124
73$6,568,904$2,774,695$2,099,905$6,146,102
74$7,164,435$2,836,157$2,095,754$6,656,835
75$7,818,363$2,898,285$2,089,118$7,216,830
76$8,536,571$2,961,036$2,079,838$7,831,052
77$9,325,539$3,024,365$2,067,751$8,504,972
78$10,192,407$3,088,221$2,052,684$9,244,618
79$11,145,039$3,152,550$2,034,455$10,056,633
80$12,192,099$3,217,291$2,012,875$10,948,335
81$13,343,132$3,282,378$1,987,745$11,927,789
82$14,608,655$3,347,738$1,958,858$13,003,883
83$16,000,254$3,413,293$1,925,996$14,186,408
84$17,530,693$3,478,958$1,888,931$15,486,155
85$19,214,038$3,544,641$1,847,424$16,915,016
86$21,065,783$3,610,241$1,801,226$18,486,094
87$23,103,001$3,675,651$1,750,075$20,213,828
88$25,344,503$3,740,755$1,693,699$22,114,130
89$27,811,016$3,805,425$1,631,811$24,204,533
90$30,525,377$3,869,528$1,564,114$26,504,361
91$33,512,748$3,932,917$1,490,294$29,034,906
92$36,800,855$3,995,437$1,410,026$31,819,633
93$40,420,248$4,056,919$1,322,967$34,884,400
94$44,404,588$4,117,183$1,228,762$38,257,703
95$48,790,968$4,176,037$1,127,038$41,970,942
96$53,620,258$4,233,274$1,017,404$46,058,722
97$58,937,492$4,288,672$899,455$50,559,179
98$64,792,295$4,341,996$772,766$55,514,337
99$71,239,349$4,392,993$636,893$60,970,508
100$78,338,906$4,441,394$491,373$66,978,727