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

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$156,900$155,503$154,139$152,808$151,509$146,541
2 years$77,673$76,227$74,825$73,465$72,147$67,190
3 years$51,268$49,815$48,417$47,070$45,773$40,982
4 years$38,068$36,619$35,235$33,911$32,646$28,057
5 years$30,150$28,710$27,344$26,047$24,817$20,443
6 years$24,873$23,444$22,098$20,830$19,637$15,481
7 years$21,105$19,688$18,363$17,126$15,970$12,032
8 years$18,280$16,876$15,574$14,366$13,249$9,526
9 years$16,085$14,694$13,414$12,237$11,157$7,645
10 years$14,329$12,952$11,694$10,548$9,506$6,200
11 years$12,894$11,530$10,295$9,180$8,176$5,068
12 years$11,698$10,349$9,137$8,052$7,085$4,169
13 years$10,688$9,353$8,163$7,109$6,178$3,447
14 years$9,822$8,501$7,335$6,310$5,416$2,862
15 years$9,073$7,766$6,622$5,628$4,769$2,384
16 years$8,418$7,125$6,004$5,039$4,214$1,991
17 years$7,840$6,562$5,463$4,528$3,737$1,667
18 years$7,328$6,064$4,987$4,080$3,323$1,398
19 years$6,869$5,620$4,566$3,687$2,962$1,174
20 years$6,457$5,222$4,190$3,339$2,645$987
21 years$6,085$4,864$3,854$3,031$2,367$831
22 years$5,747$4,540$3,552$2,755$2,122$701
23 years$5,439$4,247$3,280$2,509$1,905$591
24 years$5,157$3,979$3,033$2,289$1,712$499
25 years$4,898$3,734$2,809$2,090$1,541$421
26 years$4,660$3,509$2,606$1,911$1,388$356
27 years$4,439$3,303$2,420$1,749$1,251$300
28 years$4,235$3,112$2,249$1,603$1,129$254
29 years$4,045$2,936$2,093$1,470$1,019$215
30 years$3,868$2,773$1,950$1,349$921$182
31 years$3,702$2,621$1,818$1,239$833$154
32 years$3,548$2,480$1,696$1,139$753$130
33 years$3,403$2,349$1,583$1,047$682$110
34 years$3,266$2,226$1,479$963$617$93
35 years$3,138$2,111$1,383$887$559$79
36 years$3,018$2,004$1,294$817$507$67
37 years$2,904$1,903$1,211$752$459$56
38 years$2,796$1,809$1,134$694$416$48
39 years$2,694$1,720$1,063$640$377$40
40 years$2,598$1,636$996$590$342$34
41 years$2,506$1,558$934$544$311$29
42 years$2,419$1,484$876$502$282$25
43 years$2,336$1,414$822$464$256$21
44 years$2,257$1,347$772$428$232$18
45 years$2,182$1,285$725$395$211$15
46 years$2,111$1,226$681$365$191$13
47 years$2,043$1,170$639$337$174$11
48 years$1,977$1,117$601$312$158$9
49 years$1,915$1,066$565$288$143$8
50 years$1,855$1,019$531$266$130$6

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 $2,950 every year, while hoping to spend $54,035 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: 50/23/27 Blend
58$1,900,000$1,900,000$1,900,000$1,900,000
59$2,096,843$1,996,143$1,966,693$2,185,549
60$2,253,228$2,036,461$1,975,084$2,288,103
61$2,423,754$2,076,944$1,981,946$2,393,874
62$2,609,804$2,117,542$1,987,169$2,507,774
63$2,812,906$2,158,203$1,990,640$2,630,599
64$3,034,736$2,198,868$1,992,240$2,763,227
65$3,277,142$2,239,476$1,991,844$2,906,626
66$3,542,159$2,279,959$1,989,319$3,061,864
67$3,832,026$2,320,244$1,984,528$3,230,119
68$4,149,210$2,360,253$1,977,327$3,412,691
69$4,496,425$2,399,902$1,967,563$3,611,014
70$4,876,663$2,439,099$1,955,079$3,826,668
71$5,293,214$2,477,747$1,939,706$4,061,399
72$5,749,707$2,515,741$1,921,271$4,317,131
73$6,250,135$2,552,970$1,899,591$4,595,987
74$6,798,895$2,589,312$1,874,474$4,900,307
75$7,400,834$2,624,640$1,845,721$5,232,674
76$8,061,287$2,658,815$1,813,120$5,595,938
77$8,786,131$2,691,690$1,776,452$5,993,239
78$9,581,841$2,723,107$1,735,488$6,428,043
79$10,455,548$2,752,899$1,689,986$6,904,172
80$11,415,109$2,780,886$1,639,696$7,425,842
81$12,469,178$2,806,877$1,584,353$7,997,702
82$13,627,288$2,830,668$1,523,683$8,624,879
83$14,899,942$2,852,041$1,457,397$9,313,027
84$16,298,711$2,870,766$1,385,195$10,068,382
85$17,836,342$2,886,597$1,306,762$10,897,822
86$19,526,879$2,899,270$1,221,768$11,808,929
87$21,385,795$2,908,508$1,129,872$12,810,066
88$23,430,136$2,914,015$1,030,712$13,910,455
89$25,678,684$2,915,476$923,916$15,120,265
90$28,152,132$2,912,557$809,089$16,450,706
91$30,873,280$2,904,903$685,824$17,914,143
92$33,867,249$2,892,137$553,693$19,524,207
93$37,161,716$2,873,860$412,250$21,295,928
94$40,787,179$2,849,647$261,028$23,245,878
95$44,777,242$2,819,050$99,543$25,392,329
96$49,168,928$2,781,590$0$27,755,425
97$54,003,035$2,736,765$0$30,378,346
98$59,324,515$2,684,037$0$33,296,575
99$65,182,901$2,622,841$0$36,508,559
100$71,632,773$2,552,575$0$40,044,224