Can I retire at age 59 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$157,726$156,321$154,950$153,612$152,306$149,845
2 years$78,082$76,628$75,219$73,852$72,527$70,054
3 years$51,538$50,077$48,671$47,318$46,014$43,606
4 years$38,268$36,812$35,420$34,090$32,818$30,494
5 years$30,308$28,861$27,488$26,184$24,947$22,714
6 years$25,004$23,567$22,214$20,940$19,740$17,600
7 years$21,216$19,792$18,460$17,216$16,054$14,008
8 years$18,377$16,965$15,656$14,442$13,318$11,365
9 years$16,169$14,771$13,484$12,301$11,216$9,355
10 years$14,405$13,020$11,756$10,604$9,557$7,787
11 years$12,962$11,591$10,350$9,228$8,219$6,538
12 years$11,760$10,404$9,185$8,095$7,122$5,529
13 years$10,744$9,402$8,206$7,146$6,211$4,702
14 years$9,874$8,546$7,373$6,344$5,444$4,017
15 years$9,121$7,807$6,657$5,657$4,794$3,446
16 years$8,462$7,163$6,036$5,066$4,237$2,965
17 years$7,882$6,597$5,492$4,551$3,756$2,559
18 years$7,366$6,095$5,014$4,102$3,340$2,214
19 years$6,906$5,649$4,590$3,706$2,977$1,919
20 years$6,491$5,250$4,212$3,357$2,659$1,666
21 years$6,117$4,890$3,874$3,046$2,380$1,448
22 years$5,778$4,564$3,571$2,770$2,133$1,261
23 years$5,468$4,269$3,297$2,523$1,915$1,099
24 years$5,185$4,000$3,049$2,301$1,721$959
25 years$4,924$3,754$2,824$2,101$1,549$837
26 years$4,684$3,528$2,619$1,921$1,395$731
27 years$4,463$3,320$2,432$1,759$1,258$639
28 years$4,257$3,128$2,261$1,611$1,135$559
29 years$4,066$2,951$2,104$1,478$1,025$489
30 years$3,888$2,787$1,960$1,356$926$428
31 years$3,722$2,635$1,827$1,245$837$375
32 years$3,566$2,493$1,705$1,145$757$329
33 years$3,421$2,361$1,592$1,052$685$288
34 years$3,284$2,238$1,487$968$620$252
35 years$3,155$2,122$1,391$891$562$221
36 years$3,034$2,014$1,301$821$509$194
37 years$2,919$1,913$1,218$756$461$170
38 years$2,811$1,818$1,140$697$418$149
39 years$2,708$1,729$1,068$643$379$131
40 years$2,611$1,645$1,001$593$344$115
41 years$2,519$1,566$939$547$312$101
42 years$2,432$1,491$881$505$283$88
43 years$2,349$1,421$826$466$257$78
44 years$2,269$1,354$776$430$233$68
45 years$2,194$1,292$728$397$212$60
46 years$2,122$1,232$684$367$192$52
47 years$2,053$1,176$643$339$175$46
48 years$1,988$1,122$604$313$159$40
49 years$1,925$1,072$568$290$144$35
50 years$1,865$1,024$534$268$131$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $1,910,000, adding $6,678 every year, while hoping to spend $56,848 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: 70/14/16 Blend
58$1,910,000$1,910,000$1,910,000$1,910,000
59$2,111,708$2,010,478$1,980,873$2,251,212
60$2,266,617$2,048,506$1,986,747$2,382,898
61$2,435,421$2,086,492$1,990,912$2,519,540
62$2,619,477$2,124,373$1,993,251$2,667,635
63$2,820,280$2,162,084$1,993,641$2,828,307
64$3,039,474$2,199,551$1,991,953$3,002,791
65$3,278,868$2,236,697$1,988,052$3,192,451
66$3,540,456$2,273,439$1,981,795$3,398,787
67$3,826,431$2,309,686$1,973,034$3,623,455
68$4,139,208$2,345,342$1,961,611$3,868,276
69$4,481,447$2,380,303$1,947,364$4,135,262
70$4,856,075$2,414,458$1,930,122$4,426,625
71$5,266,317$2,447,689$1,909,703$4,744,807
72$5,715,724$2,479,868$1,885,921$5,092,497
73$6,208,206$2,510,860$1,858,577$5,472,658
74$6,748,069$2,540,518$1,827,466$5,888,559
75$7,340,058$2,568,689$1,792,372$6,343,799
76$7,989,395$2,595,207$1,753,068$6,842,346
77$8,701,836$2,619,894$1,709,317$7,388,575
78$9,483,717$2,642,562$1,660,873$7,987,307
79$10,342,020$2,663,012$1,607,477$8,643,854
80$11,284,436$2,681,029$1,548,857$9,364,073
81$12,319,435$2,696,387$1,484,730$10,154,419
82$13,456,350$2,708,842$1,414,801$11,022,007
83$14,705,460$2,718,138$1,338,760$11,974,677
84$16,078,091$2,724,001$1,256,283$13,021,072
85$17,586,721$2,726,141$1,167,032$14,170,720
86$19,245,093$2,724,249$1,070,655$15,434,119
87$21,068,352$2,717,996$966,781$16,822,843
88$23,073,181$2,707,036$855,025$18,349,647
89$25,277,962$2,690,997$734,986$20,028,590
90$27,702,948$2,669,490$606,241$21,875,168
91$30,370,451$2,642,097$468,353$23,906,460
92$33,305,056$2,608,379$320,862$26,141,290
93$36,533,851$2,567,868$163,289$28,600,406
94$40,086,681$2,520,071$0$31,306,677
95$43,996,430$2,464,462$0$34,286,138
96$48,299,332$2,400,487$0$37,595,540
97$53,035,311$2,327,558$0$41,237,688
98$58,248,358$2,245,053$0$45,246,425
99$63,986,943$2,152,314$0$49,659,044
100$70,304,478$2,048,645$0$54,516,644