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%12.2%
1 years$157,726$156,321$154,950$153,612$152,306$150,904
2 years$78,082$76,628$75,219$73,852$72,527$71,114
3 years$51,538$50,077$48,671$47,318$46,014$44,634
4 years$38,268$36,812$35,420$34,090$32,818$31,482
5 years$30,308$28,861$27,488$26,184$24,947$23,660
6 years$25,004$23,567$22,214$20,940$19,740$18,502
7 years$21,216$19,792$18,460$17,216$16,054$14,865
8 years$18,377$16,965$15,656$14,442$13,318$12,180
9 years$16,169$14,771$13,484$12,301$11,216$10,127
10 years$14,405$13,020$11,756$10,604$9,557$8,516
11 years$12,962$11,591$10,350$9,228$8,219$7,227
12 years$11,760$10,404$9,185$8,095$7,122$6,177
13 years$10,744$9,402$8,206$7,146$6,211$5,312
14 years$9,874$8,546$7,373$6,344$5,444$4,590
15 years$9,121$7,807$6,657$5,657$4,794$3,983
16 years$8,462$7,163$6,036$5,066$4,237$3,468
17 years$7,882$6,597$5,492$4,551$3,756$3,029
18 years$7,366$6,095$5,014$4,102$3,340$2,652
19 years$6,906$5,649$4,590$3,706$2,977$2,328
20 years$6,491$5,250$4,212$3,357$2,659$2,046
21 years$6,117$4,890$3,874$3,046$2,380$1,802
22 years$5,778$4,564$3,571$2,770$2,133$1,589
23 years$5,468$4,269$3,297$2,523$1,915$1,403
24 years$5,185$4,000$3,049$2,301$1,721$1,240
25 years$4,924$3,754$2,824$2,101$1,549$1,097
26 years$4,684$3,528$2,619$1,921$1,395$972
27 years$4,463$3,320$2,432$1,759$1,258$861
28 years$4,257$3,128$2,261$1,611$1,135$764
29 years$4,066$2,951$2,104$1,478$1,025$678
30 years$3,888$2,787$1,960$1,356$926$602
31 years$3,722$2,635$1,827$1,245$837$534
32 years$3,566$2,493$1,705$1,145$757$475
33 years$3,421$2,361$1,592$1,052$685$422
34 years$3,284$2,238$1,487$968$620$375
35 years$3,155$2,122$1,391$891$562$334
36 years$3,034$2,014$1,301$821$509$297
37 years$2,919$1,913$1,218$756$461$264
38 years$2,811$1,818$1,140$697$418$235
39 years$2,708$1,729$1,068$643$379$209
40 years$2,611$1,645$1,001$593$344$186
41 years$2,519$1,566$939$547$312$166
42 years$2,432$1,491$881$505$283$148
43 years$2,349$1,421$826$466$257$131
44 years$2,269$1,354$776$430$233$117
45 years$2,194$1,292$728$397$212$104
46 years$2,122$1,232$684$367$192$93
47 years$2,053$1,176$643$339$175$83
48 years$1,988$1,122$604$313$159$74
49 years$1,925$1,072$568$290$144$66
50 years$1,865$1,024$534$268$131$58

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 $2,676 every year, while hoping to spend $26,523 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: 59/17/24 Blend
58$1,910,000$1,910,000$1,910,000$1,910,000
59$2,107,580$2,006,350$1,976,745$2,218,200
60$2,294,333$2,076,441$2,014,746$2,363,919
61$2,499,246$2,149,078$2,053,131$2,519,692
62$2,724,143$2,224,356$2,091,885$2,689,022
63$2,971,034$2,302,378$2,130,991$2,873,231
64$3,242,131$2,383,247$2,170,431$3,073,773
65$3,539,875$2,467,072$2,210,187$3,292,246
66$3,866,950$2,553,966$2,250,236$3,530,413
67$4,226,316$2,644,048$2,290,556$3,790,213
68$4,621,233$2,737,439$2,331,123$4,073,781
69$5,055,293$2,834,267$2,371,909$4,383,469
70$5,532,451$2,934,665$2,412,886$4,721,866
71$6,057,067$3,038,769$2,454,024$5,091,822
72$6,633,944$3,146,725$2,495,290$5,496,479
73$7,268,372$3,258,681$2,536,648$5,939,294
74$7,966,182$3,374,792$2,578,061$6,424,076
75$8,733,796$3,495,220$2,619,490$6,955,020
76$9,578,291$3,620,134$2,660,891$7,536,747
77$10,507,465$3,749,708$2,702,219$8,174,347
78$11,529,908$3,884,126$2,743,425$8,873,426
79$12,655,087$4,023,576$2,784,458$9,640,160
80$13,893,431$4,168,257$2,825,263$10,481,351
81$15,256,434$4,318,374$2,865,782$11,404,496
82$16,756,758$4,474,143$2,905,954$12,417,850
83$18,408,357$4,635,785$2,945,712$13,530,508
84$20,226,604$4,803,533$2,984,989$14,752,492
85$22,228,442$4,977,630$3,023,709$16,094,841
86$24,432,536$5,158,328$3,061,797$17,569,718
87$26,859,458$5,345,888$3,099,170$19,190,523
88$29,531,871$5,540,586$3,135,741$20,972,022
89$32,474,752$5,742,705$3,171,419$22,930,480
90$35,715,622$5,952,543$3,206,107$25,083,821
91$39,284,807$6,170,409$3,239,703$27,451,791
92$43,215,724$6,396,625$3,272,099$30,056,149
93$47,545,196$6,631,528$3,303,183$32,920,869
94$52,313,800$6,875,467$3,332,834$36,072,366
95$57,566,251$7,128,808$3,360,926$39,539,746
96$63,351,819$7,391,930$3,387,328$43,355,079
97$69,724,800$7,665,230$3,411,899$47,553,704
98$76,745,025$7,949,122$3,434,493$52,174,559
99$84,478,424$8,244,035$3,454,955$57,260,549
100$92,997,650$8,550,420$3,473,123$62,858,951