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%14.3%
1 years$157,726$156,321$154,950$153,612$152,306$149,598
2 years$78,082$76,628$75,219$73,852$72,527$69,808
3 years$51,538$50,077$48,671$47,318$46,014$43,369
4 years$38,268$36,812$35,420$34,090$32,818$30,266
5 years$30,308$28,861$27,488$26,184$24,947$22,498
6 years$25,004$23,567$22,214$20,940$19,740$17,394
7 years$21,216$19,792$18,460$17,216$16,054$13,813
8 years$18,377$16,965$15,656$14,442$13,318$11,182
9 years$16,169$14,771$13,484$12,301$11,216$9,182
10 years$14,405$13,020$11,756$10,604$9,557$7,624
11 years$12,962$11,591$10,350$9,228$8,219$6,385
12 years$11,760$10,404$9,185$8,095$7,122$5,385
13 years$10,744$9,402$8,206$7,146$6,211$4,568
14 years$9,874$8,546$7,373$6,344$5,444$3,892
15 years$9,121$7,807$6,657$5,657$4,794$3,330
16 years$8,462$7,163$6,036$5,066$4,237$2,857
17 years$7,882$6,597$5,492$4,551$3,756$2,459
18 years$7,366$6,095$5,014$4,102$3,340$2,121
19 years$6,906$5,649$4,590$3,706$2,977$1,833
20 years$6,491$5,250$4,212$3,357$2,659$1,586
21 years$6,117$4,890$3,874$3,046$2,380$1,375
22 years$5,778$4,564$3,571$2,770$2,133$1,194
23 years$5,468$4,269$3,297$2,523$1,915$1,037
24 years$5,185$4,000$3,049$2,301$1,721$902
25 years$4,924$3,754$2,824$2,101$1,549$785
26 years$4,684$3,528$2,619$1,921$1,395$683
27 years$4,463$3,320$2,432$1,759$1,258$596
28 years$4,257$3,128$2,261$1,611$1,135$519
29 years$4,066$2,951$2,104$1,478$1,025$453
30 years$3,888$2,787$1,960$1,356$926$395
31 years$3,722$2,635$1,827$1,245$837$345
32 years$3,566$2,493$1,705$1,145$757$301
33 years$3,421$2,361$1,592$1,052$685$263
34 years$3,284$2,238$1,487$968$620$230
35 years$3,155$2,122$1,391$891$562$201
36 years$3,034$2,014$1,301$821$509$175
37 years$2,919$1,913$1,218$756$461$153
38 years$2,811$1,818$1,140$697$418$134
39 years$2,708$1,729$1,068$643$379$117
40 years$2,611$1,645$1,001$593$344$102
41 years$2,519$1,566$939$547$312$90
42 years$2,432$1,491$881$505$283$78
43 years$2,349$1,421$826$466$257$68
44 years$2,269$1,354$776$430$233$60
45 years$2,194$1,292$728$397$212$52
46 years$2,122$1,232$684$367$192$46
47 years$2,053$1,176$643$339$175$40
48 years$1,988$1,122$604$313$159$35
49 years$1,925$1,072$568$290$144$31
50 years$1,865$1,024$534$268$131$27

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 $2,986 every year, while hoping to spend $48,344 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: 72/13/15 Blend
58$1,910,000$1,910,000$1,910,000$1,910,000
59$2,107,900$2,006,670$1,977,065$2,252,375
60$2,271,468$2,053,559$1,991,859$2,395,469
61$2,450,100$2,101,126$2,005,528$2,545,946
62$2,645,281$2,149,352$2,017,984$2,709,460
63$2,858,646$2,198,217$2,029,134$2,887,291
64$3,091,997$2,247,698$2,038,878$3,080,850
65$3,347,315$2,297,769$2,047,115$3,291,690
66$3,626,783$2,348,402$2,053,735$3,521,523
67$3,932,805$2,399,564$2,058,626$3,772,234
68$4,268,029$2,451,220$2,061,667$4,045,900
69$4,635,368$2,503,331$2,062,734$4,344,810
70$5,038,035$2,555,853$2,061,694$4,671,485
71$5,479,564$2,608,739$2,058,410$5,028,702
72$5,963,850$2,661,937$2,052,737$5,419,522
73$6,495,182$2,715,392$2,044,523$5,847,318
74$7,078,285$2,769,040$2,033,609$6,315,805
75$7,718,363$2,822,817$2,019,829$6,829,078
76$8,421,149$2,876,648$2,003,006$7,391,649
77$9,192,958$2,930,455$1,982,959$8,008,488
78$10,040,747$2,984,154$1,959,494$8,685,076
79$10,972,178$3,037,653$1,932,413$9,427,448
80$11,995,694$3,090,852$1,901,503$10,242,258
81$13,120,597$3,143,645$1,866,544$11,136,836
82$14,357,131$3,195,918$1,827,307$12,119,261
83$15,716,587$3,247,546$1,783,550$13,198,436
84$17,211,400$3,298,397$1,735,020$14,384,173
85$18,855,273$3,348,329$1,681,454$15,687,282
86$20,663,304$3,397,190$1,622,575$17,119,680
87$22,652,124$3,444,815$1,558,095$18,694,496
88$24,840,061$3,491,031$1,487,711$20,426,201
89$27,247,306$3,535,650$1,411,108$22,330,742
90$29,896,107$3,578,473$1,327,956$24,425,694
91$32,810,977$3,619,286$1,237,910$26,730,424
92$36,018,926$3,657,861$1,140,610$29,266,275
93$39,549,715$3,693,954$1,035,679$32,056,770
94$43,436,136$3,727,307$922,724$35,127,832
95$47,714,320$3,757,644$801,333$38,508,027
96$52,424,082$3,784,669$671,079$42,228,840
97$57,609,290$3,808,071$531,513$46,324,967
98$63,318,286$3,827,514$382,166$50,834,644
99$69,604,334$3,842,645$222,551$55,800,012
100$76,526,127$3,853,086$52,158$61,267,509